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Global Energy Metals Provides Corporate Update Including Welcoming of New Significant Shareholder and Advancement of Multiple Partner Funded Field Work Programs
(TheNewswire) Vancouver, BC - TheNewswire - July 18, 2023 - Global Energy Metals Corpor...
About this update from Global Energy Metals Corp
[{"type":"text","content":"Global Energy Metals Provides Corporate Update Including Welcoming of New Significant Shareholder and Advancement of Multiple Partner Funded Field Work Programs \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\n18, 2023 -\n \n \n Global Energy\nMetals Corporation\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 provide a corporate\nupdate.\n \n \n \n \n As a result of multiple project monetization events,\n \n \n \n \n including the generation\nof two new royalties\n \n \n \n \n to the Global\nEnergy Metals’ portfolio as well as\n \n \n \n \n several non-dilutive\nproject advancements\n \n \n \n \n , the Company was\nrecently informed that Stefan Gleason, a Charlotte-based entrepreneur\nwho owns and leads several privately held businesses in the United\nStates including\n \n \n \n \n Money Metals Exchange\nLLC\n \n \n \n \n , has taken a significant\nin-market interest in the Company having acquired 14.18% of the issued\nand outstanding Shares on an as converted and partially diluted\nbasis.\n \n \n \n \n Gleason is also the managing Director of\n \n \n \n Gleason\n& Sons LLC\n \n \n \n which invests in equity as\nwell as provides credit facilities to mining royalty companies.\n \n \n \n \n Commenting on taking a strategic\nposition in GEMC, Mr. Gleason said:\n \n \n \n \n \"\n \n \n \n Over the past year, Global Energy Metals\nhas strategically pivoted to creating royalties and establishing joint\nventures, enabling it to diversify its battery metals exposure while\nreducing its internal costs amid today's difficult capital market for\nmining equities.  With two new royalties created just last week, all\nof Global's projects other than Nevada-based Lovelock and Treasure Box\nare proceeding under joint-venture arrangements - with its partners\nresponsible for virtually all exploration and development\nexpenditures. I believe this deeply un...