Global Energy Metals to Participate in Government-Led Trade & Investment Mission to South Korea Showcasing Its Access to Minerals Critical for The Green Energy And E-Mobility Economy
Momentum Public Relations
Press Release: September 12, 2019
Global Energy Metals Corporation ( TSXV:GEMC ) | ( OTCQB:GBLEF ) | ( FSE:5GE1 ) (“Global Energy Metals”, the “Company” and/or “GEMC” ) is pleased to announce that it has been selected to participate in an upcoming government-led trade and investment mission to South Korea. The trade mission is a collaboration between the Government of British Columbia, the Government of Canada’s Lands and Minerals Sector, Natural Resources Canada, the South Korean Government and Korea Resources Corporation (KORES) in an effort to meet industrial needs for mineral resources supply.
This mission, scheduled for mid-October, is built on the vision of the Canadian Minerals and Metals Plan , to expand trade and investment-related efforts in key Asian markets and position Canada and its natural resource companies as a competitive investment destination, a global supplier of choice for minerals and metals products, and a leader in mining services and supplies and clean technologies.
Mitchell Smith, CEO & President commented:
” On behalf of Global Energy Metals, I look forward to representing our company and Canada as a responsible and sustainable future supplier of the critical minerals essential for the growth of the new energy economy. This exclusive trade mission to South Korea, one of the world’s leading countries for electric vehicle battery manufacturing, will be a critical step in forging lasting and prosperous relationships while actively introducing our company and its projects to interested investment partners seeking access to battery raw materials from safe, pro-mining jurisdictions .”
Global Energy Metals will exhibit at the trade mission and participate in scheduled match-making activities with related Korean corporations, attend high level meetings with regional industrial leaders and government officials, and hold discussions focussed on specific projects and trade relationships.
A considerable contingent is expected with con firmed participation from Korean firms such as LG Chem, LG International, Samsung C/T, SK Innovation, EcoPro BM, POSCO, Korea Zinc, Hyundai Steel, SK Networks, LS-Nikko amongst others.
Following the fair, the delegation will travel to EcoPro BM , located in Cheongju-si, a company that is a leader, both in Korea and abroad, within the high volume cathode material market used in electric vehicles, power tools and electric energy storage systems.
Korea – Canada Trade Mission
South Korea is one of Canada’s natural allies having the Canada-Korea Free Trade Agreement in place provides a benefit for seeking investment and trade opportunities. Importantly for our sector, Korea is an auto manufacturing and high tech hub – industries that rely on critical minerals such as rare earth ele ments and battery metals like lithium, cobalt, graphite and nickel. Korea is very active in seeking to secure global value chains for these critical minerals and to reduce their reliance on imports from non-market economies. In this context, through this mission’s events, including investment forums, B2B meetings, and a critical minerals roundtable, Global Energy Metals will be positioned as a solution to Korea’s challenges and gaps in securing safe supply of critical metals needed to fuel growth in its domestic industries including energy storage and vehicle electrification.
Global Energy Metals Corporation
(TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1)
The transportation industry is set to undergo a profound transformation over the coming decades with a shift from fossil fuelled to electric powered vehicles. Global Energy Metals provides exposure to the e-mobility revolution through the development of a diversified supply chain for downstream users with potential to grow into a significant cobalt and battery minerals supplier. Global Energy Metals holds 100% of the Millennium Cobalt Project and two neighbouring discovery stage exploration-stage cobalt assets in Mt. Isa, Australia . It also currently owns 70% of the Werner Lake Cobalt Mine in Ontario, Canada, has an option to acquire an 85% interest in two cobalt exploration projects in Nevada, 150km East of the Tesla Gigafactory.
For Further Information:
Global Energy Metals Corporation
#1501-128 West Pender Street
Vancouver, BC, V6B 1R8
Email: info@globalenergymetals.com
t. + 1 (604) 688-4219 extensions 236/237
Twitter: @EnergyMetals
- Published in Global Energy Metals, Mining, News Home
Global Energy Metals Announces UAV-MAG Airborne Geophysics Surveying and Orthophoto Digital Surface Modelling on its Battery Minerals Project in Nevada
Momentum Public Relations
Press Release: August 14, 2019
Global Energy Metals Corporation ( TSXV:GEMC ) (OTC:GBLEF ) ( FSE:5GE1 ) (“Global Energy Metals”, the “Company” and/or “GEMC” ) is pleased to announce the use of Unmanned Aerial Vehicle (“UAVs”) to conduct an UAV-Magnetometer Survey (“UAV-MAG(TM) Survey”) and deliver Orthophoto/Digital Surface Modelling for the Company’s Nevada based battery minerals project located approximately 150km east of the Tesla Gigafactory in Sparks, Nevada. The survey will be flown by MWH Geo-Surveys International Inc. (“MWH”), a leader in the UAV space.
