GRID:CC - Grid Battery Metals CEO Tim Fernback Discusses the Booming Lithium and Nickel Markets in an Exclusive SmallCapVoice Interview
(TheNewswire)
Coquitlam, BC – TheNewswire - July 26, 2023 - Grid Battery MetalsInc. (“formerly NickelRock Resources Inc.”) (the “Company” or “GridBattery”) (TSXV:CELL ) ( OTC:EVKRF ) ( FRA:NMK2)announces that SmallCapVoice.com Inc, hascompleted an exclusive interview featuring Mr. Tim Fernback, GridBattery’s President & CEO, as he delves into the excitingprospects of nickel and lithium in the rapidly expanding electricvehicle (EV) and battery sectors.
Grid Battery Metals, a pioneering company, isstrategically positioned in the battery metals market, with a strongfocus on nickel and lithium. As the demand for EVs and batterytechnologies soars, both lithium and nickel are projected toexperience significant growth over the next decade.
In the insightful interview, Mr. Fernback shares how asthe world transitions towards sustainable energy solutions, the demandfor electric vehicles and energy storage systems is escalating. Nickeland lithium play crucial roles in advancing these technologies, andGrid Battery Metals is capitalizing on this opportunity byconcentrating its efforts on these two essential battery metals. Hethen goes on to explain the connection between Grid Battery Metals and Surge Battery Metals (TSXV:NILI)(OTCPINK:NILIF)(FRA:DJ5C) . The key foundersand members of the geological team of Surge Battery Metals are alsothe founding management team of Grid Battery Metals.
Under Mr. Fernback's visionary leadership, Grid BatteryMetals has established itself as a leading player in the batterymetals market. By honing in on nickel and lithium, the company ispoised to meet the burgeoning demand for these metals, which areessential for the future of the EV and battery industries, throughtheir various Nevada lithium projects; Texas Spring, Clayton Valley,and Volt Canyon and their British Columbia nickel projects (GridNickel Group consisting of 2 nickel projects located nearby FPXNickel Corp .’s (TSXV: FPX) BaptisteDeposit). Grid Nickel is of extra interest, and Mr. Fernback goes onto explain the abundance of awaruite, which is a naturally occurringnickel-iron alloy important in the manufacturing of environmentallyefficient batteries for the electric vehicle markets globally.
Mr. Fernback continues to discuss company goals,including the recent shareholder update released by the company. Theupdate included key highlights including a nickel project in BritishColumbia completing and the beginning of a lithium project at theTexas Spring and the Volt Canyon projects, both located in Nevada.Among other stated goals, he concludes by stating the company hopes tobe ready for the 2024 drilling season.
The interview concludes discussing the companiesbalance sheets and sustainability in the current economic state ofboth the US and Canada. “We’re really well funded,” Mr. Fernbackstates, “we just completed two financings for the company and wehave over $4.5 million in just cash related working capital on ourbalance sheet.” He goes on to explain the additional capital on handis from the sale of various nickel properties to Surge Battery Metalsearlier in the year and amounts to another $3 million plus inmarketable securities to the balance sheet.
Don't miss this exclusive interview with Tim Fernback,where he shares his vision for the future of nickel and lithium, andGrid Battery Metals' position as a key player in this dynamicindustry.
To listen to the full interview, please click here: https://www.smallcapvoice.com/interview-grid-battery-metals-evkrf/ .
Grid Battery Metals Inc. is a Canadian basedexploration company whose primary listing is on the TSX VentureExchange. The Company’s maintains a focus on exploration for highvalue battery metals required for the electric vehicle (EV) market. www.gridbatterymetals.com .
About Texas Springs Property
The Company owns a 100% interest in the TexasSpring Property which consists of mineral lode claims located inElko County, Nevada. The Property is in the Granite Range southeastof Jackpot, Nevada, about 73 km north-northeast of Wells, Nevada. Thetarget is a lithium clay deposit in volcanic tuff and tuffaceoussediments of the Humbolt Formation.
The Texas Spring property adjoins the southern borderof the Nevada North Lithium Project - owned by Surge Battery MetalsInc. (“Surge”) ( TSXV:NILI, OTC: NILIF ) and comprised of 303 mineralclaims. Surge's first round of drilling identified stronglymineralized lithium bearing clays. The average lithium content withinall near surface clay zones intersected in the 2022 drilling program,applying a 1000 ppm cut-off, was 3254 ppm. (Press release March 29, 2023 ).
About Clayton Valley LithiumProject
The Company owns a 100% interest in 113 lithium lodeand placer claims covering over 640 hectares in Clayton Valley.Clayton Valley is a down-dropped closed basin formed by the Mioceneage Great Basin extension and is still active due to movement alongthe Walker Lane structural zone. As a result, the basin haspreserved multiple layers of lithium bearing volcanic ash, resultingfrom multiple eruptive events over the past 6 million years includingeruptions from the 700,000-year-old Long Valley Caldera system andrelated events. These ash layers are thought to contribute to thelithium brines extracted by Albemarle and are also likely involved inthe formation of the exposed lithium rich clay deposits on the eastside of Clayton Valley.
Volt Canyon Lithium Property
The Company owns a 100% interest in 80 placer claimscovering approximately 635 hectares of alluvial sediments and clayslocated 122 km northeast of Tonopah, Nevada.
About the British Columbia, NickelProjects
The Mount Sidney Williams Group consists of three claimblocks with a total area of 10,569 hectares in the area surroundingMount Sidney Williams, both adjoining and near the Decar project ofFPX Nickel Corp., located 100 kilometres northwest of Fort St. James,B.C., in the Omineca mining division. Metallic mineralization includesnickel, cobalt, and chromium. At least some of the nickelmineralization occurs as awaruite. The Mitchell Range Group areaclaim consists of one claim block covering 8,659 hectares withdemonstrated metallic mineralization including nickel, cobalt, andchromium. Nickel cobalt mineralization has not been well explored, butthe presence of awaruite has been documented.
On Behalf of the Board of Directors
“Tim Fernback”
604-428-5690
Tim Fernback, President & CEO
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release. This news release may containforward-looking statements which include, but are not limited to,comments that involve future events and conditions, which are subjectto various risks and uncertainties. Except for statements ofhistorical facts, comments that address resource potential, upcomingwork programs, geological interpretations, receipt and security ofmineral property titles, availability of funds, and others areforward-looking. Forward-looking statements are not guarantees offuture performance and actual results may vary materially from thosestatements. General business conditions are factors that could causeactual results to vary materially from forward-lookingstatements.
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