Powered by Cobalt … Driven by Demand GLOBAL ENERGY METALS TO BE GRANTED URANIUM ROYALTY ON SASKATCHEWAN-BASED PROJECTS AND SHARES IN TERRA BALCANICA
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 TO BE GRANTED URANIUM ROYALTY
ON SASKATCHEWAN-BASED PROJECTS AND SHARES IN TERRA
BALCANICA
Vancouver, BC / TheNewswire / July 3, 2024 / Global Energy Metals
CorporaSon TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1 (“Global Energy
Metals” , the “Company” and/or “GEMC”) , a mulK-jurisdicKonal, mulK-
commodity criKcal mineral exploraKon, development and project generaKng
company focused on growth-oriented projects suppor Kng the global
transiKon to clean energy announces that, further to the Company's news
release dated April 3, 2024, that Terra Balcanica Resources Corp. (“Terra”)
have entered into a definiKve opKon agreement (“Agreement’) with a wholly
owned subsidiary of Fulcrum Metals Plc., (“Fulcrum” , AIM:FMET) to acquire a
100% interest in Fulcrum’s uranium por ‘olio of exploraKon licences (the
“Licences”) located in northern Saskatchewan, Canada and collec Kvely
encompassing 596.71 km2 o f h i g h l y p r o s p e cKve ground for a uranium
discovery.
Details of the Agreement can be found in announcements made by both Terra
and Fulcrum.
As consideraKon for terminaKng the prior agreement between Fulcrum and
Global Energy and facilitaKng Terra as a new strategic partner, Global Energy
will, subject to regulatory approval, be compensated with the equivalent of
C$150,000 in shares in Terra and granted a 0.5% NSR over the Saskatchewan
based project por‘olio on closing.
Mitchell Smith, President and CEO commented on the transacSon:
“We are pleased to see this arrangement between Terra Balcanica and
Fulcrum executed and as a result the gran:ng of a NSR royalty on this highly
prospec:ve Athabasca basin uranium porBolio to Global and addi:onally
being issued shares in Terra strengthening Global’s equity holdings in public
explora:on, development and royalty companies.”
Por‘olio Overview and Discovery Opportunity
The project por‘olio totals 596.71km2 targeKng major NE-SW trending
structures along strike from historic uranium mines and projects that have
aGracted significant investment. Discoveries such as the Arrow discovery
(4.3m tonnes at 0.83% U308 h Gps://www.nexgenenergy.ca/exploraKon/
overview/) and Triple R discovery (2.7m tonnes at 1.94% U308 h Gps://
fissionuranium.com/projects/triple-r-deposit/project-overview/) have proved
the concept of exploring along structure outside of the Athabasca basin. This
potenKal has been confirmed through iniKal exploraKon and evaluaKon by
Fulcrum in 2023. A significant number of high-grade uranium showings occur
within the Projects in addiKon to historical small-scale uranium mining. Future
exploraKon through the undertaking of a modern systema Kc geologic
evaluaKon to determine the resource potenKal will be a top-priority for Terra.
Figure 1. Regional map of northern Saskatchewan, Canada which is one of the
world's leading sources of high-grade uranium and supplies about 20% of the
world's uranium. The yellow symbols illustrate loca:ons of the four op:oned
explora:on proper:es totalling 596 km2 in the context of the world-famous
Athabasca Basin.
Terra Balcanica Resources
Terra Balcanica is a polymetallic and energy metals explora Kon company
targeKng large-scale mineral systems in the Balkans of southeastern Europe
and northern Saskatchewan, Canada. The Company has 90% interest in the
Viogor-Zanik Project in eastern Bosnia and Herzegovina and owns 100% of the
Ceovishte mineral exploraKon licence in southern Serbia. The Canadian assets
comprise a 100% opKoned por‘olio of uranium-prospecKve licences at the
outskirts of the world-renowned Athabasca basin: Charlot-Neely Lake,
Fontaine Lake, Snowbird, and South Pendleton. The Company emphasizes
responsible engagement with local communi Kes and stakeholders. It is
commiGed to proacKvely implemenKng Good InternaKonal Industry PracKce
(GIIP) and sustainable health, safety, and environmental management.
Fulcrum Metals Plc
Fulcrum Metals PLC (LON: FMET) is an AIM quoted explora Kon company
which finances and manages exploraKon projects focused on Canada, widely
recognised as a top mining jurisdicKon.
Fulcrum currently holds a beneficial 100% interest in highly prospecKve gold
and base metals projects in Ontario and uranium projects in Saskatchewan.
Fulcrum’s strategy is to focus on discovery and commercialisa Kon of its
Projects through targeted exploraKon programmes. The primary focus is to
make an economic discovery on the flagship Schreiber-Hemlo ProperKes and
to establish the prospecKvity of its wider Ontario and Saskatchewan por‘olio
with a view to securing potenKal joint venture and/or acquisiKon interest.
While highly prospecKve, Fulcrum’s mining assets are in the explora Kon
phase, so Fulcrum stands to be able to add significantly to the inherent value
through exploraKon success. Fulcrum will conKnually review opportuniKes
with potenKal and with a view to increasing shareholder value. It is the
Board’s intenKon to deliver medium and long-term growth and to establish
the Group as a significant exploraKon company.
Qualified Person
Mr . Paul Sarjeant, P . Geo., is the qualified person for this release as defined by
NaKonal Instrument 43-101 - Standards of Disclosure for Mineral Projects. He
is a shareholder and Director of the Company.
For Further InformaSon:
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 CorporaSon
(TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1)
Global Energy Metals Corp. o ffers investment exposure to the growing
rechargeable baWery and electric vehicle market by building a diversi fied
global porBolio of explora:on and growth-stage baWery 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 baWery 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 Bolio of
strategically significant investments in baWery 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.
CauSonary Statement on Forward-Looking InformaSon:
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.