Global Battery Metals Announces Private Placement Financing

About this update from Global Battery Metals Ltd.

Global Battery Metals Announces Private Placement Financing (TheNewswire)    Vancouver, British Columbia – TheNewswire - January 20, 2026 – Global Battery Metals Ltd. (the “Company” or “GBML”) (TSXV: GBML; OTCQB: REZZF; Frankfurt: REZ0), an international critical mineral exploration company focused on growth-oriented lithium, copper and battery metal projects, announces a non-brokered private placement (the “Offering”) of up to 7,000,000 units (the “Units” and each, a “Unit”) at a price of $0.09 per Unit for gross proceeds of up to $630,000. Each Unit will comprise one common share of the Company (“Share”) and one common share purchase warrant of the Company (“Warrant”), whereby each Warrant will entitle the holder thereof to acquire one additional Share at a price of $0.12 per Share for a period of three years from the date of issuance.   The Company intends to use the net proceeds raised from the Offering to cover expenses involved in future project evaluation and for general working capital purposes. Finder’s fees may be applicable.   All securities to be distributed in connection with the Offering will be subject to a statutory hold period of four months from the date of issuance in accordance with applicable securities laws. The Offering is subject to TSX Venture Exchange acceptance.    Certain directors and officers of the Company may acquire securities under the Offering. Such participation will be considered a “related party transaction” as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company anticipates that it will rely on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 as the fair market value of the securities to be distributed to insiders, and the consideration to be received by the Company for such securities, will not exceed 25% of the Company's market capitalization.   The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities l...

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