Urgent! Harbinger Research target indicates 193% potential upside for Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL).
$276 Billion EV Battery Market: Soaring Battery Metal Demand Sets the Stage for Little-Known Explorer's Recent Acquisition in Lithium's "Silicon Valley"...(2)(3)(4)
By offering a two-for-one opportunity in the EV Battery Resource Sector, see why now could be the best time to start your research on Grid Battery Metals Inc. (OTCQB:EVKRF) (TSXV:CELL)! (41)
• (OTCQB: EVKRF) (TSXV: CELL) • (OTCQB: EVKRF) (TSXV: CELL) • (OTCQB: EVKRF) (TSXV: CELL) • (OTCQB: EVKRF) (TSXV: CELL) • (OTCQB: EVKRF) (TSXV: CELL) • (OTCQB: EVKRF) (TSXV: CELL) • (OTCQB: EVKRF) (TSXV: CELL) • (OTCQB: EVKRF) (TSXV: CELL) • (OTCQB: EVKRF) (TSXV: CELL)
Tesla's Nevada Plant Gears Up for Groundbreaking Battery Cell Production with $3.6 Billion Investment(5)
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.(15)
7 Reasons Why Grid Battery Metals Inc.
(OTCQB: EVKRF) (TSXV: CELL)
Could See Significant Upside Potential in 2023.
Excess Working Capital:
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. (29) (44)
Strong Company Assets:
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.
World Class Mining-Friendly Jurisdictions:
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. (15)
Strategic Land Holdings:
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. (25)(31)
Unleashing a Wealth of Nickel Potential on the TSX Venture Exchange!:
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). (52)
Rising Demand:
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. (15)
Seasoned Management Team:
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. (25)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.
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Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) Receives Spotlight in BNN Bloomberg Article… (52)
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)
Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) Offers a Two-for-One Opportunity in the Electric Vehicle Resource Sector…(41)
Play Video
Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) is making strategic moves to maximize the potential of its resources, as highlighted in a recent interview with CEO Tim Fernback by The Market Herald. The company’s decision to separate its lithium and nickel projects into distinct entities on the Canadian Securities Exchange (CSE) is poised to create opportunities for growth and value realization for both Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) and industry stakeholders. (41)
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. (41)
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. (41)
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.
Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) Shines in Resource World Magazine… (50)
Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) is making headlines after being prominently featured in a recent article from Resource World Magazine. With this spotlight on the company, it’s clear that Grid Battery Metals is positioned for success as it embarks on a mission to explore for lithium in Nevada. Under the guidance of an experienced management team, with a track record of successful exploration endeavors and a strategic shift toward lithium projects, Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) is poised to become a formidable player in the battery metals sector. (50)
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)
Exclusive Interview: Grid Battery Metals Inc. (OTCQB:EVKRF) (TSXV:CELL) CEO Unveils Nickel and Lithium Prospects
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) Eyes $.22 Target with Seasoned Team at the Helm… (49)
Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) has emerged as a promising player in the exploration of lithium and nickel projects, two crucial battery metals at the forefront of the electric vehicle (EV) and battery sector boom. Under the leadership of a successful founding team from Surge Battery Metals, Grid Battery Metals is well-positioned to capitalize on the growing demand for these essential metals. Brian R. Connell, CFA, a Senior Research Analyst at Harbinger Research, has set an ambitious target of $.22 per share for the company which indicates a potential upside of over 193% from the recent $.075 price noted in his report. (49)
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. (49)
Grid Battery Metals Inc. (OTCQB: EVKRF)
Grid Battery Metals Inc. (TSXV: CELL)
Looking at the 6-month charts above, as of 11/16/2023, you’ll see that Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) has been very active. (28)
As of 11/16/2023, Grid Battery Metals Inc. (OTCQB: EVKRF) has a market cap of less than US$5.6 million according to MarketWatch.com. (12) Similarly, in Canada, Grid Battery Metals Inc. (TSXV: CELL) has a market cap of approximately CAD$7.61 million. (13)
Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) Explores Opportunities in the $276 Billion EV Battery Market (15)(16)
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)
Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) is strategically positioning itself to meet the increasing demand for sustainable energy solutions, with a specific focus on high-value battery metals for the EV market. By emphasizing the importance of lithium and nickel, the company aims to contribute to the development of clean transportation and energy storage systems.