Mitchell Smith, CEO & Director commented:
” We look forward to conducting these airborne geophysical and topographical surveys with MWH, industry pioneers in drone technology. The robust preliminary results of the initial geological work completed this summer are positive indicators of the potential of the nickel, copper, cobalt project. Moreover, large portions of the mineralized area is still being evaluated by the Company leaving the door open to well defined drill targets for our Fall Program. ”
The magnetic surveys, expected to commence early next week, will cover high priority targets on the Lovelock project, a past producing mine that reported high grade nickel, copper and cobalt grades, to provide additional data and complement fieldwork conducted for the planning of a Fall 2019 drilling program. The survey of the Lovelock mine area will be used to highlight the known mine area and the related faults systems. The area over the mine will cover 50-metre line spacing to acquire detailed data being used to plan the proposed drilling.
The survey would entail:
- – Approximately 248 line kilometers of UAV Magnetics (12.4 square kilometres, flown at 45m AGL, with 50m line spacing)
– An orthophoto/digital surface model flown by UAV for the approximately 12.4 square kilometre project area
UAV Magnetic Survey
Our UAV mag system uses a GEM GSMP-35U sensor flown under a D-RTK DJI Matrice 600 Pro hexacopter. Due to the high data capture rate, slower flight speeds and lower altitude, the magnetic data is of high accuracy and resolution. Data will be processed and presented as TMI map (PDF) & ASCII grid formats.
UAV Orthophoto / Digital Surface Model
A WINGTRA One Professional Mapping UAV will be used to collect low altitude photogrammetry over the project area(s) to produce a detailed orthophoto and digital surface model. Ground control targets will be laid out and surveyed prior to the photography. Flight data and photos will be downloaded after each flight and processed using Pix4D mapper. The flights will be flown at an altitude of approximately 120m producing a 2 cm/pixel resolution.
This equipment and methodology can yield, with clear sight lines to the ground, average absolute orthophoto accuracy of better than 5 cm, horizontal & vertical. The digital surface model is produced using GNSS positions of the UAV combined with photo matching and the ground control targets.
MWH Geo-Surveys International Inc.
MWH Geo-Surveys have since 1980 been exclusively conducting gravity and magnetic surveys and their related topographic surveys. They have extensive experience around the world including surveys in Argentina, Bolivia, Chad, Colombia, Cuba, Eritrea, Ethiopia, Finland, Gambia, Guatemala, Honduras, Indonesia, Iraq, Ireland, Italy, Kenya, Liberia, Madagascar, Mali, Mexico, Mongolia, Nigeria, Oman, Peru, Philippines, Senegal, Spain, Sudan, Thailand, Trinidad, Tunisia, Turkey, Yemen and Zimbabwe. Additional information can be found at www.mwhgeo.com
While the UAV magnetic survey technology is new, MWH has been a leader in developing a field proven system integrating the UAV equipment, the magnetic system and flight controlling software. Their UAV systems have been successfully utilized worldwide on numerous successful surveys consisting of more than 20,000 flown kilometers.
Qualified Person
Mr. Paul Sarjeant, P. Geo., is the qualified person for this release as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects and has reviewed and verified the technical information contained herein.
Global Energy Metals Corporation
(TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1)
Global Energy Metals is focused on offering security of supply of cobalt, a critical material to the growing rechargeable battery market, by building a diversified global portfolio of cobalt assets including project stakes, projects and other supply sources. GEMC anticipates growing its business by acquiring project stakes in battery metals related projects with key strategic partners. Global Energy Metals now holds 100% of the Millennium Cobalt Project and two neighbouring discovery stage exploration-stage cobalt assets in Mt. Isa, Australia . It also currently owns 70% of the Werner Lake Cobalt Mine in Ontario, Canada, has an option to acquire an 85% interest in two cobalt exploration projects in Nevada, 150km East of the Tesla Gigafactory.
For Further Information:
Global Energy Metals Corporation
#1501-128 West Pender Street
Vancouver, BC, V6B 1R8
Email: info@globalenergymetals.com
t. + 1 (604) 688-4219 extensions 236/237
Twitter: @EnergyMetals
- Published in Global Energy Metals, Mining, News Home
Global Energy Metals Provides Exploration Update and Initial Metallurgical Results on Its Battery Minerals Project in Nevada
Momentum Public Relations
Press Release: August 8th, 2019
Global Energy Metals Corporation ( TSXV:GEMC ) | (OTCQB:GBLEF ) | ( FSE:5GE1 ) (“Global Energy Metals”, the “Company” and/or “GEMC” ) is pleased to provide an update on its ongoing activities and progress achieved toward the objective of identifying targets for an inaugural drill program at the Lovelock Mine in Nevada . Work programs outlined previously by the Company have progressed on schedule and management is more confident than ever that the Lovelock Mine is a superb value creation opportunity for shareholders.
Metallurgical Analysis and Re-2Ox
Lab scale metallurgical tests continue to provide further information on the excellent historical grades observed. The bulk sample taken by representatives of partner Canada Cobalt Works from the waste rock in the historic dumps in front of the mine openings were sent to SGS Canada Inc. in Lakefield, Ontario and have undergone initial analysis resulting in head assay results of 0.2% cobalt, 0.19% nickel and 2.84% copper. A sample has been submitted for mineralogy testing and results will be used to better understand which minerals are hosting the metals and help guide the flotation program.
Results will be used to assist with the Re-2Ox process that allows for cobalt-nickel-copper-bearing mineralized material to be put through the Re-2OX Process in order to confirm efficient battery metal extraction and create a potential battery grade test product.
