TSXV:CELL - Post Discussion
Post by
MarketMakerss on Nov 20, 2023 7:01pm
Lithium Industry Developments
Despite spot prices decreasing, the lithium market has clear growth in the future with major developments including ExxonMobil announcing their intent to become a lithium leader. This comes on the heels of other oil and gas companies announcing their intent to move into lithium production as well.
Fully funded through 2024, CELL is currently exploring its Volt Canyon Lithium Project and is on track to further delineate its resource 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.
Posted on Behalf of Grid Battery Metals Inc.
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