Introduction to Global Battery Metals Ltd .......
Post# of 394
Global Battery Metals CEO Michael Murphy retired from his role as Director in Torex Gold (TXG.TO) to pursue his venture for critical minerals in the lithium space for hard rock lithium in Ireland and in Newfoundland and for brine lithium in Utah.
https://www.globenewswire.com/en/news-release...ctors.html
Stock performance of Torex Gold under the management of Michael Murphy and his co-founders
https://stockcharts.com/h-sc/ui?s=TXG.TO&...8709098159
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 stock exchange in three countries:
CANADA TSXV: GBML.V
US OTCQB: REZZF
GERMANY Frankfurt: REZ.F
TSXV: GBML.V weekly (share price in Canadian Dollar)
https://stockcharts.com/h-sc/ui?s=GBML.V&...2941992068
OTCQB: REZZF weekly (share price in US Dollar, currently 1 US Dollar = 1.32 Canadian Dollar)
https://stockcharts.com/h-sc/ui?s=REZZF&p...0240191851
GERMANY FRANKFURT: REZ.F (share price in Euro, currently 1 Euro = 1.48 Canadian Dollar)
https://finance.yahoo.com/chart/REZ.F#eyJpbnR...QifX19fQ--
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% of the North-West Leinster hard rock lithium property in Ireland.
(3) An option to acquire up to 100% of La Polie hard rock lithium property in Newfoundland.
GBML also has 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 US$5.75 million in staged payments. GBML will retain a 0.75-per-cent net smelter royalty.
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Properties potentials
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Lithium King brine lithium project, Utah
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).
NW Leinster hard rock lithium project, Ireland
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 16 prospecting licenses termed the North-west Leinster Block which covers a total area of 529 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”). 4 targeted holes are being drilled with visible lithium mineralization in the first drill core.
If commercially viable lithium deposits will materialize in Ireland, Ireland will be an important lithium supplier to Europe amid its 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:
https://gbml.ca/news-releases/global-battery-...sizes-non/
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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).
Option 2 has been exercised.
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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.
The management pledged that it will pursue exercising Option 3.
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/news-releases/global-battery-...n-ireland/
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
July 13, 2023 Global Battery Metals to Increase Leinster Lithium Project Equity Interests to 55% with Second Property Option Exercise. Company Also Confirms Pursuit of Third and Final Option for 90% Earn-In Stake
https://gbml.ca/news-releases/global-battery-...-exercise/
https://www.londonstockexchange.com/news-arti...n/16040322
July 17, 2023 - Global Battery Metals Provides La Poile Lithium Project Update; Announces 2023 Field Reconnaissance in Newfoundland to Begin in July
https://gbml.ca/news-releases/global-battery-...-begin-in/
https://investorshangout.com/images/MYImages/...ndland.jpg
La Poile Option Agreement
- To earn 51% interest: Pay $121,000 cash and issue 535,714 common shares (note 1)
- To earn 75% interest: Spend $2,000,000 on exploration
- To earn 100% interest: Pay $50,000 cash and issue 2,023,809 common shares (note 2)
(note 1) GBML anticipated acquiring a 51% interest in November 2024
(note 2) Due within 30 days of delivery of an economic technical report, however, GBML may make the final payment and share issuances at its discretion without delivery of the technical report.
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Corporate Presentation and News Release
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https://gbml.ca/
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GBML in the Social Media
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https://twitter.com/GBML_Official (You may have to click twice to see GBML posting)
https://www.linkedin.com/in/michael-d-murphy-8a5607215/
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Photo Gallery
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Close Up View
https://investorshangout.com/images/MYImages/...allery.png
The Leinster property comprises of 16 Prospecting Licenses Area with 130,719 acres or about 529 square kilometers, so far only 1% of the property has been explored and drilled in PLA 1597 (Knockeen and Carriglead area) and 6 LCT pegmatite dikes have been identified. More will be discovered as the company expands its surface sampling.
Lithium–caesium–tantalum (LCT) pegmatites are enriched in Li, Cs, Ta, Be, B, F, P, Mn, Ga, Rb, Nb, Sn and Hf. Examples of major LCT pegmatite deposits include the Tin Mountain pegmatite in the United States; Tanco pegmatite in Canada, Altai Number 3 pegmatite in China; the Greenbushes, Wodgina and Pilgangoora pegmatite in Western Australia; Bikita pegmatite in Zimbabwe; Kenticha pegmatite district in Ethiopia; LCT and Spodumene pegmatite in Ireland.