Canada Cobalt Works is working closely with SGS Canada Inc. and has been tasked with leading the supervision of the hydro metallurgical program. Additional results to follow.
Underground Mapping and Sampling
The focus of the detailed underground prospecting, mapping and sampling program was to further evaluate the subsurface geology and identify areas for future drilling, and serve as an important resource for the creation of a 3D geological model of the nickel-copper-cobalt rich property.
Particular attention was paid to the main fault of the North Adit however additional underground workings have been discovered, adding to the extensive underground development. Interestingly, the South Adit appears to be on the same structural zone as the main fault at the Lovelock Mine and the workings follow two subparallel fault systems with some anomalous nickel, cobalt and is copper mineralization. The company believes that the geochemical results are promising, and the structural observations from underground will be valuable when integrated with future survey results.
Figure 1. Sketches of the North Adit and Underground Workings
Figure 2. Sketches of the South Adit and Underground Workings
Based on the observations, recommendations include mapping and sampling the surrounding surface rocks on the district-scale property and combining the collective findings with geophysical data to determine drill targets with priority given to testing main fault and the down dropped block to the west.
Future Work
This initial work program is focused on defining structural controls in the known battery metal-rich areas and connecting mineralized zones into broader targets in preparation for an inaugural drilling program.
Given the very large exploration area , producing a property-wide geological interpretation and model of the structures and mineralization is an immediate priority and integral to a Q4 2019 drill program that will allow for reinterpretation of historic data and a better understanding of the ability to unlock the cobalt, nickel and copper potential from GEMC’s Nevada-based projects.
Qualified Person
Mr. Paul Sarjeant, P. Geo., is the qualified person for this release as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects and has reviewed and verified the technical information contained herein.
Global Energy Metals Corporation
(TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1)
Global Energy Metals is focused on offering security of supply of cobalt, a critical material to the growing rechargeable battery market, by building a diversified global portfolio of cobalt assets including project stakes, projects and other supply sources. GEMC anticipates growing its business by acquiring project stakes in battery metals related projects with key strategic partners. Global Energy Metals now holds 100% of the Millennium Cobalt Project and two neighbouring discovery stage exploration-stage cobalt assets in Mt. Isa, Australia . It also currently owns 70% of the Werner Lake Cobalt Mine in Ontario, Canada, has an option to acquire an 85% interest in two cobalt exploration projects in Nevada, 150km East of the Tesla Gigafactory.
For Further Information:
Global Energy Metals Corporation
#1501-128 West Pender Street
Vancouver, BC, V6B 1R8
Email: info@globalenergymetals.com
t. + 1 (604) 688-4219 extensions 236/237
Twitter: @EnergyMetals
- Published in Global Energy Metals, Mining, News Home
Global Energy Metals to Investigate Cobalt-Copper-Gold Recovery Potential for Recently Acquired Millennium Project in Queensland, Australia
Momentum Public Relations
Press Release: July 17, 2019
Global Energy Metals Corporation TSXV:GEMC | OTCQB:GBLEF| FSE:5GE1 (“Global Energy Metals”, the “Company” and/or “GEMC” ) is pleased to announce that it has entered into a Memorandum of Understanding (“MOU”) with Australian cobalt peer, Cobalt Blue Holdings Limited (“Cobalt Blue”) to investigate cobalt-copper-gold recovery potential for the Millennium Project in Queensland Australia.
Global Energy Metals recently announced the outright acquisition of the Millennium Project adding to its battery metals portfolio one of the most exciting scalable primary-cobalt projects in the industry.
With the strong understanding of the potential for the high-grade Millennium project as well as the Mt. Dorothy Project and Cobalt Ridge properties, collectively referred to as the Mt. Isa Projects, the acquistion has positioned GEMC as an exploration leader in the Mt. Isa – Cloncurry mining district for cobalt and battery mineral deposits.
Historical studies have shown that cobalt and copper concentrates can be floated from samples of drill core from the Millennium Project. It is the intent of Global Energy Metals and Cobalt Blue to prepare new cobalt-pyrite samples and test the applicability of Cobalt Blue’s pyrite processing technology to the concentrates.
Mitchell Smith, CEO and Director commented:
” It is invaluable to conduct metallurgical testwork on this resource at this stage in its development and further de-risk the project while looking at various processing options for the company as it continues to grow the existing resource and delineate new targets at Millennium. Given the encouraging results of previous metallurgical test with high recovery rates for copper, cobalt and gold we are confident that the results from this program can demonstrate a potentially viable option for the project. ”
The Proposed Cobalt Blue – Global Energy Metals Program:
- (i) A review of historical testwork to produce concentrates from the Millennium Project
- (ii) A review of cobalt-pyrite quantity, grade, mineralogy and other physical characteristics, as available for the Millennium Project.
(iii) Collaboration between GEMC and Cobalt Blue to produce cobalt-pyrite concentrate samples, or bulk Co-Cu-Au sulphide mineral concentrates.
(iiii) Laboratory scale “proof-of-concept” testwork, treating cobalt-pyrite feedstock using the Cobalt Blue process.
