Global Energy Metals signs option agreement for Monument Peak silver-copper-gold Project, Idaho

Global Energy Metals Corp. [TSXV: GEMC; OTC: GBLEF; FSE: 5GE2], 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, reported that it, amongst others, has entered into an arm’s length option agreement dated April 24, 2026 with Grounded People Apparel Inc., traded on the CSE under symbol SHOE, to advance exploration and development at the company’s 50%-owned Monument Peak silver–copper–gold project in Lemhi County, Idaho.

Under the option agreement, the optionee has been granted a multi-stage option over a four-year term to acquire the optionor’s 100% interest in the Monument Peak Project, subject to a 1.0% net smelter returns royalty (NSR Royalty) retained by the company.

As consideration for vending its interest in the Monument Peak Project, Global Energy Metals will be entitled to receive $650,000 in cash and $750,000 in common shares of Grounded People Apparel Inc. in staged payments and issuances, in addition to a minimum of $250,000 in exploration expenditures to be incurred by the optionee within the first year.

The option agreement also provides the optionee the right to purchase one-half of the original NSR Royalty held by GEMC for cash consideration of $1,000,000 payable to GEMC, if exercised prior to the fifth anniversary of the effective date of the option agreement and for $2,000,000 payable to GEMC, if exercised on or after the fifth anniversary of the effective date. No finder’s fees were paid in association with this transaction.

The proposed transaction is expected to provide Global Energy Metals with non-dilutive exposure to exploration success at Monument Peak through a combination of cash payments, equity consideration, exploration expenditures, and a retained royalty interest.

Proposed Transaction Highlights: Four-Year Earn-In Structure: The Optionee may earn a 100% interest in the Monument Peak Project held by the optionors through staged cash payments, equity issuances, and exploration commitments over a four-year period.

Retained Royalty: GEMC will retain a 1.0% NSR Royalty on the Project upon exercise of the option subject to a buy back right.

Non-Dilutive Consideration: The structure provides exposure to Project upside through cash, equity participation, and exploration funding without shareholder dilution at the Company level.

Investor Rights Agreement: Following the closing date, the company will enter into an investor rights agreement to formalize its strategic investment by securing the right to appoint a nominee to the optionee’s board of directors, thereby ensuring ongoing oversight, alignment on key decisions, and the ability to actively contribute to the optionee’s growth and governance.

Mitchell Smith, President and CEO, Director commented: “This agreement represents a strategic step forward for Global Energy Metals as we continue to unlock value from our project portfolio while maintaining disciplined capital allocation. By partnering with Grounded People Apparel, we gain meaningful, non-dilutive exposure to the exploration and development upside at Monument Peak through a combination of cash, equity participation and a retained royalty. Importantly, this structure allows us to benefit from potential discovery success while preserving our balance sheet and focusing on advancing our broader battery metals strategy. We are also encouraged by the potential to consolidate ownership at the project level, which we believe could further enhance Monument Peak’s long-term development pathway.”

The Monument Peak Project is a district-scale silver–copper–gold exploration asset located in the mining-friendly jurisdiction of Idaho. The project comprises a large land package of unpatented mining claims prospective for polymetallic mineralization.

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.