Global Energy Metals (TSXV:GEMC) has announced its attendance at the 2019 China Mining Summit, where it will work to emphasise its position as a future source of battery metals like cobalt, nickel, and copper. The business will be represented at the top mining summit, held in Tianjin, by its China-based strategic adviser Dr Wei Qian. Qian is the founder and managing director of New Tigers Consulting (NTC), and was appointed to seek new investors and material supply partners for Global Energy across Asia.
At the event, Qian will hold meetings with numerous Chinese and worldwide groups looking for battery minerals opportunities located in stable jurisdictions. Over half of the world’s supply of cobalt, for example, currently comes from the DRC – a jurisdiction known for its political volatility and human rights issues. As such, end-users are increasingly seeking out supply from more established mining jurisdictions where more ‘ethical’ production methods are thought to be practiced. With this in mind, Global Energy said Qian would look to highlight the firm’s portfolio of growth-stage projects in jurisdictions like Australia, Canada, and the United States.
‘As China Representative to Global Energy Metals, NTC is responsible for marketing commercial mineral opportunities, establishing joint programs and material contracts, and has been instrumental in GEMC’s fostering of strong relationships with Chinese battery cathode manufacturers,’ the firm added. ‘Dr. Qian and the New Tigers team was instrumental in establishing Global Energy Metals’ strategic partnership with Beijing Easpring Technology Material Co., Ltd. opening an opportunity for one of the world’s largest battery cathode manufacturers to co-invest, co-develop and jointly commercialize cobalt projects to meet the battery supplier’s mandate to secure access to cobalt material.’
Global Energy Metals holds 100pc of the Millennium Cobalt Project and two neighbouring discovery stage exploration-stage cobalt assets in Mt. Isa, Australia. It also currently owns 70pc of the Werner Lake Cobalt Mine in Ontario, Canada, and has an option to acquire an 85pc interest in two cobalt-nickel-copper exploration projects in Nevada, 150km east of the Tesla Gigafactory.
To read MiningMaven’s recent report on the Millennium project, which highlights the project’s potential and the opportunities on offer in the battery metals space, please click here.