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Global Energy Metals Enters into Definitive Agreement to Acquire a Strategic Interest and NSR Royalty on Past-Producing Norwegian Nickel-Copper-Cobalt Project
(TheNewswire) Vancouver, BC - TheNewswire - April 6, 2021 - ...
About this update from Global Energy Metals Corp
[{"type":"text","content":"Global Energy Metals Enters into Definitive Agreement to Acquire a Strategic Interest and NSR Royalty on Past-Producing Norwegian Nickel-Copper-Cobalt Project\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, BC - TheNewswire - April 6, 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 the signing of a definitive agreement\n(the “Definitive Agreement”) to acquire a strategic interest in\nthe\n \n \n \n \n \n Råna\nNickel-Copper-Cobalt project\n \n \n \n \n \n including the past-producing  Bruvann Nickel Mine in the\n \n \n \n \n \n Råna mafic-ultramafic\nintrusion\n \n \n \n \n \n in Northern\nNorway (“The Råna Project”).  Additionally, and as part of the\ntransaction, GEMC will acquire a 1% royalty on the Net Smelter Returns\nfrom the Property (the “NSR”) from Chincherinchee Nominee Pty Ltd.\n(the “Royalty Holder”).\n \n \n \n \n \n Mitchell Smith, CEO & Director of\nGEMC commented:\n \n \n \n \n “The Råna Project is located in\none of the world's most opportune nickel districts. In addition to\nfurther exploration potential and resource scaling, it has the\nstrategic benefit of being in close proximity to, and serving as a\npotential future supply source for, an emerging European battery\nmanufacturing hub in Norway and the Scandinavian Peninsula.”\n \n \n \n \n “The signing of this definitive\nagreement for a strategic interest and royalty on the Råna Project\nand past-producing Bruvann Nickel Mine is a major milestone for the\nCompany and an active step towards our goal of serving the green\nenergy value chain.”\n \n \n \n \n \n With a limited number of quality nickel\nsulphide projects available worldwide, the Råna Project represents\none of the few drill-ready, low capex Class-1 nickel opportunities\nglobally that has strong mining potential and exploration upside and\npresents as an ...