Grid Battery Metals (TSXV:CELL; OTCQB:EVKRF) focuses on high-value battery metals required for the electric vehicle (EV) market through its highly prospective lithium and nickel properties in North America. Grid has three lithium properties in Nevada: Texas Springs, Clayton Valley, and Volt Canyon.
The Texas Springs Property, located in Elko County, covers approximately 2,500 hectares and is adjoining the southern boundary of the Nevada North Lithium Project owned by Surge Battery Metals (TSXV:NILI). Surge recently announced high-grade lithium of up to 8,070 parts per million (ppm) lithium on the Nevada North Lithium project, which increases the likelihood of a large-scale high-grade lithium discovery at Texas Springs.
The company has completed the first phase of its initial exploration program at Texas Springs, which included a CSAMT geophysical survey and a detailed soil sampling on a 50-meter by 100-meter spacing. Results from these two exploration programs will be key to determining its 2024 exploration plan and possible drilling locations for clay-based lithium targets.
This Grid Battery Metals profile is part of a paid investor education campaign.*
(TheNewswire)
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Coquitlam, BC TheNewswire - March 17, 2025 - Grid Battery Metals Inc. (the "Company" or "Grid Battery") (TSXV: CELL, OTCQB: EVKRF FRA: NMK2) announces that further to its news release dated August 29, 2024, and the TSX Venture Exchange's ("Exchange") conditional acceptance letter dated October 9, 2024, the Company has now closed the "related party" transaction subject to final Exchange approval.
The Company entered into a Purchase and Sale Agreement dated August 26, 2024 (the "Agreement"), with AC/DC Battery Metals Inc. ("AC/DC"), whereby the Company has acquired a 100% interest in 17 copper mineral claims comprising 27,525.24 hectares located in North Central British Columbia. The region is host to numerous operating mines, good infrastructure including experienced exploration and supporting services (the "Transaction").
Terms of the Transaction:
Pursuant to the terms of the Agreement, the Company issued 5,000,000 common shares at a deemed value of $0.05 per share to AC/DC upon Closing. The Company also paid AC/DC $48,172.15 in staking costs.
All securities issued in connection with the Transaction are subject to a four month and a day hold period expiring on July 18, 2025, in accordance with Canadian Securities Laws.
Pursuant to TSXV Policy 5.9 and Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions (" MI 61-101 "), the Agreement constitutes a "related party transaction" due to the fact that there are common officers and directors of the Company and AC/DC. The Company relied on Section 5.5(a) of MI 61-101 for an exemption from the formal valuation requirement and Section 5.7(1)(a) of MI 61-101 for an exemption from the minority shareholder approval requirement of MI 61-101 as the fair market value of the transaction did not exceed 25% of the Company's market capitalization. No new insiders will be created, nor will any change of control occur, as a result of the Transaction .
Tim Fernback, President and CEO States "It has taken a while to get this Transaction approved but it is for the ultimate benefit of the shareholders. Now we can begin the next exploration steps as outlined in our NI 43-101 Technical Report."
NI 43-101 – Technical Report:
In connection with the closing of the Transaction the Company has filed on SEDAR+ at www.sedarplus.ca a NI 43-101 Technical Report for Grid's BC Copper Gold Project, dated January 24, 2025, prepared by Jeremy Hanson. The Report can also be viewed on the Company's website at Grid Copper Project Technical Report .
Qualified Person
Jeremy Hanson, P.Geo., an independent qualified person as defined under National Instrument 43-101 has reviewed and approved the technical content in this news release.
About Grid Battery Metals Inc. www.gridbatterymetals.com .
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.
About the British Columbia Copper Property
"We're excited that we have acquired approximately 275 km 2 of tenures in such a favourable mining region within BC." commented Tim Fernback, President and CEO. "This area of the Province has already generated several promising projects, and our land package is strategically situated to exploit the high copper-gold values of the region. NorthWest Copper Corp. ( TSXV: NWST ) on the nearby Kwanika project intercepted 400 metres of 1.01% Copper equivalent (News Release January 16, 2023 Northwest Copper Corp). BC is a mining-friendly jurisdiction with reasonable processes, good infrastructure and potential First Nation partners."
B.C. Minfile assessment report data indicates that most of the area covered by the Copper Property was at one time or another covered by staking during surges of exploration in B.C. dating from the 1940's to present day. Largely the claims appear to have been minimally explored with little follow-up. However, some work was recorded on several claims with results for stream sediment sampling showing anomalous to highly anomalous results for gold in a few areas. These areas were recommended for detailed follow-up, however due to a downturn no further work was recorded
Prominent among early discoveries in the Omineca region were the nearby Lustdust/Stardust property (a property developed by Lorraine Copper that was sold to Sun Metals Corp. which eventually merged with Serengeti Resources to become NorthWest Copper Corp.) covering a large, coherent integrated porphyry-skarn, epithermal system; the Kwanika property (a Serengeti/POSCO Daewoo property also became a NorthWest Copper Corp. property upon the merger with Serengeti Resources) a promising advanced stage copper-gold project; the Lorraine property (originally discovered by Lorraine Copper and now a NorthWest Copper Corp. property)an alkalic copper-gold porphyryr. The tenures are located between the Kemess North project being developed by Centerra Gold Inc. ( TSX: CG, NYSE: CGAU ) and its operating Mt Milligan mine, which is reported to contain 1.8 million ounces of gold and 742 million pounds of copper (Technical Report on the Mount Milligan Mine, November 7, 2022, Borntrager. B, et al.)
