Global Energy Metals Corporation (TSXV:GEMC) 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. Mitchell Smith, President and CEO, saw the importance of cobalt in manufacturing rechargeable batteries in consumer electronics as well as the growing electric vehicle (EV) market, when others were focusing on additional materials used to manufacture batteries, including graphite and lithium. Smith was featured in the Financial Post where he discussed GEMC acquiring and developing high-quality cobalt.
As quoted in the article:
“Recent drilling at Millennium in 2016 show peak cobalt results as high as 0.51 per cent,” says Smith. “GEMC is finalizing a resource report to confirm historic values at Werner Lake that showed grades in excess of 0.4 per cent cobalt. It’s considered one of the most advanced, near-term production primary cobalt projects in Canada.”