Global Energy Metals Provides Progress Update ON Portfolio Companies
GLOBAL ENERGY METALS PROVIDES PROGRESS UPDATE ON PORTFOLIO
COMPANIES
Vancouver, BC / TheNewswire / November 19, 2024 / Global Energy Metals Corpora Oon
TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1 (“Global Energy Metals” , the “Company” and/or
“GEMC”), a mul’-jurisdic’onal, mul’-commodity cri’cal mineral explora’on, development and
project genera’ng company focused on growth-oriented projects suppor ’ng the global
transi’on to clean energy, is pleased to provide an update on the recent ac’vi’es of its por<olio
companies.
Through the mone’za’on of non-core assets, GEMC has assembled a por<olio of high-quality,
high-upside equity investments in industry peers providing our shareholders a diversi fied
approach to the resource sector, mul’ple commodi’es and jurisdic’ons.
Electric RoyalOes Ltd. (TSXV:ELEC | OTCQB:ELECF) — GEMC holds 1,150,000 common shares
•ELEC is a royalty company established to take advantage of the demand for a wide range of
commodi’es (lithium, vanadium, manganese, ’n, graphite, cobalt, nickel, zinc and copper)
that will benefit from the drive toward electrifica’on of a variety of consumer products: cars,
rechargeable baLeries, large scale energy storage, renewable energy genera’on and other
applica’ons.
•ELEC has a growing por<olio of 40 royal’es in lithium, vanadium, manganese, ’n, graphite,
- -2
cobalt, nickel, zinc and copper across the world and interests in 32 lithium proper ’es in
Ontario, Canada.
•ELEC provided a progress update on a number of its royal’es held including the encouraging
news with regard to Kingsrose Mining’s con ’nued investment in the Rana nickel-copper-
cobalt project in Norway, having completed its 51% interest earn-in with the inten ’on of
spending another A$4 million to increase its interest to 65%.
•GEMC holds a 10% ownership of Narvik Nikel, which holds an 100% interest in the
Råna Nickel-Copper-Cobalt project.
•ELEC signed a binding leLer agreement with Minera Cobre Verde, a subsidiary of Cobre y
Metales, to acquire a copper stream on the Minera Cobre Verde Mine, located in the
Antofagasta Region of Chile providing ELEC with immediate cash flow over the next four years
while portolio royal’es mature and provides high leverage to poten’ally increasing copper
prices.
•ELEC announce that royalty asset partner World Copper Ltd. published the results of an
updated mineral resource es’mate for the Zonia copper-oxide deposit in Arizona, USA of
which ELEC holds a 0.5% gross revenue royalty.
•ELEC appointed Red Cloud Financial Services Inc. to provide the Company with a range of non-
exclusive financial advisory and promo’onal services.
•Red Cloud is a Toronto-based financial services firm that provides assistance to mineral
explora’on and mining companies in accessing capital markets and enhancing their corporate
profile.
•Join Electric Royal’es CEO Brendan Yurik on Nov. 21 for a live webinar with Red Cloud FS and
learn about their focus on acquiring royal’es on advanced stage and opera’ng projects.
For the most recent update on the royal2es held by ELEC, including four projects held by GEMC
(Millennium, Mount Dorothy, Cobalt Ridge and Råna), please visit their news release sec2on of
their website linked here.
Metal Bank Ltd. (ASX:MBK) — GEMC holds 13,541,000 common shares
Australian PorIolio - Millennium
•Graphite sampling and assay program in progress to unlock project value.
•Graphite present over >2km strike length - supported by historic high-grade rock chip results
and previous drilling.
•GEMC is the 100% owner of an Australian subsidiary company Element Minerals
Australia Pty Ltd ACN, that currently holds 49% ownership in the Millennium project.
Australian PorIolio - Livingston
•Strategic review of the advanced explora’on stage Livingstone gold project in progress with
evidence of significant expansion poten’al at Kingsley extension and Livingstone North.
