Global Energy Metals expands cobalt footprint in Nevada

Global Energy Metals (TSXV: GEMC; US-OTC: GBLEF) struck an option agreement in January with Nevada Sunrise Gold (TSXV: NEV) to acquire 85% of the historic Lovelock cobalt mine and nearby Treasure Box properties – both of which contain battery minerals including cobalt, nickel and copper – and are only a 90-minute drive from the Tesla-Panasonic Gigafactory 1, a lithium-ion battery and electric vehicle factory near Reno. Since then, Global Energy has staked 18 new claims, 11 of which adjoin the 70 pre-existing Lovelock cobalt mine project claims in Churchill County, and some of which are contiguous to both the Lovelock cobalt mine project and the historic nickel mine in Cottonwood Canyon. “The Lovelock and Treasure Box projects are prime examples of U.S.-based battery metal projects that are very prospective and strategically located in close proximity to a domestic end-user with a large appetite for the critical materials used in EV and energy storage technology,” Mitchell Smith, the company’s CEO, tells The Northern Miner. Continue reading at The Northern Miner.