Global Energy Metals Reports Significant Near-Surface Graphite At Millennium Project

(TheNewswire)

Vancouver, BC -TheNewswire - February 24, 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 significantnew Total Graphitic Carbon (“TGC”) assay results reported by joint ventureoperating partner Metal Bank Ltd., (“Metal Bank”and/or “MBK”) from four diamond drill holes completed in December2025 at the Millennium Copper-Cobalt-Gold projectnear Cloncurry, Queensland, Australia.

The MillenniumProject is a cornerstone asset within Global Energy’s battery andcritical mineral portfolio, with graphite now emerging as a potentialvalue-enhancing byproduct alongside the existing copper-cobalt-goldresource. Global Energy holds a 49% interest in Millennium and isfully carried on exploration spend as part of Metal Bank’s earn-infor 80% of Millennium.  

Highlights:

• High-grade near-surface graphiteintersected in recent drilling  

• Diamond drill core resultsinclude: 

  • MI25DD03:  

    • 13.1m @ 12.23% TGC from 1m 

    • 3.7m @ 18.49% TGC from 38.64m 

    • 49.11m @ 8.44% TGC (including 10.4m@ 13.83% TGC and 7.38m @ 10.59% TGC) 

  • MI25DD04:  

    • 14.3m @ 8.68% TGC from surface(including 3.5m @ 15.52% TGC)  

    • 3.7m @ 22.19% TGC from45.8m 

    • 30.85m @ 14.11% TGC from60.4m 

• Millennium holds a JORC 2012 MineralResource Estimate (“MRE”) of 8.4Mt @ 0.09% Co, 0.29% Cu and0.12g/t Au for a 1.23% CuEq* on an Inferred basis (the “Resource”)covering 5 granted mining leases near Cloncurry, NW QLD. 

• Drill results provide additional strong support for thick continuous graphitemineralisation along 2km strike located ~50m west of and parallel to MillenniumCo-Cu-Au resource 

• Drilling and assaying was majorityfunded under a Queensland Government Collaborative ExplorationInitiative (CEI) grant, demonstrating strong governmentsupport. 

• Preliminary metallurgical work ongraphite samples is now underway. 

*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%

Drilling has confirmed thick, near-surface graphitemineralisation, highlighted by 13.1m @ 12.23% TGC from 1m in MI25DD03and 30.85m @ 14.11% TGC from 60.4m in MI25DD04. The graphite zonesoccur adjacent to the existing Millennium pit design for the existingCo-Cu-Au Inferred Resource and, when combined with drilling completedin 2024, support the interpretation of laterally continuousmineralisation extending over more than 2km of strike.

The mineralisation remains open in all directions and,given its shallow position, presents potential low-strip ratiodevelopment opportunities, subject to further drilling andmetallurgical assessment.

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Figure 1:Millennium graphite plan overview showing 2023 Co-Cu-Au MRE outline,graphite extent, drilling to date and notable graphite results.

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Figure 2:MI25DD03 7722950N section showing simplified lithology, drill tracesand results, Millennium mineralised structure, 2023 Co-Cu-Au MRE blockmodel and scoping study pit shell.

Graphite Drilling ProgramSummary

Four HQ diamonddrill holes (MI25DD01–04) for a total of 462.8m were completed inDecember 2025 (Figure 1), following the 2024 identification ofsubstantial hanging wall graphite mineralisation extending overapproximately 2km of strike adjacent to the Millennium Co-Cu-Au JORC2012 Mineral Resource Estimate (MRE) of 8.4Mt @ 1.23% CuEq on anInferred basis.

Drillingtargeted a 750m strike of limited prior work within the graphitemineralised zone directly adjacent to the 2023 optimised pit shellmodels of the Co-Cu-Au MRE.  All holes were oriented west–east anddrilled perpendicular to the dominant stratigraphy, to maximise truewidth intersections.

The program wasmajority funded under a Queensland Government CEI grant (up to$275,000 including GST), with the key objectives to better define thedistribution, continuity and characteristics of graphitemineralisation, together with resampling of historical core related tothe Co-Cu-Au deposit for graphite and preliminary metallurgicalassessment.

MI25DD01intersected predominantly mafic to ultramafic units, with only anarrow graphitic interval returning 1.1m @ 6.22% TGC from 99.4m.MI25DD02 intersected multiple carbonaceous to graphiticmetasedimentary units interbedded with mafic and calc-silicatelithologies, returning 12.1m @ 8.19% TGC from 83.9m within broaderlower-grade graphitic intervals.

MI25DD03(Figures 1-3) intersected several thick graphitic units near surface,returning:

• 13.1m @ 12.23%TGC from 1m 

• 3.7m @ 18.49%TGC from 38.6m, and 

• 49.11m @ 8.44%TGC from 51.27m, including 10.4m @ 13.83% TGC from 55.6m and 7.38m @10.59% TGC from 93m

  
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Figure 3:Example graphite development in coherent carbonaceousmetasiltstone/shale (MI25DD03, 71.7m).

MI25DD04(Figures 1, 4-5) intersected strongly graphitic units from surfaceprogressing to intercalated graphitic metasediments, quartz veiningand minor mafic volcanics before a highly graphitic zone from 45.8 to49.5m corresponding to a strongly graphitic metasedimentary unitbetween mafic/ultramafic intrusives. Thick graphitic metasedimentswere also intersected from 60.4m to 91.25m before calcsilicates, mafic andminor carbonaceous/graphitic units to end of hole.

Results fromMI25DD04 included:

• 14.3m @ 8.68%TGC from surface, including 3.5m @ 15.52% TGC from surface 

• 3.7m @ 22.19%TGC from 45.8m, and 

• 30.85m @ 14.11%TGC from 60.4m 

A full summaryof results is provided in Table 1.

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Table 1: Millennium 2025 graphitedrilling results, MI25DD01-04.

Preliminary observations indicate that graphitemineralisation at Millennium is fine-grained and interpreted to haveformed through metamorphic upgrading of carbonaceous siltstones. Thedistribution and local enrichment of graphite appear to be influencedby proximity to mafic units, potentially reflecting thermal effects,competency contrasts and structural remobilisation.

Subject to metallurgical confirmation, theseobservations will assist in refining future graphite targeting.

Approximately 2km in strike of prospective lithologiesremain open to the west of the Millennium Co-Cu-Au resource, graphiteis known within the footwall and core of the Millennium Structure, andgraphite mineralisation is considered amenable to IP and resistivitygeophysical methods in areas of limited surface exposure providing aneffective drill targeting tool.

Figure 4:MI25DD04 7722750N section showing simplified lithology, drill tracesand results,

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Next Steps

Planned work programs include:

• Ongoing preliminary metallurgical testing of graphitemineralisation 

• Resampling of historical core for graphiteanalysis 

• Additional drilling to define continuity andscale 

• Advancement of mining lease applications 

• Continued development planning for integratedmulti-commodity production 

Further updates will be provided as results becomeavailable.

Figure 5: Highgrade graphitic metasediment zone returning 3.7m @ 22.19% TGC(MI25DD04,

Click Image To View Full Size

QualifiedPerson

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.

For FurtherInformation:

Global EnergyMetals Corporation

Email:[email protected]

t. + 1 (604)688-4219

www.globalenergymetals.com

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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 essentialraw materials. To help address this challenge and participatemeaningfully in the electrification movement, Global Energy Metals hasadopted a disciplined consolidate, partner and invest strategy,assembling and advancing a portfolio of strategically significantbattery metal investments.

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, scalableassets located in established mining and processing jurisdictions,often in close proximity to end-use markets. The Company prioritizesprojects with 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.

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