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Global Energy Metals Announces Strategic Investment in Advanced and Highly Prospective Rana Nickel Project in Norway
(TheNewswire) Vancouver, BC - TheNewswire - February 17, 2021 - ...
About this update from Global Energy Metals Corp
[{"type":"text","content":"Global Energy Metals Announces Strategic Investment in Advanced and Highly Prospective Rana Nickel Project in Norway\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, BC - TheNewswire - February 17, 2021 -\n \n \n \n \n Global Energy Metals\nCorporation\n \n \n \n \n \n (\n \n \n \n \n \n TSXV:GEMC\n \n \n \n \n \n )\n \n \n \n \n |\n \n \n \n \n (\n \n \n \n \n \n OTC:GBLEF\n \n \n \n \n \n )\n \n \n \n \n |\n \n \n \n \n (\n \n \n \n \n \n FSE:5GE1\n \n \n \n \n \n )\n \n \n \n \n (“Global Energy Metals”, the\n“Company” and/or “GEMC\n \n \n \n \n ”)\n \n \n \n \n is pleased to announce that the Company has entered into a\nLetter Of Intent (“LOI”), subject to final due diligence and\nnegotiation of definitive agreements, to acquire an interest in a\nportfolio of four exploration licences from Scandinavian Resource\nHoldings Pty Ltd. (the “Vendor”) and to acquire a 1% royalty on\nthe Net Smelter Returns from the Property (the “NSR”) from\nChincherinchee Nominee Pty Ltd. (the “Royalty Holder”). The\nproject portfolio includes three exploration licences including the\npast producing Bruvann Nickel Mine in the\n \n \n \n \n \n Råna mafic-ultramafic\nintrusion\n \n \n \n \n \n (Arnes,\nBruavatnet and Rånbogen) and a fourth exploration licence (Krokelva),\nthat lies outside the intrusion, west of the Bruvann Nickel\nmine\n \n \n \n \n (collectively “The\nRåna Nickel Project”).\n \n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n \n Figure 1. View over\nthe open pit part of the Bruvann Nickel mine, looking north-east, with\nthe shipping quay in the background.\n \n \n \n \n \n \n The Råna Nickel Project licence area\ntotals 25km\n \n \n \n \n 2\n \n \n \n \n and is located on the south shore of Ofotfjord, which is\nice-free year-round, 2km away from a shipping dock, with work force\nand infrastructure in place and in close proximity to a growing\nend-user market including\n \n \n \n \n \n FREYR AS\n \n \n \n \n \n , a Norwegian incorporated company that is developing\nenvironmentally friendly lithium-ion based battery cell facilities in\nMo i Rana, Northern Norway.\n \n \n \n \n \n \n Mitchell Smith,\nPresident, CEO & Director comments:\n \n \n \n \...