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Global Energy Metals Signs Definitive Option Agreement with Metal Bank Limited to Commence Work Program on the Millennium Cobalt-Copper-Gold Project in Queensland, Australia
(TheNewswire) Vancouver, BC - TheNewswire - June 28, 2021 - Globa...
About this update from Global Energy Metals Corp
[{"type":"text","content":"Global Energy Metals Signs Definitive Option Agreement with Metal Bank Limited to Commence Work Program on the Millennium Cobalt-Copper-Gold Project in Queensland, Australia\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n Vancouver, BC - TheNewswire - June 28, 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 OTC: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 investment exposure to the battery metals supply chain, is pleased\nto announce that following on from\n \n \n \n \n \n signing binding terms\nearlier this month\n \n \n \n \n \n it\nhas now entered into a formal option agreement with\n \n \n \n \n \n Metal Bank Limited\n \n \n \n \n \n (“Metal Bank” and/or “MBK”) for a 6\nmonth exclusive option (“Option”) in favour of MBK to earn-in and\njoint venture the Millennium cobalt, copper and gold project in Mount\nIsa, Queensland (“Millennium” and/or the “Project”) owned by\nGEMC’s wholly owned subsidiary, Element Minerals Australia Pty Ltd\n(“EMA”).\n \n \n \n \n \n During the exclusive 6-month option period, MBK will\nundertake further due diligence and complete an initial exploration\nprogram to confirm the potential for mineralisation in the northern\nhalf of the tenement package.   An infill pXRF soil survey and\ngeological mapping to refine drilling locations will commence in the\nfirst week of July.\n \n \n \n \n At the end of the option period, MBK will have the\nright to commence a formal earn-in to the Project to earn up to an 80%\ninterest over two phases.\n \n \n \n \n \n \n Highlights\n \n \n \n \n \n \n - Global Energy Metals and Metal\nBank Limited (ASX:MBK) have signed a\n \n \n \n \n formal agreement\ngranting MBK a 6 month exclusive option to earn-in and joint venture\nGEMC’s Millennium copper-cobalt-gold Project in the heart of Mount\nIsa, Queensland;\n \n \n \n \n - Millennium contains an inferred Cu\nequivalent Mineral Resource of 5.89MT\n \n \n \n 1\n \n \n \n across 5 ...