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Global Energy Metals Signs Term Sheet with Metal Bank Limited to Advance its Millennium Cobalt-Copper-Gold Project in Queensland, Australia
(TheNewswire) Vancouver, BC - TheNewswire - June 7, 2021 - Global...
About this update from Global Energy Metals Corp
[{"type":"text","content":"Global Energy Metals Signs Term Sheet with Metal Bank Limited to Advance its 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 7, 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 it has entered into a binding Term Sheet with\n \n \n \n \n \n Metal Bank\nLimited\n \n \n \n \n \n (“Metal\nBank” and/or “MBK”) for a 6 month exclusive option\n(“Option”) in favour of MBK to earn-in and joint venture the\nMillennium Copper, Cobalt and Gold Project in Mount Isa, Queensland\n(“Millennium Project”) owned by GEMC’s wholly owned subsidiary,\nElement Minerals Australia Pty Ltd (“EMA”).\n \n \n \n \n \n \n The\n \n \n \n \n \n Millennium\nProject\n \n \n \n \n \n is an advanced\nexploration and development project located in the Mount Isa region,\n19km from the Rocklands copper-cobalt project which is host to 55.4Mt\nof Resources grading 0.64%Cu, 0.15 g/t Au, 290ppm Co (0.90%\nCuEq)\n \n \n \n \n 1\n \n \n \n \n . The Millennium\nProject holds an inferred 2012 JORC resource of 5.89MT @ 1.08%\nCuEq\n \n \n \n \n 2\n \n \n \n \n across 5 granted\nMining Leases with significant potential for expansion.\n \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 binding Term Sheet for a 6 month\nexclusive option for MBK to earn-in and joint venture GEMC’s\nMillennium copper-cobalt-gold Project in Queensland;\n \n \n \n \n - Millennium contains an inferred Cu\nequivalent Mineral Resource of 5.89MT\n \n \n \n 2\n \n \n \n with substantial growth upside;\n \n \n \n \n - Millennium presents as an\nexcellent opportunity to advance and develop a copper-cobalt asset of\nsignificant size in close proximity to processing solutions and\nexcelle...