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$EVKRF in the right place at the right time! #OTCQB very promising news for Lithium Americas Thacker Pass Project located near Grid Battery, which makes it only a matter of time now!
Lithium Americas Thacker Pass Project, also located in Northern Nevada along with Grid Battery Metals Texas Springs Lithium Project and the Surge Battery Metals Nevada North Lithium Project, announces in their most recent press release:
— Grid Battery Metals Inc (@GRIDBattery) March 18, 2024
Lithium Americas Receives Conditional… pic.twitter.com/PnWLTIOYkf
$EVKRF Bids Stacking. OTCQB certification makes Grid battery a member of the OTCQB® Venture Market for entrepreneurial and development stage U.S. and international companies. To be eligible, companies must be current in their reporting and undergo an annual verification and management certification process. #highertier #undervalued #lithium #OTCQB
$EVKRF - Global Business Reports Interviews Grid Battery Metals President & CEO Tim Fernback
"Grid Battery Metals has been actively exploring the Clayton Valley project for several years. This area in Nevada is renowned for its lithium extraction potential, being the sole lithium brine-producing area in North America and stands poised for significant future developments. Our other project, Texas Spring, is located on the southern border of Surge Battery Metal's Northern Nevada Lithium project, which has been gaining considerable attention now that it has completed its impressive maiden resource estimate."
Read the full interview by visiting the link below.
https://gbreports.com/interview/tim-fernback
$CELL $EVKRF
Global Business Reports Interviews Grid Battery Metals President & CEO Tim Fernback
— Grid Battery Metals Inc (@GRIDBattery) March 15, 2024
"Grid Battery Metals has been actively exploring the Clayton Valley project for several years. This area in Nevada is renowned for its lithium extraction potential, being the sole lithium…
$EVKRF .037's on ASK nearing 1M shares volume on it's way up to .10+! The future of EV batteries. Lithium Prices are Unsustainably Low only going higher #lithium stock #battery #tech. Grid Battery is quite possibly one of the exploration companies that will provide materials like #zinc or other elements to develop a new battery for EVs which releases energy but it is charged on each cycle and is NOT FLAMMABLE. http://gridbatterymetals.com https://www.greencars.com/greencars-101/the-future-of-ev-batteries
$EVKRF UPDATE! Grid Battery to begin the 2024 Exploration Program on its Clayton Valley Lithium Project
Tim Fernback, Grid President & CEO comments "This soil sampling program will take place immediately, and the CSAMT survey will begin on March 18, 2024 by experienced operator KLM Geoscience. This soil sampling together with planned geophysics and geochemistry on our #Nevada #lithium property, will allow us to select drill targets for subsequent #exploration programs later in the year. Here, we plan to select four drill locations to reach depths of 1000 ft each."
$CELL $EVKRF
Grid Battery to begin the 2024 Exploration Program on its Clayton Valley Lithium Project
— Grid Battery Metals Inc (@GRIDBattery) March 14, 2024
Tim Fernback, Grid President & CEO comments "This soil sampling program will take place immediately, and the CSAMT survey will begin on March 18, 2024 by experienced operator KLM Geoscience.… pic.twitter.com/tPdtv5IFz9
$EVKRF Heading to Dollars #lithium #Nasdaq #OTCQB
$EVKRF Tim Fernback, Grid President& CEO comments "Rangefront is a company that our geological team has successfully used several times in the past for lithium exploration work in Nevada, including work done by Surge Battery Metals. #ClaytonValley #Lithium https://finance.yahoo.com/news/grid-battery-begin-2024-exploration-113000681.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr
$EVKRF News: Grid Battery To Begin the 2024 Exploration Program on Its Clayton Valley Lithium Project
COQUITLAM, BC / ACCESSWIRE / March 13, 2024 / Grid Battery Metals Inc. (the "Company" or "Grid") (TSXV:CELL)(OTCQB:EVKRF)(FRA:NMK2) is pleased announce that it will immediately begin the 2024 Exploration Program on its Clayton Valley Lithium Project. The planned exploration program is identified in the NI 43-101 Technical Report completed by Mr. Steven McMillin P.G. filed on SEDAR+ (www.sedarplus.ca) and viewed on the Company's website at Clayton Valley Technical Report.
Clayton Valley Lithium Project
Furthermore, the Company has selected Rangefront Geological ("Rangefront") to perform both a detailed soil sampling on a 250 m X 250 m spacing and to oversee a CSAMT geophysical survey performed by KLM Geoscience. The CSAMT survey is a preferred method for identifying strata that may contain lithium brine (evidenced by low resistivity), and structures that potentially focus brine. The soil sampling will identify where subsurface brine may have reached the surface. The combination of CSAMT and geochemistry will assist the Company in determining the next steps for its 2024 exploration including the planning of a first phase drill program.
For over a decade, Rangefront has combined in-depth expertise with cutting-edge technology to provide mining consulting services, contract labor, field crew services, and vehicular support to the mining industry. With services available across North America, Rangefront will work closely with Grid to provide high-quality soil sampling and mineral exploration program tailored to the Clayton Valley Lithium project.
Tim Fernback, Grid President & CEO comments "Rangefront is a company that our geological team has successfully used several times in the past for lithium exploration work in Nevada for both Grid and other companies that we have managed in the past, including work done by Surge Battery Metals. This soil sampling program will take place immediately, and the CSAMT survey will begin on March 18, 2024 by experienced operator KLM Geoscience. This soil sampling together with planned geophysics and geochemistry on our Nevada lithium property, will allow us to select drill targets for subsequent exploration programs later in the year. Here, we plan to select four drill locations to reach depths of 1000 ft each. After this is complete, Grid plans to create a 3D model and provide an interpretation of the underground area for its shareholders."
About Rangefront Geological
Elko Nevada-based Rangefront Geological has combined in-depth expertise with cutting-edge technology to provide mining consulting services, contract labor, field crew services, and vehicular support to the mining industry. With services available across North America, Rangefront works closely with its clients to provide high-quality mineral exploration services.
About KLM Geoscience LLC
KLM Geoscience is an industry-leading, Nevada-based geophysical exploration company, established in 2014. KLM specializes in a wide array of geophysical methods. Using state of the art equipment, KLM's services include induced polarization (IP), natural-source magnetotellurics (MT, AMT), controlled-source audio-frequency magnetotellurics (CSAMT), passive seismic and magnetic potential field surveys. KLM prides itself on its safety procedures and logistical planning, which allows us to efficiently survey in difficult and technical terrain. Its head office location in Nevada allows KLM to rapidly mobilize and begin work at a moment's notice throughout the Western United States and beyond.
Qualified Person
Mr. Steven McMillin, P.G. is a Qualified Person as defined by National Instrument 43-101 and has approved the technical information contained within this news release.