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 Regains Position as Most Attractive Mining Jurisdiction(33)
Mining.com, May 4, 2023
Nevada, renowned as the “Silicon Valley of Lithium,” has emerged as the leading mining jurisdiction in North America. (4) With its mining-friendly policies and abundant mineral wealth, the state attracts exploration companies like Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL). Let’s explore how Nevada’s allure as a top investment destination and the Fraser Institute’s role in assessing mining policies contribute to Grid Battery Metals’ remarkable success. (3)(7)
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. (37)
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. (38)
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. (37)(3)
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. (37)(3)
Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) continues to strengthen its position in the electric vehicle (EV) battery metals industry with strategic land acquisitions and the addition of a new lithium exploration project in Nevada. The company’s expansion further solidifies its foothold in the dynamic EV market and underscores its commitment to sustainable energy solutions. (3)
Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) recently entered into a Purchase and Sale Agreement with Springfield Land Limited Liability Company, paving the way for the acquisition of valuable mineral lode claims located in Elko County, Nevada. This strategic move aligns with the company’s growth plans and enhances its portfolio of land assets. This property is adjoining the Nevada North Lithium Property owned by Surge Battery Metals Inc. 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. 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 Inc. (OTCQB: EVKRF) (TSXV: CELL) recently entered into a Purchase and Sale Agreement with Springfield Land Limited Liability Company, paving the way for the acquisition of valuable mineral lode claims located in Elko County, Nevada. This strategic move aligns with the company’s growth plans and enhances its portfolio of land assets. This property is adjoining the Nevada North Lithium Property owned by Surge Battery Metals Inc. 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. As mentioned earlier, the Grid Battery Metals management and exploration team founded Surge Battery Metals and is responsible for this discovery in Northern Nevada.
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.
The Texas Springs Property’s proximity to Nevada North Lithium Project presents exciting collaboration and development opportunities. That drilling program has yielded significant findings, with highly mineralized lithium-bearing clays identified. The average lithium content at the Nevada North Property within near-surface clay zones is an impressive 3254 ppm, indicating the property’s high prospects for lithium extraction. (3)
This expansion of Grid Battery’s land holdings strengthens its position as a key player in the battery metals sector, with a particular focus on the lithium market. The Texas Springs Property joins the company’s existing portfolio, which includes the Clayton Valley Lithium Project and the Volt Canyon Lithium Property, both located in Nevada. (3)
Exploring the Potential of Clayton Valley Lithium: Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL)’s Promising Project (21)
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. (21)
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. (21)
Unveiling the Potential of Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL)'s Volt Canyon Lithium Project (22)
Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) is embarking on an exciting exploration and development project in Volt Canyon, Nevada, where they have secured 80 placer claims covering approximately 635 hectares of alluvial sediments. Situated in Monitor Valley, around 122 km north-northeast of Tonopah, Nevada, the Volt Canyon Lithium
Property holds significant promise. The Grid Battery Metal team plans to continue to explore this property for lithium mineralization in 2023.
Exclusive Interview: Tim Fernback Reveals Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL)'s Role in Powering Electric Vehicle Revolution…(40)
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 (40)
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 (40)
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 (40)
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 (40)
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 (40)
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.
Rising Demand for Battery Metals Drives Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL)'s Growth Strategy (15)
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: (25)
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.
The Future $276 Billion EV Battery Market: Soaring Battery Metal Demand Sets the Stage for Little-Known Explorer's Recent Acquisition in Lithium's "Silicon Valley"...(2)(3)(4)
By offering a two-for-one opportunity in the EV Battery Resource Sector, see why now could be the best time to start your research on Grid Battery Metals Inc. (OTCQB:EVKRF) (TSXV:CELL)! (41)
7 Reasons Why Grid Battery Metals Inc.
(OTCQB: EVKRF) (TSXV: CELL)
Could See Significant Upside Potential in 2023.
Excess Working Capital:
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. (29) (44)
Strong Company Assets:
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.
World Class Mining-Friendly Jurisdictions:
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. (15)
Strategic Land Holdings:
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. (25)(31)
Unleashing a Wealth of Nickel Potential on the TSX Venture Exchange!:
