Global Energy Metals is maximizing investor exposure to the battery metals supply chain

• Drill-ready assets in producing mining districts globally
• Nevada battery metals projects located near Tesla’s Gigafactory 1   
• Experience management team

What Global Energy Metals does:

Global Energy Metals Corporation (CVE:GEMC) (OTCMKTS:GBLEF) (FRA:5GE1) provides investors with exposure to the growing rechargeable battery and electric vehicle market by building a diversified global portfolio of exploration and growth-stage battery mineral assets.

The Vancouver, British Columbia- based junior holds interests in several precious and battery metals projects globally.

Global Energy Metals owns an 85% interest in the Lovelock Mine and Treasure Box cobalt, nickel, and copper projects in Nevada. The properties had limited mining in the 1880s, extracting grades as rich as 14% cobalt and 12% nickel. The Nevada projects are also located just 150 kilometres east of Tesla’s Gigafactory 1, the world’s largest battery factory.

As well, its 100% owned, exploration-stage Millennium cobalt project in Australia is a promising cobalt-copper deposit of “significant” size that remains open for expansion. An historic resource estimate on the property from 2012 showed an Inferred resource of 3.1 million tonnes of 0.14% cobalt, 0.34% copper, and 0.12 grams per tonne (g/t) gold using a copper equivalent cutoff of 1.0%.

Also in Australia is the company’s 100% owned Mount Isa cobalt-copper-gold projects, which resides in a district that hosts many producing copper-gold and lead-zinc-silver ore bodies.

Global Energy Metals is led by CEO Mitchell Smith, an accomplished executive and business development professional with deep experience executing corporate strategies as well as building marketing relationships. He has a strong understanding of the natural resources sector, capital markets and current market trends particularly within the battery/energy metals space.

How it is doing:

It has been an active 2021 thus far for Global Energy Metals.

In April, the company received a $550,000 investment from two New York-based institutional investment management firms, which will be directed primarily towards an accelerated exploration program at its Lovelock Mine project.

Earlier in the month, Global Energy Metals announced a definitive agreement to acquire a strategic interest in the Råna nickel-copper-cobalt project in Norway, which includes the past-producing Bruvann nickel mine. As part of the transaction, the company will also acquire a 1% net smelter return (NSR) royalty on the property from Chincherinchee Nominee Pty Ltd.

Global Energy Metals will issue 3.3 million of its shares in exchange for 10% interest in Råna in addition to the 1% NSR. The company will also have a carried interest on the project and will not be responsible for any project costs until the vendor incurs more than C$1.5 million in project expenditures. The shares will be released in batches over a 12-month period. The vendor or royalty holder has the right to purchase 50% of the NSR for C$1 million before commercial production starts.

Global Energy Metals noted that Råna is one of the few drill-ready Class-1 nickel projects globally with low capex anticipated to get it up and running, while also being located in close proximity to a growing end-user market including FREYR AS, a Norwegian incorporated company that is developing environmentally friendly lithium-ion based battery cell facilities in Norway.

In March the company revealed it expected to start drilling at the Lovelock project beginning in May. It has proposed eight targets for the maiden 1,400 metres (m) short-hole drill program, which is aimed at confirming intersections of cobalt-nickel-copper-bearing structures within historical workings.

Also in March, Global Energy Metals announced it has signed a letter of intent to acquire a 50% interest in three North American battery metal projects: the Monument Peak copper-silver-gold project in Idaho; Chance Lake nickel-copper-cobalt project in Quebec, and Amiral nickel-copper-platinum group elements (PGEs) in Quebec.

The company said the acquisition is part of an ongoing effort to amass battery metals-rich projects in top-tier mining jurisdictions with exploration and development upside.

To acquire a 50% stake in each project, Global Energy Metals will make a cash payment of C$200,000 and issue 1.75 million shares and an additional 1.75 million warrants exercisable at $0.30 for a two-year period.

And in February, Global Energy Metals closed the sale of a 0.5% gross metal royalty on a trio of Australian-based cobalt projects to Electric Royalties Ltd (CVE:ELEC) (OCTMKTS:ELECF) in exchange for 1.15 million Electric Royalties shares plus a cash payment of C$150,000.

Inflection points:

• Drill results from the past-producing Lovelock Mine
• Resource expansion at its Millennium project
• Merger & Acquisition opportunities

What the boss says:

Commenting on the company’s deal to acquire an interest in the Råna project, Global Energy Metals CEO Mitchell Smith said in a statement: “The signing of this definitive agreement for a strategic interest and royalty on the Råna Project and past-producing Bruvann nickel mine is a major milestone for the company and an active step towards our goal of serving the green energy value chain.” 

Contact Sean at [email protected]

Story by ProactiveInvestors