About Grid Battery Metals Inc.
Grid Battery Metals Inc. is a Canadian based exploration company whose primary listing is on the TSX Venture Exchange. The Company's maintains a focus on exploration for high value battery metals required for the electric vehicle (EV) market.
www.gridbatterymetals.com.
About Texas Springs Property
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. A Phase 1 exploration program at the Texas Springs Property (Fall 2023) yielded results with average lithium grades of 2010 ppm, applying a 1,000 ppm cut-off, and up to 5,610 ppm Lithium.
The Texas Spring property adjoins the southern border of the Nevada North Lithium Project - owned by Surge Battery Metals Inc. ("Surge") (TSXV:NILI),(OTC:NILIF) and comprised of 725 mineral claims. Surge's first round of drilling identified strongly mineralized lithium bearing clays. The average lithium content within all near surface clay zones intersected in the 2022 drilling program, applying a 1000 ppm cut-off, was 3254 ppm. (Press release March 29, 2023). More recent results have shown higher grade lithium up to 8070 ppm on this property after initial drilling (Press release September 12, 2023). Our exploration results are on-trend with these results.
About Clayton Valley Lithium Project
The Company owns a 100% interest in 113 lithium lode and placer claims covering over 640 hectares in Clayton Valley. Clayton Valley is a down-dropped closed basin formed by the Miocene age Great Basin extension and is still active due to movement along the Walker Lane structural zone. As a result, the basin has preserved multiple layers of lithium bearing volcanic ash, resulting from multiple eruptive events over the past 6 million years including eruptions from the 700,000-year-old Long Valley Caldera system and related events. These ash layers are thought to contribute to the lithium brines extracted by Albemarle and are also likely involved in the formation of the exposed lithium rich clay deposits on the east side of Clayton Valley.
Volt Canyon Lithium Property
The Company owns a 100% interest in 80 placer claims covering approximately 635 hectares of alluvial sediments and clays located 122 km northeast of Tonopah, Nevada.
About the British Columbia, Nickel Projects
The Mount Sidney Williams Group consists of three claim blocks with a total area of 10,569 hectares in the area surrounding Mount Sidney Williams, both adjoining and near the Decar project of FPX Nickel Corp., located 100 kilometres northwest of Fort St. James, B.C., in the Omineca mining division. Metallic mineralization includes nickel, cobalt, and chromium. At least some of the nickel mineralization occurs as awaruite. The Mitchell Range Group area claim consists of one claim block covering 8,659 hectares with demonstrated metallic mineralization including nickel, cobalt, and chromium. Nickel cobalt mineralization has not been well explored, but the presence of awaruite has been documented. The Company's B.C. Nickel properties are held within Grid's wholly-owned subsidiary, AC/DC Battery Metals Inc.
The Company has previously announced plans to spin out its wholly-owned subsidiary, AC/DC Battery Metals Inc., finance it separately, and separately list it on the TSX Venture Exchange in 2024. This transaction once complete, will provide a valuable share dividend to each Grid Shareholder of record for no additional cost.
On Behalf of the Board of Directors
"Tim Fernback"
Tim Fernback, President & CEO
Contact Information:
Email: info@gridbatterymetals.com
Phone: 604- 428-5690
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements. It should be noted that results from any adjacent property(s) are not an indication of what may be found on the Company's property(s).
SOURCE: Grid Battery Metals Inc.
View the original press release on accesswire.com
or
https://finance.yahoo.com/news/grid-battery-begin-2024-exploration-113000681.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr via @YahooFinance
$EVKRF "Vanishing Ice and Snow: Record Warm Winter Wreaks Havoc Across US Midwest"
“This winter’s mild temperatures, a result of climate change, have wrecked plans and disrupted local economies in the region”
https://bit.ly/3THJbfz
Vanishing Ice and Snow: Record Warm Winter Wreaks Havoc Across US Midwest
— Grid Battery Metals Inc (@GRIDBattery) March 12, 2024
“This winter’s mild temperatures, a result of climate change, have wrecked plans and disrupted local economies in the region”https://t.co/dh5lXy4RUj$CELL $EVKRF #Lithium #CleanEnergy
$EVKRF Technical Report Filed for Booming EV Industry Lithium & Nickel Exploration Company; Upcoming Stock Dividend
https://www.einpresswire.com/article/693788973/technical-report-filed-for-booming-ev-industry-lithium-nickel-exploration-company-upcoming-stock-dividend-evkrf via @ein_news
$EVKRF Wells Fargo Partners with ChargePoint and EnTech to Offer Financing Solutions for EV Charging Infrastructure
Read the full article below.
https://bit.ly/48Ok7aM
Wells Fargo Partners with ChargePoint and EnTech to Offer Financing Solutions for EV Charging Infrastructure
— Grid Battery Metals Inc (@GRIDBattery) March 11, 2024
Read the full article below.https://t.co/g9xII5tjiI$CELL $EVKRF #Lithium #ElectricVehicles
$EVKRF @GRIDBattery - "Albemarle says Lithium Prices are Unsustainably Low"
“We should not lose sight of the fact that we continue to see significant long-term growth in demand for limited supply,”
https://www.mining.com/web/albemarle-lithium-prices-must-rise-to-meet-surging-demand/
#CELL #EVKRF #Lithium #ElectricVehicles #Nevada
$EVKRF .042's up now! Technical Report Filed for Booming EV Industry Lithium & Nickel Exploration Company; Upcoming Stock Dividend: $EVKRF https://www.einpresswire.com/article/693788973/technical-report-filed-for-booming-ev-industry-lithium-nickel-exploration-company-upcoming-stock-dividend-evkrf via @ein_news @GRIDBattery
$EVKRF is well-positioned and fully funded for the 2024 exploration season. "Grid Battery Metals Files NI 43-101 Technical Report on its Clayton Valley Lithium Project in Nevada"
Grid Battery Metals Files NI 43-101 Technical Report on its Clayton Valley Lithium Project in Nevada
— Grid Battery Metals Inc (@GRIDBattery) March 7, 2024
Mr. Fernback comments "The recommendation for future exploration ultimately includes a drilling program as a logical next step here on the property. The timing is good for the… pic.twitter.com/eVls5Qn187
$EVKRF - Grid Battery Metals Mr. Tim Fernback Grid President & CEO comments, ""We are happy to report the filing of the NI 43-101 Technical Report on our Clayton Valley Lithium Project." https://seekingalpha.com/pr/19645962-grid-battery-metals-files-ni-43minus-101-technical-report-on-clayton-valley-lithium-project?source=tweet #nickel #lithium #lithiumIonBattery
$EVKRF .03995 +5.13% Nice synopsis of the news!: Grid Battery Metals filed the NI 43-101 Technical Report for its Clayton Valley Lithium Project, prepared by Rangefront Geological, on March 4, 2024.
