GBLEF - Global Energy Metals and American Battery Metals Corporation Align to Bolster North American Mineral and Energy Independence

(TheNewswire)

Vancouver, BC - TheNewswire - September 22, 2021 - GlobalEnergy Metals Corporation ( TSXV:GEMC ) | ( OTC:GBLEF ) | ( FSE:5GE1 ) (“Global Energy Metals”, the “Company” and/or“GEMC ”), a company involvedin investment exposure to the battery metals supply chain, is pleasedto announce the entering of a collaborative agreement with AmericanBattery Metals Corporation (OTCQB: ABML ) to expand the company’s scope by developing solutions tomanufacture nickel and cobalt battery metals domestically in additionto its existing work on domestic lithium product manufacturing. American Battery Metals Corporation is an American-owned lithium-ionbattery recycling technology and advanced battery metal extractioncompany with mineral resources in Nevada, which is in the process ofchanging its name to American Battery Technology Company (“ABTC”). The companies will evaluate strategic cooperative opportunities thatcould enable securing a stable supply of battery minerals critical forthe electrification of vehicles and energy storage to the NorthAmerican market.

Highlights

• - Collaborative agreement enteredinto between GEMC and ABTC,

  - ABTC expands primary battery metalextraction development to include nickel and cobalt resources inaddition to lithium, and

  - GEMC to supply raw material fromits Lovelock and Treasure Box projects in Nevada to undergo ABTC’sin-house procedure of developing new first-of-kind processes forproducing battery cathode grade nickel and cobalt metal sulfates, and

  - Evaluatingstrategic cooperative opportunities that could enable securing astable supply of battery minerals critical for the electrification ofvehicles and energy storage to the North American market.

“ We are truly excited to be collaboratingwith American Battery Technology Company, given the shared vision bothcompanies have in securing and building a North American supply ofcritical and strategic battery minerals while using technology tosupport the future of electrified transportation," said Mitchell Smith, President & CEO of GlobalEnergy Metals Corp. “The combination of ABTC’sleading-edge extraction technology development processes with GlobalEnergy’s portfolio of nickel and cobalt projects creates mutuallybeneficial opportunities that could bolster and secure a much neededsupply of minerals deemed “critical” by the Canadian and USgovernments. ”

“ Our partnership between American BatteryTechnology Company and Global Energy Metals Corporation represents acomplementary and actionable effort towards establishing a NorthAmerican supply of critical and strategic materials that will fuel theglobal transition towards an electrified and domestic closed-loopcircular economy,” said ABTC’s CEO andCTO Ryan Melsert. “While our lithium-ion batteryrecycling facilities will be first to market and allow us to makean immediate impact on addressing these global challenges, byallocating the bench scale resources now to also be developingprocesses for the production of battery grade nickel and cobalt fromprimary materials we will be in the position to subsequentlycommercialize this additional set of technologies. ”

For the last two years, the ABTC team has worked todevelop an in-house process to extract battery-grade lithium fromdomestic Nevada based deposits.  The company has owned land andleased mining claims with lithium bearing resources throughout Nevadafor many years, however simply having access to battery metalresources does not in itself contribute to addressing our globalchallenges.  The majority of brine and surface sedimentary depositsin Nevada are considered unconventional, as their concentrations oflithium and the mechanisms by which the lithium is deposited withinthese host sites are very different than at established commercialscale lithium product manufacturing sites.  As a result, applyingexisting conventional process flowsheet technologies to theseresources would have resulted in extraction and conversion processesthat were not economically competitive in the current market.

To address this challenge, when the ABTC team evaluatedbrine and surface sedimentary resources over the past two years, itchose to develop new first-of-kind processes based on first-principlesphysics that were specifically targeted at these types of lithiumbearing resources rather than adopt existing conventional processes. The resulting development efforts through analytical modeling, benchscale empirical trials, and techno-economic analyses led to ABTC’scurrent in-house developed process for the manufacturing of batterygrade lithium hydroxide from Nevada-based surface sedimentary lithiumbearing resources that is currently being scaled up to a 5 metrictonne per day field demonstration system through the support of agrant from the US Department ofEnergy’s Advanced Manufacturing Office Critical Materialsprogram .

The domestic production of battery grade lithiummaterials is extremely important to supporting the burgeoning batterymanufacturing industry, however it isn’t the only critical orstrategic battery metal required.  As a result, ABTC is excited tohave entered into a collaborative agreement with GEMC in order toundergo a similar procedure of developing new first-of-kind processesfor producing battery cathode grade nickel and cobalt metal sulfatesfrom Nevada-based resources held by GEMC.  This fundamentaldevelopment work will consist of rigorous thermodynamic analyticmodeling, bench scale empirical trials, and techno-economic analysesto quantify the competitiveness of the developed process flowsheetsagainst current market conditions, as highlighted by ABTC’s CEO and CTO Ryan Melsert in this linked videointerview.

