Exploring Nevada's Mining-Friendly Landscape: CELL.v The popularity of Electric Vehicles (EVs) as a clean energy solution is on the rise, with global sales surpassing 10 million in 2022 and an expected 1 million EVs to be sold in the U.S. in 2023. However, the reliance on critical raw materials like lithium, copper, nickel, and cobalt for EV batteries raises Environmental Social and Governance (ESG) concerns due to their environmental and ethical implications.
https://www.accesswire.com/771470/As-ESG-Requirements-Promote-Onshoring-Of-Critical-Mineral-Mining-This-Company-With-Multiple-Projects-In-Worlds-Most-Mining-Friendly-Jurisdiction-Could-Be-One-To-Watch
The U.S. is showing interest in sourcing these minerals domestically, leading to the emergence of companies like Grid Battery Metals Inc (CELL.v EVKRF). CELL is focused on mining essential minerals like lithium and nickel, which are crucial for renewable energy solutions and are expected to see increased demand.
CELL operates multiple mining projects, including the Clayton Valley Project, Volt Canyon Project, and the expanded Texas Spring Project in Nevada. Nevada's reputation as a mining-friendly jurisdiction makes it an attractive location for the company's expansion.
Significantly, the Texas Spring location is adjacent to NILI.v's Nevada North Lithium Project, where the most recent drilling program revealed an average lithium concentration of 3254 ppm (with a cut-off of 1000 ppm).
CELL recently secured CA$3 million through a private placement, bringing its funds to CA$4.5 million in the bank and about CA$3.6 million in shares of NILI.v. This additional financing will be utilized for ongoing exploration efforts on existing mineral properties and for acquiring additional lithium exploration properties in the future.