- The report outlines plans for the 2024 exploration season at the Clayton Valley Lithium Project, including geophysical survey work, soil sampling, and exploratory drilling.
- The company has approximately CAD$7.0 million in its treasury to fund the upcoming exploration activities.
- Grid Battery Metals aims to tap into the lithium potential of the Nevada region, focusing on lithium-hosted brine and claystone deposits.
- The company also owns the Texas Springs Property and the Volt Canyon Lithium Property, in addition to Nickel Projects in British Columbia.
Full press release: https://www.accesswire.com/839743/grid-battery-metals-files-ni-43-101-technical-report-on-its-clayton-valley-lithium-project-in-nevada
From the EVKRF News today: Mr. Tim Fernback Grid President & CEO comments "We are happy to report the filing of the NI 43-101 Technical Report on our Clayton Valley Lithium Project. The recommendation for future exploration ultimately includes a drilling program as a logical next step here on the property. The timing is good for the Company, and with approximately CAD$7.0 million in our treasury, we are well-positioned and fully funded for our 2024 exploration season."
Mr. Fernback continues "Clayton Valley holds the only producing lithium brine system in the United States and holds amazing potential for lithium clay-hosted deposits. Our lithium claims in Clayton Valley are bordering the Silver Peak Lithium Project of Albemarle Corporation (NYSE:ALB), home to the only producing lithium mine in North America. Previously, Albemarle Corporation announced that it will continue to invest in its Silver Peak mine in order to double lithium production by the year 2025. Another neighbour of ours to the east, Century Lithium Corp. (TSXV:LCE)(OTCQX:CYDVF), has issued a pre-feasibility study referencing a 26% after-tax internal rate of return and an NPV8 of $1.03 billion. Furthermore in May 2023, Nevada was ranked again as the #1 Mining Jurisdiction in the world by the Fraser Institute, a position it has held several times in the recent past. Our plan at Grid is to realize the potential of this area of Nevada for lithium-hosted brine and claystone for our shareholders."
https://finance.yahoo.com/news/grid-battery-metals-files-ni-123000689.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr
$EVKRF NEWS! Grid Battery Metals Files NI 43-101 Technical Report on its Clayton Valley Lithium Project in Nevada
Link: https://finance.yahoo.com/news/grid-battery-metals-files-ni-123000689.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr via @YahooFinance
$EVKRF - IEA to Launch Security Program for Minerals Critical to Energy Sector
“The International Energy Agency is launching a program to secure the supply of minerals critical to energy security, as demand rises fast while manufacturing remains in the hands of a few key producers, its executive director said on Tuesday.”
https://bit.ly/3wCo3y1
$CELL $EVKRF #Lithium #BatteryMetals #ElectricVehicles
IEA to Launch Security Program for Minerals Critical to Energy Sector
— Grid Battery Metals Inc (@GRIDBattery) March 5, 2024
“The International Energy Agency is launching a program to secure the supply of minerals critical to energy security, as demand rises fast while manufacturing remains in the hands of a few key producers, its…
$EVKRF 2024 U.S. Clean Electricity Outlook- “Battery storage is projected to grow by 82% compared to 2023 projections, while solar is projected to grow by 40%.”
https://bit.ly/3P4UaN8
$CELL $EVKRF #Lithium #ElectricVehicles
$EVKRF Opens up higher .04 +3.36% Great start to the week for Grid Battery Metals #Lithium in play!
$EVKRF "Millions of children would breathe easier across the US if the nation’s power grid depended on #CleanEnergy and more drivers made the switch to #ZeroEmission vehicles"
Check out this article: https://www.cnn.com/2024/02/21/health/electric-vehicles-air-pollution-kids $CELL $EVKRF #Lithium #EVs
According to a new report from the American Lung Association, "Hundreds of infants’ lives would be saved and millions of children would breathe easier across the US if the nation’s power grid depended on #CleanEnergy and more drivers made the switch to #ZeroEmission vehicles"…
— Grid Battery Metals Inc (@GRIDBattery) March 1, 2024
$EVKRF - The #lithium #battery industry could potentially grow fivefold by 2030, creating over $400 billion in annual revenue opportunities globally. Did you know — only a few countries, including the US, hold 81% of the world's viable lithium supply? https://elements.visualcapitalist.com/lithium-battery-value-chain/
The #lithium #battery industry could potentially grow fivefold by 2030, creating over $400 billion in annual revenue opportunities globally.
— Grid Battery Metals Inc (@GRIDBattery) February 8, 2024
Did you know — only a few countries, including the US, hold 81% of the world's viable lithium supply? https://t.co/Iw2BgLJJax
CELL.v is up 22% after announcing that it has been profiled in the Western USA Mining Report by Global Business Reports. The report showcased CELL's strategic projects like its Texas Springs Lithium Project near NILI's Nevada North Lithium Project (max Li garde found = 8070ppm)
https://gridbatterymetals.com/global-business-reports-magazine-profiles-grid-battery-metals-in-the-western-usa-mining-2024-issue/
$EVKRF .04 +7.42% #undervalued Lithium Prices will rebound and go to very high levels again. EVs are expected to make up half of new car sales worldwide by 2035, according to Goldman Sachs research. That means continued lithium demand. www.gridbatterymetals.com #lithium
$EVKRF Lithium market is seeing huge growth and demand. Projections into 2025 keep growing. Long-term investing is about buying and holding securities rather than selling at the first sign you could make some money. Long-term investing is about patience and waiting out bad cycles. You have to think about how an investment is likely to pay off down the road.
NEWS: Global Business Reports Magazine Profiles Grid Battery Metals in the Western USA Mining 2024 Issue
Thursday, 29 February 2024 10:30 AM
Company Update
COQUITLAM, BC / ACCESSWIRE / February 29, 2024/ Grid Battery Metals Inc. (the "Company" or "Grid Battery") (TSXV:CELL)(OTCQB:EVKRF)(FRA:NMK2) announces that Global Business Reports, a respected industry news writer and editorial author, has profiled Grid Battery Metals Inc. in its latest issue of the Western USA Mining 2024, profiling active and successful mineral exploration companies in this region.
The interview and corporate profile can be found by accessing the following weblink, Global Business Reports, Western USA Mining 2024.
The article includes commentary by Grid's CEO Mr. Tim Fernback, a discussion of Grid's current lithium exploration programs in Nevada, its impressive corporate balance sheet and cash balance, and the company's overall focus for 2024.
About Global Business Reports
Headquartered in Singapore and with offices in Istanbul, Global Business Reports ("GBR") was established in 2001 in order to provide first-hand information for global business decision makers. In an age where cross boundary trade and investment are driving factors for businesses, information is crucial. Precise sectorial reports help companies understand and expand their markets, improve their sourcing chain, target their investments and discover the trends affecting their industry around the world.
