Global Battery Metals Ltd announced a non-brokered private placement financing of up to 9,090,910 units at a price of CAD 0.11 per Unit for aggregate gross proceeds of up to CAD 1,000,000 on April 27, 2023. Each Unit shall consist of one common share in the capital of the Company and one Share purchase warrant, whereby each Warrant shall be exercisable by the warrant holder to acquire one additional Share at a price of CAD 0.15 for a period of twenty-four months from the closing of the transaction. The finder's fee may be paid in cash or in securities of the Company in accordance with applicable securities laws and TSX Venture Exchange policies.

Completion of the transaction will be subject to receipt of all necessary regulatory approvals, including approval of the TSX Venture Exchange. It is anticipated that insiders of the Company may participate in the transaction. The securities issued in connection with the transaction will be subject to a statutory four-month hold period under applicable Canadian securities laws commencing on the Closing Date.