Powered BY Cobalt … Driven BY Demand Global Energy Metals Announces First Option Payment FOR Nevada Cobalt Projects; Begins Exploration Program Planning to Better Understand Project Potential FOR Cobalt, Nickel and Copper
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
Powered by Cobalt … Driven by Demand
GLOBAL ENERGY METALS ANNOUNCES FIRST OPTION
PAYMENT FOR NEVADA COBALT PROJECTS; BEGINS
EXPLORATION PROGRAM PLANNING TO BETTER
UNDERSTAND PROJECT POTENTIAL FOR COBALT, NICKEL
AND COPPER
Vancouver, BC / TheNewswire / March 26, 2019 / Global Energy
Metals Corporation TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1
(“Global Energy Metals”, the “Company” and/or "GEMC") is pleased
to announce that the Company has made its first option payment, as
part of the agreement with Nevada Sunrise Gold Corp., to acquire an
85% interest in the Lovelock Cobalt Mine, under-explored for its high-
grade cobalt-nickel-copper potential, and the adjacent Treasure Box
Project (refer to January 21, 2019 news release). GEMC has issued
384,627 common shares of the Company to Nevada Sunrise and paid
USD$20,000 to the underlying vendor.
Additionally, the Company is also pleased to announce that it is
reviewing exploration plans for both of the properties located in
Churchill County, approximately 150 kilometres east of the Tesla
Gigafactory in Sparks, Nevada.
The program will assist with an ongoing extensive review and
reinterpretation of historic data.
“There has been a tremendous amount of attention placed on the US
for it to stop being merely a bystander in the global battery arms
race and start developing more domestic supplies of battery metals
such as cobalt, nickel and copper to supply its homegrown battery
factories, including Nevada-based Gigafactory 1,” commented
Mitchell Smith, Director & CEO. The Lovelock and Treasure Box
projects are prime examples of US based battery metal projects that
are very prospective and strategically located in close proximity to a
domestic end-user with a large appetite for the critical materials
used in EV and energy storage technology.”
Qualified Person
Mr. Paul Sarjeant, P . Geo., the Company’s QP and Director, is the
qualified person for this release as defined by National Instrument
43-101 - Standards of Disclosure for Mineral Projects and has reviewed
and verified the technical 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
metals related projects with key strategic partners. Global Energy
Metals currently owns 70% of the Werner Lake Cobalt Mine in Ontario,
Canada 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
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.