GBR provides in-depth analyses and up-to-date insights into all aspects of the mining, energy, chemicals and life sciences industries globally. Our research includes face-to-face meetings with the main protagonists in the field to form an accurate picture of the actual situation on the ground.
The Western USA Mining 2024 Report looks at copper, lithium, uranium, rare earth, and other minerals are in-demand commodities and prevalent in Western USA. From northern Alaska to southern Arizona, the Western USA boasts rich reserves of these minerals. The world is in a race towards a more green and electrified future, and these metals have become a focal point in global discussion, being designated by many nations as "critical," resembling oil in terms of their geopolitical significance. Nations worldwide are after self-sufficiency and reducing reliance on foreign sources; the US is no exception.
With approximately 110 interviews conducted with government authorities, associations, and key C-level executives across the mining value chain, GBR's Western USA Mining 2024 report offers a comprehensive overview of the current state of the mining industry. This report aims to provide readers with on-the-ground insights, allowing them to understand how the past has shaped today's US mining industry and what industry leaders hope for the future.
About Grid Battery Metals Inc.
Grid Battery Metals Inc. is a Canadian based exploration company whose primary listing is on the TSX Venture Exchange. The Company's maintains a focus on exploration for high value battery metals required for the electric vehicle (EV) market. www.gridbatterymetals.com.
About Texas Springs Property
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. A Phase 1 exploration program at the Texas Springs Property (Fall 2023) yielded results with average lithium grades of 2010 ppm, applying a 1,000 ppm cut-off, and up to 5,610 ppm Lithium.
The Texas Spring property adjoins the southern border of the Nevada North Lithium Project - owned by Surge Battery Metals Inc. ("Surge") (TSXV:NILI)(OTCQX:NILIF) and comprised of 725 mineral claims. Surge's first round of drilling identified strongly mineralized lithium bearing clays. The average lithium content within all near surface clay zones intersected in the 2022 drilling program, applying a 1000 ppm cut-off, was 3254 ppm. (Press release March 29, 2023). More recent results have shown higher grade lithium up to 8070 ppm on this property after initial drilling (Press release September 12, 2023). Our exploration results are on-trend with these results.
About Clayton Valley Lithium Project
The Company owns a 100% interest in 113 lithium lode and placer claims covering over 640 hectares in Clayton Valley. Clayton Valley is a down-dropped closed basin formed by the Miocene age Great Basin extension and is still active due to movement along the Walker Lane structural zone. As a result, the basin has preserved multiple layers of lithium bearing volcanic ash, resulting from multiple eruptive events over the past 6 million years including eruptions from the 700,000-year-old Long Valley Caldera system and related events. These ash layers are thought to contribute to the lithium brines extracted by Albemarle and are also likely involved in the formation of the exposed lithium rich clay deposits on the east side of Clayton Valley.
Volt Canyon Lithium Property
The Company owns a 100% interest in 80 placer claims covering approximately 635 hectares of alluvial sediments and clays located 122 km northeast of Tonopah, Nevada.
About the British Columbia, Nickel Projects
The Mount Sidney Williams Group consists of three claim blocks with a total area of 10,569 hectares in the area surrounding Mount Sidney Williams, both adjoining and near the Decar project of FPX Nickel Corp., located 100 kilometres northwest of Fort St. James, B.C., in the Omineca mining division. Metallic mineralization includes nickel, cobalt, and chromium. At least some of the nickel mineralization occurs as awaruite. The Mitchell Range Group area claim consists of one claim block covering 8,659 hectares with demonstrated metallic mineralization including nickel, cobalt, and chromium. Nickel cobalt mineralization has not been well explored, but the presence of awaruite has been documented.
On Behalf of the Board of Directors
"Tim Fernback"
Tim Fernback, President & CEO
Contact Information:
Email: info@gridbatterymetals.com
Phone: 604- 428-5690
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements. It should be noted that results from any adjacent property(s) are not an indication of what may be found on the Company's property(s).
SOURCE: Grid Battery Metals Inc.
$EVKRF News: Global Business Reports Magazine Profiles Grid Battery Metals in the Western USA Mining 2024 Issue
COQUITLAM, BC / ACCESSWIRE / February 29, 2024/ Grid Battery Metals Inc. (the "Company" or "Grid Battery") (TSXV:CELL)(OTCQB:EVKRF)(FRA:NMK2) announces that Global Business Reports, a respected industry news writer and editorial author, has profiled Grid Battery Metals Inc. in its latest issue of the Western USA Mining 2024, profiling active and successful mineral exploration companies in this region.
The interview and corporate profile can be found by accessing the following weblink, Global Business Reports, Western USA Mining 2024.
The article includes commentary by Grid's CEO Mr. Tim Fernback, a discussion of Grid's current lithium exploration programs in Nevada, its impressive corporate balance sheet and cash balance, and the company's overall focus for 2024.
About Global Business Reports
Headquartered in Singapore and with offices in Istanbul, Global Business Reports ("GBR") was established in 2001 in order to provide first-hand information for global business decision makers. In an age where cross boundary trade and investment are driving factors for businesses, information is crucial. Precise sectorial reports help companies understand and expand their markets, improve their sourcing chain, target their investments and discover the trends affecting their industry around the world.
GBR provides in-depth analyses and up-to-date insights into all aspects of the mining, energy, chemicals and life sciences industries globally. Our research includes face-to-face meetings with the main protagonists in the field to form an accurate picture of the actual situation on the ground.
The Western USA Mining 2024 Report looks at copper, lithium, uranium, rare earth, and other minerals are in-demand commodities and prevalent in Western USA. From northern Alaska to southern Arizona, the Western USA boasts rich reserves of these minerals. The world is in a race towards a more green and electrified future, and these metals have become a focal point in global discussion, being designated by many nations as "critical," resembling oil in terms of their geopolitical significance. Nations worldwide are after self-sufficiency and reducing reliance on foreign sources; the US is no exception.
With approximately 110 interviews conducted with government authorities, associations, and key C-level executives across the mining value chain, GBR's Western USA Mining 2024 report offers a comprehensive overview of the current state of the mining industry. This report aims to provide readers with on-the-ground insights, allowing them to understand how the past has shaped today's US mining industry and what industry leaders hope for the future.
About Grid Battery Metals Inc.
Grid Battery Metals Inc. is a Canadian based exploration company whose primary listing is on the TSX Venture Exchange. The Company's maintains a focus on exploration for high value battery metals required for the electric vehicle (EV) market. www.gridbatterymetals.com.
