Global Energy Metals Corporation announced a non-brokered private placement to issue 3,000,000 common shares of the price of CAD 0.1 per common share for gross proceeds of CAD 300,000 on July 20, 2023. The transaction will include participation Gleason & Sons LLC along with directors and officers will acquire common shares under the offering. The company anticipates closing of the offering as soon as practicable and is subject to receipt of all necessary regulatory approvals including the TSX Venture Exchange.

The common shares will be issued on a private placement will be subject to a statutory hold period of four months and one day from the date of issuance. The company may pay a finder's fee of 5% in connection with a portion of the offering in accordance with the policies of the TSX Venture Exchange and subject to receipt of Exchange approval.