Jordan
•Explora’on rights granted over mul’ple highly prospec’ve areas.
•MBK plans to progress all three copper projects to drilling status for drilling in the same
campaign.
Saudi Arabia
•MBK’s Saudi Arabian Joint Venture Company, Consolidated Mining Company LLC (CMC) has
- -3
won the Round 6 License Applica’on for the Wadi Al Junah copper, zinc and gold project.
•CMC is owned 60% MBK and 40% Central Mining Holding Company (CMH), which is controlled
by Citadel’s former Jabal Sayid JV Partner, the Al Qahtani Group, and is capitalised at SAR5m
(approximately AUD$2.1m).
•Wadi Al Junah project is fully permiLed and ready for immediate explora’on and qualifies
under the incen’ve rebate program that provides up to SAR7.2m (approximately AUD$2.9m)
per project for explora’on expenditure
MBK En2tlement Offer
•MBK underway on a pro-rata non-renounceable en’tlement offer of one (1) New Share for
every four (4) shares held by eligible shareholders on the record date at an o ffer price of
AUD$0.016 per share to raise up to AUD$1.56M from eligible shareholders.
•The Offer is fully underwriLen by Taylor Collison
For more informa2on on the above developments please refer to Metal Bank’s Company
Announcements page on their website or review their most recent webinar corporate
presenta2on.
Terra Balcanica Resources Corp. (CSE:TERA) — GEMC holds 1,198,291 common shares.
•TERA closed on a non-brokered private placement financing of units for gross proceeds of
CAD$986,885 to be used for working capital and to fund explora ’on across its por<olio of
proper’es in Saskatchewan and the Balkans.
•TERA entered into a defini’ve op’on agreement with a wholly owned subsidiary of Fulcrum
Metals Plc., to acquire a 100% interest in Fulcrum’s uranium por<olio of explora’on licences
located in northern Saskatchewan, Canada and collec ’vely encompassing 596.71 km2 o f
highly prospec’ve ground for a uranium discovery.
•The assets comprise a 100% op ’oned por<olio of uranium-prospec’ve licences at the
outskirts of the world-renowned Athabasca basin: Charlot-Neely Lake, Fontaine Lake,
Snowbird, and South Pendleton.
•In addiLon to the equity posiLon in TERA, GEMC has a 0.5% NSR royalty on the
Charlot-Neely Lake, Fontaine Lake, Snowbird, and South Pendleton uranium projects,
Canada.
For more informa2on on the above developments please refer to TERA’s News sec2on on its
website.
High-Tech Metals Ltd. (ASX:HTM) — GEMC holds 2,500,000 common shares
•HTM nears comple’on of a desktop review of the Werner Lake Project compiling all available
historical data and newly acquired data.
•Desktop review to prepare for future explora ’on of the Werner Lake Project to unlock
poten’al value.
•With AUD$1.186M in treasury and no debt as of 30 September 2024, HTM will con ’nue to
iden’fy and review projects which complement the company’s exis’ng assets and support its
strategy of building a por<olio of explora’on, development and opera’ng mining assets.
•Note that GEMC sold its 70% interest in Werner Lake as part of HTM raising AUD
$4.718M on its IPO to the ASX in January 2023.
- -4
For more informa2on on the above developments please refer to HTM’s Investor Center.
Marquee Resources Ltd. (ASX:MQR) — GEMC holds 257,178 common shares
Redlings REE Project
•MQR reported on 2 batches of results from the completed slim-line RC drilling program at the
Redlings Rare-earth Element Project.
•Extensive, surficial rare-earth element (“REE”) mineralisa’on was observed over mul’ple
adjacent drill holes with assay grades as high as 8,764ppm TREO.
•The 220-hole, 1,952m SLRC drilling program, spread over approximately 8km2, was designed
to test extensive surficial mineralisa’on at the Project.
