The road to electrification - TSXV:GEMC OTCQB:GBLEF
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
The road to 1 electrification AN INVESTMENT CASE FOR BATTERY MINERALS TSXV:GEMC INVESTOR PRESENTATION OTCQB:GBLEF
FORWARD LOOKING STATEMENT 2 The information contained in this presentation is provided solely for the reader's general knowledge. The information is not intended to be a comprehensive review of all matters and developments concerning Global Energy Metals Corp. All information is offered on a "best intentions" basis. No securities commission or other regulatory authority in Canada or any other country or jurisdiction has in any way passed upon this information and no representation or warranty is made by Global Energy Metals Corp. to that effect. Global Energy Metals Corp. is not responsible for the content of sites that can be reached through links on this site. This presentation may include "forward looking statements". All statements, other than statements of historical fact, included herein, including without limitation, statements regarding exploration results, future plans and objectives of Global Energy Metals Corp. are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Global Energy Metals Corp. does not make any representations, warranties or guarantees, express or implied, regarding the accuracy, completeness, timeliness, non-infringement, or merchantability or fitness for a particular purpose or use of any information contained in this presentation or of any information available on web sites that are accessible by links found on this site. Furthermore, the information in no way should be construed or interpreted as, or as a part of, an offering or solicitation of securities. Investors are advised to discuss all of their stock purchases with a registered securities broker or personal finance professional prior to investing. No obligation, responsibility or liability shall be incurred by Global Energy Metals Corp. or any of its officers, directors, employees or agents for any loss or damage whatsoever, whether incidental, special, indirect, consequential, punitive, exemplary, or for lost profits in connection with, caused by or arising from any delays, inaccuracies, errors or omissions in or infringement by, or from any use of, or reliance on such information available on this web site, the links to other sites contained in this presentation nor any information available on such sites. INVESTOR PRESENTATION
Unlike the well-supplied lithium 3 market, supplies of nickel and cobalt are a concern... The demand for metal resources has grown sharply over the last decade, particularly for energy metals used in the manufacturing of electronics and, more recently, renewable energy technologies. As EVs begin to replace the internal combustion engine, the strain on the battery metals industry will be pronounced. A once in a generation opportunity has been created!
WHY COBALT AND NICKEL & WHY NOW? 4 • The rapidly expanding global market for high performance rechargeable batteries and renewable energy has sparked an unprecedented demand for battery mineral resources. • Cobalt is one of these minerals critical to the electrification movement. • That said, ethically responsible cobalt is becoming difficult to source given production disruptions, recent material lockup announcements and of course jurisdictional risk as much of the world’s cobalt supply comes from areas plagued by political conflict and marked by child labor. • Nickel is also a concern. Considering the EV OEM push towards a NMC811 cathode architecture, a 19x increase in the quantity of nickel demanded over the next decade may prove problematic. • Supply is being challenged ... • Demand is booming ... So how can investors benefit? INVESTOR PRESENTATION
BUILDING A SOLUTION 5 Global Energy Metals Corp. is building an investment opportunity for battery minerals exposure. It is a company that: • Is being grown with stakeholders in mind ... • Provides investors and partners with exposure to the immediate need for metals critical to the new energy economy... • Has secured cobalt and battery metals rich projects in top-tier mining jurisdictions with exploration & development upside that are primed for success... • Is developing its strong, diversified portfolio of strategic battery mineral projects and is becoming a supply chain solution to safe and reliable cobalt for downstream partners. INVESTOR PRESENTATION
