Powered BY Cobalt … Driven BY Demand Global Energy Metals Announces New Board Directors Concurrent with Closing of Millennium and MT. Isa Cobalt Projects Acquisitions
TSX.V GEMC
www.globalenergymetals.com
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GLOBAL ENERGY METALS ANNOUNCES NEW BOARD
DIRECTORS CONCURRENT WITH CLOSING OF MILLENNIUM
AND MT. ISA COBALT PROJECTS ACQUISITIONS
Vancouver, BC / TheNewswire / July 30, 2018 / Global Energy
Metals Corporation TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1
(“Global Energy Metals”, the “Company” and/or "GEMC") is pleased
to announce the appointment of Mr. Alex Hewlett t o t h e B o a r d o f
Directors subject to the completion of the previously announced 100%
acquisition of the Millennium Cobalt Project (the “Millennium
Property”) as well as the Mt. Dorothy Cobalt Project and the Cobalt
Ridge Project (collectively the “Mt. Isa Projects”).
In addition, the Company is also pleased to announce the
appointment of Mr. Mitchell Smith, the President and CEO of GEMC, to
the Board.
As outlined in the binding agreement announced June 26, 2018 (the
“Agreement”), Global Energy Metals is acquiring from Hammer Metals
the balance of the Millennium Property and the Mt. Isa Projects, and
will now hold 100% of both the Millennium Property and the Mt. Isa
Projects in exchange for common shares of GEMC as is equal to 19.9%
of the issued share capital on the day prior to the date on which
Exchange acceptance for such issuance is sought. Hammer was
granted the right to nominate one individual to GEMC’s Board subject
to the completion of the Agreement. The company expects to
complete on the transaction in the coming weeks.
Erin Campbell, Executive Director, commented on the two
appointments:
“We are in full support of Hammer’s nomination of Mr. Hewlett to
our board of directors as part of this foundational transaction.
Alex’s wide international experience in the natural resource sector
and expertise in the Mt. Isa region will greatly benefit our focus on
growing the Millennium Cobalt project and the building of a new
cobalt district in Queensland, Australia.”
“As GEMC prepares for significant growth, now is the right time to
complement the Board with the vision, leadership and drive that
Mitchell Smith has executed in building a premier cobalt focused
company with strong assets in politically safe, pro-mining
jurisdictions. We are equally as excited to add Mitchell to the
Board.”
Alexander Hewlett, (BSc) MAusIMM, AICD, is a qualified Geologist
graduating from the University of Western Australia. Mr. Hewlett is
the CEO and Director of GEMC’s partner Hammer Metals. Alex worked
as a resource-modelling geologist for CSA Global before taking on
management positions of ASX listed explorers as Managing Director of
US Nickel Ltd and Chairperson of Groote Resources Ltd (now Northern
Manganese Limited). Alex also periodically consults in a technical
capacity for a New York resource focused hedge fund. Alex is a
member of the Australasian Institute of Mining and Metallurgy.
The Company also wishes to announce the departure of Mr. Ray
Castelli as one of its founding Board members. The Board of Directors
thanks Mr. Castelli for his assistance throughout the years and wishes
him well on future ventures. Mr. Castelli will remain with the
Company in an advisory capacity.
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.