Yesterday, Grid Battery Metals Inc., (Ticker: CELL.v or EVKRF for US investors) made a significant announcement regarding its Clayton Valley Lithium Project in Nevada. The company disclosed the filing of the NI 43-101 Technical Report for the Clayton Valley Lithium Project, marking a crucial step forward in the advancement of Grid Battery's exploration endeavors.
The Technical Report draws upon extensive data collected from soil samples, geophysical surveys, and drilling activities conducted on the Clayton Valley property. These efforts have been instrumental in identifying structural characteristics and target areas conducive to lithium accumulation, guiding the formulation of a comprehensive exploration strategy for 2024.
Mr. Tim Fernback, President & CEO of Grid Battery Metals Inc., expressed his satisfaction with the progress made, emphasizing the strategic importance of the forthcoming exploration program.
He highlighted the company's financial readiness, boasting approximately CAD$7 Million in treasury reserves, ensuring full funding for the ambitious exploration season ahead.
Fernback articulated his optimism regarding the potential of Clayton Valley, renowned for housing the sole operational lithium brine system in the United States and promising opportunities for lithium clay-hosted deposits.
The significance of Grid Battery's position in Clayton Valley is further underscored by its proximity to key industry players and notable projects. Situated adjacent to Albemarle Corporation's Silver Peak Lithium Project, Grid Battery's lithium claims hold substantial promise amidst Albemarle's plans for doubling lithium production by 2025.
Additionally, neighboring initiatives such as Century Lithium Corp.'s pre-feasibility study affirm the region's economic viability, bolstering Grid Battery's confidence in its strategic endeavors.
Furthermore, Nevada's recognition as the world's premier mining jurisdiction by the Fraser Institute further enhances Grid Battery's prospects in the region. Leveraging this favorable regulatory environment and geological potential, the company aims to maximize shareholder value by capitalizing on the abundant opportunities presented by Nevada's lithium-rich landscape.
Full news here: https://gridbatterymetals.com/grid-battery-metals-files-ni-43-101-technical-report-on-its-clayton-valley-lithium-project-in-nevada/
Posted on behalf of Grid Battery Metals Inc.