Global Energy Metals To Acquire Interest In Nevada-Based Battery Mineral Projects

VANCOUVER - Global Energy Metals Corporation has issued shares and made a cash payment as consideration for its acquisition of an 85% interest in the Lovelock Mine and Treasure Box Projects located in the Stillwater Range, Churchill County, Nevada from Primus Resources L.C. and Nevada Sunrise Gold Corp. pursuant to the terms of an asset purchase agreement between Primus, Nevada Sunrise and Global Energy Metals.

Mitchell Smith, President & CEO, Director, said, "When undertaking and completing on a corporate restructuring and financing like we have in the past month it is critical to decide how the company should emerge from the onset. Not only have we held steadfast to our battery minerals focused vision for Global Energy Metals but we are even more confident in the direction critical minerals like cobalt, nickel, copper and others will take as the world transitions to clean energy technologies including vehicle electrification and new energy storage.

The addition of Lovelock and Treasure Box, two Nevada-based highly prospective cobalt-nickel and cobalt-copper projects, strengthens our existing jurisdictionally safe asset portfolio and solidifies our positioning within the battery supply chain as we continue to build an investment vehicle for shareholders to gain valuable exposure to the ever increasing demand for battery minerals linked to the electro-mobility investment mega-trend."