VANCOUVER, BC / THE NEWSWIRE / FEBRUARY 29, 2016 / GLOBAL ENERGY METALS CORP. (“Global Energy” and/or the "Company") is pleased to announce the appointment of Mr. Mitchell Smith as President and Chief Executive Officer (“CEO”).
Mr. Smith’s immediate focus will be to identify potential investment or acquisition opportunities along with financial partners to execute on Global Energy’s strategy to become the go-to bank for the battery minerals market.
Speaking to the battery metals bank strategy, Mitchell Smith, the newly appointed President & CEO said:
" The demand for battery minerals is increasingly becoming a global priority, with cobalt, graphite and lithium in particular gaining more recognition for their strategic application in the rechargeable battery and electronics sector.”
Mr. Smith is an experienced public company director and senior executive with more than 15 years’ experience in advisory, commercial and business development roles focused on the acquisition, funding, and development of resource projects. Most recently, he was instrumental in the execution of the corporate reorganization strategy and spin-out of Global Energy Metals Corp. from Global Cobalt Corp.
Erin Chutter, Executive Chairperson of Global Energy Metals commented:
“In addition to his leadership abilities and market experience, Mitchell has a deep understanding of the battery supply chain that has resulted in the identification and development of asset acquisition activities. He has also built global relationships that have produced off-take agreements and engineering/feasibility contracts with Chinese leaders in the battery metals market.”
Mitchell Smith added:
“I am highly confident in the minerals associated with the battery metals space and believe that Global Energy is an ideal candidate to penetrate this niche market. I am honoured by the appointment and am committed to support the management team execute on our project bank business model."
Global Energy Metals Corporation:
Global Energy Metals is an aggregator of cobalt, lithium, graphite and other battery metals projects, creating an asset bank to ultimately supply market demand for the growing rechargeable battery market. The Company is a pre-IPO reporting issuer that anticipates growing its business by acquiring project stakes in battery metals related projects with key strategic partners.
For Further Information:
President & CEO
#1501-128 West Pender Street
Vancouver, BC, V6B 1R8
t. + 1 (604) 688-4219
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. For more information on Global Energy and the risks and challenges of their businesses, investors should review the Circular and their annual filings that are available at http://www.sedar.com/.
Neither the 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 news release.
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