GEMC:CC - Global Energy Metals Provides Update On Portfolio Companies

July, 11 2024 08:30 AM Global Energy Metals Corporation

(TheNewswire)

Vancouver, BC /TheNewswire / July 11, 2024 / Global Energy Metals CorporationTSXV:GEMC | OTCQB:GBLEF | FSE:5GE1 (“Global Energy Metals”, the“Company” and/or “GEMC”) , a multi-jurisdictional, multi-commoditycritical mineral exploration, development and project generatingcompany focused on growth-oriented projects supporting the globaltransition to clean energy, is pleased to provide an update on therecent activities of its portfolio companies.

Through themonetization of non-core assets, GEMC has assembled a portfolio ofhigh-quality, high-upside equity investments in industry peersproviding our shareholders a diversified approach to the resourcesector, multiple commodities and jurisdictions.

Metal Bank Ltd. (ASX:MBK) — GEMCholds 13,541,000 common shares

Australian Portfolio

Drilling program underway at the Millennium project inQueensland aimed at testing Fountain Range-Quamby Fault Zone potentialand increasing existing Cu/Co Resources.
Note that GEMC holds a 49% interest in the Millenniumproject
Gold and REE potential to be reviewed at Livingstoneand Nanular projects in WA

Jordan

Applications for two new copper exploration areas inJordan have been submitted.
Initial field program completed over new copperporphyry target area in Jordan.

Saudi Arabia

Positive initial meetings held with Saudi Governmentdepartments – potential projects of interest identified.
MBK now engaging in Licensing Rounds for keyexploration projects in Saudi Arabia.

For more information on the abovedevelopments please refer to MBK’s June 4, 2024 ASX announcement .

High-Tech Metals Ltd. (ASX:HTM) —GEMC holds 2,500,000 common shares

HTM to commence desktop review of the Werner LakeProject compiling all available historical data and newly acquireddata.
Desktop review to prepare for future exploration of theWeber Lake Project to unlock potential value.
Note that GEMC sold its 70% interest in Werner Lake aspart of HTM raising AUD $4.718M on its IPO to the ASX in January2023.
HTM to relinquish Ketete LCT Project inEthiopia.

For more information on the abovedevelopments please refer to HTM’s June 28, 2024 ASX announcement .

Electric Royalties Ltd. (TSXV:ELEC |OTCQB:ELECF) — GEMC holds 1,150,000 common shares

ELEC is a royalty company established to take advantageof the demand for a wide range of commodities (lithium, vanadium,manganese, tin, graphite, cobalt, nickel, zinc and copper) that willbenefit from the drive toward electrification of a variety of consumerproducts: cars, rechargeable batteries, large scale energy storage,renewable energy generation and other applications.
ELEC has a growing portfolio of 40 royalties inlithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc andcopper across the world and interests in 32 lithium properties inOntario, Canada.
ELEC is focused predominantly on acquiring royalties onadvanced stage and operating projects to build a diversified portfoliolocated in jurisdictions with low geopolitical risk, which offersinvestors exposure to the clean energy transition via the underlyingcommodities required to rebuild the global infrastructure over thenext several decades toward a decarbonized global economy.

For the most recent update on theroyalties held by ELEC, including four projects held by GEMC(Millennium, Mount Dorothy, Cobalt Ridge and Råna), please visittheir newsrelease section of their website linked here .

Marquee Resources Ltd. (ASX:MQR) —GEMC holds 257,178 common shares

West Spargoville(WSP) & Yindi Projects

Ground gravitydata acquisition, processing and interpretation has now beencompleted.

• Results fromthe surveys show good correlation between gravity low features andmapped pegmatites which have defined multiple new targets.

• Thecompletion of the gravity surveys represents the final stage of remotesensing data acquisition as the Company moves towards the next phaseof drill testing.

• The Companyaims to complete ~3,000m of RC drilling at WSP in H1-FY2025.

• At Yindi, a2,335-hole auger sampling is to commence followed by

up to ~5,000m ofRC drilling in H1-FY2025 with a focus at Yindi being multiple,kilometre scale, gold in soil and lithium anomalies.

