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 royalty is jointly held by Global Energy Metals and Scandinavian Resource Holdings and consists of four exploration licenses totaling 25 square kilometers in Norway
"Doubling down on our core focus we used 2021 to build a foundation for our company and strengthen the opportunity it provides to our shareholders and stakeholders in providing exposure to the battery supply chain 'mega-opportunity'," he sa
Global Energy said that MBK had developed a three-phase work program for 2022, which includes up to 5,500 metres of drilling planned for 2022 to confirm the exploration target and a resource expansion and development program
GEMC is aiming to confirm intersections of cobalt-nickel-copper bearing vein that correlates with historical underground mining and mapped superficial mineral occurrences
Rock samples ranged up to 5.61% copper, 175 grams per ton (g/t) silver, and 17.6 g/t gold
A letter of intent has now been signed between Electric Royalties and SRH to create the new royalty on four exploration licenses totaling 25 square kilometers in the Råna mafic-ultramafic intrusion
The company is building a diversified global portfolio of exploration and growth-stage battery metals and mineral assets
The company said the planned drill program will consist of four holes totalling about 1,000 metres
The company has secured an established drill contractor to complete up to 1,000 metres of reverse circulation drilling
Highlights include broad copper intersections, including seven metres (m) at 0.30% copper from 18m in one hole
With the US currently seeking domestic representation for the metals critical to a zero-carbon economy, it believes its multi-jurisdictional US footprint hosting strategic metals such as copper, cobalt, silver and nickel is an important mil
The phased exploration program conducted by Dahrouge Geological Consulting USA included the collection of 557 soil samples and 13 rock samples
The company's joint venture partner Metal Bank Limited released assays from the first two drill holes at Millennium, which included 16 metres of 1.1% copper and 0.3% cobalt
Part of the program will consist of two reverse circulation (RC) drill holes for a total of 195 meters to be completed in the southern project area for resource validation and extension
Metal Bank is set to start a reverse circulation drill program in early August to test the northern extensions of the project
The company said work will include drone geophysical surveys and soil sampling, followed by preliminary analysis of the program and the preparation of an independent technical report
The Vancouver-based junior has an inherent interest in the network, having recently acquired the Rana nickel-copper-cobalt project in Norway
The Råna project includes the past-producing Bruvann nickel mine that operated from 1989 to 2002
As reported earlier this month, Metal Bank, in the six months, will carry out further due diligence and sole-fund an initial exploration program
CEO Mitchell Smith said it will be “a timely milestone” as the company grows and develops “a multi-jurisdictional US footprint for battery metals such as copper, cobalt and nickel”
