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Vancouver, BC - TheNewswire - September 10 , 2025 / Global Energy Metals Corporation TSXV:GEMC,OTC:GBLEF | 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 clean energy, is pleased to announce that it has entered into a letter of intent dated September 9, 2025 (the "Letter of Intent") with Luna Energy Ltd. ("Luna") to acquire all of the issued and outstanding common shares ("Shares") of Luna (the " Transaction "), subject to the approval of the TSX Venture Exchange (the " Exchange " ) . Global Energy Metals is acquiring Luna and its underlying assets to significantly expand its position in the uranium sector with immediate access and direct ownership of a portfolio of highly prospective uranium projects in an under-explored yet mining-friendly jurisdiction all at a time when nuclear power generation and the need for new sources of uranium is experiencing a revival driven by ambitious climate goals and technology demands.
Mitchell Smith, President and CEO, Director commented:
"GEMC is pleased to collaborate with Luna Energy in a way that is mutually beneficial and enhances our exposure to potential discoveries of uranium deposits at a pivotal time when global uranium demand , driven by the proliferation and rapid deployment of nuclear energy as a clean power source, is projected to rise significantly over the next decade. In this highly competitive uranium market, opportunities to acquire projects of this quality are rare.
The mining industry is currently undergoing a significant transformation driven by rising demand for critical minerals, the ongoing energy transition, and greater emphasis on environmental, social, and governance factors. These interconnected trends are reshaping mining investment creating a once in a generation opportunity. The acquisition of Luna Energy provides Global Energy Metals with immediate access to new and exciting growth-stage exploration projects within known uranium mining camps in Paraguay. A deal of this nature is also consistent with our strategy to create a diversified, energy metals focused company built on a portfolio of quality assets, including exploration and development stage projects. The Transaction , along with existing complementary project and equity holdings, is expected to create a competitive advantage for GEMC and differentiate us from our peers.
We look forward to completing on the Transaction and will continue to update the market with next step plans for the second half of 2025. "
The Project Portfolio
Starting in 2023 Luna focused its efforts on the uranium potential of the western portion of the Paran á sedimentary basin in Paraguay. Luna is exploring uranium potential of the western portion of the Paran á sedimentary basin in Paraguay, focusing on areas identified by historical data from Anschutz Corporation and in proximity to two areas currently held by Uranium Energy Corp . Through significant staking of prime, prospective territory, Luna now controls one of the largest under-explored uranium land positions in South America . In addition to its uranium portfolio, Luna also holds title to a number of prospective lithium and other critical mineral assets in South America. For further information about Luna ' s properties, including its flagship Cabayu Uranium Project , please refer to Luna ' s website at https://www.lunaenergy.energy.
The Transaction
The Transaction contemplates the acquisition by Global Energy Metals of all of the issued and outstanding shares of Luna, resulting in Luna becoming a wholly owned subsidiary of Global Energy Metals.
Prior to closing of the Transaction and the Financing as herein defined, Global Energy Metals intends to complete a consolidation ("Consolidation") of its common shares such that 16,893,031 common shares, 881,250 options and 5,412,500 warrants of GEMC will be issued and outstanding after giving effect to the Consolidation. Under the proposed terms, all the issued and outstanding shares of Luna shall be exchanged for 7,239,870 common shares in the capital of GEMC after giving effect to the Consolidation.
Upon completion of the Transaction, the board of directors of Global will be comprised of the existing directors of Global. Following completion of the Transaction, and at the next Annual General Meeting of Shareholders (the " AGM "), Luna will have the right to nominate two directors, and Global will determine which two of its current directors will not stand for re-election at the AGM. The management of Global will continue to be led by the existing Global team. Certain consulting roles may be added for an interim basis or as seen fit by the Board of Directors of Global.