About Texas Springs Property
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. A Phase 1 exploration program at the Texas Springs Property (Fall 2023) yielded results with average lithium grades of 2010 ppm, applying a 1,000 ppm cut-off, and up to 5,610 ppm Lithium.
The Texas Spring property adjoins the southern border of the Nevada North Lithium Project - owned by Surge Battery Metals Inc. ("Surge") (TSXV:NILI)(OTCQX:NILIF) and comprised of 725 mineral claims. Surge's first round of drilling identified strongly mineralized lithium bearing clays. The average lithium content within all near surface clay zones intersected in the 2022 drilling program, applying a 1000 ppm cut-off, was 3254 ppm. (Press release March 29, 2023). More recent results have shown higher grade lithium up to 8070 ppm on this property after initial drilling (Press release September 12, 2023). Our exploration results are on-trend with these results.
About Clayton Valley Lithium Project
The Company owns a 100% interest in 113 lithium lode and placer claims covering over 640 hectares in Clayton Valley. Clayton Valley is a down-dropped closed basin formed by the Miocene age Great Basin extension and is still active due to movement along the Walker Lane structural zone. As a result, the basin has preserved multiple layers of lithium bearing volcanic ash, resulting from multiple eruptive events over the past 6 million years including eruptions from the 700,000-year-old Long Valley Caldera system and related events. These ash layers are thought to contribute to the lithium brines extracted by Albemarle and are also likely involved in the formation of the exposed lithium rich clay deposits on the east side of Clayton Valley.
Volt Canyon Lithium Property
The Company owns a 100% interest in 80 placer claims covering approximately 635 hectares of alluvial sediments and clays located 122 km northeast of Tonopah, Nevada.
About the British Columbia, Nickel Projects
The Mount Sidney Williams Group consists of three claim blocks with a total area of 10,569 hectares in the area surrounding Mount Sidney Williams, both adjoining and near the Decar project of FPX Nickel Corp., located 100 kilometres northwest of Fort St. James, B.C., in the Omineca mining division. Metallic mineralization includes nickel, cobalt, and chromium. At least some of the nickel mineralization occurs as awaruite. The Mitchell Range Group area claim consists of one claim block covering 8,659 hectares with demonstrated metallic mineralization including nickel, cobalt, and chromium. Nickel cobalt mineralization has not been well explored, but the presence of awaruite has been documented.
On Behalf of the Board of Directors
"Tim Fernback"
Tim Fernback, President & CEO
Contact Information:
Email: info@gridbatterymetals.com
Phone: 604- 428-5690
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements. It should be noted that results from any adjacent property(s) are not an indication of what may be found on the Company's property(s).
SOURCE: Grid Battery Metals Inc.
$EVKRF Opens up higher .0382 +2.69% as #lithium Demand is growing. A worldwide lithium shortage could come as soon as 2025 https://www.cnbc.com/2023/08/29/a-worldwide-lithium-shortage-could-come-as-soon-as-2025.html#:~:text=The%20world%20produced%20540%2C000%20metric%20tons%20of%20lithium,to%20skyrocket%20to%20over%2030%20million%20by%202030. @CNBCFastMoney @GRIDBattery
Our team recently completed the Phase 1 exploration of the Texas Springs Property in fall 2023 which included both a CSAMT geophysical survey and a detailed soil sampling on a 50 m X 100 m spacing. Results were impressive and on-trend with the results found at the Surge Battery Metals Inc. ("Surge") (TSXV: NILI, OTC: NILIF) Nevada North Lithium Property that adjoins the Texas Spring Property to the north. Our Phase 1 Exploration results included average grades of 2010 ppm, (applying a 1,000 ppm cut-off), and up to an impressive 5,610 ppm. Lithium.
Grid President & CEO states "Now that our team has completed the recent site visit of Clayton Valley Lithium Project in Nevada, we have a clearer understanding of what Grid needs to accomplish for the 2024 mineral exploration season. We are excited to offer a summary of what our team has determined as next steps for each of our three lithium property prospects in Nevada."
$EVKRF
EVKRF #lithium "Does the world have enough lithium to move to electric vehicles?"
Read the full article below.
https://sustainabilitybynumbers.com/p/lithium-electric-vehicles
$CELL $EVKRF #Lithium #ElectricVehicles #CleanEnergy #Nevada
Does the world have enough lithium to move to electric vehicles?
— Grid Battery Metals Inc (@GRIDBattery) February 28, 2024
Read the full article below. https://t.co/1SuwXMEOFD$CELL $EVKRF #Lithium #ElectricVehicles #CleanEnergy #Nevada
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Urgent! Harbinger Research target indicates 193% potential upside for Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL).
3028 Quadra Court
Coquitlam, BC V3B 5X6
Canada
3028 Quadra Court
Coquitlam, BC V3B 5X6
Canada
Tesla, Inc. (Nasdaq: TSLA), the world’s leading electric vehicle manufacturer, recently announced a major expansion of its Nevada assembly plant, with a substantial investment in the production of a new type of battery cell and a dedicated factory for its Semi truck. The company plans to invest $3.6 billion in a plant dedicated to manufacturing 4680 lithium-ion cells and a facility for producing the Tesla Semi. (5)
As the demand for battery metals like lithium continues to soar, companies like Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) are poised to benefit from this growing market.(15)
Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL), with its focus on exploration and acquisition of battery metals required for the EV market, stands as one battery metals exploration company to keep a close eye on.
As of the company’s financial statements dated June 30, 2023, the company had working capital of CAD$7,217,014 (approximately USD$5.26 million as of the exchange rate on Oct 3, 2023). The company has more recently mentioned on September 13, 2023, that it had approximately CAD$5 million / USD$3.6 million in unallocated working capital to carry out their portfolio of lithium and nickel projects.
Grid Battery Metals (OTCQB: EVKRF) (TSXV: CELL) received a total of six million shares of Surge Battery Metals (OTCQX: NILIF) (TSXV: NILI) as part of a transaction that involved the sale of some non-core nickel assets to Surge and formally closed on June 14, 2023. The company intends to sell these shares over time to bolster its cash position and will continue to disclose the value of the remaining equity holdings on its balance sheet each fiscal quarter. At the October 3, 2023 close of the market, Surge shares were valued at CAD$0.98/share on the TSXV.
Grid Battery Metals (OTCQB: EVKRF) (TSXV: CELL) has a diversified portfolio of lithium and nickel exploration targets located in mining friendly jurisdictions of Nevada and British Columbia, Canada. This year the state of Nevada was determined to be the most attractive jurisdiction for mining investment in the world because of its mining-friendly regulations, investment climate, carbon neutral hydro electricity grid and skilled labor force.
