An ownership interest in the Nevada-based Lovelock and Treasure Box (LTB) battery minerals projects is in an accelerated phase for battery metals company Global Energy Metals Corporation (GEMC) as a result of the negotiation and entering into of an agreement with junior explorer Nevada Sunrise Gold and Primus Resources.
The agreement provides GEMC with a controlling interest over the LTB project earlier than planned in a previous earn-in agreement, empowering GEMC to explore and develop the asset in a timely and expedited manner, but without the project expenditure outlay and strict timelines originally contemplated.