The Omineca Group claim areas are within the northern Quesnel Trough underlain by Cache Creek Terrane and lies close to the Pinchi Fault. The Quesnel Trough hosts numerous porphyry copper-gold deposits. The Pinchi Fault can be traced for 600 km through north-central B.C and separates Cache Creek rocks from the Jurassic Hogem Batholith and Triassic-Jurassic Takla rocks to the west. Rocks have a north-northwest strike trend typical of the entire Intermontane Belt in which the Cache Creek Terrane lies (Gabrielse and Yorath, 1992). A wide range of Jurassic to Tertiary intrusions cuts the Cache Creek Assemblage and many of these are emplaced along the prominent NW-trending structures and stratigraphic breaks. Numerous mercury occurrences are present along the length of the Pinchi fault (Albino, 1987) and a few gold and base metal occurrences are present near the Pinchi fault including the Lustdust, Lorraine, Indata and Axelgold properties. There are at least two alkalic gold-copper Porphyry systems in the immediate Lustdust (now known as Stardust) area: J49 and Axel Properties (Schiarrizza, 2000).
About Texas Springs Property
The Company owns a 100% interest in the Texas Spring Property which consists of mineral lode claims located in Elko County, Nevada. The Property is in the Granite Range southeast of Jackpot, Nevada, about 73 km north-northeast of Wells, Nevada. The target is a lithium clay deposit in volcanic tuff and tuffaceous sediments of the Humbolt Formation. A Phase 1 exploration program at the Texas Springs Property (Fall 2023) yielded average lithium grades of 2010 ppm, applying a 1,000 ppm cut-off, and up to 5,610 ppm Lithium .
The Texas Spring property adjoins the southern border of the Nevada North Lithium Project - owned by Surge Battery Metals Inc. ("Surge") (TSXV: NILI, OTC: NILIF) and comprised of 725 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 1000 ppm cut-off, was 3254 ppm. (Press release March 29, 2023 ). More recent results have shown higher grade lithium up to 8070 ppm on this property after initial drilling (Press release September 12, 2023 ). Our exploration results are on-trend with these results.
About Clayton Valley Lithium Project
The Company owns a 100% interest in 113 lithium lode and placer claims covering over 930 hectares in Clayton Valley. Clayton Valley is a down-dropped closed basin formed by the Miocene age Great Basin extension and is still active due to movement along the Walker Lane structural zone. As a result, the basin has preserved multiple layers of lithium bearing volcanic ash, resulting from multiple eruptive events over the past 6 million years including eruptions from the 700,000-year-old Long Valley Caldera system and related events. These ash layers are thought to contribute to the lithium brines extracted by Albemarle and are also likely involved in the formation of the exposed lithium rich clay deposits on the east side of Clayton Valley.
About the Volt Canyon Lithium Property
The Company owns a 100% interest in 80 placer claims covering approximately 635 hectares of alluvial sediments and clays located 122 km northeast of Tonopah, Nevada.
On Behalf of the Board of Directors
"Tim Fernback"
Tim Fernback, President & CEO
Contact Information:
Email: info@gridbatterymetals.com
Phone: 604- 428-5690
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements. It should be noted that results from any adjacent property(s) are not an indication of what may be found on the Company's property(s).
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
(TheNewswire)
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Coquitlam, BC TheNewswire - January 21, 2025 - Grid Battery Metals Inc. (the "Company" or "Grid") ( TSXV: CELL, OTCQB: EVKRF FRA: W47 ) is pleased to announce the results of its fall 2024 reverse circulation drilling program on the Company's claim block at Silver Peak, Clayton Valley, Esmeralda County, Nevada. This strategic land package, covering approximately 2,300 acres (930 ha), directly adjoins the western portion of lithium producer Albemarle's (NYSE: ALB) evaporation ponds and is nearby Century Lithium Corp.'s (TSXV: LCE) (OTCQB: CYDVF) proposed 5,430-acre Angel Island Lithium Mine, which recently released a Positive Feasibility Study detailing a 40-year mine life and an after-tax NPV8 of $3.01 billion .
