Grid Battery Stock Price, News & Analysis

Grid Battery Metals has awarded its 2025 exploration program contract to Hardline Exploration for its Copper-Gold Property in North Central British Columbia. The property consists of 17 mineral claims covering 27,525 hectares and is strategically located between Centerra Gold's Kemess North project and Mount Milligan mine. The property lies in the Omineca region, known for significant deposits like Lustdust/Stardust, Kwanika, and Lorraine. The 2025 Phase 1 exploration program will focus on the Jupiter and Starlight claim blocks, involving assaying, trenching, sampling, and geophysics work during the summer season, with results expected in fall. The property is situated in the northern Quesnel Trough, which hosts numerous porphyry copper-gold deposits, and is near the significant Pinchi Fault system.

Grid Battery Metals (EVKRF) provided a CEO update highlighting their focus on copper-gold and lithium exploration in North America. The company is fully funded for 2025 exploration and recently acquired 275 km² of copper-gold tenures in British Columbia. Their Phase 1 exploration plans include assaying, trenching, sampling, and geophysics at Jupiter and Starlight claim blocks. In Nevada, Grid completed exploration at their lithium properties, including a five-hole drill program at Clayton Valley yielding lithium concentrations with the best intercept of 298 ppm Li in RCV-04. The company emphasizes the growing EV market demand, with up to 20% of new US car purchases being EVs or hybrids, and highlights copper's critical role in construction, electronics, and renewable energy. The copper market faces supply constraints, with estimates suggesting a $2.1 trillion investment needed over 25 years to meet demand.

Grid Battery Metals Inc (TSXV:CELL, OTCQB:EVKRF) has completed the acquisition of a copper property from AC/DC Battery Metals Inc. The transaction involves 17 copper mineral claims covering 27,525.24 hectares in North Central British Columbia, a region known for its operating mines and strong infrastructure.

Under the agreement dated August 26, 2024, Grid Battery issued 5,000,000 common shares at $0.05 per share to AC/DC and paid $48,172.15 in staking costs. The issued securities have a hold period until July 18, 2025. The transaction was classified as a 'related party transaction' due to common officers and directors between the companies.

The company has filed a NI 43-101 Technical Report for the BC Copper Gold Project on SEDAR+, prepared by Jeremy Hanson, P.Geo., who serves as the qualified person for the project.

Grid Battery Metals has announced results from its fall 2024 reverse circulation drilling program at the Clayton Valley Lithium Project in Nevada. The company completed a five-hole drill program totaling 4,735 feet to test for lithium clay and brines on their 2,300-acre property, which adjoins Albemarle's evaporation ponds.

The best drill-cutting intercept was found in RCV-04, showing tuffaceous sediments between 80 and 250 feet with an average of 298 ppm Li, including grades up to 741 ppm. While these results are below the published low-grade clay-hosted lithium threshold of 800-850 ppm, the company sees potential in unexplored southern areas.

Key findings include elevated water temperatures in all holes (peak 85˚C in RCV-05), presence of tuffaceous sediments, and evidence of hot-springs activity. The company plans to focus future exploration on the southern area of the claim block, which returned the highest lithium results.

Grid Battery Metals (TSXV:CELL, OTCQB:EVKRF) has announced the renewal of its partnership with Life Water Media for digital marketing services. The new agreement, dated January 6, 2025, involves a three-month digital media marketing campaign for US$150,000, subject to TSX Venture Exchange approval.

The services will encompass digital media, marketing strategies, advertising, and awareness campaigns. The agreement may be extended beyond the initial term. Life Water Media, based in Sugar Land, Texas, operates independently from Grid Battery Metals, with no related party status and no direct or indirect interest in the company's securities.

Grid Battery Metals has completed its reverse circulation drilling program at its Clayton Valley Lithium Project in Nevada. The project covers 2,300 acres adjacent to Albemarle's evaporation ponds and near Century Lithium's proposed Angel Island Lithium Mine. The company completed five holes totaling 4,730 feet, with the deepest reaching 1,160 feet. The drilling encountered variable conditions, including high water temperatures and volumes, with evidence of hot spring alteration and clay layers. Drill cuttings and water samples have been sent for analysis, with results expected in mid-late November.

Grid Battery Metals Inc. (TSXV:CELL, OTCQB:EVKRF) has initiated a reverse circulation drilling program on its Clayton Valley Lithium Project in Nevada. The project, covering approximately 2,300 acres, is strategically located adjacent to Albemarle's lithium production facility and near Century Lithium's proposed Angel Island Lithium Mine. The first drill hole has reached a depth of over 870 feet, with remaining holes planned to a maximum depth of 1500 feet.

The drilling program aims to test the depth of accumulated lithium brine and claystones, with the goal of proposing a follow-on exploration program towards an eventual resource calculation and NI# 43-101 Preliminary Economic Assessment. The program is expected to continue until early October, conducted by Envirotech Drilling and supervised by Rangefront Geological and the Company's Qualified Person, Steven McMillin P.G.

Grid Battery Metals Inc. (TSXV:CELL, OTCQB:EVKRF) has commenced a reverse circulation drilling program at its Clayton Valley Lithium Project in Nevada. The project, covering 2,300 acres, is strategically located adjacent to Albemarle's lithium production facility and near Century Lithium's proposed Angel Island Lithium Mine. The company plans to drill several exploration holes to depths of up to 1,500 feet during September.

CEO Tim Fernback highlighted the project's potential, noting the booming lithium clay exploration in the area despite lower lithium prices. The drilling program, expected to continue until early October, aims to identify clay and sediment layers, water zones, and collect samples for assay. The program is being conducted by Envirotech Drilling and supervised by Rangefront Geological and the company's Qualified Person, Steven McMillin P.G.

Grid Battery Metals Inc. (TSXV:CELL)(OTCQB:EVKRF) has expanded its exploration land holdings by acquiring a new Copper Property in Northern British Columbia. The company has entered into a Purchase and Sale Agreement with AC/DC Battery Metals Inc. to acquire a 100% interest in 17 mineral claims covering 27,525.24 hectares. The transaction terms include a cash payment of $48,172.15 for staking costs reimbursement and issuing 5,000,000 common shares at $0.05 per share. The acquisition is subject to TSX Venture Exchange approval and is considered a 'related party' transaction.

The new property is located in a favorable mining region with existing infrastructure and is strategically positioned to exploit high copper-gold values. The area has a history of exploration dating back to the 1940s, with some promising results for gold in stream sediment sampling. The property is situated near several significant projects, including the Lustdust/Stardust, Kwanika, and Lorraine properties, now part of NorthWest Copper Corp.