(v) Preparation of a short-form report summarising the findings by Cobalt Blue, for delivery to GEMC.
Figure 1. Location of the Millennium Project
Cobalt Blue Processing Technology
Cobalt Blue has been developing minerals processing technology for extraction and recovery of cobalt and elemental sulphur from cobalt-pyrite feedstocks. The technology was evaluated in the 2018 PFS for the Thackaringa deposits near Broken Hill, and was successfully shown to be technically and economically viable for that project. This work culminated in the release of the maiden Ore Reserve Statement that accompanied the PFS.
Previously, Cobalt Blue has successfully evaluated application of the technology to cobalt-pyrite feedstocks from Havilah’s Mutooroo deposit. Separately, evaluation of tailings from Cudeco’s Rocklands project was commenced in late 2018. The Millennium Project is located approximately 20 km from the Cudeco Rocklands mine site, as shown in Figure 1.
The minerals processing technology is focused on the treatment of pyrite, to recover payable metals, elemental sulphur, and generate environmentally stable iron oxide leach residues. The process specifically avoids the simultaneous production of sulphuric acid, which normally occurs when roasting pyrite, or leaching pyrite via pressure oxidation.
Cobalt Blue continues to assess opportunities to apply its innovative minerals processing technology and has now identified a second prospective project (the Millennium Project) in the Mt Isa-Cloncurry district for evaluation.
Qualified Person
Mr. Paul Sarjeant, P. Geo., is the qualified person for this release as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects and has reviewed and verified the technical information contained herein.
Global Energy Metals Corporation
(TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1)
Global Energy Metals is focused on offering security of supply of cobalt, a critical material to the growing rechargeable battery market, by building a diversified global portfolio of cobalt assets including project stakes, projects and other supply sources. GEMC anticipates growing its business by acquiring project stakes in battery metals related projects with key strategic partners. Global Energy Metals now holds 100% of the Millennium Cobalt Project and two neighbouring discovery stage exploration-stage cobalt assets in Mt. Isa, Australia . It also currently owns 70% of the Werner Lake Cobalt Mine in Ontario, Canada, has an option to acquire an 85% interest in two cobalt exploration projects in Nevada, 150km East of the Tesla Gigafactory.
For Further Information:
Global Energy Metals Corporation
#1501-128 West Pender Street
Vancouver, BC, V6B 1R8
Email: info@globalenergymetals.com
t. + 1 (604) 688-4219 extensions 236/237
Twitter: @EnergyMetals
- Published in Global Energy Metals, Mining, News Home
Global Energy Metals Files NI 43-101 Technical Report on the Millennium Cobalt Project
Momentum Public Relations
Press Release: June 28, 2019
Global Energy Metals Corporation TSXV:GEMC |OTCQB:GBLEF | FSE:5GE1 (“Global Energy Metals”, the “Company” and/or “GEMC” ) is pleased to announce that as a requirement by the TSX Venture Exchange (the “Exchange’) for final acceptance of the acquisition of the Millennium Cobalt Project, the Company had a technical report prepared in accordance to CIM Definition Standards for Mineral Resources and Mineral Reserves and entitled “NI 43-101 Technical Report Millennium Co-Cu-Au Deposit Mount Isa, Australia”, dated February 14, 2019 (effective date January 18, 2019) (the “Millennium Technical Report”), which has been filed with the Exchange and regulators and is available for viewing under Global Energy Metal’s profile on SEDAR .
The Millennium Technical Report is a restate of the inferred JORC Mineral Resource estimate for theMillennium Project originally published by Haren Consulting for Hammer Metals Limited (“Hammer”) and does not include data from the 1,140 meter 2018 drill program that confirmed continuity between the previously reported high-grade cobalt zones indicating wide zones of cobalt mineralisation near surface and at depth with assay results indicating metal grades exceeding prior expectations.
The author of the Millennium Technical Report, Kangari Consulting Limited , reiterates the potential for the Project stating that there is “potential to increase the current inferred mineral resource at the Millennium Project by further resource definition drilling.”
” The excellent work by Kangari Consulting in updating the resource estimate has succeeded in not only summarizing the historical work programs but more importantly highlighting the enormous exploration potential and scale that the Millennium Cobalt project hosts,” comments Mitchell Smith, CEO and Director . “There is a shortage of high-quality, scaleable cobalt projects in top-tier, pro-mining jurisdictions and this confirms the attractive investment opportunity Millennium presents as we continue to advance this growth-stage cobalt project, especially in light of the positive longterm fundamentals for battery minerals driven by global adoption of electric vehicles.”
As stated in the report, there is potential to increase resources within the current inferred zone by closer spaced infill drill holes identifying high grade shoots. There is also potential at depth below the current defined Mineral Resource to 280 metres depth.
The results of historical soil geochemistry followed up by rock chip sampling by GEMC across the Millennium Mining Leases have identified several promising targets that have never been drilled by previous operators. Kangari considers there is potential to delineate further near surface resources particularly in northern parts of ML7506 where the critical zone of quartzitic rocks hosting the main resource have been mapped with coincident high grade copper concentrations in rock chip samples.