Grid Battery Metals (OTCQB: EVKRF) (TSXV: CELL) has acquired a key lithium exploration property that adjoins the southern border of the Nevada North Lithium Project owned by Surge Battery Metals (OTC: NILIF) (TSXV:NILI). (3) The Surge Battery Metals discovery totals 303 mineral claims and has identified strong mineralized lithium bearing clays with an average lithium content of 3254 ppm. (30) As mentioned earlier, the Grid Battery Metals management and exploration team founded Surge Battery Metals and is responsible for this discovery in Northern Nevada.
Grid Battery Metals (OTCQB: EVKRF) (TSXV: CELL) has announced plans to finance and list its subsidiary ("SpinCo"), on the TSX Venture Exchange (TSXV). As part of the arrangement, Grid will transfer ownership of its nickel property in British Columbia to SpinCo in exchange for 9,229,040 common shares, which will be distributed as a share dividend to Grid shareholders, with the intention of seeking a TSXV listing for SpinCo (Subject to Exchange and Shareholder approval).
With an evident surging demand for EV Battery Metals, in addition to Biden’s Inflation Reduction Act, which pushes for more North American sources of battery metals, Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) aligns its operations with these prevailing industry dynamics.
Backed by a seasoned management team and knowledgeable advisors specializing in mineral exploration, development, and capital acquisition, Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL)
is one to watch closely.
The management team at Grid Battery Metals was also the founding management team of Surge Battery Metals and is very experienced in Nevada-based lithium exploration for over a decade. The Company’s Texas Springs Lithium Property adjoins the Surge Nevada North Lithium Property to the south and Surge has disclosed lithium values of over 8,000 ppm on this property as of October 3, 2023 and continues to drill for additional results. Most recently disclosing lithium results up to 5,820 ppm Lithium on September 26, 2023. As of the September 20, 2023, the company announced that it had completed the Phase 1 Exploration of its the Texas Springs Lithium Project, with results pending from the assay lab.
Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) is making waves in the battery metals market, and its recent feature in a BNN Bloomberg article further highlights its strategic position in meeting the growing demand for lithium and nickel. As Canada’s definitive source for business news, BNN Bloomberg recognizes the company’s importance in the transition to cleaner energy alternatives and the burgeoning electric vehicle (EV) industry.
Electric vehicle sales have been booming, with approximately 10 million EVs sold in 2022, and projections suggesting that this number could reach a staggering 14 million in 2023. This growth is indicative of a broader trend toward sustainable transportation and clean energy solutions, driven by concerns about climate change and the need to reduce carbon emissions.
The demand for clean energy sources has given rise to increased interest in advanced battery technologies. These batteries are crucial for storing renewable energy, powering EVs, and providing reliable, sustainable power sources for various applications. To meet these demands, essential minerals like lithium, nickel, cobalt, manganese, and graphite are vital components of battery performance, longevity, and energy density.
Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) has strategically positioned itself as a pioneer in the battery metals market with a primary focus on lithium and nickel. The company holds promising properties in both the United States and Canada, making it well-suited to meet the growing demand for these critical minerals.
Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) is actively exploring lithium deposits in Nevada, a region known for its mining-friendly environment. The company’s lithium properties include the Texas Spring lithium property, the Volt Canyon lithium property, and the Clayton Valley lithium property. These properties comprise a series of mineral lode claims with the primary goal of uncovering valuable lithium clay deposits.
Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL)’s optimism about the Texas Spring property is bolstered by its proximity to the Nevada North Lithium Project, where lithium-rich clay deposits have been successfully identified. This connection is further emphasized by the fact that key founders and members of Surge Battery Metals Inc.’s geological team are also part of Grid’s founding management team. (52)
Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) has a significant presence in British Columbia with its nickel projects. The company plans to transfer its ownership of these projects to a wholly-owned subsidiary, which is anticipated to be listed on a Canadian stock exchange in 2024. These projects encompass multiple claim blocks in the vicinity of Mount Sidney Williams and FPX Nickel Corp’s Baptiste deposit, a project recognized as one of the world’s top nickel projects. (52)
Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) aims to spin off its subsidiary focused on nickel exploration to give it dedicated resources and attention. Shareholders of Grid will receive an equity bonus and proportionate shareholding in this new public entity, effectively providing them with an opportunity to invest in the rising global demand for nickel.
Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) is in a strong financial position with more than $5 million in unallocated working capital, allowing the company to be selective in choosing partners and projects. The company has plans and funding in place for exploration in both 2023 and 2024, with ongoing Phase 1 testing at its Texas Spring property in Nevada. (52)
In the interview, which can be viewed above, Tim Fernback explained that the move to list its subsidiary, which will house the BC nickel project, on the CSE will enable the company to allocate dedicated resources to both its lithium and nickel assets, ultimately expediting their development. This strategic decision is driven by Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL)’s desire to nurture and advance both its lithium and nickel projects without compromising the potential of either.
One of the key takeaways from this separation is that it will allow the company to focus on each project’s specific needs and accelerate their respective development timelines. Fernback highlighted the addition of several lithium projects to the company’s portfolio, emphasizing their commitment to not overshadow their promising nickel assets.
The British Columbia-based nickel project, in particular, holds significant potential. By ensuring the project’s proper development, Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) aims to capitalize on its prime location and valuable properties.
For Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV:CELL) shareholders, this development represents a unique opportunity. They will receive shares, at no additional cost to them, in the newly created subsidiary that is planned to be publicly listed on the CSE. This means that shareholders can potentially benefit from the growth and success of two distinct public trading companies without any additional cost.
Tim Fernback’s positive outlook for the company’s future was evident during the interview. He emphasized the company’s fruitful year, marked by the addition of new projects to its portfolio and the diligent effort to bring them to resource calculation.
Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL)’s decision to separate its lithium and nickel projects into separate entities listed on the CSE reflects a strategic approach to unlock the full potential of its valuable resources. By allowing for specialized focus and dedicated resources for each project, the company is positioning itself for accelerated development and value creation.
The key to Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL)’s promising future lies in its management team’s extensive expertise in the battery metals sector. Collectively, they boast over a decade of experience exploring metals crucial for electric vehicle (EV) production. Notably, the team has a track record of creating and exiting successful companies, including Surge Battery Metals, where they played a pivotal role in discovering the Nevada North Lithium Project, yielding lithium results of up to 8,070 parts per million.
Grid’s President and CEO, Tim Fernback, emphasized the team’s expertise, stating, “Grid’s management and geological team has been actively exploring for EV battery metals in Nevada for over a decade, and we have been very successful in finding and funding new lithium discoveries.” (50)
Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) boasts a robust treasury of $9 million, comprising cash and shares in other public companies, including a substantial position in Surge. This financial stability ensures that Grid’s future exploration programs are fully funded through the end of 2024.
Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) is taking strategic steps to create additional shareholder value, including plans to create a new public company called SpinCo, which will own the British Columbia-based nickel property. Shareholders will benefit from this initiative, receiving equity interest in SpinCo without additional costs.
