TSXV:CELL - Post Discussion
Post by
MarketMakerss on Feb 29, 2024 5:06pm
Western USA Mining 2024 Profile on Grid Battery Metals
Contributing to its 22% jump today, Western USA Mining 2024, a yearly publication that profiles active and successful mineral exploration companies in the region, released a profile on Grid Battery Metals (CELL.v EVKRF).
With a team that boasts a decade of experience in lithium exploration in Nevada, CELL is targeting the production of EV battery metals, particularly lithium, with three projects in the region, Clayton Valley, Texas Spring and Volt Canyon.
"Nevada's strategic location within North America offers supply chain advantages thanks to legislation like the US Inflation Reduction Act."
CELL has been actively exploring the Clayton Valley Project for several years and is poised for significant future developments as the region is renowned for its lithium extraction potential, being the sole lithium brine-producing area in North America.
Located on the southern border of Surge Battery Metal's (NILI) Nevada North Lithium Project, CELL's Texas Spring has substantial potential with results that strongly indicate that this project could evolve into a flagship property, based on its high prospect and presence of lithium deposits.
Furthermore, CELL President and CEO, Tim Fernback, was part of the team that discovered NILI's Nevada Lithium Project, attesting to his experience in both the industry and the area.
The NI 43-101 Report for Texas Spring details average lithium grades of 2010ppm and up to an impressive 5,610ppm lithium from its phase 1 exploration program.
Having recently been on-site assessing its lithium potential, further news from CELL's Volt Canyon Lithium Project is expected once he 2024 exploration season begins. Volt Canyon is located in Monitor Valley, an area that shares signature characteristics with other lithium deposits found in claystone.
Anticipating the listing of its new company in April 2024, CELL is on track to further separate its nickel and lithium properties, spinning out its nickel asset into a second publicly traded entity. This provides shareholders the advantage of an equity interest in two public companies at no additional cost.
In 2024, CELL plans to analyze the assay lab results and fine-tune its Nevada exploration plan to develop a multi-phase test drilling program with the initial phase entailing drilling five to seven holes on Texas Spring and Clayton Valley. Depending on the results, CELL may consider expanding to a 20 or 30-hole program for each property later in the year.
Regarding Volt Canyon, CELL plans to conduct additional exploration work to determine viable drill targets for both the 2024 and 2025 exploration seasons.
Having completed three financing rounds in 2023, CELL has sufficient funds for its 2024 exploration campaigns with close to US$7M in working capital.
Amid automakers reshaping mineral supply chains for EVs to secure future supplies of critical minerals, CELL is well positioned in Nevada due to its highly favourable conditions, low political risk, reliable crews and guarantee that funds raised will be directly invested in exploration.
Posted on Behalf of Grid Battery Metals Inc.
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