Charting the Lithium Landscape: CELL's 3 Key Projects Analysts are forecasting lithium to rebound. With some calling for investors to buy the dip. As highlighted in a report by McKinsey & Co the demand for lithium-ion batteries is projected to grow by about 33% annually, reaching a market size exceeding $400 billion by 2030. The article stresses the need for significant increases in lithium mining to meet the demand as the success of the lithium supply chain is crucial for achieving a sustainable and resilient battery industry.
Full report: https://www.mckinsey.com/industries/automotive-and-assembly/our-insights/battery-2030-resilient-sustainable-and-circular#/
Grid Battery Metals Inc. (Ticker: CELL.v and EVKRF) is an early-stage explorer working to meet future demand for lithium through its three Nevada-based projects. Committed to advancing its battery metal projects, CELL shows promise in the sector's future developments.
One of the company's key assets is the Texas Springs Property thought to host a lithium clay deposit. Adjacent to it, the Nevada North Lithium Project by Surge Battery Metals Inc. has shown promising results, including 8070 ppm lithium, reflecting positively on Texas Spring's prospects.
CELL also holds the Clayton Valley Lithium Project which consists of 113 lithium claims that are estimated to contain lithium-bearing volcanic ash deposits. The Volt Canyon Lithium Property, spanning 635 hectares, features sediment-hosted lithium clay targets with accessible year-round exploration.
Exploration has been limited, but surface samples from CELL's Volt Canyon show lithium concentrations up to 108 ppm Li. CELL's exploration team, partnering with Rangefront Geological, conducted on-site visits and initiated soil sampling for geological structure predictions and identifying potential lithium accumulation points. Further geophysical surveys are planned to enhance exploration efforts at Volt Canyon.
More on CELL and its projects here: https://gridbatterymetals.com/exploration-projects/
Posted on behalf of Grid Battery Metals Inc.