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Global Energy Metals Updates on Portfolio Companies

**Global Energy Metals (TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1)**, a critical mineral exploration, development, and project generating company, has provided an update on its portfolio companies. This multi-jurisdictional and multi-commodity company focuses on growth-oriented projects supporting the global transition to clean energy.

Metal Bank Ltd. (ASX:MBK)

GEMC holds 13,541,000 common shares. Current updates include:

Australian Portfolio

– Drilling is underway at the Millennium project in Queensland, testing the Fountain Range-Quamby Fault Zone potential and increasing existing Cu/Co Resources. GEMC holds a 49% interest.
– Gold and rare-earth elements potential to be reviewed at Livingstone and Nanular projects in WA.


– Applications for two new copper exploration areas have been submitted.
– Initial field program completed over new copper porphyry target.

Saudi Arabia

– Positive initial meetings held with government departments, identifying potential projects.
– MBK is engaging in Licensing Rounds for key exploration projects.

High-Tech Metals Ltd. (ASX:HTM)

GEMC holds 2,500,000 common shares. Current updates include:

– HTM is starting a desktop review of the Werner Lake Project.
– This review will compile historical and new data to prepare for future exploration.
– GEMC sold its 70% interest in Werner Lake during HTM’s IPO in January 2023.
– HTM plans to relinquish the Ketete LCT Project in Ethiopia.

Electric Royalties Ltd. (TSXV:ELEC | OTCQB:ELECF)

GEMC holds 1,150,000 common shares. Current updates include:

– ELEC is a royalty company capitalizing on demand for various commodities required for electrification.
– ELEC’s portfolio includes 40 royalties and 32 lithium properties in Ontario, Canada.
– The company focuses on acquiring royalties on advanced-stage and operating projects.

Marquee Resources Ltd. (ASX:MQR)

GEMC holds 257,178 common shares. Current updates include:

West Spargoville (WSP) & Yindi Projects

– Ground gravity data acquisition has been completed, defining multiple new targets.
– The company plans a 3,000m RC drilling at WSP and 5,000m RC drilling at Yindi in H1-FY2025.

Reddings REE Project

– A further 2,000m RC drilling campaign will commence to delineate a mineral resource.

Terra Balcanica Resources Corp. (CSE:TERA)

GEMC will be compensated with shares valued at C$150,000 and granted a 0.5% NSR royalty over the Saskatchewan-based project portfolio. Current updates include:

– TERA entered an agreement to acquire a 100% interest in Fulcrum’s uranium portfolio in northern Saskatchewan.
– The portfolio includes exploration licenses at Charlot-Neely Lake, Fontaine Lake, Snowbird, and South Pendleton.

Sceptre Ventures Inc. (TSXV:SVP)

GEMC holds 637,000 common shares. Current updates include:

– SVP continues to be classified as a Capital Pool Company.
– The company aims to identify and evaluate assets or businesses for a Qualifying Transaction.

Global Energy Metals continues to advance a diverse portfolio of battery mineral projects in safe, top-tier mining jurisdictions. Their holdings include:

– 100% of U.S. Battery Minerals Corp. with projects in Nevada, USA.
– 100% of Element Minerals Australia Pty Ltd with a 49% interest in the Millennium Project in Australia.
– GEMC is also free-carried in projects until a Feasibility Study is produced.
– 10% of Narvik Nikel with an interest in the Råna Nickel-Copper-Cobalt project, Norway.
– Kingsrose Mining is earning up to an 80% interest by spending $15 million.
– 50% interest in the Monument Peak Copper-Silver project in Idaho, USA.
– 50% interest in the Chance Lake and Amiral projects in Quebec, Canada.

Global Energy Metals also holds several royalty interests in critical mineral projects worldwide, such as:

– 1% NSR royalty on the Råna Nickel-Copper-Cobalt project, Norway.
– 1% NSR royalty on the Mount Dorothy and Cobalt Ridge projects, Australia.
– 0.5% NSR royalty on the Charlot-Neely Lake, Fontaine Lake, Snowbird, and South Pendleton uranium projects, Canada.

Global Energy Metals continues to identify and advance a diversified pipeline of battery minerals, supporting the electrified economy and the global transition to clean energy.

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