Global Energy Metals Announces Exploration Permit Application Lodged at Millennium Project

(TheNewswire)

Vancouver, BC -TheNewswire - February 18, 2026 - Global Energy Metals CorporationTSXV:GEMC | OTC:GBLEF | FSE:5GE2 (“Global Energy Metals”, the“Company” and/or “GEMC”), a multi-jurisdictional, multi-commoditycritical mineral exploration, development and project-generatingcompany focused on growth-oriented projects supporting the globaltransition to the new energy economy, is pleased to report that,through the Millennium Joint Venture, an Exploration Permit forMinerals (“EPM”) has been applied for over two key sub-blockssurrounding the existing Millennium Copper-Cobalt-Gold-Graphite miningleases. Refer to news release dated February 18,2026 by strategic partner, ASX-listed Metal BankLtd., (“Metal Bank” and/or“MBK”).

Highlights:

• Millennium holds a JORC 2012 MineralResource Estimate (MRE) of 8.4Mt @ 0.09% Co, 0.29% Cu and 0.12g/t Aufor a 1.23% CuEq* on an Inferred basis covering 5 granted miningleases near Cloncurry, NW QLD. 

• A new Mining Lease was applied forin 2025 over the “gap zone” between two of the Southern ML’s andadditional land required for operational and infrastructurerequirements.  

• An Exploration Permit applicationhas also been submitted to secure adjoining areas for additionalproject growth. 

• Global Energy holds a 49% interestin Millennium and is fully carried on exploration spend as part ofMetal Bank’s earn-in for 80% of the Millennium. 

*CuEq = Cu% +(Co% x 9.16) + (Au g/tx 0.678) using long term metal prices of Cu: US$3.50/lb ($7,716/t);Co:US$32.00/lb ($70,547.84/t); Au: US$1,900/oz; Cu recovery=95.1%; Corecovery=95.3%; Au recovery=81.4%; Cu payability=80%; Co payability =80%; Au payability = 80%

Mitchell Smith,President and CEO of Global Energy Metals Corp.comments:

“The applicationfor this Exploration Permit for Minerals represents an important stepin advancing near-term growth opportunities ahead of the pendingmining lease grant. Subject to approval, the EPM will allow ouroperating partner to commence targeted drilling aimed at expanding andfurther defining the existing Mineral Resource, while continuing toprogress toward mine planning studies. We believe these work programshave the potential to enhance project economics and incrementallyde-risk the development pathway. Millennium’s exposure to multiplecritical minerals — cobalt, copper, gold and graphite — combinedwith the recently announced processing MOU between Metal Bank andAustral Resources, reinforces the project’s strategic value and itscontribution to Global Energy’s broader growth objectives.”

The Opportunity

This is a strategic step to unlock near-term upside.The proposed program includes drill testing a 200m x 200m “gapzone” within the current mining lease area where the existingresource is interpreted to continue — as well as testing potentialgraphite extensions to the west.

If granted, the EPM provides theopportunity to expand the current Co-Cu-Au Resource and further definegraphite targets on an accelerated timeline, while the broader mininglease application advances.  This initiative reflects a disciplinedapproach to resource growth and value creation, positioning Millenniumfor potential scale expansion while maintaining regulatory complianceand technical rigor.

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Figure 1: Map showing Millenniumgranted MLs, EPM Application area and the area covered by MLA100483

Millennium Project

The Millennium Copper CobaltGold Graphite Project is beingadvanced by operating partner Metal Bank through its wholly ownedsubsidiary, MBK Millennium Pty Ltd and is earning an 80% interest inMillennium in joint venture with Element Minerals Australia Pty Ltd, awholly owned subsidiary of Global Energy Metals Corporation(TSX:GEMC). Millennium holds a 2012 JORC Inferred Resource across 5granted Mining Leases with significant potential for resourceexpansion. Additionally, graphite has been identified over >2kmstrike length within and adjacent to the existing JORC Resource. MBKsubmitted an application for an additional mining lease (ML) atMillennium in 2025 to facilitate further exploration and operationsfor both Co-Cu-Au and graphite resources.

