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Global Energy Metals signs agreement for royalty sale on Rana Nickel-Cobalt Project

Global Energy Metals signs agreement for royalty sale on Rana Nickel-Cobalt Project

Global Energy Metals CEO Mitchell Smith joined Steve Darling from Proactive to share news Scandinavian Resource Holdings and Global Energy Metals have created and agreed to sell to Electric Royalties a new 1% Net Smelter Royalty on four exploration licenses in the Råna Project in Norway. Smith telling Proactive this deal also includes the past-producing Bruvann Nickel mine. Smith also said Electric Royalties will issue total consideration of 2,000,000 common shares of the company and $100,000 cash payable to both companies. Smith also shared more news that the company has announced a formal earn-in and joint venture agreement with MBK Millennium for an earn-in up to an 80% interest in the Millennium Project