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Global Energy Metals Invests in Lithium; Enters Agreement to Acquire Royalty and Option on Alberta-Based Lithium Brine Project
(TheNewswire) Vancouver, BC - TheNewswire - February 4, 2025 - Global Energy Metals...
About this update from Global Energy Metals Corp
[{"type":"text","content":"Global Energy Metals Invests in Lithium; Enters Agreement to Acquire Royalty and Option on Alberta-Based Lithium Brine Project\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\n\n\n\n Vancouver, BC - TheNewswire -\nFebruary 4, 2025 - Global Energy Metals Corporation\n \n\n (\n \n\n TSXV:GEMC | OTCQB:GBLEF | 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 metal projects supporting the global\ntransition to clean energy, is pleased to announce, subject to TSX\nVenture Exchange approval, that it has entered into a non-binding\nLetter of Intent (the “Agreement”) with\n \n\n\n\n NeoLithica Ltd\n \n\n\n\n\n . (“NeoLithica”) to acquire an eighteen month option to\nacquire a 19.9% interest and a 1% Net Smelter Return (“NSR”)\nroyalty over NeoLithica’s Peace River Lithium Project (the\n“Project”).\n \n\n\n\n\n\n\n NeoLithica is an emerging lithium resource development\ncompany\n \n\n\n\n\n that plans to\nincorporate innovative direct lithium extraction (“DLE”) and\nrefining technologies to produce battery-grade lithium compounds in\nsupport of Canada’s critical mineral supply chain. The Company is\nheadquartered in Calgary, Alberta.\n \n\n\n\n\n\n HIGHLIGHTS:\n \n\n\n\n\n\n\n The global push for decarbonisation has placed lithium\nat the forefront of the clean energy transition with lithium brine\nprojects emerging as a promising solution to meet the growing demand\nfor battery-grade lithium while enhancing energy independence amid\nrising geopolitical uncertainties.\n \n\n\n\n\n\n The\n \n\n\n\n l\n \n\n\n\n ithium mining market is projected to grow from\n$10.96B in 2024 to $29.5B by 2032\n \n\n\n\n ,\nfuelled by a 13.18% CAGR during the forecast period.\n \n\n\n\n\n\n\n NeoLithica has assembled a large\ncontiguous mineral tenure position in Alberta’s Peace region that\nfeatures well developed production infrastructure.\n \n\n\n\n\n\n\n NeoLithica completed its\n \n\n\n\n National Instrument\n43-101 (\n \n\n\n\n “NI 43-101”)\nTechnical Report\n \n\n\n\n , which includes an\ninferred mineral resource estimat...