WERNER LAKE ONTARIO, CANADA STRONG BATTERY METALS ASSET PORTFOLIO 6 Growth-stage primary cobalt exploration project with excellent potential for additional cobalt mineralization. Partner funded $2.5M program in place. THE MILLENNIUM PROJECT QUEENSLAND, AUSTRALIA Presents as an excellent LOVELOCK & TREASURE BOX opportunity to develop a cobalt- copper asset of significant size NEVADA, USA with potential to expand. Under exploited and mineral rich. Mineralisation in close Historic production of high-grade proximity to a processing cobalt, nickel and copper. solution and excellent infrastructure within the Mount Area has never been thoroughly Isa region of Queensland, explored in the modern era. Australia. Permitted and drill ready exploration program designed to unlock potential. Top-Tier mining jurisdictions | exploration & Development upside | Primed for Success
7 Nevada USA Lovelock Mine & Treasure Box A drill ready historic cobalt-nickel producer on the doorstep of Tesla’s Gigafactory
BATTERY METALS IN NEVADA 8 Nevada Cobalt-Copper-Nickel The right place at the right time in a superior mining jurisdiction which hosts promising copper-gold projects nearby and benefits from having excellent infrastructure. LOVELOCK Strategically Situated COBALT MINE Located in the Stillwater Range with good access, skilled workforce, first world infrastructure and only 150 kilometres east of Sparks Nevada, home to the world’s largest battery factory - Tesla’s Gigafactory 1. Reno TREASURE BOX Historic Producer Limited, yet high-grade, production of cobalt, nickel and copper in the 1880s but has never been thoroughly explored in the modern era using modern techniques. NEVADA High-Grade Cobalt & Nickel 200 tons shipped in 1886 production averaged 14 percent cobalt and 12 percent nickel (Source: "Mineral Resources of the United States for 1886”). ABOVE: The Lovelock Las Vegas Cobalt Mine and Treasure Box projects are located in Domestic Vulnerability the Stillwater Range with good access, infrastructure in place and only 150 kilometres east of Sparks Nevada, A perfect time to advance a battery minerals project as the United States and Canada recognize the home to - Tesla’s Gigafactory 1. importance of critical mineral independence through collaborative efforts to secure new domestic raw material supply to meet the growing needs of economic and national security. INVESTOR PRESENTATION
THE ROAD TO ELECTRIFICATION Nevada America’s premier mining jurisdiction ranked #1 in the world for Investment Attractiveness by the Fraser Institute 2018 Mining Survey. Targets Identified Completed detailed geological mapping, chip and channel sampling, magnetic and orthophoto surveys along with geophysics data that have identified drill targets beneath historic adits. Permitted & Drill Ready Permits in place for discovery phase drill program. District Opportunity Region shows strong enrichment in cobalt, nickel and copper making it very attractive for further exploration and scalability through further expansion and acquisition. Nickel-Copper-Cobalt Nickel prices are soaring as supply deficits loom, cobalt is rallying, and copper, another important mineral tied to the overall electrification thesis, is also gaining attention as future supply is being questioned. The Nevada projects hold all three of these critical battery minerals.
10 Staged Development Approach Focused on New Discoveries to minimize capital requirements and reduce capital risk to Secure Domestic Supply of BATTERY MINERALS Drill Ready focusing on delineating cobalt-nickel-copper targets where previous studies and historic mining showed high-grade mineralization of up to 14% cobalt and 12% nickel. Strategic Agreement allowing for cobalt-nickel-copper-bearing mineralized material to be put through metallurgical process confirming efficient battery metal extraction and create a battery grade test product. INVESTOR PRESENTATION
TARGETS IDENTIFIED - drill ready 11 • Data Collection & Analysis • Geological Mapping Completed in PHASE 1 PRE-EXPLORATION • UAV Magnetic & Orthophoto Survey 2019 • Grab Sample Analysis • Underground Mapping & Sampling • Geological Interpretation • Target Drilling PHASE 2 EXPLORATION Planned for 2020 • 3D Geological Modelling • Earn-in 85% Interest INVESTOR PRESENTATION
THE TIME IS NOW 12 • Investment opportunity to conduct first ever drill program to unlock value and better understand the scale and potential for a new battery minerals discovery in Nevada. • Global Energy plans to raise $500,000 through a Private Placement, consisting of 6,666,667 units at a post-consolidation price of $0.075 per Unit (the "Units"). • The Company has also proposed a share consolidation (the "Consolidation") on the basis of ten (10) existing common shares (the "Shares") for one (1) post- Consolidation Share. • Each Unit will consist of one post-consolidation share of the Company and one share purchase warrant (a "Warrant"). • Each Warrant will entitle the holder to purchase one additional Post-Consolidation Share of the Company at a price of $0.10 for three (3) years. • Advancing the Lovelock and Treasure Box projects and earning its 85% interest in the Nevada based assets provides the Company with high-potential, growth-stage exploration projects in an established mining district. • Additionally it provides a path forward to develop a domestic supply of battery metals critical to national and economic security at a time when the importance of domestic mineral independence is recognized as being critical to the transition towards a low carbon, battery intensive energy system. INVESTOR PRESENTATION
