GBLEF - Global Energy Metals Engages Qubex Capital as Financial Advisor
(TheNewswire)
Vancouver, BC - TheNewswire - January 18, 2021 - Global Energy MetalsCorporation ( TSXV:GEMC ) | ( OTC:GBLEF ) | ( FSE:5GE1 ) (“Global Energy Metals”, the“Company” and/or “GEMC ”) is pleased to announce that it has engaged Qubex CapitalInc. ("Qubex Capital") as financial advisor. Qubex willassist in reviewing various financing strategies and aiding in theidentification and evaluation of strategic proposals to strengthen theCompany’s exposure to the junior resource market focused within thebattery and clean energy sector, with a view to maximizing shareholdervalue.
Steven Velimirovic, Managing Diretorof Qubex comments:
“Qubex looks forward to workingwith Global Energy Metals and support their financial and strategicgrowth initiatives as they continue to build exposure and capitalizeon the the bullish battery metals market.”
Mitchell Smith,President, CEO and Director also comments:
“ We are pleased to have engaged aninnovative, resource focused firm to represent Global Energy Metals aswe take the next steps in maximizing investment exposure in thebattery supply chain. We look forward to working with Qubex toevaluate, develop and execute on financing strategies that are wellaligned with our business strategy.
Additionally webelieve that given Qubex’s extensive network that they will be wellpositioned to identify attractive business combination opportunitiesin industries related to electrification as well as in broaderdisruptive technology sectors, providing GEMC with an opportunity fortransformational growth and shareholder valuecreation. ”
Qubex Capital is an independent, full-service capitalmarkets company that through significant global experience andexposure to an extensive network of relationships with managementteams of public and private companies, private equity and venturecapital sponsors, other public investors, investment bankers andlenders across multiple sectors, including the mining, technology andtechnology services sectors, will provide M&A and financing advice which will be instrumental in Global Energy’s efforts.
Qubex Capital is headed by Mr. StevenVelimirovic who, having over 15 yearsof investment banking experience, has advised on a number of prominentM&A, equity and debt transactions totaling over USD $50 billion inthe mining industry. Mr. Velimirovic has devised and implementedvarious strategic advisory initiatives in major mineral resourcemarkets globally having formerly worked with BMO Capital Markets, UBSand Société Générale.
There can be no assurances that any transaction willresult from these matters and the Company will apprise shareholders ofany developments.
Werner Lake Update
CBLT Inc. (“CBLT”) has informed GEMC that it willnot be proceeding with the Werner Lake acquisition at this time aspreviously announced on November 26, 2020. Road access to Werner Lakeis only from Ontario through Manitoba and backinto Ontario to reach the property. This access issue means CBLT hasnot been able to, and for the foreseeable future will not be able to,complete its technical due diligence until the easing of restrictionsrelated to COVID-19, and as a result management cannot deliver acomplete due diligence report to CBLT’s board of directors.
Global Energy MetalsCorporation
(TSXV:GEMC |OTCQB:GBLEF | FSE:5GE1)
Global Energy Metals is focused onoffering investment exposure to the raw materials deemed critical forthe growing rechargeable battery market, by building a diversifiedglobal portfolio of battery mineral assets including project stakesand sector specific equity positions. GEMC anticipates growing itsbusiness through the acquisition and development of battery mineralprojects alongside key strategic partners. The Company holds 100%of the Millennium Cobalt Project and two neighbouring discovery stageexploration-stage cobalt assets in Mount Isa, Australia positioningit as a leading cobalt-copper explorer and developer in thefamed mining district in Queensland, Australia. The Company holds an85% interest in two battery mineral projects, the Lovelock CobaltMine and Treasure Box Project, located on the doorstep of theworld’s largest lithium-ion battery production plant, GigaNevadathat Tesla Motors Ltd. and partner Panasonic Corp. have built inNevada, USA. Additionally,the Company holds a 70% interest in the past-producing Werner LakeCobalt Mine project in Ontario, Canada.
For FurtherInformation:
Global Energy MetalsCorporation
#1501-128 West PenderStreet
Vancouver, BC, V6B 1R8
Email: info@globalenergymetals.com
t. + 1 (604) 688-4219 extensions236/237
www.globalenergymetals.com
Twitter: @EnergyMetals | @USBatteryMetals | @ElementMinerals
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 onoperations and the ability of others to meet their obligations,including uncertainties relating to the ultimate geographic spread ofthe virus, the severity of the disease, the duration of the outbreak,and the length of travel and quarantine restrictions imposed bygovernments of affected countries. In addition, a significant outbreakof contagious diseases in the human population could result in awidespread health crisis that could adversely affect the economies andfinancial markets of many countries, resulting in an economic downturnthat could further affect 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.
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