The two mineralised zones in mica schist in eastern parts of ML2762 mapped by Hammer geologists with high grade copper in rock concentrations are in the vicinity of the Federal Copper mine. There is gossanous material outcropping at surface in this part of the ML that has never been trenched or drilled. This area also has the potential to increase the ore resources at the Millennium Project.
Further diamond drilling is required for resources to be classified as indicated or measured categories under 43-101 reporting standards.
The results of preliminary metallurgical test work are encouraging for the Millennium Project with high recovery rates for copper, cobalt and gold in two composite samples from the recent 2018 diamond drilling program.
The Millennium Technical Report was written by an independent Qualified Person as defined by National Instrument 43-101 Standards of Disclosure. The Report is available on SEDAR under the Company’s profile and is also available on the Company’s website .
A historical mineral resource for the Millennium deposit reported using the Australian JORC Code by Haren in 2016 estimated an inferred resource estimate of 3.1 Mt at 0.14% Co, 0.34% Cu and 0.12 g/t Au (using CuEq cut off of 1.0%). Kangari has not done sufficient work to classify the historical estimate as a current mineral resource or mineral reserve and Kangari is not treating the historical estimate as current mineral resources or mineral reserves. The Mineral Resource was classified as inferred by Haren (2016) on the basis of the sample spacing and degree of continuity to mineralisation. The sampling preparation, security and analytical procedures and QA/QC used at the Millennium Project are consistent with generally accepted industry best practices and are adequate for use in historical and future ore resource estimation for this style of deposit.
Qualified Person
Mr. Paul Sarjeant, P. Geo., is the qualified person for this release as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects and has reviewed and verified the technical information contained herein.
Global Energy Metals Corporation
(TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1)
Global Energy Metals is focused on offering security of supply of cobalt, a critical material to the growing rechargeable battery market, by building a diversified global portfolio of cobalt assets including project stakes, projects and other supply sources. GEMC anticipates growing its business by acquiring project stakes in battery metals related projects with key strategic partners. Global Energy Metals now holds 100% of the Millennium Cobalt Project and two neighbouring discovery stage exploration-stage cobalt assets in Mt. Isa, Australia . It also currently owns 70% of the Werner Lake Cobalt Mine in Ontario, Canada, has an option to acquire an 85% interest in two cobalt exploration projects in Nevada, 150km East of the Tesla Gigafactory.
For Further Information:
Global Energy Metals Corporation
#1501-128 West Pender Street
Vancouver, BC, V6B 1R8
Email: info@globalenergymetals.com
t. + 1 (604) 688-4219 extensions 236/237
Twitter: @EnergyMetals
- Published in Global Energy Metals, Mining, News Home
Global Energy Metals Completes Transformational Acquisition to Take Full Control of Millennium and Mount Isa Cobalt Projects in Queensland Australia
Momentum Public Relations
Press Release: June 27, 2019
Global Energy Metals Corporation TSXV:GEMC |OTCQB:GBLEF | FSE:5GE1 (“Global Energy Metals”, the “Company” and/or “GEMC” ) is pleased to announce that it has completed the acquisition from Hammer Metals Limited (“Hammer”) of the remaining interest in the Millennium Project that Global Energy Metals did not already own pursuant to the share sale agreement dated November 27, 2018 (the “Millennium Acquisition Agreement”), among the Company, Hammer and its subsidiaries, including the acquisition of the Mount Isa Projects, which acquisitions were previously announced by news releases dated June 26, 2018 and November 29, 2018.
GEMC Chief Executive Officer, Mitchell Smith said:
” The outright acquisition of the Millennium Project adds to our portfolio one of the most exciting scalable primary-cobalt projects in the industry. With our strong understanding of the potential for the high-grade Millennium project and surrounding land package, together with Hammer’s extensive jurisdictional experience in Mount Isa, positions GEMC well to bring the project closer to development and deliver significant value to our shareholders.”
Pursuant to the terms of the Millennium Acquisition Agreement, Global Energy Metals issued to Hammer 19,255,641 common shares such that Hammer became an insider of Global Energy Metals holding 19.9% of the Company’s then issued and outstanding common shares. For so long as Hammer maintains a 10% interest in Global Energy Metals, Hammer has the right to nominate one person to the Global Energy Metals’ board of directors.
All shares issued in connection with the acquisition of the Millennium Project and the Mt. Isa Projects to Hammer are subject to a hold period of four months and one day from the date of issuance of the shares. In addition to the statutory hold period, the shares issued to Hammer are also subject to a voluntary pooling agreement pursuant to which 20% of the shares have been released concurrent with closing of the transaction, 40% of the shares will be released on December 27, 2019 and the remaining 40% will be released on June 27, 2020 . Further, the agreement provides that the release of the shares to Hammer will be accelerated in the event that the trading price of the Company’s shares over a 10 consecutive day period reaches certain thresholds.
Qualified Person
Mr. Paul Sarjeant, P. Geo., is the qualified person for this release as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects and has reviewed and verified the technical information contained herein.
