CELL's Lithium Ventures in Nevada's Rich Terrain Despite the current decline in lithium prices, industry insiders like Ken Brinsden believe that another round of "incredible price spikes" is imminent. Brinsden points out that the surge in lithium demand has not been matched by increased mining capacity, leading to the price fluctuations. Similar to China's experience, the Western world is witnessing the expansion of chemical capacity without an equal growth in raw material capacity, which may result in significant raw material price spikes.
Source: https://www.livewiremarkets.com/wires/incredible-lithium-price-spike-on-way-as-new-chemical-capacity-drives-demand-says-brinsden
Grid Battery Metals (ticker: CELL.v or EVKRF for US investors), led by their President and CEO Tim Fernback, is strategically positioning itself for success in the lithium sector. With a team experienced in exploring metals for electric vehicles (EVs), Grid is focusing on lithium exploration in Nevada, an area their team is well-acquainted with.
As detailed in a profile by Resource World Magazine, Grid now holds three promising lithium properties in Nevada: Texas Springs, Clayton Valley, and Volt Canyon.
The Texas Springs Property, covering 2,500 hectares, has recently completed its initial exploration phase, including soil sampling and geophysical surveys, to assess surface lithium concentrations. This project adjoins the southern boundary of Surge Battery Metals' (NILI.v) Nevada North Lithium Project, where recent findings have revealed lithium concentrations reaching as high as 8,070 parts per million.
The Clayton Valley Property, spanning 2,300 acres, sits near North America's only active lithium mine, offering the potential for both brine and clay-hosted lithium deposits. Grid's exploration efforts aim to uncover additional lithium brine reservoirs.
The Volt Canyon Lithium Property introduces a unique target, focusing on alluvial sediments believed to originate from claystone deposits, with sediment-hosted lithium clay targets. Limited exploration has returned promising lithium concentrations in the region.
Grid Battery Metals is well-funded for future exploration programs through 2024, with a treasury of $9 million, including cash and several million shares of Surge.
Furthermore, Grid is planning to create a new public company, SpinCo, for its British Columbia-based nickel properties. Shareholders will receive common shares in SpinCo, enhancing their equity interests without additional costs.
Full profile here: https://resourceworld.com/grid-battery-metals-is-staged-for-success-at-is-explores-for-lithium-in-nevada/
Posted on behalf of Grid Battery Metals Inc.