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viewGlobal Energy Metals Corp
(
TSX-V:GEMC
)

Global Energy Metals is maximizing investor exposure to the battery metals supply chain

Snapshot

The company is building a diversified global portfolio of exploration and growth-stage battery metals and mineral assets

Global Energy Metals Corp -

Quick facts: Global Energy Metals Corp

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TSX-V:GEMC

Price: 0.22 CAD

Market Cap: $5.95 m
  • Drill-ready assets in producing mining districts globally
  • Nevada battery metals projects located near Tesla’s Gigafactory 1   
  • Experience management team

What Global Energy Metals does:

Global Energy Metals Corporation (CVE:GEMC) (OTCMKTS:GBLEF) (FRA:5GE1) provides investors with exposure to the growing rechargeable battery and electric vehicle market by building a diversified global portfolio of exploration and growth-stage battery mineral assets.

The Vancouver, British Columbia- based junior holds interests in several precious and battery metals projects globally.

Global Energy Metals owns an 85% interest in the Lovelock Mine and Treasure Box cobalt, nickel, and copper projects in Nevada. The properties had limited mining in the 1880s, extracting grades as rich as 14% cobalt and 12% nickel. The Nevada projects are also located just 150 kilometres east of Tesla’s Gigafactory 1, the world’s largest battery factory.

As well, its 100% owned, exploration-stage Millennium cobalt project in Australia is a promising cobalt-copper deposit of “significant” size that remains open for expansion. An historic resource estimate on the property from 2012 showed an Inferred resource of 3.1 million tonnes of 0.14% cobalt, 0.34% copper, and 0.12 grams per tonne (g/t) gold using a copper equivalent cutoff of 1.0%.

Also in Australia is the company’s 100% owned Mount Isa cobalt-copper-gold projects, which resides in a district that hosts many producing copper-gold and lead-zinc-silver ore bodies.

Global Energy Metals is led by CEO Mitchell Smith, an accomplished executive and business development professional with deep experience executing corporate strategies as well as building marketing relationships. He has a strong understanding of the natural resources sector, capital markets and current market trends particularly within the battery/energy metals space.

How it is doing:

It has been an active 2021 thus far for Global Energy Metals.

In July, the company said its exploration partner Metal Bank Limited (ASX:MBK) has begun exploration on the Millennium project.

Global Energy Metals noted that initial field reconnaissance and mapping completed in early July have confirmed outcropping copper mineralisation and key stratigraphic units, as Metal Bank is set to start a reverse circulation (RC) drill program of up to 800 metres (m) in early August 2021 to test the northern extensions of the project.

Metal Bank has entered into an exclusive six month option period to carry out further due diligence and sole-fund an initial exploration program on Millennium, after which it will have the right to earn up to an 80% interest in the project.  

Earlier in the month, Global Energy Metals announced plans for an exploration program during the 2021 summer field season at its Monument Peak copper-silver-gold project in Idaho.

The junior said the phased exploration program conducted by Dahrouge Geological Consulting will commence on or before July 17, with exploration results released as they become available.

To establish the project's resource potential, the company said work will include drone geophysical surveys and soil sampling. Preliminary analysis of the summer exploration program will follow and lead to the preparation of an independent technical report and be used for the generation of drill targeting and permitting, it added.

Also in July, Global Energy Metals joined the European Raw Materials Alliance (ERMA), a group of stakeholders committed to advancing the raw materials value chain in Europe.

Founded in part by the European Commission, ERMA has the mandate to make the continent “economically more resilient” through a wide swath of initiatives: diversifying its supply chains, creating jobs, attracting investments to the raw materials value chain, fostering innovation, training young talents and developing an enabling framework for raw materials and the circular economy.

And previously, the company said it has completed its acquisition of a 10% strategic interest in the Råna nickel-copper-cobalt project in Norway, which includes the past-producing Bruvann nickel mine.

As part of the transaction, the company will also acquire a 1% net smelter return (NSR) royalty on the property from Chincherinchee Nominee Private Limited.

Global Energy Metals will issue 3.3 million of its shares in exchange for a 10% interest in Råna in addition to the 1% NSR. 

Meanwhile in June, the company submitted its application to trade its shares on the OTC Venture Market (OTCQB) in the US. 

Global Energy Metals believes trading on the OTCQB market will enhance liquidity, as well as increase the company's visibility in the US capital markets. 

On the corporate front, Global Energy Metals revealed that its CEO Mitchell Smith has been appointed to the board of directors of the Battery Metal Association of Canada (BMAC).

BMAC is a trade organization of entrepreneurs, explorers, developers and producers of battery metals and materials that share a common desire to develop battery metals resources and to incorporate these materials into a battery production stream.

The company noted the move will align Global Energy Metals and BMAC’s objective of promoting and supporting Canada’s rapidly changing energy landscape.

Inflection points:

  • Drill results from the past-producing Lovelock Mine
  • Resource expansion at its Millennium project
  • Merger & Acquisition opportunities

What the boss says:

Commenting on the company’s deal to acquire an interest in the Råna project, Global Energy Metals CEO Mitchell Smith said in a statement: “The signing of this definitive agreement for a strategic interest and royalty on the Råna Project and past-producing Bruvann nickel mine is a major milestone for the company and an active step towards our goal of serving the green energy value chain.” 

Contact Sean at sean@proactiveinvestors.com

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Global Energy Metals announces drill results from Millennium and partnership...

Global Energy Metals CEO Mitchell Smith joined Steve Darling from Proactive to share drill results as their that its partner Metal Bank Limited has completed full assay results from the initial RC drilling program at the Millennium copper, cobalt and gold project in Australia. Smith talks...

1 day, 13 hours ago

5 min read