Drilling Image from the Clayton Valley Lithium Project
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Mr. Tim Fernback, Company President and CEO comments "Now that we have the results of the fall 2024 exploration program at our Clayton Valley Lithium Project, we are excited about the next steps of further testing the lithium content of the claystones and brine in the southern part of the claim which is near the Silver Peak Lithium Mine. This area holds the greatest promise as a lithium deposit for our company at Clayton Valley. One of the stated goals of the fall drilling program was to test the depth of the accumulated lithium brine and claystones on our property which was completed. With this knowledge, we can propose a significant follow-on exploration program that will work towards an eventual maiden resource calculation and NI# 43-101 Preliminary Economic Assessment. We remain very excited about this opportunity in Nevada for our company and shareholders."
Summary of the 2024 Fall Exploration Program at Clayton Valley
Grid Battery Metals completed a five-hole drill program in late October 2024, and assay results have since been returned. A total of 4735 feet were drilled to test for economic lithium clay and lithium brines with the Company landholdings located 1.2 miles northeast of Silver Peak, Nevada. Figure 1 shows the locations of the completed 2024 and 2021 holes.
The ingredients for lithium deposition including basin bounding faults, tuffaceous sediments, and geothermal waters are present on the Grid claims (Figure 2). Geologically, the property lies above a north trending fault graben on the west side of Clayton Valley called the Goat Island Graben. The surface is composed of alluvium, dunes, and playa sediments. Hot-spring related travertine, sinter, and tufa deposits occur on the west edge of the graben andare thought to represent upwelling and lithium bearing geothermal water from the deeper Clayton Valley basins to the east.
Tuffaceous sediments (including sinter and travertine), and alluvial gravels with anomalous lithium were encountered in nearly every hole. Water temperatures were elevated in all holes with a peak temperature of 85˚C in RCV-05. The presence of sinter and travertine in the holes suggests that hot-springs sediments covered a much broader area than the mapped exposures indicate.
Table 1 is a summary of assay results. Water assays were collected in 500 ml plastic bottles every 20 feet and sent to ALS Global where they were weighed, filtered, acidified, and analyzed by ICP-AP. Cutting samples were collected every 5 feet and sent to Bureau Veritas in Reno for analysis. Samples were processed, weighed and air-dried. Samples were crushed to 70% passing 10 mesh in a 250 g split. The analysis was by multi-acid digest with ICP-MS/ES finish. QA/QC standards, blanks, and field duplicates were inserted approximately every 20 samples.
Lithium concentrations in water samples were determined in all holes. The best drill-cutting intercept occurs in RCV-04 in tuffaceous sediments between 80 and 250 feet with an average of 298 ppm Li that includes grades to 741 ppm and is worthy of further exploration . Published low-grade clay-hosted lithium assays are approximately 800-850 ppm. While lithium assays generally diminish to the north, there is still untested property to the south to explore for shallow, but higher-grade lithium which is of considerable interest to the Grid Exploration Team.
The anticipated thickness of the sediments above Cambrian basement (1500-1800 feet) in the Goat Island Graben appears thinned by the presence of basalt with an unknown thickness that may occur along the length of the Graben. However, this "flow" may lie on top of older sediments within the graben, G. and could potentially act as an ideal aquitard for lithium brines (Figure 2). Seismic survey lines would help to establish the basalt depth and plan for deeper drill targets. Grid Battery Metals will consider its exploration options for 2025 with a primary focus on the southern area of the claim block which returned the highest lithium drill results for the Company.
Figure 1: Grid Battery Metals property with drill hole locations, faults, and hot-spring related rocks
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Figure 2: Interpretive north facing cross-section showing extended hot-springs rocks and basalt. Section is located between RCV-01 and RCV-05
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Table1: Summary of Results
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Mr. Steven McMillin, P.G. Company Qualified Person, states "For a follow-up program consisting of shallow holes less than 600 feet could rapidly test for higher grade lithium to the south of RCV-04. For a deeper test beneath basalt, an active seismic test line should be considered to identify the basalt thickness and hopefully the graben bottom. Drilled lithologies, particularly basalt, will help calibrate the seismic results. If the results indicate there is a lower package of sediments, then more lines to the south RCV-04 and possibly over holes drilled to the north could be conducted. Magnetotelluric results in conjunction of the seismic results can be reinterpreted. From this, a much better geologic model can be constructed to plan deeper drill holes".
Mr. McMillin continues "There is a possibility of a deeper section of sediments below the basalt in the Goat Island Graben. Basalt could be an excellent aquitard for lithium brines."
Assays
Cutting samples were sent to Bureau Veritas ("BV") laboratory in Reno. Samples were processed, weighed and air-dried. The air drying was recommended by Applied Hydrologic of Reno because normal drying temperatures in a lab may volatilize lithium. Unfortunately, additional time was added to sample processing. After weighing, samples were crushed to 70% passing 10 mesh in a 250 g split. The analysis was by multi-acid digest with ICP-MS/ES finish.
Water samples were delivered to the ALS Global laboratory in Elko. The water samples were kept in a cooler with ice until delivery. Samples were logged in, filtered, and acidified. The analysis was done by ICP instrumentation.
