Global Energy Metals

The Mineral Bank for Battery Materials

This Global Energy Metals Corporation profile is part of a paid investor education campaign.*


Global Energy Metals Corporation (TSXV:GEMC,OTCQB:GBLEF,FWB:5GE1) is focused on offering investment exposure to the growing battery and electric vehicle (EV) markets by building a diversified global portfolio of cobalt assets in safe, pro-mining jurisdictions. GEMC anticipates growing its business by acquiring project stakes in battery metals-related projects with key strategic partners.

GEMC is in the process of acquiring 100 percent of the Millennium cobalt project in Mt. Isa, Australia, as well as the nearby Mt. Isa projects, making the company the leading cobalt explorer and developer in the region.

The company is also in the process of acquiring an 85 percent interest in the Lovelock mine and Treasure Box property in Nevada. GEMC has signed an MOU with Canada Cobalt Works (TSXV:CCW) to utilize its proprietary Re-2OX process which could potentially produce a battery-grade product.

GEMC has also optioned part of its Werner Lake cobalt mine in Ontario, Canada to Marquee Resources Limited (ASX:HMX), which is investing $2.5 million to advance the project.

The GEMC team, with over a decade of cobalt-focused experience, recognized early that cobalt was essential to lithium-ion battery chemistries. Through years of working with downstream users, including its strategic partnership with Beijing Easpring Material Technology Co. (Easpring), the company recognized that there is a pressing need to create a diversified, viable supply of material to offset the reliance from DRC-sourced cobalt. GEMC’s partnership with the battery cathode manufacturer is unique. The company went downstream, direct to the supply chain to ensure that it could receive project finance, metallurgical and feasibility support for projects and material purchase.

The company believes there are significant value opportunities in aggregating projects and building an efficient and reliable raw material supply chain that meets strict end-user specifications in the rechargeable battery sector. It is using the extensive expertise of its team as well as its global network of contacts to accomplish this goal.

Watch Global Energy Metals CEO Mitchell Smith’s interview

Global Energy Metals Highlights

  • The Millennium cobalt project presents an excellent opportunity to grow a significant cobalt asset in close proximity to a processing solution and excellent infrastructure in Queensland, Australia
  • GEMC has earned a 25 percent interest in the project and is in the process of completing a transaction that will accelerate its ownership to 100 percent.
  • Acquisition of Mt. Isa projects will increase footprint to 2,560 hectares in Mt. Isa district
  • 70-percent owned Werner Lake cobalt project being explored in partnership with Marquee Resources who is funding the project with $2.5 million exploration commitment.
  • Marquee has spent over $1 million on the project in the past year and has planned for a further $1.5 million to be spent on advancing Werner.
  • Updated resource estimate expected in H1 2019 for Werner.
  • Acquiring an 85 percent interest in the past-producing Lovelock mine and Treasure Box property.
  • Projects are near Tesla’s gigafactory in Nevada.
  • Strategic investment has been made in GEMC by Canada Cobalt Works.
  • Strong management team with extensive experience in battery metals project exploration, development and supply chain research and analysis.
  • Maximizing shareholder value via project level joint ventures with long-term strategic partners.

Millennium Cobalt Project

GEMC has signed its final agreements with Hammer Metals to acquire a 100 percent interest in the Millennium cobalt project. Millennium is a growth-stage exploration mineral exploration and development property located in the famed Mount Isa mining region of Queensland, Australia.

Millennium is a significant cobalt-copper deposit and it remains open for expansion. Hammer Metals completed a JORC (2012) resource estimate in late 2016 and reported 3.1 million tonnes of inferred resources* grading 0.14 percent cobalt, 0.34 percent copper and 0.12 g/t gold (using a copper equivalent cut-off of one percent). Under Canadian reporting standards this resource is considered a “historic estimate”. The 2016 JORC (2012) resource estimate completed by Hammer Metals Ltd. outlined a mineralised zone over a strike length of approximately 1.5 kilometers.

