Edward
7 days ago
R/S coming.
"the Company will also seek shareholder approval for a consolidation of its share capital on a 10-for-1 basis, consolidating its 78,539,280 currently outstanding common shares to approximately 7,853,928 common shares (the “Consolidation”). The exercise price and number of common shares of the Company issuable upon the exercise of any outstanding stock options, common share purchase warrants or other convertible securities will be proportionately adjusted to reflect the Consolidation. The Consolidation will be subject to final acceptance by the Exchange.
Upon completion of the above, the Company will explore financing opportunities to fund exploration work on its remaining assets.
The board of directors of the Company approved the transaction and will recommend that shareholders of the Company vote in favour of the sale of the Property assets at the AGSM."
"The Company intends to hold an annual and special meeting of shareholders in Q1 2025 (the “AGSM”) to approve, among other items, the proposed disposition of the Property assets and the Consolidation (as defined above).
https://www.thenewswire.com/press-releases/1AqRFraaa-global-battery-metals-provides-corporate-update-settlement-agreement-for-leinster-lithium-project.html
Edward
12 months ago
I believe this morning news will bring investors to REZZF.
The management is well educated in mining and wouldn't have made the deal if they didn't strongly believe large deposits of lithium exist there.
Global Battery Metals Significantly Expands Land Position at Leinster Lithium Project with Additional Option Agreement
Secures Option to Acquire New Strategic Licenses Adjacent to Current Knockeen Lithium Pegmatite Project, more than Quadrupling Key Southern Block Land Holdings
Key Highlights:
Secures option to acquire six new contiguous licenses (four granted/two pending under application) covering an additional 249 km2 adjacent to its Knockeen Lithium Pegmatite Project, more than quadrupling its southern license land position;
New licences strategically situated to extend GBML’s exploration of a new and significant lithium-bearing spodumene pegmatite system at PL 1597, progressing SW and in-line with the East Carlow Deformation Zone (“ECDZ”);
Recent near-surface trenching chip sample assays from one of the pegmatite dikes show values of up to 2.55% Li2O at a depth of only 2m in the NE-SW trending dike swarm; and
Total project package now consists of 22 prospecting licenses covering ~775 km2, situated along strike to Blackstairs Lithium (Ganfeng / ILC joint venture) Avalonia Project.
Vancouver, British Columbia – December 13, 2023 – Global Battery Metals Ltd. (the “Company” or “GBML” or “Global Battery Metals”) (TSXV: GBML; OTCQB: REZZF; Frankfurt: REZ), an international critical mineral exploration company focused on growth-oriented lithium and battery metal projects, is pleased to announce a strategic expansion of its Leinster Lithium Project exploration activities with the exclusive option to acquire six (four granted/two under application) additional southern license block mining claims1 (the “Claims”) covering an additional 249 km2. The new Claims border the Company’s PL 1597 Knockeen Lithium Pegmatite Project and are situated along the southwest strike with the recently discovered LCT pegmatite dike swarm (see Map 1 below).
Coming on the heels of GBML’s recent lithium pegmatite trenching results at Knockeen and 2.55% Li2O chip sample taken at a depth of just two metres (2m), as well as its earlier successful first round of exploration drilling at Knockeen which recorded 24 intervals of near-surface lithium intersects across nine holes, the decision was made to enter into an option agreement (the “Option Agreement”) with Tancred Resources Ltd. (“Tancred”) in order to secure the rights to select neighboring Claims. In total, the full Leinster Lithium Project footprint now comprises 22 mineral claims covering approximately 775 km2 and is situated along strike to nearby Blackstairs Lithium’s Avalonia Project (297 km2 joint venture between Ganfeng Lithium Co. Ltd and International Lithium Corp.).
The Claims tactically augment GBML’s existing holdings along and adjacent to the important East Carlow Deformation Zone, which is interpreted to control the emplacement of an existing LCT pegmatite field at the Blackstairs Mountains. Exploration data for the new Claims include soil geochemistry, magnetic and gravity surveys and mapping. The current information highlights the presence of chemical trace elements associated with LCT pegmatite which, coupled with the identified spodumene bearing pegmatites from 2023 drilling at Leinster, suggest that the LCT pegmatite field identified at the Blackstairs extends to the southwest, on the grounds covered by this acquisition.
