GEMC’s Pipeline of Growth Stage Battery Metal Projects is a Dealmaker’s Delight
GEMC now has a total of 6 combined battery and precious metals projects (3 pending completion)
Battery metals miner Global Energy Metals Corporation (TSXV: GEMC) (“GEMC”) continues to be an under the radar company with huge potential yet to be recognized by the market. GEMC’s combined 6 projects (3 pending) have key battery metals and some have precious metals and all are in good locations in low risk mining countries.
GEMC offers investors exposure to 6 projects (some pending) containing battery metals and some precious metals
Source: GEMC investor presentation
Global Energy Metals 6 combined projects
1) Millennium Cobalt Project and Mount Isa Cobalt-Copper-Gold Project (100% owned) – Queensland, Australia
The Millennium Project is a significant cobalt-copper deposit that remains open for expansion. It has a historic (not to be relied upon) JORC (2012) Inferred Resource of 3.07 million tonnes @ 0.14% Co, 0.35% Cu and 0.12g/t Au (using CuEq cutoff of 1.0%). GEMC plans to do further work to bring the Resource up to being a NI43-101 compliant resource.
Exploration at the Mount Isa Project to date has returned outstanding, high-grade intercepts and there is excellent potential to significantly improve the JORC Resources in tonnes and grade with multiple high-grade targets awaiting further exploration and test work.
In total GEMC’s Australian land position of 2,560 hectares provides a district-scale cobalt-copper-gold exploration and development opportunity.
Some of GEMC’s excellent drill results at their Australian projects, including high grade cobalt
2) Lovelock Mine & Treasure Box Projects (85%) – Nevada, USA
These Projects (567 hectares) are located in the Stillwater Range with good access, skilled workforce, first world infrastructure and only 150 kilometres east of Sparks Nevada, home to the world’s largest battery factory – Tesla’s Gigafactory 1. Past mining on the properties included mining grades of 14% cobalt and 12% nickel. In recent news GEMC announced they have applied to amend the permit for initial drilling of 1,400 metre short-hole drill program at the Lovelock Project to begin in May 2021.
3) Werner Lake Cobalt Project (70%) – Ontario, Canada
The past producing property has a Updated NI 43-101 (2018) Indicated Mineral Resource of 79,400 tonnes at 0.43% Co not including the 2018 drill program. 0.43% cobalt is considered an excellent grade and in line with the exceptional DRC cobalt mines for grade. The Project is prospective for cobalt, copper, nickel and gold.
4) Monument Peak (pending purchase completion, 50%) – Idaho, USA
The past producing ~558.5 hectare property has high-grade, near surface, copper-silver mineralization. The property encompasses two small, past producing Cu-Ag-Au mines: the Jackson Mine and the Hungry Hill Copper Mine. At the Hungry Hill Mine, about 1 km east of the Jackson Mine, a small amount of production (15 tons) reportedly contained 24% Cu, 480 g/t Ag and 4.4 g/t Au. You can read the latest news here.
5) Chance Lake & Amiral Projects (pending purchase completion, 50%) – Quebec, Canada
The Projects are early stage nickel-copper-cobalt-PGE exploration projects. Chance Lake has a historical (not be relied upon) Resource estimate of 716,031 tons at 0.66% Cu, 0.89% Ni, 0.10% Co for the massive sulfide zone, or 967,393 tons at 0.49% Cu and 0.73% Ni for the combined massive sulphide and disseminated sulphide zones.
The Amiral Project has had historical (not to be relied upon) sampling of the Amiral Showing which returned 1.07% Ni and 0.35% Cu over 6.5 m, including 1.54% Ni and 0.29% Cu over 2.1 m (GM59166). At the Trench 4 Showing, historical sampling returned 0.63% Ni and 0.89% Cu (GM62800). You can read more here.
6) Rana Nickel Project (pending purchase completion, 10% +1% NSR royalty) – Norway
The Project is a drill-ready, low CapEx, Class-1 nickel (sulphide) project with strong exploration upside. The Råna Nickel Project portfolio includes four exploration licenses including the past producing Bruvann Nickel Mine in the Råna mafic-ultramafic intrusion in Northern Norway. You can read the latest news here.
Global Energy Metals Corporation offers very significant exploration exposure to the EV battery metals and some precious metals at an incredibly low market cap
Source: GEMC investor presentation
The past 6 months has seen a superb recovery in the EV metal miners led by rapidly rising cobalt and lithium prices. GEMC appears to have been missed in that recovery despite making enormous positive strides forward.
For those investors looking for an under the radar, early stage, super low market cap (C$3.5M), junior battery metal (and some precious metal) miner with 6 combined promising projects (3 pending purchase completions) in safe locations (Australia, USA, Canada, Norway) then look no further than Global Energy Metals. Risks are high due to the early stage but the upside potential is enormous. Don’t miss this one.
Disclosure: The author is long Global Energy Metals Corporation (TSXV: GEMC).