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Be the first with the news that moves the market- Grid Battery Metals (TSXV:CELL) has expanded its land holdings with a new lithium project in Nevada – the Texas Springs Property
- The company signed a purchase and sale agreement to a acquire a 100 per cent interest in certain mineral lode claims from Springfield Land Limited Liability
- Grid Battery Metals will reimburse the staking and recording costs of its previous vendor for US$55,000 upon signing the agreement and issue 8 million fully paid and non-assessable common shares
- Grid Battery Metals Inc. (CELL) opened trading at $0.06 per share
Grid Battery Metals (TSXV:CELL) has expanded its land holdings with a new lithium project in Nevada – the Texas Springs Property.
The company signed a purchase and sale agreement to a acquire a 100 per cent interest in certain mineral lode claims from Springfield Land Limited Liability. The mineral lode claims are in Elko County.
Grid Battery Metals will reimburse the staking and recording costs of its previous vendor for US$55,000 upon signing the agreement and issue 8 million fully paid and non-assessable common shares in the capital of the company once the TSX Venture Exchange accepts the deal.
The property is in the Granite Range southeast of Jackpot, Nevada, 73 kilometres north-northeast of Wells, Nevada. The target is a lithium clay deposit in volcanic tuff and tuffaceous sediments of the Humbolt Formation. The Texas Spring property adjoins the southern border of the Nevada North Lithium Project, owned by Surge Battery Metals Inc. (TSXV:NILI) and composed of 303 mineral claims.
Surge’s first round of drilling identified strongly mineralized lithium bearing clays. The average lithium content within all near surface clay zones intersected in the 2022 drilling program, applying a 1,000 parts-per-million cut-off, was 3,254 ppm.
Grid Battery Metals Inc. (formerly Nickel Rock Resources Inc.) is an exploration and mining company. The company primarily explores nickel-iron alloys, important in the manufacture of environmentally efficient batteries for the electric vehicle markets. Its projects are Hard Nickel Group; Nickel 100 Group and Clayton Valley Lithium.
Grid Battery Metals Inc. (CELL) opened trading at $0.06 per share.
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