Geology Logging
Lithology samples were captured every 5 feet using a strainer and placed into 20-compartment plastic chip trays for geologic logging. Chip logging into an Excel spreadsheet was conducted during night and day shifts. and lithology, structure, alteration, and mineralization were logged into separate worksheets.
Drillhole Geology
The geology of all holes drilled is summarized in Table 1. Material drilled includes lacustrine alluvial sediments, and basalt Common features encountered in nearly every hole include:
• Thin recent alluvium cover of approximately 20 feet.
• Clay and travertine/sinter intervals to approximately 400 feet from the surface.
• Basalt from approximately 400 feet with an unknown total thickness. The exceptions
are RCV-06 and RCV-08 where no basalt was drilled.
• Groundwater temperatures of 85̊-120̊ F. RCV-05 ended with 180˚ F water.
• Evidence of active hydrothermal alteration at multiple elevations in multiple
lithologies.
• Water flows of up to 220 gallons per minute.
Alteration in tuffaceous units consists of distinct greenish or gray clays.
Qualified Person
Mr. Steven McMillin, P.G. is an independent qualified person as defined by National Instrument 43-101 and has reviewed and approved the technical information contained within this news release.
About Grid Battery Metals Inc. www.gridbatterymetals.com .
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.
About Texas Springs Property
The Company owns a 100% interest in the Texas Spring Property which consists of mineral lode claims located in Elko County, Nevada. The Property is in the Granite Range southeast of Jackpot, Nevada, about 73 km north-northeast of Wells, Nevada. The target is a lithium clay deposit in volcanic tuff and tuffaceous sediments of the Humbolt Formation. A Phase 1 exploration program at the Texas Springs Property (Fall 2023) yielded average lithium grades of 2010 ppm, applying a 1,000 ppm cut-off, and up to 5,610 ppm Lithium .
The Texas Spring property adjoins the southern border of the Nevada North Lithium Project - owned by Surge Battery Metals Inc. ("Surge") (TSXV: NILI, OTC: NILIF) and comprised of 725 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 1000 ppm cut-off, was 3254 ppm. (Press release March 29, 2023 ). More recent results have shown higher grade lithium up to 8070 ppm on this property after initial drilling (Press release September 12, 2023 ). Our exploration results are on-trend with these results.
About Clayton Valley Lithium Project
The Company owns a 100% interest in 113 lithium lode and placer claims covering over 930 hectares in Clayton Valley. Clayton Valley is a down-dropped closed basin formed by the Miocene age Great Basin extension and is still active due to movement along the Walker Lane structural zone. As a result, the basin has preserved multiple layers of lithium bearing volcanic ash, resulting from multiple eruptive events over the past 6 million years including eruptions from the 700,000-year-old Long Valley Caldera system and related events. These ash layers are thought to contribute to the lithium brines extracted by Albemarle and are also likely involved in the formation of the exposed lithium rich clay deposits on the east side of Clayton Valley.
About the Volt Canyon Lithium Property
The Company owns a 100% interest in 80 placer claims covering approximately 635 hectares of alluvial sediments and clays located 122 km northeast of Tonopah, Nevada.
About the British Columbia Copper Project
The Company acquired a 100% interest in 17 mineral claims comprising 27,525 hectares (approximately 275 km 2 ) located in North Central British Columbia, that has conditional approval by the TSX Venture Exchange at the time of this news release. The region is host to numerous operating mines, good infrastructure including experienced exploration and supporting services. Prominent among early discoveries in the Omineca region include the nearby Lustdust/Stardust Copper – Gold deposit; the Kwanika Copper - Gold deposit and the Lorraine Copper deposit (all of which are owned by ( NorthWest Copper Corp. ( TSXV: NWST ) ).
The Company's claims are also located between Centerra Gold Inc.'s ( TSX: CG, NYSE: CGAU ) prominent Copper/Gold assets, the Kemess North project and the operating Mount Milligan mine, which has produced over 1.8 million ounces of gold and 742 million pounds of copper (Technical Report on the Mount Milligan Mine, November 7, 2022, Borntrager. B, et al.).
On Behalf of the Board of Directors
"Tim Fernback"
Tim Fernback, President & CEO
Contact Information:
Email: info@gridbatterymetals.com
Phone: 604- 428-5690
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements. It should be noted that results from any adjacent property(s) are not an indication of what may be found on the Company's property(s).
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
Grid Battery Metals Inc. (the "Company" or "Grid") (TSXV: CELL)(OTCQB:EVKRF)(FRA:W47) is pleased to announce that its reverse circulation drilling program has now been completed on the Company's claim block at Silver Peak, Clayton Valley, Esmeralda County, Nevada. This strategic land package, covering approximately 2,300 acres (930 ha), directly adjoins the western portion of lithium producer Albemarle's (NYSE:ALB) evaporation ponds and is nearby Century Lithium Corp.'s (TSXV:LCE)(OTCQB:CYDVF) proposed 5,430-acre Angel Island Lithium Mine, which recently released a Positive Feasibility Study detailing a 40-year mine life and an after-tax NPV8 of $3.01 billion
Mr. Tim Fernback, Company President and CEO comments "Now that our fall drilling program at our Clayton Valley Lithium Project has been successfully completed, we are eagerly awaiting the lithium assay results from the lab. One of the stated goals of the planned drilling program was to test the depth of the accumulated lithium brine and claystones on our property. With this knowledge, we can propose a significant follow-on exploration program that will work towards an eventual maiden resource calculation and NI# 43-101 Preliminary Economic Assessment. We remain very excited about this opportunity in Nevada for our company and shareholders."
