Proactiveinvestors USA & Canada Global Energy Metals Corp https://www.proactiveinvestors.com Proactiveinvestors USA & Canada Global Energy Metals Corp RSS feed en Thu, 20 Jun 2019 08:18:13 -0400 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Global Energy Metals expands claim footprint in Nevada as it's poised to advance battery metals project ]]> https://www.proactiveinvestors.com/companies/news/222069/global-energy-metals-expands-claim-footprint-in-nevada-as-it-s-poised-to-advance-battery-metals-project-222069.html Global Energy Metals Corp (CVE:GEMC) (OTCMKTS:GBLEF) has expanded its claim footprint in Nevada, where it has optioned the Lovelock cobalt mine and nearby Treasure Box project.

The explorer has now staked 11 new claims, which adjoin the 70 pre-existing ones in Churchill County, GEMC told investors in a statement.

The new claims lie north of the historic mine shaft and cover around 75 hectares increasing the Lovelock property to a total of 642 hectares, within 81 claims.

READ THE DEEP DIVE: Global Energy Metals has a promising portfolio of projects in key jurisdictions

"As Global Energy Metals commences its exploration program on our newly optioned ground at the Lovelock Cobalt Mine in Nevada, we wanted to ensure our land position covered additional prospective areas contiguous to current holdings," said Mitchell Smith, chief executive and director at GEMC.

Smith added the group was particularly excited to have strengthened its land position after recent sampling from the newly staked area extended the potential for further cobalt, nickel and copper mineralization around the historically producing mine.

In January this year, the energy metals group inked the definitive agreement to acquire an 85% interest in the two 'highly prospective' cobalt projects in Nevada.

The Lovelock cobalt mine and the Treasure Box project are around 150 km east of the giant Tesla (NASDAQ:TSLA) Gigafactory in Sparks, Nevada, which churns out electric batteries to make cars.

The past producing Lovelock mine consists of 70 unpatented lode claims in the Cottonwood Canyon area and totals around 1,400 acres (567 hectares). The mine operated from 1883 to 1890 to the 100-foot level, reporting 500 tons of cobalt and nickel mineralized material shipped to England for processing.

No further production from the Lovelock Mine is known for well over a century.

A 'unique opportunity'

The Lovelock and Treasure Box projects represent a "unique opportunity to make a new battery metals discovery in Nevada, a proven mining district ranked as the most attractive mining jurisdiction by the Fraser Institute's Annual Survey of Mining Companies, 2018," GEMC has said.

The firm is currently compiling historical data and formulating plans for exploration advance the project.

Excitingly, earlier this month, GEMC said it received regulatory approval for a deal that will see it use Canada Cobalt Works' Re-2OX technology for one year, with an aim to rapidly advance the Nevada assets.

Canada Cobalt Works has a proprietary process known as Re-2OX that extracts cobalt, precious metals and base metals without using a traditional smelter

The Re-2OX technology is compelling -- it skips the normal smelting process to achieve high recovery rates for cobalt, nickel and copper, while also removing 99% of arsenic. The move expands the potential of the Lovelock mine and could potentially create battery-grade cobalt sulphate.

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter@Gile74

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Thu, 13 Jun 2019 09:09:00 -0400 https://www.proactiveinvestors.com/companies/news/222069/global-energy-metals-expands-claim-footprint-in-nevada-as-it-s-poised-to-advance-battery-metals-project-222069.html
<![CDATA[Media files - Global Energy Metals sign deal to use Canada Cobalt Works technology in Nevada ]]> https://www.proactiveinvestors.com/companies/stocktube/13687/global-energy-metals-sign-deal-to-use-canada-cobalt-works-technology-in-nevada-13687.html Mon, 10 Jun 2019 15:58:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/13687/global-energy-metals-sign-deal-to-use-canada-cobalt-works-technology-in-nevada-13687.html <![CDATA[News - Global Energy Metals has a promising portfolio of projects in key jurisdictions ]]> https://www.proactiveinvestors.com/companies/news/221683/global-energy-metals-has-a-promising-portfolio-of-projects-in-key-jurisdictions-221683.html Global Energy Metals Corp (CVE:GEMC) (OTCMKTS:GBLEF) is building a diverse portfolio of exploration and growth-stage cobalt assets. The firm has a focus on acquiring metals and mining companies with a focus on metals in the rechargeable battery market and energy storage sector. It aims to acquire cobalt, lithium, graphite, and other battery metals projects.

The company has an option on two battery metal projects, the Lovelock cobalt mine and Treasure Box projects, which are located in Churchill County, around 150 km east of the Tesla Gigafactory in Sparks, Nevada.

In addition to the two Nevada projects, in which the firm has an option to acquire an 85% interest in, Global Energy Metals also owns 70% of the Werner Lake Cobalt Mine in Ontario, 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.

Right place, right time

The firm has its footprint in multiple countries, providing a diverse portfolio of assets. 

In Australia, the firm is positioning itself as an explorer and developer in the well-known Mt. Isa mining district in Queensland, Australia, as it advances its flagship Millennium Cobalt project and Mt. Dorothy and Cobalt Ridge projects aimed at creating a district-scale cobalt exploration and development opportunity. ​​​

Millennium is a jurisdictionally safe, growth-stage exploration project with a large defined zone of cobalt-copper mineralization which remains open at depth and along strike. Millennium is located close to well-established mining, transport and processing infrastructure, along with a skilled workforce in the regional centres of Mount Isa and Cloncurry. It's a deal that is pivotal, and would bolster GEMC's footprint by 20X for the firm's Australian land position. 

The firm is also promisingly-positioned in Nevada, where the company holds an option on two battery metal projects, the Lovelock cobalt mine and Treasure Box projects. Nevada is a noted mining-friendly state, and the projects have several copper-gold projects nearby, benefiting from strong infrastructure. Not to mention its location, 150 kilometres east of Sparks Nevada, home to Tesla’s Gigafactory 1.

The Nevada project is a historic producer, which had a limited but high-grade production of cobalt, nickel and copper in the 1880s, but hasn't been explored in modern times. The firm is drill ready there, with eight diamond drill targets identified in addition to geological mapping, chip and channel sampling and geophysics.

In Canada, the firm owns 70% of the Werner Lake Cobalt Mine in Ontario, located in northwestern Ontario, near the Ontario-Manitoba border in the Kenora mining district. The two largest cobalt deposits defined to date are the Werner Lake and West Cobalt deposit, of which both are controlled by GEMC. These are also historical producing mines, with opportunities to define addition high-grade cobalt zones at these deposits, as well as more broadly thoughrough the area. 

Cobalt production constrained

Cobalt, a silverish-gray metal, is an essential ingredient in lithium-ion batteries that power smartphones as well as plug-in electric vehicles.

But its production is constrained, with 99% of cobalt being produced as a co-product, and two-thirds coming from the politically turbulent Democratic Republic Congo (DRC). Many high-grade cobalt properties around the world can’t be developed because they have toxic materials associated with them. It's estimated that 84% of cobalt is processed in China.

Eyes are turning elsewhere, in places like Australia and Canada, and for GEMC, that’s welcome news.

How it is doing

It's been a busy 2019 for Global Energy Metals, which continues to actively push forward all of its projects. 

In April, the firm closed a C$800,000 oversubscribed financing round, issuing 16.27 million shares priced at $0.05 apiece for gross proceeds of $813,500, which will be used for exploration and development at the Lovelock mine and Treasure Box projects in Nevada.

The firm also recently revealed news that it has received regulatory approval for a deal that will see it use Canada Cobalt Works' Re-2OX technology for one year, with an aim to rapidly advance its Nevada projects. The proprietary process, known as Re-2OX, extracts cobalt, precious metals and base metals without using a traditional smelter.

Earlier in 2019, the firm reported encouraging drill assays from the Werner Lake Cobalt project in Ontario, where it appears that the current mineral resource can be expanded. The high-grade assays come from joint-venture partner Marquee Resources Ltd. 

Its objective in the 2018 drill campain was to confirm the "extent and continuity of high-grade cobalt mineralization at Werner but has also extended the limits of mineralization defined by the current mineral resource model," said Paul Sarjeant, the company's vice president of projects in a release.

Werner Lake is one of the most advanced, near-term production primary cobalt mine project in Canada and has a higher confidence indicated resource of 57,900 tonnes at 0.51% cobalt for 653,000 pounds of cobalt.

Inflection points

On a broad level, one important factor to note is the electric vehicle revolution, and what role cobalt will play in that. The energy storage revolution is propelling high demand for the key battery minerals. The prospect of a booming electric vehicle market is expected to boost demand, with some estimates indicating that demand for cobalt could grow at an average rate of approximately 5% to 8% per year for the next several years.

On a project specific level, the Lovelock and Treasure Box projects represent a "unique opportunity to make a new battery metals discovery in Nevada, a proven mining district ranked as the most attractive mining jurisdiction by the Fraser Institute's Annual Survey of Mining Companies, 2018," noted the company in a recent release.

GEMC's recent deal, giving it the ability to use Re-2OX technology is compelling -- it skips the normal smelting process to achieve high recovery rates for cobalt, nickel and copper, while also removing 99% of arsenic. The move expands the potential of the Lovelock mine and could potentially create battery-grade cobalt sulphate.

This is just one part of a wider exploration and drill program, which will help give better understanding of the potential of GEMC's Nevada-based projects. Global Energy Metals is currently pulling together plans for its exploration and drilling campaigns to advance the battery metals project, which has a promising future. The region is compelling and shows strong enrichment in cobalt, nickel and copper, making it attractive for further exploration and expansion through other opportunities. 

2019 will be a busy season for the company with multiple programs ongoing. The race to deliver cobalt is far from over, in fact, it's not expected to peak for an estimated five to 10 years.

CEO says strategy is "one of exploration, move it to a development stage and bring in partners"

Mitchell Smith, CEO of GEMC, says the company's strategy is "one of exploration, move it to a development stage and bring in partners that we have currently," noting the group has a strategic partnership with a Chinese group, Beijing Easpring Material Technology Co. 

Contact Katie Lewis at katie@proactiveinvestors.com

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Thu, 06 Jun 2019 14:24:00 -0400 https://www.proactiveinvestors.com/companies/news/221683/global-energy-metals-has-a-promising-portfolio-of-projects-in-key-jurisdictions-221683.html
<![CDATA[News - Global Energy Metals gets final approval to use Canada Cobalt Works' Re-2OX technology to extract battery-grade product ]]> https://www.proactiveinvestors.com/companies/news/221665/global-energy-metals-gets-final-approval-to-use-canada-cobalt-works--re-2ox-technology-to-extract-battery-grade-product-221665.html Global Energy Metals Corp (CVE:GEMC) (OTCMKTS:GBLEF) released news Thursday, that the firm has received regulatory approval for a deal that will see it use Canada Cobalt Works' Re-2OX technology for one year, with an aim to rapidly advance its Lovelock cobalt mine and Treasure Box projects in Nevada.

Canada Cobalt Works has a proprietary process known as Re-2OX that extracts cobalt, precious metals and base metals without using a traditional smelter.

The Re-2OX technology is compelling -- it skips the normal smelting process to achieve high recovery rates for cobalt, nickel and copper, while also removing 99% of arsenic. The move expands the potential of the Lovelock mine and could potentially create battery-grade cobalt sulphate.