Tim Fernback reiterated the company’s commitment to shareholders, saying, “As a management team, we are singularly focused on creating shareholder value. Every move we make takes shareholder value into account.” (50)
With the recent feature in Resource World Magazine and the spin-off of its British Columbia-based nickel property underway, Grid Battery Metals can concentrate its efforts on following up on the success it has achieved in exploring lithium in Nevada. With a proven track record, financial stability, and an unwavering focus on creating shareholder value, Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) is well-positioned for a bright future in the battery metals sector. (50)
In a recent exclusive interview with Small Cap Voice, Tim Fernback, the CEO of Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL), discussed the exciting prospects of nickel and lithium in the rapidly expanding electric vehicle (EV) and battery sectors. Grid Battery Metals, a pioneering company strategically positioned in the battery metals market, has made nickel and lithium its primary focus to capitalize on the soaring demand for EVs and battery technologies in the transition towards sustainable energy solutions. (39)
During the interview, Tim Fernback shared insights on the vital role of nickel and lithium in advancing clean energy technologies, highlighting the company’s four projects: Texas Spring, Clayton Valley, Volt Canyon, and Grid Nickel with the latter located near FPX. The discovery of an abundance of awaruite, a naturally occurring nickel-iron alloy, in the Grid Nickel project has further enhanced the company’s potential in the environmentally efficient battery manufacturing sector for electric vehicles. (39)
Tim also discussed the company’s recent shareholder update, outlining key highlights such as the completion of a nickel project in British Columbia and the initiation of lithium projects in Texas Spring and Volt Canyon, both situated in Nevada. The company aims to be prepared for the 2024 drilling season, signaling a proactive approach to meeting the growing market demand. (39)
Addressing financial matters, Tim Fernback reassured investors by affirming the company’s strong balance sheets, with over $4.5 million in cash-related working capital. The company also benefited from additional capital through the sale of property to their partner, Surge Battery Metals. (39)
To hear more about Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL)’s vision, strategic projects, and sustainable practices, click the video above to replay the insightful interview between Tim Fernback and Stuart Smith. Discover how Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) is poised to lead the way in the dynamic world of battery metals and contribute to the global shift towards clean and renewable energy solutions (39)
Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) benefits from the expertise of the founding team of Surge Battery Metals, a company that has experienced remarkable growth, with its market capitalization expanding 16-fold in just 13 months. Drawing from their success at Surge, this experienced team is dedicated to replicating their achievements at Grid. Their track record instills confidence in the company’s future prospects.
Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) is unveiling a world of exciting possibilities within the thriving battery metals sector, positioning itself as a compelling area of exploration for researchers. (15) With the electric vehicle battery market projected to reach a staggering $276.40 billion by 2030, the demand for battery metals is skyrocketing. (15)
Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) is well-positioned to capitalize on this upward trend, emerging as a leading company in this transformative industry. (15)
Through its partnerships and exploration projects, Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) is actively working towards shaping the future of the EV market and driving the transition to a greener and more sustainable world.(15)
In addition to the increasing global demand for EV Battery Metals, in August 2022, U.S. President Joseph Biden signed the Inflation Reduction Act (IRA), which actively encourages electric vehicle manufacturers to expand production and sourcing in North America. The IRA will provide billions of dollars in grants, loan programs and other investments for clean energy projects. Furthermore, requirements include EV battery materials “must not have been ’extracted, processed, or recycled by a foreign entity of concern’ which includes China and Russia,” and by 2029, 100% of battery manufacturing must take place in North America. (32)
Nevada: A Mining Paradise
Nestled in the heart of the United States, Nevada boasts a long and illustrious history of successful mining ventures. With its supportive regulatory environment, developed mining infrastructure, and favorable geology, the state offers an ideal platform for companies seeking to capitalize on valuable mineral resources.
The Fraser Institute: Assessing Mining Policies
The Fraser Institute, a renowned Canadian research organization, plays a crucial role in evaluating jurisdictions worldwide to measure their investment attractiveness in the mining sector. Their annual survey collects data from exploration companies and assesses factors such as taxation, regulatory uncertainty, and infrastructure quality.
Nevada’s Top Ranking
In the Fraser Institute’s 2022 survey, Nevada secured the top position in the Investment Attractiveness Index, rising from third place the previous year. This recognition reinforces the state’s appeal as a premier mining destination. Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) aims to leveraged Nevada’s advantages to further its own success.
Nevada: Pioneering Sustainability
Nevada’s commitment to responsible mining practices has made it an ideal location for companies focused on sustainable energy solutions. As the global electric vehicle market surges, the demand for lithium-ion batteries escalates, making Nevada a prime destination for lithium exploration and development. (37) Nevada’s status as a top mining jurisdiction continues to draw the attention of companies seeking to harness its abundant mineral resources. Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL), guided by the Fraser Institute’s assessment of Nevada’s mining policies, has found tremendous success as a lithium explorer in this resource-rich state. With a focus on sustainability and responsible mining practices, Nevada stands as the epitome of mining investment in North America.
The newly acquired property, known as the Texas Springs Property, is situated in the Granite Range southeast of Jackpot, Nevada. It encompasses mineral lode claims within the Humbolt Formation and holds promising potential for lithium exploration. Specifically, the target is a lithium clay deposit found in volcanic tuff and tuffaceous sediments.
Located in close proximity to the renowned Silver Peak Lithium Project of Albemarle Corporation, which hosts the only active lithium mine in North America, Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) is embarking on an exciting lithium exploration and development project in Clayton Valley.
Clayton Valley is known for its lithium resources, which exist in two primary forms: underground reservoirs known as aquifers, containing saline groundwater or brine, and montmorillonite clays with high lithium content. Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) has set its sights on identifying commercially significant groundwater deposits enriched with dissolved lithium in their Clayton Valley project, located near Tonopah, Nevada.
The property shows promising signs of hosting lithium brine deposits within favorable geological horizons found within the basin fill. Additionally, there is potential for lithium-enriched clay deposits within the fill package and in previous high stands of the playa, further enhancing the project’s prospects.
Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) is committed to exploring these potential lithium resources in Clayton Valley, leveraging the knowledge and experience gained from the nearby Silver Peak Lithium Project. With a focus on sustainable energy solutions and the growing demand for lithium in various industries, this project holds great promise for the company’s future endeavors. (21)
As the exploration and development efforts unfold, Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) aims to uncover the full potential of Clayton Valley’s lithium resources, contributing to the expanding lithium market and the pursuit of greener energy alternatives.
Property holds significant promise. The Grid Battery Metal team plans to continue to explore this property for lithium mineralization in 2023.
