TSXV:CELL - Post Discussion
Post by
MarketMakerss on Dec 29, 2023 3:29pm
Grid's Milestone Filled Year
Achieving several goals in 2023, Grid Battery Metals (CELL.v EVKRF) had a successful year through the acquisition of new lithium properties in Nevada, completing three different equity financings, conducting substantial exploration work in Nevada as well as initiating the spin-off of its Canadian Nickel division.
With a strong financial position and cash balance of ~CAD$5M in their treasury as well as over CAD$1.5M in marketable securities on their balance sheet, CELL is fully funded for its 2024 mineral expiration season.
Positioned in an industry strongly poised for exponential growth in the long term due to lithium's key component in the production of EVs, CELL has amassed a high-potential portfolio of projects in Nevada.
As Nevada continues to rank as the #1 mining jurisdiction in the world, CELL has a strategic advantage with its Clayton Valley Lithium assets including the Texas Springs and Volt Canyon Properties, both of which were added this year.
With phase 1 exploration at Texas Springs completed, resulting in impressive average lithium grades of 2010ppm, on-trend with Surge Battery's (NILI) Nevada North Lithium project, CELL is on track to plan its next steps for the upcoming exploration season.
Further bolstering the potential, CELL's management and geological team was the original founding management team at NILI and thus discovered the Nevada North Lithium property which has up to 8070ppm Lithium.
CELL plans to update the NI 43-101 Technical Report in early 2024 for the Clayton Valley Lithium Project for a multi-phased exploration program planned on site.
CELL plans to complete the proposed soil sampling program in the new year once on the property.
Aiming to advance these projects as quickly as possible, CELL is focused on building them into long-term robust assets benefitting all shareholders.
Posted on Behalf of Grid Battery Metals Inc.
Be the first to comment on this post