Red Barron Prospect
•Eighteen (18) drillholes from the Red Baron Prospect were outstanding at the end of the last
quarter .
•Numerous high-grade REE horizons were observed at the Big Red 1 prospect with highlights
such as: 15m at 1,273ppm TREO (20.0% MREE) from surface (0-15m), inc. 7m at 1,725ppm
TREO (MQRC232), 12m at 1,331ppm TREO (17.1% MREE) from surface (0-12m), incl. 6m at
1,795ppm TREO (MQRC214) and 10m at 1,514ppm TREO (17.1% MREE) from surface (0-10m),
incl. 2m at 2,736ppm TREO (MQRC227).
•Ten (10) holes at Big Red 2 prospect returned grades over 1,000ppm TREO.
West Spargoville (WSP) & Yindi Projects
•MQR awarded up to AUD$220,000 co-funded drilling grant by the WA Government to test
depth extents of spodumene pegma’tes at the West Spargoville Project.
•The Company con’nues to collaborate closely with Joint Venture Partner Mineral Resources
Limited regarding all facets of the WSP Project and the ongoing explora’on campaign.
•Company commenced and completed a 2,149-sample auger program at Yindi to in fill
numerous lithium and gold targets uncovered in its first-pass soil geochemistry program
conducted earlier this year .
•Further explora’on will also be conducted to e ffec’vely target Lithium and LCT style
pegma’tes associated with fer’le granite sources.
Sa Pedra Bianca Gold and Silver Project
•MQR holds op’ons to acquire 100% of the high-grade Sa Pedra Bianca Gold and Silver Project
located in northern Sardinia, Italy.
•Further review and analysis of retrieved historical data and reports has highlighted the
poten’al for cri’cal minerals within the project extents, of par ’cular interest is the
prevalence of anomalous an’mony within the historical surface sampling and drilling
datasets, including several high-grade intercepts at the Sa Pala and Pedra Bianca deposits.
For the most recent update on the por Iolio of projects held by MQR please visit their
announcements sec2on of their website linked here.
Sceptre Ventures Inc. (TSXV:SVP) — GEMC holds 637,000 common shares
•SVP is classified as a Capital Pool Company (“CPC”) as defined in the TSX Venture Exchange
(the “TSX-V”) Policy 2.4 (the "CPC Policy").
•The company’s principal business will con’nue to be the iden’fica’on and evalua’on of
- -5
assets or businesses with a view to comple’ng a Qualifying Transac’on.
•No recent news to report.
In addi’on to the above noted securi’es held by GEMC, the Company has iden’fied and is
advancing a diversified pipeline of baLery mineral project holdings i n s a f e , t o p -’er mining
jurisdic’ons providing investors a way to accelerate investment into the global market mega-
trend opportunity.
Summary of Project and Subsidiary Company Holdings:
•100% ownership of U.S. BaLery Minerals Corp., which holds an 100% interest in two baLery
mineral projects, the Lovelock Mine and Treasure Box Project located in Nevada, USA;
•100% interest in Element Minerals Australia Pty Ltd ACN 138 488 909, an Australian company
that is the 49% beneficial owner of the Millennium Cobalt-Copper-Gold Project and 20%
beneficial interest in two neighbouring discovery stage explora’on-stage cobalt-copper-gold
assets, Mt. Dorothy and Cobalt Ridge, all located in Mount Isa, Australia;
•GEMC is free-carried as Metal Bank Ltd earns an 80% interest in Millennium.
•GEMC is also free-carried on Mt. Dorothy and Cobalt Ridge un2l a Feasibility Study is
produced by JV partner Hammer Metals.
•10% ownership of Narvik Nikel, which holds an 100% interest in the Råna Nickel-Copper-
Cobalt project, Norway;
•Kingsrose Mining has commi_ed and is earning up to an 80% interest by spending $15
million in project expenditures.
