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Global Energy Metals Closes Sale of New 1% NSR Royalty on Norway-Based Rana Nickel Project; Provides Update on Lovelock Drill Program
(TheNewswire) Vancouver, BC - TheNewswire - January 27, 2022 - Gl...
About this update from Global Energy Metals Corp
[{"type":"text","content":"Global Energy Metals Closes Sale of New 1% NSR Royalty on Norway-Based Rana Nickel Project; Provides Update on Lovelock Drill Program\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n Vancouver, BC - TheNewswire - January 27, 2022 -\n \n \n \n \n Global\nEnergy Metals Corporation\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 OTCQB: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 “Company” and/or\n“GEMC\n \n \n \n \n ”),\n \n \n \n \n a company involved\nin investment exposure to the battery metals supply chain, is pleased\nto announce the closing of the previously announced Rana Nickel\nRoyalty acquisition by Electric Royalties Ltd. (“Electric\nRoyalties” and/or “ELEC”).  As announced in the Company’s\nnews releases dated\n \n \n \n \n \n October 19,\n2021\n \n \n \n \n \n and\n \n \n \n \n \n December 16,\n2021\n \n \n \n \n \n , Scandinavian\nResource Holdings (“SRH”) and GEMC created and agreed to sell to\nElectric Royalties a new 1% net smelter return royalty (the “1%\nNSR”) on four exploration licenses totaling 25 square kilometers in\nthe Råna mafic-ultramafic intrusion in Northern Norway, including the\npast producing Bruvann Nickel mine (the “Råna Project” or\n“Råna”), jointly held by GEMC and SRH.\n \n \n \n \n \n \n For more information on the\n \n \n \n \n \n Råna Project please\nvisit the corresponding page on the GEMC website linked\nhere\n \n \n \n \n \n .\n \n \n \n \n \n Mitchell Smith, President & CEO,\nDirector commented:\n \n \n \n \n \n “\n \n \n \n \n With bullish implications for battery\nmetals from ESG friendly, safe mining jurisdictions, we believe that\nour shareholders are well positioned to realize additional value from\nthe strategic investments we’ve made to date.   Råna is just one\nexample of monetizing our current portfolio, as demonstrated by the\ncreation and sale of this royalty to Electric Royalties and also by\nthe proposed non-dilutive project advancement by incoming partner\nMetals One plc while we maintain a carried interest and 1% NSR of ou...