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Global Energy Metals to be Granted Uranium Royalty on Saskatchewan-Based Projects and Shares in Terra Balcanica
(TheNewswire) Vancouver, BC - TheNewswire - July 3, 2024 - Global Energy Metals Corporation...
About this update from Global Energy Metals Corp
[{"type":"text","content":"Global Energy Metals to be Granted Uranium Royalty on Saskatchewan-Based Projects and Shares in Terra Balcanica\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 - July 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 OTCQB:GBLEF\n \n \n )\n \n \n |\n \n \n (\n \n \n FSE:5GE1\n \n \n )\n \n \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, further to the Company's\n \n \n \n \n news release dated April 3,\n2024\n \n \n \n \n \n , that\n \n \n \n \n \n Terra\nBalcanica Resources Corp.\n \n \n \n \n \n (“Terra”) have\nentered into a definitive option agreement (“Agreement’) with a\nwholly owned subsidiary of\n \n \n \n \n \n Fulcrum Metals\nPlc.\n \n \n \n \n \n , (“Fulcrum”, AIM:FMET) to acquire a 100%\ninterest in Fulcrum’s uranium portfolio of exploration licences (the\n“Licences”) located in northern Saskatchewan, Canada and\ncollectively encompassing 596.71 km\n \n \n \n \n 2\n \n \n \n \n of highly prospective ground for a uranium\ndiscovery.\n \n \n \n \n \n \n Details of the Agreement can be found in announcements made by both\nTerra and Fulcrum.\n \n \n \n \n \n \n As consideration for terminating the\n \n \n \n \n \n prior agreement between Fulcrum and Global\nEnergy\n \n \n \n \n \n and facilitating Terra as a new strategic\npartner, Global Energy will, subject to regulatory approval, be\ncompensated with the equivalent of C$150,000 in shares in Terra and\ngranted a 0.5% NSR over the Saskatchewan based project portfolio on\nclosing.\n \n \n \n \n \n \n Mitchell Smith, President and CEO commented on the\ntransaction:\n \n \n \n \n \n \n “We are pleased to see this arrangement between Terra Balcanica\nand Fulcrum executed and as a result the granting of a NSR royalty on\nthis highly prospective Athabasca basin uranium portfolio to Global\nand additionally being issued shares in Terra strengthening Global’s\nequity holdings in public exp...