13 Queensland AUSTRALIA Millennium Project A significant cobalt-copper deposit that remains open for expansion
LOCKED IN Cobalt exposure 14 • Jurisdictionally safe investment exposure to a growth stage exploration property located in the famed Mount Isa mining region of Queensland, Australia. • Direct shipping to the world’s largest battery cathode manufacturing hubs. • Significant cobalt-copper-gold deposit that remains open for expansion. MILLENNIUM • 100% interest - Non-dilutive Royalty Financing LOI with Electric Royalties providing a COBALT PROJECT significant endorsement of the Millennium and Mount Isa projects by a mine finance firm focused on minerals core to the new energy economy. • Located close to well established mining, transport and processing infrastructure along with a skilled workforce in the regional centres of Mount Isa and Cloncurry. • Excellent potential and further upside in extending the known mineralized structure through exploration work along strike to the north and south. • Preliminary hydrometallurgical studies have demonstrated the potential for the recovery of separate cobalt and copper concentrates at rates exceeding 95%. Additional metallurgical testing underway. • At current and future predicted cobalt prices, cobalt is the dominant economic metal within the deposit and GEMC will remodel the deposit on a cobalt-equivalent basis. • The company is actively introducing the project to interested investment partners seeking access to critical raw battery materials that share our vision and recognize the growth potential and value to be added to advancing the Millennium Project to a production decision. INVESTOR PRESENTATION
EXPANDING RESOURCE AT MILLENNIUM 15 Includes large areas Resource remains open Outstanding of under explored along strike and at potential for mineralized zones to depth. further growth. the north & south. Extensional Further Only a fraction of the drilling being metallurgical test 3km long strike has planned for work planned for been drilled. 2020. 2020. INVESTOR PRESENTATION
ESTABLISHED WITH FURTHER size POTENTIAL 16 • JORC (2012) Inferred Resource converted to NI 43-101 on the property: • 3.1 million tonnes @ 0.14% Co, 0.34% Cu and 0.12g/t Au (using CuEq cutoff of 1.0%)1 • 2018 drill program consisting of 10 holes and 1141 metres of drilling demonstrated excellent continuity of mineralisation within the mineralised zone and indicated the strength and size potential of the Millennium Cobalt deposit. Results not included in current Inferred Resource. • All holes encountered sulphide mineralization with significant cobalt values. • The Millennium property covers a sulfide rich mineralized zone containing cobalt, copper and gold mineralization. • Highlight Drill Hole MIDD010 exhibited2: • 41 meters (from 14 m) grading 0.20% CoEq , which includes a: • 13 metre (from 14 m) interval grading 0.28% CoEq • 15 metres (from 40 m) grading 0.25% CoEq • 1 metre interval grading 1.89% CoEq Notes on Equivalence 1: Equivalence calculations utilized prices as follows: Cu: US$4,600/t; Co: US$27,000/t; Au: US$1,330/oz; and Ag: US$20/oz. Notes on Equivalence 2: Equivalence calculations utilised prices as follows: Au/oz - $US$1250, Ag/oz - US$17, Co/T - US$75,000, Cu/T - US$7,100. Metallurgical studies conducted to date indicate that there is a reasonable expectation that these metals can be recovered. INVESTOR PRESENTATION
Growth through discovery 17 District-Scale Discovery Stage Exploration • Acquisition of Cobalt Ridge and Mt. Dorothy positions Global Energy Metals as a leading cobalt explorer and developer in the famed Mt. Isa mining district in Queensland, Australia. • Expands cobalt footprint with an Australian land position of 2560 hectares creating a district-scale cobalt exploration and development opportunity. • Both projects deliver significant exploration upside through having sizeable untested anomalies within boundaries in a cobalt-copper-rich region. • Significant upside exploration potential with cobalt-copper mineralization previously identified but not exploited with cobalt being the commodity of emphasis. • Strategic exploration and development alliance utilizing regional and technical expertise to delineate drilling targets and define a resource within the prospective new cobalt camp. • Surrounded by mid-tier and major mining companies. • Potential partnership / JV opportunities will be considered to de-risk and advance the project. Under Explored With Significant Blue-Sky Potential INVESTOR PRESENTATION
