Global Energy Metals (CVE: GEMC) Need for Cobalt Rising with Electric Vehicle Demand Increasing

Global Energy Metals (CVE: GEMC) CEO Mitchell Smith sat down with Proactive Investors at the Prospectors & Developers Association of Canada in Toronto this week.

Global Energy Metals is positioning itself as a leading cobalt explorer and developer in the Mt. Isa mining district in Queensland, Australia through the advancement of the Millennium Cobalt Project and proposed acquisition of the Mt. Dorothy and Cobalt Ridge projects.

Millennium opportunity

Global Energy’s flagship interest is the Millennium Project in the world-renowned Mt. Isa region of Queensland, Australia. The growth-stage exploration cobalt site is located near established mining, transport, and processing infrastructure and has easy access to a very skilled workforce.

Millennium contains a defined zone of cobalt-copper mineralisation where a 2016 JORC Resource estimate identified 3.14 million tonnes of inferred resources containing 0.14% cobalt and 0.34% copper with gold credits using a 1.0% copper cut-off. Global Energy Metals believes that it can enhance the scope and size of the resource by updating the estimate using drill results from its 2018 work campaign and an upcoming planned work program to test 1.5km of untested cobalt-copper mineralisation along a potential strike extension from the defined zone.

For more information please follow the links to the Millennium Cobalt Project and the Company’s other cobalt assets in located in top-tier mining jurisdictions including Ontario, Canada and Nevada, USA.

Global Energy Metals Corporation
Global Energy Metals is focused on offering security of supply of cobalt, a critical material to the growing rechargeable battery market, by building a diversified global portfolio of cobalt assets including project stakes, projects and other supply sources. GEMC anticipates growing its business by acquiring project stakes in battery metals related projects with key strategic partners. Global Energy Metals currently owns 70% of the Werner Lake Cobalt Mine in Ontario, Canada, has an option to acquire an 85% interest in two cobalt exploration projects in Nevada, 150km East of the Tesla Gigafactory, and has entered into an agreement to acquire 100% of the Millennium Cobalt Project and two neighbouring discovery stage exploration-stage cobalt assets in Mt. Isa, Australia.


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