In addition, highlights of recent metallurgical test work concluded that the production of separate cobalt and copper rougher concentrate streams is possible with high-grade composite peak rougher floatation tests having exceeded 95 percent recovery for both cobalt and copper. It is expected that the concentrate grades may increase on re-grind and final cleaner floatation. This test-work will be conducted in 2019.

*The historical estimates at Millennium are not being treated as a mineral reserve or mineral resource. A qualified person has not done sufficient work to classify the historical estimates as mineral resource or mineral reserves. Additional drilling and testing is required to determine a classification as a mineral resource or mineral reserve under current NI 43-101 standards. The Company is not treating the historical information as a current mineral resource or mineral reserve.

Mount Isa Mining Jurisdiction

Mt. Isa is located in Queensland, Australia, a safe and stable jurisdiction, particularly when compared to other sources of cobalt in the world. The Queensland regional government is highly supportive of mining projects that support EV battery development.

GEMC’s Millennium project is located nearby transport infrastructure and also has road access to the port at Townsville. It also sits nearby the Mount Isa township and Cloncurry, both of which host an experienced pool of mining professionals and resources.

“This combination creates one of the largest and most exciting exploration cobalt packages in Australia,” said GEMC CEO Mitchell Smith. “Spurred by the recent drilling success and confidence in adding to the already significant cobalt tonnage at Millennium, we are pleased to announce this acquisition which furthers our long-term growth and value-building strategy. With this acquisition, we continue to consolidate multi-million tonne cobalt assets and maximize cobalt leverage for our shareholders. Upon completion, we plan to recommence exploration and expansion of the project with the intent to commission a current resource estimate for the projects as well as identify new opportunities in the cobalt rich district.”

Ongoing exploration work

The company is focused on developing an updated compliant resource for the project. In partnership with Hammer Metals, GEMC launched the first phase of exploration on the Millennium property in December 2017. The program was made up of 10 holes that spanned 1,141 meters and was designed to test the up-dip continuity of the Millennium North deposit as well as the historical estimates.

All holes encountered sulfide mineralization with notable cobalt values. Results included an intersection of 41 meters grading 0.2 percent cobalt equivalent including 13 meters of 0.28 percent cobalt equivalent and 15 meters of 0.25 percent cobalt equivalent.

Results indicated the excellent continuity of mineralization within the mineralized zone. One of the best intersections for cobalt was found in the upper part of the zone.

The program also saw rock chip sampling, with the goal of testing additional zones for cobalt and copper mineralization along the Millennium trend in a northern strike extension. Results from this sampling initiative indicated that this would be a priority target for further exploration.

Mt. Isa cobalt projects

As part of the 100 percent acquisition of Millennium, GEMC has also negotiated terms for the strategic acquisition of the Mount Dorothy cobalt project and the Cobalt Ridge project. These have been collectively named the Mt. Isa projects. This acquisition positions the company as the leading cobalt explorer and developer in Mt. Isa and multiplies their land holding twentyfold, from 135 hectares to 2,560 hectares.

This acquisition also strengthens the company’s partnership with Hammer Metals, providing them with ongoing access to Hammer Metals’ regional and technical expertise in the development of an exploration plan for the projects.

Once the acquisition is finalized, GEMC intends to commence field and geophysical exploration work that will help determine drilling targets for resource development.

Nevada Properties

In January 2019, GEMC signed a definitive agreement with Nevada Sunrise Gold Corp. (TSXV:NEV) to acquire an 85 percent interest in the Lovelock cobalt mine and the Treasure Box project. Both properties are located in Churchill County, Nevada and are approximately 150 kilometers east of Tesla’s (NASDAQ:TSLA) gigafactory in Sparks, Nevada.

The acquisition of the Nevada cobalt projects is another significant milestone for GEMC. This transaction exposes the Company and its shareholders to a wealth of exploration opportunities in another top-tier mining district with proven mineral endowment. GEMC believes that the sizeable property package it has locked up in the heart of a very prolific and proven district, hosts the potential for significant cobalt exploration upside,” said Smith.

