Global Energy Metals Secures Uranium Royalty in Saskatchewan Projects

Global Energy Metals Corporation (TSXV:GEMC) | (OTCQB:GBLEF) | (FSE:5GE1) has announced a significant update concerning their strategic moves in the clean energy sector. The company finalized an agreement with Terra Balcanica Resources Corp. and Fulcrum Metals Plc.

As part of this agreement, Global Energy will be compensated with C$150,000 worth of shares in Terra Balcanica and granted a 0.5% NSR (Net Smelter Return) royalty over the Saskatchewan-based uranium project portfolio on closing.

Portfolio Overview and Uranium Discovery Potential

The project portfolio, located in northern Saskatchewan, Canada, targets highly prospective ground for uranium discoveries. The portfolio encompasses 596.71 km² and is known for significant uranium showings and historical small-scale mining.

Discoveries like the Arrow and Triple R have validated the potential for exploring structures outside the Athabasca basin. Initial exploration by Fulcrum in 2023 confirmed this potential. Terra Balcanica plans to prioritize modern, systematic geological evaluations to determine the resource potential.

About Terra Balcanica Resources

Terra Balcanica is dedicated to exploring polymetallic and energy minerals in southeastern Europe and northern Saskatchewan. The company has interests in key projects in Bosnia and Herzegovina and Serbia, alongside its Saskatchewan uranium licences. Terra Balcanica focuses on responsible community engagement and sustainable environmental practices.

About Fulcrum Metals Plc

Fulcrum Metals Plc is an AIM-quoted exploration company with a strategic focus on exploration projects in Canada, particularly in Ontario and Saskatchewan. Fulcrum’s goal is to make economically viable discoveries and maximize shareholder value through targeted exploration programs and potential joint ventures or acquisitions.

Qualified Person

Mr. Paul Sarjeant, P. Geo., a shareholder and Director of the company, served as the qualified person for this release, as per National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

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