18 Ontario CANADA Werner Lake Past producing cobalt mine, with room to grow
HISTORIC COBALT PRODUCER • Tier 1 location for mining of cobalt in Ontario, Canada. • Indicated Mineral Resource of 79,400 tonnes at 0.43% Co. • Historical high-grade sections were assayed at up to 20% cobalt, intersected by both surface drilling and underground drifting and could represent significant upside to the project’s cobalt output. • Werner Lake Cobalt Mine operated in the 1940s as a high- grade source of cobalt. • +43,000m of drilling previously completed. • Mineralised zones remain open in all directions. • Total mine production was reported at 143,386 pounds of cobalt grading approximately 2.2% cobalt and 0.75% copper (Hughes 2010). • Partner, Marquee Resources, undertook an extensive drilling campaign at the project in 2018 which confirmed the economic potential of the deposit. • Future expansion work will be considered.
Value through green-tech collaboration 20 We have a growing concern and realization for the need to operationalize a clear action plan for creating supply chain security as the world transitions to a low carbon economy. And so our strategy as a mining company has also evolved to include additional paths to build a diversified mineral supply chain through responsible mining and traceability practices. This includes exploring partnership opportunities with groups involved in recycling and reuse of critical minerals including the existing partnership with industry peers like Cobalt Blue to explore new techniques for metallurgical processing technologies. INVESTOR PRESENTATION
REASONS TO INVEST IN GEMC 21 01. 02. 03. 04. 05. Cobalt has serious Global presence with Our quality leadership Our Company is As is important to this fast- supply constraints strategically located and team, built with collaborating with moving market, we are exacerbated by strong projects in top-tier cobalt and battery industry peers using determined to advance and demand fundamentals mining jurisdictions metals experience in proprietary technology develop our district-scale fuelled by the EV including Nevada, USA; mind, has the vision and to prove recovery rates projects to production, revolution and battery Queensland, Australia; focus to execute on our to multiple battery ensuring a marketable markets. and Ontario, Canada. strategy to source and metals and highlight the product and securing new bring online new cobalt ability to create supply of clean and ethical and battery minerals compounds suitable for cobalt - a commodity that is supply. end-use in battery increasingly becoming more production. valuable to the eMobility rEVolution. INVESTOR PRESENTATION
SHARE STRUCTURE & CAPITALIZATION 22 1:10 Consolidation Private Placement The consolidation of share capital better Amount: $500,000 positions the Company to raise the funds Units Offered: 6.67M required to finance the exploration, Unit Price: $0.075 development and fast-track ownership into Warrant: 3 Year Term the drill ready Nevada assets. Fees: 8% Cash / 8% Broker Warrants Shares Issued Warrants Options CURRENT 97.3M 34.3M 4.8M POST CONSOLIDATION & FINANCING 16.4M 10.1M 480K INVESTOR PRESENTATION
LEADERSHIP 23 Global Energy Metals has built a foundational team that underscores the deliberate steps it is taking to build a premier company in the battery metals space. The team’s combined experience will further support the strategy to deliver value to our stakeholders through its vision and focus to execute. Timothy Jaime Graham Mitchell Smith Luis Hadic Stallwood Abbott Paul Sarjeant Strong PRESIDENT & CEO CFO CORPORATE DEVELOPMENT CORPORATE QP & DIRECTOR PROJECT DEVELOPMENT COMMUNICATIONS Accomplished executive & +10 years of accounting 30 years entrepreneurial Tim is an exploration 12 years of corporate Extensive exploration, business development experience across various experience managing professional with over 10 years experience with Telus, with project evaluation and professional with deep sectors including, technology, companies from early experience who’s wealth of involvement in business acquisition experience mining and manufacturing stage development to experience executing exploration and resource sales, operations and both in Canada and industries focusing on geology experience positions multi-million dollar corporate strategies, team management and internationally and has financial reporting, regulatory Tim to partake in all levels of the NASDAQ listed companies marketing relationships & responsibility for managed several junior compliance, internal control exploration value chain, from on both the operations and opportunities for long term & corporate finance activities. multimillion dollar resource companies. engagement. project generation through to corporate levels. transactions. resource definition.
