GBLEF - Global Energy Metals Joins European Raw Materials Alliance in Support of Establishing Battery Metal Supply Security in Europe Following Strategic Acquisition of Past-Producing Nickel-Copper-Cobalt Mine in Norway

July, 12 2021 09:07 AM Global Energy Metals

(TheNewswire)

Vancouver, BC - TheNewswire - July 12, 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 report that it has joined the European Raw Materials Alliance (ERMA) as momentum accelerates andpolicymakers and industry participants support the establishment ofstrategic autonomy and sovereignty with respect to security of supplyof the critical raw materials enabling the transition to a globallycompetitive green economy.

Mitchell Smith,President & CEO commented:

“ The European Raw Materials Alliance willbe an important instrument for Europe as the world shifts towardsgreen and technology-focused economies. Global Energy Metals is verymuch aligned with ERMA’s strategy and believes that Global EnergyMetals is well positioned to benefit from and be an intrinsic part ofthe sustainable and dependable supply of raw materials needed tosupport the green transition, especially in light of our recentstrategic acquisition of the Råna and past-producing Bruvann Mineprojects in the battery manufacturing hub, Norway. We are delighted tobe collaborating with ERMA and fellow alliancepartners.”

The European Raw Materials Alliance (ERMA), co-foundedby the European Commission, aims to make Europe economically moreresilient by diversifying its supply chains, creating jobs, attractinginvestments to the raw materials value chain, fostering innovation,training young talents and contributing to the best enabling frameworkfor raw materials and the Circular Economy worldwide.

ERMA addresses the challenge of securing access tosustainable raw materials, advanced materials, and industrialprocessing know-how. By 2030, ERMA’s activities will increase theproduction of raw and advanced materials and address the CircularEconomy by boosting the recovery and recycling of Critical RawMaterials. More specifically, ERMA will:

- Bolster the creation of environmentally sustainableand socially equitable innovations and infrastructure

- Implement a Circular Economy of complex products likeelectric vehicles, clean tech, and hydrogen equipment

- Support Europe’s raw materials industry capability,to extract, design, manufacture and recycle materials

- Promote innovation, strategic investment, andindustrial production across specific value chains

ERMA’s vision is to secure access to critical andstrategic raw materials, advanced materials, and processing know-howfor EU Industrial Ecosystems. The alliance will involve all relevantstakeholders, including industrial actors alongthe value chain, Member States and regions, trade unions, civilsociety, research and technology organizations, investors and NGOs.Learn more about ERMA and their activities by clicking here .

Global Energy Metals Enters Europewith Strategic Interest in Past-Producing Nickel-Copper-CobaltProject

With a limited number of quality nickel sulphideprojects available worldwide, Global Energy Metals recently acquireda strategic interest in the Råna project located in an emergingbattery manufacturing hub in Northern Norway. The project portfolioincludes three exploration licences including the past producingBruvann Nickel Mine in the R å na mafic-ultramaficintrusion (Arnes, Bruavatnet andR å nbogen) and a fourth exploration licence (Krokelva), thatlies outside the intrusion, west of the Bruvann Nickel mine(collectively “ The R å na Project ”). The RånaProject is prospective for nickel, copper and cobalt and is open-endedin three directions that have been under-explored.

Råna represents one of the few drill-ready, low capexClass-1 nickel opportunities globally that has strong mining potentialand exploration upside and presents as an opportunity as a futuresource of material suitable for the rechargeable battery sector. Global Energy Metals intends to work alongside its co-owner partner,to attract strategic alliances to fund project development at theRåna Project while leveraging its interest to create shareholdervalue through exploration success.

The R å na Projectlicence area totals 25km 2 and is located on the south shore of Ofotfjord, which isice-free year-round, 2km away from a shipping dock, with work forceand infrastructure in place and in close proximity to a growingend-user market including FREYR AS , a Norwegian incorporated company that is developingenvironmentally friendly lithium-ion based battery cell facilities inMo i Rana, Northern Norway.

For further details on the terms of theacquisition and details of the R å na Project andpast-producing Bruvann Nickel Mine, please refer to theCompany ’ s news releasedated July 8,2021 , April 6,2021 and February 17,2021 .

Global Energy MetalsCorporation

(TSXV:GEMC | OTC: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 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

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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.

We seek safeharbour.

Company Name:	Global Energy Metals
Stock Symbol:	GBLEF
Market:	OTC
Website:	globalenergymetals.com