Global Energy Metals Enters Into Option Agreement with Zimtu Capital to Advance the Monument Peak Project, Idaho

Core Viewpoint - Global Energy Metals Corporation has entered into a non-binding letter agreement with Zimtu Capital Corp to propose an option agreement aimed at advancing exploration and development at the Monument Peak silver-copper-gold project in Idaho, USA [1][2]. Group 1: Option Agreement Details - Zimtu will be granted a multi-stage option over a four-year term to acquire Global Energy Metals' entire 50% interest in Monument Peak, subject to a 1.0% net smelter returns royalty [2][4]. - The transaction allows Global Energy Metals to maintain non-dilutive exposure to exploration success through cash payments, equity consideration, exploration expenditures, and retained royalty interest [2][3]. - The Option Agreement includes several milestone payments, with the first milestone requiring a payment of $50,000 in cash and the issuance of 100,000 common shares of Zimtu or its assignee [6][7]. Group 2: Financial Terms and Conditions - Zimtu must incur a minimum of $1,000,000 in direct exploration expenditures on the Project within 12 months of Closing [9]. - The second milestone payment includes $150,000 in cash and shares valued at $150,000, while the third milestone payment consists of $200,000 in cash and shares valued at $250,000 [11]. - Upon exercise of the Option, Global Energy Metals will retain a 1.0% NSR royalty on the Project, with a provision for the Optionee to repurchase 0.5% of the NSR for $1,000,000 within the first five years [11]. Group 3: Project Overview - The Monument Peak Project consists of 84 contiguous, unpatented lode mining claims totaling approximately 689.77 hectares, which includes two historical copper mines [15]. - Historical and modern exploration has confirmed the presence of high-grade copper-silver ± gold mineralization along a 3+ kilometer structural trend [16]. - Notable prior sampling results include copper grades ranging from 1% to 20.9% and silver grades from 3.4 to 305 g/t [17][19].