READ: Global Energy Metals signs agreement with Canada Cobalt Works to use Re-2OX to extract battery grade product

The Lovelock cobalt mine and Treasure Box projects are located in Churchill County, around 150 km east of the Tesla Gigafactory in Sparks, Nevada.

The Re-2OX technology is part of a wider exploration and drill program, which will help give better understanding of the potential of GEMC's Nevada-based projects. 

The Lovelock and Treasure Box projecs represent a "unique opportunity to make a new battery metals discovery in Nevada, a proven mining district ranked as the most attractive mining jurisdiction by the Fraser Institute's Annual Survey of Mining Companies, 2018," noted the company in a release.

Global Energy Metals is currently pulling together plans for its exploration and drilling campaigns to advance the battery metals project. 

As part of the agreement, GEMC will pay Canada Cobalt Works a cash payment of C$50,000 and issue 2 million units of GEMC at $0.075 per unit for a total of $150,000.

GEMC holds a number of projects

In addition to the two Nevada projects, in which the firm has an option to acquire an 85% interest in, Global Energy Metals also owns 70% of the Werner Lake Cobalt Mine in Ontario, 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.

Shares of GEMC were trading at C$0.08 in Canadian trading on Thursday. 

Contact Katie Lewis at katie@proactiveinvestors.com

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Thu, 06 Jun 2019 10:50:00 -0400 https://www.proactiveinvestors.com/companies/news/221665/global-energy-metals-gets-final-approval-to-use-canada-cobalt-works--re-2ox-technology-to-extract-battery-grade-product-221665.html
<![CDATA[News - Global Energy Metals signs agreement with Canada Cobalt Works to use Re-2OX to extract battery grade product ]]> https://www.proactiveinvestors.com/companies/news/221242/global-energy-metals-signs-agreement-with-canada-cobalt-works-to-use-re-2ox-to-extract-battery-grade-product-221242.html Global Energy Metals Corp (CVE:GEMC) (OTCMKTS:GBLEF) unveiled news Thursday, that the firm has inked a binding agreement with Canada Cobalt Works Inc (CVE:CCW), which will allow it to use Canada Cobalt Works' Re-2OX technology for one year, with an aim to rapidly advance its Lovelock cobalt mine and Treasure Box projects in Nevada. 

The firm noted it had amended the terms of the previous non-binding memorandum of understanding. Canada Cobalt Works has a proprietary process known as Re-2OX that extracts cobalt, precious metals and base metals without using a traditional smelter.

"The Lovelock property has delivered historical cobalt, nickel and copper production and, more recently, encouraging assay numbers from samples taken during our site visit earlier this month," said CEO Mitchell Smith. "We are keen to get to work and explore the property-wide potential of this asset and work alongside Canada Cobalt Works in unlocking value through the Re-2OX process. "

READ: Global Energy Metals closes oversubscribed financing; raises $800,000 for exploration and development at Nevada projects

The deal allows for cobalt-, nickel- and copper-bearing material from Global Energy Metals’ Lovelock and Treasure Box projects to go through the Re-2OX process to confirm efficient battery metal extraction with the aim of creating a battery-grade test product.

GEMC's Lovelock cobalt mine and Treasure Box projects are located in Churchill County, around 150 km east of the Tesla Gigafactory in Sparks, Nevada.

The company recently conducted a site visit of the property and took a number of selective samples that were sent to ALS, a geochemistry analytical lab, in Sparks, Nevada.

The company said in a release results from the samples "compare well and reinforce confidence in the historical numbers for battery metals including cobalt, copper and nickel."

In addition to the samples, GEMC said about 100 kg of material was taken during the site visit and sent to a lab in Lakefield, Ontario to be analyzed, in conjuntion with Canada Cobalt Works.

"Lab findings, combined with the exploration potential and targets identified by the technical team, supports the development of an initial work program including additional surveying and sampling and an integrated model of the historical workings and geological data to extrapolate high priority target areas for future drilling," noted the company in a release, adding that planning for this is well underway. 

As part of the agreement, GEMC will pay Canada Cobalt Works a cash payment of C$50,000 and issue 2 million units of GEMC at $0.075 per unit for a total of $150,000.

The agreement is subject to TSX Venture Exchange approval. 

Shares of GEMC were trading at C$0.07 in Canadian trading. 

Contact Katie Lewis at katie@proactiveinvestors.com

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Thu, 30 May 2019 10:57:00 -0400 https://www.proactiveinvestors.com/companies/news/221242/global-energy-metals-signs-agreement-with-canada-cobalt-works-to-use-re-2ox-to-extract-battery-grade-product-221242.html
<![CDATA[Media files - Global Energy Metals sees need for cobalt rising with electric vehicle demand increasing ]]> https://www.proactiveinvestors.com/companies/stocktube/12477/global-energy-metals-sees-need-for-cobalt-rising-with-electric-vehicle-demand-increasing-12477.html Tue, 05 Mar 2019 22:27:00 -0500 https://www.proactiveinvestors.com/companies/stocktube/12477/global-energy-metals-sees-need-for-cobalt-rising-with-electric-vehicle-demand-increasing-12477.html <![CDATA[Media files - Global Energy Metals CEO and Strategic advisor share thoughts on Cobalt market ]]> https://www.proactiveinvestors.com/companies/stocktube/12222/global-energy-metals-ceo-and-strategic-advisor-share-thoughts-on-cobalt-market-12222.html Thu, 14 Feb 2019 06:49:00 -0500 https://www.proactiveinvestors.com/companies/stocktube/12222/global-energy-metals-ceo-and-strategic-advisor-share-thoughts-on-cobalt-market-12222.html <![CDATA[Media files - Global Energy Metals closes purchase of Nevada project, negotiates better terms ]]> https://www.proactiveinvestors.com/companies/stocktube/11915/global-energy-metals-closes-purchase-of-nevada-project-negotiates-better-terms-11915.html Mon, 21 Jan 2019 06:25:00 -0500 https://www.proactiveinvestors.com/companies/stocktube/11915/global-energy-metals-closes-purchase-of-nevada-project-negotiates-better-terms-11915.html <![CDATA[Media files - Global Energy Metals sees positive results from tests at Cobalt Project in Australia ]]> https://www.proactiveinvestors.com/companies/stocktube/11124/global-energy-metals-sees-positive-results-from-tests-at-cobalt-project-in-australia-11124.html Tue, 06 Nov 2018 15:25:00 -0500 https://www.proactiveinvestors.com/companies/stocktube/11124/global-energy-metals-sees-positive-results-from-tests-at-cobalt-project-in-australia-11124.html <![CDATA[Media files - Global Energy Metals acquires cobalt mine down the road from Tesla Gigafactory ]]> https://www.proactiveinvestors.com/companies/stocktube/10438/global-energy-metals-acquires-cobalt-mine-down-the-road-from-tesla-gigafactory-10438.html Tue, 11 Sep 2018 13:53:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/10438/global-energy-metals-acquires-cobalt-mine-down-the-road-from-tesla-gigafactory-10438.html <![CDATA[News - Global Energy Metals forays into the US; set to buy two cobalt projects 150km from Tesla's Gigafactory ]]> https://www.proactiveinvestors.com/companies/news/204648/global-energy-metals-forays-into-the-us-set-to-buy-two-cobalt-projects-150km-from-tesla-s-gigafactory-204648.html Global Energy Metals Corp (CSE:GEMC) has moved into the US with a new deal to buy two high-grade cobalt projects just 150km from Tesla's (NASDAQ:TSLA) Gigafactory — the largest battery factory on earth.

It has entered a letter of intent (LOI) with Nevada Sunrise Gold Corp to acquire an 80% interest in the Lovelock Cobalt mine and the Treasure Box project.

WATCH: Global Energy Metals ready to "rock" the Cobalt world with Australian Project

"We are very pleased with the signing of the LOI to acquire an interest in the Lovelock and Treasure Box cobalt projects as we believe this transaction represents an excellent step for the company to further grow its exciting cobalt asset portfolio and build a new presence in the United States," said Mitchell Smith, president and chief executive of Global Energy Metals.

"We look forward to applying modern exploration methods to unlock the potential of these high-grade cobalt assets."

GEMC says Nevada is the "right place at the right time" for cobalt and is a superior mining jurisdiction which hosts several promising copper-gold projects nearby and also has excellent infrastructure.

The assets in question encompass a historic producer, in which the average of 200 tons shipped in 1886 was 14% cobalt and 12% nickel. They have never been thoroughly explored in modern times, said GEMC.

READ: Global Energy Metals releases encouraging results from Millennium cobalt project

They are drill ready and an exploration program is expected to include detailed geological mapping, chip and channel sampling and magnetic surveys.

In order to exercise the option, GEMC must follow a number of conditions. It will issue to Nevada Sunrise shares worth US$200,000 at a deemed price per share equal to the greater of: C$0.15; and, also:  the volume weighted average of the closing price of the company's shares for the 20 trading days immediately before executing the definitive agreement.

Shares added 7.7% to C$0.07 in afternoon trade in Toronto.

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Tue, 11 Sep 2018 09:22:00 -0400 https://www.proactiveinvestors.com/companies/news/204648/global-energy-metals-forays-into-the-us-set-to-buy-two-cobalt-projects-150km-from-tesla-s-gigafactory-204648.html
<![CDATA[Media files - Global Energy Metals ready to "rock" the Cobalt world with Australian Project ]]> https://www.proactiveinvestors.com/companies/stocktube/10406/global-energy-metals-ready-to-rock-the-cobalt-world-with-australian-project-10406.html Fri, 07 Sep 2018 15:14:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/10406/global-energy-metals-ready-to-rock-the-cobalt-world-with-australian-project-10406.html <![CDATA[News - Global Energy Metals bolsters board with new appointees ]]> https://www.proactiveinvestors.com/companies/news/201859/global-energy-metals-bolsters-board-with-new-appointees-201859.html Global Energy Metals Corp. (CVE:GEMC) announced Monday that it has appointed Alex Hewlett to its board of directors.

The appointment is subject to the completion of the acquisition of the Millennium cobalt project, as well as the Mount Dorothy cobalt project and the Cobalt Ridge project (collectively known as the Mount Isa projects).

Additionally, the company announced that chief executive officer and president Mitchell Smith has also been appointed to the board. 

Global Energy Metals is currently in the process of acquiring the balance of the Millennium Property and the Mt. Isa Projects from Hammer Metals, and will now hold 100% of both in exchange for common shares of GEMC, equal to 19.9% of the issued share capital. Hammer was granted the right to nominate one individual to GEMC's Board subject to the completion of the agreement. The company expects to complete on the transaction in the coming weeks.

READ: Global Energy Metals says initial drill results from Werner Lake show high grade cobalt

"We are in full support of Hammer's nomination of Mr. Hewlett to our board of directors as part of this foundational transaction. Alex's wide international experience in the natural resource sector and expertise in the Mt. Isa region will greatly benefit our focus on growing the Millennium Cobalt project and the building of a new cobalt district in Queensland, Australia," said executive director Erin Campbell.

"As GEMC prepares for significant growth, now is the right time to complement the board with the vision, leadership and drive that Mitchell Smith has executed in building a premier cobalt focused company with strong assets in politically safe, pro-mining jurisdictions. We are equally as excited to add Mitchell to the board."

The company also announced the departure of Ray Castelli as one of its founding board members. 

