Toronto, Ontario–(Newsfile Corp. – February 22, 2022) – GoldSpot Discoveries Corp. (TSXV: SPOT) (OTCQX: SPOFF) (“GoldSpot” or the “Company“), a leading technology services company leveraging machine learning to transform the mineral discovery process, is pleased to announce it has been engaged by Global Energy Metals Corporation (“Global Energy Metals”) to apply its proprietary machine learning and geoscience expertise to advance the Treasure Box and Lovelock Mine projects located approximately 150km east of Reno, Nevada.
GoldSpot will utilize its artificial intelligence and machine learning technologies to optimize exploration targets to allow Global Energy Metals to focus drilling efforts better and unlock value in their highly prospective Stillwater Range landholdings in Nevada.
“GoldSpot is excited to be partnering and applying our proprietary technology to Global Energy Metals’ critical metal projects,” commented Vincent Dubé-Bourgeois, Chief Executive Officer and Director of GoldSpot. “We believe the market has underestimated the value of the company and that of its strategic property portfolio, including those projects in Nevada. The opportunity that the Lovelock Mine and Treasure Box land package holds is substantial, and we believe a large number of potential targets on the property are ripe for further analysis and refining under our team’s technological and geological guidance.”
Mitchell Smith, President and Chief Executive Officer of Global Energy Metals, commented, “We are delighted to welcome GoldSpot as a strategic service provider and shareholder of Global Energy Metals. It will be a busy season for our Nevada-based cobalt, copper, and nickel projects, and we believe the properties will benefit tremendously from the assistance of GoldSpot’s technologies and data-driven approach to exploration. We welcome the strong interest and investment into the private placement from GoldSpot and look forward to working with them to evaluate and unlock the potential of both the Treasure Box and Lovelock Mine projects.”
About GoldSpot Discoveries Corp.
GoldSpot Discoveries Corp. (TSXV: SPOT) (OTCQX: SPOFF) is a technology company using artificial intelligence to revolutionize the future of global mineral exploration with a full suite of data and knowledge-driven SaaS tools and services. GoldSpot works with industry leaders across all commodity and deposit types to identify new exploration targets, develop cutting-edge technologies and to strategically invest in mineral exploration companies. Our leading team of expert scientists merge geoscience and data science to deliver bespoke solutions that save time, reduce costs and produce far more accurate results than ever before possible.
For further information please contact:
CEO and Director
GoldSpot Discoveries Corp.
About Global Energy Metals Corporation
Global Energy Metals Corp. offers investment exposure to the growing rechargeable battery and electric vehicle market by building a diversified global portfolio of exploration and growth-stage battery mineral assets.
Global Energy Metals recognizes that the proliferation and growth of the electrified economy in the coming decades is underpinned by the availability of battery metals, including cobalt, nickel, copper, lithium, and other raw materials. To be part of the solution and respond to this electrification movement, Global Energy Metals has taken a ‘consolidate, partner and invest’ approach and, in doing so, have assembled and is advancing a portfolio of strategically significant investments in battery metal resources.
As demonstrated with the Company’s current copper, nickel and cobalt projects in Canada, Australia, Norway, and the United States, GEMC is investing-in, exploring, and developing prospective, scaleable assets in established mining and processing jurisdictions in close proximity to end-use markets. Global Energy Metals is targeting projects with low logistics and processing risks so that they can be fast-tracked to enter the supply chain in this cycle. The Company is also collaborating with industry peers to strengthen its exposure to these critical commodities and the associated technologies required for a cleaner future.
Securing exposure to these critical minerals powering the eMobility revolution is a generational investment opportunity. Global Energy Metals believe the time to be part of this electrification movement.
For further information please contact:
Global Energy Metals Corporation
#1501-128 West Pender Street
Vancouver, BC, V6B 1R8
Tel: 1 (604) 688-4219
Cautionary Statement on Forward-Looking Statement
Neither the TSX Venture Exchange (“TSXV”) nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains forward-looking information which involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.