14:21:40 EDT Sat 04 May 2024
Enter Symbol
or Name
USA
CA



Global Battery Metals Ltd
Symbol GBML
Shares Issued 78,539,280
Close 2024-04-19 C$ 0.04
Market Cap C$ 3,141,571
Recent Sedar Documents

Global Battery responds to news of proposed LRH sale

2024-04-22 13:19 ET - News Release

Mr. Michael Murphy reports

GLOBAL BATTERY METALS RESPONDS TO PRESS RELEASES REGARDING PROPOSED SALE OF LRH RESOURCES LIMITED TO EUROPEAN LITHIUM

Global Battery Metals Ltd. has been made aware of an announcement by European Lithium Ltd. (EUR) and an announcement by Technology Minerals PLC (TMI) of the proposed sale of LRH Resources from TMI to EUR for $10-million (U.S.) worth of Critical Metals Corp. shares.

Through the proposed sale of LRH, TMI is suggesting the transfer of TMI's interests in the Leinster lithium project in Ireland. The press releases identify 23 licences being transferred as part of the Leinster lithium project. Global Battery effectively maintains the right to earn a 90-per-cent interest in 16 of these licences and a right of first refusal in respect of the transfer of the licences. All exploration work referred to in the EUR press release was conducted on these 16 licences.

At this time, Global Battery has not agreed to any transaction and remains open to considering all existing and alternative strategies moving forward.

About Global Battery Metals Ltd.

Global Battery is an international mineral exploration and development company with a focus on lithium, copper and other metals that comprise and support the rapid evolution to battery power. Global Battery currently maintains economic interests in four battery metal projects: (1) an option to acquire up to a 90-per-cent interest in the Leinster lithium property; (2) an option to acquire an additional six licences contiguous to the Leinster lithium project from Tancred Resources, covering 249 square kilometres adjacent to the Knockeen lithium pegmatite project and more than quadrupling Global Battery's southern licence land position at the Leinster lithium project; (3) a 100-per-cent interest in the drill-ready Lithium King property in Utah; and (4) a 55-per-cent stake in the Peru-based Lara copper property, which has over 10,000 metres of drilling. As previously disclosed, Minsur SA, a Peruvian mining company, entered into an option agreement with Global Battery and Lara Exploration Ltd. to acquire the Lara copper property for staged payments of $5.75-million (U.S.). Global Battery will retain a 0.75-per-cent net smelter return royalty.

We seek Safe Harbor.

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