Global Energy Metals Signs Agreement with Electric Royalties and Scandinavian Resource Holdings to Create 1% NSR on the Rana Nickel-Cobalt-Copper Project in Norway

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[{"type":"text","content":"Global Energy Metals Signs Agreement with Electric Royalties and Scandinavian Resource Holdings to Create 1% NSR on the Rana Nickel-Cobalt-Copper Project in Norway\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n Vancouver, BC - TheNewswire - October 19, 2021 -\n \n \n \n \n Global\nEnergy Metals Corporation\n \n \n \n \n \n (\n \n \n \n \n \n TSXV:GEMC\n \n \n \n \n \n )\n \n \n \n \n |\n \n \n \n \n (\n \n \n \n \n \n OTCQB:GBLEF\n \n \n \n \n \n )\n \n \n \n \n |\n \n \n \n \n (\n \n \n \n \n \n FSE:5GE1\n \n \n \n \n \n )\n \n \n \n \n (“Global Energy Metals”, the “Company” and/or\n“GEMC\n \n \n \n \n ”),\n \n \n \n \n a company involved\nin the investment exposure to the battery metals supply chain, is\npleased to announce the signing of a letter of intent between Electric\nRoyalties Ltd. (“Electric Royalties” and/or “ELEC”) and\nScandinavian Resource Holdings (“SRH”) to create a new 1% Net\nSmelter Royalty (the “1% NSR”) on four exploration licenses\ntotaling 25 square kilometers in the Råna mafic-ultramafic intrusion\nin Northern Norway and includes the past producing Bruvann Nickel mine\n(the “Råna Project” or “Råna”).\n \n \n \n \n \n Rana Nickel Royalty Acquisition\nHighlights\n \n \n \n \n - Includes the past producing Bruvann Ni-Cu-Co mine\nwhich has significant historical resources remaining after production\nshut down in 2002, following 13 years of production due to low nickel\nprices;\n \n \n \n \n - Located adjacent to main north-south highway and in\nan area with a long history of mining and skilled manpower;\n \n \n \n \n - Available mine infrastructure includes power, roads,\nand conveyor from mine site to existing port facilities;\n \n \n \n \n - Large historical drill database demonstrating\ncompelling near mine exploration potential;\n \n \n \n \n \n \n - Underexplored property with demonstrated exploration\npotential and re-start potential; and\n \n \n \n \n - GEMC to receive cash and share equity in Electric\nRoyalties further increasing its exposure to the company and its\ngrowing portfolio of technology enabling metal projects.\n \n \n \n \n \n \n Mitchell Smith, CEO of Global Energy\nMetals commented:\n \n \n \n \n “\n \n \n \n We are excited to partne...

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