Shares of Global Energy Metals were at C$0.09 on Monday. 

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Mon, 30 Jul 2018 11:24:00 -0400 https://www.proactiveinvestors.com/companies/news/201859/global-energy-metals-bolsters-board-with-new-appointees-201859.html
<![CDATA[News - Global Energy Metals says initial drill results from Werner Lake show high grade cobalt ]]> https://www.proactiveinvestors.com/companies/news/201167/global-energy-metals-says-initial-drill-results-from-werner-lake-show-high-grade-cobalt-201167.html Global Energy Metals Corp (CVE:GEMC) revealed high-grade cobalt had been found at the Werner Lake Cobalt project in Ontario, sending shares higher.

Its partner Marquee Resources has received assay results from the first two holes sunk during the summer work programme.

READ: Global Energy Metals excited as partner kicks off drilling at key Werner Lake cobalt project

Standout assays were  3.8m (meters) at 1.39% cobalt including 1.6m at 3.23% cobalt, from 36.7m in one hole.

"These early results from the first phase of the drill campaign are extremely exciting as they confirm the presence of a high-grade cobalt at Werner Lake, said Marque managing director Charles Thomas.

"As we continue to receive results from this drill campaign we are expanding our knowledge of this high-grade deposit, which remains open in all directions.

"Drilling has been progressing ahead of schedule and we look forward to receiving and reporting the assays from the rest of this phase 1 drilling campaign."

Data consistency

Notably, GEMC noted that the findings also showed the consistency of data from previous drill campaigns.

Marquee has now completed eight holes for 1,527m at the Werner Lake Project as part of the phase one drilling campaign.

The property is one of the key cobalt resources in Canada and its historical total mine production was reported at 143,386 pounds of cobalt grading around 2.2% cobalt and 0.75 % copper.

Canmine Resources completed several preliminary feasibility studies and economic modelling and was in the process of completing a definitive feasibility study when the group files for bankruptcy.

Additional work was completed in 2009-2010 by Puget Ventures and all this work formed the basis for the NI 43-101 resource report from Global Energy in September last year, relating to the historic underground workings at the old mine site, now referred to as the mine site deposit and the west cobalt deposit.

Highlights included a higher confidence indicated resource of 57,900 tonnes at 0.51% cobalt and an inferred resource of 6,300 tonnes at  0.48% cobalt at a 0.25% cut-off grade.

GEMC shares surged over 16% in Toronto to stand at C$0.10 each.

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Thu, 19 Jul 2018 10:53:00 -0400 https://www.proactiveinvestors.com/companies/news/201167/global-energy-metals-says-initial-drill-results-from-werner-lake-show-high-grade-cobalt-201167.html
<![CDATA[News - Global Energy Metals sees need for diversified supply of cobalt; acquires 100% of Millennium project ]]> https://www.proactiveinvestors.com/companies/news/199620/global-energy-metals-sees-need-for-diversified-supply-of-cobalt-acquires-100-of-millennium-project-199620.html Global Energy Metals Corp (CVE:GEMC) has been efficiently checking items off its to-do list, as it continues to build its position as a leading cobalt developer in Australia's Mt. Isa region.

The company announced today that it will acquire 100% of the Millennium cobalt property and the neighbouring Mt. Isa cobalt projects after it struck a deal with partner Hammer Metals. 

"Ultimately what this does is make us a leading cobalt developer in the region," chief executive officer Mitchell Smith told Proactive Investors. "This is a fantastic asset."

"Hammer is going to work with us to look at other properties in the region, given their technical and jurisdictional expertise."

READ: Global Energy Metals positions itself as leading cobalt explorer in Mt Isa region with acquisition

The metal at play here is cobalt: a silverish-gray metal, is an essential ingredient in lithium-ion batteries that power smartphones as well as plug-in electric vehicles.

And according to Smith, the demand for it will continue. 

"Cobalt is here to stay," says Smith adding that while there is some substitution going on, much of it is still a long ways out. "There's a need for diversified supply. The Millennium asset provides opportunities for future supply for downstream partners."

The Millennium asset provided some bright news for the company lately, as it completed phase one drilling with further high-grade cobalt finds.

The project in Queensland covers a sulphide-rich mineralized zone containing cobalt, copper and gold. 

Global supply of cobalt is shifting

Globally, much of the world’s cobalt production is produced by the Democratic Republic of Congo (DRC), accounting for more than half the world’s 123,000-ton production in 2016, according to Natural Resources Canada. China and Canada followed, each contributing roughly 6% of supply, followed by Russia and Australia.

But that figure is shifting, and smaller players have a clear opportunity to benefit, particularly in light of the challenging environment of the DRC, which comes with political risks and conflict. In addition to this, Chinese firms dominate the mining industry there.

Eyes are turning to Australia and Canada. For Global Energy Metals, that’s welcome news.

Specifics of the deal

In 2017, Global Energy Metals signed an agreement deal with Hammer Metals, which allowed it to acquire a 75% stake by spending C$2.5mln within three years. In March this year, it had spent at least C$500,000 and owned a 25% interest.

To acquire the balance of the Millennium property and the Mt. Isa projects, Global Energy Metals will pay Hammer shares equal to 19.9% of the issued share capital.

Next on the to-do list includes re-commencing exploration and expansion of the project, in order to get a current resource estimate as well as identify new opportunities. 

"The initial work program, that just concluded at Millennium, has only just begun to highlight the potential for the project to be part of a much larger regional cobalt play across the Mt. Isa region of Queensland Australia," said Smith. 

"We want to fast-track this as much as possible," he added. 

Continuing to build the team

Global Energy Metals has also bolstered its team in recent weeks, with the appointment of Giulio T. Bonifacio and Bassam Moubarak as strategic advisors.

In the case of Bonifacio, he was the founder, president and director of Nevada Copper since its inception in 2005 until February 2018 and has led and directed efforts at many stages of development including exploration, development, permitting and construction. Bonifacio has experience in operations, capital markets, project finance and mergers and acquisitions.

"Having someone as seasoned as Mr. Bonifacio with his international network of bankers, fund managers, analysts, and high net-worth stakeholders along with his extensive operational knowledge will be a great asset to Global Energy Metals," said Smith.

Moubarak, a Chartered Professional Accountant, has been active in the restructuring and refinancing of a number of junior resource companies over the past decade.

He has served as an officer and director of several mining and exploration companies. His most recent role was as Chief Financial Officer of Lithium X of which he was pivotal in the execution of its takeover by the Hong Kong acquisition vehicle NextView. He also served as CFO of Goldrock Mines Corp. where he played a key role in its sale to Fortuna Silver Mines Inc.

“Bassam brings knowledge and experience in resource development and financing that will be invaluable to Global Energy Metals and I believe will prove to be paramount to our success in the Company's cobalt focused growth strategy," said Smith. 

For now, its full speed ahead for Global Energy Metals, as it continues its path of developing a diversified global portfolio of cobalt assets in safe, mining-friendly jurisdictions.

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Tue, 26 Jun 2018 15:05:00 -0400 https://www.proactiveinvestors.com/companies/news/199620/global-energy-metals-sees-need-for-diversified-supply-of-cobalt-acquires-100-of-millennium-project-199620.html
<![CDATA[Media files - Global Energy Metals acquires 100% of Millennium cobalt property from Hammer Metals ]]> https://www.proactiveinvestors.com/companies/stocktube/9704/global-energy-metals-acquires-100-of-millennium-cobalt-property-from-hammer-metals-9704.html Tue, 26 Jun 2018 13:10:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/9704/global-energy-metals-acquires-100-of-millennium-cobalt-property-from-hammer-metals-9704.html <![CDATA[News - Global Energy Metals positions itself as leading cobalt explorer in Mt Isa region with acquisition ]]> https://www.proactiveinvestors.com/companies/news/199599/global-energy-metals-positions-itself-as-leading-cobalt-explorer-in-mt-isa-region-with-acquisition-199599.html Global Energy Metals Corp (CVE:GEMC) is to acquire 100% of the Millennium cobalt property and the neighbouring Mt. Isa cobalt projects after it struck a deal with partner Hammer Metals.

"This combination creates one of the largest and most exciting exploration cobalt packages in Australia," said Mitch Smith, the chief executive at GEMC.

His company is building a district-scale cobalt opportunity in Queensland Australia's Mt. Isa prolific mining jurisdiction.

In 2017, GEMC inked a deal with Hammer, which allowed it to acquire a 75% stake by spending C$2.5mln within three years.

As at March this year, it had spent at least C$500,000 and owned a 25% interest.

"Spurred by the recent drilling success and confidence in adding to the already significant cobalt tonnage at Millennium, we are pleased to announce this acquisition which furthers our long-term growth and value-building strategy," added Smith.

"With this acquisition, we continue to consolidate multi-million tonne cobalt assets and maximize cobalt leverage for our shareholders."

Smith said the company planned to recommence exploration and expansion of the project in a bid to gain a current resource estimate for the projects as well as identify new opportunities.

"The initial work program, that just concluded at Millennium, has only just begun to highlight the potential for the project to be part of a much larger regional cobalt play across the Mt. Isa region of Queensland Australia.

"Hammer is pleased to have the opportunity to be invested in such a dynamic and focused cobalt explorer and developer while retaining exposure to longer term value creation that the Millennium and Mt. Isa Projects will offer," said Alex Hewlett, managing director at Hammer Metals.

To acquire the balance of the Millennium property and the Mt. Isa projects, GEMC will pay Hammer shares equal to 19.9% of the issued share capital.

Shares dropped 4.55% to stand at C$0.10.

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Tue, 26 Jun 2018 09:07:00 -0400 https://www.proactiveinvestors.com/companies/news/199599/global-energy-metals-positions-itself-as-leading-cobalt-explorer-in-mt-isa-region-with-acquisition-199599.html
<![CDATA[News - Global Energy Metals completes phase one drilling at Millennium with more high grade finds ]]> https://www.proactiveinvestors.com/companies/news/199157/global-energy-metals-completes-phase-one-drilling-at-millennium-with-more-high-grade-finds-199157.html Global Energy Metals Corp (CVE:GEMC, OTCQB:GBLEF) has found further high grade cobalt at the Millennium project in Queensland, Australia, from the final four holes during the phase one campaign.

"We are very pleased to announce these positive cobalt results and the successful completion of phase one at Millennium," said Mitchell Smith, president and chief executive at GEMC.

"The multiple high-grade and wide intercepts validate the geological model and confirm significant upside potential to grow the resource base at Millennium.

READ THE BIG PICTURE HERE: Global Energy Metals has long-term Chinese partnerships and aggressive exploration programmes underway on its cobalt properties

"We are excited to continue the rapid exploration of the northern strike extension and expansion of the Millennium project, and demonstrate the strong opportunity that Millennium represents for exposure to cobalt."

The project covers a sulphide-rich mineralized zone containing cobalt, copper and gold.

Cobalt and copper have been encountered along the entire targeted 1,500m strike length, while the zones remain open in all directions and that will be the focus of the firm's next drill program.

GEMC noted that encouragingly one of the best cobalt intersections from the project to date was from the upper part of the Millennium North mineralized zone, where first phase drilling took place.

Highlight assays included one hole, which hit 41 metres (from 14 m) at a grade of 0.20% cobalt equivalent (0.18% cobalt, 0.22% copper, 0.11 gram per tonne (g/t) gold and 0.34 g/t (grams per ton) silver.

