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Global Energy Metals Strikes Deal with Terra Balcanica and Fulcrum Metals Gaining Exposure to Highly Prospective Ground for Uranium Discovery in Athabasca Basin, Saskatchewan
(TheNewswire) Vancouver, BC - TheNewswire - April 3, 2024 - Global Energy Metals Corporatio...
About this update from Global Energy Metals Corp
[{"type":"text","content":"Global Energy Metals Strikes Deal with Terra Balcanica and Fulcrum Metals Gaining Exposure to Highly Prospective Ground for Uranium Discovery in Athabasca Basin, Saskatchewan\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 -\nTheNewswire - April 3, 2024 - Global Energy Metals Corporation\n \n \n (\n \n \n TSXV:GEMC\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 FSE:5GE1\n(“Global Energy Metals”, the “Company” and/or\n“GEMC”)\n \n \n , a multi-jurisdictional, multi-commodity critical mineral\nexploration, development and project generating company focused on\ngrowth-oriented projects supporting the global transition to clean\nenergy announces that, has terminated its agreement with Fulcrum\nMetals Plc and struck a new deal with Terra Balcanica Resources Corp,\nsecuring compensation and a royalty over highly prospective uranium\nprojects in Saskatchewan.\n \n \n \n \n Full details of\nthe transaction can be found on the Company’s website in a news\nrelease issued earlier in the day.\n \n \n \n \n April 3, 2024:\n \n \n \n \n Global Energy Metals\nGranted Uranium Royalty on Saskatchewan-Based Projects and Shares in\nTerra Balcanica; Terminates Agreement with Fulcrum\nMetals\n \n \n \n \n \n \n Highlights:\n \n \n \n \n \n \n Exposure to\nuranium, a new commodity to Global Energy’s existing project, equity\nand royalty portfolio;\n \n \n \n \n \n \n Strategic equity\nposition in Terra Balcanica, a publicly listed multi-commodity company\nwith a new focus on uranium exploration in the Athabasca Basin\n(“Basin”);\n \n \n \n \n \n \n Historical work\nat the Projects has demonstrated evidence of uranium mineralization\nalong favourable structural trends with prospective target horizons\nbased on electromagnetic conductors;\n \n \n \n \n \n \n Proximal to\nnorthern and southeastern edges of the Basin in northern Saskatchewan,\na premium mining district and leading global source of high-grade\nuranium;\n \n \n \n \n \n \n Charlot-Neely is\nlocated within the emerging Uranium City district on the northwestern\nmargin of the Basin;\n \n \n \n \n \n \n Exploration\nexpenditures by Terra totalling $3,250,000 prior to the fourth\nanniversary of the Option Agreement...