Marketwatch May 24, 2017 (TheNewswire.ca via COMTEX) -- (via TheNewswire)
VANCOUVER, BC / TheNewswire / MAY 24, 2017 / GLOBAL ENERGY METALS CORP. TSXV:GEMC ("Global Energy Metals", the "Company" and/or "GEMC") is pleased to announce that it has appointed New Tigers Consulting Limited ("New Tigers" and/or "NTC") as its China Representative to seek additional investors and material supply partners in Mainland China, Hong Kong and Taiwan, further expanding its footprint into China, the world's largest importer and refiner of cobalt.
On March 22nd, 2017, GEMC announced the strategic partnership with Beijing Easpring Technology Material Co., Ltd. ("Easpring") to co-invest, co-develop and jointly commercialize cobalt projects to meet the battery supplier's mandate to secure access to cobalt material. This partnership with NTC will complement the agreement with Easpring and create opportunities for GEMC to further cooperate with downstream battery manufacturers.
New Tigers has worked with a number of North American and Asian companies facilitating off-take, finance, M&A and other business combinations.
Mitchell Smith, President & CEO stated:
"We are pleased to welcome New Tigers as our Chinese representatives in advancing the company's cobalt material supply strategy. New Tigers will be important partners in supporting GEMC's penetration into the Chinese battery metals market and bring forward strong funding opportunities to further facilitate the continued growth of the company's cobalt initiatives."