Global Energy Metals Appoints Suzhou-Headquartered New Tigers As China Representative For Project Investment And Cobalt Product Partnerships
VANCOUVER, MAY 24, 2017 - Global Energy Metals Corp. TSXV:GEMC ("Global Energy Metals", the "Company" and/or "GEMC") is pleased to announce that it has appointed New Tigers Consulting Limited ("New Tigers" and/or "NTC") as its China Representative to seek additional investors and material supply partners in Mainland China, Hong Kong and Taiwan, further expanding its footprint into China, the world's largest importer and refiner of cobalt. On March 22nd, 2017, GEMC announced the strategic partnership with Beijing Easpring Technology Material Co., Ltd. ("Easpring") to co-invest, co-develop and jointly commercialize cobalt projects to meet the battery supplier's mandate to secure access to cobalt material. This partnership with NTC will complement the agreement with Easpring and create opportunities for GEMC to further cooperate with downstream battery manufacturers.
New Tigers has worked with a number of North American and Asian companies facilitating off-take, finance, M&A and other business combinations.
Mitchell Smith, President & CEO stated:
"We are pleased to welcome New Tigers as our Chinese representatives in advancing the company's cobalt material supply strategy. New Tigers will be important partners in supporting GEMC's penetration into the Chinese battery metals market and bring forward strong funding opportunities to further facilitate the continued growth of the company's cobalt initiatives."
On behalf of New Tigers, Dr. Wei Qian, Founder and Director said:
"We are extremely pleased to be working with Global Energy Metals and will focus our efforts on achieving key partnership and funding milestones."
As China Representative, NTC will be responsible for marketing commercial mineral opportunities, establishing joint programs and material contracts, and will assist GEMC to build stronger relationships with Chinese battery cathode manufacturers. In addition, NTC will introduce Chinese capital to invest into GEMC through direct project level stakes.
New Tigers has successfully financed, advised, created partnerships and developed strategic plans for both international and Chinese companies intending to expand their business activities in the overseas markets. New Tigers is headquartered in Suzhou, Jiangsu Province, P. R. China, a major economic centre and focal point for trade and commerce. NTC also has branch offices in Shanghai, Beijing, Shenzhen, Dublin (Ireland) and Toronto, Ontario (Canada).
Global Energy Metals Corp. (TSXV:GEMC)
Global 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 metals related projects with key strategic partners. Global Energy Metals currently owns and is advancing the Werner Lake Cobalt Mine in Ontario, Canada.
For Further Information:
#1501-128 West Pender Street
Vancouver, BC, V6B 1R8
Email: info@globalenergymetals.com
t. + 1 (604) 688-4219 extensions 236/237
Cautionary Statement on Forward-Looking Information:
Certain information in this release may constitute forward-looking statements under applicable securities laws and necessarily involve risks associated with regulatory approvals and timelines. Although Global Energy Metals believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. For more information on Global Energy and the risks and challenges of their businesses, investors should review the filings that are available at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
We seek safe harbour.
Copyright (c) 2017 TheNewswire - All rights reserved.