Global Energy Metals Enters Option Agreement for Monument Peak Project

Vancouver, BC — January 14, 2026 — Leads & Copy — Global Energy Metals Corporation has entered into a non-binding letter agreement with Zimtu Capital Corp. for a proposed option agreement to advance exploration and development at the Monument Peak silver–copper–gold project in Idaho, USA.

Under the proposed Option Agreement, Zimtu (or an approved assignee) would be granted a multi-stage option over a four-year term to acquire Global Energy Metals’ entire 50% interest in Monument Peak, subject to a 1.0% net smelter returns royalty in favor of the Company.

The transaction provides Global Energy Metals with non-dilutive exposure to exploration success at Monument Peak through cash payments, equity consideration, exploration expenditures, and retained royalty interest.

Mitchell Smith, President and CEO, Director of Global Energy Metals, said the agreement with Zimtu provides a compelling pathway to unlock the mineral potential at Monument Peak while preserving meaningful upside for Global Energy Metals. Smith added that the transaction aligns with their disciplined growth strategy—monetizing non-core assets for cash, equity, and exploration investment, while retaining long-term exposure through a 1% NSR royalty and share ownership, and that proceeds will strengthen their balance sheet and support the evaluation of new growth opportunities.

Pursuant to the Option Agreement, Zimtu, an arm’s-length party to the Company, may earn a 100% interest in Global Energy Metals’ 50% ownership in Monument Peak by making a series of cash payments, share issuances, and exploration expenditures, as outlined below (all amounts in Canadian dollars):

Option Payments and Milestones:

1. Initial Payment (Closing): $50,000 in cash; Issuance of 100,000 common shares of Zimtu (or its assignee); Payable within 90 days of TSX Venture Exchange approval; If the Option is assigned prior to Closing, the share consideration will be adjusted to reflect a value of $100,000 in shares of the assignee at Closing.

2. First Milestone Payment: Upon the earlier of: The first anniversary of Closing, or Public announcement confirming completion of two (2) drill holes on the Project Zimtu (or assignee) will: Pay $150,000 in cash; Issue shares having a deemed value of $150,000.

3. Second Milestone Payment: Upon the earlier of: The second anniversary of Closing, or Public announcement confirming completion of ten (10) drill holes Zimtu (or assignee) will: Pay $200,000 in cash; Issue shares having a deemed value of $250,000.

4. Third Milestone Payment: Upon the earlier of: The fourth anniversary of Closing, or Public announcement of a new mineral resource estimate Zimtu (or assignee) will: Pay $250,000 in cash; Issue shares having a deemed value of $250,000.

Zimtu (or its assignee) must incur a minimum of $1,000,000 in direct exploration expenditures on the Project within 12 months of Closing, subject to permitting timelines and site access.

Should the Option be assigned, the parties will enter into an Investor Rights Agreement, under which Global Energy Metals will have the right to nominate one board member of the assignee, subject to Zimtu’s prior consent, for a period of 16 months from Closing.

Upon exercise of the Option, Global Energy Metals will retain a 1.0% NSR royalty on the Project. 0.5% of the NSR may be repurchased by the Optionee for $1,000,000 within the first five years, or $2,000,000 thereafter.

Any shares issued to Global Energy Metals under the Option Agreement will be subject to applicable resale restrictions. In addition, the Company has agreed to a voluntary 12-month hold period on all shares received under the agreement.

The Option Agreement is non-binding and remains subject to the execution of definitive documentation and approval of the TSX Venture Exchange.

The Monument Peak Project consists of 84 contiguous, unpatented lode mining claims totalling approximately 689.77 hectares. The Project hosts two historical copper mines, Jackson and Hungry Hill, which saw limited production in the early 1900s.

Historical and modern exploration has confirmed the presence of high-grade copper–silver ± gold mineralization along a 3+ kilometre northwest–southeast structural trend.

Notable results from prior programs include: Grab samples ranging from 1% to 20.9% copper and 3.4 to 305 g/t silver; 2021 sampling results including: 5.61% Cu and 42.8 g/t Ag (Sample 15140); 4.63% Cu, 17.40 g/t Au and 175 g/t Ag (Sample 151408).

These results are derived from historical and surface sampling and are not necessarily indicative of future mineral resources. Further details are available in the Company’s news releases dated September 9, 2021 and March 23, 2022.

Zimtu Capital Corp. is a public investment issuer that aspires to achieve long-term capital appreciation for its shareholders. Zimtu Capital companies may operate in the fields of mineral exploration, mining, technology, life sciences or investment. The Company trades on the TSX Venture Exchange under the symbol “ZC” and Frankfurt under symbol “ZCT1”.

Mr. Paul Sarjeant, P. Geo., is the qualified person for this release as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

For Further Information:
Global Energy Metals Corporation
#1501-128 West Pender Street
Vancouver, BC, V6B 1R8
Email: info@globalenergymetals.com
t. + 1 (604) 688-4219

Mitchell Smith, President and CEO

Source: Global Energy Metals