Michael Murphy, CEO of Global Battery Metals, underscored the importance of this expansion, stating: “Knowing what we now know about the near-surface opportunities and consistency that we’re seeing in this NE-SW trending dike swarm, seizing this strategic expansion opportunity was an easy decision to make. GBML has had our eye on these additional licenses for some time now, but up until recently the land was unavailable. Given the proximity to not only our own active exploration, but also to Blackstairs Lithium’s expansive drill program plans, GBML’s new southern tract of project licenses is a significant district addition. We’ve been tracking exploration progress in and around PL 1597 throughout 2023, and have seen the focus area expand in lockstep with favourable geologic reporting. We thank the Tancred team for their partnership and we are looking forward to expanding our exploration efforts.”
Edward
1 year ago
Global Battery Metals Completes Initial Knockeen Trench Sampling Program at Leinster Lithium Project, Ireland
Company submits near surface trenched spodumene pegmatite samples to lab for expedited assay testing
Vancouver, British Columbia – December 7, 2023 – Global Battery Metals Ltd. (the “Company” or “GBML” or “Global Battery Metals”) (TSXV: GBML; OTCQB: REZZF; Frankfurt: REZ), an international critical mineral exploration company focused on growth-oriented lithium and battery metal projects, is pleased to announce it has completed the recent shallow trench sampling program at its Knockeen lithium pegmatite project located on GBML’s Leinster Lithium Project in Ireland.
Highlights:
A cross-cut trench of approximately 25m in total length was successfully opened up at 1-2m depth to confirm a historically reported 1.8m wide spodumene bearing pegmatite dike.
Samples collected at 1m intervals along the exposed strike length of the dike were submitted for expedited lab testing with results delivery anticipated mid-December.
Michael Murphy, CEO of Global Battery Metals, said: “We’re moving fast to see these assays. The team is pleased to confirm the historic dike target location and complete initial surface trench sampling before year end. At only two metres deep, these trenching sample assays are important as they’ll give us a clear view into the near surface lithium mineralization opportunity that we believe exists. We are preparing now for our next exploration steps at Knockeen and surrounding areas, and believe that we’ll see an active and busy lithium discovery district take shape early in 2024.
Edward
1 year ago
F/Y/I
Global Battery Metals to Increase Leinster Lithium Project Equity Interests to 55% with Second Property Option Exercise
July 13, 2023 - 7:30 am
Company Also Confirms Pursuit of Third and Final Option for 90% Earn-In Stake
Vancouver, British Columbia--(Newsfile Corp. - July 13, 2023) - Global Battery Metals Ltd. (TSXV: GBML) (OTCQB: REZZF) (FSE: REZ) (the "Company" or "GBML" or "Global Battery Metals"), an international critical mineral exploration company focused on growth-oriented lithium and battery metal projects, announces the Company has elected to exercise its Second Option ("Second Option Earn-In") with respect to the Leinster Lithium Property (the "Property" or the "Project") in accordance with the terms of an amended and restated letter of intent dated August 15, 2022 (the "Amended and Restated Letter of Intent"), between the Company and LRH Resources Ltd. ("LRHR"), an arm's-length private exploration company and wholly-owned subsidiary of Technology Minerals Plc.
With the Second Option Earn-In exercise, GBML will acquire an additional 37.5% equity interest, bringing the Company's total equity interest in the Project to 55%. Having now spent the required €500,000 on Property exploration and development, the Company will pay Technology Minerals Plc, the parent company and owner of LRHR, €5,000 in cash and issue 385,000 common shares at a deemed price of $0.17 per share, on or about July 27, 2023. The issuance of the common shares remains subject to the approval of the TSX Venture Exchange. Project fulfilment requirements were previously announced in the Company's August 19, 2022 news release.
