GEMC:CC - Global Energy Metals Invites Shareholders and Interested Parties to Meet Management at PDAC 2024 in Toronto March 3-6
(TheNewswire)
Vancouver, BC -TheNewswire - March 1, 2024 - Global Energy Metals Corporation ( TSXV:GEMC ) | ( OTC:GBLEF ) | ( FSE:5GE1 ) (“Global Energy Metals”, the “Company” and/or“GEMC”) , a multi-jurisdictional, multi-commodity critical mineralexploration and development company focused on growth-oriented metalprojects supporting the global transition to clean energy, invitesshareholders and other interested parties to meet with management atthe Prospectors & Developers Association ofCanada’s (PDAC) Convention at the Metro TorontoConvention Centre (MTCC) from Sunday March 3 to Wednesday March 6,2024.
Mitchell Smith, President and CEO comments:
“Global Energy has been at the forefront of creating a batteryminerals and clean energy-focused vehicle since inception and is fullyengaged in building on our foundation while strengthening our exposureof holdings core to the global transition towards a lower-carboneconomy. In doing so we are assessing ways to generate moreopportunities, unlock additional value from our existing projectportfolio and create long-term growth for shareholders. We lookforward to meeting with you at PDAC.”
GEMC recently announced that it has entered into a non-bindingLetter of Intent (the “Agreement”) with the wholly ownedsubsidiary of Fulcrum Metals Plc, (“Fulcrum”) a companywith shares that are quoted on the AIM market of the London StockExchange . Pursuant to theAgreement, Global Energy Metals will acquire a 0.5% royalty on netsmelter returns (the “NSR”) in Fulcrum’s Charlot-Neely, Fontaine Lake, Snowbird and SouthPendleton uranium projects (collectively the“Projects”) located in Saskatchewan, Canada. GEMC will also begranted an option to acquire a 19.9% interest in the Projects as moreparticularly described in the GEMC news release dated January 30,2024 . Working with Fulcrum, Global Energy willfurther evaluate options for the projects including the securing of astrategic operational partner to apply their technical andjurisdictional expertise to advance these North American uraniumprojects at a such a critical time in the nuclear powersector.
GEMC has a strongportfolio of project, security and royalty interests with exposure tothe key commodities that wil benefit from the electrified future:
• 100% interest in Element Minerals Australia Pty Ltd ACN 138 488 909,an Australian company that is the 49% beneficial owner of theMillennium Cobalt-Copper-Gold Project and 20% beneficial interest intwo neighbouring discovery stage exploration-stage cobalt-copper-goldassets, Mt. Dorothy and Cobalt Ridge, all located in Mount Isa,Australia. GEMC is free-carried as Metal Bank Ltd earns an 80%interest in Millennium. GEMC is also free-carried on Mt. Dorothy andCobalt Ridge until a Feasibility Study is produced by JV partnerHammer Metals;
• 100% ownership of U.S. Battery Minerals Corp., which holds an 100%interest in two battery mineral projects, the Lovelock Mine andTreasure Box Project located in Nevada, USA;
• 10% ownership of Narvik Nikel, which holds an 100% interest in theRåna Nickel-Copper-Cobalt project, Norway. Kingsrose Mining hascommitted and is earning up to an 80% interest by spending $15 millionin project expenditures;
• 13,541,000 common shares in Metal Bank Ltd. representing 3.8%interest in the issued and outstanding equity of Metal Bank Ltd., apublicly traded issuer on the Australian SecuritiesExchange;
• 2,500,000 common shares in High-Tech Metals Ltd. representing 7.6%interest in the issued and outstanding equity of High-Tech MetalsLtd., a publicly traded issuer on the Australian SecuritiesExchange;
• 1,350,000 common shares in Electric Royalties Ltd., a publiclytraded issuer, representing a 1.4% equity interest in the issued andoutstanding equity of Electric Royalties Ltd;
• 637,000 common shares in Sceptre Ventures Inc., representing 5.3%interest in the issued and outstanding equity of Sceptre VenturesInc., a capital pool company on the TSX VentureExchange;
• 257,178 common shares in Marquee Resources Ltd. representing 0.06%interest in the issued and outstanding equity of Marquee ResourcesLtd., a publicly traded issuer on the Australian SecuritiesExchange;
• 50% interest in the Monument Peak Copper-Silver project in Idaho,USA;
• 50% interest in the Chance Lake and Amiral projects in Quebec,Canada;
• 1% NSR royalty on the Råna Nickel-Copper-Cobalt project, Norway;
• 1% NSR royalty on the Mount Dorothy project, Australia;and
• 1% NSR royalty on the Cobalt Ridge project, Australia.
For thoseattending the conference who would like to schedule a meeting with , during the event or alternatively would liketo schedule a one-on-one meeting outside of the event, please do so byemail at info@globalenergymetals.com or phoneat +1 (604)688-4219 .
ForFurther Information:
Global Energy Metals Corporation
#1501-128 West Pender Street
Vancouver, BC, V6B 1R8
Email: info@globalenergymetals.com
t. + 1 (604) 688-4219
www.globalenergymetals.com
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Global Energy Metals Corporation
(TSXV:GEMC |OTCQB:GBLEF | FSE:5GE1)
Global Energy MetalsCorp. offers investment exposure to the growing rechargeable batteryand electric vehicle market by building a diversified global portfolioof exploration and growth-stage battery mineral assets.
Global Energy Metals recognizes that the proliferation and growth ofthe electrified economy in the coming decades is underpinned by theavailability of battery metals, including cobalt, nickel, copper,lithium and other raw materials. To be part of the solution andrespond to this electrification movement, Global Energy Metals hastaken a ‘consolidate, partner and invest’ approach and in doing sohave assembled and are advancing a portfolio of strategicallysignificant investments in battery metal resources.
As demonstrated with the Company’s current copper, nickel andcobalt projects in Canada, Australia, Norway and the United States,GEMC is investing-in, exploring and developing prospective, scaleableassets in established mining and processing jurisdictions in closeproximity to end-use markets. Global Energy Metals is targetingprojects with low logistics and processing risks, so that they can befast tracked to enter the supply chain in this cycle. The Companyis also collaborating with industry peers to strengthen its exposureto these critical commodities and the associated technologies requiredfor a cleaner future.
Securing exposure to these critical minerals powering the eMobilityrevolution is a generational investment opportunity. Global EnergyMetals believes Now is the Time to be part of this electrificationmovement.
Cautionary Statement on Forward-LookingInformation:
Certain information in this release may constitute forward-lookingstatements under applicable securities laws and necessarily involverisks associated with regulatory approvals and timelines. AlthoughGlobal Energy Metals believes the expectations expressed in suchforward-looking statements are based on reasonable assumptions, suchstatements are not guarantees of future performance and actual resultsor developments may differ materially from those in theforward-looking statements. Except as required by law, the Companyundertakes no obligation to update these forward-looking statements inthe event that management’s beliefs, estimates or opinions, or otherfactors, should change.
GEMC’s operations could be significantly adversely affected by theeffects of a widespread global outbreak of a contagious disease,including the recent outbreak of illness caused by COVID-19. It is notpossible to accurately 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 information on Global Energy and the risks and challengesof their businesses, investors should review the filings that areavailable at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider(as that term is defined in the policies of the TSX Venture Exchange)accepts responsibility for the adequacy or accuracy of thisrelease.
We seek safe harbour.
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