Global Energy Metals Completes Strategic Acquisition of the Rana Nickel-Copper-Cobalt Project in Battery Manufacturing Hub, Norway

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[{"type":"text","content":"Global Energy Metals Completes Strategic Acquisition of the Rana Nickel-Copper-Cobalt Project in Battery Manufacturing Hub, Norway\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n Vancouver, BC - TheNewswire - July 8, 2021 -\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 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 “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 report that conditional acceptance was received by the Company, and\nthe Company has completed, its strategic acquisition of a 10%\nstrategic interest in the\n \n \n \n \n \n R\n \n \n \n \n \n \n å\n \n \n \n \n \n \n na Nickel-Copper-Cobalt\nproject including the past-producing Bruvann Nickel\nMine\n \n \n \n \n \n in the\nR\n \n \n \n \n å\n \n \n \n \n na mafic-ultramafic intrusion in Northern\nNorway (\n \n \n \n \n “\n \n \n \n \n The\nR\n \n \n \n \n å\n \n \n \n \n na Project\n \n \n \n \n ”), as announced in the Company's\n \n \n \n \n \n news release of April 6,\n2021\n \n \n \n \n \n . As part of the\ntransaction, GEMC will also acquire a 1% royalty on the Net Smelter\nReturns from the Property (the\n \n \n \n \n “\n \n \n \n \n NSR”) from\nChincherinchee Nominee Pty Ltd. (the\n \n \n \n \n “\n \n \n \n \n Royalty Holder”).\n \n \n \n \n \n \n As consideration for the acquisition,\nGEMC issued an aggregate of 3,300,000 common shares of GEMC to\nScandinavian Resource Holdings Pty Ltd., (the “Vendor”), all of\nwhich are subject to a statutory hold period of 4 months and one day\nfrom the date of the issuance.  In addition, 850,000 shares are\nsubject to an additional voluntary hold period expiring on March 3,\n2022 and a further 850,000 shares are subject to a voluntary hold\nperiod expiring on July 3, 2022.\n \n \n \n \n \n \n Mitchell Smith,\nPresident & CEO commented on the strategic\ninvestment:\n \n \n \n \n \n \n “\n \n \n \n \n Sourcing and developing materials for\nbattery production made with renewable...

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