- Global Energy Metals (GEMC) has commenced a drilling program at the Lovelock Cobalt-Nickel-Copper project in Nevada
- The initial program will include four holes totalling approximately 1,000 metres
- GEMC has supplied raw material to American Battery Technology to produce battery cathode grade nickel and cobalt metal sulfates
- GEMC continues to evaluate opportunities to secure a stable supply of battery minerals for the electrification of vehicles and energy storage to the North American market
- American Battery Technology Company has built a clean technology platform that increases the production of primary metals used in batteries
- Global Energy Metals Corporation (GEMC) opened trading at C$0.25 per share
Global Energy Metals (GEMC) has commenced a drilling program at the Lovelock Cobalt-Nickel-Copper project in Nevada.
Global Energy Metals has undertaken a thorough technical review and has prioritized a series of drill targets which will be tested with an initial program of four holes totalling approximately 1,000 metres.
As a result of its recently announced collaborative agreement with American Battery Technology Company, GEMC has now provided raw material from its Nevada-based projects to undergo an in-house procedure for producing battery cathode grade nickel and cobalt metal sulphates. This fundamental development work will consist of rigorous thermodynamic analytic modelling, bench-scale empirical trials, and techno-economic analyses to quantify the competitiveness of the developed process flowsheets against current market conditions.
Highlights
- Initial 1,000 metres of targeted reverse-circulation drilling focused on making new copper-nickel-cobalt discoveries along newly defined conductors at Lovelock;
- Recent geophysics studies have identified high-priority drill targets that complement the exploration fieldwork previously conducted;
- There is strong discovery potential in and around the Lovelock properties as well as at regional targets identified;
- GEMC has supplied raw material from its Lovelock and Treasure Box projects in Nevada to undergo ABTC’s in-house procedure of developing new first-of-kind processes for producing battery cathode grade nickel and cobalt metal sulfates; and
- GEMC continues to evaluate strategic cooperative opportunities that could enable securing a stable supply of battery minerals critical for the electrification of vehicles and energy storage to the North American market.
Mitchell Smith, Global Energy Metals’ President & CEO commented:
“This is an exciting moment for Global Energy Metals and it’s shareholders. We are pleased to announce that O’Keefe Drilling has commenced the Company’s first drilling campaign at the Lovelock Mine project in Nevada. Following encouraging field and geophysical work, the team believes that Lovelock displays potential for near-surface cobalt, nickel and copper mineralisation and could become a significant discovery opportunity in the highly prospective Stillwater IOCG region. As a high priority target for the company, we look forward to updating shareholders on our progress of both the drill program and ABTC’s processing of cobalt and nickel material for battery application from our projects.”
The majority of this season’s first pass drilling program will be focused on confirming intersections of cobalt-nickel-copper bearing vein that correlates with historical underground mining and mapped superficial cobalt-nickel-copper occurrences. The 1000 metre initial drill program is directed at two target areas within the property: the “Lovelock Mine Zone”, which is host to historical underground mining of high-grade cobalt, nickel and copper, and the “New Zone”, a large area within a corridor of strong structural control with several subparallel structures indicating the potential for multiple mineralized zones related to these structures that have historically returned high-grade cobalt, nickel and copper assays in surface and underground sampling.
Global Energy Metals Corp. offers investors exposure to the growing rechargeable battery and electric vehicle market by building a diversified global portfolio of exploration and growth-stage battery mineral assets.
Global Energy Metals Corporation (GEMC) opened trading at C$0.25 per share.