Powered BY Cobalt … Driven BY Demand Global Energy Metals Announces Private Placement Financing; Enters into Strategic Relationship with Goldspot Discoveries Corp . to Apply AI Technology at Lovelock and Treasure Box Projects IN Nevada
TSX.V GEMC
www.globalenergymetals.com
Suite 1501,
Sun Tower
128 West Pender St. Vancouver,
BC
V6B 1R8
T +1.604.688.4219
TwiGer @EnergyMetals
Powered by Cobalt … Driven by Demand
GLOBAL ENERGY METALS ANNOUNCES PRIVATE PLACEMENT
FINANCING; ENTERS INTO STRATEGIC RELATIONSHIP WITH
GOLDSPOT DISCOVERIES CORP . TO APPLY AI TECHNOLOGY AT
LOVELOCK AND TREASURE BOX PROJECTS IN NEVADA
Vancouver, BC / TheNewswire / February 22, 2022 / Global Energy Metals
CorporaRon TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1 (“Global Energy
Metals” , the “Company” and/or “GEMC”), a company involved in investment
exposure to the baGery metals supply chain, is pleased to announce that it
has entered into a strategic rela Nonship with GoldSpot Discoveries Corp.
(TSXV: SPOT , OTCQX: SPOFF) ("GoldSpot") to assist in the advancement of the
Company's Treasure Box and Lovelock Mine projects located approximately
150 km (100 miles) east of Reno, Nevada. GoldSpot will u Nlize its arNficial
intelligence and machine learning technologies to op Nmize exploraNon
targets, allowing the Company to beGer focus drilling efforts and unlock value
across its significant landholdings in the highly prospecNve SNllwater Range in
Nevada.
CommenRng on the relaRonship, Mitchell Smith, President and CEO stated:
"We are delighted to welcome GoldSpot as a strategic service provider and
shareholder of Global Energy Metals. It will be a busy season for our Nevada-
based cobalt, copper and nickel projects, and believe the proper Ces will
benefit tremendously from the assistance of GoldSpot's technologies and
data-driven approach to exploraCon. We welcome the strong interest and
investment into the private placement from GoldSpot and look forward to
working with them to evaluate and unlock the potenCal of both the Treasure
Box and Lovelock Mine projects."
CommenRng on the partnership with Global Energy Metals, Vincent Dubé-
Bourgeois, CEO & Director of GoldSpot Discoveries Corp., stated:
"GoldSpot is excited to be partnering and applying our proprietary technology
to Global Energy Metals’ criCcal metal projects. We believe the market has
underesCmated the value of the company and that of its strategic property
porLolio including those projects in Nevada. The opportunity that the
Lovelock Mine and Treasure Box land package holds is substan Cal and we
believe the large number of potenCal targets on the property are ripe for
further analysis and refining under our team's technological and geological
guidance."
The Company also announces that it intends to complete a non-brokered
private placement financing of up to C$1.0 million (the “Offering”). Closing of
the Placement is condiNonal on acceptance of the TSX Venture Exchange.
The Offering will consist of 4,000,000 units (the “Units”) at a price of $0.25
per Unit for gross proceeds of up to C$1.0 million. Each Unit will consist of
one common share (a "Common Share") in the capital of the Company and
one transferrable share purchase warrant (a “Warrant”). Each transferrable
warrant will be exercisable to purchase an addiNonal share of the Company
for a period of 24 months from the closing date at a price of C$0.40. The net
proceeds of the Offering will be directed toward further explora Non and
development of its baGery mineral properNes with a focus on the Lovelock
Mine and Treasure Box projects in Nevada, USA. Funds will also be used to
support potenNal future acquisiNons as well as for general corporate and
working capital purposes allowing for ongoing growth strategy execuNon.
Certain insiders of Global Energy Metals may par Ncipate in the Offering;
however, the total parNcipaNon by insiders is not expected to exceed 25% of
the Offering.