•For the most recent update on the porIolio of projects, including Råna, held by KRM
please visit their media and announcements sec2on of their website linked here.
•50% interest in the Monument Peak Copper-Silver project in Idaho, USA.
- -6
Summary of Royalty Holdings:
•1% NSR royalty on the Råna Nickel-Copper-Cobalt project, Norway;
•1% NSR royalty on the Mount Dorothy project, Australia;
•1% NSR royalty on the Cobalt Ridge project, Australia; and
•0.5% NSR royalty on the Charlot-Neely Lake, Fontaine Lake, Snowbird, and South Pendleton
uranium projects, Canada.
For Further InformaOon:
Global Energy Metals Corpora’on
#1501-128 West Pender Street
Vancouver, BC, V6B 1R8
Email: [email protected]
t. + 1 (604) 688-4219
www.globalenergymetals.com
TwiLer: @EnergyMetals | @USBaLeryMetals | @ElementMinerals
Global Energy Metals CorporaOon
(TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1)
Global Energy Metals Corp. offers investment exposure to the growing rechargeable ba_ery and
electric vehicle market by building a diversified global porIolio of explora2on and growth-stage
ba_ery mineral assets.
Global Energy Metals recognizes that the prolifera2on and growth of the electrified economy in
the coming decades is underpinned by the availability of ba_ery metals, including cobalt, nickel,
copper, lithium and other raw materials. To be part of the solu 2on and respond to this
electrifica2on movement, Global Energy Metals has taken a ‘consolidate, partner and invest’
approach and in doing so have assembled and are advancing a por Iolio of strategically
significant investments in ba_ery metal resources.
As demonstrated with the Company’s current copper, nickel and cobalt projects in Canada,
Australia, Norway and the United States, GEMC is inves 2ng-in, exploring and developing
prospec2ve, scaleable assets in established mining and processing jurisdic2ons in close proximity
to end-use markets. Global Energy Metals is targe2ng projects with low logis2cs and processing
risks, so that they can be fast tracked to enter the supply chain in this cycle. The Company is also
collabora2ng with industry peers to strengthen its exposure to these cri2cal commodi2es and
the associated technologies required for a cleaner future.
Securing exposure to these cri 2cal minerals powering the eMobility revolu 2on is a
genera2onal investment opportunity. Global Energy Metals believes Now is the Time to be part
of this electrifica2on movement.
CauOonary Statement on Forward-Looking InformaOon:
- -7
Certain informa2on in this release may cons2tute forward-looking statements under applicable
securi2es laws and necessarily involve risks associated with regulatory approvals and 2melines.
Although Global Energy Metals believes the expecta2ons expressed in such forward-looking
statements are based on reasonable assump2ons, such statements are not guarantees of future
performance and actual results or developments may di ffer materially from those in the
forward-looking statements. Except as required by law, the Company undertakes no obliga2on
to update these forward-looking statements in the event that management’s beliefs, es2mates
or opinions, or other factors, should change.
GEMC’s opera2ons could be significantly adversely affected by the effects of a widespread
global outbreak of a contagious disease, including the recent outbreak of illness caused by
COVID-19. It is not possible to accurately predict the impact COVID-19 will have on opera2ons
and the ability of others to meet their obliga 2ons, including uncertain2es rela2ng to the
ul2mate geographic spread of the virus, the severity of the disease, the dura 2on of the
outbreak, and the length of travel and quaran 2ne restric2ons imposed by governments of
affected countries. In addi2on, a significant outbreak of contagious diseases in the human
popula2on could result in a widespread health crisis that could adversely affect the economies
and financial markets of many countries, resul2ng in an economic downturn that could further
affect opera2ons and the ability to finance its opera2ons.
For more informa2on on Global Energy and the risks and challenges of their businesses,
investors should review the filings that are available at www.sedar.com.
Neither TSX Venture Exchange nor its Regula2on Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
We seek safe harbour.