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Global Energy Metals Granted Two New Royalties Through Monetization and Partial Divestment of Mount Isa, Australia-Based Copper-Cobalt-Gold Exploration Projects
(TheNewswire) Vancouver, BC - TheNewswire - July 5, 2023 - Global Energy Metals Cor...
About this update from Global Energy Metals Corp
[{"type":"text","content":"Global Energy Metals Granted Two New Royalties Through Monetization and Partial Divestment of Mount Isa, Australia-Based Copper-Cobalt-Gold Exploration Projects \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 - July 5,\n2023 -\n \n \n Global Energy\nMetals\n \n \n Corporation\n \n \n (\n \n \n TSXV:GEMC\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\n“Company” and/or “GEMC”)\n \n \n , a\nmulti-jurisdictional, multi-commodity critical mineral exploration and\ndevelopment company focused on growth-oriented battery metal projects\nsupporting the global transition to clean energy, is pleased to\nannounce that through its 100% owned Australian subsidiary, Element\nMinerals Australia Pty Limited (“Element”), it has entered into an\nagreement with Mulga Minerals Pty Ltd. (“Mulga”) and Mt Dockerell\nMining Pty Ltd. (“MDM”), 100% owned subsidiaries of\n \n \n \n \n Hammer Metals Limited\n \n \n \n \n \n (“Hammer”), to divest an 80% interest in\nthe Mount Dorothy and Cobalt Ridge projects, two copper-cobalt-gold\nexplorations projects located in Mount Isa, Queensland Australia (the\n“Mount Isa Projects”).\n \n \n \n \n \n \n GEMC originally acquired the Mount Isa\nProjects from Hammer in parcel with the\n \n \n \n \n \n Millennium\nproject\n \n \n \n \n \n , a\ncopper-cobalt-gold asset that is currently being advanced through a\ncarried joint venture partnership with Metal Bank Limited.  Through\nproject funded exploration by Metal Bank, an updated JORC 2012 Mineral\nResource Estimate (MRE) was established with Millennium hosting 8.4Mt\n@ 1.23% CuEq (0.09% Co, 0.29% Cu and 0.12g/t Au) including open cut\n(86%) and underground (14%) Resources, representing a 42% tonnage\nincrease and 14% grade increase from the 2016 MRE (See\n \n \n \n \n \n news release dated March\n21, 2023\n \n \n \n \n \n for\ndetails).\n \n \n \n \n \n \n The Mount Isa Projects are both\nearly-stage exploration assets that present as an excellent\nopportunity for high-grade, under-explored assets that are in close\nproximity to a processing solution as well as having stand-alone\npotential.  The Compa...