
Global Energy Metals Highlights Advancement of Terra Balcanica's Athabasca Basin Uranium Portfolio
TheNewswire
Published: Aug 20, 2026, 06:15 AM GMT+9
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Global Energy Metals Corporation ( TSXV:GEMC | OTC:GBLEF | FSE:5GE2 ) is pleased to highlight the commencement of a significant airborne geophysical exploration program by portfolio company Terra Balcanica Resources Corp. ( CSE: TERA) and its subsidiary, Terra North Resources Corp., across the Charlot-Neely Lake uranium project in Saskatchewan ’ s Athabasca Basin. Terra North has engaged Special Projects Inc. to conduct a high-resolution combined radiometric and magnetic survey over the 163.7 km ² Charlot-Neely Lake project. The approximately three-week program will cover 2,441 line-kilometres at 75-metre line spacing and is designed to improve understanding of basement geology, identify and refine uranium-related anomalies and support the prioritization of targets for follow-up exploration and drilling. The work represents an important advancement for Terra North as it systematically evaluates its 594 km ² uranium-prospective portfolio in and around the Athabasca Basin, one of the world ’ s premier uranium-producing jurisdictions. Terra North has indicated that the airborne data will be integrated with existing geophysical information to identify target zones for ground truthing in early 2027 and assist with drill-target prioritization.
Global Energy Metals maintains exposure to this growing uranium opportunity through a 0.5% Net Smelter Return ( “ NSR ” ) royalty covering Terra North ’ s Saskatchewan uranium project portfolio, including: Charlot-Neely Lake, Fontaine Lake, South Pendleton. The Company ’ s royalty interest provides shareholders with exposure to exploration success across a sizeable land position in the Athabasca Basin without requiring Global Energy Metals to directly fund the underlying exploration expenditures. Terra North holds an option to acquire 100% interest in the Project from Fulcrum Metals Canada Ltd. subject to satisfying certain earn-in requirements.
Mitchell Smith, President and CEO, Director of Global Energy Metals commented: “ We are pleased to see Terra Balcanica and Terra North advancing systematic exploration across this highly prospective uranium portfolio. The commencement of the Charlot-Neely Lake airborne program is an important step in converting historical exploration data and regional geological information into modern, high-resolution targets that can ultimately be tested on the ground and through drilling.”
“ From Global Energy Metals ’ perspective, our 0.5% NSR royalty provides an attractive way for shareholders to participate in the potential discovery and development of uranium resources across the portfolio. With nuclear energy receiving renewed global support and uranium remaining strategically important to energy security, we believe exposure to quality uranium assets in the Athabasca Basin represents a compelling long-term opportunity.”
The Charlot-Neely Lake project is located approximately 20 kilometres north of Uranium City along the northwestern margin of Saskatchewan ’ s Athabasca Basin. Terra Balcanica reports that the project hosts approximately a dozen historical radiometric anomalies, including rock-chip ...
Source: TheNewswire
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