TSXV:CELL - Post Discussion
Post by
MarketMakerss on Nov 07, 2023 2:04pm
Lithium Supply Shortage Fears
Amidst a surge in electric vehicle market growth, which has seen a triple in size over the past 3 years, the demand for lithium-ion batteries has reached a critical juncture. This soaring demand has created a global deficit in lithium supply, necessitating the emergence of new sources to bridge the gap.
Nevada has become the epicentre of lithium production, with both Clayton Valley and Monitor Valley emerging as promising lithium-rich regions.
Currently, CELL has exploration underway at its Volt Canyon Nevada 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 several 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.
Posted on Behalf of Grid Battery Metals Inc.
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