Global Energy Metals Strikes Deal with Terra Balcanica and Fulcrum Metals Gaining Exposure to Highly Prospective Ground FOR Uranium Discovery IN Athabasca Basin, Saskatchewan
GLOBAL ENERGY METALS STRIKES DEAL WITH TERRA BALCANICA AND FULCRUM
METALS GAINING EXPOSURE TO HIGHLY PROSPECTIVE GROUND FOR URANIUM
DISCOVERY IN ATHABASCA BASIN, SASKATCHEWAN
Vancouver, BC / TheNewswire / April 3, 2024 / Global Energy Metals CorporaQon 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 announces that, has terminated its agreement with Fulcrum Metals Plc and struck
a new deal with Terra Balcanica Resources Corp, securing compensa ’on and a royalty over
highly prospec’ve uranium projects in Saskatchewan.
Full details of the transac’on can be found on the Company’s website in a news release issued
earlier in the day.
April 3, 2024: Global Energy Metals Granted Uranium Royalty on Saskatchewan-Based Projects
and Shares in Terra Balcanica; Terminates Agreement with Fulcrum Metals
Highlights:
•Exposure to uranium, a new commodity to Global Energy’s exis’ng project, equity and royalty
porPolio;
•Strategic equity posi’on in Terra Balcanica, a publicly listed mul’-commodity company with a
new focus on uranium explora’on in the Athabasca Basin (“Basin”);
•Historical work at the Projects has demonstrated evidence of uranium mineraliza’on along
favourable structural trends with prospec’ve target horizons based on electromagne ’c
conductors;
•Proximal to northern and southeastern edges of the Basin in northern Saskatchewan, a
premium mining district and leading global source of high-grade uranium;
•Charlot-Neely is located within the emerging Uranium City district on the northwestern
margin of the Basin;
•Explora’on expenditures by Terra totalling $3,250,000 prior to the fourth anniversary of the
Op’on Agreement will aim to determine the resource poten’al for the Projects.
The agreement's termina’on marks a strategic move for Global Energy Metals, as it facilitated a
new partnership between Fulcrum and Terra Balcanica Resources.
Under the op’on agreement between Terra and Fulcrum, Terra intends to acquire a 100%
interest in Fulcrum's uranium projects.
In exchange for termina’ng the prior agreement with Fulcrum, Global Energy Metals will
receive compensa’on equivalent to C$150,000 in shares in Terra upon the op’on agreement's
closing.
Addi’onally, Global Energy Metals will be granted a 0.5% NSR over the Saskatchewan-based
project porPolio, covering 596.71 square kilometres of highly prospec’ve ground for uranium
discovery.
The project porPolio targets major NE-SW trending structures along strike from historic uranium
mines and projects.
GEMC CEO Mitchell Smith commented:
“We are excited to have a.racted such a strong opera4onal partner in Terra Balcanica to apply
their technical and jurisdic4onal exper4se to advance these North American uranium projects at
such a pivotal 4me in this new nuclear era,” Mitchell Smith, GEMC’s CEO said in a statement.
“Through this arrangement, we’re excited to maintain exposure to these high-quality uranium
assets through both the equity posi4on in Terra and the NSR royalty over the porMolio.
"This will bolster Global Energy’s exis4ng project, royalty and equity porMolio to now include
uranium and further demonstrates the company’s ability to mone4ze assets for the benefit of
shareholders.”
Future explora’on efforts, spearheaded by Terra, aim to assess the resource poten’al of the
projects, building on ini’al explora’on and evalua’on conducted by Fulcrum in 2023.
Qualified Person
Mr . Paul Sarjeant, P . Geo., is the qualified person for this release as de fined by Na’onal
Instrument 43-101 - Standards of Disclosure for Mineral Projects. He is a shareholder and
Director of the Company.
For Further InformaQon:
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
Twimer: @EnergyMetals | @USBameryMetals | @ElementMinerals
Global Energy Metals CorporaQon
(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 porMolio of explora4on and growth-stage
ba.ery mineral assets.
Global Energy Metals recognizes that the prolifera4on 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 4on and respond to this
electrifica4on movement, Global Energy Metals has taken a ‘consolidate, partner and invest’
approach and in doing so have assembled and are advancing a por Molio 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 4ng-in, exploring and developing
prospec4ve, scaleable assets in established mining and processing jurisdic4ons in close proximity
to end-use markets. Global Energy Metals is targe4ng projects with low logis4cs and processing
risks, so that they can be fast tracked to enter the supply chain in this cycle. The Company is also
collabora4ng with industry peers to strengthen its exposure to these cri4cal commodi4es and
the associated technologies required for a cleaner future.
Securing exposure to these cri 4cal minerals powering the eMobility revolu 4on is a
genera4onal investment opportunity. Global Energy Metals believes Now is the Time to be part
of this electrifica4on movement.
CauQonary Statement on Forward-Looking InformaQon:
Certain informa4on in this release may cons4tute forward-looking statements under applicable
securi4es laws and necessarily involve risks associated with regulatory approvals and 4melines.
Although Global Energy Metals believes the expecta4ons expressed in such forward-looking
statements are based on reasonable assump4ons, 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 obliga4on
to update these forward-looking statements in the event that management’s beliefs, es4mates
or opinions, or other factors, should change.
GEMC’s opera4ons 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 opera4ons
and the ability of others to meet their obliga 4ons, including uncertain4es rela4ng to the
ul4mate geographic spread of the virus, the severity of the disease, the dura 4on of the
outbreak, and the length of travel and quaran 4ne restric4ons imposed by governments of
affected countries. In addi4on, a significant outbreak of contagious diseases in the human
popula4on could result in a widespread health crisis that could adversely affect the economies
and financial markets of many countries, resul4ng in an economic downturn that could further
affect opera4ons and the ability to finance its opera4ons.
For more informa4on 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 Regula4on 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.