(TheNewswire)
Vancouver, BC - TheNewswire - May 20, 2021 - GlobalEnergy Metals Corporation ( TSXV:GEMC ) | ( OTC:GBLEF ) | ( FSE:5GE1 ) (“Global Energy Metals”, the “Company” and/or“GEMC ”), a company involvedin project level investment exposure to the battery metals supplychain, is pleased to announce it has, subject to regulatory approval,retained Venture Liquidity Providers Inc. (“VLP”) to initiate itsmarket-making service to provide assistance in maintaining an orderlytrading market for the common shares of the company and improving theliquidity of Global Energy Metals’ common shares.
The market-making service will be undertaken by VLPthrough a registered broker, W.D. Latimer Co. Ltd., in compliance withthe applicable policies of the TSX Venture Exchange (“TSX-V”) andother applicable laws.
For its services, the corporation has agreed to pay VLPCAD $5,000 per month for a period of 12 months. The agreement may beterminated at any time by the corporation or VLP. The corporation andVLP act at arm's length, and VLP has no present interest, directly orindirectly, in the corporation or its securities. The finances and theshares required for the market-making service are provided by W.D.Latimer. The fee paid by the company to VLP is for servicesonly.
About Venture Liquidity ProvidersInc.
VLP is a specialized consulting firm based in Torontoproviding a variety of services focused on TSX-V listed issuers. VLP'sexclusive Market Making Service is provided by W.D. Latimer Co.Limited, Canada's premier Market Making Firm.
Global Energy MetalsCorporation
(TSXV:GEMC | OTC: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. Global Energy has also entered into adefinitive agreement for a strategic interest and royalty on the RånaProject and past-producing Bruvann Nickel Mine in Norway, an emergingEuropean battery manufacturing hub in the Scandinavian Peninsula.Additionally, the Company holds a 70% interest in the past-producingWerner Lake Cobalt Mine project in Ontario, Canada and 50% interestsin the Monument Peak Project in Idaho, USA and the Chance Lake andAmiral projects in Quebec, Canada.
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.
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