According to the Fraser Institute, Nevada is the world’s number one mining jurisdiction for investment attractiveness. The two properties lie within the Stillwater range which saw historic production in the 1800s. Both properties are easily accessible and have infrastructure already in place that services several copper-gold projects within the area.

GEMC completed its first option payment on the property in March 2019 and will be commencing exploration on the two properties in the near-term. The program will include an extensive review and reinterpretation of historic data as well as Phase One drill program.

Lovelock Mine

The 567-hectare Lovelock cobalt mine was discovered by George Lovelock and Charles Bell in 1880. The mine saw limited historical production for nickel, copper and cobalt starting in 1883. Over the course of its mine life, the Lovelock mine shipped 500 tons of cobalt and nickel to England for processing. In 1886 alone, the mine produced approximately 200 tons grading 14 percent cobalt and 12 percent nickel. After intermittent production, an English company built a smelter on-site, but little to no production was made.

In late 2017, Primus Resource Ltd. collected grab samples from historical mine waste and various bedrock samples at the Lovelock mine and in other nearby historical adits. The results from several samples show strong enrichment in cobalt, nickel and copper. Primus also completed geophysical and DC-IP surveys across the property. The DC-IP survey suggests that there is mineralization below the depth of the historical mine workings.

Treasure Box

Limited copper production occurred on the Treasure Box property into the early twentieth century and evidence of the historic mine workings are still present on the property. In 1910, Boyer-Nevada Copper Company reportedly intersected 25.9 meters grading 1.52 percent copper with mineralization beginning at surface. In 1976, Utah International intersected 12.2 meters grading 1.55 percent copper from a depth of 25.9 to 38.1 meters.

Werner Lake Cobalt Project – Canada’s Cobalt

The project is located near the Ontario-Manitoba border in the Kenora mining district. The Werner Lake geological belt hosts numerous cobalt-copper and base metal showings, deposits and past producing mines. The Werner Lake cobalt mine produced cobalt ore in the 1930s and 1940s and was taken to production decision again in the late 1990s. At the time, infrastructure was put in place, including all season road, mill buildings and tailings settling area. Decline ramp, drifts and raises of over 258 metres were driven into the heart of the deposit.

Resource report

Working with a historic resource estimate as a foundation, GEMC conducted the work to explore the potential resource area around the historic underground workings at the “Old Mine Site”, now referred to as the Minesite deposit and the West Cobalt deposit. In September 2017, the company released a resource report on the property that outlined further exploration to be done on the project. It showed an indicated resource estimate of 57,900 tonnes grading 0.51 percent cobalt (653,000 pounds) and an inferred resource of 6,300 tonnes at 0.48 percent cobalt (67,000 pounds).


In November 2017, GEMC entered into a partnership agreement with Marquee Resources, whereby Marquee has the rights to earn a 30 percent to 70 percent interest in the project. In order to exercise this option, Marquee must spend AU$1 million within year one to earn 30 percent and a further AU$1.5 million to earn a 70 percent interest within year two. Marquee will also pay a further $150,000 upon obtaining a positive pre-feasibility study (PFS).

Exploration work

In June 2018, Marquee launched an extensive drilling program targeting high-grade cobalt mineralization, with the goal of increasing the existing indicated mineral resource, which remains open in all directions.

Phase 1 of the program is meant to cover 2,000 meters of drilling and will be followed by a second phase of 3,500 meters. The drilling has focused on the Werner Lake West area, which hosts the bulk of the existing resource.

Initial results from the program have included high-grade intersects of 3.8 meters at 1.39 percent cobalt, 5.5 meters at 0.66 percent cobalt including 0.7 meters at 3.15 percent cobalt and 2.7 meters of 0.35 percent cobalt including 0.7 meters of 0.67 percent cobalt.

