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Global Energy Metals Enters Into LOI to Acquire High-Grade Cobalt Projects 150KM East of the World's Largest Battery Factory
(via TheNewswire) G LOBAL ENERGY METALS ENTERS INTO LOI TO ACQUIRE HIGH-GRADE COBALT PROJ...
About this update from Global Energy Metals Corp
[{"type":"text","content":"Global Energy Metals Enters Into LOI to Acquire High-Grade Cobalt Projects 150KM East of the World's Largest Battery Factory(via TheNewswire)\n\n \nGLOBAL ENERGY METALS ENTERS INTO LOI TO ACQUIRE HIGH-GRADE COBALT PROJECTS 150KM EAST OF THE WORLD'S LARGEST BATTERY FACTORY \n\n \n \nVancouver, BC / TheNewswire / September 11, 2018 / Global Energy Metals Corporation TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1 (\"Global Energy Metals\", the \"Company\" and/or \"GEMC\") is pleased to announce that it has entered into a non-binding letter of intent (the \"LOI\") with Nevada Sunrise Gold Corp (\"Nevada Sunrise\" or the \"Optionor\") to acquire an 80% interest in the Lovelock Cobalt Mine (the \"Lovelock Mine\") and the Treasure Box Project (\"Treasure Box\"), located in Churchill County, approximately 150 kilometres east of the Tesla Gigafactory in Sparks, Nevada.\n\n\n \n\"We are very pleased with the signing of the LOI to acquire an interest in the Lovelock and Treasure Box cobalt projects as we believe this transaction represents an excellent step for the Company to further grow its exciting cobalt asset portfolio and build a new presence in the United States,\" said Mitchell smith, President and CEO of Global Energy Metals. \"We look forward to applying modern exploration methods to unlock the potential of these high-grade cobalt assets.\"\n\n\n \n Figure 1. Lovelock and Treasure Box Location Map\n\n\nClick Image To View Full Size\n\n\n\n \n \nProject Highlights\n\n\n \nNevada Cobalt: The right place at the right time in a superior mining jurisdiction which hosts several promising copper-gold projects nearby and benefits from having excellent infrastructure.\n\n\n \nStrategically Situated: Located in the Stillwater Range with good access, infrastructure in place and only 150 kilometres east of Sparks Nevada, home to the world's largest battery factory - Tesla's Gigafactory 1.\n\n\n \nHistoric Producer: Limited, yet high-grade, production of cobalt, nickel and copper in the 1880s but has never been thoroughly explored in the modern era.\n\n\n \nHigh-Grade Cobalt: The general average of the 200 tons shipped in 1886 averaged 14 percent cobalt and 12 percent nickel (Source: \"Mineral Resources of the United States for 1886\"). \n\n\n \nDrill Ready: Discovery phase exploration program expected to include detailed geological mapping, chip and cha...