Global Energy Metals Highlights Identification Of Multiple Uranium Targets At Charlot-Neely Lake Uranium Project In Saskatchewan

Global Energy Metals Corporation (GEMC) has announced new exploration results from its Charlot-Neely Lake uranium project in Saskatchewan. The company holds a 0.5% Net Smelter Return (NSR) royalty on Terra North Resources Corp.'s 594 km² Saskatchewan uranium portfolio, which includes the Charlot-Neely Lake, Fontaine Lake, Snowbird, and South Pendleton properties.

An airborne geophysical survey conducted by Terra North identified multiple high-priority uranium anomalies and targets within the historic Beaverlodge uranium district. These findings build on preliminary radiometric anomalies highlighted by GEMC in September 2026. Terra North plans follow-up fieldwork, including prospecting and sampling, to evaluate targets and prioritize future work. GEMC retains exposure to the portfolio without incurring direct exploration expenditures, aligning with its strategy of maintaining strategic royalty interests.

Global Energy Metals Corporation (GEMC) holds a 0.5% net smelter return (NSR) royalty on the asset, meaning the company receives no revenue until a discovery is commercialized. Consequently, the news represents a routine progression of exploration activity and has no immediate financial or operational impact on GEMC.

The update follows directly on the heels of the September 2026 preliminary radiometric anomaly announcement. It validates partner activity and confirms that Terra North is advancing the portfolio as previously communicated. The market had already priced in the exploration program, making this a follow-up rather than a market-moving event. The development does not alter the company's near-term cash flow, dilution profile, or strategic direction.

Global Energy Metals Corporation (GEMC) operates as a project generator and royalty platform focused on critical minerals within Tier-1 jurisdictions, including the USA, Norway, Australia, and Canada. The company’s flagship asset is the Millennium Project in Queensland, Australia, where GEMC holds a 49% interest that is fully carried on exploration by partner Metal Bank Ltd. The project hosts a JORC 2012 Inferred Resource of 8.4 Mt @ 1.23% CuEq. Recent drilling has confirmed thick, near-surface graphite intersections exceeding 12% TGC, broadening the commodity profile and supporting potential low-strip-ratio development.

The company’s portfolio also includes the Rana Nickel Project in Norway, the Monument Peak Silver-Copper-Gold project in Idaho, the Lovelock and Treasure Box assets in Nevada, the Peace River Lithium project in Canada, and the Athabasca Uranium portfolio in Saskatchewan.