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Wednesday, March 06, 2024 10:39:13 AM
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
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