Powered by Cobalt … Driven by Demand GLOBAL ENERGY METALS ANNOUNCES DTC ELIGIBILITY FOR ITS SHARES TRADED ON THE OTCQB AS GBLEF
TSX.V GEMC
www.globalenergymetals.com
Suite 1501,
Sun Tower
128 West Pender St. Vancouver,
BC
V6B 1R8
T +1.604.688.4219
Twitter @EnergyMetals
Powered by Cobalt … Driven by Demand
GLOBAL ENERGY METALS ANNOUNCES DTC ELIGIBILITY FOR ITS
SHARES TRADED ON THE OTCQB AS GBLEF
Vancouver, BC / TheNewswire / April 25, 2018 / Global Energy Metals
Corporation TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1 (“Global Energy
Metals”, the “Company” and/or "GEMC") is pleased to announce that further
to its news release dated February 20, 2018 , that it has secured DTC
eligibility by The Depository Trust Company for its shares traded on the OTCQB
"GBLEF" effective end of day April 24, 2018.
The DTC is a subsidiary of the Depository Trust & Clearing Corporation ("DTCC")
and manages the electronic clearing and settlement of publicly traded compa-
nies. Securities that are eligible to be electronically cleared and settled through
the DTC are considered "DTC eligible." This electronic method of clearing secu-
rities speeds up the receipt of stock and cash, and thus accelerates the settle-
ment process for investors and brokers, enabling the stock to be traded over a
much wider selection of brokerage firms by coming into compliance with their
requirements.
Being DTC eligible is expected to greatly simplify the process of trading and
exchange the Company’s common stock on the OTC marketplace in the United
States.
“We are pleased to have obtained DTC eligibility ," said Mitchell Smith, Presi-
dent & CEO. "DTC eligibility simplifies the process of trading and transferring
Global Energy Metals’ shares between brokerages in the United States and re-
duces the costs incurred in trading shares. With our shares now DTC eligible,
we expect this to lead to significantly enhancing liquidity and execution speeds,
as well as extending investor awareness of our Company to an even broader
range of investors throughout the United States."
Global Energy Metals is advancing the Millennium Cobalt Project in the Mt. Isa
district of Queensland, Australia. Drilling is ongoing with holes completed
showing an extension to the cobalt bearing mineralization beneath the existing
JORC resource. Following receipt of all assay results the Company will assess
the data to assist with planning subsequent phases of drilling, that will further
define and upgrade known mineralisation in support of a new resource esti-
mate that will be reported as a cobalt equivalent. Global Energy also owns the
high-grade Werner Lake cobalt project in Ontario Canada and has entered into
a joint venture with Marquee Resources of Australia to advance that historic
project with an exploration program to commence in Spring 2018.
The OTCQB Venture is the premier marketplace for entrepreneurial and devel-
opment stage U.S. and international companies that are committed to provid-
ing a high-quality trading and information experience for their US investors. To
be eligible, companies must be current in their financial reporting, pass a min-
imum bid price test, and undergo an annual company verification and manage-
ment certification process. The OTCQB Venture quality standards provide a
strong baseline of transparency, as well as the technology and regulation to
improve the information and trading experience for investors.
U.S. investors can find current financial disclosure and Real-Time Level 2 quotes
for FTE Networks at http://www.otcmarkets.com/stock/GBLEF/quote.
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 metals related projects with key strategic partners.
Global Energy Metals currently owns and is advancing the Werner Lake Cobalt
Mine in Ontario, Canada and has entered into an agreement to earn-in to the
Millennium Cobalt Project 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 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.