GEMC.V · 2019-06-06 12:00:00

News Agencies Global Energy Metals Receives Approval FOR Acquisition of Right to Use RE-2OX Technology at

Mergers & Acquisitions

TSX.V GEMC 

www.globalenergymetals.com

Suite 1501,

Sun Tower

128 West Pender St. Vancou-

ver , BC

V6B 1R8

T +1.604.688.4219

Twitter @EnergyMetals

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NEWS AGENCIES

GLOBAL ENERGY METALS RECEIVES APPROVAL FOR

ACQUISITION OF RIGHT TO USE RE-2OX TECHNOLOGY AT

NEVADA BATTERY METALS PROJECTS

Vancouver, BC / TheNewswire / June 6, 2019 / Global Energy

Metals Corporation TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1

(“Global Energy Metals”, the “Company” and/or “GEMC”) along

with partner Canada Cobalt Works (TSXV:CCW) are pleased to

announce that the TSX Venture Exchange approved the acquisition of

the right to use Canada Cobalt Works’ Re-2OX technology t o

accelerate the advancement of the Lovelock Cobalt Mine and Treasure

Box projects.

Highlights

•Re-2OX skips the normal smelting process to achieve exceptionally

high recovery rates for cobalt, nickel and copper, while also

removing 99% of arsenic expanding the potential of the Lovelock

mine by potentially creating battery grade cobalt sulphate.

•The hydrometallurgical process will complement a wider exploration

and drilling program that will allow for reinterpretation of historic

data and a better understanding of the ability to unlock potential

from GEMC’s Nevada based projects.

•GEMC is currently formulating plans for exploration and drilling

programs to advance the battery minerals project.

•The Lovelock and Treasure Box projects represent an unique

opportunity to make a new battery metals discovery in Nevada, a

proven mining district ranked as the most attractive mining

jurisdiction by the Fraser Institute’s Annual Survey of Mining

Companies, 2018.

The Transaction

Details of the transaction is described in an agreement announced on

May 30, 2019, pursuant to which the Company has agreed to purchase

a right to use for a period of one year Canada Cobalt Works’ Re-2OX

technology. In consideration for use of the technology, GEMC shall

pay to Canada Cobalt Works a cash payment of $50,000 and issue

2,000,000 units (“Units”) of GEMC at a price of $0.075 per Unit for

deemed consideration of $150,000.

Each of the Units shall consist of one common share and one

transferable common share purchase warrant (collectively,

“Warrants”) with each of the Warrants entitling the holder thereof to

acquire one common share of GEMC at the exercise price of $0.10 per

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NEWS AGENCIES

share for a period of 36 months from the date of issuance of the

Warrants. Warrants are subject to an acceleration clause whereby if

on any 10 consecutive trading days occurring after four months and

one day has elapsed from their issuance, the daily volume weighted

average trading price of the common shares of GEMC is at least $0.20

per share, GEMC may accelerate the expiry date of the warrants to

the 30th day after the date on which GEMC gives notice to Canada

Cobalt Works in accordance with the terms of the Warrants of such

acceleration.

Qualified Person

Mr. Paul Sarjeant, P . Geo., is the qualified person for this release as

required by National Instrument 43-101 - Standards of Disclosure for

Mineral Projects a n d h a s r e v i e w e d a n d v e r i f i e d t h e t e c h n i c a l

information contained herein.

Global Energy Metals Corporation

(TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1)

Global Energy Metals is focused on offering security of supply of

cobalt, a critical material to the growing rechargeable battery

market, by building a diversified global portfolio of cobalt assets

including project stakes, projects and other supply sources. GEMC

anticipates growing its business by acquiring project stakes in battery

metal-related projects with key strategic partners. Global Energy

Metals currently owns 70% of the Werner Lake Cobalt Mine in Ontario,

Canada, has an option to acquire an 85% interest in two cobalt

exploration projects in Nevada, 150 km east of the Tesla-Panasonic

Gigafactory 1, and has entered into an agreement to acquire 100% of

the Millennium Cobalt Project and two neighbouring discovery stage

exploration-stage cobalt assets in Mt. Isa, Australia.

For Further Information:

Global Energy Metals Corporation

#1501-128 West Pender Street

Vancouver, BC, V6B 1R8

Email: [email protected]

t. + 1 (604) 688-4219 extensions 236/237

Cautionary Statement on Forward-Looking Information:

Certain information in this release may constitute forward-looking

statements under applicable securities laws and necessarily involve

risks associated with regulatory approvals and timelines. Although

Global Energy Metals believes the expectations expressed in such

forward-looking statements are based on reasonable assumptions,

such statements are not guarantees of future performance and actual

results or developments may differ materially from those in the

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NEWS AGENCIES

forward-looking statements. Except as required by law, the Company

undertakes no obligation to update these forward-looking statements

in the event that management’s beliefs, estimates or opinions, or

other factors, should change. For more information 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 Regulation 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.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS

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DISSEMINATION IN THE UNITED STATES, AND DOES NOT

CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER

TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE

UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL

NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT

OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY

NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S.

PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

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