Reddings REEProject

Contractormobilising to commence a further 2,000m RC drilling campaign todelineate a surficial mineral resource.

• The drillprogram follows previous drilling results which include:

o 5m @ 9,100ppmTREO from surface, inc. 2m @ 18,600ppm TREO from 2m (MQRC041).

o 14m @ 980ppmTREO from surface (MQRC170).

• Results fromrecent and historical work indicate the potential for multiple zonesof shallow mineralisation.

For the most recent update on theportfolio of projects held by MQR please visit their announcements section of their website linkedhere .

Terra Balcanica Resources Corp.(CSE:TERA) — GEMC will, subject to regulatory approval, becompensated with the equivalent of C$150,000 in shares in Terra andgranted a 0.5% NSR over the Saskatchewan based project portfolio onclosing.

TERA enteredinto a definitive option agreement with a wholly owned subsidiary of FulcrumMetals Plc. , (“Fulcrum”, AIM:FMET) to acquire a 100%interest in Fulcrum’s uranium portfolio of exploration licenceslocated in northern Saskatchewan, Canada and collectively encompassing596.71 km 2 of highly prospectiveground for a uranium discovery.
The assetscomprise a 100% optioned portfolio of uranium-prospective licences atthe outskirts of the world-renowned Athabasca basin: Charlot-NeelyLake, Fontaine Lake, Snowbird, and South Pendleton.

For more information on the abovedevelopments please refer to TERA’s July 3, 2024 news release and/or GEMC’s July 3, 2024 news release .

Sceptre Ventures Inc. (TSXV:SVP) —GEMC holds 637,000 common shares

SVP is classified as a Capital Pool Company (“CPC”)as defined in the TSX Venture Exchange (the “TSX-V”) Policy 2.4(the "CPC Policy").
The company’s principal business will continue to bethe identification and evaluation of assets or businesses with a viewto completing a Qualifying Transaction.
No recent news to report.

In addition tothe above noted securities held by GEMC, the Company has identifiedand is advancing a diversified pipeline of battery mineral projectholdings in safe, top-tier mining jurisdictionsproviding investors a way to accelerate investment into the globalmarket mega-trend opportunity.

Summary of Project andSubsidiary Company Holdings:

100% ownership of U.S. Battery Minerals Corp., whichholds an 100% interest in two battery mineral projects, the LovelockMine and Treasure Box Project located in Nevada, USA;
100% interest in Element Minerals Australia Pty Ltd ACN138 488 909, an Australian company that is the 49% beneficial owner ofthe Millennium Cobalt-Copper-Gold Project and 20% beneficial interestin two neighbouring discovery stage exploration-stagecobalt-copper-gold assets, Mt. Dorothy and Cobalt Ridge, all locatedin Mount Isa, Australia;
- GEMC is free-carried as Metal BankLtd earns an 80% interest in Millennium.
- GEMC is also free-carried on Mt.Dorothy and Cobalt Ridge until a Feasibility Study is produced by JVpartner Hammer Metals.
10% ownership of Narvik Nikel, which holds an 100%interest in the Råna Nickel-Copper-Cobalt project, Norway;
- Kingsrose Mining has committed andis earning up to an 80% interest by spending $15 million in projectexpenditures.
- For the most recent update on theportfolio of projects, including Råna, held by KRM please visit their mediaand announcements section of their website linkedhere
50% interest in the Monument PeakCopper-Silver project in Idaho, USA;and
50% interest in the Chance Lake and Amiralprojects in Quebec, Canada.

Summary of RoyaltyHoldings:

1% NSR royalty on the Råna Nickel-Copper-Cobaltproject, Norway;
1% NSR royalty on the Mount Dorothy project,Australia;
1% NSR royalty on the Cobalt Ridge project, Australia;and
0.5% NSR royalty on the Charlot-Neely Lake, FontaineLake, Snowbird, and South Pendleton uranium projects, Canada (Closingpending - see above).

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

Twitter: | |

Global Energy MetalsCorporation

(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.

Company Name:	Global Energy Metals Corporation
Stock Symbol:	GEMC:CC
Market:	TSXVC
Website:	globalenergymetals.com