In a recent exclusive interview with SmallCapVoice.com Inc., Tim Fernback, the CEO of Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL), offered valuable insights into the booming nickel and lithium markets and their vital roles in the rapidly expanding electric vehicle (EV) and battery sectors. As the world makes a significant shift towards sustainable energy solutions, the demand for electric vehicles and energy storage systems is on the rise. Grid Battery Metals, a forward-thinking company, is strategically positioning itself within this dynamic landscape, with a strong focus on nickel and lithium. (40)
Riding the Wave of EV and Battery Industry Growth
The electric vehicle revolution is gaining momentum, and as it does, the demand for key battery metals such as nickel and lithium is projected to soar over the next decade. Tim Fernback highlighted the pivotal roles that these metals play in advancing EV and battery technologies. Nickel is crucial for high-energy-density batteries, while lithium is an integral component of lithium-ion batteries that power EVs and various electronic devices. Grid Battery Metals is seizing the opportunity presented by this surging demand, centering its efforts on these essential battery metals.
The Strategic Partnership with Surge Battery Metals
During the interview, Tim Fernback shed light on the strategic partnership between Grid Battery Metals and Surge Battery Metals. This partnership amplifies Grid Battery Metals’ capabilities and expands its reach within the battery metals sector. The collaboration with Surge Battery Metals strengthens the company’s position as it navigates the complex landscape of nickel and lithium exploration and production.
Pioneering Leadership and Vision
Under Tim Fernback’s visionary leadership, Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) has emerged as a prominent player in the battery metals market. By zeroing in on nickel and lithium, the company is well-prepared to meet the growing demand for these metals, which are fundamental to the future of the EV and battery industries. Grid Battery Metals boasts a portfolio of four projects—Texas Spring, Clayton Valley, Volt Canyon and Grid Nickel. Notably, the nickel project is located near FPX Nickel Corp. Of particular interest is the Grid Nickel project, which boasts a significant presence of awaruite, a naturally occurring nickel-iron alloy. Awaruite is of paramount importance in the production of environmentally efficient batteries for the global electric vehicle market.
Strategic Goals and Future Outlook
Tim Fernback elaborated on the company’s goals and provided insights into a recent shareholder update. The update highlighted key achievements, including the completion of a nickel project in British Columbia and the initiation of a lithium project at the Texas Spring and Volt Canyon locations in Nevada. The company aims to be well-prepared for the 2024 drilling season as it continues to make strides in the battery metals sector.
Financial Strength and Sustainability
Addressing the company’s financial position, Tim Fernback emphasized that Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) is well-funded, having recently completed two financings that have bolstered its cash-related working capital. With over $4.5 million on the balance sheet, the company is equipped to drive its operations forward. Additionally, Tim mentioned the injection of capital from the sale of property to Surge Battery Metals, further enhancing the company’s financial strength.
Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) is at the forefront of the battery metals market, with a visionary CEO, a strategic partnership, and a portfolio of projects that position the company to capitalize on the booming nickel and lithium markets.
As the world embraces the electrification of transportation and renewable energy solutions, Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) is poised to play a pivotal role in shaping the future of battery technologies and sustainable energy. With a commitment to innovation, strategic partnerships, and financial strength, the company is primed to lead the way in the EV revolution.
Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL), an emerging player in the battery metals sector, owes much of its success to the expertise and leadership of its exceptional management team. With years of experience and a deep understanding of the industry, these individuals are instrumental in driving the company forward and capitalizing on emerging opportunities. Let’s take a closer look at the bios of the key members of the management team:
MANAGEMENT TEAM:
Tim Fernback – President & CEO
Tim Fernback is a highly experienced professional with over 30 years of financing public and private companies in Canada. Holding a Bachelor of Science (B.Sc.) degree from McMaster University and a Master of Business Administration (MBA) with a concentration in Finance from the University of British Columbia, Fernback possesses a strong educational background. He also holds a Certified Professional Accounting (CPA, CMA) designation in Canada, further attesting to his financial expertise. Currently serving as a director for several publicly traded companies in Canada, Fernback brings a wealth of knowledge and strategic acumen to his role as President & CEO of Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL).
Robert Guanzon – CFO
Robert Guanzon serves as the Chief Financial Officer of multiple junior resource companies listed on the TSXV. With a Bachelor of Science degree in Accounting, Guanzon brings extensive experience in handling financial and accounting matters, as well as corporate strategy. His keen financial acumen and attention to detail contribute to the efficient management of the company’s finances, ensuring sustainable growth and profitability.
Tina Whyte – Corporate Secretary
Tina Whyte is a seasoned professional with over 20 years of experience in the corporate and securities industry. Her expertise spans various areas, including corporate governance, continuous disclosure, financing transactions, and regulatory filings and compliance. In addition to her role at Grid Battery Metals Inc., Whyte holds corporate secretary positions with other publicly listed companies. Her meticulous approach to compliance and governance ensures that the company operates with transparency and integrity.
Seth Cude – Geological Advisor
Seth Cude graduated from Western Kentucky University in 2008 with a B.S. in geology, he embarked on a global career evaluating resource deposits across 16 different countries. His expertise spans an array of materials, from sand and gravel to limestone, shale, clay, porphyry skarns, and epithermal veins. He holds licenses and certifications, including being a licensed professional geologist in Kentucky, a Certified Professional Geologist with the American Institute of Professional Geologists, and a Registered Member of the Society of Mining, Metallurgy, and Exploration.
Furthering his education with a Masters of Soil Science from the University of Wyoming in 2013, Mr. Cude delved into soil analysis. His career evolved into resource modeling, collaborating with engineers to convert resources into reserves, and conducting due diligence reviews for major commercial mergers. He became an expert in geology and resource reporting, contributing significantly to technical reports for public disclosure.In 2022, Mr. Cude joined Rangefront Mining Services, focusing on Qualified Person services for lithium exploration and an array of mining projects. His expertise extends to diverse areas such as gold and silver deposits, underground exploration, Carlin-style mineralization, limestone, dolomite ore bodies, and exploration planning.
Jeremy Hanson – Geological Advisor
Jeremy Hanson, an experienced geoscientist, boasts more than 10 years of expertise in mineral exploration across various regions in British Columbia and Western Canada. Currently he holds influential roles as the director with the Smithers Exploration Group and serves as the VP Exploration and Director at Garibaldi Resources Corp. He also serves as the President & VP Exploration at Hardline Exploration Corp. Jeremy is characterized by his strategic approach to every project and possesses extensive geological knowledge with a proven track record with various nickel projects over the years.
The management team at Grid Battery Metals Inc. is united by a shared vision for success in the battery metals industry. Each member brings a unique set of skills and experiences, working together to drive the company’s growth, innovation, and market presence. With their exceptional leadership, Grid Battery Metals Inc. is well-positioned to navigate the evolving landscape of sustainable energy solutions and solidify its position as a leader in the battery metals sector.
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