(TheNewswire)
VANCOUVER, BC / TheNewswire
/ JUNE 12, 2017 / GLOBAL ENERGY METALS CORP. TSXV:GEMC (“Global Energy Metals”, the
“Company” and/or "GEMC") announces that President & CEO Mitchell Smith recently
completed a visit to Beijing, China to continue discussions with cathode manufacturing partner Beijing Easpring Material Technology
Co. Ltd. (Easpring).
While in Beijing he also met with
recently appointed Chinese investment representative, New Tigers Consulting , as part
of a multi-day introduction to a number of downstream cobalt users and battery metal investment groups.
Mitchell Smith, President & CEO commented:
" Cooperation with the world's largest importer and refiner of cobalt is
critical to our strategy of being a supplier of cobalt material to existing and potentially new partners. We will focus on further
acquisitions of cobalt assets along with an alignment with strategic funding partners who share our outlook on the need for secure
cobalt supply."
China processes approximately 50% of the world’s cobalt and has long rooted experience with cobalt
extraction and technical expertise required to manufacture battery cathodes. Within China, Easpring is recognized as a leader
in the battery industry and was the first supplier to export cathode material to multiple overseas markets including Japan and
Korea. They are a key supplier to five of the world's six largest lithium battery manufactures and have developed chemistries
that can be used in the automotive electric vehicle industry.
Recognizing Easpring's vested interest in building an efficient and reliable raw material supply
chain, Global Energy Metals partnered with the battery cathode manufacturer to jointly invest, develop and commercialize cobalt
assets on a project-by-project basis as announced in its news release dated March 22,
2017 . Battery manufacturing intermediaries, like Easpring, and the refining companies they
purchase material from are looking to diversify from the current dependency on sourcing cobalt from the African copper belt, namely
the Democratic Republic of Congo ("DRC"). Global Energy's strategy of acquiring projects in jurisdictions outside of the DRC
aligns nicely with Easpring's interests.
Mr. Smith also spent several days meeting with various investment groups as well as other downstream
users of cobalt, all having a keen interest in the cobalt market.
" Interestingly, the collective view from both battery manufacturers and
investors groups GEMC met with is that Beijing is pushing for the development of the electrification of vehicles, aiming not only
to make its carmakers competitive in the global automotive industry but more importantly to reduce the
serious air pollution issues at home," said GEMC's President & CEO . "Cobalt
was one of the energy metals singled out as critical to ensuring these initiatives could be achieved. They are all determined
to gain exposure to cobalt in some form. "
Global Energy Metals Corporation (TSXV:GEMC)
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 and is advancing the Werner Lake Cobalt Mine in
Ontario, Canada.
For Further Information:
Global Energy Metals Corporation
#1501-128 West Pender Street
Vancouver, BC, V6B 1R8
Email: info@globalenergymetals.com
t. + 1 (604) 688-4219 extensions 236/237
Twitter: @EnergyMetals
Cautionary Statement on Forward-Looking Information:
Certain information in this release may constitute forward-looking statements under applicable
securities laws and necessarily involve risks associated with regulatory approvals and timelines. Although Global Energy Metals
believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results or developments may differ materially from those in the forward-looking
statements. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event
that management’s beliefs, estimates or opinions, or other factors, should change. For more information on Global Energy and
the risks and challenges of their businesses, investors should review the filings that are available at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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