Vancouver, BC - TheNewswire - January 30, 2026 - Global Energy Metals Corporation (TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1) (“Global Energy Metals”, the “Company” and/or “GEMC”), a multi-jurisdictional, multi-commodity critical mineral exploration, development and project generating company focused on growth-oriented projects supporting the global transition to the new energy economy,  announces that Mr. Peter Reynolds has resigned from the Company’s Board of Directors, effective January 31, 2026. The Board an ...

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].