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Global Energy Metals Terminates 7.5 Cent Financing; Launches Re-2ox Process Program in Nevada
(via TheNewswire) Vancouver, BC / TheNewswire / May 16, 2019 - Global Energy Metals Co...
About this update from Global Energy Metals Corp
[{"type":"text","content":"Global Energy Metals Terminates 7.5 Cent Financing; Launches Re-2ox Process Program in Nevada(via TheNewswire)\n \n \nVancouver, BC / TheNewswire / May 16, 2019 - Global Energy Metals Corporation TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1 (\"Global Energy Metals\", the \"Company\" and/or \"GEMC\") announces that the proposed private placement announced on May 7, 2019, will not proceed at this time due to Policy 5.3 for Tier-2 Venture Issuers under Section 7.1. \n\n\n \nAs previously announced, Global Energy Metals and Canada Cobalt Works (\"CCW\") have entered into a strategic technological initiative featuring the proprietary and environmentally friendly Re-2Ox Process as part of a wider exploration and drilling program that will allow for reinterpretation of historic data and a better understanding of the ability to unlock the cobalt, nickel and copper potential from GEMC's Nevada based projects.\n\n\n \n \n\n\nClick Image To View Full Size\n\n \n\n\nClick Image To View Full Size\n\n\n\n \n \nFigure 1 & 2. Adit entrance and site dump at Lovelock Mine, Nevada\n\n\n \nGEMC and Canada Cobalt are pleased to report that they've already commenced on-site work related to Re-2OX through a reconnaissance program at Lovelock and Treasure Box. More details will be provided in the near future. \n\n\n \nMeanwhile, initial fieldwork is demonstrating the potential to identify high-grade cobalt, nickel and copper mineralization over broader areas than originally believed at Lovelock and Treasure Box. \n\n\n \nQualified Person\n\n\n \nMr. Paul Sarjeant, P. Geo., is the qualified person for this release as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects and has reviewed and verified the technical information contained herein. \n\n\n \nGlobal Energy Metals Corporation\n\n\n \n(TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1)\n\n\n \nGlobal Energy Metals is focused on offering security of supply of cobalt, a critical material to the growing rechargeable battery market, by building a diversified global portfolio of cobalt assets including project stakes, projects and other supply sources. GEMC anticipates growing its business by acquiring project stakes in battery metal-related projects with key strategic partners. Global Energy Metals currently owns 70% of the Werner Lake Cobalt Mine in Ontario, Canada, has an option to acquir...