GEMC:CC - Global Energy Metals CEO Provides Insight on How Shareholders Can Benefit as the Electric Revolution Strengthens in Exclusive Interview with Proactive
(TheNewswire)
Vancouver, BC - TheNewswire - May 12, 2022 - Global Energy MetalsCorporation ( TSXV:GEMC ) | ( OTC:GBLEF ) | ( FSE:5GE1 ) (“Global Energy Metals”, the“Company” and/or “GEMC ”), a company involved in investment exposure to the batterymetals supply chain, is pleased to announce that Proactive issued anexclusive interview with Mitchell Smith, President & CEO,and Director of Global Energy Metals .
Mitchell Smith shares insight in topics such as theworld’s transition away from fossil fuels, raw materials in thebattery supply chain, as well as his company’s strategy formonetizing Global Energy Metals assets.
" The world's largest economies are rampingup their climate ambitions and I think they're radically reimaginingtheir economies because of this. I'm not shy in saying that moreneeds to be done, not just with government but at all levels, but I'llemphasize that it all starts with investment. There's going to behurdles along the way but the direction is clear, now is the time. AndI keep saying this: now is the time to be part of this incredibleopportunity. It's a transition unlike we've ever seen before and Ithink Global Energy Metals and shareholders that follow along with usare going to benefit from it greatly as this electric revolutionstrengthens. ”
Read the full transcript of the interview below.
GlobalEnergy Metals CEO Says Shareholders Expected to Benefit Greatly asElectric Revolution Strengthens , Sean Mason - Senior Journalist,Proactive
Proactive: Governments around the world are pledging to end local sales ofgasoline-and-diesel-powered vehicles in favour of those usingzero-emission technologies, with some having drawn that line less than15 years from today. As far as electric vehicles are concerned, whatare the biggest challenges to realizing these goals?
Mitchell Smith: I'd say it comes downto three factors: investment; policy; and industry. Even with therecognition that there's a massive need to implement these private,public, and government initiatives, there's a significant disconnectin how we bridge that policy, investment, and industry to build outthe lithium-ion battery supply chain. Developing a thriving industrynot only depends on the growth of the individual parts of the valuechain, but really on building the connections between those individualparts.
I'm starting to see that this is really coming tofruition, with both local and foreign governments putting massiveamounts of capital to work to build new supply chains. We've seen thatwith Canada, with Australia, with the EU and obviously with the US.And I'm seeing the automotive industry and the battery manufacturersreally looking to secure long-term supply contracts to ensure rawmaterials are available. After many years in the space, I'm now seeingprivate and public capital being deployed into companies such asGlobal Energy Metals to see these critical metals projects advance.And I think this is just the start of the opportunity for investorsand shareholders, and why now is the opportunity to be gettingexposure to the sector.
Give us a sense of the current statusof raw materials in the battery supply chain, and how do future supplyscenarios match up with the demand from manufacturers of electricvehicles and other high-tech products?
The simple answer is that at current rates ofproduction the amount of raw material produced for the lithium-ionbattery sector will quickly be inadequate. As we've witnessed withprice volatility and growth in some of the key commodities such ascobalt, nickel, lithium and others, that future demand is starting toplay into the EV (electric vehicle) sector growth. The level of supplyfor this is multiple times less than the pace of growth for EV demand.This is only going to be exacerbated as the world transitions frominternal combustion to electric, and at the same time there's othernew energy technologies that are being developed that require thesekey ingredients. I think the takeaway from this is that new supplymust come online and with that it means investment in thespace.
Global Energy Metals is advancingprojects in North America, Europe and Australia. What is the rationalebehind operating in multiple jurisdictions?
As the saying goes, don't put all your eggs in onebasket. And in our case, don't pay for all those eggs to hatch usingyour own dollars. And this is really the approach that Global EnergyMetals is taking to this diversified commodity andjurisdictionally-wide approach to investment into the space. We'vepurposely diversified not only our commodity base, but we've beenstrategically selective in the jurisdictions that we are operating in.We have project positions in the world's top mining jurisdictions inclose proximity to emerging and existing battery manufacturingcapacity. These are two factors that I think play a really importantrole in us having a competitive advantage and strategic position inwhat's becoming an emerging Net Zero economy and because of thatthere's less need for transportation and material, and we think it can be produced in a cleaner fashion givenwhere we have operations. We've also taken a collaborative approach,where we're partnering with other industry peers, utilizing theirregional and technical expertise, as well as capital to advance ourprojects. And while we maintain project level exposure, we gain equityexposure in these companies and minimize dilution that would otherwisebe necessary to advance the assets. And, like I said, we still hold adiverse portfolio of highly-prospective assets providing ourshareholders with maximum exposure to the lithium-ion batterysector.
It must take a deep and talented teamto keep so many projects going. Tell us more about yourself and thepeople helping you to grow the company.