The Project, located south of Dublin in the counties of Wicklow and South Carlow in the Republic of Ireland, is a promising lithium pegmatite project consisting of 16 prospecting license areas situated adjacent to the joint Ganfeng Lithium / International Lithium Corporation Blackstairs Lithium Project, and covering approximately 525 km² along and adjacent to the East Carlow Deformation Zone (ECDZ) which is recognised as a major controlling structure to pegmatite emplacement.
The Project's drill program, currently underway at the Knockeen Prospect, is permitted for up to 10 drill holes and has recorded multiple pegmatite intercepts in the first holes, which are currently being processed and analyzed. Exploration activities have confirmed expansive lithium mineralization across a number of Project areas, with assay results of 66 rock samples released by ALS Laboratories earlier this year returning Li2O% lithium contents ranging up to 3.75 % Li2O / 17,410 ppm Li.
"Our 2023 Leinster Lithium Project exploration includes both drill and surface exploration programs," said Michael Murphy, CEO of Global Battery Metals. "Without a doubt, the Knockeen Prospect drilling is our top priority, but surface exploration and sampling continues across both northern and southern licensed areas. There's a lot or very promising ground to cover, and our priority target list continues to grow. We believe SE Ireland is home to an untapped lithium district in the making."
Responsibility to the Environment
All mineral exploration activities in Ireland take place under the auspices of the GSRO, a division within the Government Department of the Environment, Communications & Climate Change. Exploration is governed under the framework of both Irish and EU legislation that has been implemented to ensure that the environment is protected during exploratory work. Prospecting licence holders must comply with all of the relevant legislation. The Company is pleased to confirm that it adheres to the highest standards of good practice in relation to its ongoing exploration activities having completed a detailed GSRO "Appropriate Assessment" process prior to commencement and which was reviewed, approved and signed off by the appropriate oversight authorities.
Competent Person
All scientific and technical information in this announcement has been prepared under the supervision of and reviewed and approved by EurGeol Vaughan Williams, M.Sc., P.Geo., (Principal of Aurum Exploration Services currently providing exploration services to GBML and to LRH Resources Limited ("LRH")), a "qualified person" within the meaning of National Instrument 43-101.
The Knockeen Prospect forms part of the Project exploration block, which is operated under an exclusive option and earn-in agreement with Technology Minerals Plc (LSE: TM1), the first listed UK company focused on creating a sustainable circular economy for battery metals, and its wholly owned subsidiary LRH.
About Global Battery Metals Ltd.
GBML is an international mineral exploration and development company with a focus on lithium and other metals that comprise and support the rapid evolution to battery power. GBML currently maintains economic interests in four battery metal projects: (1) an option to acquire up to a 90% in the drill-ready Leinster Lithium Property in Ireland; (2) a 100% interest in the drill-ready Lithium King Property in Utah; (3) an option to acquire up to a 100% interest in the La Poile Lithium Project in Newfoundland; and (4) a 55% stake in Peru-based Lara Copper Property, which has over 10,000 metres of drilling. As previously disclosed, Minsur S.A., a Peruvian mining company, entered into an option agreement with GBML and Lara Exploration Ltd. to acquire the Lara copper property for staged payments of USD$5.75 million. GBML will retain a 0.75% net smelter royalty. GBML's common shares are listed on the TSX Venture Exchange (TSXV: GBML); Frankfurt Stock Exchange (FSE: REZ); and are quoted on the OTC Markets (OTCQB: REZZF).
Global Battery Metals Ltd.
Michael Murphy BA, MBA, MSc., ICD
President & CEO
T: 604-649-2350
E: MM@gbml.ca
W: www.gbml.ca
https://www.stocktitan.net/news/REZZF/global-battery-metals-to-increase-leinster-lithium-project-equity-6in1v6aj4n3z.html
Tyrus603
2 years ago
$REZZF $GBML pulling pegmatites, Stock on launching pad...
The OTC market is slowly waking up to the tremendous buying opportunity that is Global Battery Metals, as they have already begun pulling high grade lithium pegmatite core rods that were close to the surface of Irish farmland in Leinster.
The $8-$10 million Market Cap is a joke at this point.
# # #
“… Remember, they started this whole (Leinster, Ireland) thing off with grab samples that were up to 17,400 parts per million lithium. Europe needs lithium even more than the U.S., and this is just the top of the trend line.
