Grid Battery Metals Announces Filing of NI 43-101 Technical Report for Clayton Valley Lithium Project

Grid Battery Metals Inc. has officially filed the NI 43-101 Technical Report for its Clayton Valley Lithium Project in Nevada, as noted in a recent announcement. The report, prepared by Rangefront Geological's Steven McMillin P.G., outlines the findings from soil samples, geophysical surveys, and drilling activities aimed at identifying lithium-rich zones. It sets the stage for a comprehensive exploration plan in 2024 that includes further geophysical surveys, soil sampling, and exploratory drilling.

Tim Fernback, President & CEO of Grid Battery, expressed optimism about the project's future, highlighting the company's strong financial position with approximately CAD$7.0 million in treasury, which ensures full funding for the upcoming exploration season. He pointed out Clayton Valley's unique status as home to the only producing lithium brine system in the United States, adjacent to Albemarle Corporation's Silver Peak Lithium Project and close to Century Lithium Corp's highly prospective property.

Fernback also noted Nevada's repeated recognition as the top mining jurisdiction globally by the Fraser Institute, emphasizing the region's significant potential for lithium brine and claystone deposits. The report's recommendations aim to unlock this potential for Grid Battery Metals' shareholders.