That included a 13m (from 14 m) interval grading 0.28% CoEq (cobalt equivalent).

WATCH: Global Energy Metals hits cobalt in all drill holes, showing consistency throughout resource

Millennium is an advanced staged cobalt project with a large defined zone of cobalt-copper mineralisation, which remains open at depth and along strike.

Hammer Metals completed a 'historic resource' JORC compliant in late 2016, which showed 3.1mln tonnes of inferred resources at 0.14% cobalt, 0.34% copper and 0.12 g/t gold (using a CuEq cut-off of 1.0%).

According to research house Roskill, the cobalt market is expected to expand by 14.5% every year for the next ten year, hitting 210,000 tonnes by the end of 2027, not least as it is used in the lithium-ion batteries that power electric vehicles.

But the commodity has uses other than propelling fleets of next-generation sports cars, hatch-backs and saloons.

It is a component of alloys used for aircraft engine parts, while the chemical industry is a big consumer too.

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Tue, 19 Jun 2018 11:35:00 -0400 https://www.proactiveinvestors.com/companies/news/199157/global-energy-metals-completes-phase-one-drilling-at-millennium-with-more-high-grade-finds-199157.html
<![CDATA[News - Global Energy Metals bolsters team with strategic advisor appointment ]]> https://www.proactiveinvestors.com/companies/news/199072/global-energy-metals-bolsters-team-with-strategic-advisor-appointment-199072.html Global Energy Metals Corp (CVE:GEMC) announced today that it continues to build its team with the appointment of Giulio T. Bonifacio as strategic advisor. 

"We are very pleased to welcome Giulio to the team and advisory board at this exciting time for the company. Having someone as seasoned as Mr. Bonifacio with his international network of bankers, fund managers, analysts, and high net-worth stakeholders along with his extensive operational knowledge will be a great asset to Global Energy Metals," said president and chief executive officer Mitchell Smith.

"We look forward to benefiting from his leadership and experience as we continue to develop and grow our cobalt operations in Australia and Canada.”

READ: Global Energy Metals has long-term Chinese partnerships and aggressive exploration programmes underway on its cobalt properties

Bonifacio was the founder, president and director of Nevada Copper since its inception in 2005 until February 2018 and has led and directed efforts at many stages of development including exploration, development, permitting and construction. Bonifacio, a chartered professional accountant, has held previous executive roles with Getty Resources Limited, TOTAL Energold Corp. and Vengold Inc, according to the company.  Bonifacio was recently appointed as president and chief executive officer of CopperBank Resources Corp.

“For more than 30 years I have assisted public and private companies in advancing their business objectives through smart, practical decision-making. Owing in part to a team whose combined experiences are unmatched among companies in the cobalt market, Global Energy has already demonstrated excellent fundamentals and has a strong opportunity to further build value during the battery metals era we have just entered," said Bonifacio.

"I am excited to join Global Energy and look forward to my involvement in an emerging leader in the cobalt exploration and development space."

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Mon, 18 Jun 2018 12:05:00 -0400 https://www.proactiveinvestors.com/companies/news/199072/global-energy-metals-bolsters-team-with-strategic-advisor-appointment-199072.html
<![CDATA[Media files - Global Energy Metals hits cobalt in all drill holes, showing consistency throughout resource ]]> https://www.proactiveinvestors.com/companies/stocktube/9470/global-energy-metals-hits-cobalt-in-all-drill-holes-showing-consistency-throughout-resource-9470.html Wed, 06 Jun 2018 10:54:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/9470/global-energy-metals-hits-cobalt-in-all-drill-holes-showing-consistency-throughout-resource-9470.html <![CDATA[News - Global Energy Metals' latest drill results from Millennium beat expectations ]]> https://www.proactiveinvestors.com/companies/news/198041/global-energy-metals-latest-drill-results-from-millennium-beat-expectations-198041.html Global Energy Metals Corp (CVE:GEMC, OTCQB:GBLEF) says assays from three latest drill holes at the Millennium cobalt project in Australia exceeded expectations, and showed potential for higher grade zones.

The current drill campaign comprises 10 diamond holes, of which six have been reported to date.

They all show wide and high grade co-product cobalt.

Highlight intersections include 1.1 metres at 0.73% cobalt equivalent (CoEq) consisting of 0.619% cobalt, 1.1% copper and 0.05 gram per tonne (g/t) gold from 4.5-metre depth.

Other assays showed 3.4 metres at 0.22% CoEq (cobalt equivalent) consisting of 0.186% Cobalt, 0.329% copper and 0.05 g/t gold at 7.0 m depth.

"Exceeding our expectations, these latest drill holes were designed to provide greater confidence in the cobalt mineralization at Millennium," said Mitchell Smith, GEMC's president and chief executive.

"In this case, grades in the new drill holes indicate higher cobalt grades, potentially supporting the concept of higher-grade zones of both cobalt and copper mineralisation within wide zones of mineralization.

"Our next focus will be to carry out exploration drilling on several highly prospective and underexplored areas of the Millennium property.

"I am very excited to see how these future drill results will support our confidence in the continued cobalt mineralisation along strike at Millennium."

Drilling was designed to test the updip continuity at the Millennium North deposit and results correlate well with the previous deeper drilling, the company said.

Diamond drilling has recently been completed and crews are continuing work to log and sample the final four drill holes and assays are expected in June, it added.

Metallurgical studies in the form of sighter flotation testwork of the sulphide mineralization is also planned to begin soon,  GEMC said.

Millennium is an advanced staged cobalt project with a large defined zone of cobalt-copper mineralisation which remains open at depth and along strike.

Hammer Metals completed a 'historic resource' JORC compliant in late 2016, which showed 3.1mln tonnes of inferred resources at 0.14% Cobalt, 0.34% copper and 0.12 g/t gold (using a CuEq cut-off of 1.0%).

 Shares in Toronto slipped 5.26% to C$0.09.

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Thu, 31 May 2018 12:10:00 -0400 https://www.proactiveinvestors.com/companies/news/198041/global-energy-metals-latest-drill-results-from-millennium-beat-expectations-198041.html
<![CDATA[News - Global Energy Metals to bang the drum at upcoming cobalt conferences ]]> https://www.proactiveinvestors.com/companies/news/196856/global-energy-metals-to-bang-the-drum-at-upcoming-cobalt-conferences-196856.html Global Energy Metals Corp (CVE:GEMC, OTCQB:GBLEF) will be attending a number of upcoming resource and cobalt specific conferences.

The company will be exhibiting at the Cambridge House International Mining Investment Conference being held in Vancouver May 15-16, 2018.

READ: Global Energy Metals hits wide cobalt mineralisation in three holes in first phase drilling at Millennium project​

Representatives will be available at booth 311, highlighting the investment opportunity Global Energy Metals presents for exposure to cobalt. With demand across most major end-use applications set to increase, and with demand from the battery sector expected to enjoy double-digit growth over the coming decade, the market is gearing itself up for a sustained period of unprecedented cobalt consumption growth, the company said.

A tight market set against the anticipated demand for cobalt in lithium-ion batteries has helped prices reach ten-year highs with high-grade cobalt prices as high as US$44.5/lb in late April 2018.

The president & chief executive officer, Mitchell Smith, will be highlighting recent achievements having successfully hit wide cobalt mineralisation in every hole at its Millennium Cobalt project and will outline upcoming catalysts as part of the company's corporate growth strategy at 1:20pm in Workshop 3 on May 15.

The company's management will be attending one-on-one meetings during the conference and interested parties are invited to contact the company to arrange a meeting.

 

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Fri, 11 May 2018 12:51:00 -0400 https://www.proactiveinvestors.com/companies/news/196856/global-energy-metals-to-bang-the-drum-at-upcoming-cobalt-conferences-196856.html
<![CDATA[News - Global Energy Metals secures DTC eligibility, making its stock easier to trade in the US ]]> https://www.proactiveinvestors.com/companies/news/195770/global-energy-metals-secures-dtc-eligibility-making-its-stock-easier-to-trade-in-the-us-195770.html Global Energy Metals Corporation (CVE:GEMC, OTCQB:GBLEF) has secured DTC eligibility by The Depository Trust Company for its shares traded on the OTCQB venture market.

The eligibility came into effect at midnight, last night.

READ: Global Energy Metals lists shares on OTCQB venture market for more exposure in US

Being DTC eligible is expected to greatly simplify the process of trading and exchange the company's common stock on the OTC marketplace in the United States.

"We are pleased to have obtained DTC eligibility," said Mitchell Smith, the president and chief executive officer of Global Energy

"DTC eligibility simplifies the process of trading and transferring Global Energy Metals' shares between brokerages in the United States and reduces the costs incurred in trading shares. With our shares now DTC eligible, we expect this to lead to significantly enhancing liquidity and execution speeds, as well as extending investor awareness of our company to an even broader range of investors throughout the United States," Smith added.

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Wed, 25 Apr 2018 09:22:00 -0400 https://www.proactiveinvestors.com/companies/news/195770/global-energy-metals-secures-dtc-eligibility-making-its-stock-easier-to-trade-in-the-us-195770.html
<![CDATA[News - Global Energy Metals eyeing first drilling at Werner Lake in May; Mink Creek Drilling hired ]]> https://www.proactiveinvestors.com/companies/news/195592/global-energy-metals-eyeing-first-drilling-at-werner-lake-in-may-mink-creek-drilling-hired-195592.html Drilling at Global Energy Metals Corp's (CVE:GEMC) Werner Lake cobalt project in Ontario will kick off in late May or early June subject to weather.

Partner Marquee Resources has struck a deal with Manitoba-based contractor Mink Creek Drilling as part of its (Marquee's) C$2.5mln obligation to earn a 70% interest in the project.

This is the last major agreement required before Marquee embarks on its maiden exploration.

The first phase of drilling will be a 3,500-meter (m) drilling program.

The priority is to identify and delineate additional high-grade cobalt mineralization.

The property is one of the key cobalt resources in Canada and it has seen some history.

Canmine Resources completed several preliminary feasibility studies and economic modelling and was in the process of completing a definitive feasibility study when they filed for bankruptcy.

Additional work was completed in 2009-2010 by Puget Ventures and all this work formed the basis for the NI 43-101 resource report from Global Energy in September last year

That resource relates to the historic underground workings at the old mine site, now referred to as the mine site deposit and the west cobalt deposit.

Highlights included a higher confidence indicated resource of 57,900 tonnes at 0.51% cobalt and an inferred resource of 6,300 tonnes at  0.48% cobalt  at a 0.25% cut-off grade.

The mineralised zones remain open in all directions.

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Mon, 23 Apr 2018 13:11:00 -0400 https://www.proactiveinvestors.com/companies/news/195592/global-energy-metals-eyeing-first-drilling-at-werner-lake-in-may-mink-creek-drilling-hired-195592.html
<![CDATA[News - Global Energy Metals keenly awaiting first assays from Millennium, which could expand resource ]]> https://www.proactiveinvestors.com/companies/news/195269/global-energy-metals-keenly-awaiting-first-assays-from-millennium-which-could-expand-resource-195269.html Global Energy Metals Corp (CVE:GEMC) is keenly awaiting drill assays from the first three holes of a ten-hole programme at the Millennium cobalt project in Australia, it said on Wednesday.

The resource firm expects results from ongoing and planned drilling will further define and upgrade known mineralisation ahead of a new resource estimate at the site.