The Company has agreed to and may pay a finder’s fee of 8% cash and 8%
broker warrants for Units sold to certain investors (“Broker Warrants”). Each
Broker Warrant enNtles the holder to acquire one common share of the
Company at a strike price of $0.40 for a period of one year from the date of
issuance.
Warrants are subject to an accelera Non clause whereby if on any 10
consecuNve trading days occurring aler four months and one day has elapsed
from the closing date, the daily volume weighted average trading price of the
common shares of the Company is at least $0.50 per share, the Company may
accelerate the expiry date of the warrants to the 30th day aler the date on
which the Company gives noNce to the subscriber in accordance with the
warrant of such acceleraNon.
All securiNes to be issued pursuant to the Offering will be subject to a four
month hold period from the closing date under applicable securiNes laws in
Canada and among other things, receipt by Global Energy Metals of all
necessary regulatory approvals, including the TSX Venture Exchange.
The securiNes issued in connecNon with the Offering have not been nor will
they be registered under the United States Securi Nes Act of 1933, as
amended, or state securiNes laws, and may not be offered or sold in the
United States or to an account for the bene fit of US persons, absent such
registraNon or an exempNon from registraNon. This press release shall not
consNtute an offer to sell or the solicitaNon of an offer to buy the securiNes in
the United States or in any jurisdicNon in which such offer, sale, or solicitaNon
would be unlawful.
Global Energy Metals Corporation
(TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1)
Global Energy Metals Corp. o ffers investment exposure to the growing
rechargeable baOery and electric vehicle market by building a diversi fied
global porLolio of exploraCon and growth-stage baOery mineral assets.
Global Energy Metals recognizes that the prolifera Con and growth of the
electrified economy in the coming decades is underpinned by the availability
of baOery metals, including cobalt, nickel, copper, lithium and other raw
materials. To be part of the solu Con and respond to this electri ficaCon
movement, Global Energy Metals has taken a ‘consolidate, partner and invest’
approach and in doing so have assembled and are advancing a por Lolio of
strategically significant investments in baOery metal resources.
As demonstrated with the Company’s current copper, nickel and cobalt
projects in Canada, Australia, Norway and the United States, GEMC is
invesCng-in, exploring and developing prospec Cve, scaleable assets in
established mining and processing jurisdicCons in close proximity to end-use
markets. Global Energy Metals is targeCng projects with low logisCcs and
processing risks, so that they can be fast tracked to enter the supply chain in
this cycle. The Company is also collabora Cng with industry peers to
strengthen its exposure to these cri Ccal commodiCes and the associated
technologies required for a cleaner future.
Securing exposure to these criCcal minerals powering the eMobility revoluCon
is a generaConal investment opportunity. Global Energy Metals believe the the
Cme to be part of this electrificaCon movement.
For Further InformaRon:
Global Energy Metals CorporaNon
#1501-128 West Pender Street
Vancouver, BC, V6B 1R8
Email: [email protected]
t. + 1 (604) 688-4219
www.globalenergymetals.com
TwiGer: @EnergyMetals | @USBaGeryMetals | @ElementMinerals
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CauRonary Statement on Forward-Looking InformaRon:
Certain informaCon in this release may consCtute forward-looking statements
under applicable securiCes laws and necessarily involve risks associated with
regulatory approvals and Cmelines. Although Global Energy Metals believes
the expectaCons expressed in such forward-looking statements are based on
reasonable assumpCons, 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 Con to update these forward-looking
statements in the event that management’s beliefs, esCmates or opinions, or
other factors, should change.
GEMC’s operaCons 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 operaCons and the ability of others to meet
their obligaCons, including uncertainCes relaCng to the ulCmate geographic
spread of the virus, the severity of the disease, the duraCon of the outbreak,
and the length of travel and quaranCne restricCons imposed by governments
of affected countries. In addiCon, a significant outbreak of contagious diseases
in the human populaCon could result in a widespread health crisis that could
adversely affect the economies and financial markets of many countries,
resulCng in an economic downturn that could further affect operaCons and
the ability to finance its operaCons.
For more informaCon 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 RegulaCon 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.