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Global Energy Metals Announces Private Placement to Further Explore and Earn-In 85% Interest in Battery Metals Projects in Nevada
(via TheNewswire) Vancouver, BC - TheNewswire - March 16, 2020 - Global E...
About this update from Global Energy Metals Corp
[{"type":"text","content":"Global Energy Metals Announces Private Placement to Further Explore and Earn-In 85% Interest in Battery Metals Projects in Nevada(via TheNewswire)\n \n \nVancouver, BC - TheNewswire - March 16, 2020 - Global Energy Metals Corporation (TSXV:GEMC) | (OTC:GBLEF) | (FSE:5GE1) (\"Global Energy Metals\", the \"Company\" and/or \"GEMC\") is pleased to announce that it plans to complete a non-brokered private placement for gross proceeds of up to $500,000 (the \"Private Placement\") upon completion of its 10 old for 1 new share consolidation (the \"Consolidation\") as announced on March 10, 2020. Completion of the Private Placement will be subject to TSX Venture Exchange approval. \n\n\n \nMitchell Smith, President & CEO comments:\n\n\n \n\"The transition to a clean-energy world using battery technology is being considered as one of the largest investment opportunities of the decade. Global Energy Metals is building a company to provide its shareholders exposure to this growing investment trend. This financing sets a path forward to further validate our role in the cobalt and battery mineral supply chain through the acquisition and development of cobalt-nickel-copper projects located in Nevada, a premier mining jurisdiction.\"\n\n\n \nGlobal Energy's management believes that advancing and acquiring an 85 percent interest in the Lovelock and Treasure Box projects in Nevada provides the Company with high-potential, growth-stage exploration projects in a well established mining district. Additionally it provides the foundation to develop a domestic supply of battery metals critical to national and economic security at a time when the importance of domestic mineral independence is recognized as being critical to the transition towards a low carbon, battery intensive energy system. \n\n\n \nEnergy security has, for decades, been high on the agenda of politics and defense, but only recently has it included minerals and metals, now deemed 'critical.' As the new energy transition evolves so to will the need for it to be more mineral-intensive and mineral independence, domestic refinement and manufacturing will be key to this movement. \n\n\n \nThis financing complements the recently announced commitment by Electric Royalties Ltd. (\"Electric Royalties\") that provides Global Energy Metals with an attractive form of financing and short term ...