Thursday, 12 September 2024

Drilling Program Begins at Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL)’s Clayton Valley Lithium Project

This is Sponsored by Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) and readers are cautioned to seek professional financial and accounting advice when evaluating the Company and its prospects.


Krypton Street’s Next Profile is…


 Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL)


Keep reading to discover what we’ve learned about this company…


Strategic Lithium Projects In Nevada: Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) Has Several Lithium Projects in Nevada, Including Clayton Valley Near North America’s Only Lithium Brine Producer.


Copper Exploration For Renewable Energy: Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) Has Expanded into Copper Exploration in British Columbia, Recognizing Copper's Importance For EVs And Renewable Energy.


Clean Energy Infrastructure: With Fast-Charging Stations Set To Outnumber Gas Stations, Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL)’s Lithium and Copper Exploration Aligns With EV Infrastructure Needs.


Supporting Domestic Supply: Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL)’s Projects in Nevada And British Columbia Align With Efforts to Reduce Reliance On Foreign Imports For Lithium and Copper.


Diversified Exploration Portfolio: Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL)’s Projects, Including Texas Spring and Volt Canyon, Are Located in Historic-Resource Areas With Favorable Mining Environments.


Independent Research Coverage: Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) Has Engaged and Paid for Independent Coverage From Firms Such as Fundamental Research and Harbinger Research. These Reports Provide Insights Into the Company’s Activities in the Lithium Exploration Sector, Noting the Relevance of Its Projects in Nevada.






September 12, 2024



Dear Reader,



As the world moves towards sustainability, the electric vehicle (EV) market is steadily growing. 


Governments are promoting cleaner energy, companies are increasing their focus on electric cars, and consumers are showing more interest in efficient, environmentally-friendly transportation options. 


At the core of this transition are lithium-ion batteries. 


Lithium and copper are set to play a key role in supporting future energy needs, and Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) is aligning its efforts by exploring for these essential resources.


Grid Battery Metals Inc. (TSXV:CELL)(OTCQB:EVKRF) is pleased to announce that a reverse circulation drilling program is commencing on the Company's claim block at Silver Peak, Clayton Valley, Esmeralda County, Nevada. 


This strategic land package, covering approximately 2,300 acres (930 ha), directly adjoins the western portion of lithium producer Albemarle's (NYSE:ALB) evaporation ponds and is nearby Century Lithium Corp.'s (TSXV:LCE)(OTCQB:CYDVF) proposed 5,430-acre Angel Island Lithium Mine. 


The Company plans to drill several exploration holes to maximum depths of 1500 ft. in several strategic locations on the property during the month of September.


Mr. Tim Fernback, Company President and CEO comments, "Even though lithium commodity prices are much lower from their earlier highs, the Clayton Valley area is booming again for lithium clay exploration and development. Our Clayton Valley Lithium Project is situated near Albemarle Corporation's (NYSE:ALB) Silver Peak Mine which is North America's only producing lithium brine mining operation. Our property is located immediately to the west of this existing lithium production facility. Additionally, our lithium property is near Century Lithium's (TSXV:LCE)(OTCQB:CYDVF) Angel Island lithium project, which recently released a Positive Feasibility Study detailing a 40-year mine life and an after-tax NPV8 of $3.01Bn. With our current exploration program in place, we will be able to lay the groundwork for a more significant exploration program budget and program in the future. We are excited about this opp. in Nevada for our lithium clay project."


Mr. Fernback continues, "The reverse circulation drilling program is expected to continue until early October. The Company should be able to immediately identify the various clay and sediment layers and locations of water zones down to the older underlying basement rocks. Maximum estimated depths for these holes are 1500 feet. Samples for assay will include drill cuttings and collected water."


Read the full news release here.


When you're done reading the full article, take a look at my initial report on Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) below.

The adoption of electric vehicles is contributing to a rising demand for lithium-ion batteries. 


These batteries are important not only for EVs but also for renewable energy storage, smartphones, laptops, and other devices. 


Projections suggest that electric vehicles could account for more than 90% of the global demand for lithium by 2030.


Companies like Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) are actively exploring and developing lithium resources in some of North America’s key locations. 


As countries emphasize green energy transitions, the demand for these important minerals is steadily increasing.


Public Charging Stations Set to Surpass Gas Stations


It’s not just the cars that are changing—the infrastructure is, too. 


Across the U.S., the rise of public fast-charging stations is reshaping the transportation landscape. 


There are currently around 9,000 public fast-charging sites, and at the current pace, these stations are projected to outnumber gas stations in the next eight years. 