Chris Berry STRATEGIC ADVISORS Giulio T. Bonifacio 24 Chris is a well-known writer, speaker, and analyst with a focus on energy metals supply chains, specializing in lithium, Mr. Bonifacio has over 30 years of experience in senior executive roles in the mining industry. cobalt, and graphite. He is the Founder and former Director, President & CEO of Nevada Copper Corp. since its inception in 2005 until He is the co-author of a newsletter focused on discovery called The Disruptive Discoveries Journal. February 2018. He was a member of a group, which co-founded The Discovery Investing Scoreboard, a program designed to use crowd Among his many accomplishments Mr. Bonifacio has raised directly over $700 million through equity and project debt sourced information to rank equities of various market capitalizations. financings for projects of merit as well as being involved in corporate transactions aggregating in excess of a billion Chris spent 15 years working across various roles in sales and brokerage on Wall Street before devoting his efforts dollars. towards macro economic and natural resource analysis. He holds an MBA in Finance with an international focus from Mr. Bonifacio has led and directed efforts at every stage of development from exploration, development, permitting and Fordham University, and a BA in International Studies from The Virginia Military Institute. construction. Giulio is a Chartered Professional Accountant with extensive experience and knowledge of operations, capital markets, project finance and mergers & acquisitions. James Gilbert Mr. 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. Jim has 28 years of mining and metals investment, financing and transaction expertise, acquired in advisory, executive Mr. Bonifacio is the President & CEO of CopperBank Resources Corp. 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 offtakers. Bassam Moubarak He has also executed corporate and asset level mergers and acquisition transactions involving mining companies and Over the past decade, Mr. Moubarak, a Chartered Professional Accountant, has been active in the restructuring and projects in North America, Latin America, Europe and Africa. Jim is currently the Executive Chairman of Latin America refinancing of a number of junior resource companies. Mining Corporation, Santiago Metals Ltd and Stellar Mining Corp., and has held senior level positions with Orvana Minerals Corp. FPX Nickel Corp., Minera S.A, Gerald Metals Inc. and Rothschild’s mining and metals investment banking He has served as an officer and director of several mining and exploration companies including his most recent role as group. 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. CHRISTOPHER ECCLESTONE Mr. Moubarak 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. Mr. Ecclestone is a principal and mining strategist at Hallgarten & Company and is based in London. Bassam also played a key role in the sale of Petaquilla Copper Ltd. to Inmet Mining Corporation for $400 million and Prior to founding Hallgarten & Company in New York in 2003 he was the head of research at an economic think tank in negotiated the sale of Golden Arrow Resources Corporation’s 1% net smelter royalty on Gualcamayo Gold Mine to New Jersey which he had joined in 2001. Premier Royalty Inc. for $17.75 million. Before moving to the U.S., he was the founder and head of research at the esteemed Argentine equity research firm, Mr. Moubarak also previously held the position of senior manager with Deloitte & Touche LLP., where he led audits of Buenos Aires Trust Company, from 1991 until 2001. He has previously served as a director of several TSX and TSX-V- public companies and oversaw SOX 404 implementations with specific emphasis on the mining industry. listed companies. Christopher’s has spent his career in various aspects of the mining industry, and has been particularly active in investing, analyzing and advising on transactional work in those metals deemed critical to battery and new energy markets. His banking and capital markets network with notable expertise in technology metals are sure to greatly benefit the Company. INVESTOR PRESENTATION
BOARD OF DIRECTORS 25 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. Ms. Campbell sits on the Board of the MacDonald Laurier Institute, and is the Chair of the Canada Eurasian Russia Business Association, Vancouver Chapter. Ms. 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. Ms. Campbell is the Honourary Consul of Russian in Vancouver. Gaston Reymenants, Director Mr. Reymenants has a distinguished career in mining, smelting, refining and metal trading that has spaned 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. Mr. 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 Mr. Reynolds has been engaged by EBRD to carry out reviews of EBRD's investments for several projects in Mongolia, Central Asia and Russia. Mr. 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 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. INVESTOR PRESENTATION
