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New exploration results further advance uranium project subject to Global Energy Metals’ 0.5% NSR royalty

Vancouver, BC - TheNewswire - November 3, 2026 / Global Energy Metals Corporation TSXV:GEMC | OTC:GBLEF | FSE:5GE2 (“Global Energy Metals”, the “Company” and/or “GEMC”) , a multi-jurisdictional, multi-commodity critical mineral exploration, development and project generating comp any focused on growth-oriented projects supporting the global transition to the new energy economy, is pleased to highlight the identification of eight high-priority uranium exploration targets at the Fontaine Lake project in northern Saskatchewan, as announced by Terra Balcanica Resources Corp. (CSE: TERA) (“Terra Balcanica”) on November 2, 2026 .

The results follow the completion of an airborne geophysical survey by Terra North Resources Corp. (“Terra North”) and represent continued exploration progress at Fontaine Lake, one of four Saskatchewan uranium properties over which Global Energy Metals retains a 0.5% Net Smelter Return (“NSR”) royalty.

The latest findings follow the recent identification of multiple uranium targets at Charlot-Neely Lake, announced on October 28, 2026 , further demonstrating the exploration potential across Terra North’s Saskatchewan uranium portfolio.

Exploration Highlights

• Eight high-priority uranium targets identified : The completed airborne survey has outlined eight significant uranium anomalies across the Fontaine Lake property.  

• Encouraging historical results: Previous surface sampling has returned uranium grades of up to 1.44% U₃O₈, supporting the property’s exploration potential.  

• Favourable geological setting: Several targets are associated with the Grease River Shear Zone, a prominent regional geological structure considered prospective for uranium mineralization.  

• Additional critical minerals potential: Survey results have also identified areas of elevated thorium and rare earth element signatures, highlighting broader exploration opportunities.  

• Continued royalty exposure: Global Energy Metals retains a 0.5% NSR royalty across approximately 594 km² of Saskatchewan uranium properties, providing exposure to potential discoveries and future development without directly funding exploration.  

Mitchell Smith, President and CEO of Global Energy Metals, commented:

“The identification of eight uranium targets at Fontaine Lake, following the recent encouraging results at Charlot-Neely Lake, further highlights the exploration potential of our Saskatchewan uranium royalty portfolio.

“With Terra North continuing to advance exploration and identify new targets across multiple properties, Global Energy Metals retains exposure to potential discoveries without incurring direct exploration expenditures. This aligns with our broader strategy of maintaining strategic royalty interests that provide additional opportunities for long-term shareholder value creation.”

Advancing the Fontaine Lake Uranium Project

Fontaine Lake is located approximately 55 kilometres north-northeast of Stony Rapids, Saskatchewan, within a region recognized for its uranium exploration potential.

The recently completed airborne survey covered approximately 60 km² and identified eight high-confidence uranium target zones, several of which align with the Grease River Shear Zone.

The results build on historical exploration, including surface samples reporting uranium grades of up to 1.44% U₃O₈, and provide additional priority areas for follow-up investigation.

Terra North intends to evaluate these findings alongside previous fieldwork to further define exploration priorities and assess the property’s uranium and associated critical minerals potential.

The identified anomalies remain exploration targets and require additional investigation to determine their significance.

Global Energy Metals’ Uranium Royalty Portfolio

Global Energy Metals holds a 0.5% NSR royalty across approximately 594 km² of uranium-prospective properties in Saskatchewan, including Charlot-Neely Lake, Fontaine Lake, Snowbird and South Pendleton.

The recent exploration results at both Fontaine Lake and Charlot-Neely Lake highlight continued progress across the portfolio and the potential for additional discoveries as exploration advances.

The royalty portfolio provides Global Energy Metals with long-term exposure to uranium exploration and potential development while allowing the Company to concentrate its resources on its core U.S. copper exploration assets and strategic critical minerals acquisition initiatives.

With uranium continuing to play an important role in nuclear energy and energy security, Global Energy Metals believes these royalty interests represent a valuable complement to its broader North American critical minerals strategy.

For further information regarding the exploration results, readers are encouraged to review Terra Balcanica’s news release dated November 2, 2026.

Qualified Person

The technical information contained in this release has been derived from publicly disclosed exploration results reported by Terra Balcanica Resources Corp. on November 2, 2026.

Mr. Paul Sarjeant, P.Geo., a Qualified Person as defined under National Instrument 43-101, has reviewed and approved the technical information contained in this news release. Mr. Sarjeant is a Director and shareholder of Global Energy Metals.

About Global Energy Metals Corporation

(TSXV:GEMC | OTC:GBLEF | FSE:5GE2)

Global Energy Metals Corp. provides investors with direct exposure to the rapidly expanding new energy market through the development of a diversified, global portfolio of exploration and growth-stage critical mineral assets.

The Company recognizes that the accelerating electrification of the global economy is fundamentally dependent on the secure supply of critical battery metals, including cobalt, nickel, copper, lithium and other essential raw materials. To help address this challenge and participate meaningfully in the electrification movement, Global Energy Metals has adopted a disciplined consolidate, partner and invest strategy, assembling and advancing a portfolio of strategically significant battery metal investments.

Through its copper, nickel, cobalt, silver, lithium and uranium projects in Canada, Australia, Norway and the United States, Global Energy Metals is investing in, exploring and developing prospective, scalable assets located in established mining and processing jurisdictions, often in close proximity to end-use markets. The Company prioritizes projects with low logistical and processing risk, positioning them for accelerated development and potential entry into the battery supply chain within the current cycle.

Global Energy Metals also collaborates with industry peers to enhance its exposure to critical minerals and the technologies required to support a cleaner, more sustainable future.

Securing exposure to the minerals that power the eMobility revolution represents a generational investment opportunity. Global Energy Metals believes now is the time to be part of the electrification movement.

On Behalf of the Board of Directors

“Mitchell Smith”
Chief Executive Officer & Director

For Further Information:

Global Energy Metals Corporation

Email: info@globalenergymetals.com

t. + 1 (604) 688-4219

www.globalenergymetals.com

Twitter: @EnergyMetals | @USBatteryMetals | @ElementMinerals

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, Global Energy metals undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.  

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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