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). (52)
Rising Demand:
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. (15)
Seasoned Management Team:
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. (25)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.
Source 1: https://www.economist.com/leaders/2023/07/06/the-world-needs-more-battery-metals-time-to-mine-the-seabed
Source 2: https://gridbatterymetals.com/
Source 3: https://gridbatterymetals.com/grid-battery-expands-land-holdings-by-adding-a-lithium-exploration-project-in-nevada/
Source 4: https://www.eenews.net/articles/silicon-valley-of-lithium-nevada-mine-breaks-ground/
Source 5: https://www.forbes.com/sites/alanohnsman/2023/01/24/tesla-pouring-36-billion-into-nevada-plant-for-ev-battery-semi-production/?sh=44aa6fb211ef
Source 6: https://electrek.co/wp-content/uploads/sites/3/2023/05/Tesla-Cybertruck-hero-shareholder-meeting.jpg?quality=82&strip=all&w=1600
Source 7: https://www.ptolemus.com/wp-content/uploads/Tesla-Semi-at-charing-station_PTOLEMUS-Consulting-Group.jpeg
Source 8: https://www.barchart.com/stocks/quotes/EVKRF/price-history/historical
Source 9: https://www.barchart.com/stocks/quotes/CELL.VN/price-history/historical
Source 10: https://www.investopedia.com/terms/n/nanocap.asp
Source 11: https://www.benzinga.com/money/best-nano-cap-stocks
Source 12: https://www.marketwatch.com/investing/stock/evkrf?mod=search_symbol $9.42M
Source 13: https://www.marketwatch.com/investing/stock/cell?countrycode=ca&mod=search_symbol $12.5M
Source 14: https://schrts.co/FvBDSsEn
Source 15: https://gridbatterymetals.com/wp-content/uploads/2023/05/Grid-Battery-Metals-Deck_ES_20230523.pdf https://metalsmarketreaders.com/wp-content/uploads/sites/50/2023/07/Grid-Battery-Metals-Deck_ES_20230720.pdf
Source 16: https://www.precedenceresearch.com/electric-vehicle-battery-market
Source 17: https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fb517c809-08ba-4fb8-89df-fb3b0885c4f1.jpg?fit=scale-down&source=next&width=700
Source 18: https://gumlet.assettype.com/swarajya/2022-01/6c4e4a19-03e1-4a8e-bfef-f74ae0b2c95c/EV__Battery__1_.png
Source 19: https://www.iotinsider.com/wp-content/uploads/2022/08/Battery-energy-storage-system.png
Source 20: https://themarketherald.ca/wp-content/uploads/2022/04/surge_battery_metals-scaled.jpg
Source 21: https://gridbatterymetals.com/clayton-valley-project/
Source 22: https://gridbatterymetals.com/volt-canyon/
Source 23: https://etimg.etb2bimg.com/photo/98115241.cms
Source 24: https://cdn.vox-cdn.com/thumbor/FEqj8H_agiW39Wk1aZadA24hHqc=/0x0:7500×3726/1200×800/filters:focal(2881×1381:4081×2581)/cdn.vox-cdn.com/uploads/chorus_image/image/64983110/shutterstock_1075034981.0.jpg
Source 25: https://gridbatterymetals.com/management/
Source 26: https://engineering.tamu.edu/news/2022/03/_news-images/CHEN-Balbuena-21Mar22.jpeg
Source 27: https://cleantechnica.com/2023/04/27/us-electric-vehicle-sales-up-66-in-1st-quarter/
Source 28: https://gridbatterymetals.com/stock-info/
Source 29: https://gridbatterymetals.com/grid-battery-closes-3000000-private-placement/
Source 30: https://www.accesswire.com/762570/Surge-Battery-Metals-Increases-the-Size-of-the-Nevada-North-Lithium-Project
Source 31: https://surgebatterymetals.com/corporate-governance/#corp-management
Source 32: https://www.supplychaindive.com/news/inflation-reduction-act-ev-battery-bofa/630965/
Source 33: https://www.mining.com/nevada-regains-place-as-most-attractive-mining-jurisdiction/
Source 34: https://gridbatterymetals.com/grid-battery-closes-texas-spring-acquisition-in-nevada/
Source 35: https://www.fraserinstitute.org/sites/default/files/annual-survey-of-mining-companies-2022.pdf
Source 36: https://www.dailymetalprice.com/metalpricecharts.php
Source 37: https://www.fraserinstitute.org/studies/annual-survey-of-mining-companies-2022
Source 38: https://www.fraserinstitute.org/about
Source 39: https://www.smallcapvoice.com/interview-grid-battery-metals-evkrf/
Source 40: https://finance.yahoo.com/news/grid-battery-metals-ceo-tim-130000204.html
Source 41 :https://stockhouse.com/video/thewatchlist/8vl4zfj2?mediaId=8VL4zFJ2
Source 42: https://schrts.co/uxUygcZK
Source 43: https://schrts.co/msQhaWpb
Source 44: https://gridbatterymetals.com/grid-battery-metals-provides-a-ceo-update/
Source 45: https://gridbatterymetals.com/grid-battery-closes-disposition-with-surge-battery-of-its-nickel-project/
Source 46: https://surgebatterymetals.com/surge-announces-highest-grade-lithium-assays-to-date-with-up-to-8070-ppm-lithium-in-the-first-2023-hole-at-nevada-north-lithium-project/
Source 47: https://surgebatterymetals.com/surge-continues-to-intercept-significant-lithium-results-with-second-2023-hole-up-to-5820-ppm-lithium/
Source 48: https://gridbatterymetals.com/grid-battery-metals-completes-phase-1-of-its-exploration-plan-at-the-texas-springs-nevada-lithium-project/
Source 49: https://content.equisolve.net/_375204edf049f9a2ddb79465ac426697/harbingerresearch/files/research/2023-08-14_Grid_Battery_Metals_Coverage_Initiation_Report.pdf
Source 50: https://resourceworld.com/grid-battery-metals-is-staged-for-success-at-is-explores-for-lithium-in-nevada/
Source 51: https://media.licdn.com/dms/image/D563DAQGknjoxGVKzKQ/image-scale_191_1128/0/1675185059528?e=1697677200&v=beta&t=2wM9l_GKLVznnPBUgFlsVVXMEQHq0goA0f3AUxNXHUQ
Source 52: https://www.bnnbloomberg.ca/grid-battery-metals-targets-ev-driven-demand-at-the-source-supplying-essential-lithium-and-nickel-1.1998490
Source 53: https://upload.wikimedia.org/wikipedia/commons/thumb/4/45/BNN_Bloomberg.svg/1200px-BNN_Bloomberg.svg.png
Source 54: https://o.aolcdn.com/images/dims3/GLOB/crop/1767×994+150+158/resize/800×450!/format/jpg/quality/85/https://s.aolcdn.com/os/ab/_cms/2022/09/07065707/DAL500033.jpg