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Global Energy Metals appoints Bassam Moubarak as strategic adviser

Moubarak, a Chartered Professional Accountant, has been active in the restructuring and refinancing of a number of junior resource companies over the past decade
Periodic table
Moubarak's most recent role was as CFO of Lithium X

Global Energy Metals Corp (CVE:GEMC,OTCQB:GBLEF) said it has appointed Bassam Moubarak as a strategic adviser.

The announcement comes just days after the company announced very positive results from five holes at the Millennium Cobalt Project in Mt. Isa.

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

All holes intersected wide and high grade co-product cobalt and further assays are expected shortly on additional holes.

In a statement, Global Energy’s president and CEO Mitchell Smith said: “We are very pleased to have Mr. Moubarak join the Global Energy Metals team and assist with our rapidly evolving cobalt portfolio in Mt. Isa Australia.

“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."

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.

Moubarak was also the CFO of Petaquilla Minerals Ltd. where he was instrumental in raising funds to develop and bring into production the Molejon Gold Mine.

He also negotiated the sale of Golden Arrow Resources Corporation's 1% net smelter royalty on Gualcamayo Gold Mine to Premier Royalty Inc.

Moubarak also previously held the position of senior manager with Deloitte & Touche LLP., where he led audits of public companies and oversaw SOX 404 implementations with specific emphasis on the mining industry.

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