Global Energy Metals Corporation
(TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1)
Global Energy Metals is focused on offering security of supply of cobalt, a critical material to the growing rechargeable battery market, by building a diversified global portfolio of cobalt assets including project stakes, projects and other supply sources. GEMC anticipates growing its business by acquiring project stakes in battery metals related projects with key strategic partners. Global Energy Metals now holds 100% of the Millennium Cobalt Project and two neighbouring discovery stage exploration-stage cobalt assets in Mt. Isa, Australia . It also currently owns 70% of the Werner Lake Cobalt Mine in Ontario, Canada, has an option to acquire an 85% interest in two cobalt exploration projects in Nevada, 150km East of the Tesla Gigafactory.
For Further Information:
Global Energy Metals Corporation
#1501-128 West Pender Street
Vancouver, BC, V6B 1R8
Email: info@globalenergymetals.com
t. + 1 (604) 688-4219 extensions 236/237
- Published in Global Energy Metals, Mining, News Home
Global Energy Metals Initiates Underground Mapping and Sampling and Further Increases Land Position at the Lovelock Cobalt Mine in Nevada
Momentum Public Relations
Press Release: June 25, 2019
Global Energy Metals Corporation TSXV:GEMC | OTCQB:GBLEF |FSE:5GE1 (“Global Energy Metals”, the “Company” and/or “GEMC “) is pleased to announce that fieldwork at the Lovelock Cobalt Mine in Churchill County, Nevada is now underway with a focus on identifying high-grade mineralized zones of cobalt, nickel and copper in the historical underground workings.
Global Energy Metals will commence channel sampling of previously identified mineral-rich areas, as well as complete detailed geological mapping and surveying of the accessible underground workings. The results of the program will assist in its evaluation of the subsurface geology and identify areas for future drilling, and serve as an important resource for the creation of a 3D geological model.
The initial work program is focused on defining structural controls in the known battery metal-rich areas and connecting mineralized zones into broader targets in preparation for an inaugural drilling program. Given the very large exploration area, producing a property-wide geological interpretation and model of the structures and mineralization is an immediate priority.
In addition, the Company has staked an additional 7 new claims to add to the 11 new claims staked earlier this month . The new claims to the east of the historic mine shaft cover approximately 36 hectares increasing the Lovelock Cobalt Mine property to a total of 678 hectares, within 88 mineral claims.
Some of these new claims are contiguous to both the Lovelock Cobalt mine project and the historic Nickel Mine in Cottonwood Canyon. The workings at the Nickel Mine comprise six short adits and an incline shaft about 100 feet deep. A sample lot of 15 tons mined in the early days contained 12 percent nickel and 7 percent cobalt (Source: US Bureau of Mines, Vanderburg, 1940).
Qualified Person
Mr. Paul Sarjeant, P. Geo., is the qualified person for this release as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects and has reviewed and verified the technical information contained herein.
Global Energy Metals Corporation
(TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1)
Global Energy Metals is focused on offering security of supply of cobalt, a critical material to the growing rechargeable battery market, by building a diversified global portfolio of cobalt assets including project stakes, projects and other supply sources. GEMC anticipates growing its business by acquiring project stakes in battery metal-related projects with key strategic partners. Global Energy Metals currently owns 70% of the Werner Lake Cobalt Mine in Ontario, Canada, has an option to acquire an 85% interest in two cobalt exploration projects in Nevada, 150 km east of the Tesla-Panasonic Gigafactory 1, and has entered into an agreement to acquire 100% of the Millennium Cobalt Project and two neighbouring discovery stage exploration-stage cobalt assets in Mt. Isa, Australia.
For Further Information:
Global Energy Metals Corporation
#1501-128 West Pender Street
Vancouver, BC, V6B 1R8
Email: info@globalenergymetals.com
t. + 1 (604) 688-4219 extensions 236/237
- Published in Global Energy Metals, Mining, News Home
Global Energy Metals Expands Land Position In Nevada – Stakes Claims Contiguous To The Lovelock Cobalt Mine
Momentum Public Relations
Press Release: June 13, 2019
Global Energy Metals Corporation TSXV:GEMC |OTCQB:GBLEF | FSE:5GE1 (“Global Energy Metals”, the “Company” and/or “GEMC “) is pleased to announce that it has staked 11 new claims adjoining the 70 pre-existing Lovelock Cobalt Mine project claims in Churchill County, Nevada. The new claims to the north of the historic mine shaft cover approximately 75 hectares increasing the Lovelock property to a total of 642 hectares, within 81 mineral claims.
Mitchell Smith, CEO & Director commented:
” As Global Energy Metals commences its exploration program on our newly optioned ground at the Lovelock Cobalt Mine in Nevada, we wanted to ensure our land position covered additional prospective areas contiguous to current holdings. We are especially excited to have strengthened this land position after recent sampling from the newly staked area extended the potential for additional cobalt, nickel and copper mineralization around the historically producing mine .”
In January of this year , Global Energy entered into an option agreement with Nevada Sunrise Gold, a Vancouver based company, for the option to acquire an 85% undivided interest in the Lovelock Cobalt Mine and nearby Treasure Box project, adding to its portfolio of battery metal projects in top-tier mining jurisdictions within Canada and Australia. Both Lovelock and Treasure Box are highly prospective for battery minerals including cobalt, nickel and copper.
