GEMC.V · 2023-07-06 12:00:00

Powered by Cobalt … Driven by Demand GLOBAL ENERGY METALS REPORTS COMMENCEMENT OF DRILLING AT THE RÅNA NICKEL-COPPER-COBALT PROJECT IN NORWAY

Exploration Programs

TSX.V GEMC

www.globalenergymetals.com

Suite 1501,

Sun Tower

128 West Pender St. Vancouver,

V6B 1R8

T +1.604.688.4219

TwiGer @EnergyMetals

GLOBAL ENERGY METALS REPORTS COMMENCEMENT OF

DRILLING AT THE RÅNA NICKEL-COPPER-COBALT PROJECT IN

NORWAY

Vancouver, BC / TheNewswire / July 6, 2023 / Global Energy Metals

CorporaTon TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1 (“Global Energy

Metals” , the “Company” and/or “GEMC”) , a mulK-jurisdicKonal, mulK-

commodity criKcal mineral exploraKon and development company focused on

growth-oriented baGery metal projects supporKng the global transiKon to

clean energy, is pleased to report that its strategic partner, Kingsrose Mining

Limited (“Kingsrose”), has commenced core drilling at the Råna nickel-copper-

cobalt sulphide project in Nordland County, Norway (Figure 1).

Figure 1: Råna geology, prospects and geophysical survey areas

A total of 5,000 metres is planned with the aim of tesKng along strike from

known mineralisaKon, targeKng highly conducKve zones idenKﬁed in

geophysical surveys which have the potenKal to host massive sulphide nickel-

copper-cobalt mineralisaKon and facilitaKng future downhole electromagneKc

geophysical surveys to generate addiKonal targets.

Highlights

• Drilling has commenced at the Bruvann Mine area, iniKally targeKng along

strike and down dip extensions to mineralisaKon inferred from interpretaKon

of historical drilling results.

• The ground-based magnetotelluric (MT) and ﬁxed loop electromagneKc

(FLEM) surveys at Bruvann have been completed and 3D data inversions are

being interpreted to generate further drill targets.

•Newexco consultants in Australia have been engaged to assist with

interpretaKon of the FLEM and MT data given their experience with

similar nickel sulphide explora Kon projects, including the Nova

Bollinger project in the Albany-Fraser Orogen, Western Australia.

• A ground-based MT survey is in progress at the Rånbogen prospect to gen-

erate drill targets where mulKple outcropping zones of sulphide mineralisa-

Kon returned greater than 1% nickel in rock-chip sampling (see ASX an -

nouncement dated 18 January 2023), for drill tesKng later in the drill program.

• Airborne Magnetotelluric geophysical data acquisiKon is complete and data

inversion is in progress. These results will help guide further exploraKon over

the rest of the intrusion.

• A detailed drone-based magneKc survey has commenced over the Bruvann

and Rånbogen prospect areas.

Mitchell Smith, CEO and Director of Global Energy commented:

“I am pleased that our strategy of a=rac>ng well ﬁnanced, technically skilled

partners on a project level is once again a ﬀording our shareholders

explora>on upside on an important ba=ery metals project at such a pivotal

>me as the world transi>ons towards new energy systems requiring key

metals such as nickel, copper and cobalt that make up the Råna project.

We’re excited to see Råna drilled by Kingsrose and look forward to repor>ng

ﬁndings in the near future.”

Andrew Tunningley, Kingsrose Head of ExploraTon, commented:

“We have rapidly acquired an extensive and mul>faceted geophysical dataset

which is a key component in unlocking the explora>on poten>al at Råna. With

the drill rig now on site our priority is to test along strike from known

mineralisa>on at the Bruvann Mine whilst we generate addi>onal drill targets

from the geophysical data. The en>re basal part of the intrusion is considered

prospec>ve for discrete zones of massive sulphide mineralisa >on, and the

combined geophysics and drilling are a key step in understanding where

mineralisa>on may be concentrated.”

Kingsrose Mining Limited

Kingsrose is a leading sustainability-conscious and technically pro ﬁcient

mineral exploraKon company listed on the ASX. The Company has a discovery-

focused strategy, targeKng the acquisiKon and exploraKon of criKcal mineral

deposits having Tier-1 potenKal, that has resulted in the acquisiKon of, or joint

venture into, the Råna nickel-copper-cobalt, Penikat PGE and Porsanger PGE-

nickel-copper projects in Finland and Norway. AddiKonally, Kingsrose has been

selected for the ﬁrst cohort of the BHP Xplor exploraKon accelerator program

which commenced in January 2023.

Qualiﬁed Person

Mr . Paul Sarjeant, P . Geo., a Director and shareholder is the qualiﬁed person

for this release as deﬁned by NaKonal Instrument 43-101 - Standards of

Disclosure for Mineral Projects.

For Further InformaTon:

Global Energy Metals CorporaKon

#1501-128 West Pender Street

Vancouver, BC, V6B 1R8

Email: [email protected]

t. + 1 (604) 688-4219

www.globalenergymetals.com

TwiGer: @EnergyMetals | @USBaGeryMetals | @ElementMinerals

Global Energy Metals CorporaTon

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

Global Energy Metals Corp. o ﬀers investment exposure to the growing

rechargeable ba=ery and electric vehicle market by building a diversi ﬁed

global porSolio of explora>on and growth-stage ba=ery mineral assets.

Global Energy Metals recognizes that the prolifera >on 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 >on and respond to this electri ﬁca>on

movement, Global Energy Metals has taken a ‘consolidate, partner and invest’

approach and in doing so have assembled and are advancing a por Solio 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>ng-in, exploring and developing prospec >ve, scaleable assets in

established mining and processing jurisdic>ons in close proximity to end-use

markets. Global Energy Metals is targe>ng projects with low logis>cs and

processing risks, so that they can be fast tracked to enter the supply chain in

this cycle. The Company is also collabora >ng with industry peers to

strengthen its exposure to these cri >cal commodi>es and the associated

technologies required for a cleaner future.

Securing exposure to these cri>cal minerals powering the eMobility revolu>on

is a genera>onal investment opportunity. Global Energy Metals believes Now

is the Time to be part of this electriﬁca>on movement.

CauTonary Statement on Forward-Looking InformaTon:

Certain informa>on in this release may cons>tute forward-looking statements

under applicable securi>es laws and necessarily involve risks associated with

regulatory approvals and >melines. Although Global Energy Metals believes

the expecta>ons expressed in such forward-looking statements are based on

reasonable assump>ons, 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 obliga >on to update these forward-looking

statements in the event that management’s beliefs, es>mates or opinions, or

other factors, should change.

GEMC’s opera>ons 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 opera>ons and the ability of others to meet

their obliga>ons, including uncertain>es rela>ng to the ul>mate geographic

spread of the virus, the severity of the disease, the dura>on of the outbreak,

and the length of travel and quaran>ne restric>ons imposed by governments

of aﬀected countries. In addi>on, a signiﬁcant outbreak of contagious diseases

in the human popula>on could result in a widespread health crisis that could

adversely aﬀect the economies and ﬁnancial markets of many countries,

resul>ng in an economic downturn that could further aﬀect opera>ons and

the ability to ﬁnance its opera>ons.

For more informa>on 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 Regula>on 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.

← Back to feed