With Fears of Lithium Supply Shortages Looming, a Junior Company is Rising to Meet Demand

The electric vehicle (EV) market continues to dominate vehicle sales, having tripled in the last three years from 4 per cent in 2020 to 14 per cent in 2022, with that number only expected to continue rising. [Open in your browser]( [Stockhouse.com]( [Investor Alert] [With Fears of Lithium Supply Shortages Looming, a Junior Company is Rising to Meet Demand] With fears of lithium supply shortages looming, a junior company is rising to meet demand --------------------------------------------------------------- [Visit the company website]( [Facebook]( [Twitter]( fears of lithium supply shortages looming, a junior company is rising to meet demand) [LinkedIn]( [Email](mailto:?subject=With fears of lithium supply shortages looming, a junior company is rising to meet demand&body= Jocelyn Aspa | The Market Herald The electric vehicle (EV) market continues to dominate vehicle sales, [having tripled in the last three years]( 4 per cent in 2020 to 14 per cent in 2022, with that number only expected to continue rising. Demand for EVs has also led to a dire need for lithium-ion batteries, which use metals such as lithium, cobalt and nickel and are integral for energy storage and delivery. Putting it simply, these metals are crucial for a sustainable future, particularly as lithium demand also continues to surge thanks to its use in EV batteries, with demand expected to exceed 500,000 metric tons by 2030. That being said, a global lithium supply deficit is hanging in the balance, with analysts predicting it could happen as early as 2025 thanks to China's demand outstripping its supply growth. As EV sales continue to grow, this means demand for lithium is only going to increase exponentially, effectively putting pressure on lithium mining companies to produce enough supply. Yet geological complexity and permitting processes hinder rapid expansion of lithium projects and developing lithium mines typically takes a decade or more from the initial discovery to full scale operation. With [an estimated only 101 lithium mines worldwide]( there is a dire need for additional production capacity, and companies like [Grid Battery Metals (TSXV:CELL)]( are poised to benefit from a potential lithium shortage. [SEE COMPANY PROFILE]( The Grid Battery Metals advantage The company has been generating lots of buzz thanks to its strategic location of three lithium projects in Nevada, a region that has become the epicentre of lithium production. Impressively, the company owns a 100 per cent interest in 113 lithium lode and placer claims covering more than 640 hectares in Clayton Valley, which is a down-dropped closed basin formed by the Miocene age Great Basin extension and is still active because of movement along the Walker Lane structural zone. As it currently stands, the company's primary focus is its 100-per-cent-owned Texas Spring Lithium Project, which the company acquired in July for US$55,000 and 8 million shares from Springfield Land Limited Liability. The property includes mineral lode claims in Nevada's Elko County and is in the Granite Range southeast of Jackpot, which is roughly 73 kilometres north-northeast of Wells. The property has the potential to contribute to not only the company's growth but the potential to contribute substantially to the much-needed lithium supply. The property adjoins the southern border of the Nevada North Lithium Project – owned by [Surge Battery Metals Inc. (TSXV:NILI)]( – and is composed of 725 mineral claims. Surge's first round of drilling identified strongly mineralized lithium-bearing clays, [with the highest grade lithium assays to date with up to 8070 ppm lithium](. Over the past few months, [Grid Battery Metals completed the first phase]( of its summer/fall exploration program, which aimed to predict the geological structure and potential locations for lithium accumulation. Highlights of the program include a detailed soil sampling on a 50-metre-by-100-metre spacing and a multi-line CSAMT geophysical survey to obtain information about subsurface resistivity and geology. The company stated this will help it predict geological structure and additional locations for lithium accumulation. Now that it has completed the summer/fall drilling program, Grid Battery Metals is focused on the next steps for the overall exploration plan, which will include a future drilling program. Over at its Volt Canyon project, the company is in the process of completing a phase one exploration program and has [recently announced that its exploration team]( on site in Nevada. In late October, [the company contracted]( the experienced lithium exploration team of Rangefront Geological to conduct a detailed soil sampling on a 100-metre-by-100-metre spacing and intends to use these results, together with a planned second phase exploration program, to help predict geological structure and for potential locations for lithium accumulation. "Once we receive the results from the assay lab, we will use this information and plan our next steps at Volt Canyon,” Tim Fernback, CEO of Grid Battery Metals, said in a statement. "This is a very exciting time for our shareholders and company. It will be great to realize the potential of this new area of Nevada for lithium that has not previously been extensively explored by others in the past. [INVESTOR UPDATES]( The investment corner Grid Battery Metals is poised to be a game changer when it comes to lithium supply and, thanks to a strong management team backed by Fernback who has prior experience with Surge Battery Metals as well as extensive experience with lithium projects in Nevada, investors can be guaranteed a sure thing. The company is also funded for current and future exploration plans and has close to $9 million in cash and marketable securities. As of the time of this writing, Grid Battery Metals has a market capitalization of $12 million and share price of $0.06 which makes it vastly undervalued for the amount of potential it has. With Grid Battery Metals poised to make a dent in lithium supply in the coming years – particularly as supply becomes more and more crucial – investors won't want to miss out on this opportunity. Join the discussion: Find out what everybody's saying about this stock on the [Grid Battery Metals Bullboard]( and check out the rest of [Stockhouse's stock forums and message boards](. [VIEW COMPANY WEBSITE]( This is sponsored content issued on behalf of Grid Battery Metals, please see full disclaimer [here](. The Information in a Stockhouse Publishing Ltd. Stockhouse Alert is a paid advertisement and is for the viewers information only. The corporate information is purely and solely the responsibility of Grid Battery Metals Inc. and it is neither commented upon, researched, or in any manner the responsibility of Stockhouse Publishing Ltd., whose only function is as a supplier of media facilities. Any information provided by the advertisers of Stockhouse Publishing Ltd., through its media services, is not to be construed as a recommendation or suggestion or offer to buy or sell securities but is provided purely as an informational media service. 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