(CLICK IMAGE TO PLAY VIDEO)
There’s a lot of smart money that’s going into growth-stage battery mineral assets. And one company that’s, pardon the pun, cha
rging its way to the top is
Global Energy Metals (
TSXV:GEMC,
OTC Pink:GBLEF,
Forum).
The company is currently offering investment exposure to the growing rechargeable battery and electric vehicle, or EV, market by building a diversified global portfolio of exploration and growth-stage battery mineral assets including cobalt, nickel, copper, lithium, and other raw materials.
In this intriguing and informative video Q&A podcast, Stockhouse Media’s Dave Jackson was joined by CEO Mitchell Smith (MS) and Project Development Manager / Geologist Tim Strong (TS) to get company shareholders and investors up-to-date on the booming EV metals market and the opportunities available in it.
TRANSCRIPT BELOW:
SH: To start off with, can you tell us a little bit about yourselves and the history of the company?
MS: Sure. I can start with that. I'm the Founder and President CEO and director of Global Energy Metals Corporation. We've been building this company for a number of years to provide investment exposure to the battery metal supply chain.
TS: I joined Global Energy Metals as the project development manager back last year, around the time of PDAC. Having worked previously on the millennium project as a geological consultant on their 43 101I kept in touchwith Mitch and the team, and I was really excited with what GEMC was putting together. So I thought it was a perfect fit for me to come and join the team on the day-to-day running.
SH: Can you update our investor audience and your Global Energy shareholders on any new company developments, especially in the wake of COVID-19?
MS: Sure. You knowthere've been a number of developments over the past several months. We're very excited to be part of this new energy revolution and believe that Global’s exposure to the battery metals space really fits in with the overall electrification theme that's happening today. We have recently made acquisitions and expanded our footprint into in North America, we've added strategic interestsin Norway, which is becoming a battery manufacturingand we've worked and monetized some of our other projects that were non-core to us to build and grow that exposure through equity holdings inother companies and having them work those projects for us and then balance those.
SH: How does your business model differ from others in the growing EV battery metals space?
MS:Globalhas taken a three pronged approach tothe space and we have our exploration, our project generation type model and we also have apartnership and collaboration themeto the company where we don't necessarily have to own a hundred percent of these projects, but we do have exposure to them. So to not only at the end of the flying asset level, but also to equity holdingsin those companies and the third approach of that too, isto continue to grow and build that project portfolio and advance it through the development of the assetsspecifically to cobalt, nickel, copper, but look at other ways tobe part of that supply chain, whether it be other technologies or through other equity holdings.
SH: You just expanded your drill program at your high-grade nickel, copper, and cobalt Lovelock Mine Project in Nevada. Can you expand on this initiative and some of the results for our investor audience?
TS: Yeah, absolutely. We originally were planning just to drill at the level of property, which is adjacent to the treasure box property on the same sort of geology. Following the closing of our last placement, we managed to oversubscribeand get a bit more money in the bank. So we have the treasure box property set there. It'san IOCG, it was previously drilled in the 1970s I believe, and got between 12 meters at 1.55% copper and also there was another hole that was 25 meters at about 1.2% copper. So these are obviously very encouraging numbers andwe thoughtwith this extra money in the banklet's move down there and put an extra few holes in walls. We have a drill contractor there. These holes, they were mostly focusing on the surface mineralization, the oxide mineralization for copper but we have reason to believe that these holes finished in chalcopyrite which is obviously a sulfide mineral. So we're looking at potentially quite a large system there. We're working pretty quickly to get the drill rigs onsite and we hope to get them there ASAP get results to the market this summer.
SH: Can you tell us a little bit more about Lovelock? Sounds very promising.
TS: Yeah, absolutely. So Lovelock, which was our original focus and still is a big focus for us was initially mined in the 1900s. They were all old fashioned miners. They were taking the high grade ore out and shipping it all the way back to England because it was so high grade, there was 14% cobalt and 12% nickel that was coming out of that. We've done magnetic surveys using a drone and ground IP surveys, as well as some underground mapping on the project and we really feel now with the combination of all that data, that we are getting everything together in a big picture. We'regoing to drill that and hopefully replicate some of those super high grades that we're seeing back in the 1900s.
SH: You’ve also recently announced the Signing of a Term Sheet with Metal Bank Limited to advance your millennium cobalt-copper-gold project in Queensland, Australia. This may be news to many investors. Can you unpack the benefits of it?