WATCH: Global Energy Metals applauds strategic hire for Werner Lake Project

Hammer Metals completed a 'historic resource' JORC compliant in late 2016, which showed 3.1 million tonnes of inferred resources at 0.14% Cobalt, 0.34% copper and 0.12 g/t (grams per ton) gold (using a CuEq cut-off of 1.0%).

"This programme represents a game changing opportunity for the expansion of the Millennium project as GEMC positions itself as a leading cobalt explorer and developer in the famed Mt. Isa mining district in Australia," said Mitchell Smith, president and chief executive at GEMC.

"We look forward to receiving and reporting the first batch of assays and progressing the exploration campaign to test and deliver more insight on the potential of the new zone identified to the north of the existing deposit."

So far, five diamond holes have been completed, along with 77 metres of RC (reverse circulation) drilling in a water bore that hit the mineralised zone.

The holes are part of the exploration program, following previous intercepts in the northern part of the mineralised zone previously, where gaps within the historical resource estimate were outlined.

Very wide and significant cobalt and copper grades intersected at depths from drilling completed in December suggest continuity to a potential cobalt-enriched zone that could expand the existing resource area.

GEMC has earned its initial 25% interest in Millennium and intends to continue exploration to gain a 65% interest in the project.

The exploration program is being managed by its Australian based partner Hammer Metals Ltd (ASX:HMX), which is also partnered with and operate projects for Glencore (LON:GLEN) and Newmont in the Mt. Isa region of Queensland, Australia.

Shares in Toronto added 4.35% to C$ 0.12.

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Wed, 18 Apr 2018 08:44:00 -0400 https://www.proactiveinvestors.com/companies/news/195269/global-energy-metals-keenly-awaiting-first-assays-from-millennium-which-could-expand-resource-195269.html
<![CDATA[Media files - Global Energy Metals applauds strategic hire for Werner Lake Project ]]> https://www.proactiveinvestors.com/companies/stocktube/9061/global-energy-metals-applauds-strategic-hire-for-werner-lake-project-9061.html Thu, 12 Apr 2018 15:41:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/9061/global-energy-metals-applauds-strategic-hire-for-werner-lake-project-9061.html <![CDATA[News - Global Energy Metals' Ontario cobalt project gets boost with Hughes appointment ]]> https://www.proactiveinvestors.com/companies/news/194783/global-energy-metals-ontario-cobalt-project-gets-boost-with-hughes-appointment-194783.html Global Energy Metals Corp (CVE:GEMC) said its partner at the Werner Lake cobalt project in Canada has hired experienced geologist Toby Hughes as it kicks off an aggressive exploration programme to update the current resource estimate.

Marquee Resources can earn up to a 70% interest in the project in Ontario by spending C$2.5mln.

READ - Global Energy Metals reaches "significant milestone" as Werner Lake cobalt project deal conditions are met

Hughes, who has 35 years' global experience, will lead the exploration programme at the property, which abuts First Cobalt's Western Ontario cobalt assets and played host to an operating mine in the 1940s as a high-grade source of cobalt.

He has extensive cobalt experience including several years as project manager at the Werner Lake project.

Hughes has worked for Agnico-Eagle Mines Ltd (NYSE:AEM), has  focused on regional targets and evaluations in the cobalt region of Ontario, as well as experience with IOCG Au-Cu-Ni-Co targets for Phelps Dodge in the Northwest Territories

"We are pleased to welcome Mr. Hughes to the Marquee team. Mr Hughes has previously been heavily involved in the Werner Lake project, so for Marquee to attract someone of the caliber of Toby to the team with local on ground knowledge of the project is a significant coup," said Marquee managing director Charles Thomas.

"We're excited as we tick another box with Toby's appointment and now move closer to embarking on the aggressive exploration programme at Werner Lake."

WATCH - Global Energy Metals to buy district-scale cobalt projects in a "strategic" investment

Mitchell Smith, president of Global Energy, added: "We look forward to seeing great progress made by Toby and the entire Marquee team."

Werner Lake is one of the key cobalt resources in Canada and it has seen some history.

Canmine Resources completed several preliminary feasibility studies and economic modelling and was in the process of completing a definitive feasibility study when they filed for bankruptcy.

Additional work was completed in 2009-2010 by Puget Ventures and all this work formed the basis for the NI 43-101 resource report from Global Energy in September last year

That resource relates to the historic underground workings at the old mine site, now referred to as the mine site deposit and the west cobalt deposit.

Highlights included a higher confidence indicated resource of 57,900 tonnes at 0.51% cobalt and an inferred resource of 6,300 tonnes at  0.48% cobalt  at a 0.25% cut-off grade.

A work programme including diamond drilling to further upgrade resource categories and extend the mineralised envelope, as well as additional metallurgical work and underground chip sampling has been recommended.

The mineralised zones remain open in all directions.

GEMC shares were unchanged at C$0.12.

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Wed, 11 Apr 2018 13:59:00 -0400 https://www.proactiveinvestors.com/companies/news/194783/global-energy-metals-ontario-cobalt-project-gets-boost-with-hughes-appointment-194783.html
<![CDATA[News - Global Energy Metals talking cobalt in conference in Hong Kong ]]> https://www.proactiveinvestors.com/companies/news/193810/global-energy-metals-talking-cobalt-in-conference-in-hong-kong-193810.html Global Energy Metals Corp (CVE:GEMC) is appearing at the Mines and Money Asia conference  between April 3 and 6 in Hong Kong,  and talking cobalt.

President and chief executive Mitchell Smith along with Dr Wei Qian,  the managing director of the firm's strategic Chinese relations advising partner New Tigers will be available at the 'Got Cobalt?' booth.

The aim is to give attendees an understanding of investing in the cobalt space and how Global Energy Metals is positioning itself as a market leader.

GEMC says it provides investors with pure-play cobalt investment exposure through its portfolio of cobalt project located in Canada and Australia.

The company recently announced it was expanding its cobalt footprint in Mt Isa Australia with the addition of projects, which create a district-scale cobalt exploration and development opportunity.

This transaction positions Global Energy Metals as a leading cobalt explorer and developer in the famed Mt. Isa mining district.

See more about the event here..

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Mon, 26 Mar 2018 11:30:00 -0400 https://www.proactiveinvestors.com/companies/news/193810/global-energy-metals-talking-cobalt-in-conference-in-hong-kong-193810.html
<![CDATA[News - Global Energy Metals to press on with next phase to earn 65% at Millennium cobalt project ]]> https://www.proactiveinvestors.com/companies/news/193635/global-energy-metals-to-press-on-with-next-phase-to-earn-65-at-millennium-cobalt-project-193635.html Global Energy Metals Corp (CVE:GEMC) continues to advance at the Millennium cobalt project in Australia, signalling to partner Hammer Metals that it wants to move on to earn a 65% interest in the property.

Late last year, the firm inked a deal with Hammer, which allows it to acquire a 75% stake by completing work and spending C$2.5mln within three years.

WATCH: Global Energy Metals to buy district-scale cobalt projects in a "strategic" investment

It already has spent at least C$500,000 to own a 25% interest.

"This is yet another major milestone for Global Energy Metals in advancing the Millennium Cobalt Project in Queensland Australia and laying the foundation for the company as a leading cobalt explorer and developer in our newly established Mt. Isa Cobalt Camp," said Mitchell Smith, GEMC president and chief executive.

"The excellent results returned thus far have further encouraged us on the potential for Millennium and adjacent Mt. Isa Projects as future contributors of non-conflict sourced cobalt desperately sought after by the downstream market including our strategic partners in Asia."

READ: Global Energy Metals eyeing district-scale cobalt development opportunity with Mt. Isa Cobalt projects deal

Last week, Global Energy revealed it had 'significantly' increased its cobalt footprint in Australia, as it unveiled a deal to buy the district scale Mt.Isa cobalt projects.

It means a near 20-fold increase in the firm's Australian land position from 135 hectares at Millennium to 2,560 hectares.

Millennium is at an advanced stage and has a large defined zone of cobalt-copper mineralisation which remains open at depth and along strike.

Hammer Metals completed a 'historic resource' JORC compliant in late 2016, which showed 3.1 million tonnes of inferred resources at 0.14% Cobalt, 0.34% copper and 0.12 g/t gold (using a CuEq cut-off of 1.0%).

During the first phase exploration, GEMC funded a ten-diamond drill hole campaign for an estimated 1,300 meters of drilling within the existing JORC (2012) resource area.

The work hit very wide and significant cobalt and copper grades, potentially expanding the resource area.

GEMC reckons the results from ongoing drilling will further define and upgrade known mineralisation ahead of a new resource estimate that will be reported as a cobalt equivalent (CoEq).

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Thu, 22 Mar 2018 09:16:00 -0400 https://www.proactiveinvestors.com/companies/news/193635/global-energy-metals-to-press-on-with-next-phase-to-earn-65-at-millennium-cobalt-project-193635.html
<![CDATA[Media files - Global Energy Metals to buy district-scale cobalt projects in a "strategic" investment ]]> https://www.proactiveinvestors.com/companies/stocktube/8922/global-energy-metals-to-buy-district-scale-cobalt-projects-in-a-strategic-investment-8922.html Wed, 21 Mar 2018 20:54:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/8922/global-energy-metals-to-buy-district-scale-cobalt-projects-in-a-strategic-investment-8922.html <![CDATA[News - Global Energy Metals eyeing district-scale cobalt development opportunity with Mt. Isa Cobalt projects deal ]]> https://www.proactiveinvestors.com/companies/news/193167/global-energy-metals-eyeing-district-scale-cobalt-development-opportunity-with-mt-isa-cobalt-projects-deal-193167.html Global Energy Metals Corp (CVE:GEMC) revealed it has significantly increased its cobalt footprint in Australia as it unveiled a deal to buy the district scale Mt.Isa cobalt projects.

Notably, it delivers a transformational near 20-fold increase in the firm's Australian land position from 135 hectares at Millennium to 2,560 hectares.

READ: Global Energy Metals reaches "significant milestone" as Werner Lake cobalt project deal conditions are met

GEMC has struck a letter of intent (LOI) with Hammer Metals Ltd (Hammer) setting the terms for the strategic acquisition of the Mount Dorothy cobalt project and the Cobalt Ridge project, collectively known as the Mt Isa projects.

"In addition to advancing the Millennium cobalt project, the acquisition of these district-scale cobalt properties to our cobalt portfolio represents an opportunistic and strategic investment ..."said Mitchell Smith, president and chief executive at GEMC.

"Our alliance with Hammer provides greater depth to our exploration efforts in the region and allows for the defining of a new district-scale cobalt camp.

"The need to source non-conflict future supply of cobalt as feed to the growing demand being fuelled by the surge in production of electric vehicles and battery based consumer electronics has become very apparent.

"This building of a cobalt camp in Australia is a step closer to supply diversification that will further unlock and enhance value for our shareholders and strategic downstream partners."

When the transaction is complete, the firm intends to immediately begin exploration to define drilling targets and define a resource.

Notably, there is also "significant upside exploration potential", said the firm, with cobalt-copper mineralisation previously identified but not exploited, with cobalt being the main target.

WATCH: Global Energy Metals looking to significantly grow resource at Millennium property

After due diligence, should GEMC elect to enter into a definitive agreement with Hammer, it would have the exclusive right to acquire a 100% interest.

