Powered BY Cobalt … Driven BY Demand Global Energy Metals Provides Corporate Update and Outlook ON the Battery Minerals Sector Emphasizing the Company’S Exposure to What is Becoming the Biggest Investment Trend Today - Global Electrification and Energy Storage
TSX.V GEMC
www.globalenergymetals.com
Suite 1501,
Sun Tower
128 West Pender St. Vancou-
ver , BC
V6B 1R8
T +1.604.688.4219
Twitter @EnergyMetals
Powered by Cobalt … Driven by Demand
GLOBAL ENERGY METALS PROVIDES CORPORATE UPDATE
AND OUTLOOK ON THE BATTERY MINERALS SECTOR
EMPHASIZING THE COMPANY’S EXPOSURE TO WHAT IS
BECOMING THE BIGGEST INVESTMENT TREND TODAY -
GLOBAL ELECTRIFICATION AND ENERGY STORAGE
Vancouver, BC / TheNewswire / October 31, 2019 / Global Energy
Metals Corporation TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1
(“Global Energy Metals”, the “Company” and/or "GEMC") is pleased
to report the following update with respect to recent corporate
activities and provide commentary to the general sense of the battery
minerals market as the company has been recently representated at a
number of key international events including participation in a
bilateral government sponsored trade and investment mission in
Seoul, South Korea, attending Asia’s largest mining summit in Tianjin,
China and presenting the “Case for Cobalt” at the CRU Ryan’s Notes
Ferroalloys Conference in Miami, USA.
“Lithium-ion batteries are at the heart of the current and future en-
ergy transition. Batteries that are ‘Powered by Cobalt’ ... an in -
vestable mineral, critical for the future of the eMobility revolution.
To get exposure to the battery and energy storage opportunity,
maybe the biggest investment growth opportunity there is at the
moment, one needs to look at the companies securing the metals
critical to the space. Global Energy offers that exposure at a base-
ment level entry cost,” commented Mitchell Smith, President & CEO
during a recent interview with U.K. based Share-Talk Ltd.
Six-Month Recap
In what's been a challenging market, GEMC has been very active in
advancing its multi-continental project initiatives while strengthening
its understanding of the potential for the battery mineral assets.
In early summer 2019 the Company commenced an exploration
program to better understand potential of Lovelock and Treasure Box,
it’s Nevada-based cobalt, nickel, copper properties. The maiden
program included UAV- MAG airborne surveying and orthophoto digital
modelling (results pending), never before done underground sampling
and mapping and extensive field work including multiple site visits,
all in preparation for defining drill targets for a next-phase program.
The Company formed a strong partnership with TSX-V listed Canada
Cobalt Works and acquired the right to use their RE-20x technology, a
process that skips the normal smelting process to achieve
exceptionally high recovery rates for cobalt, nickel and copper
amongst other minerals, while also removing 99% of the arsenic
expanding the potential of the Lovelock mine by ultimately creating
battery grade cobalt sulphate.
GEMC also increased its land position areas contiguous to its current
holdings in Nevada building a strong footprint in what’s been rated by
Fraser Institute as the best jurisdiction in 2019 for mining investment.
Given strong metallurgical and drill results the Company revised its
agreement with ASX listed Hammer Metals and completed a
transformational acquisition by taking 100% ownership of the flagship
Millennium project along with two highly prospective projects in
Mount Isa - Mt. Dorothy and Cobalt Ridge - all in Queensland Australia.
The Millennium Project Report
Reiterating the potential of Millennium, the Company filed a Technical
Report highlighting the upside opportunity and resource expansion
potential for the cobalt-copper bearing project.
This also led to a partnership with ASX listed industry peer, Cobalt
Blue Holdings, to investigate cobalt-copper-gold recovery potential
for Millennium. Studies are ongoing with results pending.
Canada-Korea Investment & Trade Mission
Korea is an auto manufacturing and high tech hub – industries that
rely on critical minerals such as rare earth elements and battery met-
als like lithium, cobalt, graphite and nickel.
Because of this, Korea is very active in seeking to secure global value
chains for these critical minerals and to reduce their reliance on im-
ports from non-market economies. The Canadian government realized
this and because of the free-trade agreement in place organized a
trade and investment summit.
In this context, through this government sponsored mission, it allowed
Global Energy Metals to position itself as a near-term solution to Ko-
rea’s challenges and gaps in securing a safe supply of critical metals
needed to fuel growth in its domestic industries including energy
storage and vehicle electrification.