This application area consists of some 159Ha whichencompass the southern granted leases and

importantly includes the Gap Zone, a previouslyinaccessible 200m x 200m area not included in

the current MRE.

Previous RC drilling of this Gap Zone in 2013 and 2014demonstrated strong mineralisation continuity on the Millennium Trend,including downhole results of 23m @ 0.48% Cu, 0.16% Co and 0.16g/t Aufrom 16m (Q-001) and 13m @ 0.53% Cu, 0.30% Co and 0.24g/t Au from 40m(Q-014). The additional lease also encompasses further area to thewest to cover potential extensions of graphite mineralisation, and tothe east for operational infrastructure.

Please refer toASX:CYU announcement 4 December 2013: ‘Completion of InitialCopper/Gold Drilling Program and Millennium – Large Mineral SystemIdentified’ and ASX:CYU announcement 23 July 2014: ‘June 2014Quarterly Report’.

The additional lease also encompasses further area tothe west to cover potential extensions of

graphite mineralisation, and to the east foroperational infrastructure.

In line with this, Metal Bank, in full support byGlobal Energy Metals, is assessing the potential for further value tobe unlocked from the Millennium Project via developing the graphitepotential over the coming months. This includes additional surfacemapping and sampling, metallurgical testing to determine recovery,graphite flake size, sphericity and purity, including this currentdrill program to refine near term scope for an Exploration Targetand/or Mineral Resource. 

The Company looks forward to the results from thepreviously announced drilling program (referto GEMC news release dated November 28, 2025) and will keep shareholders informed as to the progress ofthe mining lease application in due course.

Qualified Person

Mr. Paul Sarjeant, P. Geo., the qualified person forthis release as defined by National Instrument 43-101 - Standards ofDisclosure for Mineral Projects, has reviewed and approved this newsrelease.  He is a shareholder and Director of the Company.

ForFurther Information:

Global Energy Metals Corporation

Email: [email protected]

t. + 1 (604) 688-4219

www.globalenergymetals.com

Twitter: | |

Global Energy MetalsCorporation

(TSXV:GEMC |OTCQB:GBLEF | FSE:5GE1)

Global Energy Metals Corp. providesinvestors with direct exposure to the rapidly expanding new energymarket through the development of a diversified, global portfolio ofexploration and growth-stage critical mineral assets.

The Companyrecognizes that the accelerating electrification of the global economyis fundamentally dependent on the secure supply of critical batterymetals, including cobalt, nickel, copper, lithium and other essential rawmaterials. To help address this challenge and participate meaningfullyin the electrification movement, Global Energy Metals has adopted adisciplined consolidate, partner and invest strategy, assembling andadvancing a portfolio of strategically significant battery metalinvestments.

Through its copper,nickel, cobalt, silver, lithium and uranium projects in Canada,Australia, Norway and the United States, Global Energy Metals isinvesting in, exploring and developing prospective, scalable assetslocated in established mining and processing jurisdictions, often inclose proximity to end-use markets. The Company prioritizes projectswith low logistical and processing risk, positioning them foraccelerated development and potential entry into the battery supplychain within the current cycle.

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

Securing exposure tothe minerals that power the eMobility revolution represents agenerational investment opportunity. Global Energy Metals believes nowis the time to be part of the electrification movement.

Cautionary Statement on Forward-LookingInformation:  

Certain information in this release may constitute forward-lookingstatements under applicable securities laws and necessarily involverisks associated with regulatory approvals and timelines. AlthoughGlobal Energy Metals believes the expectations expressed in suchforward-looking statements are based on reasonable assumptions, suchstatements are not guarantees of future performance and actual resultsor developments may differ materially from those in theforward-looking statements. Except as required by law, Global Energymetals undertakes no obligation to update these forward-lookingstatements in the event that management’s beliefs, estimates oropinions, or other factors, should change.  

For more information on Global Energy and the risks and challengesof their businesses, investors should review the filings that areavailable 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 thisrelease.

We seek safe harbour.

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