Electric Vehicles (EVs) have rocketed to mainstream attention, spearheaded by giants like Tesla (TSLA). With global EV sales breaching the 10 million mark in 2022 and the U.S. gearing up for a projected 1 million EV sales in 2023, the growth is palpable. Behind this surge is a critical component – batteries. Their far-reaching applications, spanning from transportation to energy storage, emphasize their vital role in the green energy shift. Yet, they rely on pivotal raw materials such as lithium, copper, nickel, and cobalt.Governments worldwide recognize the importance of these materials.

For instance, the European Union’s “Critical Raw Materials Act” of 2023 seeks to ensure a sustainable supply chain. The U.S., too, is leaning towards domestic sourcing. This shift has shone the spotlight on companies with domestic mining footprints for these crucial minerals. Among these, Grid Battery Metals Inc. (OTCQB:EVKRF)(TSX.V:CELL), alongside others like Surge Battery Metals and Century Lithium, emerges as a potential promising name. A deep dive into Grid Battery Metals reveals its ambitions to dominate the domestic mining landscape. Based in British Columbia, this veteran firm with decades of experience zeroes in on mining essential minerals, notably lithium and nickel.

The rationale is clear: the surging demand for these minerals, propelled by forecasts suggesting that nearly 30% of vehicles will sport lithium-ion batteries by 2030. Among its multiple projects, Grid Battery Metals has made waves with its Clayton Valley and Volt Canyon Projects, and the new addition, the Texas Spring property in Nevada. Notably, Texas Spring is neighbors with Surge’s Nevada North Lithium Project, which has unveiled lithium deposits with a remarkable content of 3254 ppm, way beyond the encouraging threshold of 100 ppm.

Moreover, with Nevada touted as a premier mining investment hub, it’s an optimal base for Grid Battery Metals to amplify its operations. Grid Battery Metals’ financial health speaks volumes about its prospects. Having recently raised CA$3 million via a private placement, bolstered by its existing reserves of CA$4.5 million and marketable securities worth CA$3.6 million, the firm boasts of a war chest surpassing CA$8 million.

A buoyant Mr. Tim Fernback, Company President & CEO, remarked, “With our funding in place for 2023 and 2024, we’re poised for aggressive exploration on our existing properties and scouting for new strategic lithium properties.” For investors, Grid Battery Metals potentially offers a compelling proposition: a small-cap entity poised for growth in a sector on the cusp of a revolution.

7 Reasons Why Grid Battery Metals Inc.(OTCQB: EVKRF) (TSXV: CELL) Could See Significant Upside Potential In 2023.

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), and Pilbara Minerals Limited (PILBF) are soe of the leading players in the lithium sector that needs to be placed on top of radar. 

Source: https://finance.yahoo.com/news/esg-requirements-promote-onshoring-critical-130000797.html

Source: https://www.forbes.com/advisor/investing/best-lithium-stocks/

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