Global Energy Metals Corporation (CVE:GEMC) (OTCMKTS:GBLEF) (FRA:5GE1) announced it has joined the European Raw Materials Alliance, a group of stakeholders committed to advancing the raw materials value chain in Europe.
The Vancouver-based junior has an inherent interest in the network, having recently acquired the Ranä nickel-copper-cobalt project in Norway.
GEMC belives Råna represents one of the few drill-ready, low capex nickel opportunities globally, with strong mining potential and exploration upside.
READ: Global Energy Metals closes deal to buy 10% of the Råna nickel-copper-cobalt project in Norway
The company told shareholders that the project could be a future source of raw material for the rechargeable battery sector.
Founded in part by the European Commission, the European Raw Materials Alliance (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.
The alliance will source help from a variety of stakeholders, including industrial actors along the value chain, countries and regions, trade unions, civil society, research and technology organizations, investors and NGOs.
GEMC CEO Mitchell Smith called the ERMA an “important instrument for Europe” as the world shifts towards green and technology-focused economies.
“Global Energy Metals is very much aligned with ERMA’s strategy and believes that Global Energy Metals is well positioned to benefit from and be an intrinsic part of the sustainable and dependable supply of raw materials needed to support the green transition, especially in light of our recent strategic acquisition of the Råna and past-producing Bruvann Mine projects in the battery manufacturing hub, Norway,” Smith said in a statement.
“We are delighted to be collaborating with ERMA and fellow alliance partners.”
Contact Angela at firstname.lastname@example.org
Follow her on Twitter @AHarmantas