More recently, Global Energy Metals entered into a strategic technological initiative for a right to use for a period of one year Canada Cobalt Works’ Re-2OX technology to accelerate the advancement of the Lovelock Cobalt Mine and Treasure Box projects. Significantly, Re-2OX skips the normal smelting process to achieve exceptionally high recovery rates for cobalt, nickel and copper, while also removing 99% of arsenic expanding the potential of the Lovelock mine by potentially creating battery grade cobalt sulphate.
This hydrometallurgical testing is part of a wider exploration and drilling program that will allow for reinterpretation of historic data and a better understanding of the ability to unlock the cobalt, nickel and copper potential from GEMC’s Nevada based projects.
Fieldwork and initial lab results from samples taken during a recent site visit demonstrated the potential to identify high-grade cobalt, nickel and copper mineralization over broader areas than originally believed at the Lovelock Cobalt Mine and Treasure Box.
GEMC is currently compiling historical data and formulating plans for exploration work to advance the battery minerals project.
Qualified Person
Mr. Paul Sarjeant, P. Geo., is the qualified person for this release as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects and has reviewed and verified the technical information contained herein.
Global Energy Metals Corporation
(TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1)
Global Energy Metals is focused on offering security of supply of cobalt, a critical material to the growing rechargeable battery market, by building a diversified global portfolio of cobalt assets including project stakes, projects and other supply sources. GEMC anticipates growing its business by acquiring project stakes in battery metal-related projects with key strategic partners. Global Energy Metals currently owns 70% of the Werner Lake Cobalt Mine in Ontario, Canada, has an option to acquire an 85% interest in two cobalt exploration projects in Nevada, 150 km east of the Tesla-Panasonic Gigafactory 1, and has entered into an agreement to acquire 100% of the Millennium Cobalt Project and two neighbouring discovery stage exploration-stage cobalt assets in Mt. Isa, Australia.
For Further Information:
Global Energy Metals Corporation
#1501-128 West Pender Street
Vancouver, BC, V6B 1R8
Email: info@globalenergymetals.com
t. + 1 (604) 688-4219 extensions 236/237
- Published in Global Energy Metals, Mining, News Home
Global Energy Metals Receives Approval for Acquisition of Right To Use Re-2ox Technology at Nevada Battery Metals Projects
Momentum Public Relations
Press Release: June 6th, 2019
Global Energy Metals Corporation TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1 (“Global Energy Metals”, the “Company” and/or “GEMC”) along with partner Canada Cobalt Works (TSXV:CCW) are pleased to announce that the TSX Venture Exchange approved the acquisition of the right to use Canada Cobalt Works’ Re-2OX technology to accelerate the advancement of the Lovelock Cobalt Mine and Treasure Box projects.
Highlights
- – Re-2OX skips the normal smelting process to achieve exceptionally high recovery rates for cobalt, nickel and copper, while also removing 99% of arsenic expanding the potential of the Lovelock mine by potentially creating battery grade cobalt sulphate.
– The hydrometallurgical process will complement a wider exploration and drilling program that will allow for reinterpretation of historic data and a better understanding of the ability to unlock potential from GEMC’s Nevada based projects.
– GEMC is currently formulating plans for exploration and drilling programs to advance the battery minerals project.
– The Lovelock and Treasure Box projects represent an unique opportunity to make a new battery metals discovery in Nevada, a proven mining district ranked as the most attractive mining jurisdiction by the Fraser Institute’s Annual Survey of Mining Companies, 2018.
The Transaction
Details of the transaction is described in an agreement announced on May 30, 2019, pursuant to which the Company has agreed to purchase a right to use for a period of one year Canada Cobalt Works’ Re-2OX technology. In consideration for use of the technology, GEMC shall pay to Canada Cobalt Works a cash payment of $50,000 and issue 2,000,000 units (“Units”) of GEMC at a price of $0.075 per Unit for deemed consideration of $150,000.
Each of the Units shall consist of one common share and one transferable common share purchase warrant (collectively, “Warrants”) with each of the Warrants entitling the holder thereof to acquire one common share of GEMC at the exercise price of $0.10 per share for a period of 36 months from the date of issuance of the Warrants. Warrants are subject to an acceleration clause whereby if on any 10 consecutive trading days occurring after four months and one day has elapsed from their issuance, the daily volume weighted average trading price of the common shares of GEMC is at least $0.20 per share, GEMC may accelerate the expiry date of the warrants to the 30th day after the date on which GEMC gives notice to Canada Cobalt Works in accordance with the terms of the Warrants of such acceleration.
Qualified Person
Mr. Paul Sarjeant, P. Geo., is the qualified person for this release as required by National Instrument 43-101 – Standards of Disclosure for Mineral Projects and has reviewed and verified the technical information contained herein.
Global Energy Metals Corporation
(TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1)
Global Energy Metals is focused on offering security of supply of cobalt, a critical material to the growing rechargeable battery market, by building a diversified global portfolio of cobalt assets including project stakes, projects and other supply sources. GEMC anticipates growing its business by acquiring project stakes in battery metal-related projects with key strategic partners. Global Energy Metals currently owns 70% of the Werner Lake Cobalt Mine in Ontario, Canada, has an option to acquire an 85% interest in two cobalt exploration projects in Nevada, 150 km east of the Tesla-Panasonic Gigafactory 1, and has entered into an agreement to acquire 100% of the Millennium Cobalt Project and two neighbouring discovery stage exploration-stage cobalt assets in Mt. Isa, Australia.
