CELL and the Race for EV Battery Metals The booming demand for EVs has led to increased interest in EV battery manufacturing, which in turn drives the demand for metals like lithium and nickel. Auto manufacturing companies are actively seeking downstream mineral supplies for these metals.
Grid Battery Metals Inc. (OTC: EVKRF)(TSX.V: CELL) is a company focused on the exploration of lithium and nickel, two crucial metals in the growing electric vehicle (EV) industry.
They are fully funded with $4.5 million in cash and hold 6 million shares (valued at $3.6 million) of Surge Battery Metals (TSXV: NILI), a company that has had considerable share price action after making a high-grade lithium discovery near Grid Battery Metals' Texas Spring Project.
Grid Battery Metals has detailed exploration plans, including surface sampling, geochemistry, and drilling for their lithium properties in Nevada including Texas Spring.
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