In parallel to the development stage work of itsbattery metal extraction technologies division, ABTC will continue tofocus on the construction and commercialization of its lithium-ionbattery recycling pilot plant in Fernley, NV., currently in the final pre-construction, permitting stage.When operations commence, ABTC’s pilot plant will be scaled toprocess 20K metric tons of feedstock per year, which will producebattery grade materials to be redeployed into the North Americanbattery supply chain.

About American Battery MetalsCorporation

American Battery Metals Corporation (OTCQB:ABML) is uniquely positioned to supply batterymetals through its three divisions: lithium-ion battery recycling,battery metal extraction technologies, and primary resourcesdevelopment. The Company issued a publicstatement outlining itsprincipled approach to executing its ambitious business plan.

American Battery Technology Companyhas built a clean technology platform that increases production ofprimary metals used in the batteries that power electric cars, gridstorage applications, and consumer electronics and tools. The greenplatform creates a circular economy for battery metals that championsethical and environmentally sustainable sourcing of criticalmaterials.

Global Energy MetalsCorporation

(TSXV:GEMC |OTCQB:GBLEF | FSE:5GE1)

Global Energy Metals Corp. offers investment exposure to the growingrechargeable battery and electric vehicle market by building adiversified global portfolio of exploration and growth-stage batterymineral assets.

Global Energy Metals recognizes thatthe proliferation and growth of the electrified economy in the comingdecades is underpinned by the availability of battery metals,including cobalt, nickel, copper, lithium and other raw materials. Tobe part of the solution and respond to this electrification movement,Global Energy Metals has taken a ‘consolidate, partner and invest’approach and in doing so have assembled and are advancing a portfolioof strategically significant investments in battery metalresources.

As demonstrated with the Company’scurrent copper, nickel and cobalt projects in Canada, Australia,Norway and the United States, GEMC is investing-in, exploring anddeveloping prospective, scaleable assets in established mining andprocessing jurisdictions in close proximity to end-use markets. GlobalEnergy Metals is targeting projects with low logistics and processingrisks, so that they can be fast tracked to enter the supply chain inthis cycle.  The Company is also collaborating with industry peersto strengthen its exposure to these critical commodities and theassociated technologies required for a cleaner future.

Securing exposure to these criticalminerals powering the eMobility revolution is agenerational investment opportunity. Global Energy Metals believe thethe time to be part of this electrification movement.

For FurtherInformation:

Global Energy MetalsCorporation

#1501-128 West PenderStreet

Vancouver, BC, V6B 1R8

Email: info@globalenergymetals.com

t. + 1 (604) 688-4219

www.globalenergymetals.com

Twitter: | |

Subscribe to the GEMCeNewsletter

Cautionary Statementon Forward-Looking Information:

Certain informationin this release may constitute forward-looking statements underapplicable securities laws and necessarily involve risks associatedwith regulatory approvals and timelines. Although Global Energy Metalsbelieves the expectations expressed in such forward-looking statementsare based on reasonable assumptions, such statements are notguarantees of future performance and actual results or developmentsmay differ materially from those in the forward-looking statements.Except as required by law, the Company undertakes no obligation toupdate these forward-looking statements in the event thatmanagement’s beliefs, estimates or opinions, or other factors,should change.

GEMC’s operationscould be significantly adversely affected by the effects of awidespread global outbreak of a contagious disease, including therecent outbreak of illness caused by COVID-19. It is not possible toaccurately predict the impact COVID-19 will have on operations and theability of others to meet their obligations, including uncertaintiesrelating to the ultimate geographic spread of the virus, the severityof the disease, the duration of the outbreak, and the length of traveland quarantine restrictions imposed by governments of affectedcountries. In addition, a significant outbreak of contagious diseasesin the human population could result in a widespread health crisisthat could adversely affect the economies and financial markets ofmany countries, resulting in an economic downturn that could furtheraffect operations and the ability to finance itsoperations.

For more informationon Global Energy and the risks and challenges of their businesses,investors should review the filings that are available atwww.sedar.com.

Neither TSX VentureExchange nor its Regulation Services Provider (as that term is definedin the policies of the TSX Venture Exchange) accepts responsibilityfor the adequacy or accuracy of this release.

We seek safeharbour.

Copyright (c) 2021 TheNewswire - All rights reserved.