As of November 2018, Marquee completed Phase One and Phase Two drilling. The company drilled 4,800 meters throughout the campaign. Five metallurgical drill holes were completed, encountering a thickening in the mineralization at the West Mine zone. Highlights from the program include 0.50 meters grading 0.146 percent cobalt and 0.322 percent cobalt, one meter grading 0.220 percent cobalt and 3.02 percent copper and 1.01 meters grading 0.115 percent cobalt and 0.225 copper.

“The 2018 drill campaign has not only been successful in achieving the company’s main objective of confirming the extent and continuity of high-grade cobalt mineralisation at Werner but has also extended the limits of mineralization defined by the current mineral resource model,” said GEMC VP Projects Paul Sarjeant.

The results from the 2018 drill program will be included in an updated resource estimate which is expected to be released in H1 2019.

Global Energy Metals’ Management

Mitchell Smith—CEO and Director

  • Prior to being appointed President & CEO of Global Energy Metals, Mitchell Smith held increasingly senior capital market positions through his involvement with various mining groups including Global Cobalt Corp, International Barytex Resources and Petaquilla Copper Ltd.
  • Accomplished executive and business development professional with deep experience and proven success developing and executing on corporate strategies, marketing relationships and maximizing business opportunities for long-term engagement and strategic relationships.
  • Profound understanding of the natural resources sector, capital markets and current market trends.
  • Early adopter to the battery space recognizing the proliferation and mainstream appetite for handheld smart devices, mobiles phones and EVs and the critical role the metals associated with the market would play
  • Negotiated and structured off-take agreements for cobalt material and built relationships with Chinese battery manufacturer intermediaries and facilitated commerce by arranging joint ventures, marketing and engineering and procurement construction contracts.

Luis Hadic—CFO

  • Luis Hadic brings more than 10 years of accounting experience across various sectors including, technology, mineral exploration and mining and manufacturing industries focusing on financial reporting, regulatory compliance, internal control and corporate finance activities.
  • Hadic has held CFO and controller positions with several private and public companies and worked as a corporate financial consultant.
  • Hadic has also worked in the banking sector for over five years.
  • In 1997, Hadic concluded his studies at the University of Uruguay in the Faculty of Marketing and Sales.

Jaime Stallwood—Corporate Development

  • 30 years entrepreneurial experience managing companies from early stage development to multi-million-dollar NASDAQ listed companies on both the operations and corporate levels.
  • Managed a national sales force in excess of 200 salespeople for a national Telecom Provider while at the same time implementing national consumer marketing and initiatives.
  • Key involvement with LML Payment Systems (a NASDAQ listed company) that was sold for $110M in first quarter of 2013.
  • Has participated in numerous M&A transactions as well as subsequent integration, utilization and marketing activities.

Graham Abbott—Corporate Communications

  • Graham Abbott has 12 years of corporate experience with Telus, with involvement in business sales, operations and team management and responsibility for multi-million-dollar transactions.
  • In-depth experience with long-cycle corporate deal development and complex relationship management.
  • Involvement with several public companies in business and corporate development (both strategic and financial), operations management and shareholders relations activities.
  • Key member of team responsible for consolidating and finalizing the Salares Lithium property package into the publicly listed company that became Talison Lithium. Talison Lithium was acquired for over $750M in the first quarter 2013.

Board of Directors

Erin Campbell—Director

  • Founder of Puget Ventures, and previous Officer/Director of Global Cobalt.
  • Previous consultant for Platinum Group Metals, Mag Silver, West Timmins Mining.
  • Expertise in management, finance, M&A, strategy and operations acted to put in place innovative offtake and finance mechanism with battery manufacturers.
  • From 1992-2001, Ms. Campbell held various positions for federal and provincial government officials, including the Leader of the Federal Opposition, Minister of Indian Affairs and Minister of Defence.
  • Campbell sits on the Board of the MacDonald Laurier Institute, and is the Chair of the Canada Eurasian Russia Business Association, Vancouver Chapter.
  • Campbell is a director of Khot Infrastructure Holdings Ltd., a CSE listed infrastructure company, and a former director of NioCorp Development Inc., a TSX listed mining company.
  • Campbell is the Honourary Consul of Russian in Vancouver.