Exploration Images from the Clayton Valley Lithium Project
Mr. Steven McMillin P.G. comments "We ended the drilling program with our last hole drilled to a depth of 1,160 feet, testing a considerable section of possible lithium bearing sediments on the property. In total, five holes were completed for 4730 total feet. Four holes were originally planned, but a fifth hole (RCV-08) was offset from RCV-06 that was lost at a shallow depth to bad ground conditions. We encountered highly variable drilling conditions in each hole including high water temperatures and volumes. Lithologies were also variable from hole to hole. However, in most holes we encountered evidence of hot spring style alteration within the first 600 feet in the form travertine and tufa. Several heavy clay layers were encountered in most holes that could have originally been tuff units. Our last hole (RCV-08) was terminated by an impenetrable zone of heavy brick red ball clay. In Clayton Valley, sinter, travertine, and tufa are considered surface evidence of geothermal waters that can leach and mobilize lithium from ash layers at depth. Both drill cuttings and water were sent for analysis."
Mr. Fernback continues "The results from the Clayton Valley Lithium Project fall drilling program are expected to arrive in mid-late November."
Area Map (Clayton Valley Lithium Project)
Qualified Person
Mr. Steven McMillin, P.G. is an independent qualified person as defined by National Instrument 43-101 and has reviewed and approved the technical information contained within this news release.
About Grid Battery Metals Inc.www.gridbatterymetals.com.
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.
About Texas Springs Property
The Company owns a 100% interest in the Texas Spring Property which consists of mineral lode claims located in Elko County, Nevada. The Property is in the Granite Range southeast of Jackpot, Nevada, about 73 km north-northeast of Wells, Nevada. The target is a lithium clay deposit in volcanic tuff and tuffaceous sediments of the Humbolt Formation. A Phase 1 exploration program at the Texas Springs Property (Fall 2023) yielded average lithium grades of 2010 ppm, applying a 1,000 ppm cut-off, and up to 5,610 ppm Lithium.
The Texas Spring property adjoins the southern border of the Nevada North Lithium Project - owned by Surge Battery Metals Inc. ("Surge") (TSXV: NILI, OTC: NILIF) and comprised of 725 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 1000 ppm cut-off, was 3254 ppm. (Press release March 29, 2023). More recent results have shown higher grade lithium up to 8070 ppm on this property after initial drilling (Press release September 12, 2023). Our exploration results are on-trend with these results.
About Clayton Valley Lithium Project
The Company owns a 100% interest in 113 lithium lode and placer claims covering over 930 hectares in Clayton Valley. Clayton Valley is a down-dropped closed basin formed by the Miocene age Great Basin extension and is still active due to movement along the Walker Lane structural zone. As a result, the basin has preserved multiple layers of lithium bearing volcanic ash, resulting from multiple eruptive events over the past 6 million years including eruptions from the 700,000-year-old Long Valley Caldera system and related events. These ash layers are thought to contribute to the lithium brines extracted by Albemarle and are also likely involved in the formation of the exposed lithium rich clay deposits on the east side of Clayton Valley.
About the Volt Canyon Lithium Property
The Company owns a 100% interest in 80 placer claims covering approximately 635 hectares of alluvial sediments and clays located 122 km northeast of Tonopah, Nevada.
About the British Columbia Copper Project
The Company acquired a 100% interest in 17 mineral claims comprising 27,525 hectares (approximately 275 km2) located in North Central British Columbia. The region is host to numerous operating mines, good infrastructure including experienced exploration and supporting services. Prominent among early discoveries in the Omineca region include the nearby Lustdust/Stardust Copper - Gold deposit; the Kwanika Copper - Gold deposit and the Lorraine Copper deposit (all of which are owned by (North West Copper Corp. (TSXV:NWST)).
The Company's claims are also located between Centerra Gold Inc.'s (TSX:CG, NYSE:CGAU) prominent Copper/Gold assets, the Kemess North project and the operating Mount Milligan mine, which has produced over 1.8 million ounces of gold and 742 million pounds of copper (Technical Report on the Mount Milligan Mine, November 7, 2022, Borntrager. B, et al.).
On Behalf of the Board of Directors
"Tim Fernback"
Tim Fernback, President & CEO
Contact Information:
Email: info@gridbatterymetals.com
Phone: 604- 428-5690
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements. It should be noted that results from any adjacent property(s) are not an indication of what may be found on the Company's property(s).
