Global Battery Metals Announces Completion of Settlement for Leinster Lithium Project

About this update from Global Battery Metals Ltd.

Global Battery Metals Announces Completion of Settlement for Leinster Lithium Project (TheNewswire) Vancouver, British Columbia – April 2, 2025 – TheNewswire - Global Battery Metals Ltd. (the “ Company ” or “ GBML ”) (TSXV: GBML; OTCQB: REZZF; Frankfurt: REZ), an international critical mineral exploration company focused on growth-oriented lithium, copper and battery metal projects, announces that further its news release of November 25, 2024, termination of the mutual obligations under an original letter of intent on October 28, 2018, the first amendment dated April 16, 2020, and the second amendment  dated August 15, 2022 (together, the “ LOI ”) between the Company, LRH Resources Limited (“ LRHR ”) and Technology Minerals PLC (“ TM1 ”), the parent company of LRHR is now complete, in accordance with the terms of the Settlement Agreement entered into between the parties dated as of October 11, 2024. The Company is in receipt of an aggregate of 255,926  fully paid shares of Critical Metals Corp., a company listed on NASDAQ under security symbol ‘CRML’ (the “ Consideration Shares ”) and GBML’s interest in the Leinster Lithium Project (the “ Project ” or the “ Property ”) in Ireland has now been deemed transferred to LRHR. The Company’s outstanding exploration expenditures in the amount of €377,327.29 (the “ GBML Payable ”) were also settled in Consideration Shares which were issued directly to the creditors.  For clarity, the Consideration Shares paid to GBML were net of satisfying the GBML Payable. About Global Battery Metals Ltd. GBML is an international mineral exploration and development company with a focus on lithium, copper and other metals that comprise and support the rapid evolution to battery power. GBML currently maintains economic interests in two battery metal projects: (1) a 100% interest in the drill-ready Lithium King Property in Utah; and (2) a 55% stake in Peru-based Lara Copper Property, which has over 10,000 metres of drilling. As previously disclosed, Minsur S.A., a Peruvian mining company, entered into an option agreement with GBML and Lara Exploration Ltd. to acquire the Lara copper property for staged payments of USD$5.75 million. GBML will retai...

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