High-Tech Metals Limited agreed to acquire Werner Lake Copper-Cobalt-Gold Project from Global Energy Metals Corporation and Marquee Resources Limited.

High-Tech Metals Limited entered into binding agreement to acquire Werner Lake Copper-Cobalt-Gold Project from Global Energy Metals Corporation (TSXV:GEMC) and Marquee Resources Limited (ASX:MQR) on November 1, 2022. High-Tech Metals Limited will acquire 100% ownership of Werner Lake through AUD 50,000 cash payment to GEMC and the issue of 3,250,000 fully paid ordinary shares in High-Tech shares (Shares) to the Vendors, with GEMC receiving 2,500,000 Shares and Marquee receiving 750,000 Shares. Marquee Resources also has received 300,0000 Founding Shares at a minimal cost of AUD 0.0001(AUD 30) bringing its total holding to 1,050,000 shares in HTM.

Additionally, MQR will receive 500,000 options exercisable at AUD 0.25 each and expiring three years from the HTM?s admission to the official list of the ASX. Currently MQR holds 30% of the Werner Lake Project with GEMC holding the controlling 70%. The sale is conditional on many things including HTM raising a minimum of AUD 4.5 million under the Prospectus.

Charles Thomas will represent Marquee Resources Interests as non-executive chairman and Mitchell Smith will represent GEMC?s interests as a non-executive director on the HTM board.