Global Energy Metals Corporation (TSXV: GEMC | OTC: GBLEF | FSE: 5GE2) announced on October 28, 2026 that multiple high-priority uranium exploration targets have been identified at the Charlot-Neely Lake project in northern Saskatchewan, following completion of an airborne geophysical survey by Terra North Resources Corp. The results build on preliminary radiometric anomalies highlighted by the company in September 2026, further defining prospective areas within the historic Beaverlodge uranium district. Global Energy Metals holds a 0.5% Net Smelter Return royalty across Terra North's approximately 594 km² Saskatchewan uranium portfolio, providing exposure to exploration progress without directly funding fieldwork.

Key Points

  • Global Energy Metals Corporation (TSXV: GEMC | OTC: GBLEF | FSE: 5GE2)
  • Multiple high-priority uranium anomalies identified at Charlot-Neely Lake, located approximately 20 kilometres north of Uranium City, Saskatchewan
  • Global Energy Metals retains a 0.5% NSR royalty across approximately 594 km² covering four Saskatchewan uranium properties: Charlot-Neely Lake, Fontaine Lake, Snowbird, and South Pendleton
  • Terra North plans follow-up prospecting and sampling to evaluate the identified targets

Airborne Survey Outlines Uranium Anomalies at Charlot-Neely Lake

The completed airborne geophysical survey, conducted by Terra North Resources Corp., has outlined several uranium anomalies at Charlot-Neely Lake, situated within the Beaverlodge uranium district. The targets are associated with geological structures considered favourable for uranium mineralisation. According to the release, the anomalies remain early-stage exploration targets requiring additional investigation. Terra Balcanica Resources Corp. (CSE: TERA), which announced the results on October 27, 2026, is the party through which Terra North is advancing the project. The technical information was reviewed by qualified person Mr. Paul Sarjeant, P. Geo., a director and shareholder of Global Energy Metals.

Global Energy Metals' 0.5% NSR Royalty Across Saskatchewan Uranium Portfolio

Global Energy Metals holds a 0.5% NSR royalty across Terra North's approximately 594 km² Saskatchewan uranium land package, encompassing Charlot-Neely Lake, Fontaine Lake, Snowbird, and South Pendleton. The royalty structure allows the company to maintain exposure to potential uranium discoveries and development activity without incurring direct exploration expenditures. President and CEO Mitchell Smith stated the arrangement aligns with the company's broader strategy of retaining strategic royalty interests that provide opportunities for long-term shareholder value creation, as quoted in the announcement.

Follow-Up Fieldwork Planned to Evaluate High-Priority Targets

According to the release, Terra North intends to advance follow-up exploration, including prospecting and sampling, to further evaluate the identified uranium targets and determine priorities for future work. The Charlot-Neely Lake project is located approximately 20 kilometres north of Uranium City within the historically significant Beaverlodge uranium district. The company noted that its royalty portfolio complements its core focus on U.S. copper exploration and strategic asset consolidation across its North American critical minerals operations.