There are various terms, including when striking a definite deal, it would pay Hammer C$80,000 and issue the equivalent of C$300,000 of common shares.

It would pay a minimum of C$1mln for exploration within the first two years.

Upon completing a NI 43-101 resource report on either of the two projects, GEMC will issue to Hammer the equivalent of C$250,000 in GEMC shares.

Given their expertise in the region, Hammer will manage the programmes and will be granted a services agreement for a period of time no less than 12 months for local engineering, geological services, permitting and environmental services.

Exploration programmes and budget plans to be applied on the Mt. Isa Cobalt projects, however, will be under the guidance of GEMC.

Historical drilling at Mount Dorothy showed 7 metres at 0.14% Cobalt and 2.55% copper, while rock chip sampling at Cobalt Ridge threw up 0.31% Cobalt, 3.63% copper and 1.25g/t (grams per ton) gold.

Shares in GEMC surged 10% to C$0.165 before dropping back to C$0.16. 

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Wed, 14 Mar 2018 09:21:00 -0400 https://www.proactiveinvestors.com/companies/news/193167/global-energy-metals-eyeing-district-scale-cobalt-development-opportunity-with-mt-isa-cobalt-projects-deal-193167.html
<![CDATA[News - Global Energy Metals reaches "significant milestone" as Werner Lake cobalt project deal conditions are met ]]> https://www.proactiveinvestors.com/companies/news/192367/global-energy-metals-reaches-significant-milestone-as-werner-lake-cobalt-project-deal-conditions-are-met-192367.html Global Energy Metals Corp's (CVE:GEMC) cobalt aims have been given a shot in the arm. The company revealed all conditions precedent have been met in the previously announced Werner Lake project deal.

As reported last November, GEMC struck an option deal, which saw Australian firm Canadian Co27 Pty fully acquired by Marquee Resources and then have the rights to earn either a 30% or a 70% interest in the Werner Lake Cobalt project in Ontario.

WATCH: Global Energy Metals looking to significantly grow resource at Millennium property

As consideration for Marquee's option to earn either a 30% or a 70% interest in  Werner Lake, GEMC has received a cash payment of A$200,000 and been granted publicly traded shares of Marquee having a total value of A$100,000.

"We are pleased to have Marquee's support as a significant partner that will aggressively advance the past producing Werner Lake Cobalt project in Ontario," said Mitchell Smith, GEMC president and  chief executive.

"We view this transaction as a significant milestone that provides additional investment exposure and accelerates our ability to create value moving forward as we continue to advance our cobalt project portfolio."

"Marquee's focus will now shift to an aggressive exploration and further resource delineation program at the Werner Lake project," added Charles Thomas, the managing director of Marquee.

READ: Global Energy Metals featuring at this year's PDAC conference

"We believe there is every opportunity to significantly increase the resource to historically reported values and will initiate a work campaign to do just that in the very near future."

In order to maintain, enforce, and exercise the option, Marquee must  spend A$1mln to earn a 30% interest in the property within year one and a further A$1.5mln to earn a 70% interest on or before year two.

Upon obtaining an encouraging pre-feasibility study, Marquee will pay GEMC A$150,000, the firm added.

Werner Lake is one of the key cobalt resources in Canada and it has seen some history.

Canmine Resources completed several preliminary feasibility studies and economic modelling and was in the process of completing a definitive feasibility study when they filed for bankruptcy.

Additional work was completed in 2009-2010 by Puget Ventures and all this work formed the basis for the NI 43-101 resource report from Global Energy in September last year

That resource relates to the historic underground workings at the old mine site, now referred to as the mine site deposit and the west cobalt deposit.

Highlights included a higher confidence indicated resource of 57,900 tonnes at 0.51% cobalt and an inferred resource of 6,300 tonnes at  0.48% cobalt  at a 0.25% cut-off grade.

A work program including diamond drilling to further upgrade resource categories and extend the mineralised envelope, as well as additional metallurgical work and underground chip sampling has been recommended.

The mineralised zones remain open in all directions.

Shares shed 2.5% to C$0.20 each.

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Wed, 28 Feb 2018 10:11:00 -0500 https://www.proactiveinvestors.com/companies/news/192367/global-energy-metals-reaches-significant-milestone-as-werner-lake-cobalt-project-deal-conditions-are-met-192367.html
<![CDATA[Media files - Global Energy Metals looking to significantly grow resource at Millennium property ]]> https://www.proactiveinvestors.com/companies/stocktube/8810/global-energy-metals-looking-to-significantly-grow-resource-at-millennium-property-8810.html Tue, 27 Feb 2018 13:56:00 -0500 https://www.proactiveinvestors.com/companies/stocktube/8810/global-energy-metals-looking-to-significantly-grow-resource-at-millennium-property-8810.html <![CDATA[News - Global Energy Metals featuring at this year's PDAC conference ]]> https://www.proactiveinvestors.com/companies/news/192197/global-energy-metals-featuring-at-this-year-s-pdac-conference-192197.html Global Energy Metals Corp (CVE:GEMC, OTCQB:GBLEF) said it would be showcasing its pure-play cobalt investment opportunity at the PDAC International Convention in Ontario from March 4 to 7 this year.

The firm has announced a series of strategic initiatives, including strengthening the cobalt resource at its Millennium cobalt project in Mt. Isa, Queensland, Australia.

WATCH: Global Energy Metals looking to significantly grow resource at Millennium property

It is also advancing the Werner Lake Cobalt project in northwestern Ontario through a partner funded work programme and strengthening its cobalt project portfolio.

Company representatives, including president and chief executive Mitchell Smith will be available at the Investors Exchange on March 6 and 7 during session two of the conference, the firm said.

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Mon, 26 Feb 2018 09:31:00 -0500 https://www.proactiveinvestors.com/companies/news/192197/global-energy-metals-featuring-at-this-year-s-pdac-conference-192197.html
<![CDATA[News - Global Energy Metals shares higher as Hammer Metals resumes drilling at Millennium ]]> https://www.proactiveinvestors.com/companies/news/192010/global-energy-metals-shares-higher-as-hammer-metals-resumes-drilling-at-millennium-192010.html Shares in Global Energy Metals Corp (CVE:GEMC) advanced as it confirmed partner Hammer Metals had resumed drilling at the Millennium cobalt project in Queensland, Australia.

GEMC can earn a 75% stake in Millennium by spending $2.5mln on exploration over the next three years

Paul Sarjeant, vice-president of projects at GEMC, has been on site for the resumption of drilling this week

The focus is on infill drilling of existing mineralised zones and exploring potentially new discoveries in the immediate area of Millennium.

"We are excited to be back drilling under blue skies at the Millennium cobalt project and look forward to sharing the findings as we continue to grow the resource area and understanding. We expect to extend this campaign, subject to results," said Sarjeant.

Drilling completed in December intersected very wide and significant cobalt and copper grades, potentially expanding the existing JORC resource area.

Hammer Metals completed a JORC 2012 resource estimate in late 2016 and reported 3.1mln tonnes of inferred resources grading 0.14% cobalt, 0.34% copper and 0.12 gram per tonne (g/t) gold (using a copper equivalent cut-off of 1%).

Under Canadian reporting standards this resource is considered a "historic estimate."

Shares added 7.69% in Toronto to C$0.21.

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Wed, 21 Feb 2018 14:28:00 -0500 https://www.proactiveinvestors.com/companies/news/192010/global-energy-metals-shares-higher-as-hammer-metals-resumes-drilling-at-millennium-192010.html
<![CDATA[News - Global Energy Metals lists shares on OTCQB venture market for more exposure in US ]]> https://www.proactiveinvestors.com/companies/news/191934/global-energy-metals-lists-shares-on-otcqb-venture-market-for-more-exposure-in-us-191934.html Global Energy Metals Corp (CVE:GEMC, OTCQB:GBLEF) shares have been listed on the  OTCQB venture market under the symbol GBLEF.

The OTCQB is a US trading platform operated by the OTC Markets Group in New York.

"Global Energy Metals' expansion into the US securities markets is part of our long-term strategy that brings our company substantially added access to institutional and retail investors," said Mitchell Smith, president and chief executive at Global Energy.

"We are confident that our listing on this transparent trading platform can significantly enhance liquidity for our shareholders and extend investor awareness of our company throughout the US"

Global Energy Metals is advancing its Millennium cobalt project in the Mt. Isa district of Queensland, Australia.

It also owns the high-grade Werner Lake cobalt project in Ontario, Canada, and has entered into a joint venture with Marquee Resources of Australia to advance that historic project.

The company's shares will continue to trade on the TSX venture exchange under the symbol GEMC as well as the Frankfurt exchange under the symbol 5GE1.

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Tue, 20 Feb 2018 13:42:00 -0500 https://www.proactiveinvestors.com/companies/news/191934/global-energy-metals-lists-shares-on-otcqb-venture-market-for-more-exposure-in-us-191934.html
<![CDATA[News - Global Energy Metals executives on the road in Australia to reach out to investors ]]> https://www.proactiveinvestors.com/companies/news/191168/global-energy-metals-executives-on-the-road-in-australia-to-reach-out-to-investors-191168.html Global Energy Metals Corp (CVE:GEMC) said its senior management are travelling to Perth and Sydney in Australia to foster further awareness of the resource firm's business.

Chief executive Mitchell Smith and vice-president of projects and director Paul Sarjeant will meet with existing and potential joint venture partners and introduce investors to its pure play cobalt exposure opportunity, it said.

"With the growing demand for cobalt and battery metals and our partnerships with Marquee and Hammer based in Australia, it is a natural fit for GEMC to reach out to investors in Australia who understand this growth trend and are looking to capitalize on the booming cobalt market," said Mitchell Smith, president and chief executive of GEMC.

"GEMC provides investors much needed exposure to a pure-play cobalt investment opportunity.

"We look forward to further developing our existing relationship with our JV partners and hope to strengthen our cobalt portfolio through new partnerships built from meetings during our time here."

The firm aims to spread its message about the rapidly advancing  Millennium cobalt project in Mt. Isa, Australia, alongside its partner Hammer Metals.

It also aims to reinforce the importance of its strategic alliance with Marquee Resources in advancing the Werner Lake cobalt project in Canada.

Werner Lake operated in the 1940s as a high-grade source of cobalt, but since that time, it was taken back to mine decision by Canmine Resources.

Canmine completed a significant amount of work on the project,  including helicopter-borne geophysics, around 22,860  metres (m) of diamond drilling over numerous campaigns, several resource calculations and around 58 m of underground ramping, drifting and raising into the West Cobalt deposit.

Canmine also completed several preliminary feasibility studies and economic modelling and were in the process of completing a definitive feasibility study when they filed for bankruptcy.

Meanwhile, Millennium is an advanced staged cobalt project with a large defined zone of cobalt-copper mineralisation which remains open at depth and along strike.

Hammer completed a JORC compliant resource estimate in late 2016, which showed 3.1mln tonnes of inferred resources at a grade of 0.14% cobalt, 0.34% copper and 0.12 g/t (grams per ton) gold, using a CuEq (copper equivalent) cut-off of 1.0%.

Following the investor roadshow, Sarjeant will be joining the Hammer team on site at Millennium to oversee the drill program announced on February 1 this year.

Previous drilling indicated that the resource remains open and is a prospective target for potential resource expansion.

