Global Energy Metals Provides Update ON Portfolio Companies
GLOBAL ENERGY METALS PROVIDES UPDATE ON PORTFOLIO COMPANIES
Vancouver, BC / TheNewswire / July 11, 2024 / Global Energy Metals CorporaNon 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.
Metal Bank Ltd. (ASX:MBK) — GEMC holds 13,541,000 common shares
Australian Por-olio
•Drilling program underway at the Millennium project in Queensland aimed at tes’ng Fountain
Range-Quamby Fault Zone poten’al and increasing exis’ng Cu/Co Resources.
•Note that GEMC holds a 49% interest in the Millennium project.
•Gold and REE poten’al to be reviewed at Livingstone and Nanular projects in WA
Jordan
•Applica’ons for two new copper explora’on areas in Jordan have been submiUed.
•Ini’al field program completed over new copper porphyry target area in Jordan.
Saudi Arabia
•Posi’ve ini’al mee’ngs held with Saudi Government departments – poten ’al projects of
interest iden’fied.
•MBK now engaging in Licensing Rounds for key explora’on projects in Saudi Arabia.
For more informa6on on the above developments please refer to MBK’s June 4, 2024 ASX
announcement.
High-Tech Metals Ltd. (ASX:HTM) — GEMC holds 2,500,000 common shares
•HTM to commence 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 Weber Lake Project to unlock
poten’al value.
•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.
•HTM to relinquish Ketete LCT Project in Ethiopia.
For more informa6on on the above developments please refer to HTM’s June 28, 2024 ASX
announcement.
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Electric RoyalNes 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 baUeries, 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,
cobalt, nickel, zinc and copper across the world and interests in 32 lithium proper ’es in
Ontario, Canada.
•ELEC is focused predominantly on acquiring royal ’es on advanced stage and opera ’ng
projects to build a diversified por<olio located in jurisdic’ons with low geopoli’cal risk, which
offers investors exposure to the clean energy transi ’on via the underlying commodi’es
required to rebuild the global infrastructure over the next several decades toward a
decarbonized global economy.
For the most recent update on the royal6es held by ELEC, including four projects held by GEMC
(Millennium, Mount Dorothy, Cobalt Ridge and Råna), please visit their news release sec6on of
their website linked here.
Marquee Resources Ltd. (ASX:MQR) — GEMC holds 257,178 common shares
West Spargoville (WSP) & Yindi Projects
•Ground gravity data acquisi’on, processing and interpreta’on has now been completed.
• Results from the surveys show good correla’on between gravity low features and mapped
pegma’tes which have defined mul’ple new targets.
• The comple’on of the gravity surveys represents the final stage of remote sensing data
acquisi’on as the Company moves towards the next phase of drill tes’ng.
• The Company aims to complete ~3,000m of RC drilling at WSP in H1-FY2025.
• At Yindi, a 2,335-hole auger sampling is to commence followed by
up to ~5,000m of RC drilling in H1-FY2025 with a focus at Yindi being mul’ple, kilometre scale,
gold in soil and lithium anomalies.
Reddings REE Project
•Contractor mobilising to commence a further 2,000m RC drilling campaign to delineate a
surficial mineral resource.
• The drill program follows previous drilling results which include:
o 5m @ 9,100ppm TREO from surface, inc. 2m @ 18,600ppm TREO from 2m
(MQRC041).
o 14m @ 980ppm TREO from surface (MQRC170).
• Results from recent and historical work indicate the poten’al for mul’ple zones of shallow
mineralisa’on.
For the most recent update on the por -olio of projects held by MQR please visit their
announcements sec6on of their website linked here.
Terra Balcanica Resources Corp. (CSE:TERA) — GEMC will, subject to regulatory approval, be
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compensated with the equivalent of C$150,000 in shares in Terra and granted a 0.5% NSR over
the Saskatchewan based project porholio on closing.
•TERA entered into a defini’ve op’on agreement with a wholly owned subsidiary of Fulcrum
Metals Plc., (“Fulcrum” , AIM:FMET) 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 of 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.
For more informa6on on the above developments please refer to TERA’s July 3, 2024 news
release and/or GEMC’s July 3, 2024 news release.
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
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 baUery 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. BaUery Minerals Corp., which holds an 100% interest in two baUery
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 un6l 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 por-olio of projects, including Råna, held by KRM
please visit their media and announcements sec6on of their website linked here.
•50% interest in the Monument Peak Copper-Silver project in Idaho, USA; and
•50% interest in the Chance Lake and Amiral projects in Quebec, Canada.
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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 (Closing pending - see above).
For Further InformaNon:
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
TwiUer: @EnergyMetals | @USBaUeryMetals | @ElementMinerals
Global Energy Metals CorporaNon
(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 por-olio of explora6on and growth-stage
ba‘ery mineral assets.
Global Energy Metals recognizes that the prolifera6on 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 6on and respond to this
electrifica6on movement, Global Energy Metals has taken a ‘consolidate, partner and invest’
approach and in doing so have assembled and are advancing a por -olio 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 6ng-in, exploring and developing
prospec6ve, scaleable assets in established mining and processing jurisdic6ons in close proximity
to end-use markets. Global Energy Metals is targe6ng projects with low logis6cs and processing
risks, so that they can be fast tracked to enter the supply chain in this cycle. The Company is also
collabora6ng with industry peers to strengthen its exposure to these cri6cal commodi6es and
the associated technologies required for a cleaner future.
Securing exposure to these cri 6cal minerals powering the eMobility revolu 6on is a
genera6onal investment opportunity. Global Energy Metals believes Now is the Time to be part
of this electrifica6on movement.
CauNonary Statement on Forward-Looking InformaNon:
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Certain informa6on in this release may cons6tute forward-looking statements under applicable
securi6es laws and necessarily involve risks associated with regulatory approvals and 6melines.
Although Global Energy Metals believes the expecta6ons expressed in such forward-looking
statements are based on reasonable assump6ons, 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 obliga6on
to update these forward-looking statements in the event that management’s beliefs, es6mates
or opinions, or other factors, should change.
GEMC’s opera6ons 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 opera6ons
and the ability of others to meet their obliga 6ons, including uncertain6es rela6ng to the
ul6mate geographic spread of the virus, the severity of the disease, the dura 6on of the
outbreak, and the length of travel and quaran 6ne restric6ons imposed by governments of
affected countries. In addi6on, a significant outbreak of contagious diseases in the human
popula6on could result in a widespread health crisis that could adversely affect the economies
and financial markets of many countries, resul6ng in an economic downturn that could further
affect opera6ons and the ability to finance its opera6ons.
For more informa6on 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 Regula6on 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.