This (Ireland property) is three times the size of PMET (Patriot Battery Metals’ Corvette site), and Ganfeng (a $13B company) is one of $REZZF’S/$GBML’s neighbors (in Ireland).
It’s really encouraging to see these results.
The CEO (Michael Murphy) has already taken a company from a market cap just like Global’s and turned it into a $Billion dollar (gold mining) company. So he has a special formula for selecting land.
I think we have the right jockey, and I think we have the right horse.”
-PENNY QUEEN @The_PennyQueen
Tyrus603
2 years ago
SE Ireland's Lithium is so potent it's McNicknamed "KILLINITE"
The "KILLINITE" in Ireland is exactly why Global Battery Metals, $GBML (Canada) $REZZF (U.S.) is about to be KILLIN IT on the OTC in 2023! First cross sectional spodumene drill results from Leinster are highly likely to be published by Global Battery Metals within the next week or so!
Article on the lithium-rich nature of southeast Ireland is pasted below for anyone who hasn't already seen it.
-TY
# # #
Lithium in Southeast Ireland
Published:
15 March 2021
https://www.gsi.ie/en-ie/publications/Pages/Lithium-in-South.aspx#:~:text=The%20presence%20of%20lithium%20minerals,southeast%20Ireland%20since%20the%201970s.
(Li) is a key element in the development of renewable energy, chiefly because of its role in Lithium ion batteries. The EU classes it as a Critical Element, which means it is of high importance to the economy and there is a high risk to its supply. Lithium occurs naturally in low concentrations in the earth’s crust and in sea water. It is produced today mainly in Australia and South America from two main sources, granitic pegmatites and dry salt lakes formed from brine,. In the EU, small quantities of lithium are mined from pegmatites in Portugal while new resources have been discovered in the Czech Republic and Finland.
In the early 1970s in southeast Ireland, a geological research student discovered what initially appeared to be granitic pegmatites with particularly large feldspar crystals. The “feldspar”, a common mineral in many rock types, was identified as spodumene, a mineral containing almost 4 % lithium and historically one of the world’s main sources of lithium. Mapping defined numerous spodumene pegmatite occurrences in and adjacent to the margin of the Leinster Granite. Mineral exploration in the 1970s suggested the pegmatites did not have commercial potential. However, modern interest in lithium has led to renewed exploration of these deposits, with attention focused on Moylisha in County Carlow. The student who discovered the pegmatites was Peadar McArdle, who would go on to become Director of Geological Survey Ireland.
While the discovery of lithium pegmatites marked southeast Ireland as a potential source of lithium ore, the presence of lithium-bearing minerals was not news in 1970. The occurrence of spodumene crystals in the Leinster Granite in south Dublin was reported in 1836. This “spodumene” is, in fact, an altered version of the lithium mineral and was given its own name, “killinite”, after Killiney Hill where it was discovered. The presence of lithium minerals at Killiney is a reflection of the lithium-rich nature of the Leinster Granite, which contains 5 – 10 times more lithium than most granites.
Geological Survey Ireland has been investigating the geochemistry of rocks and stream sediments in southeast Ireland since the 1970s. It completed its stream sediment survey of the region in 1990 and the resulting geochemical maps reflect the chemistry of the underlying bedrock. Tellus reanalysed these sediment samples a few years ago, availing of more advanced analytical techniques to produce improved maps for many elements. However, Tellus did not analyse the sediments for lithium. Given the current interest in this element and its “critical” status, GSI has recompiled the historic lithium data and released it on its website here. Rock samples collected from the 1970s to the 1990s were also analysed for lithium and other elements – these data have also been released here and they complement the stream data, confirming that the Leinster Granite is a significant repository of lithium in Ireland.
Tyrus603
2 years ago
As someone who's followed the OTC penny stock market pretty closely for the past 25 years I have never seen a stingier buy-side market than exists right now.
There were times and years in the Market when news releases and YouTube interrviews like the several that Global Battery Metals and ceo Michael Murphy have strung together of late would have caused a fevered run on shares.
These days?