SOURCE: Grid Battery Metals Inc.
News Provided by ACCESSWIRE via QuoteMedia
(TheNewswire)
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Coquitlam, BC September 26, 2024 TheNewswire Grid Battery Metals Inc. (the "Company" or "Grid") ( TSXV: CELL, OTCQB: EVKRF FRA: W47 ) is pleased to announce that a reverse circulation drilling program is well under way on the Company's claim block at Silver Peak, Clayton Valley, Esmeralda County, Nevada. This strategic land package, covering approximately 2,300 acres (930 ha), directly adjoins the western portion of lithium producer Albemarle's (NYSE: ALB) evaporation ponds and is nearby Century Lithium Corp.'s (TSXV: LCE) (OTCQB: CYDVF) proposed 5,430-acre Angel Island Lithium Mine. The Company has completed the drilling of its first hole to a depth of over 870 feet, with the remaining drill holes proposed to a maximum depth of 1500 feet.
Mr. Tim Fernback, Company President and CEO comments "Our Clayton Valley Lithium Project is situated near Albemarle Corporation's (NYSE: ALB) Silver Peak Mine which is North America's only producing lithium brine mining operation. Our property is located immediately to the west of this existing Albemarle lithium production facility. Additionally, our lithium property is near Century Lithium's (TSXV: LCE) (OTCQB: CYDVF) Angel Island lithium project, which recently released a Positive Feasibility Study detailing a 40-year mine life and an after-tax NPV8 of $3.01 billion . One of the stated goals of the planned drilling program will be to test the depth of the accumulated lithium brine and claystones on our property. With this knowledge, we can propose a significant follow-on exploration program that will work towards an eventual resource calculation and NI# 43-101 Preliminary Economic Assessment. We remain very excited about this opportunity in Nevada for our company and shareholders. "
Mr. Fernback continues "The reverse circulation drilling program is expected to continue until early October and is being performed by experienced mining contractor, Envirotech Drilling LLC and supervised by Rangefront Geological ("Rangefront") and our Company Qualified Person Steven McMillin P.G."
Mr. Steven McMillin P.G. comments "There is considerable surface evidence of geothermal activity in this area. Our first drill hole found encountered hydrothermally altered sediments (sinter) affiliated with hot springs from 10 to 265 feet interspersed with intervals of gray clay altered air fall tuff at both 205 feet and 250 feet. It is located nearly 1200 feet east of the nearest mapped tufa and sinter. In Clayton Valley, sinter and tufa are considered surface evidence of geothermal waters that can leach and mobilize lithium from ash layers at depth. Heterolithic gravels occur immediately beneath the sinter and extend to 410 and basalt lava occurs from 410 to 820 feet. The hole ended in Paleozoic sediments at 870 feet."
Images on Location (Clayton Valley Lithium Project)
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Planned Drill Locations (Clayton Valley Lithium Project)
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The Company also announces that further to its news release dated August 16, 2024, the Company has revised its Marketing Contract with i2i Marketing Group, LLC ("i2i") and the payments will now be as follows:
Upon Exchange Approval the Company will pay i2i an initial payment of $150,000 USD (the "Initial Media Budget");
On the 1 st day of October, November and December, 2024, the Company will pay equal payments to i2i of $150,000 USD for an initial term of four months (the "Initial Term"); and
On the 1 st day of January, 2025 and February, 2025 the Company will pay equal payments to i2i of $300,000 USD for a secondary term of four months (the "Secondary Term").
All other terms of the revised agreement remain the same.
About Rangefront Geological
Elko Nevada-based Rangefront Geological 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 works closely with its clients to provide high-quality mineral exploration services.
Qualified Person
Mr. Steven McMillin, P.G. is an independent qualified person as defined by National Instrument 43-101 and has reviewed and approved the technical information contained within this news release.
About Grid Battery Metals Inc. www.gridbatterymetals.com .
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.
About Texas Springs Property
The Company owns a 100% interest in the Texas Spring Property which consists of mineral lode claims located in Elko County, Nevada. The Property is in the Granite Range southeast of Jackpot, Nevada, about 73 km north-northeast of Wells, Nevada. The target is a lithium clay deposit in volcanic tuff and tuffaceous sediments of the Humbolt Formation. A Phase 1 exploration program at the Texas Springs Property (Fall 2023) yielded average lithium grades of 2010 ppm, applying a 1,000 ppm cut-off, and up to 5,610 ppm Lithium .
The Texas Spring property adjoins the southern border of the Nevada North Lithium Project - owned by Surge Battery Metals Inc. ("Surge") (TSXV: NILI, OTC: NILIF) and comprised of 725 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 1000 ppm cut-off, was 3254 ppm. (Press release March 29, 2023 ). More recent results have shown higher grade lithium up to 8070 ppm on this property after initial drilling (Press release September 12, 2023 ). Our exploration results are on-trend with these results.
