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Vancouver, BC - TheNewswire - February 13, 2025 - Global Energy Metals Corporation ( TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1 ) (“Global Energy Metals”, the “Company” and/or “GEMC”) , a multi-jurisdictional, multi-commodity critical mineral exploration, development and project generating company focused on growth-oriented projects supporting the global transition to clean energy, is pleased to announce its strategic partner NeoLithica Ltd. (“NeoLithica”) has entered into a direct lithium extraction (“DLE”) piloting agreement (the “Piloting Agreement”) with Geo40 LLC (“Geo40”) to conduct a DLE pilot test of brine sourced from NeoLithica’s Peace River Project in NW Alberta, Canada.
GEMC, in collaboration with NeoLithica, is currently undertaking a strategic evaluation to assess development options available to service growing North American lithium market demand while maximizing the long-term value of one of Canada’s largest lithium brine inferred resource.
Mitchell Smith, CEO and Director comments:
“When we first identified the investment opportunity in NeoLithica’s 10 million tonne lithium brine resource in Alberta, we recognized the need to aggressively evaluate paths forward for its accelerated development and the ability to attract capital and build partnerships to advance this significant lithium brine resource while optimizing shareholder value in a timely manner.
As a result of NeoLithica’s DLE piloting agreement with Geo40, these objectives are already being realized, and the company is laying a foundation to accumulate valuable data, produce battery-grade lithium products for further testing by potential customers, and build business relationships for a market hungry for responsibly sourced lithium.
We look forward to sharing the results of the initial pilot testing as we join NeoLithica in identifying the most advantageous path forward for the project.”
Global Energy Metals recently announced that, subject to TSX Venture Exchange approval, that it has entered into a non-binding Letter of Intent (the “Agreement”) with NeoLithica to acquire an eighteen month option to acquire a 19.9% interest and a 1% Net Smelter Return (“NSR”) royalty over NeoLithica’s Peace River Lithium Project. For additional information on the terms of the Agreement and details on the Project please refer to Global Energy ’s news release dated February 4, 2025 .
To meet the objective of the piloting agreement with Geo40, in early February NeoLithica transported 7,000 litres of lithium-brine collected from a producing well in the inferred resource area of the Peace River Project (Figure 1) to Geo40’s test facility in Saskatchewan (the “DLE Test Facility”) to pilot test its innovative direct lithium extraction technology.
Figure 1. Location at the
Peace River project in Alberta of lithium-brine collected and
transported to the DLE Test Facility.
It is anticipated that the results of the DLE pilot program, expected to be completed in the coming weeks, will generate data that will contribute to NeoLithica producing an economic assessment on the production of LiCl concentrate and further refined technical- and battery-grade Li2CO3, extracted from its lithium-bearing brines. In addition, it is intended that the lithium chloride and lithium carbonate chemistry will be made available to a number of potential customers for their bench-top qualification test work for battery applications. This is a critical step to potentially building partnerships and securing potential off-take agreements with global companies seeking sustainable and robust solutions to meet their demand for lithium.
Click Image To View Full Size
Figure 2. Geo40’s mobile DLE Test Facility currently processing brine sourced from NeoLithica’s Peace River Project.
The pilot test conducted by Geo40, in conjunction with several pilot tests conducted by other innovative DLE solutions providers, will assist NeoLithica’s in its selection of its primary DLE vendor. It is contemplated that in future piloting campaigns NeoLithica intends to process brine from the company’s own wells as part of future drill plans.
Global Energy is relying on the information provided by NeoLithica Ltd.
Click Image To View Full Size
Figure 3. Geo40’s mobile DLE Test Facility currently testing 7,000 litres of lithium-brine collected from a producing well in the inferred resource area of the Peace River Project.
About Geo40 LLC
Geo40 LLC sustainably recovers minerals from brines. It has mature technology for the extraction of silica nano-particles from hot geothermal fluids and operates two plants in New Zealand. Geo40 has also developed a unique ion-exchange DLE technology and is focussed on the recovery of lithium from North American produced waters. The Company currently has two pilot plants travelling across all the significant oil and gas basins of North America. It plans to deploy a ~300 tpa LCE pre-commercial DLE plant in North America in the latter half of 2025.
About NeoLithica Ltd.
NeoLithica is an emerging lithium resource development company that plans to incorporate innovative direct lithium extraction (“DLE”) and refining technologies to produce battery-grade lithium compounds in support of Canada’s critical mineral supply chain. The Company is headquartered in Calgary, Alberta.
Qualified Person
Mr. Paul Sarjeant, P. Geo., is the qualified person for this release as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects. He is a shareholder and Director of the Company.
For Further Information:
Global Energy Metals Corporation
#1501-128 West Pender Street
Vancouver, BC, V6B 1R8
Email: info@globalenergymetals.com
t. + 1 (604) 688-4219
www.globalenergymetals.com
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Global Energy Metals Corporation
(TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1)
Global Energy Metals Corp. offers investment exposure to the growing rechargeable battery and electric vehicle market by building a diversified global portfolio of exploration and growth-stage battery mineral assets.
Global Energy Metals recognizes that the proliferation and growth of the electrified economy in the coming decades is underpinned by the availability of battery metals, including cobalt, nickel, copper, lithium and other raw materials. To be part of the solution and respond to this electrification movement, Global Energy Metals has taken a ‘consolidate, partner and invest’ approach and in doing so have assembled and are advancing a portfolio of strategically significant investments in battery metal resources.
As demonstrated with the Company’s current copper, nickel and cobalt projects in Canada, Australia, Norway and the United States, GEMC is investing-in, exploring and developing prospective, scaleable assets in established mining and processing jurisdictions in close proximity to end-use markets. Global Energy Metals is targeting projects with low logistics and processing risks, so that they can be fast tracked to enter the supply chain in this cycle. The Company is also collaborating with industry peers to strengthen its exposure to these critical commodities and the associated technologies required for a cleaner future.
Securing exposure to these critical minerals powering the eMobility revolution is a generational investment opportunity. Global Energy Metals believes Now is the Time to be part of this electrification movement.
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.
GEMC’s operations could be significantly adversely affected by the effects of a widespread global outbreak of a contagious disease, including the recent outbreak of illness caused by COVID-19. It is not possible to accurately predict the impact COVID-19 will have on operations and the ability of others to meet their obligations, including uncertainties relating to the ultimate geographic spread of the virus, the severity of the disease, the duration of the outbreak, and the length of travel and quarantine restrictions imposed by governments of affected countries. In addition, a significant outbreak of contagious diseases in the human population could result in a widespread health crisis that could adversely affect the economies and financial markets of many countries, resulting in an economic downturn that could further affect operations and the ability to finance its operations.
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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
We seek safe harbour.
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