Global Energy Metals to Acquire Luna Energy, Expanding Uranium Portfolio

September 10, 2025 — Leads & Copy — Global Energy Metals Corporation is set to acquire Luna Energy Ltd., pending TSX Venture Exchange approval. The acquisition aims to significantly expand Global Energy Metals' uranium sector presence, providing access to uranium projects in a mining-friendly jurisdiction.

Mitchell Smith, President and CEO, Director, highlighted the collaboration's potential to enhance exposure to uranium discoveries amid rising global demand driven by nuclear energy's clean power source proliferation.

Luna's project portfolio focuses on the uranium potential within the Paraná sedimentary basin in Paraguay since 2023. Luna controls a large under-explored uranium land position in South America, along with lithium and critical mineral assets.

The transaction involves Global Energy Metals acquiring all Luna's shares, making it a wholly-owned subsidiary. After a share consolidation, Luna's shares will be exchanged for 7,239,870 common shares of Global Energy Metals. A financing of up to $2,000,000 is planned at $0.15 per unit, with proceeds for exploration and working capital.

Post-transaction, Global Energy Metals anticipates approximately 37,466,235 common shares outstanding, with 81% held by current shareholders and investors, and 19% by Luna shareholders.

Investors are cautioned that the Letter of Intent is non-binding and completion is subject to conditions, including Exchange acceptance and financing.

Luna Energy Ltd., founded in 2021, focuses on uranium exploration in the Paraná sedimentary basin in Paraguay. Its largest shareholder is Fiduc Group. Luna’s subsidiary has applications covering 14 Prospection Permits in southeastern Paraguay.

Mitchell Smith, President and CEO, Director

Email: info@globalenergymetals.com

Website: www.globalenergymetals.com

Twitter: @EnergyMetals | @USBatteryMetals | @ElementMinerals

Source: Global Energy Metals Corporation