MS: Yeah, definitely. I meanthis is a very exciting announcement for the company andwe're thrilled to be working with such astrong technical andfinancially capable team at MBK. Sohaving a group such as MBK who has had many, many years of experience in Australia and abroad and have been verysuccessful in raising capital for projects especially withinthe copper realm and being able toapply that knowledge and technical expertise to advance our project is very encouraging especially when we weren't planning on being able to do that so soon. So they have avery aggressive exploration and development program put in place to advance these projects over the next several months.
SH: Can you walk us through the acquisition in May of the Monument Peak Copper-Silver-Gold Project in Idaho and the Chance Lake and Amiral Nickel-Copper-Cobalt and PGE Projects in the province of Quebec?
MS: Definitely, you know, again, another important milestone for Global Energy Metals and its shareholders. It's really on the basis that securing supply of domestic or North American material for the battery metal space is becoming ever so more important and we believe having that footprint in Idaho as well as in Quebec really allows for us to expand on being able to secure and shore up North American supply minerals. You know I think especially in Idaho wherethere's a real focus on developing new projects. It'sgoing to be a very exciting time for the company to be able to add these to the portfolio.
SH: The Company looks set for strong growth in 2021, including a recent private raise of $1.1 million dollars. How are you placed to expand operations to meet demand?
MS: Yeah, so asTim mentioned we were able to oversubscribe that last financing, a lot of that's going to be earmarked towards this first ever drill programat Lovelock and Treasure Box. Some of it will be allocated as well to the monument peak program, a project to be able to conduct some exploration on that asset and we'll look to continue to build shareholder value through our other projects, as well.
SH: For company shareholders and potential investors, what kind of future development and progress can we expect at your various projects in Australia, Norway, and North America?
TS: Absolutely. The biggest key for us is getting these north American projects moving. We've sat on the Lovelock and treasure box projectsfor quite a while nowdoing small amounts of work and progressing it very slowly. We now think is the time to progress these projects aggressively and this summitdrilling programachieved that on both of those properties. We have excellent partners in Idaho, a great group of geologists and prospectus, and they plan on doing some drone magnetics LIDAR soil sampling to delineate some of the high grade results that they've had there up to 20% copper, and I believe11 grams per ton, gold. So we're getting the results from that program. We have very strong partners, and we want to see them progress and then obviously as Mitch mentioned, the deal with Metal Bank is going to allow that project in millennium to advance extremely quickly over the next couple of months.
SH: It would be remiss of me not to mention that your stock has had a bit of a roller coaster ride over the past year. What can you tell our investor audience regarding the current valuation of your stock and why you think it’s a good buy right now?
MS: Yeah, I thinkas many CEO of companies would say thatyour stock is always undervalued, and I think this is truly the casewith Global Energy. We have avery strong portfolioof projects that are in heightened demand right now and these projects are in the process of being worked on. We have avery, very strong team that's been involved within the battery metal spacefor many, many years who have the understanding of what needs to happen andthe key knowledge of the groups that are involved within thebattery metal space. We have a very tight market structure as well as the capital structure andthe share price has performed very well to date, and we believe that there's still a lot of opportunity for us to grow this and grow it very quickly.
SH: What’s the long-term strategy for the company moving into 2021 and beyond, and what should retail and institutional investors be looking out for?
MS: Yeah, so we're going to continueto grow the company and as I saidwe have this acquisition development and partnership type strategy for the company. Soinvestors will continue to see us move these projects forward. We'll look at youfurther monetizing projects that we have within that portfolio, either through exploration, developmentor partnership and we'll continue to look at other projectsin safe mining jurisdictions that are in close proximity tothe end user market like we have in the current portfolio.
SH: Can you tell our audience a little bit about your corporate management and advisory board teams, along with the experience and innovative ideas they bring to the EV metals space?
MS: Yeah.I think that's something that's very, very key and variable to the team that we've put together at Global Energy Metals. We have a very strong management team, very strong board and an advisory team thatis really second to none. We have a depth of experience, especially within the battery metal space that not only allows for financialand capital market experience, but also a technical and partnership opportunities that this team allows for.
SH: And finally, gentlemen, if there’s anything I’ve overlooked please feel free to elaborate.
MS: I think you covered it off very, very nicely, Dave, and we certainly appreciate the opportunity to speak with you today.
For regular updates, visit
globalenergymetals.com.
FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.