The company had excellent results from the first three holes, and has since remobilized crews and equipment to resume the first phase drill and exploration program.

The firm aims to complete ten diamond drill holes for an estimated 1,300 meters of drilling within the existing JORC resource area.

GEMC shares are unchanged at C$0.195 each.

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Mon, 05 Feb 2018 11:04:00 -0500 https://www.proactiveinvestors.com/companies/news/191168/global-energy-metals-executives-on-the-road-in-australia-to-reach-out-to-investors-191168.html
<![CDATA[News - Global Energy Metals Corp shares surge as Hammer Metals resumes drilling at Millennium project ]]> https://www.proactiveinvestors.com/companies/news/191023/global-energy-metals-corp-shares-surge-as-hammer-metals-resumes-drilling-at-millennium-project-191023.html Global Energy Metals Corp (CVE:GEMC) is excited as its partner Hammer Metals is about to resume first phase drilling and exploration at the Millennium cobalt project in Queensland, Australia.

The current drill programme there is part of an option deal that mean Hammer has a series of commitments for GEMC to earn a 75% interest in the project.

Earlier this month, the firm released results on three reverse circulation (RC) drill holes at Millennium.

First assay results from the project, in Mount Isa, Australia, intersected very wide and significant cobalt and copper grades potentially expanding the existing JORC (Joint Ore Reserves Committee) resource area, the company said.

"We are very pleased with Hammer’s work and the continued high-grade results achieved from the current infill drill programme on Millennium," said GEMC’s vice president of projects Paul Sarjeant.

"Assays continue to support the grades and widths encountered in previous drilling, further demonstrating the consistency and continuity of the high-grade cobalt mineralisation contained within the resource.

"We are excited and look forward to Hammer completing the remaining 1300 meters of the program."

GEMC plans to complete ten diamond holes for an estimated 1,300 meters of drilling within the existing JORC area.

It expects this will further define and upgrade known mineralisation ahead of  new resource estimate.

The programme will follow previous drill intercepts in the northern portion of the mineralised zone completed by Hammer Metals and previous operators.

To date the project area has been tested by only 63 holes for 7,891 metres. 

Most holes have been drilled within 200 metres of surface, with few holes reaching to depths greater than 250 metres below surface. 

At present mineralisation remains open at depth along the strike extent of the JORC resource area.

GEMC shares are up almost 11% in Toronto at C$0.20.

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Thu, 01 Feb 2018 10:45:00 -0500 https://www.proactiveinvestors.com/companies/news/191023/global-energy-metals-corp-shares-surge-as-hammer-metals-resumes-drilling-at-millennium-project-191023.html
<![CDATA[Media files - Global Energy Metals gets "extremely favorable" results from Millennium Cobalt Project ]]> https://www.proactiveinvestors.com/companies/stocktube/8668/global-energy-metals-gets-extremely-favorable-results-from-millennium-cobalt-project-8668.html Fri, 26 Jan 2018 09:53:00 -0500 https://www.proactiveinvestors.com/companies/stocktube/8668/global-energy-metals-gets-extremely-favorable-results-from-millennium-cobalt-project-8668.html <![CDATA[News - Global Energy Metals intersects "very wide" grades at the Millennium cobalt project ]]> https://www.proactiveinvestors.com/companies/news/190190/global-energy-metals-intersects-very-wide-grades-at-the-millennium-cobalt-project-190190.html Shares in Global Energy Metals Corp (CVE:GEMC) rose after the company released results on three reverse circulation (RC) drill holes at the Millennium Cobalt project.

The stock surged 8.9% to 0.245p after the company said the first assay results from the project, in Mount Isa, Australia, have intersected very wide and significant cobalt and copper grades potentially expanding the existing JORC (Joint Ore Reserves Committee) resource area.

READ Global Energy Metals kicks off drill programme at Millennium Cobalt project

The drilling was conducted by its Australian partner, Hammer Metals.

Significant intercepts from the first stage December 2017 RC drilling program include:

28 metres at 0.20% Co (cobalt) and 0.35% Cu (copper) from 104 metres in hole MIRC026 including 17 metres at 0.26% Co from 115 metres with peak values over a one metre interval of 1.11% Co, 3.8% Cu and 1.42 grams per tonne (g/t) Au (gold). 12 metres at 0.23% Co and 0.27% Cu from 127 metres in MIRC025 with peak values over a one metre interval of 0.67% Co, 0.69% Cu and 0.24 g/t Au. 13 metres at 0.10% Co, 0.33% Cu and 0.17g/t Au from 91 metres in MIRC025 with peak values over a one metre interval of 0.48% Co, 1.27% Cu and 0.74 g/t Au.

"These first results confirm strong Co-Cu rich mineralisation within the JORC resource area and we are particularly excited with the results from MIRC026 which is an undercut of previous mineralisation and shows an approximate 50 metre depth extension on that section," said Paul Sarjeant, the vice president of projects at Global Energy Metals Corp.

"After a short break over the holiday season, we are anxious to restart drilling at Millennium with our plan to further delineate this resource in the weeks ahead. Hammer has done an excellent job to this point and we are very pleased to continue working with them on this exciting cobalt project," he added.

Alex Hewlett, the chief executive officer of Hammer, said the joint venture activity with GEMC “is off to a great start with these excellent cobalt results from the first program exceeding our expectations”.

The first phase of the program, completed in December 2017, was designed to test gaps in the existing drilling to confirm grade continuity. The program was a success with several significant intersections returned which met or exceeded expectations.

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Wed, 17 Jan 2018 15:10:00 -0500 https://www.proactiveinvestors.com/companies/news/190190/global-energy-metals-intersects-very-wide-grades-at-the-millennium-cobalt-project-190190.html
<![CDATA[News - Global Energy Metals in strong position for growth for 2018, says Smith ]]> https://www.proactiveinvestors.com/companies/news/189819/global-energy-metals-in-strong-position-for-growth-for-2018-says-smith-189819.html Global Energy Metals Corp (CVE:GEMC) says it's in a strong position going into 2018 as it outlined the highlights of a 'transformational'  2017.

In a letter to shareholders, Mitchell Smith, president and chief executive, said the firm started the new year with a  promising line up of drill results from the Millennium cobalt project in Australia along with plenty of growth catalysts.

Among the  firm's goals for 2018 are  to buy additional high quality cobalt assets and initiate a  partner-funded work program to advance the Werner Lake Cobalt project in Canada.

The group also wants to increase analyst and institutional coverage and begin district wide exploration, targeting and building on resources near to the existing Millennium Cobalt project.

"Strong fundamentals for the electric vehicle industry and energy storage sector should prove to further support continued demand for cobalt and further necessitate the need to create a safe and secure supply of cobalt as a key additive for battery technology," added Smith in the letter.

"This trend aligns closely with GEMC's corporate mandate of becoming a future supplier of cobalt material through our advancement of existing projects and the expectation to add new high quality assets."

Running through the highlights of last year,  GEMC said that it had strengthened the team with the addition of Ian Spence as the company's Australian Acquisitions lead and New Tigers Consulting Ltd as its Chinese representative in advancing the company's cobalt material supply strategy.

The group also completed a resource report on its Canadian based Werner Lake cobalt project supporting high grade cobalt mineralisation and need for further investment into the project.

Notably, the firm ended the year with a 50% increase in the share price and had strong treasury having completed another oversubscribed private placing.

GEMC shares closed yesterday at C$0.24 each.

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Wed, 10 Jan 2018 09:00:00 -0500 https://www.proactiveinvestors.com/companies/news/189819/global-energy-metals-in-strong-position-for-growth-for-2018-says-smith-189819.html
<![CDATA[News - Global Energy Metals kicks off drill programme at Millennium Cobalt project ]]> https://www.proactiveinvestors.com/companies/news/188743/global-energy-metals-kicks-off-drill-programme-at-millennium-cobalt-project-188743.html Global Energy Metals Corp (CVE:GEMC) said its Australian partner and operator, Hammer Metals, has started drilling at the Millennium cobalt project in Mt. Isa, Queensland.

In a statement on Wednesday, the company said it expects completing three drill holes before the end of 2017, with the balance of the Phase 1 exploration programme to be carried out in 2018.

READ: Global Energy Metals completes oversubscribed financing, raising C$1.12mln.

The aim of the drill programme is to increase the envelope of mineralisation within the resource area by testing depth and strike extensions.

Infill drilling will also be conducted to upgrade mineralisation to higher confidence levels within the core of the resource area. Initial drill holes will test gaps in the current drill database and look to provide a better understanding of significant zones of mineralisation.

Global Energy's President and CEO, Mitchell Smith said in the statement: " … previous work has very encouraging results on the potential scope and tonnage on the existing land package.

“This drilling is a great step to advance this cobalt project forward. Scale is critical to build economic projects to legitimately supply the battery chain."

Millennium Cobalt project

The Millennium Cobalt Project is an advanced staged cobalt project with a large defined zone of cobalt-copper mineralisation which remains open at depth and along strike.

Hammer Metals completed a JORC 2012 Resource estimate in late 2016 and reported 3.1 million tonnes of Inferred Resources* grading 0.14% Co, 0.34% Cu and 0.12 g/t Au (using a CuEq cut-off of 1.0%).

Under Canadian reporting standards this resource is considered a "historic estimate". The 2016 JORC resource estimate completed by Hammer Metals Ltd. outlined a mineralised zone over a strike length of approximately 1.5 km.

Additional mapping, soil geochemistry and rock sampling has identified an additional 1.5 km of anomalous cobalt-copper mineralisation in geological analogues that occur along a potential strike extension in the northern half (Northern Target) of the tenement package.

This area has not been tested with any drilling to date. The Northern Target provides excellent opportunity to increase the overall resource potential of the Millennium project, the company said.

To date the project area has been tested by only 63 drill holes (percussion, RC and diamond) for a total of 7,891 metres. Most holes have been drilled within 200 metres of surface, with few holes reaching to depths greater than 250 metres below surface.

At present, mineralisation remains open at depth along the strike extent of the JORC resource area.

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Wed, 13 Dec 2017 08:29:00 -0500 https://www.proactiveinvestors.com/companies/news/188743/global-energy-metals-kicks-off-drill-programme-at-millennium-cobalt-project-188743.html
<![CDATA[News - Global Energy Metals completes oversubscribed financing, raising C$1.12mln. ]]> https://www.proactiveinvestors.com/companies/news/188733/global-energy-metals-completes-oversubscribed-financing-raising-c112mln-188733.html Cobalt-focused Global Energy Metals Corp (CVE:GEMC) said it had completed an oversubscribed private placing, raising gross proceeds of around C$1.12mln.

Due to increased investor interest, the offering was oversubscribed with a total of around 9.3mln units were issued at 12 Canadian cents each.

READ: Global Energy Metals teams with UK based Glenpani Capital Ltd to increase UK market presence

"The closing of this placement, including strong support from the U.K., allows GEMC to advance quickly the work programme at the advanced Millennium cobalt project in Australia, as well as our continued evaluation of additional high-quality cobalt targets with capacity for scale and economic grades," said Mitchell Smith, president and chief executive.

The funds will go towards expansion and exploration drilling at the company's recently announced Millennium cobalt project in Australia, as well as for general corporate and working capital.

READ: Global Energy Metals strikes option deal to advance key Canadian cobalt resource - Werner Lake

Each unit consisted of one share and one share purchase warrant, with each entitling the holder to buy a company share at 20 Canadian cents for 30 months from closing.

