Global Energy Metals eyeing district-scale cobalt development opportunity with Mt. Isa Cobalt projects deal
The firm delivered a transformational near 20-fold increase in the firm's Australian land position
Company
CVE:GEMC
Global Energy Metals Corp offers investment exposure to the growing rechargeable battery and electric vehicle market by building a diversified global portfolio of exploration and growth-stage battery mineral assets. Global Energy Metals recognizes that the proliferation and growth of the electrified economy in the coming decades is underpinned by the availability of battery metals, including cobalt, nickel, copper, lithium and other raw materials. To be part of the solution and respond to this electrification movement, Global Energy Metals has taken a ‘consolidate, partner and invest’ approach and in doing so have assembled and are advancing a portfolio of strategically significant investments in battery metal resources. As demonstrated with the Company’s current copper, nickel and cobalt projects in Canada, Australia, Norway and the United States, GEMC is investing-in, exploring and developing prospective, scaleable assets in established mining and processing jurisdictions in close proximity to end-use markets. Global Energy Metals is targeting projects with low logistics and processing risks, so that they can be fast tracked to enter the supply chain in this cycle. The Company is also collaborating with industry peers to strengthen its exposure to these critical commodities and the associated technologies required for a cleaner future. Securing exposure to these critical minerals powering the eMobility revolution is a generational investment opportunity. Global Energy Metals believe the the time to be part of this electrification movement.
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The firm delivered a transformational near 20-fold increase in the firm's Australian land position
Global Energy Metals and Marquee have teamed up to advance the Werner Lake project
GEMC says it's strengthening the cobalt resource at its Millennium cobalt project in Mt. Isa, Queensland, Australia.
GEMC can earn a 75% stake in Millennium by spending $2.5mln on exploration over the next three years
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Mitchell Smith and Paul Sarjeant will meet with existing and potential joint venture partners..
GEMC can earn a 75% interest in the project, which is in Queensland, Australia
The joint venture parties will accelerate work with a 10-hole, 1,300-metre diamond drilling program designed to infill and extend the current resource.
Global Energy Metals Corp, Mitchell Smith, shares, resource, cobalt, materials, drill results, catalysts, advance, Millennnium, Australia,
“This drilling is a great step to advance this cobalt project forward. Scale is critical to build economic projects to legitimately supply the battery chain"
Due to increased investor interest, the offering was oversubscribed, the firm said.
Global Energy Metals has struck a strategic partnership with UK-based Glenpani Capital Ltd to provide continued market support.
The agreement sees Australian firm Canadian Co27 Pty be acquired fully by Marquee Resources Limited, GEMC explained.
Tesla is world-renowned for its electric vehicles powered by lithium-ion batteries, of which cobalt is a key component
Representatives of GEMC will be introducing investors to exposure to a pure-play cobalt opportunity
As reported last week, the lead on the project will be Mark Whittle, exploration manager at Hammer Metal
Global Energy is earning into the advanced Millennium Cobalt Project with a work program expected to commence following the completion o f a non-brokered financing that will fund an initial work program at Millennium which will include the
"This funding will allow GEMC to quickly add significant value to this important cobalt project in a key mining district," said Mitchell Smith
Last week, the NI 43-101 report included a higher confidence indicated resource of 57,900 tonnes at 0.51% cobalt
The resource relates to the historic underground workings at the old mine site, said GEMC.