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Global Energy Metals Announces Signing of Agreement to Take Accelerated Ownership Stake in the Lovelock and Treasure Box Battery Mineral Projects in Nevada
(via TheNewswire) Vancouver, BC - TheNewswire - April 7, 2020 - Global En...
About this update from Global Energy Metals Corp
[{"type":"text","content":"Global Energy Metals Announces Signing of Agreement to Take Accelerated Ownership Stake in the Lovelock and Treasure Box Battery Mineral Projects in Nevada(via TheNewswire)\n \n \nVancouver, BC - TheNewswire - April 7, 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 has successfully negotiated and entered into an agreement (the \"Agreement\") with Nevada Sunrise Gold Corp. (\"Nevada Sunrise\") and Primus Resources L.C. (\"Primus\") pursuant to which Global Energy Metals will accelerate and acquire an ownership interest in the Nevada-based Lovelock and Treasure Box battery minerals projects (the \"Property\"). This Agreement will replace and supersede the original option agreement made as of January 15, 2019 pursuant to which Nevada Sunrise granted to Global Energy Metals an option to purchase an undivided 85% interest in the Property.\n\n\n \nThe Agreement provides Global Energy with a controlling interest over the Property earlier than planned in the previous earn-in agreement, empowering GEMC to explore and develop the asset in a timely and expedited manner but without the project expenditure outlay and strict timelines originally contemplated.\n\n\n \nMitchell Smith, President & CEO commented:\n\n\n \n\"Now, more than ever, companies need to adopt to survive the unprecedented and rapidly changing environment we all find ourselves in. For us that means continuing to move forward.\"\n\n\n \n\"As a shareholder-aligned management team with significant investment exposure in the company, we see opportunities to further optimize our business around our core assets while providing our shareholders exposure to one of the fastest growing megatrends - Vehicle Electrification & Energy Storage - through our portfolio of battery mineral projects located in safe, pro-mining jurisdictions.\"\n\n\n \n\"An accelerated ownership stake in the Nevada-based projects provides the Company and its shareholders with high-potential, growth-stage exploration projects in a well established mining district. Additionally it provides the foundation to break free from the over-reliance of critical material imports from China and other competing nations and instead develop a domestic supply of battery metals critical to sustain ou...