Powered by Cobalt … Driven by Demand GLOBAL ENERGY METALS TERMINATES 7.5 CENT FINANCING; LAUNCHES RE-2OX PROCESS PROGRAM IN NEVADA
TSX.V GEMC
www.globalenergymetals.com
Suite 1501,
Sun Tower
128 West Pender St. Vancou-
ver , BC
V6B 1R8
T +1.604.688.4219
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GLOBAL ENERGY METALS TERMINATES 7.5 CENT
FINANCING; LAUNCHES RE-2OX PROCESS PROGRAM IN
NEVADA
Vancouver, BC / TheNewswire / May 16, 2019 / Global Energy
Metals Corporation TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1
(“Global Energy Metals”, the “Company” and/or “GEMC”)
announces that the proposed private placement announced on May 7,
2019, will not proceed at this time due to Policy 5.3 for Tier-2
Venture Issuers under Section 7.1.
As previously announced, Global Energy Metals and and Canada Cobalt
Works (“CCW”) have entered into a strategic technological initiative
featuring the proprietary and environmentally friendly Re-2Ox Process
as part of a wider exploration and drilling program that will allow for
reinterpretation of historic data and a better understanding of the
ability to unlock the cobalt, nickel and copper potential from GEMC’s
Nevada based projects.
Figure 1 & 2. Adit entrance and site dump at Lovelock Mine, Nevada
GEMC and Canada Cobalt are pleased to report that they’ve already
commenced on-site work related to Re-2OX through a reconnaissance
program at Lovelock and Treasure Box. More details will be provided
in the near future.
Meanwhile, initial field work is demonstrating the potential to
identify high-grade cobalt, nickel and copper mineralization over
broader areas than originally believed at Lovelock and Treasure Box.
Qualified Person
Mr. Paul Sarjeant, P . Geo., is the qualified person for this release as
defined by National Instrument 43-101 - Standards of Disclosure for
Mineral Projects and has reviewed and verified the technical
information contained herein.
Global Energy Metals Corporation
(TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1)
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
metal-related projects with key strategic partners. Global Energy
Metals currently owns 70% of the Werner Lake Cobalt Mine in Ontario,
Canada, has an option to acquire an 85% interest in two cobalt
exploration projects in Nevada, 150 km east of the Tesla-Panasonic
Gigafactory 1, and has entered into an agreement to acquire 100% of
the Millennium Cobalt Project and two neighbouring discovery stage
exploration-stage cobalt assets in Mt. Isa, Australia.
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
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.