The growth in charging infrastructure is essential for making electric vehicles more accessible to consumers and is expected to contribute to the increasing demand for lithium and copper, which are key components in the batteries that power them.


As the need for these materials grows, companies involved in resource exploration are playing a more essential role in addressing future requirements.


Grid Battery Metals' Strategic Lithium Projects

Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) is focusing on several lithium projects in Nevada, which is fast becoming a hub for lithium production in the U.S. 


The company’s Clayton Valley Lithium Project is situated near Albemarle Corporation’s (NYSE: ALB) Silver Peak Mine, North America's only lithium brine producer. 


This location positions Grid’s project within a key lithium-producing region in North America.


But that’s not all. 


Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) also holds the Texas Spring Property in Elko County, Nevada, and the Volt Canyon Lithium Property in Monitor Valley.

These projects provide the company with a diversified portfolio in a state renowned for its favorable mining environment and rich mineral resources. 


The proximity of Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL)’s projects to other major lithium producers highlights the potential of their exploration efforts.


Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL)’s Expansion into Copper Exploration


While lithium remains the backbone of the EV revolution, copper plays an equally vital role in the production of electric vehicles, renewable energy technologies, and the infrastructure that supports them. 


Recognizing this, Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) recently acquired a new copper project in Northern Central British Columbia, adding another layer to its growing portfolio. 


Copper is essential for EVs, wind turbines, solar panels, and power grids.

With this move, Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) is not only focusing on lithium exploration but also diversifying into copper exploration as well. 


This new project spans over 27,500 hectares in British Columbia’s Omineca Mining Division, an area known for its mineral potential. 


The project’s proximity to geological structures and historical exploration sites contributes to its potential for copper exploration.


Lithium and Copper Exploration by Grid Battery Metals Aligns with Global Clean Energy Goals


The global shift toward clean energy and the electrification of transportation is increasing demand for key battery metals. 


As governments focus on sustainable infrastructure and electric vehicle production grows, the need for reliable sources of lithium and copper is becoming more pressing. 


In the U.S., there is a focus on securing domestic supplies of these materials to reduce dependence on foreign imports, particularly from China, which dominates the lithium supply chain.


Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) is currently exploring lithium projects in Nevada and a newly acquired copper project in British Columbia. These exploration efforts align with the broader renewable energy transition and the growing demand for battery metals.


A Future Focused on Energy Transition


As the electric vehicle battery market is expected to grow over the next decade, companies like Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) are aligning their efforts with this trend. By concentrating on lithium and copper—materials essential for EVs and renewable energy—Grid is focused on exploring these key resources.


As public fast-charging stations continue to expand, supporting the growth of EV infrastructure, the demand for batteries is set to rise. With lithium projects in Nevada and copper exploration in British Columbia, Grid Battery Metals is working to align with the developments in the energy sector.


Independent Research Coverage


Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) has engaged and paid for independent research coverage from firms such as Fundamental Research and Harbinger Research. These reports offer insights into Grid's activities in the lithium sector, highlighting the relevance of its exploration projects in Nevada.


5 reasons to learn more about Grid Battery Metals Inc. 

(OTCQB: EVKRF) (TSXV: CELL):


1. Strategic Lithium Projects in Nevada: Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) holds several lithium projects in Nevada, including the Clayton Valley Lithium Project near North America’s only lithium brine producer. Nevada is becoming a crucial hub for lithium production.


2. Copper Exploration for Renewable Energy: Recognizing the importance of copper for EVs, wind turbines, and solar panels, Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) has expanded into copper exploration with a new project in British Columbia, further diversifying its resource portfolio.


3. Key Role in Clean Energy Infrastructure: With the rise of public fast-charging stations projected to outnumber gas stations in the next eight years, Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL)’s exploration of lithium and copper directly aligns with the infrastructure needs for the EV market.


4. Supporting Domestic Supply Chains: As governments prioritize securing domestic supplies of critical materials, Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL)’s projects in Nevada and British Columbia align with efforts to reduce reliance on foreign imports for lithium and copper.


5. Diversified Portfolio in Resource-Rich Regions: Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL)’s projects, including Texas Spring and Volt Canyon in Nevada, are located in regions known for their favorable mining environments, providing the company with a well-rounded exploration portfolio.


With the electric vehicle battery market poised for substantial growth, Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) is actively exploring key lithium resources and expanding into copper exploration to support the clean energy transition. 


With strategic projects in Nevada and British Columbia, and independent analyst coverage highlighting the company's potential, now is a great time to learn more about how Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) is aligning with the future of energy.

Sincerely,


Gary Silver

Managing Editor,

MarketCrux

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