BOARD OF DIRECTORS 26 Paul Sarjeant, QP & Director Mr. Sarjeant, P. Geo, has extensive exploration, project evaluation and acquisition experience both in Canada and internationally and has managed several junior resource companies. Mr. 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. MitchelL Smith President & CEO, Director Prior to being appointed President & CEO of Global Energy Metals, Mr. 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 and thought leader in 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 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. Mr. Smith is also a director of TSXV listed Sceptre Ventures (SVP) and NEX listed Panther Metals (Palm). INVESTOR PRESENTATION
27 CONTACT INFORMATION Address #1501 – 128 West Pender Street Vancouver, BC V6B 1R8 Email + Web info@globalenergymetals.com globalenergymetals.com Telephone +1 604 688 4219 INVESTOR PRESENTATION
Disclaimer 28 Proposed Private Placement Global Energy plans to raise up to $500,000 through a Private Placement, consisting of up to 6,666,667 units at a post-Consolidation price of $0.075 per Unit (the "Units"). Each Unit will consist of one post-Consolidation Share of the Company and one Share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one additional post-Consolidation Share of the Company at a price of $0.10 for three (3) years. Finder's fees may be paid in connection with the Private Placement subject to and in accordance with the policies of the TSX Venture Exchange. All securities will be subject to a four month hold period from the date of closing. The Private Placement is subject to TSX Venture Exchange approval and is intended to close after the completion of the Consolidation. The Company proposes to use the proceeds to begin stage-two exploration work and earn an 85% interest in the Nevada based battery metals projects, as well as for new technologies related to building battery mineral supply chain to power a clean energy future, and for general corporate purposes. Proposed Consolidation The Company currently has 97,301,171 Shares issued and outstanding and after completion of the Consolidation will have approximately 9,730,117 common shares issued and outstanding, not including any shares that may be issued pursuant to the Private Placement. The exercise price and the number of Shares issuable under the Company's outstanding warrants and stock options will be proportionately adjusted to reflect the Consolidation in accordance with the respective terms thereof. Fractional common shares will not be issued, and no cash will be paid in lieu of fractional post- consolidation common shares. The number of post-consolidation common shares to be received by a shareholder will be rounded down to the nearest whole common share. This proposed consolidation does not change a shareholder’s proportionate ownership interest in the Company. The proposed Consolidation has been approved and authorized by Global Energy’s board of directors. The Issuer's articles of incorporation authorize the board of directors to approve certain changes to the Issuer's capital structure, including the consolidation. As such, shareholder approval is not required. The consolidation is subject to approval by the TSX Venture Exchange. In particular, the Company will be required to meet the Exchange’s continued listing requirements upon completion of a consolidation. There is no guarantee that Exchange acceptance of a consolidation will be given or that the Company will meet the Exchange’s continued listing requirements upon completion. Should the Board of Directors proceed to effect the consolidation, a further news release will be issued announcing the effective date for the consolidation and a Letter of Transmittal will be mailed to the Company’s registered shareholders, which shareholders can use to exchange their current share certificates for certificates representing the consolidated number of shares. No action will be required to effect consolidation of beneficially held securities by non-registered shareholders, who hold securities of the Company through an intermediary. The Company does not intend to change its name or its current trading symbol in connection with the proposed share consolidation. INVESTOR PRESENTATION
You can also read