About Clayton Valley Lithium Project
The Company owns a 100% interest in 113 lithium lode and placer claims covering over 930 hectares in Clayton Valley. Clayton Valley is a down-dropped closed basin formed by the Miocene age Great Basin extension and is still active due to movement along the Walker Lane structural zone. As a result, the basin has preserved multiple layers of lithium bearing volcanic ash, resulting from multiple eruptive events over the past 6 million years including eruptions from the 700,000-year-old Long Valley Caldera system and related events. These ash layers are thought to contribute to the lithium brines extracted by Albemarle and are also likely involved in the formation of the exposed lithium rich clay deposits on the east side of Clayton Valley.
Volt Canyon Lithium Property
The Company owns a 100% interest in 80 placer claims covering approximately 635 hectares of alluvial sediments and clays located 122 km northeast of Tonopah, Nevada.
On Behalf of the Board of Directors
"Tim Fernback"
Tim Fernback, President & CEO
Contact Information:
Email: info@gridbatterymetals.com
Phone: 604- 428-5690
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements. It should be noted that results from any adjacent property(s) are not an indication of what may be found on the Company's property(s).
Copyright (c) 2024 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
(TheNewswire)
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Coquitlam, BC TheNewswire - September 12, 2024 - Grid Battery Metals Inc. (the "Company" or "Grid") ( TSXV: CELL, OTCQB: EVKRF FRA: NMK2 ) is pleased to announce that a reverse circulation drilling program is commencing on the Company's claim block at Silver Peak, Clayton Valley, Esmeralda County, Nevada. This strategic land package, covering approximately 2,300 acres (930 ha), directly adjoins the western portion of lithium producer Albemarle's (NYSE: ALB) evaporation ponds and is nearby Century Lithium Corp.'s (TSXV: LCE) (OTCQB: CYDVF) proposed 5,430-acre Angel Island Lithium Mine. The Company plans to drill several exploration holes to maximum depths of 1500 ft. in several strategic locations on the property during the month of September.
Mr. Tim Fernback, Company President and CEO comments "Even though lithium commodity prices are much lower from their earlier highs, the Clayton Valley area is booming again for lithium clay exploration and development. Our Clayton Valley Lithium Project is situated near Albemarle Corporation's (NYSE: ALB) Silver Peak Mine which is North America's only producing lithium brine mining operation. Our property is located immediately to the west of this existing lithium production facility. Additionally, our lithium property is near Century Lithium's (TSXV: LCE) (OTCQB: CYDVF) Angel Island lithium project, which recently released a Positive Feasibility Study detailing a 40-year mine life and an after-tax NPV8 of $3.01 billion . With our current exploration program in place, we will be able to lay the groundwork for a more significant exploration program budget and program in the future. We are excited about this opportunity in Nevada for our lithium clay project."
Mr. Fernback continues "The reverse circulation drilling program is expected to continue until early October. The Company should be able to immediately to identify the various clay and sediment layers and locations of water zones down to the older underlying basement rocks. Maximum estimated depths for these holes are 1500 feet. Samples for assay will include drill cuttings and collected water.
At the Clayton Valley Lithium Project, t he reverse circulation drilling program will be performed by experienced mining contractor, Envirotech Drilling LLC and supervised by Rangefront Geological ("Rangefront") and our Company Qualified Person Steven McMillin P.G.
Proposed Drill Locations (Clayton Valley Lithium Project)
Click Image To View Full Size
Click Image To View Full Size
Mr. Steven McMillin P.G. comments "A major northeast fault interpreted from gravity bisects the claim block and is best apparent in the 500m slice even though the slice is below the basin floor. This suggests that the fault may be a fluid conduit at depth. Three drill holes in the south were selected by our team based on the combination of geophysics data and soil sample data that point to possible lithium accumulation within claystone and brine. The hole located at the north of the property has no significant soil signature as it is buried by alluvium, but it has a low-resistivity anomaly with a significant depth extent. A claystone dominant host for lithium is hypothesized at this location.
About Rangefront Geological
Elko Nevada-based Rangefront Geological 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 works closely with its clients to provide high-quality mineral exploration services.
Qualified Person
Mr. Steven McMillin, P.G. is a Qualified Person as defined by National Instrument 43-101 and has approved the technical information contained within this news release.
About Grid Battery Metals Inc.
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.
About Texas Springs Property
The Company owns a 100% interest in the Texas Spring Property which consists of mineral lode claims located in Elko County, Nevada. The Property is in the Granite Range southeast of Jackpot, Nevada, about 73 km north-northeast of Wells, Nevada. The target is a lithium clay deposit in volcanic tuff and tuffaceous sediments of the Humbolt Formation. A Phase 1 exploration program at the Texas Springs Property (Fall 2023) yielded average lithium grades of 2010 ppm, applying a 1,000 ppm cut-off, and up to 5,610 ppm Lithium .
