Global Energy Metals Highlights Identification Of Eight Uranium Targets At Fontaine Lake Project In Saskatchewan

Global Energy Metals Corporation (TSXV: GEMC) announced the identification of eight high-priority uranium exploration targets at its Fontaine Lake project in northern Saskatchewan. The targets were derived from a completed airborne geophysical survey covering approximately 60 km², conducted by Terra North Resources Corp.

GEMC retains a 0.5% Net Smelter Return (NSR) royalty across Terra North's approximately 594 km² Saskatchewan uranium portfolio, which includes Fontaine Lake, Charlot-Neely Lake, Snowbird, and South Pendleton. The announcement follows a sequential progression of exploration updates on the same portfolio, including preliminary radiometric anomalies in September 2026 and multiple target identification at Charlot-Neely Lake in October 2026.

Technical information was reviewed and approved by Paul Sarjeant, P.Geo., a Qualified Person under NI 43-101 and a director/shareholder of GEMC. Management emphasized that the royalty structure allows GEMC to maintain exposure to potential uranium discoveries without incurring direct exploration expenditures, aligning with a strategy to concentrate resources on core U.S. copper assets and strategic critical minerals acquisitions.

Global Energy Metals Corporation (GEMC) has announced the identification of geophysical anomalies as part of an expected, incremental step in its partner-funded exploration program. This activity represents a standard early-stage exploration phase that precedes ground truthing and drilling. The progression from preliminary anomalies identified in September to the current target identification in October and November follows a predictable exploration timeline, building on previous announcements regarding the advancement of the Terra North portfolio.

GEMC does not hold an operating interest in the property; instead, it holds a 0.5% NSR royalty. This structure means the company bears no exploration costs but receives no revenue until a discovery is developed and produced. The announcement does not trigger a financing, a partnership change, or a resource estimate, and there is no change to the company's financial position, capital structure, or immediate catalysts. The impact is limited to minor sentiment support for a company heavily reliant on exploration optionality, without altering the fundamental risk profile or near-term liquidity requirements.

Global Energy Metals Corporation (GEMC) operates as a project generator and royalty platform focused on critical minerals across tier-1 jurisdictions in the USA, Norway, Australia, and Canada. The company’s business model emphasizes capital recycling, non-dilutive advancement through partnerships, and retaining royalty or carried interests.

GEMC’s primary assets include the Millennium Project in Australia, where the company holds a 49% interest fully carried by partner Metal Bank Ltd. The project focuses on copper, cobalt, gold, and graphite, with recent drilling confirming thick, near-surface graphite intersections over a strike of more than 2 km. In Norway, the company holds a 10% equity interest and a 1.0% NSR royalty on the nickel-focused Rana Project, where partner Kingsrose Mining is earning in.

In the USA, GEMC advanced the Monument Peak Project in Idaho, a silver, copper, and gold asset, via a four-year option agreement with Grounded People Apparel Inc., retaining a 1.0% NSR. Additionally, the company holds a 0.5% NSR royalty on Terra North’s approximately 594 km² Athabasca Uranium Projects portfolio in Canada. The company is currently in the exploration and evaluation stage with zero revenue and no production guidance.