Paul Sarjeant, P.Geo—Qualified Person & Director

  • Paul Sarjeant has extensive exploration, project evaluation and acquisition experience both in Canada and internationally and has managed several junior resource companies.
  • Sarjeant began his career with Echo Bay Mines Ltd. as a project geologist working on projects in the NWT, Archean greenstone belts, Lupin Mine peripheral project, and skarn properties in BC and Ecuador.
  • He was appointed Senior Geologist, International Exploration Group, responsible for project evaluation outside of North America, including precious and base metals projects in South America, East Africa, South East Asia, Russia, Mongolia, Australia, New Zealand and Europe.

Gaston Reymenants—Director

  • Reymenants has a distinguished career in mining, smelting, refining and metal trading that has spanned over forty years, during which, he was also responsible for the financing of several off-take projects in Australia, China and the Americas.
  • He served over 20 years with Falconbridge International in various managerial positions and was part of the joint venture with Norilsk Kombinat.
  • Reymenants was the managing director of Kola International Murmansk, and held director and/or senior managerial positions with several companies with cobalt assets including Baja Mining, Polymet Mining and KCM.

Peter Reynolds—Director

  • Reynolds has been engaged by EBRD to carry out reviews of EBRD’s investments for several projects in Mongolia, Central Asia and Russia.
  • Reynolds holds professional designations with the Australasian Institute of Mining and Metallurgy, Canadian Institute of Mining and the Australian Institute of Company Directors.
  • He has over 45 years of experience in the minerals industry, with high-level experience at various mines including being formerly Manager of Operations Planning & Mine Projects/Manager Mine Business Improvement for BHP Billiton at Olympic Dam, Managing Director of ASX listed Marlborough Resources, Director of ASX listed Outback Metals and manager of several of Normandy Mining’s operations.

Global Energy Metals’ Strategic Advisors

James Gilbert

  • Jim Gilbert has 20+ years of mining and metals investment, financing and transaction expertise, acquired in advisory, executive leadership and governance roles in both publicly-listed and private companies.
  • His experience includes the structuring, negotiation and closing of base and precious metals project financing transactions, for single and multi-sponsor projects totalling billions of dollars, as well as the underlying joint venture arrangements among project sponsors – including strategic partners and off takers.
  • He has also executed corporate and asset level mergers and acquisition transactions involving mining companies and projects in North America, Latin America, Europe and Africa.
  • Gilbert has held senior level positions with First Point Minerals Corp., Minera S.A, Gerald Metals Inc. and Rothschild’s mining and metals investment banking group.

Chris Berry

  • Chris Berry is a well-known writer, speaker, and analyst with a focus on energy metals supply chains, specializing in lithium, cobalt, and graphite.
  • He is the co-author of a newsletter focused on discovery called The Disruptive Discoveries Journal.
  • He was a member of a group, which co-founded The Discovery Investing Scoreboard, a program designed to use crowd sourced information to rank equities of various market capitalizations.
  • Berry spent 15 years working across various roles in sales and brokerage on Wall Street before devoting his efforts towards macroeconomic and natural resource analysis.
  • He holds an MBA in Finance with an international focus from Fordham University, and a BA in International Studies from The Virginia Military Institute.

