Global Energy Metals Enters into Strategic Partnership with Kingsrose Mining to Advance the Rana Nickel-Copper-Cobalt Project in Norway; Kingsrose Commits to Spend up to $15 Million in Exploration Expenditures

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[{"type":"text","content":"Global Energy Metals Enters into Strategic Partnership with Kingsrose Mining to Advance the Rana Nickel-Copper-Cobalt Project in Norway; Kingsrose Commits to Spend up to $15 Million in Exploration Expenditures\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 Vancouver, BC - TheNewswire - January 1\n \n \n 8\n \n \n , 2023 - Global Energy Metals\nCorporation\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 that it has\nentered into a transaction implementation agreement (Transaction\nImplementation Agreement) with\n \n \n \n \n Kingsrose Mining\nLimited\n \n \n \n \n \n (“Kingsrose”) and Scandinavian Resource Holdings Pty Ltd\n(“SRH”) for Kingsrose to make a staged investment into the\nbrownfield Råna Nickel-Copper-Cobalt (Ni-Cu-Co) project (the\n“Project”) and formation of a joint venture for the development\nand operation of the Project (the “Transaction”).\n \n \n \n \n \n Highlights\n \n \n \n \n \n \n The Råna project has proven potential for discovery of\nmassive sulphide Ni-Cu-Co mineralisation and is underexplored using\nmodern deposit models and exploration methods.\n \n \n \n \n \n \n Excellent access to local infrastructure, located 37\nkilometres by main road from the ice-free, deep-water Port of Narvik\nin Nordland County, Norway.\n \n \n \n \n \n \n The project includes the past producing, underground\nBruvann Mine within a contiguous exploration licence holding of 25\nsquare kilometres.\n \n \n \n \n \n \n \n \n \n \n The Bruvann deposit included a small but high-grade\n(approximately 1 to 5% Ni) massive sulphide core, indicating that the\nintrusion generated high tenor nickel sulphide\nmineralisation.\n \n \n \n \n \n \n Past production demonstrates the viability of operating\nin the region and the mine area remains designated for raw material\nextraction in the municipality land use zoning plan.\n \n \n \n \n \n \n \n \n Ki...

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