Grid Battery Metals Inc. V.CELL

Alternate Symbol(s): EVKRF

Metals & Mining Industrial Metals & Minerals

Grid Battery Metals Inc. is a Canada-based exploration company. The Company focuses on exploration for high-value battery metals required for the electric vehicle (EV) market. The Company owns a 100% interest in the Texas Spring Property which consists of mineral lode claims located in Elko County, Nevada. The Property is in the Granite Range southeast of Jackpot, Nevada, about 73 km north-northeast of Wells, Nevada. The target is a lithium clay deposit in volcanic tuff and tuffaceous sediments of the Humbolt Formation. The property neighbours Surge Battery Metals’ Nevada North project, which has reported results of up to 5,120 ppm. Grid Battery’s other Nevada lithium projects are Clayton Valley Lithium Project and Volt Canyon Lithium Property. Respectively, the Company owns a 100% interest in 113 lithium claims covering 640 hectares in Clayton Valley and 80 lithium claims covering 635 hectares in Monitor Valley.

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Grid Battery Metals Inc.

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Post by MarketMakersson Nov 27, 2023 7:02pm

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Post# 35755333

"Lithium supplies will not be large enough to sate demand."

"While there is a significant supply of lithium coming online in the next few years, which is weighing on prices today, many experts still believe lithium supplies will not be large enough to sate demand."

Per Reuters, the world's largest lithium producer, Albemarle, still expects global lithium demand to exceed supply by 500,000 metric tons in 2030; with other producers claiming similar projections. (Source: https://realinvestmentadvice.com/is-the-lithium-crash-a-buying-opportunity/)

Located amid this opportunity, Grid Battery Metals (CELL.v EVKRF) is continuing to emerge as a high-potential lithium supplier in targeting EV-driven demand at the source with three projects in Nevada.

Fully funded through 2024, CELL is currently exploring its Volt Canyon Lithium Project and is on track to further delineate its resources with this first phase of exploration.

Located in Monitor Valley, Volt Canyon provides a unique exploration target covering alluvial sediments believed to have been sourced from claystone deposits. Limited exploration has been conducted so far, however, surface samples from the region's NURE data have revealed up to 108ppm Li near the claim block.

Further attesting to its potential is CELL's Texas Spring Project, located directly adjacent to Surge Battery Metals (NILI.v NILIF) Nevada North Lithium Project which recently received its highest grade lithium assays to date with up to 8070 ppm lithium.

With a number of successful exits from companies they have created including NILI, CELL's management team is leveraging its knowledge of the battery metals sector to create their next big lithium winner.

Regarding its nickel project in British Columbia, CELL is planning to transfer its ownership to a wholly-owned subsidiary that is anticipated to be listed on a Canadian stock exchange in 2024.

For more information, check out CELL's feature on BNN Bloomberg: https://www.bnnbloomberg.ca/grid-battery-metals-targets-ev-driven-demand-at-the-source-supplying-essential-lithium-and-nickel-1.1998490

Posted on Behalf of Grid Battery Metals Inc.

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