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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US Battery Metals Corporation's holdings will include the recent acquisition of an 85% stake in the Lovelock and Treasure Box battery metals projects in Nevada, close to Tesla’s Gigafactory
In the second tranche, the firm issued over 2.8 million units at C$0.125 each for gross proceeds of C$356,500 including 1.6 million units, which were initially announced as part of the first tranche closing
The accelerated ownership stake in the projects provides the company and its shareholders with a US footprint and controlling stake in high-potential, growth-stage exploration projects in a well-established mining district
The company also will raise an additional $100,000 in a second and final tranche after upping the offering from 4 million to 4.8 million units
The company plans to use the money to fund its acquisition of an 85% interest in the Lovelock and Treasure Box projects with strong enrichment in nickel, copper and cobalt
The firm “remains bullish" on green energy minerals and associated technologies and continues to explore opportunities to strengthen exposure to the critical minerals and technologies
The portfolio of royalty interests include the Millennium Cobalt Project, the Mt Dorothy Cobalt Project and the Cobalt Ridge Project in Queensland, Australia
A deal that would've seen Marquee take a 70% interest in the project fell through
The new deal with Nevada Sunrise and Primus Resources will replace and supersede the original option agreement of January last year
GEMC said that testing recovered excellent cobalt, copper and gold results, including high grade separate copper and cobalt concentrate
Global Energy Development has a diverse portfolio of assets in North America and Australia
GEMC is advancing and acquiring an 85% interest in the Lovelock and Treasure Box projects in Nevada, USA
It will better position the company to raise the funds it requires to finance its ongoing business activities
Ecclestone is a principal focused on mining at the equity research house Hallgarten & Company
In exchange for a 0.5% royalty on the Millennium and Mount Isa projects, Electric Royalties will issue Global Energy Metals 1.15 million shares and pay $150,000 in cash.
Strong will oversee the company’s exploration activities at its Nevada battery metals projects and evaluate acquisition opportunities
A new geological model will allow for reinterpretation of historic data and give the company a better understanding of the ability to tap into the cobalt, nickel and copper potential
The project consists of the Lovelock cobalt mine and the Treasure Box project, which lie around 150km east of Tesla's Gigafactory
Smith called the battery and energy storage sector "maybe the biggest investment growth opportunity there is at the moment"
The company's China-based strategic advisor Dr Wei Qian will hold meetings with key battery-mineral investors
