Member Info for dai2belts

So $10m is shares might be due, voting 31st Jan, then TSX approval, and a share transfer date expiration 28th Feb...

Could we see a good rise from now to 31st or TSX approval

Can't see a video link to see the voting ahead of the herd...

Those who say No, don't vote No., maybe ???

"In order to validly exercise Dissent Rights, any such registered Shareholder must not vote any Common Shares in respect of which Dissent Rights have been exercised in favour of the Sale Resolution,......

Page 16

https://gbml.ca/site/assets/files/5612/2024-12-30-gbml-2025-management-information-circular.pdf

Those who say no

"Registered Shareholders have the right to dissent with respect to the Sale Resolution. If the Sale Resolution becomes effective, registered Shareholders who dissented have the right to be paid the fair value of their Common Shares"

https://gbml.ca/site/assets/files/5612/2024-12-30-gbml-2025-notice-of-meeting.pdf

Friday, January 31, 2025, at 10:00a.m. (Pacific Time)

GBML

TSX-V Approval

Upon closing of the sale, the Company intends to remain listed on the TSX-V, and will continue looking for opportunities to acquire new assets ?????

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Based on the closing price of the Critical Metals Shares of US$6.47 on the date of the announcement of the sale and transfer of the GBML Interest and the issuance of a total of 284,362 Critical Metals Shares on completion of the sale and transfer of the GBML Interest, the Company would receive approximately US$1,839,822 million of Critical Metals Shares (or approximately C$2,572,071 million of Critical Metals Shares based on the daily exchange rate as quoted by the Bank of Canada on November 25, 2024 of US$1.00 = C$1.3980) as share consideration (in addition to the satisfaction of €377,327.29 of debt) for the sale of the GBML Interest. To date, the Company has: (i) incurred €1,371,135 (C$2,032,371) of exploration expenditures; (ii) paid €15,000 (C$22,759) of cash acquisition costs; and (iii) issued 385,000 Common Shares valued at C$42,350 to exercise the first and second options to acquire the GBML Interest and keep the property in good standing. Accordingly, the value of the Critical Metals Shares to be issued as consideration by TM1 exceeds the underlying value of the assets being transferred by the Company and therefore demonstrates evidence for value in accordance with Policy 5.3.

The acceptance of a transaction by the TSX-V should not be interpreted to mean that the TSX-V has in any way passed an opinion upon the merits of the transaction. Upon closing of the sale of transfer of the GBML Interest, the Company intends to remain listed on the TSX-V, and will continue looking for opportunities to acquire new assets and/or pursue strategic alternative

----------------

$10m.....\\

TM1 "The Settlement Agreement remains subject to TSX-V approval and approval by Global Battery Metals Ltd shareholders at an annual and special meeting of shareholders to be held in January 2025."

========================

Meeting is 31st Jan

GBML Share holders will be asked to sell almost all of the companies assets, they must be talking just Leinster ?????

7. to consider and, if deemed advisable, to pass, with or without variation, a special resolution to approve the sale of all or substantially all of the assets of the Company to LRH Resources Limited (the “Sale Resolution”). The full text of the Sale Resolution is set forth in the accompanying Circular; and

https://gbml.ca/site/assets/files/5612/2024-12-30-gbml-2025-notice-of-meeting.pdf

===========================

7. SALE OF THE COMPANY’S LEINSTER LITHIUM PROJECT

Introduction

At the Meeting, Shareholders will be asked to consider and, if deemed advisable, to pass, with or without variation, a special resolution (the “Sale Resolution”) approving the sale of the Company’s 55% interest in the Leinster Lithium Project (the “GBML Interest”) to LRH Resources Limited (“LRHR”), a wholly- owned subsidiary of Technology Minerals Plc (LSE: TMI) (“TM1”), in consideration for the transfer by TM1 to the Company of 284,362 common shares of Critical Metals Corp. (the “Critical Metals Shares”), a Nasdaq-listed mining development company focused on critical metals and minerals. The sale and transfer of the GBML Interest will represent a sale of all or substantially all of the assets of the Company pursuant to subsection 184(3) of the OBCA, as more particularly described below.

February 28, 2025.

......The Critical Metals Shares to be transferred will be subject to a contractual restriction on transfer expiring on February 28, 2025.

Vote For

Based on the foregoing factors, the Board recommends that Shareholders vote FOR the Sale Resolution at the Meeting.

TSX-V Approval

The sale and transfer of the GBML Interest constitutes a “Reviewable Disposition” as that term is defined in Policy 5.3 – Acquisitions and Dispositions of Non-Cash Assets of the TSX-V (“Policy 5.3”). As such, the sale and transfer of the GBML Interest is subject to the acceptance of the TSX-V. Since the and transfer of the GBML Interest represents a sale of more than 50% of the Company’s assets.....

Next bit,,,to follow

I think I could get it to sub 4p, especially repeating the same message daily

Too many CEO write updates that are true but miss out the most important point so that 50km^2 maybe true but not the main reason.. but thats just a conspiracy at the moment...

Remember DMs, the audit is 90% complete, which sounded like they were motoring.... but the important point was they could not complete the last 10% as the engine was in bits..

I wonder if thats behinds todays Tm1 blip

Would you want this in your back yard....

https://www.innovationnewsnetwork.com/assessing-the-environmental-impact-of-spodumene-mining-and-processing/14157/

ALL, could it reach a new before next blip or news ?

@Kev, somebody has gone LARGE

22-Jan-25 15:55:21 3.40 3,995,000 Buy* 3.30 3.50 135.83k

Vote to buy...

Possible multi-Bagger news......

Feb, the vote to sell Leinster is due..

Anybody thought about that announcement as initially TM1's payment of ~1.3m shares @`$8 will be worth +$10m...

I noticed there was no suggestion above 2000 but I was looking at a vertical to horizontal well upgrade, it suggested multiple increases but the vertical had a low flow rate. so 50-80 bopd increased to 1350 over 10,000ft

https://youtu.be/8B3KWSG8WPs?t=3308

There it is "2.5% royalty to Mosman. "

and

"Georgina remains fully funded and is working towards drilling approval from DEMIRS and drilling the Hussar prospect"

===========

Georgina is entitled to 100% of the returns from any future production,

less a modest 2.5% royalty to Mosman.

Additional production royalties will include 10% of sales receipts, less certain deductions, to the Northern Territory Gov.

c.3-4% (negotiable) on the same basis to the Central Land Council, benefiting the relevant Traditional Owners.

Odd, that 1 trade bot is now a buyer that skews the chart...

Wish I paid more attention and checked the real spread

could it be real tight

https://invst.ly/18jrcm

Thats my weakness, taking profit, .. I bought the last low and did'nt take the opportunity to sell as thought the permit would come as mislead...

What's your thoughts on ALL ?

They managed 2000 boepd from a 130ft section, the lateral is planned to be 5500ft...

Anyone any ideas, if 2000 was the max rate of the 130ft section how does that translate across to a 5500ft section ?

Suspended how long ?

Maybe 2022....

Maybe get a non working interest in a producer.. they would be nothing do except for AGM time, and then you just get somebody to hash the previous years presentation, and get pi s sed after the AGM get together :)