Vancouver, BC / TheNewswire / May 2, 2018 / Global Energy Metals Corporation TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1 (“Global Energy Metals”, the “Company” and/or "GEMC") is pleased to announce the release of Part 3 - The Future Vision in the “Rise of Tesla” series. GEMC has teamed up with Visual Capitalist to present an uniquely informative three-part series detailing the rise of Tesla Motors and the new energy space.
The first auto revolution occurred in 1913 when Henry Ford rolled out the assembly line for the Model T. It sped up the speed of production of automobile production by a factor of eight - it was so fast that paint drying became the bottleneck. As we now enter the third auto revolution, another potential bottleneck is surfacing - cobalt.
Cobalt is an indispensable component in new energy-related technologies, and is critical to the chemistries used in lithium-ion batteries that are powering the increasingly prominent global fleet of EVs. In fact, cobalt represents roughly 40% of the total material cost for each lithium-ion battery and gives each cell the energy density required for high performance use in electric vehicles, stationary storage and portable devices such as smart phones, tablets and laptops. Cobalt is currently in a worldwide supply deficit due to increasing demand and constrained supply, causing its price to more than double in the last 12-months and making cobalt, 2017’s top performing base metal.
In effort to provide future supply of this much needed critical element and as part of GEMC’s strategic focus on cobalt it is aggressively advancing the Millennium Cobalt project, an advanced exploration cobalt-copper property in Mt. Isa, Australia.
The Company’s current campaign of drilling comprises a total of 10 diamond holes, of which the first three were reported on April 30, 2018. Drilling is ongoing, and the next assay results are expected to be received and reported in May 2018.
Results released are consistent with wide and significant cobalt and copper grades intersected in previous drilling, including those holes completed in December which expanded the mineralisation envelope, aiding in increasing confidence levels of the mineralised zones within the core of the northern zone as defined by the existing JORC (2012) resource area. The potential increase to the cobalt resource size and the strengthening cobalt price since acquiring the option for Millennium make this project a valuable and strategic development of global magnitude.
Click on the link to view of Part 3 - The Future Vision in the “Rise of Tesla” series.
Visual Capitalist uses powerful visual content to help investors and business professionals understand the world. Focusing on topics such as markets, technology, energy and the global economy, Visual Capitalist is currently one of the fastest growing online publishers in North America with an audience of approximately 1.3M unique monthly visitors and a 70% active investor rate.
Global Energy Metals Corporation
(TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1)
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 and has entered into an agreement to earn-in to the Millennium Cobalt Project in Mt. Isa, Australia.
For Further Information:
Global Energy Metals Corporation
#1501-128 West Pender Street
Vancouver, BC, V6B 1R8
t. + 1 (604) 688-4219 extensions 236/237
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.
We seek safe harbour.