Another large boulder of solid spodumene from our lithium project in Ireland, a fragment broken off from a gigantic spodumene pegmatite in the depth and protruded onto the surface in a geological upheaval.
Lester Kemp MBA, Chief Operating Officer of Technology Minerals, Global Battery Metals's joint venture partner, displayed a 20 kilogram of spodumeme from Kockeen-Carriglead property in Ireland at PDAC 2023 in Toronto on March 8, 2023 (PDAC - Prospectors & Developers Association of Canada).
What is Pegmatite, Spodumene, Spodumene Pegmatite?
https://investorshangout.com/post/view?id=6558636
Map of Ireland's Prospecting Licenses Areas
https://dw6uz0omxro53.cloudfront.net/2607639/...7bb6cb.jpg
A preview of what may be coming for GBML, the difference is in peak price depending on the extent of discovery. Remember GBML's property in Ireland is 2.4 times as big as Patriot Battery Metals's Corvette property in James Bay, so far only 1% of the property has been explored and drilled:
PMET.V weekly chart
https://stockcharts.com/h-sc/ui?s=PMET.V&...2027314659
Patriot announces final core assay results from its 2023 winter drill program
https://patriotbatterymetals.com/patriot-anno...ec-canada/
GBML.V weekly chart
https://stockcharts.com/h-sc/ui?s=GBML.V&...8432504370
OTCQB: REZZF weekly chart
https://stockcharts.com/h-sc/ui?s=REZZF&p...9603847718
My comment on the recent two news release:
July 13 news - CEO Michael Murphy is an astute entrepreneur, he selected his potential properties mainly through government geological survey in any country and did extensive research in explorers around the properties before assembling a portfolio of properties having commercially viable resources. In one of his Youtube interviews, he said if there is no viable lithium resources in Ireland he will walk away, the exercising of the Second Option implies assays for the first hole has been received and CEO Michael Murphy is very pleased and elated with the results, the company is pursuing to exercise the Third and Final Option to own 90% share in the project means the assays confirms Murphy's intuition that Ireland will be an important lithium supplier in Europe in its Electric Vehicle revolution. He is compiling the assays report which will be released soon.
July 17 news - "The area’s granitic rock from the Paleozoic era is part of a larger Appalachian-Caledonian belt that extends from the Ireland and the UK, through Newfoundland and into the eastern US. Included in this suture zone are the important lithium deposits held by Ganfeng Lithium/International Lithium Corp. Blackstairs Lithium Project in Ireland, as well as by Piedmont Lithium Inc. in the Carolinas, US"
https://investorshangout.com/images/MYImages/...ckbelt.jpg
How continents, hardrock lithium were formed
About 300-200 million years ago the continent we now know as North America was contiguous with Africa, South America, and Europe. They all existed as a single continent called Pangaea. Magma from the interior of the Earth carrying precious and base metals protruded into the Earth's crust forming pegmatites. Since lithium is chemically very active, elemental lithium does not exists, rather, it formed numerous lithium minerals, lithium salts and lithium compounds. Mineral such as spodumene which is found in pegmatites is a pyroxene mineral consisting of lithium aluminium inosilicate, chemical formula LiAl2SiO6. As the Pangaea splitted into continents, and as continents gradually drifted far apart, those spodumene pegmatites were distributed all around the world, but the characteristics and signatures of their existence remain the same anywhere they are found. Canada's James Bay, Greenland, Newfoundland and Great Britain were once contiguous in the Pangaea. As Pangaea broke up, Europe started drifting away from North America, taking the lithium mineralizations with it and deposited along the stretched Appalachian-Caledonian granitic rock belt. Newfoundland is not just an island filled with fishing ports, it may potentially be filled with LCT pegmatite and spodumene pegmatite similar to that in Ireland with long intervals of 3.75% lithium, waiting to be discovered by GBML while Ireland still has the potential of hosting PMET style multiple LCT/Spodumene pegmatites with long intervals of high grade lithium.
Drill assays of Benton-Sokoman Golden Hope project, Newfoundland
https://investorshangout.com/images/MYImages/...-23-45.jpg