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Global Energy Metals Announces Second Completion of Staged Investment by Kingsrose Mining at the Rana Nickel-Copper-Cobalt Project, Norway
(TheNewswire) Vancouver, BC - TheNewswire - September 4, 2024 - Global Energy Metals Corpor...
About this update from Global Energy Metals Corp
[{"type":"text","content":"Global Energy Metals Announces Second Completion of Staged Investment by Kingsrose Mining at the Rana Nickel-Copper-Cobalt Project, Norway\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver, BC -\nTheNewswire - September 4, 2024 - Global Energy Metals Corporation\n \n\n (\n \n\n TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1\n \n\n )\n \n\n (“Global Energy\nMetals”, the “Company” and/or “GEMC”)\n \n\n , a\nmulti-jurisdictional, multi-commodity critical mineral exploration,\ndevelopment and project generating company focused on growth-oriented\nprojects supporting the global transition to clean energy, is pleased\nto announce that joint venture partner,\n \n\n\n\n Kingsrose Mining\nLimited\n \n\n\n\n\n (ASX:KRM)\n(“Kingsrose”) has advised that conditions to meet second\ncompletion of the Transaction Implementation Agreement (as amended)\n \n\n\n\n\n announced on 18 January\n2023\n \n\n\n\n\n regarding its staged investment into the\n \n\n\n\n\n Råna Nickel-Copper-Cobalt\nproject\n \n\n\n\n\n (the “Råna\nProject”) have been satisfied (the “Second Completion”). As at\nSecond Completion, Kingsrose has earned a 51% interest in the Råna\nProject by incurring $3 million of expenditure on the Råna Project.\n By spending $15 million in cumulative project expenditures on the\nproject, Kingsrose has the right to ultimately earn up to an 80%\ninterest in the Råna Project.\n \n\n\n\n\n Kingsrose has\nalso successfully completed its recent drilling program at Råna\n(\n \n\n\n\n refer to news release dated August 12,\n2024\n \n\n\n\n ) designed to test compelling exploration\ntargets comprising mineralised nickel-copper-cobalt massive sulphide\nat surface with coincident conductive electromagnetic plates at the\nRånbogen prospect (\n \n\n\n\n refer to news release dated July 25,\n2024\n \n\n\n\n ). A total of 706 metres was drilled over three\ndrill holes and drill core samples have now been dispatched to the\nlaboratory for analysis. Drilling results and an outline of\nKingsrose’s proven targeting methodology across the wider area of\nthe project will be announced in due course.\n \n\n\n\n Mitchell Smith,\nCEO and Director of GEMC comments:\n \n\n\n\n “\n \n\n\n GEMC’s expl...