Bassam Moubarak 

  • Bassam Moubarak, a Chartered Professional Accountant, has been active in the restructuring and refinancing of a number of junior resource companies.
  • He has served as an officer and director of several mining and exploration companies including his most recent role as CFO of Lithium X of which he was pivotal in the execution of its takeover by the Hong Kong acquisition vehicle NextView.
  • He also served as Chief Financial Officer of Goldrock Mines Corp. where he played a key role in its sale to Fortuna Silver Mines Inc. for $180 million.
  • He was Chief Financial Officer of Petaquilla Minerals Ltd. where he was instrumental in raising in excess of $120 million to develop and bring into production the Molejon Gold Mine.
  • He also played a key role in the sale of Petaquilla Copper Ltd. to Inmet Mining Corporation for $400 million and negotiated the sale of Golden Arrow Resources Corporation’s 1% net smelter royalty on Gualcamayo Gold Mine to Premier Royalty Inc. for $17.75 million.
  • Moubarak also previously held the position of senior manager with Deloitte & Touche LLP., where he led audits of public companies and oversaw SOX 404 implementations with specific emphasis on the mining industry.

Giulio Bonifacio 

  • Giulio Bonifacio has over 30 years of experience in senior executive roles in the mining industry.
  • He is the Founder and former Director, President & CEO of Nevada Copper Corp. since its inception in 2005 until February 2018.
  • Among his many accomplishments Bonifacio has raised directly over $700 million through equity and project debt financings for projects of merit as well as being involved in corporate transactions aggregating in excess of a billion dollars.
  • Bonifacio has led and directed efforts at every stage of development from exploration, development, permitting and construction.
  • He is a Chartered Professional Accountant with extensive experience and knowledge of operations, capital markets, project finance and mergers & acquisitions.
  • Bonifacio has held previous senior executive roles with Getty Resources Limited, TOTAL Energold Corp., an energy and gold producer and Vengold Inc., gold producer prior to founding Nevada Copper in 2005.
  • He is the President & CEO of CopperBank Resources Corp.


Cobalt Matters

The energy storage revolution is propelling high demand for the key battery minerals. Battery giants are scaling up battery production with mega-factories and are actively acquiring raw materials through off-take agreements. Traditional metal miners are scaling back production resulting in supply constraints in by-product metals such as cobalt critical to battery chemistry.

GEMC is quickly leveraging its strategy of material supply against global estimates that see a doubling of the size of the total cobalt market by 2022. While demand growth for most metals has stalled in recent years, cobalt demand continues to grow strongly propelling the price to decade highs with demand brought on by the energy storage revolution. In addition to the robust demand from rechargeable batteries used in consumer electronics, the prospect of a booming EV market is expected to further increase upside demand potential with some estimates indicating that lithium-ion battery demand for cobalt will increase to 62 percent of total cobalt demand in 2020.

Cobalt Demand

Cobalt applications can be subdivided into two broad segments, chemical and metallurgical.

  • Cobalt for chemical applications dominated by the rechargeable batteries segment.
    • Key sectors include lithium-ion batteries for EVs, lithium-ion batteries for other applications (laptops, PCs, smartphones etc.), polyester and tyres.
  • Cobalt for metallurgical uses primarily in high temperature alloys.
    • Key sectors include superalloys (aerospace rotating parts, defence, power generation, thermal sprays, prosthetics etc.), high-speed (HS) steel, carbide and diamond tools and magnets

Total cobalt demand to exceed 120,000 tonnes per annum by 2020, up approximately 30 percent from the 93,950 tonnes consumed in 2016 (Darton Commodities, 2016).

Expectation for projected battery consumption will account for 62 percent of all cobalt demand in 2020, up from 51 percent in 2016.

This growth in battery consumption is expected to principally come from increased EV demand. The rechargeable battery segment has become both the largest and potentially fastest growing end-use of cobalt and the use of lithium-ion batteries in the EV market has become the most important growth driver for cobalt demand.

At the end of 2016, the number of EVs in existence reached in excess of two million with approximately 737,000 EVs and plug-in hybrid electric vehicles (PHEV) were sold around the world in 2016 (Darton Commodities, 2016).

Growing market adoption has been supported by the development of a reduction in EV battery pack costs, EV adoption, infrastructure along with government incentives. At the current rate of improvement, EV drivetrains are forecast to become competitive with combustion engines within five to 10 years.

