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

Global Energy Metals has struck a strategic partnership with UK-based Glenpani Capital Ltd to provide continued market support.

Cobalt is becoming a supply-deficient metal within commercial and social economies, according to Glenpani Capital

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.

Quick facts: Global Energy Metals Corp


Price: 0.22 CAD

Market Cap: $5.95 m

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