2019 Canada Mining Delegation Tour of EcoPro Battery Factory in
South Korea
A strong outcome from the summit was achieved having established
ongoing conversation with some of the world’s largest battery cath-
ode manufacturers.
Showcasing Battery Metal Investment at Asia’s Top Mining Summit
The Comapny was represented at the 2019 China Mining Summit in
Tianjin, China by its China-based strategic advisor, Dr. Wei Qian who
held several meetings with various Chinese and worldwide groups
seeking cooperation and business opportunities in the battery
minerals sector that expressed a keen interest in procuring safe
jurisdictional battery minerals supply.
Companies like Beijing Easpring Material Technology Company which
the Global Energy first entered a long-term strategic cooperation
agreement with in March of 2017 to jointly invest in and develop
cobalt projects.
Overall an emphasis was made to highlight GEMC as a future source of
cobalt, nickel and copper from the Company’s strong portfolio of
growth stage projects in Australia, Canada and the United States.
CRU Ryan’s Notes Ferroalloys Conference
CEO, Smith was asked to represent the cobalt sector for the second
time at what is considered the most important and largest annual
gathering of ferroalloy professionals in the US. The conference has a
trusted track-record for delivering 640+ delegates including
producers, traders, and consumers, operating across a wide range of
bulk ferroalloys, minor metals, and powder product markets from
across the full supply chain and facilitating intensive deal-making on a
scale that's second to none.
It was there, in Miami that Smith recognized the US dependence on
critical minerals from competing nations and expressed the need for
investment and capital market support needed to to source, develop
and produce a domestic supply of these critical minerals - cobalt very
much being high on the list.
Battery Minerals Outlook - The Case for Cobalt
The transportation and energy storage industries are now set to
undergo a profound transformation over the coming decades with a
global shift from fossil fuelled to electric powered.
To support the transition to a low-carbon economy, governments,
businesses and consumers around the world are investing considerable
amounts in renewable energy technologies, including electric
vehicles, solar panels and wind turbines.
One could even say that the rise of electric vehicles and battery
storage are becoming two of the biggest investment trends today.
Cobalt is central to the development and deployment of these
technologies— largely due to its use in lithium-ion batteries—and as
such, the demand for this critical mineral has and is predicted to
increase substantially.
The supply of this mineral, however , is not projected to meet the
demand, with shortfalls expected in the coming decade.
Concerns along the supply chains of cobalt—including the potential
use of child labour in extraction, conflict, corruption, jurisdictional
risk and it being mined as a byproduct of copper and nickel, place
additional strain on responsible sourcing.
With explosive growth projections and high adoption rates, a once in
a generation investment opportunity has been created.
And that opportunity is rooted in the raw materials and companies
that are powering the road to electrification. Companies such as
Global Energy Metals that are exposed to critical battery minerals like
cobalt, nickel and copper are primed for success as this rEVolution
matures.
In the interview with Share-Talk CEO Smith summarized the
opportunity Global Energy Metals presents for its investors and
spoke in detail to the events over the past six months:
“We built this company for our stakeholders. It’s a company that
provides investors and partners with the much needed exposure to
the electrification thesis. A company that through the development
of a diversified portfolio of strategic battery mineral projects is fo-
cused on becoming a supply chain solution to safe and reliable cobalt
for downstream partners. Investors will see ongoing announcements
surrounding our continued programs in Nevada and further develop-
ments on Millennium - one of the most exciting scalable primary
cobalt projects in the industry.”
The entire Share-Talk interview can be listened to by clicking on this
link.
Global Energy Metals Corporation
(TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1)
The transportation industry is set to undergo a profound
transformation over the coming decades with a shift from fossil
fuelled to electric powered vehicles. Global Energy Metals provides
exposure to the e-mobility revolution through the development of a
diversified supply chain for downstream users with potential to grow
into a significant cobalt and battery minerals supplier. Global Energy
Metals holds 100% of the Millennium Cobalt Project and two
neighbouring discovery stage exploration-stage cobalt assets in Mt.
Isa, Australia. It also currently owns 70% of the Werner Lake Cobalt
Mine in Ontario, Canada, and has an option to acquire an 85% interest
in two cobalt-nickel-copper exploration projects in Nevada, 150km
East of the Tesla Gigafactory.
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.