NIKLF - Grid Battery Renews Engagement with Triomphe Holdings Ltd. (DBA Capital Analytica) To Provide Social Media Services
(TheNewswire)
Coquitlam, BC / TheNewswire / March7, 2024- Grid Battery Metals Inc. (the“Company” or “Grid”) (TSXV:CELL )( OTC:EVKRF ) ( FRA:NMK2) announces that it has renewedits contract with Triomphe Holdings Ltd. (dba Capital Analytica)(“Capital Analytica”) to provide a multi-faceted PromotionalEnhancement Service. Capital Analytica is a Nanaimo, BC based company.
The Company has entered into aConsulting Agreement (the “Agreement) with Capital Analytica datedMarch 6, 2024. Pursuant to the Agreement,Capital Analytica has agreed to provide services to the Company andthe Company will pay Capital Analytica a fee of $60,000 upon TSXVenture Exchange (“Exchange”) approval for a term of six months,with an option to renew the Agreement for an additional six-monthterm. The services will include on-going social media consultationregarding engagement and enhancement, social sentiment reporting,social engagement reporting, discussion forum monitoring andreporting, corporate video dissemination and other related investorrelation services. The Agreement is subjectExchange approval.
Capital Analytica and Grid are not related parties andoperate at arm’s length. Neither Capital Analytica nor itsprincipals have any interest in the Company’ssecurities, directly or indirectly, or any right or intent to acquiresuch an interest.
Grid Battery Metals Inc.is a Canadian based exploration company whose primary listing is onthe TSX Venture Exchange. The Company’s maintains a focus onexploration for high value battery metals required for the electricvehicle (EV) market.
The Company owns a 100%interest in the Texas Spring Property which consists of mineral lodeclaims located in Elko County, Nevada. The Property is in theGranite Range southeast of Jackpot, Nevada, about 73 kmnorth-northeast of Wells, Nevada. The target is a lithium clay depositin volcanic tuff and tuffaceous sediments of the Humbolt Formation. APhase 1 exploration program at the Texas Springs Property (Fall 2023)yielded r esults with average lithium grades of 2010ppm, applying a 1,000 ppm cut-off, and up to 5,610 ppmLithium .
The Texas Springproperty adjoins the southern border of the Nevada North LithiumProject - owned by Surge Battery Metals Inc. (“Surge”) (TSXV:NILI, OTC: NILIF) and comprised of 725 mineral claims. Surge's firstround of drilling identified strongly mineralized lithium bearingclays. The average lithium content within all near surface clay zonesintersected in the 2022 drilling program, applying a 1000 ppm cut-off,was 3254 ppm. (Press release March 29,2023 ). More recent results haveshown higher grade lithium up to 8070 ppm on this property afterinitial drilling (Press release September 12,2023 ). Ourexploration results are on-trend with these results.
AboutClayton Valley Lithium Project
The Company owns a 100%interest in 113 lithium lode and placer claims covering over 640hectares in Clayton Valley. Clayton Valley is a down-dropped closedbasin formed by the Miocene age Great Basin extension and is stillactive due to movement along the Walker Lane structural zone. As aresult, the basin has preserved multiple layers of lithium bearingvolcanic ash, resulting from multiple eruptive events over the past 6million years including eruptions from the 700,000-year-old LongValley Caldera system and related events. These ash layers arethought to contribute to the lithium brines extracted by Albemarle andare also likely involved in the formation of the exposed lithium richclay deposits on the east side of Clayton Valley.
The Company owns a 100%interest in 80 placer claims covering approximately 635 hectares ofalluvial sediments and clays located 122 km northeast of Tonopah,Nevada.
Aboutthe British Columbia, Nickel Projects
The Mount SidneyWilliams Group consists of three claim blocks with a total area of10,569 hectares in the area surrounding Mount Sidney Williams, bothadjoining and near the Decar project of FPX Nickel Corp., located 100kilometres northwest of Fort St. James, B.C., in the Omineca miningdivision. Metallic mineralization includes nickel, cobalt, andchromium. At least some of the nickel mineralization occurs asawaruite. The Mitchell Range Group area claim consists of one claimblock covering 8,659 hectares with demonstrated metallicmineralization including nickel, cobalt, and chromium. Nickel cobaltmineralization has not been well explored, but the presence ofawaruite has been documented. The Company’s B.C. Nickel propertiesare held within Grid’s wholly-owned subsidiary, AC/DC Battery MetalsInc.
The Company has previouslyannounced plans to spin out itswholly-owned subsidiary, AC/DC Battery Metals Inc., finance itseparately, and separately list it on the TSX Venture Exchange in2024. This transaction once complete, will provide a valuable sharedividend to each Grid Shareholder of record for no additionalcost.
On Behalf of the Boardof Directors
Email: info@gridbatterymetals.com
Neither the TSX Venture Exchange nor its Regulation ServicesProvider (as that term is defined in the policies of the TSX VentureExchange) accepts responsibility for the adequacy or accuracy of thisrelease. This news release may contain forward-looking statementswhich include, but are not limited to, comments that involve futureevents and conditions, which are subject to various risks anduncertainties. Except for statements of historical facts, commentsthat address resource potential, upcoming work programs, geologicalinterpretations, receipt and security of mineral property titles,availability of funds, and others are forward-looking. Forward-lookingstatements are not guarantees of future performance and actual resultsmay vary materially from those statements. General business conditionsare factors that could cause actual results to vary materially fromforward-looking statements. It should be noted that results from any adjacent property(s) are notan indication of what may be found on the Company’sproperty(s).
Copyright (c) 2024 TheNewswire - All rights reserved.