A jaded populace looks on, unimpressed. Because social media has turned the vast majority of OTC traders into follow-the-crowd, strictly momentum playing myrmidons who are basically unable to read and research a lesser known company like $REZZF $GBML on their own and recognize it as the rare in a lifetime investment opportunity that it is.
Yeah I used the "I" word folks.
Bring on the cynicism.
(Or the Tim Sykes generation would have brought it on if they were actually on this board, reading this. Obviously they are not.)
This is a buy and hold 10-bagger, easily, for those with even the slightest modicum of reading comprehension ability, and patience.
Edward
2 years ago
Global Battery Metals Files Drilling Permit Application for Leinster Lithium Project in Ireland
8:02 am ET March 30, 2023 (Newsfile) Print
Vancouver, British Columbia--(Newsfile Corp. - March 30, 2023) - Global Battery Metals Ltd. (TSXV: GBML) (OTCQB: REZZF) (FSE: REZ) (the "Company" or "GBML"), a critical mineral exploration company focused on growth-oriented lithium and other battery metal projects, announces that the drilling permit application for its Leinster Lithium Project (the "Property" or the "Project") has been submitted. Ten drill holes are planned to test to a depth of approximately 200m.
The submission outlines a staged diamond core drilling program and comes on the heels of the recently announced (see March 20, 2023 press release) potential discovery of up to six LCT (lithium-cesium-tantalum) pegmatite dikes extending across a prospective lithium trend at Prospecting Licence Area 1597 ("PLA 1597" or the "Knockeen Prospect").
Significant sampling and mapping across the Knockeen Prospect was conducted throughout the second half of 2022, with the most recent assay results of 66 rock samples released by ALS Laboratories returning Li2O% lithium contents ranging up to 3.75 % Li2O (see January 18, 2023 press release).
In conjunction with this work, a detailed deep overburden (base of till) program was recently completed for a total of 373 samples covering an area of 600m x 450m over the location of an extensive spodumene pegmatite float boulder train and an associated historically reported trenched bedrock occurrence. The interpreted geochemical results (see Figure 1) indicate the potential discovery of up to six LCT (lithium-cesium-tantalum) pegmatite dikes across the Knockeen Prospect shallow depths of between 1m - 7m below ground surface.
The area of the exploration is centred on a locality where a forty-year-old historical company report from Irish Base Metals described a trench excavated at Knockeen Townland which uncovered in bedrock, a 1.8m thick spodumene-bearing pegmatite vein.
Competent Person
All scientific and technical information in this announcement has been prepared under the supervision of and reviewed and approved by EuroGeol Vaughan Williams M.Sc. P.Geo. (Principal of Aurum Exploration Services currently provides exploration services to GBML and to LRH), a "qualified person" within the meaning of National Instrument 43-101.Vaughan Williams is also company secretary of LRH.
Please see the Company's Leinster Project Overview for additional program details, in addition to the latest version of the Company's Investor Presentation available for download from the GBML website (www.gbml.ca).
Tyrus603
2 years ago
Latest DD on this one is CRAZY good! This co. is going from a market cap of $10M now to over $1B within the next year or so. Mark this post!
Michael Murphy the ceo of Global Battery Metals in 2008-09 took Gleichen Resources, a shell company, and obtained rights to the Mexican gold mine Morelos, turning Gleichen it into the Torex Gold Mining co. (TXG.to) that now has a market cap of $1.5B.
Starting with a giant pot of white gold (Lithium) in Ireland!
www.youtube.com/watch?v=9oGtu0-ElLQ
REZZF (OTC)
GBML (CAN)
Interviewer: OK, we’ve spoken about those two projects (in Ireland and Utah), so tell us in your opinion, why now might be a good moment in time to take a closer look at the company (REZZF)?
Global Battery Metals CEO Michael Murphy: That’s a really, really good question. And I like getting that one. We have spent YEARS getting to where we are now. Two, three, four years – getting the permits, doing the really grassroots research – now we’re ready to drill. Now we’re ready to demonstrate that we actually have something. So this is a culmination of a couple years’ work, in Ireland and in Utah, and now, as one of my guys said, ‘Now we’re ready for primetime.’ We actually believe we’ve got something.
