Powered BY Cobalt … Driven BY Demand Global Energy Metals President & CEO Continues Corporate Relationship Building with Chinese Battery Manufacturers & Cobalt Investors
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 PRESIDENT & CEO CONTINUES
CORPORATE RELATIONSHIP BUILDING WITH CHINESE
BATTERY MANUFACTURERS & COBALT INVESTORS
VANCOUVER, BC / TNW-ACCESSWIRE / JUNE 12, 2017 / GLOBAL
ENERGY METALS CORP. TSXV:GEMC (“Global Energy Metals”, the
“Company” and/or "GEMC") announces that President & CEO Mitchell
Smith recently completed a visit to Beijing, China to continue
discussions with cathode manufacturing partner Beijing Easpring
Material Technology Co. Ltd. (Easpring).
While in Beijing he also met with recently appointed Chinese
investment representative, New Tigers Consulting, as part of a multi-
day introduction to a number of downstream cobalt users and battery
metal investment groups.
Mitchell Smith, President & CEO commented:
"Cooperation with the world's largest importer and refiner of cobalt
is critical to our strategy of being a supplier of cobalt material to
existing and potentially new partners. We will focus on further
acquisitions of cobalt assets along with an alignment with strategic
funding partners who share our outlook on the need for secure cobalt
supply."
China processes approximately 50% of the world’s cobalt and has long
rooted experience with cobalt extraction and technical expertise
required to manufacture battery cathodes. Within China, Easpring is
recognized as a leader in the battery industry and was the first
supplier to export cathode material to multiple overseas markets
including Japan and Korea. They are a key supplier to five of the
world's six largest lithium battery manufactures and have developed
chemistries that can be used in the automotive electric vehicle
industry.
Recognizing Easpring's vested interest in building an efficient and
reliable raw material supply chain, Global Energy Metals partnered
with the battery cathode manufacturer to jointly invest, develop and
commercialize cobalt assets on a project-by-project basis as
announced in its news release dated March 22, 2017 . Battery
manufacturing intermediaries, like Easpring, and the refining
companies they purchase material from are looking to diversify from
the current dependency on sourcing cobalt from the African copper
belt, namely the Democratic Republic of Congo ("DRC"). Global
Energy's strategy of acquiring projects in jurisdictions outside of the
DRC aligns nicely with Easpring's interests.
Mr. Smith also spent several days meeting with various investment
groups as well as other downstream users of cobalt, all having a keen
interest in the cobalt market.
"Interestingly, the collective view from both battery manufacturers
and investors groups GEMC met with is that Beijing is pushing for the
development of the electrification of vehicles, aiming not only to
make its carmakers competitive in the global automotive industry
but more importantly to reduce the serious air pollution issues at
home," said GEMC's President & CEO. "Cobalt was one of the energy
metals singled out as critical to ensuring these initiatives could be
achieved. They are all determined to gain exposure to cobalt in
some form."
Global Energy Metals Corporation (TSXV:GEMC)
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.
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
Twitter: @EnergyMetals
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.