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Global Energy Metals Consolidates 100% Ownership in Lovelock Mine and Treasure Box Projects, Two Growth-Stage Strategic Battery Metal Projects in Nevada, USA
(TheNewswire) Vancouver, BC - TheNewswire - April 27, 2023 - Global Energy Metals Corpo...
About this update from Global Energy Metals Corp
[{"type":"text","content":"Global Energy Metals Consolidates 100% Ownership in Lovelock Mine and Treasure Box Projects, Two Growth-Stage Strategic Battery Metal Projects in Nevada, USA\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 - TheNewswire - April\n27, 2023 -\n \n \n Global Energy\nMetals Corporation\n \n \n (\n \n \n TSXV:GEMC\n \n \n )\n \n \n (\n \n \n OTC:GBLEF\n \n \n )\n \n \n (\n \n \n FSE:5GE1\n \n \n )\n \n \n (“Global Energy Metals”, the “Company” and/or\n“GEMC”)\n \n \n , a multi-jurisdictional,\nmulti-commodity critical mineral exploration and development company\nfocused on growth-oriented battery metal projects supporting the\nglobal transition to clean energy, is pleased to announce it has\nentered into a definitive binding agreement to consolidate 100%\nownership of the\n \n \n \n \n Lovelock Mine and\nTreasure Box projects\n \n \n \n \n \n in Nevada, USA (the “Projects”) via a mineral claim purchase\nagreement with Nevada Sunrise Metals Corporation (“Nevada\nSunrise”) (the “Transaction”).\n \n \n \n \n \n \n HIGHLIGHTS\n \n \n \n \n \n \n • GEMC to consolidate 100% ownership\nof the Lovelock and Treasure Box projects\n \n \n \n \n \n \n • The Transaction will increase the\ncurrent interest in the Projects from the current 85% to\n100%\n \n \n \n \n \n \n • GEMC holding 100% ownership of the\nProject will simplify decision-making and provides the optimal\nstructure to oversee the rapid exploration and development of key U.S.\nbased critical minerals projects.\n \n \n \n \n \n \n • Consolidation of 100% of the\nProjects’ ownership will de-risk the funding pathway and enhance\nGEMC’s ability to source capital for the development of the Projects\nfrom a wider range of providers when compared with the existing joint\nventure ownership structure\n \n \n \n \n \n \n • Consideration will be paid in GEMC\nshares, subject to TSX Venture Exchange approval, vesting over 12\nmonths thereby allowing the shareholders of the vendor to retain\nexposure to the Projects\n \n \n \n \n \n \n Mitchell Smith, GEMC\nPresident and CEO commented:\n \n \n \n \n \n \n “\n \n \n \n \n We are extremely pleased to have reached\nan agreement with Nevada Sunri...