Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) released an important update this morning.

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Grid Battery Metals Inc. (OTCQB: EVKRF) Provides Key Update Today On Drilling Completion At Clayton Valley

October 28th

Greetings Readers,

Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) released an important update this morning.

Take a peek:

Grid Battery Metals Update - Drilling Completed on its Clayton Valley Lithium Project

COQUITLAM, BC / ACCESSWIRE / October 28, 2024 / Grid Battery Metals Inc. (the "Company" or "Grid") (TSXV:CELL)(OTCQB:EVKRF)(FRA:W47) is pleased to announce that its reverse circulation drilling program has now been completed 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, which recently released a Positive Feasibility Study detailing a 40-year mine life and an after-tax NPV8 of $3.01 billion.

Mr. Tim Fernback, Company President and CEO comments, "Now that our fall drilling program at our Clayton Valley Lithium Project has been successfully completed, we are eagerly awaiting the lithium assay results from the lab. One of the stated goals of the planned drilling program was to test the depth of the accumulated lithium brine and claystones on our property. With this knowledge, we can propose a significant follow-on exploration program that will work towards an eventual maiden resource calculation and NI# 43-101 Preliminary Economic Assessment. We remain very excited about this opportunity in Nevada for our company and shareholders."

...

Mr. Steven McMillin P.G. comments, "We ended the drilling program with our last hole drilled to a depth of 1,160 feet, testing a considerable section of possible lithium bearing sediments on the property. In total, five holes were completed for 4730 total feet. Four holes were originally planned, but a fifth hole (RCV-08) was offset from RCV-06 that was lost at a shallow depth to bad ground conditions. We encountered highly variable drilling conditions in each hole including high water temperatures and volumes. Lithologies were also variable from hole to hole. However, in most holes we encountered evidence of hot spring style alteration within the first 600 feet in the form travertine and tufa. Several heavy clay layers were encountered in most holes that could have originally been tuff units. Our last hole (RCV-08) was terminated by an impenetrable zone of heavy brick red ball clay. In Clayton Valley, sinter, travertine, and tufa are considered surface evidence of geothermal waters that can leach and mobilize lithium from ash layers at depth. Both drill cuttings and water were sent for analysis."

Mr. Fernback continues, "The results from the Clayton Valley Lithium Project fall drilling program are expected to arrive in mid-late November."

...

Read the full article here.

On top of today's news, take a moment to review the initial Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) report below.

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Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) is tapping into the growing lithium potential within the fast-growing battery metals space.

What’s propelling this surge?!? Good question.

The rising demand from both the electronics and energy storage markets is key to the rapid expansion.

Yet, the real headline is the accelerating need for battery metals, driven largely by the electric vehicle (EV) revolution.

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Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) holds a specific focus on high-value battery metals for the EV market.

Grid is focussed on its Nevada lithium assets, while its recently spun out subsidiary, AC/DC Battery Metals Inc. is focussed on its BC nickel assets.

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 Bn's of dollars in grants, loan programs and other in-vest-ments 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.

Battery Metals Market

Lithium

Passenger vehicles powered by lithium-ion batteries globally: 10% by 2025, 27% by 2030 with 58% market penetration by 2050.

The cost of lithium-ion battery packs has dropped by 87% since 2010, making them more attractive to manufacturers.

Automakers are concerned about suppliers’ ability to meet ongoing lithium demand.

4 Key Reasons To Consider Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) For Your Watch-list

World Class Mining-Friendly Jurisdictions:

Grid Battery Metals (OTCQB: EVKRF) (TSXV: CELL) has a portfolio of lithium targets located in mining friendly jurisdictions of Nevada.

Last year, the state of Nevada was determined to be the most attractive jurisdiction for mining in-vest-ment in the world because of its mining-friendly regulations, in-vest-ment climate, carbon neutral hydro electricity grid and skilled labor force.

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*.

The Surge Battery Metals discovery totals 685 mineral claims and has identified strong mineralized lithium bearing clays with an average lithium content of 4,067 ppm.

Rising Demand:

With an evident 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.

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.

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.

Overview of the Texas Spring Lithium Exploration - Development Project

The Texas Spring Property encompasses a series of mineral lode claims situated in Elko County, Nevada. Located in the Granite Range southeast of Jackpot, Nevada, it is approximately 73 km north-northeast of Wells, Nevada.

The primary focus of exploration on this property is to uncover a lithium clay deposit found within volcanic tuff and tuffaceous sediments of the Humbolt Formation.

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Benefits of Nevada

Ranked the 3rd best mining jurisdiction in the world in 2019 by the Fraser Institute, Nevada is ideally suited to supply domestic and Asian markets.

Strong Ethics

Strong ethic toward effective & successful reclamation (restoring land that has been mined to a natural / economically usable state).

Scalable

Largest mining program in the US with 49% of the Bureau of Land Management’s active mining claims.

Stability

Mining friendly regulations with a Stable political environment. Producing lithium since 1966 at the Silver Peak Mine

Exploring The Potential Of Clayton Valley Lithium: Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL)’s Promising Project

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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.

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)'s Volt Canyon Lithium Project

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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.

Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) has emerged as a promising player in the exploration of lithium projects, a crucial battery metal 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 this essential metal.

Consider putting Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) on your watch-list this week.

When there are updates, I'll get them out to you quickly. Talk again soon.

Sincerely,

Kai Parker

StockWireNews

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Please see important disclosure information here: www.stockwirenews.net/disclosure This presentation includes certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” under applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”,“forecast”, “may”, “would”, “could”, “schedule” and similar words or expressions, identify forward-looking statements or information. Forward-looking statements and forward-looking information relating to any future mineral production, liquidity, enhanced value and capital markets profile of Grid Battery Metals Inc., future growth potential for Grid Battery Metals Inc. and its business, and future exploration plans are based on management’s reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the price of lithium, nickel and other metals; costs of exploration and development; the estimated costs of development of exploration projects; Grid Battery Metals Inc.’ ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms. These statements reflect Grid Battery Metals Inc.’ respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward- looking statements or forward-looking information and Grid Battery Metals Inc. has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the Company’s dependence on one mineral project; precious metals price volatility; risks associated with the conduct of the Company’s mining activities in Nevada and British Columbia; regulatory, consent or permitting delays; risks relating to reliance on the Company’s management team and outside contractors; risks regarding mineral resources and reserves; the Company’s inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company’s interactions with surrounding communities and artisanal miners; the Company’s ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption “Risk Factors” in Grid Battery Metals Inc.’ management discussion and analysis. Readers are cautioned against attributing undue certainty to forward-looking statements or forward-looking information. Although Grid Battery Metals Inc. has attempted to identify important factors that could cause actual results to differ materially, there may be other factors. Readers are encouraged to seek professional accounting and investment advisory services advice to determine suitability of any future investment in Grid Battery Metals Inc. All compensation agreements and their material terms were originally disseminated on the Company’s website, gridbatterymetals.com/news/, in compliance with TSX Venture Exchange Policy. *Surge Battery Metals Inc. (NILIF:US) (NILI:CA) was previously a client of SWN Media LLC. Pursuant to an agreement between SWN Media LLC and TD Media LLC, SWN Media LLC was hired by TD Media LLC for a period beginning on 7/7/24 and ending on 7/8/24 to publicly disseminate information about (EVKRF:US)(CELL:CA) via digital communications. 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