Concurrent Financing
In connection with the Transaction and upon completion of the Consolidation, the parties intend to conduct a best efforts financing (the "Financing") of up to 13,333,334 units (the "Units") at a price of $0.15 per Unit on a post-Consolidation basis, for gross proceeds of up to $2,000,000. Each Unit shall consist of one common share of GEMC and one common share purchase warrant (a "Warrant"). Each Warrant shall entitle the holder thereof to acquire an additional post-Consolidation common share of Global at a price of $0.25 for a period of 2 years from the date of issuance. Proceeds from the Financing will be used for exploration of GEMC's existing projects, advancement of Luna's uranium projects and general working capital. In connection with completion of the Financing, GEMC may pay finders' fees to eligible third-parties who have assisted in introducing subscribers. Completion of the proposed Financing is a condition to the closing of the Transaction.
Immediately following the completion of the Transaction and Financing, it is anticipated that GEMC will have approximately 37,466,235 common shares outstanding on a post-Consolidation basis. Of these, approximately 81% will be held by shareholders of GEMC and investors in the Financing, and 19% by current Luna shareholders.
Cautionary Statements
Investors are cautioned that the Letter of Intent is non-binding, and there is no assurance that the Transaction will be completed as proposed or at all. Completion of the Transaction is subject to a number of conditions, including but not limited to Exchange acceptance, completion of the conditions precedent thereto including the Financing, and, if necessary shareholder approval.
About Luna Energy
Luna Energy Ltd. a private company incorporated on April 26, 2021 under the Business Corporations Act (British Columbia) is pursuing uranium in one of the world's last under-explored sedimentary basins, the the Paran á sedimentary basin in Paraguay. Luna's largest shareholder is Fiduc Group (Family Investment Office based in Argentina), owning approximately 21% of the outstanding shares of Luna. Luna' s Paraguayan subsidiary filed 12 applications covering 14 individual Prospection Permits in southeastern Paraguay covering a total area of approximately 312,000 hectares (collectively, the "Cabayu Uranium Project").
For additional information please visit the Luna Energy website: https://www.lunaenergy.energy
For Further Information:
Global Energy Metals Corporation
Email: info@globalenergymetals.com
www.globalenergymetals.com
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Global Energy Metals Corporation
(TSXV:GEMC,OTC:GBLEF | OTCQB:GBLEF | FSE:5GE1)
Global Energy Metals Corp. offers investment exposure to the growing rechargeable battery and electric vehicle market by building a diversified global portfolio of exploration and growth-stage battery mineral assets.
Global Energy Metals recognizes that the proliferation and growth of the electrified economy in the coming decades is underpinned by the availability of battery metals, including cobalt, nickel, copper, lithium and other raw materials. To be part of the solution and respond to this electrification movement, Global Energy Metals has taken a ‘consolidate, partner and invest' approach and in doing so have assembled and are advancing a portfolio of strategically significant investments in battery metal resources.
As demonstrated with the Company's current copper, nickel and cobalt projects in Canada, Australia, Norway and the United States, GEMC is investing-in, exploring and developing prospective, scaleable assets in established mining and processing jurisdictions in close proximity to end-use markets. Global Energy Metals is targeting projects with low logistics and processing risks, so that they can be fast tracked to enter the supply chain in this cycle. The Company is also collaborating with industry peers to strengthen its exposure to these critical commodities and the associated technologies required for a cleaner future.
Securing exposure to these critical minerals powering the eMobility revolution is a generational investment opportunity. Global Energy Metals believes Now is the Time to be part of this electrification movement.
Cautionary Statement on Forward-Looking Information:
Certain information in this release may constitute forward-looking statements under applicable securities laws and necessarily involve risks associated with regulatory approvals and timelines. Although Global Energy Metals believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
GEMC 's operations could be significantly adversely affected by the effects of a widespread global outbreak of a contagious disease, including the recent outbreak of illness caused by COVID-19. It is not possible to accurately predict the impact COVID-19 will have on operations and the ability of others to meet their obligations, including uncertainties relating to the ultimate geographic spread of the virus, the severity of the disease, the duration of the outbreak, and the length of travel and quarantine restrictions imposed by governments of affected countries. In addition, a significant outbreak of contagious diseases in the human population could result in a widespread health crisis that could adversely affect the economies and financial markets of many countries, resulting in an economic downturn that could further affect operations and the ability to finance its operations.
For more information on Global Energy and the risks and challenges of their businesses, investors should review the filings that are available at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
We seek safe harbour.
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