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Global Energy Metals' Partner Enters MOU With Austral Resources To Assess Toll Treatment Opportunities At The Millennium Project
(TheNewswire)    Vancouver, BC - TheNewswire - February 17, 2026 - Global Energy Me...
About this update from Global Energy Metals Corp
[{"type":"text","content":"Global Energy Metals' Partner Enters MOU With Austral Resources To Assess Toll Treatment Opportunities At The Millennium Project\n(TheNewswire)\n\n  \n\n\nVancouver, BC -\nTheNewswire - February 17, 2026 - Global Energy Metals Corporation\nTSXV:GEMC | OTCQB:GBLEF | FSE:5GE1 (“Global Energy Metals”, the\n“Company” and/or “GEMC”), a multi-jurisdictional, multi-commodity\ncritical mineral exploration, development and project generating\ncompany focused on growth-oriented projects supporting the global\ntransition to the new energy economy, is pleased to report that\nASX\nlisted Metal Bank Ltd.,  (“Metal Bank”\nand/or “MBK”) as project operator has signed a non-binding\nMemorandum of Understanding (“MOU”) with ASX listed Austral\nResources Australia Ltd (“Austral”) in relation to a strategic\nalliance regarding future toll treating of ore from the\nMillennium Copper Cobalt Gold Graphite\nProject (“Millennium”\nand/or the “Project”) through Austral’s newly acquired Rocklands\nprocessing facility (“Rocklands”).  \n\n\nRocklands is located approximately 19km from Millennium and Austral\nis pursuing a consolidation strategy to establish Rocklands as a\nprocessing hub capable of servicing multiple regional ore sources.\nFeasibility work has been commenced by Austral and the re-start of\nRocklands is expected within 2 years.\n\n\nHighlights:\n\n\n\n\n Metal Bank has signed a\nnon-binding MOU with Austral to evaluate potential toll treatment of\nore from the Millennium Project at Austral’s Rocklands processing\nfacility \n\n\n\nRocklands is located approximately\n19km from Millennium representing another positive step towards\nconsolidation in Queensland’s Cloncurry and Mt Isa region that would\nbenefit greatly from such a strategy. \n\n\n\nProvides the potential to\nsignificantly bolster the mill feed for Rocklands, ahead of restart\nstudy phase. \n\n\n\nMillennium holds a JORC 2012 Mineral\nResource Estimate (MRE) of 8.4Mt @ 0.09% Co, 0.29% Cu and 0.12g/t Au\nfor a 1.23% CuEq*: \n\n\n\n\nLocated on 5 granted mining\nleases \n\n\n\nSignificant potential for expansion\nwith an application for an additional mining lease recently\nlod...