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Wed, 13 Dec 2017 06:38:00 -0500 https://www.proactiveinvestors.com/companies/news/188733/global-energy-metals-completes-oversubscribed-financing-raising-c112mln-188733.html
<![CDATA[News - Global Energy Metals teams with UK based Glenpani Capital Ltd to increase UK market presence ]]> https://www.proactiveinvestors.com/companies/news/188303/global-energy-metals-teams-with-uk-based-glenpani-capital-ltd-to-increase-uk-market-presence-188303.html Cobalt-focused Global Energy Metals Corp (CVE:GEMC) has struck a strategic partnership with UK-based Glenpani Capital Ltd to provide continued market support.

Glenpani, which aided with the firm's recent financing, will aid Global Energy to expand its exposure to UK capital through its significant network of high-net-worth and institutional investors interested in the cobalt and battery metals spaces, said GEMC.

"I am excited to welcome London based Glenpani Capital as a valuable and strategic partner," said Global Energy's president and chief executive Mitchell Smith.

"This new relationship will further enhance our market presence in the UK and allow us to accelerate growth through access to additional capital and project generation."

Glenpani Capital said: "Natural resource equity markets have been through a challenging period, for many years. The past 12 months has seen the reintroduction of capital, improved liquidity conditions and is readying for what we believe will be a powerful move.

"Cobalt is becoming a supply-deficient metal within commercial and social economies and is driving increasing electric vehicle demand.

"Consumer demand is a considerable variable when assessing natural resource opportunities and cobalt projects of merit will attract broad market participants.

"GEMC's acquisition mandate is refined and the company's developmental processes are conducive to delivering value to shareholders and creating, broader market interest. Mitchell and the people behind GEMC have been developing a cobalt mandate for nearly 10 years and Glenpani are excited to be working with the team."

In October this year, the group revealed it was set to bring in up to C$1mln via a placing to rapidly advance the Millennium cobalt project in Australia.

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Tue, 05 Dec 2017 12:19:00 -0500 https://www.proactiveinvestors.com/companies/news/188303/global-energy-metals-teams-with-uk-based-glenpani-capital-ltd-to-increase-uk-market-presence-188303.html
<![CDATA[News - Global Energy Metals strikes option deal to advance key Canadian cobalt resource - Werner Lake ]]> https://www.proactiveinvestors.com/companies/news/188063/global-energy-metals-strikes-option-deal-to-advance-key-canadian-cobalt-resource-werner-lake-188063.html Global Energy Metals Corp (CVE:GEMC) has struck an option deal, which will further develop one of the key cobalt resources in Canada.

The agreement sees Australian firm Canadian Co27 Pty be acquired fully by Marquee Resources Limited and then have the rights to earn either a 30% or a 70% interest in the Werner Lake Cobalt project in Ontario.

READ - Global Energy Metals presents three-part series on the rise of Tesla READ - Global Energy Metals talking cobalt in California

The project has had  a busy history since it was last operated in the 1940s as a high-grade source of cobalt.

A work program, including diamond drilling to upgrade resource categories, as well as additional metallurgical work and underground chip sampling has been recommended.  The mineralised zones remain open in all directions.

"We are very pleased to be advancing this important Canadian cobalt project with our newest partners," said Mitchell Smith,  chief executive of Global Energy Metals.

"Their strong funding and operating team was an important consideration in partnering with them to ensure that the Werner Lake project advances and builds value for shareholders under the current cobalt market conditions.”

To enter the agreement, Global Energy Metals will receive a non-refundable deposit of A$25,000 and a further A$175,000 and such number of Marquee shares, having a total value of A$100,000.

In addition, if an encouraging pre-feasibility study according to commercially reasonable standards is obtained, with respect to any part of the property, the optionee shall cause Marquee to pay GEMC A$150,000.

To maintain the option granted, and to exercise the option, the optionee must incur expenditures of A$1,000,000 to earn a 30% interest in the property and a further A$1,500,000 (for a total of A$2,500,000) to earn a 70% interest.

The Marquee team includes Charles Thomas, a well known corporate financiere and capital markets leader in Australia.

He said: "Werner Lake is one of the key cobalt resources in Canada and this partnership will ensure that it advances as quickly as possible.   We will move quickly to activate the development program."

Canmine Resources, before filing for bankrupcy, completed a significant amount of work, including; helicopter-borne geophysics, diamond drilling over numerous campaigns, and several resource calculations 

It also completed a 10,000 tonne bulk sample and metallurgical bench test milling and chemical analysis on the mineralised material.

Canmine Resources also completed several preliminary feasibility studies and economic modeling and were in the process of completing a definitive feasibility study.

 Additional work was completed in 2009-2010 by Puget Ventures and all this work formed the basis for the recent NI 43-101 resource report from Global Energy in September this year.

That resource relates to the historic underground workings at the old mine site, now referred to as the mine site deposit and the west cobalt deposit.

Highlights included a higher confidence indicated resource of 57,900 tonnes at 0.51% cobalt and an inferred resource of 6,300 tonnes at  0.48% cobalt  at a 0.25% cut-off grade.

GEMC shares rocketed over 30% to stand at C$0.17 each.

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Thu, 30 Nov 2017 09:17:00 -0500 https://www.proactiveinvestors.com/companies/news/188063/global-energy-metals-strikes-option-deal-to-advance-key-canadian-cobalt-resource-werner-lake-188063.html
<![CDATA[News - Global Energy Metals presents three-part series on the rise of Tesla ]]> https://www.proactiveinvestors.com/companies/news/187525/global-energy-metals-presents-three-part-series-on-the-rise-of-tesla-187525.html Cobalt specialist Global Energy Metals Corp (CVE:GEMC) is partnering up with online publisher Visual Capitalist to present a three-part series detailing the rise of Tesla Inc (NASDAQ:TSLA) and the new energy space.

LOOK: Part 1 of the ‘Rise of Tesla’ series

With awareness of the harmful impact of greenhouse gases growing, GEMC says demand for cobalt – which is used in electric car batteries – is also on the rise.

In fact, cobalt is the top performing base metal so far in 2017 with the price more than doubling.

The metal is currently in a worldwide supply deficit due to the increasing demand and constrained supply, GEMC says.

The company has a cobalt footprint in Canada and recently added to that buy acquiring the Millennium cobalt project in Australia.

Shares opened 4.2% higher at C$0.12 on Monday morning.

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Mon, 20 Nov 2017 09:39:00 -0500 https://www.proactiveinvestors.com/companies/news/187525/global-energy-metals-presents-three-part-series-on-the-rise-of-tesla-187525.html
<![CDATA[News - Global Energy Metals talking cobalt in California ]]> https://www.proactiveinvestors.com/companies/news/187381/global-energy-metals-talking-cobalt-in-california-187381.html Global Energy Metals Corp (CVE:GEMC) is to attend a silver and gold conference in San Francisco, California on November 20 and 21 next week.

Representatives of GEMC will be introducing investors to  exposure to a pure-play cobalt opportunity at the Cambridge House International sponsored Silver & Gold Summit conference, it said.

The firm recently announced the addition of the Millennium Cobalt project in Australia, complementing its existing cobalt footprint in Canada.

The project represents a "transformational" growth opportunity for the company and its shareholders as the first of several acquisition opportunities the company is pursuing, it added.

Yesterday, the firm said its Australian partner Hammer Metals was poised to start work at Millenium

Crews have been mobilized and drill pads cleared for drilling, which is planned to begin following the mobilization of a drill rig to site.

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Thu, 16 Nov 2017 09:02:00 -0500 https://www.proactiveinvestors.com/companies/news/187381/global-energy-metals-talking-cobalt-in-california-187381.html
<![CDATA[News - Global Energy Metals says Hammer Metals poised to start drilling at Millennium project ]]> https://www.proactiveinvestors.com/companies/news/187323/global-energy-metals-says-hammer-metals-poised-to-start-drilling-at-millennium-project-187323.html Global Energy Metals Corp (CVE:GEMC) says its Australian partner Hammer Metals is poised to start work at the Millennium cobalt project in Queensland.

Crews have been moibilised and drill pads cleared for drilling, which is planned to begin following the mobilization of a drill rig to site.

"We believe a successful drill campaign on the Millennium Cobalt project will confirm that the Mt. Isa area has the potential to evolve into a new cobalt camp, and build significant shareholder value for GEMC as one of the only groups focused on the region," said Paul Sarjeant, Global Energy's vice-president of projects.

"We look forward to the results of this drilling with great anticipation."

As reported last week, the lead on the project will be Mark Whittle, exploration manager at Hammer Metals, and a geologist with more than 30 years' experience.

Global expects to complete a series of holes to complement a larger program aimed at increasing tonnage and confidence in resource categories as well as updating the current JORC estimate.

At the completion of this initial program, with a required $500,000 spend, GEMC will earn a 25% interest in the Millennium project.

It has the right to earn up to 75% in the project with a total $2.5mln spend.

GEMC shares eased 4.17% to C$0.12.

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Wed, 15 Nov 2017 12:28:00 -0500 https://www.proactiveinvestors.com/companies/news/187323/global-energy-metals-says-hammer-metals-poised-to-start-drilling-at-millennium-project-187323.html
<![CDATA[News - Global Energy Metals lauds technical team at Millennium cobalt project ]]> https://www.proactiveinvestors.com/companies/news/187104/global-energy-metals-lauds-technical-team-at-millennium-cobalt-project-187104.html Global Energy Metals Corp (CVE:GEMC) has assembled a heavyweight team to oversee the exploration and development program at the Millennium cobalt project in Australia.

The lead on the project will be will be Mark Whittle, the exploration manager at Hammer Metals. He is a geologist with more than 30 years of experience in the mining industry, with extensive exploration experience in Queensland, the Northern Territory and Western Australia and internationally on projects in the Philippines and Finland.

Hammer Metals was awarded “Queensland Explorer of the Year” in 2015.

John Downing will also be involved with the technical program at site. He's another geologist with in excess of 30 years of experience in the mineral resources industry in Australia and internationally.

He has worked for a number of mining and exploration companies and consultancies, including Pan Australian Mining, Mount Isa Mines, the Western Australia Department of Mines and Petroleum, Maxwell Geosciences, and Snowden Group.

Both were integral to the initial work program just completed at Millennium and so keeping that geological continuity is key for the project,” said Paul Sarjeant, vice president of projects at Global Energy Metals.

“Their expertise in advancing projects in this region should mean that we have a well-executed program giving us the best chance of getting the best results from the important Millennium cobalt project,” he added.

READ Global Energy Metals says Hammer option deal offers "transformational" growth opportunity

 


 

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Fri, 10 Nov 2017 15:21:00 -0500 https://www.proactiveinvestors.com/companies/news/187104/global-energy-metals-lauds-technical-team-at-millennium-cobalt-project-187104.html
<![CDATA[Media files - Global Energy Metals' Paul Sarjeant on plans to advance Millennium cobalt project ]]> https://www.proactiveinvestors.com/companies/stocktube/8287/global-energy-metals-paul-sarjeant-on-plans-to-advance-millennium-cobalt-project-8287.html Wed, 25 Oct 2017 11:11:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/8287/global-energy-metals-paul-sarjeant-on-plans-to-advance-millennium-cobalt-project-8287.html