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 (1). Tesla shares soared 10% in the first half of trading on Monday after a Morgan Stanley upgrade, and optimistic note that envisioned Tesla selling AI technology to other automakers, and saving money by using its own GPUs as much as possible, rather than paying for chip supply from Nvidia.
As the demand for battery metals like lithium continues to soar, companies like Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) could be poised to benefit from this growing market (2).
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 (2). Grid Battery Metals Inc. is a Canadian based exploration company whose primary listing is on the TSX Venture Exchange. The Company's maintains a focus on exploration for high value battery metals required for the electric vehicle (EV) market. www.gridbatterymetals.com.
On September 6th, Grid Battery Metals Inc. (TSXV:CELL), (OTCQB:EVKRF), (FRA:NMK2) announced that it has contracted the services of Rangefront Geological ("Rangefront") a highly experienced Nevada-based mining services company to perform a detailed soil sampling on a 50 m X 100 m spacing on the Texas Spring Lithium Property planned to begin in early September.For over a decade, Rangefront has combined in-depth expertise with cutting-edge technology to provide mining consulting services, contract labor, field crew services, and vehicular support to the mining industry. With services available across North America, Rangefront will work closely with Grid to provide high-quality soil sampling and mineral exploration program tailored to the Texas Spring Lithium project. Rangefront has quite a bit of experience in the immediate area, having recently completed soil sampling and mineral exploration work on the adjacent Nevada North Lithium Project owned by Surge Battery Metals (TSXV:NILI, OTCQB:NILIF).
Tim Fernback, Grid President & CEO comments "Rangefront is a company that our geological team members have used several times in the past for lithium exploration work in Nevada for both Grid and other companies that we have managed in the past, including Surge Battery Metals, and Fuse Battery Metals. This soil sampling program will take place in early September 2023 and Rangefront will continue to do additional sampling on our Volt Canyon Lithium property in early October 2023. This is part of a methodical and systematic approach to high quality mineral exploration for this highly sought after metal in Nevada. This soil sampling together with planned geophysics and geochemistry on our Nevada properties, will allow us to select drill targets for subsequent exploration programs in the future. " (3)
As of June 2023, Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) has $4.8 million Canadian dollars ($3.6 million U.S. dollars) in unallocated working capital to carry out their exploration programs on their portfolio of lithium and nickel projects. (4)
Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) owns six million shares of Surge Battery Metals Inc (OTC: NILIF) (TSXV:NILI). The management team at Grid Battery Metals was also the founding management team of Surge Battery Metals and is very experienced in Nevada Lithium exploration for over a decade. As of July 2023, these marketable shares are worth another $3 million Canadian dollars ($2.260 U.S. dollars). Surge Battery Metals has a significant lithium discovery in Northern Nevada, originally located through the hard work of its founding management and geological teams in Nevada. (4)
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. (5)
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. (6)(7)
As the world embraces the electrification of transportation and renewable energy solutions, Grid Battery Metals Inc. (OTCQB: EVKRF) (TSXV: CELL) could be 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 seems primed to lead the way in the EV revolution.
Other notable lithium stocks to place on top of radar include Albemarle Corporation (ALB), Sociedad Quimica y Minera de Chile (SQM), Mineral Resources Limited (MALRY), Livent Corporation (LTHM), Lithium Americas Corp. (LAC), Sigma Lithium Corporation (SGML), Ganfeng Lithium Group Co., Ltd. (GNENF), Pilbara Minerals Limited (PILBF)
Source 1: 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 2: https://gridbatterymetals.com/wp-content/uploads/2023/05/Grid-Battery-Metals-Deck_ES_20230523.pdf
Source 3: https://finance.yahoo.com/news/grid-battery-metals-begin-texas-113000623.html
Source 4: https://gridbatterymetals.com/grid-battery-closes-3000000-private-placement/
Source 5: https://gridbatterymetals.com/wp-content/uploads/2023/05/Grid-Battery-Metals-Deck_ES_20230523.pdf
Source 6: https://gridbatterymetals.com/management/ Source 26: https://engineering.tamu.edu/news/2022/03/_news-images/CHEN-Balbuena-21Mar22.jpeg
Source 7: https://surgebatterymetals.com/corporate-governance/#corp-management
Source 8: https://metalsmarketreaders.com/soaring-battery-metal-demand/
Disclaimer: FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. Please ensure to fully read and comprehend our disclaimer found at https://investorbrandmedia.com/disclaimer/. A payment of one thousand and six hundred dollars was received by InvestorBrandMedia.com from a 3rd party for content distribution on EVKRF, from 09/11/2023 to 09/14/23/2023. InvestorBrandMedia.com is neither an investment advisor nor a registered broker. No current owner, employee, or independent contractor of InvestorBrandMedia.com is registered as a securities broker-dealer, broker, investment advisor, or IA representative with the U.S. Securities and Exchange Commission, any state securities regulatory authority, or any self-regulatory organization. This article may contain forward-looking statements as defined under Section 27A of the Securities Act of 1933 and 21E of the Exchange Act of 1934. These statements, often incorporating terms like "believes," "anticipates," "estimates," "expects," "projects," "intends," or similar expressions about future performance or conduct, are based on present expectations, estimates, and projections, and are not historical facts. They carry various risks and uncertainties that may result in significant deviation from the anticipated results or events. Past performance does not guarantee future results.InvestorBrandMedia.com does not commit to updating forward-looking statements based on new information or future events. Readers are encouraged to review all public SEC filings made by the profiled companies at https://www.sec.gov/edgar/searchedgar/companysearch. It is always important to conduct thorough due diligence and exercise caution in trading.InvestorBrandMedia.com is not managed by a licensed broker, a dealer, or a registered investment adviser. The content here is purely informational and should not be taken as investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor regarding forward-looking statements. Any statement that projects, foresees, expects, anticipates, estimates, believes, or understands certain actions to possibly occur are not historical facts and may be forward-looking statements. These statements are based on expectations, estimates, and projections that could cause actual results to differ greatly from those anticipated. Investing in micro-cap and growth securities is speculative and entails a high degree of risk, potentially leading to a total or substantial loss of investment. Please note that no content published here constitutes a recommendation to buy or sell a security. It is solely informational, and you should not construe it as legal, tax, investment, financial, or other advice. No content in this article constitutes an offer or solicitation by InvestorBrandMedia.com or any third-party service provider to buy or sell securities or other financial instruments. The content in this article does not address the circumstances of any specific individual or entity and does not constitute professional and/or financial advice. InvestorBrandMedia.com is not a fiduciary by virtue of any person's use of or access to this content.
Company Name: Investor Brand Media
Contact Person: Ash K
Phone: (954) 593-5597
Country: United States