My view was it wasn’t worth taking investors’ time until you were pretty confident we had something. We’re now at that stage.
Instrumentalist
4 years ago
NEWS: Global Battery Metals Corporate Update
February 8, 2021, Vancouver, British Columbia – Global Battery Metals Ltd. (the “Company” or “GBML”) (TSXV: GBML; OTCQB: REZZF; Frankfurt: REZ) today announced that over the course of the last two weeks, the Company has received approximately $1.1 million in gross proceeds from the exercise of 6,474,122 previously issued share purchase warrants and stock options.
A total of 10,665,111 warrants, each exercisable at a price of $0.15, remain outstanding, and a total of 1,168,750 warrants, each exercisable at a price of $0.24, remain outstanding.
"I am extremely pleased to report that the Company received these proceeds," commented Mr. Murphy, President and CEO. "The capital gives us increased flexibility in any other growth opportunities.”
Since insiders of the Company acquired shares through the exercise of warrants and stock options, this is considered to be a “related party transaction” pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). However, the Company is exempt from the requirements to obtain a formal valuation or minority shareholder approval in connection with the insiders’ participation in reliance of Sections 5.5(b) and 5.7(1)(a) of MI 61-101.
About Global Battery Metals Ltd.
GBML 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 two projects: (1) an option to acquire up to 90% of the North-West Leinster lithium property in Ireland, and (2) a 55% stake in Peru-based Lara copper property, which has over 10,000 metres of drilling. As previously disclosed, 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 US$5.75 million. GBML will retain a 0.75% net smelter royalty.
Michael Murphy BA, MBA, MSc., ICD
President & CEO
E: MM@gbml.ca
P: 604-649-2350
https://www.gbml.ca/02082021global-battery-metals-corporate-update
xray168
4 years ago
For a little more insight on the company and where it can go, have a look at TXG. (Torex Gold) otc TORXF.
$REZZF
Wonder where this is going? Take a look at
$TXG.CA
!
- Michael Murphy BA, MBA, MSC, ICD President/CEO/Director Prior
to joining Global Battery Metals Ltd., Mr. Murphy was the President and
Chief Executive Officer and a director of Gleichen Resources (GRL-V).
Gleichen acquired and financed the Morelos Gold Property and now
known as Torex Gold trading on the TSX under symbol TXG. He remains
on the Torex Gold board and sits on the Heath and Corporate
Responsibility Committee. Prior to Torex Mr. Murphy spent 15 years in
London in the financial services sector, with Merrill Lynch, DLJ and
Credit Suisse.
- https://static1.squarespace.com/static/5c6f00087eb88c6ba88f1639/t/601c7a7aa7f98e73c3cbff49/1612479113171/GBML-Presentation+v6.pdf
Instrumentalist
4 years ago
$REZZF Global Battery Metals - Lithium mining company with sites based in Leinster, Ireland.
The Leinster Lithium project is a hard rock spodumene bearing pegmatite project in which the company has an option to earn up to a 90% interest. Initial surveys of the site concluded lithium stream sediment recorded mostly in the 125-1000ppm range vs the 60-120ppm range for other nearby mines.
On January 21, 2021, the company was given permission by its board of directors to start drilling.
This area of land is very geopolitically stable and does not suffer the same turmoil and problems as similar land located in Africa and South America.
CEO Michael Murphy is a founder of Torex Gold (TXG-T), a 1.46Bn market cap company. Mr. Murphy was responsible for identifying the Morelos Gold asset from Teck, negotiating the sale from Teck in a very competitive environment, arranging the $240million+ financing, and was very involved in recruiting the board and management.
Shares outstanding: 42,900,839
Cash: 1,100,000
Debt: 0
Read the full company presentation here: https://static1.squarespace.com/static/5c6f00087eb88c6ba88f1639/t/601b54c94666534b7cc098e9/1612403945153/GBML-Presentation.pdf
https://www.gbml.ca/
Level up your trading with our powerful tools and real-time insights all in one place.
IAmTopG
3 years ago
StarGazer777
4 years ago
Hot Features
Premium