For Further Information:
Global Energy Metals Corporation
#1501-128 West Pender Street
Vancouver, BC, V6B 1R8
Email: info@globalenergymetals.com
t. + 1 (604) 688-4219 extensions 236/237
- Published in Global Energy Metals, Mining, News Home
Global Energy Metals Acquires Right to Use Hydrometallurgical Process at Nevada Battery Metals Projects; Provides Update on the Lovelock Cobalt Mine Program
Momentum Public Relations
Press Releases: May 30th, 2019
Global Energy Metals Corporation TSXV:GEMC |OTCQB:GBLEF | FSE:5GE1 (“Global Energy Metals”, the “Company” and/or “GEMC “) is pleased to announced that it has amended the terms of the previously entered into non-binding Memorandum of Understanding and entered into a binding agreement with Canada Cobalt Works Inc. for a right to use for a period of one year Canada Cobalt Works’ Re-2OX technology to accelerate the advancement of the Lovelock Cobalt Mine and Treasure Box projects.
Canada Cobalt Works’ hydrometallurgical process will complement a wider exploration and drilling program that will allow for reinterpretation of historic data and a better understanding of the ability to unlock the cobalt, nickel and copper potential from GEMC’s Nevada based projects.
An overview of the terms of the agreement for use of the Re-20X technology by GEMC is detailed below.
Lovelock Cobalt Mine Update
The Company is also pleased to provide an update on the Company’s ongoing activities at the Lovelock Cobalt Mine in Churchill County, Nevada.
GEMC conducted a site visit of the property and took a number of selective samples that were sent to ALS in Sparks, Nevada, to validate historical analytical results. Lab results from these samples compare well and reinforce confidence in the historical numbers for battery metals including cobalt, copper and nickel.
In addition to the samples noted above, approximately 100 kilograms of material taken during the site visit was sent to the SGS Canada Inc. laboratory in Lakefield, Ontario, for analyst as part of the strategic technological initiative with Canada Cobalt Works to use the proprietary and environmentally friendly Re-2OX Process.
Lab findings, combined with the exploration potential and targets identified by the technical team, supports the development of an initial work program including additional surveying and sampling and an integrated model of the historical workings and geological data to extrapolate high priority target areas for future drilling. Planning for this is well underway.
Mitchell Smith, CEO and Director commented:
” The Lovelock property has delivered historical cobalt, nickel and copper production and, more recently, encouraging assay numbers from samples taken during our site visit earlier this month. We are keen to get to work and explore the property-wide potential of this asset and work alongside Canada Cobalt Works in unlocking value through the Re-2OX process. ”
Acquisition Terms for Use of Re-2OX Technology
In consideration for use of the technology, GEMC shall pay to Canada Cobalt Works a cash payment of $50,000 and , subject to prior acceptance by the TSX Venture Exchange, issue 2,000,000 units (“Units”) of GEMC at a price of $0.075 per Unit for deemed consideration of $150,000.
Each of the Units shall consist of one common share and one transferable common share purchase warrant (collectively, “Warrants”) with each of the Warrants entitling the holder thereof to acquire one common share of GEMC at the exercise price of $0.10 per share for a period of 36 months from the date of issuance of the Warrants. Warrants are subject to an acceleration clause whereby if on any 10 consecutive trading days occurring after four months and one day has elapsed from their issuance, the daily volume weighted average trading price of the common shares of GEMC is at least $0.20 per share, GEMC may accelerate the expiry date of the warrants to the 30 th day after the date on which GEMC gives notice to Canada Cobalt Works in accordance with the terms of the Warrants of such acceleration.
The agreement with Canada Cobalt Works is subject to TSXV Exchange approval.
Qualified Person
Mr. Paul Sarjeant, P. Geo., is the qualified person for this release as required by National Instrument 43-101 – Standards of Disclosure for Mineral Projects and has reviewed and verified the technical information contained herein.
Global Energy Metals Corporation
(TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1)
Global Energy Metals is focused on offering security of supply of cobalt, a critical material to the growing rechargeable battery market, by building a diversified global portfolio of cobalt assets including project stakes, projects and other supply sources. GEMC anticipates growing its business by acquiring project stakes in battery metal-related projects with key strategic partners. Global Energy Metals currently owns 70% of the Werner Lake Cobalt Mine in Ontario, Canada, has an option to acquire an 85% interest in two cobalt exploration projects in Nevada, 150 km east of the Tesla-Panasonic Gigafactory 1, and has entered into an agreement to acquire 100% of the Millennium Cobalt Project and two neighbouring discovery stage exploration-stage cobalt assets in Mt. Isa, Australia.
For Further Information:
Global Energy Metals Corporation
#1501-128 West Pender Street
Vancouver, BC, V6B 1R8
Email: info@globalenergymetals.com
t. + 1 (604) 688-4219 extensions 236/237
- Published in Global Energy Metals, Mining, News Home
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