Industrial and home grid energy storage systems like the Tesla Powerwall, are increasingly using lithium-ion batteries due to their charge acceptance, longer shelf life, reliability and lower total cost of ownership.

Cobalt deposits can be found throughout the world and are most prominent in the African copper belt with over 60 percent of global cobalt production from a single country – the Democratic Republic of the Congo (DRC).

The DRC is the antithesis of stability and has a long and checkered history tarnished by internal conflict, civil war and infrastructure issues. China controls the majority of refined global cobalt output and is reliant on the DRC for over 90 percent of its cobalt supply.

Future geopolitical risk in the DRC is expected to lead to significant material disruption to cobalt output with potential for a serious global cobalt supply squeeze.

Currently, approximately 60 percent of cobalt mined is as a by-product of copper, 38 percent as a by-product of nickel, and the remaining two percent from primary cobalt mines.

The main implication of this is that, unlike most base metals, changes to global copper and nickel production are the main determinants of changes in cobalt production rather than the supply-demand dynamics and pricing of cobalt itself.

It is expected that short-to-medium term cobalt supply will increase, although at a slower pace than demand, creating a supply deficit up until the end of 2019.

Strategic Partnerships

Beijing Easpring Material Technology Company Ltd.

GEMC has a long-term, strategic cooperation agreement with Beijing Easpring Material Technology Company Ltd. (“Easpring”), a leading battery manufacturing company, to jointly invest in and develop cobalt projects.

Easpring is recognized as a leader in its industry and was the first Chinese supplier to export lithium cathode material to multiple overseas markets. Founded in 2001 and based in Beijing, China, Easpring engages in the research, development, refinement, production and sale of energy materials. It offers lithium cobalt oxide, multi-element oxide, lithium manganese oxide, and other cathode materials for small lithium batteries and power batteries, as well as electronic ceramics materials. The company is a leading specialized supplier of cathode material for lithium-ion batteries to industry giants. At present, Easpring supplies five of the world’s six largest lithium battery manufacturers and is the only Chinese supplier of high-quality cathode materials to China, Japan and Korea’s high-end lithium-ion battery markets.

As part of the strategic cooperation agreement, GEMC and Easpring have agreed to a joint venture that will allow for the identification, acquisition, development, funding and commercialization of cobalt projects. GEMC will acquire the expertise and relationships that Easpring offers, including low-cost capital from Chinese institutions, leading Chinese engineering and construction expertise, as well as Chinese machinery, equipment and other critical suppliers that meet world-class standards of quality at competitive costs in exchange for access to GEMC’s project development opportunities.

New Tigers Consulting Limited

New Tigers Consulting Limited (NTC) have been appointed as China Representative to seek additional investors and material supply partners in Mainland China, Hong Kong and Taiwan. NTC is headquartered in Suzhou, Jiangsu Province, P. R. China, a major economic centre and focal point for trade and commerce. The consulting group also has branch offices in Shanghai, Beijing, Shenzhen, as well as Dublin, Ireland and Toronto, Ontario, Canada.

As China Representative for GEMC, NTC will be responsible for marketing commercial mineral opportunities, establishing joint programs and material contracts, and will assist GEMC to build stronger relationships with Chinese battery cathode manufacturers.

In addition, NTC will introduce Chinese capital to invest into GEMC through direct project level stakes.

NTC has successfully financed, advised, facilitated off-take, created partnerships and developed strategic plans for both international and Chinese companies intending to expand their business activities in the overseas markets.

Canada Cobalt Works

In May 2019, GEMC entered into an MOU with Canada Cobalt Works that allows for copper-nickel-copper-bearing mineralization from Lovelock and Treasure Box to be put through Canada Cobalt’s Re-2OX process. The process will help GEMC confirm efficient battery metal extraction and potentially create a battery-grade test product. Canada Cobalt will oversee the program.

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