- Global Energy Metals (GEMC) has enlisted GoldSpot (SPOT) to optimize exploration targets at its Treasure Box and Lovelock Mine projects in Nevada
- Global Energy Metals will also undertake a non-brokered private placement of up to C$1M
- The company will use the proceeds for potential future acquisitions, general corporate and working capital purposes, and to further develop its battery mineral properties
- Global Energy Metals is building a diversified global portfolio of exploration and growth-stage battery mineral assets
- GoldSpot Discoveries is a technology services company in mineral exploration
- Global Energy Metals (GEMC) is down by 4 per cent trading at $0.24 per share
- GoldSpot Discoveries (SPOT) is up by 1.45 per cent trading at $0.70 per share
Global Energy Metals (GEMC) has enlisted GoldSpot (SPOT) to optimize exploration targets.
GoldSpot will utilize its artificial intelligence and machine learning technologies on Global Energy Metals’ Treasure Box and Lovelock Mine projects in Nevada.
Global Energy Metals will also undertake a non-brokered private placement of up to C$1M.
It will offer up to 4M units priced at $0.25.
Each unit consists of one common share and one transferrable share purchase warrant.
Each warrant is exercisable to purchase one common share for $0.40 for 24 months from the closing date, subject to acceleration with 30 days’ notice.
The company will use the proceeds for potential future acquisitions, general corporate and working capital purposes, and to further develop its battery mineral properties, including Treasure Box and the Lovelock Mine.
“It will be a busy season for our Nevada-based cobalt, copper and nickel projects, and we believe the properties will benefit tremendously from the assistance of GoldSpot’s technologies and data-driven approach to exploration,” stated Mitchell Smith, Global Energy Metals’ President and CEO.
“GoldSpot is excited to be partnering and applying our proprietary technology to Global Energy Metals’ critical metal projects,” added Vincent Dubé-Bourgeois, GoldSpot’s CEO. “We believe the market has underestimated the value of the company and that of its strategic property portfolio including those projects in Nevada.”
Global Energy Metals is building a diversified global portfolio of exploration and growth-stage battery mineral assets.
GoldSpot Discoveries is a technology services company in mineral exploration.
Global Energy Metals (GEMC) is down by 4 per cent trading at $0.24 per share as of 11:21 am EST.
GoldSpot Discoveries (SPOT) is up by 1.45 per cent trading at $0.70 per share as of 11:16 am EST.
