GEMC.V · 2023-09-06 12:00:00

Powered BY Cobalt … Driven BY Demand Global Energy Metals Announces Investee Company High-Tech Metals Acquires Historical Nickel Sulphide Project Following Recently Discovered Nickel Potential at Werner Lake

Mergers & Acquisitions Property Options & Staking Exploration Programs

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www.globalenergymetals.com

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TwiGer @EnergyMetals

GLOBAL ENERGY METALS ANNOUNCES INVESTEE COMPANY

HIGH-TECH METALS ACQUIRES HISTORICAL NICKEL SULPHIDE

PROJECT FOLLOWING RECENTLY DISCOVERED NICKEL POTENTIAL

AT WERNER LAKE

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

CorporaVon 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 High-Tech Metals Limited (“High-Tech”

and/or “HTM”), an equity investee of GEMC, has signi ﬁcantly increased its

exposure to nickel sulphides and copper through the acquisi Kon of the

Norpax Nickel Sulphide Deposit and the Reynar Lake Ni-Cu-Co Project (the

Projects”).

Norpax Nickel Sulphide Deposit:

•A historical non-NI 43-101 compliant resource of 1,010,000 tonnes 1.2% Ni

and 0.5% Cu (refer to Canadian Mines Handbook 1963, pg 215).

•The deposit lies ~1 km west of HTM’s exisKng project, Werner Lake, and

along the Werner Lake Belt.

•The Norpax nickel mineralisaKon sits on a known mineralised fault zone, the

regional scale Werner-Gordon-Rex lake fault which extends from Rayner

Lake in the west, passing under Almo Lake, east through the Werner Lake Co

and Gordon Lake Cu-Ni deposits to Rex Lake.

•Mineralised peridoKte is known to host many signi ﬁcant nickel deposits

such as companies Mincor Resources Ltd in Kambalda and also Azure Min-

erals Ltd (ASX:AZS) Andover project’s ultramaﬁc zone, which is in part peri-

doKte.

•The area has a rich history in nickel sulphide mines with the old Gordon

Lake Mine located 3.5 km to the East of Werner Lake, which produced

1,370,285 tons averaging 0.92% Ni and 0.47% Cu and has exisKng reserves

of 170,420 tonnes averaging 0.85% Ni and 0.35% Cu2.

Reynar Lake Ni-Cu-Co Project:

•Reynar Lake project immediately adjoins HTM’s Werner Lake Project.

•The ground is highly prospecKve for Ni, Cu and Co and should the opKon be

exercised, it will provide HTM with addiKonal landholding to potenKally in-

crease its cobalt resource and explore for addiKonal nickel sulphide mineral-

isaKon.

High-Tech plans to build on the recent exploraKon success at Werner Lake

that conﬁrmed not only the copper-cobalt potenKal of the project, but also

the discovery of high-grade nickel sulphide at surface, and will immediately

begin planning exploraKon on the newly acquired Projects.

As part of the acquisiKon of the Projects, HTM plans to undertake:

•A review of all available geological data.

•Prepare a systemaKc geochemical sampling program of known mineral

occurrences on the projects in conjuncKon with reconnaissance geological

mapping.

•Relog and assay of any available historic core.

This acquisiKon and opKon on highly prospecKve properKes follows signiﬁcant

results having been achieved through the Ni-Cu-Co geochemical assessment

of 209 rock samples and a successful orientaKon ground geophysical program,

(Refer to High-Tech’s ASX Releases dated 20th April 2023 and 26th May 2023)

which was pivotal in idenKfying potenKal mineral deposits and improving the

understanding of the geological structure of the area.

High-Tech is in the ﬁnal steps of planning its maiden drill program at Werner

Lake targeKng high priority drill targets, with drilling planned for this Fall/

Autumn. Drill targeKng is focussing on proximity of signi ﬁcant base metal

results with high magneKc anomalies.

In January 2023 GEMC completed the divestment of its 70% interest in the

Werner Lake Project to High-Tech. The Company currently holds 2.5 million

High-Tech shares represenKng a 7.61% interest in the ASX company. See news

release linked here: h Gps://globalenergymetals.com/news/global-energy-

metals-announces-high-tech-metals-raises-aud-4.718m-lists-on-the-asx-and-

completes-on-acquisiKon-of-the-werner/.

For further details regarding the acquisiKon and opKon terms and details

along with informaKon on the Werner Lake Cobalt Project please refer to the

High-Tech Metals ASX announcement on their website.

High-Tech Metals Limited

High-Tech Metals Limited (ASX:HTM) is an ASX-listed company focused on the

exploraKon and development of its ﬂagship, 100 per cent owned Werner Lake

Cobalt Project (the Project) located in north-western Ontario, within the

Kenora Mining District, approximately 85 km north-northwest of Kenora,

Ontario and approximately 170 km east-northeast of Winnipeg, Manitoba.

The Project was acquired from Global Energy Metals CorporaKon (70%) and

Marquee Resources Limited (30%).

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 InformaVon:

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 | @USBa>eryMetals | @ElementMinerals

Global Energy Metals CorporaVon

(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 por@olio of exploraBon and growth-stage ba<ery mineral assets.

Global Energy Metals recognizes that the prolifera Bon 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 Bon and respond to this electri ﬁcaBon

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

approach and in doing so have assembled and are advancing a por @olio 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

invesBng-in, exploring and developing prospec Bve, scaleable assets in

established mining and processing jurisdicBons in close proximity to end-use

markets. Global Energy Metals is targeBng projects with low logisBcs and

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

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

strengthen its exposure to these cri Bcal commodiBes and the associated

technologies required for a cleaner future.

Securing exposure to these criBcal minerals powering the eMobility revoluBon

is a generaBonal investment opportunity. Global Energy Metals believes Now

is the Time to be part of this electriﬁcaBon movement.

CauVonary Statement on Forward-Looking InformaVon:

Certain informaBon in this release may consBtute forward-looking statements

under applicable securiBes laws and necessarily involve risks associated with

regulatory approvals and Bmelines. Although Global Energy Metals believes

the expectaBons expressed in such forward-looking statements are based on

reasonable assumpBons, 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 Bon to update these forward-looking

statements in the event that management’s beliefs, esBmates or opinions, or

other factors, should change.

GEMC’s operaBons 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 operaBons and the ability of others to meet

their obligaBons, including uncertainBes relaBng to the ulBmate geographic

spread of the virus, the severity of the disease, the duraBon of the outbreak,

and the length of travel and quaranBne restricBons imposed by governments

of aﬀected countries. In addiBon, a signiﬁcant outbreak of contagious diseases

in the human populaBon could result in a widespread health crisis that could

adversely aﬀect the economies and ﬁnancial markets of many countries,

resulBng in an economic downturn that could further aﬀect operaBons and

the ability to ﬁnance its operaBons.

For more informaBon 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 RegulaBon 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.

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