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Global Energy Metals Portfolio Company Terra Balcanica Exercises First Option On Athabasca Basin Uranium Portfolio
(TheNewswire) Vancouver, BC - TheNewswire - July 22, 2025 / Global Energy Metals Corporatio...
About this update from Global Energy Metals Corp
[{"type":"text","content":"Global Energy Metals Portfolio Company Terra Balcanica Exercises First Option On Athabasca Basin Uranium Portfolio \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\n22, 2025 / Global Energy Metals Corporation TSXV:GEMC | OTCQB:GBLEF |\nFSE:5GE1 (“Global Energy Metals”, the “Company” and/or\n“GEMC”)\n \n\n , a multi-jurisdictional,\nmulti-commodity critical mineral exploration, development and project\ngenerating company focused on growth-oriented projects supporting the\nglobal transition to clean energy announces that portfolio company\nTerra Balcanica Resources Corp. (“Terra”), pursuant to the\ndefinitive option agreement signed with Fulcrum Metals Plc. and\nFulcrum Metals (Canada) Ltd. (collectively “Fulcrum”) on the\n \n\n\n\n 3rd of July,\n2024\n \n\n\n\n\n (the\n“Agreement”), has now exercised its right to complete the first\nyear of the option conditions required for Terra to acquire a 100%\ninterest in the Fulcrum’s prospective uranium portfolio consisting\nof the Charlot-Neely Lake, Fontaine Lake, Snowbird, and South\nPendleton licence clusters located along northern and southeastern\nmargins of the renowned Athabasca Basin (the “Uranium\nPortfolio”).\n \n\n\n\n\n Terra's full announcement is hosted on its website and\n \n\n\n\n can be accessed\nhere\n \n\n\n\n .\n \n\n\n\n\n Mitchell Smith, CEO\nand Director commented:\n \n\n\n\n\n\n “\n \n\n\n\n The uranium market is undergoing a seismic\nshift.  Having exposure to uranium through both an equity interest in\nTerra Balcanica and a strategic royalty over a highly-prospective\nexploration asset portfolio in a high-priority jurisdiction further\nenhances Global Energy’s strategy of building shareholder value to\nnew energy security. We look forward to Terra’s next steps in\nproject exploration and advancement of these very exciting uranium\nproperties.\n \n\n\n\n ”\n \n\n\n\n\n\n As a condition of the agreement between\nTerra and Fulcrum, Global Energy was issued 1,198,000 shares in Terra,\nequivalent to CAD $150,000, and granted a 0.5% NSR over the\nSaskatchewan based uranium project portfolio.\n \n\n\n\n\n\n For more information on the Uranium\nPortfolio and Agreement pleas...