Global Battery Metals Closes Private Placement Financing

About this update from Global Battery Metals Ltd.

Global Battery Metals Closes Private Placement Financing (TheNewswire)         Vancouver, British Columbia – March 2, 2026 - TheNewswire – 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, further to its news release of January 20, 2026, the closing of its non-brokered private placement offering of 7,000,000 units (the “Units” and each, a “Unit”) at a price of $0.09 per Unit raising gross proceeds of $630,000 (the “Offering”). Each Unit comprises one common share of the Company (“Share”) and one common share purchase warrant of the Company (“Warrant”), whereby each Warrant entitles the holder thereof to acquire one additional Share at a price of $0.12 per Share until March 2, 2029.   No finder’s fees were applicable and the Company intends to use the proceeds raised from the Offering to cover expenses involved in future project evaluation and for general working capital purposes.   All securities issued in connection with the Offering are subject to a statutory hold period expiring July 3, 2026, being the date that is four months and a day from the date of issuance in accordance with applicable securities laws. The Offering remains subject to final acceptance by the TSX Venture Exchange.    Certain directors and officers of the Company participated in the Offering, specifically (i) Michael Murphy, Chief Executive Officer and Director of the Company, purchased 1,000,000 Units, (ii) Craig Roberts, Director of the Company, purchased 670,000 Units, and (iii) Alan Matthews, Director of the Company, purchased 83,000 Units. Such participation by insiders is 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 relied 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 distributed to insiders, and the consideration receive...

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