Global Energy Metals Corporation (TSXV:GEMC) is pleased to announce the appointment of Mr. Bassam Moubarak as a Strategic Advisor to the Company.
This appointment comes at a pivotal time as Global Energy Metals recently announced very positive results from five holes at the Millennium Cobalt Project in Mt. Isa. All holes intersected wide and high grade co-product cobalt and further assays are expected shortly on additional holes. The results so far show confirmation of the existing JORC (2012) resource area and confirm thick areas of mineralisation critical for an economic cobalt deposit.
Commenting on the appointment, Mitchell Smith, President & CEOsaid, “We are very pleased to have Mr. Moubarak join the Global Energy Metals team and assist with our rapidly evolving cobalt portfolio in Mt. Isa Australia. Bassam brings knowledge and experience in resource development and financing that will be invaluable to Global Energy Metals and I believe will prove to be paramount to our success in the Company’s cobalt focused growth strategy.”
“I am excited to join Global Energy Metals as a strategic advisor. Building on managements expertise in the cobalt space, I look forward to working with them to assist wherever I can to help unlock and create value for the shareholders,” said Moubarak.
Over the past decade, Mr. 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 acquistion 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. Mr. 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.
(TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1)
Global Energy Metals is focused on offering security of supply of cobalt, a critical material to the growing rechargeable battery market, by building a diversified global portfolio of cobalt assets including project stakes, projects and other supply sources. GEMC anticipates growing its business by acquiring project stakes in battery metals related projects with key strategic partners. Global Energy Metals currently owns and is advancing the Werner Lake Cobalt Mine in Ontario, Canada and has entered into an agreement to earn-in to the Millennium Cobalt Project in Mt. Isa, Australia.
For Further Information:
Global Energy Metals Corporation
#1501-128 West Pender Street
Vancouver, BC, V6B 1R8
t. + 1 (604) 688-4219 extensions 236/237
Cautionary Statement on Forward-Looking Information:
Certain information in this release may constitute forward-looking statements under applicable securities laws and necessarily involve risks associated with regulatory approvals and timelines. Although Global Energy Metals believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change. For more information on Global Energy and the risks and challenges of their businesses, investors should review the filings that are available at www.sedar.com.
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