Global Energy Metals Announces Exploration Permit Application Lodged at Millennium Project

Core Viewpoint - Global Energy Metals Corporation is advancing its Millennium Project by applying for an Exploration Permit for Minerals (EPM) to enhance resource growth and project economics, supporting the transition to a new energy economy [1][3]. Group 1: Exploration Permit and Project Development - The application for the EPM is a strategic move to unlock near-term growth opportunities, allowing targeted drilling to expand and define existing mineral resources [3][5]. - If granted, the EPM will enable the expansion of the current cobalt-copper-gold resource and further define graphite targets on an accelerated timeline [5][6]. - The proposed drilling program includes testing a 200m x 200m "gap zone" within the current mining lease area, where the existing resource is believed to continue [4][10]. Group 2: Resource Estimates and Mining Leases - Millennium holds a JORC 2012 Mineral Resource Estimate of 8.4 million tonnes at 0.09% cobalt, 0.29% copper, and 0.12g/t gold, equating to a 1.23% copper equivalent on an inferred basis [6][7]. - A new mining lease was applied for in 2025 to cover the "gap zone" and additional land for operational and infrastructure needs [6][9]. - The additional lease area consists of approximately 159 hectares, including the gap zone, which was previously inaccessible [10][11]. Group 3: Strategic Partnerships and Future Plans - The project is being advanced by Metal Bank, which is earning an 80% interest in Millennium through a joint venture with Global Energy Metals [7][9]. - Metal Bank is also assessing the potential for further value from the Millennium Project by developing graphite resources, including surface mapping and metallurgical testing [14]. - The company is focused on maintaining regulatory compliance and technical rigor while pursuing resource growth and value creation [5][18].