I'm very proud of the team we've been able to attractand build over the years. The company's management, advisors, theboard, and strategic partners all hold decades of combined experience,not only as mining, financial and technical experts, but also asleaders specifically in the lithium-ion battery industry. Take, forexample, our partnership with American Battery Technology Company andthe team they've assembled from the likes of Tesla, Apple and others.It's relationships like this that we benefit from, and so do ourshareholders. So, I feel very fortunate to be able to surround myselfwith leaders who share my passion and vision for the sector and whoare equally as dedicated to building a go-to battery metalscompany.
Mineral exploration companiestypically don’t have a near-term path to cash flow. What is yourstrategy for monetizing your assets?
Global Energy Metals provides shareholders exposure tobattery metals and the overall electrification mega trend. And we'redoing that through a three pillar strategy based on projectacquisition, monetization, exploration, and development, as well aspeer collaboration. We've been active in monetizing our non-coreprojects while we move forward with exploration on those that we feelare core to us. And in doing so, we benefit from the growth of thosenon-core assets through partners and gaining valuable exposure to notonly peer companies but the underlying projects, royalties and theassets they hold.
For example, the COVID pandemic made it veryrestrictive for travel, and that's to do any work in Australia,especially as a foreign country, never mind those within differentstates. We were still able to create value from our Australianprojects by first selling a small royalty to Electric Royalties for asizeable share position in that company, and we get the added benefitand exposure to battery metals such as lithium, graphite, manganese,and tin thru the 18 or so different royalties representing commoditiesthat we don’t directly hold in our portfolio. Now, further to that,we monetized the Millennium asset through a partnership with MetalBank, which is an ASX-listed company. They're joint venturing andearning an 80% interest through project spend of $3 million. Plus, weget $600,000 with their share equity. We did it again in Norway withour Råna Project with an incoming partner called Metals One and theircommitment to fund development. It’s a promising, past-producing nickel project in an emerging batterymanufacturing hub in Europe. So, it's a proven strategy that we haveand one that we feel gives our shareholders a diversified approach tothe sector, commodities and jurisdictions, but also minimizes dilutionand risk at the same time.
Finally, consumers have done a goodjob of adopting clean technologies, with electric vehicles sellingwell, and in many jurisdictions difficult to buy at present. Whatabout governments? What can governments do to ensure not onlycontinued adoption, but also that the inputs required to supportclean-tech industries are available, and reliably so?
The world's largest economies are ramping up theirclimate ambitions and I think they're radically reimagining theireconomies because of this. Policy is going to play an important rolein the development of the battery supply chain and adopting thephilosophy that critical minerals are going to get us to Net Zero isparamount. Governments across the globe are now awake and they'verealized that security of supply, something that we've been saying fora while now, is vital to their nation's economic and strategicwellbeing. They're now prioritizing this with funding and promise topermit in support of the facilitation of localized, or regionalized,electric vehicle materials supply chain. I'm not shy in saying thatmore needs to be done, not just with government but at all levels, butI'll emphasize that it all starts with investment. There's going to behurdles along the way but the direction is clear, now is the time. AndI keep saying this: now is the time to be part of this incredibleopportunity. It's a transition unlike we've ever seen before and Ithink Global Energy Metals and shareholders that follow along with usare going to benefit from it greatly as this electric revolutionstrengthens.
In addition, in collaboration with Amvest Capital, theCompany recently hosted a live webinar and Q&A with ProjectDevelopment Manager Timothy Strong who provided the audience with anupdate on recent milestones including the successful drillingresults from the area beneath the old workings that supportedunderground mining of high-grade cobalt, nickel andcopper along with insight as tonext steps and upcoming catalysts that it believes should provideshareholders with continued growth opportunities.
To watch the recording of the event please use thefollowing link or click on the image below:
The Amvest Capital -Global Energy Metals Webinar
Global Energy MetalsCorporation
(TSXV:GEMC |OTCQB:GBLEF | FSE:5GE1)
Global Energy Metals Corp. offersinvestment exposure to the growing rechargeable battery and electricvehicle market by building a diversified global portfolio ofexploration and growth-stage battery mineral assets.
Global Energy Metalsrecognizes that the proliferation and growth of the electrifiedeconomy in the coming decades is underpinned by the availability ofbattery metals, including cobalt, nickel, copper, lithium and otherraw materials. To be part of the solution and respond to thiselectrification movement, Global Energy Metals has taken a‘consolidate, partner and invest’ approach and in doing so haveassembled and are advancing a portfolio of strategically significantinvestments in battery metal resources.
As demonstrated withthe Company’s current copper, nickel and cobalt projects in Canada,Australia, Norway and the United States, GEMC is investing-in,exploring and developing prospective, scaleable assets in establishedmining and processing jurisdictions in close proximity to end-usemarkets. Global Energy Metals is targeting projects with low logisticsand processing risks, so that they can be fast tracked to enter thesupply chain in this cycle. The Company is also collaborating withindustry peers to strengthen its exposure to these criticalcommodities and the associated technologies required for a cleanerfuture.
Securing exposure tothese critical minerals powering the eMobility revolution is agenerational investment opportunity. Global Energy Metals believe thetime 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
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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.
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