(TheNewswire)
Vancouver, BC - TheNewswire - July18, 2023 - Global EnergyMetals Corporation ( TSXV:GEMC ) ( OTC:GBLEF ) ( FSE:5GE1 ) (“Global Energy Metals”, the “Company” and/or“GEMC”) , a multi-jurisdictional,multi-commodity critical mineral exploration and development companyfocused on growth-oriented battery metal projects supporting theglobal transition to clean energy, is pleased to provide a corporateupdate.
As a result of multiple project monetization events, including the generationof two new royalties to the GlobalEnergy Metals’ portfolio as well as several non-dilutiveproject advancements , the Company wasrecently informed that Stefan Gleason, a Charlotte-based entrepreneurwho owns and leads several privately held businesses in the UnitedStates including Money Metals ExchangeLLC , has taken a significantin-market interest in the Company having acquired 14.18% of the issuedand outstanding Shares on an as converted and partially dilutedbasis.
Gleason is also the managing Director of Gleason& Sons LLC which invests in equity aswell as provides credit facilities to mining royalty companies.
Commenting on taking a strategicposition in GEMC, Mr. Gleason said:
" Over the past year, Global Energy Metalshas strategically pivoted to creating royalties and establishing jointventures, enabling it to diversify its battery metals exposure whilereducing its internal costs amid today's difficult capital market formining equities. With two new royalties created just last week, allof Global's projects other than Nevada-based Lovelock and Treasure Boxare proceeding under joint-venture arrangements - with its partnersresponsible for virtually all exploration and developmentexpenditures. I believe this deeply undervalued Company is also ripefor a strategic partnership or transaction. "
GEMC welcomes Mr. Gleason as a significant shareholderand looks forward to continue to execute on strategy of securingexposure to the battery supply chain through its current portfolio ofprojects and future opportunities it is evaluating.
For further details, please refer to the filing made onthe Company’s SEDAR pagelinked here .
In addition, the Company is pleased toreport that High-Tech Metals Limited (“High-Tech”), an equityinvestee of GEMC, has announced technical andgeological consultants have successfully progressed fieldwork and samplingwithin the key target areas at its Werner Lake Cobalt Project locatedin north- westernOntario.
This follows the successful orientation groundgeophysical program, ( Refer to High-Tech’sASX Releases dated 20th April 2023 and 26th May2023 ) which was pivotal inidentifying potential mineral deposits and improving our understandingof the geological structure of the area.
Finalization of targeting for Phase II is now completewith results from the sampling program, to provide additional data fora second round of electromagnetic surveying leading to a High-Techplanned maiden drilling program.
In January 2023 GEMC completed the divestment of its70% interest in the Werner Lake Project to High-Tech. The Companycurrently holds 2.5 million High-Tech shares representing a 7.61%interest in the ASX company. See news release linked here:
For further details regarding the Werner Lake CobaltProject, including the project updates, highlights, images and maps,please see High-Tech Metals website https://hightechmetals.com.au/ .
Global Energy is also benefiting from projectadvancement by joint venture partner Kingsrose MiningLimited (“Kingsrose”), whichrecently announced the commencement of at the Råna nickel-copper-cobalt sulphideproject in Nordland County, Norway. Kingsrose has committed up to $15 million in stagedexploration to advance this highlyprospective past producing mining area which has not been exploredwith modern methods.
Gleason & Sons
Gleason &Sons is a Charlotte-based family limited liability company which holdsand manages debt, equity, and real estate investments.
High-Tech Metals Limited
High-Tech Metals Limited (ASX:HTM) is an ASX-listedcompany focused on the exploration and development of its flagship,100 per cent owned Werner Lake Cobalt Project (the Project) located innorth-western Ontario, within the Kenora Mining District,approximately 85 km north-northwest of Kenora, Ontario andapproximately 170 km east-northeast of Winnipeg, Manitoba. The Projectwas acquired from Global Energy Metals Corporation (70%) and MarqueeResources Limited (30%).
Kingsrose Mining Limited
Kingsrose is a leading sustainability-conscious andtechnically proficient mineral exploration company listed on the ASX.The Company has a discovery-focused strategy, targeting theacquisition and exploration of critical mineral deposits having Tier-1potential, that has resulted in the acquisition of, or joint ventureinto, the Råna nickel-copper-cobalt, Penikat PGE and PorsangerPGE-nickel-copper projects in Finland and Norway. Additionally,Kingsrose has been selected for the first cohort of the BHP Xplorexploration accelerator program which commenced in January2023.
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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Global Energy Metals Corporation
(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 believesNow is the Time to be part of this electrificationmovement.
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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