Global Energy Metals Pays Bond to Commence Exploration on Nevada Battery Metals Project
Vancouver, April 25, 2019 - Global Energy Metals Corp. TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1 ("Global Energy Metals", the "Company" and/or "GEMC") is pleased to announce that it has made payment to the Bureau of Land Management ("BLM") for the required reclamation bond fee to conduct exploration work including drilling on mining claims at the Lovelock Cobalt Mine located in Churchill County, Nevada. Global Energy has an option on two battery metal projects, the Lovelock Cobalt Mine and Treasure Box, located on the doorstep of the world's largest lithium-ion battery production plant, the Gigafactory that Tesla Motors Ltd. and partner Panasonic Corp. have built in Nevada.
Mitchell Smith, CEO and Director stated:
"Completing this bond payment enables the Company to move forward with a staged exploration program at Lovelock that will allow for further definition of the character, size and potential of the nickel-cobalt-copper system.
We are excited about this initial phase of exploration and are very optimistic that this strategically located asset will significantly further the growth of our company."
The exploration program will be based upon ground induced polarization surveys that defined areas of anomalous subsurface chargeability. Encouraging data collected from the geophysical work along with initial geological mapping, chip and channel sampling and prospecting refined these results, generating a number of drill ready targets that will be a focus for Global Energy Metals.
Global Energy is currently reviewing work program options and anticipates announcing details of the first phase exploration program in the near future.
(TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1)
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/battery metal 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 acquire an 85% interest in two battery metal exploration projects in Nevada, 150 km east of the Tesla Gigafactory, and has entered into an agreement to acquire 100% of the Millennium Cobalt Project and two neighbouring discovery stage exploration-stage cobalt assets in Mt. Isa, Australia.
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) 2019 TheNewswire - All rights reserved.