Introduction to Global Battery Metals Ltd

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Introduction to Global Battery Metals Ltd ...............................


Global Battery Metals CEO retired from his role as Director in Torex Gold (TXG.TO) and pursued his venture in critical minerals in the lithium space in Utah and in Ireland.

https://www.globenewswire.com/en/news-release...ctors.html


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Global Battery Metals Ltd (TSXV: GBML)(OTCQB: REZZF)(FRA: REZ.F)


Global Battery Metals Ltd is a mineral exploration company with a focus on metals that make up and support the rapid evolution to battery power. GBML’s common shares are listed on the TSX Venture Exchange, OTCBB and Frankfurt. GBML currently has three projects:


(1) A 100% owned Lithium King brine lithium project in Utah, USA.


(2) An option to acquire up to 90 per cent of the North-West Leinster hard rock lithium property in Ireland.


(3) A 55-per-cent stake in Peru-based Lara copper property, which has over 10,000 metres of drilling. Minsur S.A., a Peruvian mining company, entered into an option agreement with GBML and Lara Exploration Ltd. to acquire the Lara property for staged payments of $5.75 million (U.S.). GBML will retain a 0.75-per-cent net smelter royalty.


Drill assays from Lithium King's close neighbor, Surge Battery Metals, reported a total of 120.4 meters averaging 3943 ppm lithium in four zones, including strongest individual sample interval (5950 ppm lithium between 13.72 to 15.24 meters).


The NW Leinster Project is focused on the exploration for hard rock lithium mineralization (spodumene pegmatites) in the north of the Leinster Massif in south-east Ireland. The project area is covered by 15 prospecting licenses termed the North-west Leinster Block which covers a total area of 477.39 square kilometer. The prospecting licenses were granted to LRH Resources Limited (a subsidiary of Technology Minerals) in October 2018 and are valid for an initial period of six-years from that date. GBML has an option agreement to earn 90%.


The NW Leinster Project is located at the north-east end of the East Carlow Deformation Zone (ECDZ) with licenses also located to the north of this zone in interpreted similar structural settings. To the immediate south-east, a 55km long zone of discrete lithium-bearing pegmatites and aplites, centred on the Aclare deposit was discovered during 1960s and 1970s near the contact of the Tullow Lowlands granite pluton with the Lower Palaeozoic metasediments which are considered genetically as well as spatially related to the ECDZ. The Aclare deposit is part of International Lithium Corp – Ganfeng Lithium Co. Ltd JV’s Avalonia Project. It is comprises of a 20 meter wide spodumene pegmatite zone with a historical resource estimate of 570,00 tonnes grading 1.5% lithium oxide. The strike length of the primary target zone is 550 meters with 2.23% lithium oxide over 23.3 meters, including 3.43% lithium oxide over 6 meters.


In March 2023 the company discovered up to six LCT (lithium-cesium-tantalum) pegmatite dikes extending across a prospective lithium trend at Prospecting Licence Area 1597 (“PLA 1597”). Drill permit has been received and multiple targeted drill holes are planned.


Chronological news release:



January 18, 2023 Global Battery Metals Reports High Grade Lithium Assays Returned; Surface Samples Up to 3.75% lithium oxide from NW Leinster Lithium Project

https://gbml.ca/news-releases/global-battery-...r-lithium/



March 20, 2023 Global Battery Metals Announces Positive Geochemical Survey Results and Plans for Expanded Leinster Lithium Project Drill Program

https://gbml.ca/news-releases/global-battery-...ect-drill/



April 27, 2023 Global Battery Metals Receives Drill Permit in Ireland; Plans to Advance Leinster Lithium Spring Drill Program Forward

https://gbml.ca/news-releases/global-battery-...m-forward/



May 10, 2023 Battery Metals Announces Start of Drill Program at Leinster Lithium Project in Ireland

https://gbml.ca/site/assets/files/5569/202305...ter_li.pdf

https://twitter.com/GBML_Official?ref_src=tws...r%5Eauthor



June 7, 2023 Company Confirms Multiple Pegmatite Drill Core Intercepts at its Knockeen Prospect; Begins Shipping Samples to Lab

https://gbml.ca/news-releases/global-battery-...am-update/

https://www.londonstockexchange.com/news-arti...n/15989738

1898900900_ComparisonbetweenGBML.VandPMET.Vdrillcores.jpg



If massive commercially viable lithium deposits will materialize in Ireland, Ireland will be an important lithium supplier to Europe in the EV revolution. The demand for lithium is growing exponentially, Lithium metal production is expected to reach 134,700 tonnes versus 58,800 tonnes in 2020. Lithium demand will be driven by a surge in EV sales, with annual production expected to surge to 12.7 million vehicles in 2024, and a corresponding surge in lithium-ion battery production, which is forecast to rise to 410.5 GWh in 2024. The global Lithium-Ion Battery Recycling Market is valued at USD 8.81 Billion in 2020 and expected to reach USD 14.34 Billion by 2027 with the CAGR of 7.20%.


GBML can earn up to 90% in the NW Leinster, with the following option earn-in:


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Option 1
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To earn 17.5% – spend EUR88,000 by Oct 2022 and up to EUR7,500 for licence fees. Option 1 has been exercised.

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Option 2
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To earn 55% - spend EUR500,000 on the property and pay EUR50,000 to vendor by Oct 2024 (90% can be paid in stock at GBML’s discretion)

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Option 3
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To earn 90% – spend EUR1,000,000 and pay EUR200,000 by Oct 2024 (90% can be stock, at GBML’s discretion). Project subject to a 2% royalty, 1% can be bought back for EUR1,000,000.




More information after this posting:

https://investorshangout.com/post/view?id=6566151














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