GEMC.V · 2023-06-01 12:00:00

Powered BY Cobalt … Driven BY Demand Global Energy Metals Provides Update ON Partner- Funded Drill Program and Exploration Activities at the Råna Nickel 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 PROVIDES UPDATE ON PARTNER-

FUNDED DRILL PROGRAM AND EXPLORATION ACTIVITIES AT THE

RÅNA NICKEL PROJECT IN NORWAY

Vancouver, BC / TheNewswire / June 1, 2023 / Global Energy Metals

CorporaUon 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 announce that its strategic partner, Kingsrose

Mining Limited (“Kingsrose”), has provided an update on exploraKon acKviKes

at the brownﬁeld Råna Nickel-Copper-Cobalt (Ni-Cu-Co) sulphide project (the

“Project”) in Nordland County, Norway. Drilling is due to commence in early

July 2023 and will target zones of potenKal massive sulphide nickel-copper-

cobalt mineralisaKon being generated from ongoing mapping and geophysical

surveys (Figure 1).

Figure 1: Råna geology, prospects and geophysical survey areas

Highlights

•All required noKﬁcaKons have been submiGed, meaning that drilling can

commence at Råna.

•Rig mobilisaKon is planned for the last week of June 2023, to

commence a 5,000 metre drill program tesKng targets generated from

ongoing mapping and geophysical surveys.

•The previously announced ground-based, ﬁxed loop electromagneKc (FLEM)

survey has been completed. Data processing and interpreta Kon is in

progress (Refer to news release dated April 20, 2023).

•A Magnetotelluric (MT) geophysical program is currently underway,

comprising of:

•a detailed ground-based MT survey targe Kng the Bruvann and

Rånbogen prospect areas, using a nominal 200 metre staKon spacing,

with delivery of ﬁnal 3D inversions anKcipated in August 2023;

•an intrusion-wide heli-borne MT survey (Mobile MT) totalling 815 line

kilometres using a 200 metre line spacing has commenced and will

take approximately 2 weeks to complete, with ﬁnal data delivery

anKcipated by the end of June 2023.

•Three addiKonal exploraKon rights totalling 30 square kilometres have been

acquired at the Sørgorden project, located 30 kilometres to the south of

Råna covering an unexplored maﬁc-ultramaﬁc intrusion with geological

characterisKcs similar to Råna. A Mobile MT survey will be ﬂown to help

model the intrusion and explore for conducKve bodies which may represent

massive sulphide exploraKon targets.

Mitchell Smith, President and CEO commented:

“We are pleased to see our partner, Kingsrose Mining, commence this drilling

phase of explora?on at the Råna project. Having mul?ple ac?ve explora?on

programs underway and/or planned, Global Energy’s genera ?ve business

con?nues to evolve by leveraging proper?es that have aIracted signiﬁcant

partner-funded explora?on and royalty crea?on while in turn are establishing

long-term value for Global Energy’s shareholders. The diversiﬁed nature and

partner-based, non-dilu?ve approach taken with our mul ?-commodity

porNolio provides our shareholders with mul?ple opportuni?es for discovery in

proven, top-?er mining jurisdic?ons. All at a ?me when there are mul?ple

catalysts and milestones to come, with signi ﬁcant progress on all fronts

especially with the recent 100% consolida?on of the Nevada-based Lovelock

Mine and Treasure Box projects, two highly prospec ?ve nickel, copper and

cobalt assets in the United States.”

Fabian Baker, Kingsrose Managing Director of Kingsrose, commented:

“Since acquiring an interest in the Råna project in January 2023 our team has

focused on accelera?ng the drill-readiness of the project, including permi[ng,

stakeholder engagement, geophysical surveys, geological mapping and

interpreta?on. We have iden?ﬁed numerous areas of mineralisa?on that are

considered to be open and explora?on at an early stage where drill targets

will be reﬁned through the ongoing geophysical programmes. The culmina?on

of this work will be commencement of drilling on the project in July 2023. We

are excited to keep shareholders updated as we explore the poten ?al for

massive sulphide nickel-copper-cobalt mineralisa ?on, on a project with

excellent infrastructure and located near to a deep sea port within Europe.”

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 InformaUon:

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 CorporaUon

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

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

rechargeable baIery and electric vehicle market by building a diversi ﬁed

global porNolio of explora?on and growth-stage baIery 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 baIery 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 Nolio of

strategically signiﬁcant investments in baIery 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.

CauUonary Statement on Forward-Looking InformaUon:

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