The Texas Spring property adjoins the southern border of the Nevada North Lithium Project - owned by Surge Battery Metals Inc. ("Surge") (TSXV: NILI, OTC: NILIF) and comprised of 725 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 1000 ppm cut-off, was 3254 ppm. (Press release March 29, 2023 ). More recent results have shown higher grade lithium up to 8070 ppm on this property after initial drilling (Press release September 12, 2023 ). Our exploration results are on-trend with these results.
About Clayton Valley Lithium Project
The Company owns a 100% interest in 113 lithium lode and placer claims covering over 930 hectares in Clayton Valley. Clayton Valley is a down-dropped closed basin formed by the Miocene age Great Basin extension and is still active due to movement along the Walker Lane structural zone. As a result, the basin has preserved multiple layers of lithium bearing volcanic ash, resulting from multiple eruptive events over the past 6 million years including eruptions from the 700,000-year-old Long Valley Caldera system and related events. These ash layers are thought to contribute to the lithium brines extracted by Albemarle and are also likely involved in the formation of the exposed lithium rich clay deposits on the east side of Clayton Valley.
Volt Canyon Lithium Property
The Company owns a 100% interest in 80 placer claims covering approximately 635 hectares of alluvial sediments and clays located 122 km northeast of Tonopah, Nevada.
On Behalf of the Board of Directors
"Tim Fernback"
Tim Fernback, President & CEO
Contact Information:
Email: info@gridbatterymetals.com
Phone: 604- 428-5690
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements. It should be noted that results from any adjacent property(s) are not an indication of what may be found on the Company's property(s).
Copyright (c) 2024 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
Bilingual Corporate Video introducing Ni-Co Energy Inc.
Summer Field Program Priorities (June–July)
Updated Interpretation of the 420 Assays from 2023
The 420 samples from the 22 holes drilled in fall 2023 have been recalculated in terms of nickel equivalent (NiEq %), using metal prices as of May 22, 2025 (Ni = $7.0375/lb, Cu = $4.6559/lb, Co = $15.286/lb).
Indicator | Updated Result |
Samples > 0.5 % NiEq | 134 (≈ 32%) |
Samples > 1.0 % NiEq | 70 (≈ 17%) |
Maximum grade | 3.89 % NiEq |
Average grade (all samples) | 0.48 % NiEq |
These data confirm the presence of significant mineralization, which may be associated with a mafic intrusion interpreted from geophysical surveys. Magnetic, gravity, and EM data show remarkable alignment over 8 km, suggesting a highly favorable environment in the central block (Kremer-2) over a 3 km section — an ideal structural setting for the formation of thicker sulfide lenses.
Next Steps – The Company Anticipates Undertaking a Drill Program in the Fall
Photos of the team, outcrops, and trenches will be shared regularly on the company website, as well as on Facebook, LinkedIn, and X during the campaign.
The scientific and technical information in this news release has been reviewed and approved by Marc Boivin, P.Geo., a Qualified Person under National Instrument 43-101.
About Ni-Co Energy Inc.
Ni-Co Energy Inc. is exploring the Kremer project, a mafic–ultramafic intrusion prospective for nickel, copper, and cobalt, advantageously located in southern Québec and supported by infrastructure and low-carbon hydroelectric power.
For further information, please contact:
Ni-Co Energy Inc.
info@nicoenergy.ca
Click here to connect with Ni-Co Energy Inc. to receive an Investor Presentation
At the same time, not a single word of the content we choose for you is paid for by any company or investment advisor: We choose our content based solely on its informational and educational value to you, the investor.
So if you are looking for a way to diversify your portfolio amidst political and financial instability, this is the place to start. Right now.
Nickel Price Forecast: Top Trends for Nickel in 2025
Nickel Price Update: Q1 2025 in Review
The nickel market has faced challenges over the past few years due to a supply glut and weak demand.
Even though the price of nickel surged in the first quarter of 2024, higher prices didn’t last. By the end of the year, any gains the base metal had made were erased, and it entered 2025 in the US$15,000 to US$15,200 per metric ton range.
What's in store for the rest of the year, and what nickel trends should investors be watching?
Indonesian supply is a key reason nickel prices are under pressure, as is a lack of demand growth.
In comments emailed to the Investing News Network (INN), Ewa Manthey, commodities strategist at ING, suggested that the situation isn’t likely to change for nickel in 2025.
“We believe nickel’s underperformance is likely to continue — at least in the near term — amid weakening demand and a sustained market surplus. A surge in output in Indonesia has dragged nickel lower over recent years, and demand from the stainless steel and electric vehicle (EV) battery sectors continues to disappoint,” she said.
Her statement follows recently introduced measures from China. Set to take effect in 2025, they involve injecting US$1.4 trillion over the next five years, and are meant to help the country’s ailing economy.
However, past measures introduced in 2024, particularly those in September, have yet to significantly affect the nation's housing and manufacturing sectors, which are net demand drivers for stainless steel.
Jason Sappor, senior analyst, metals and mining research, at S&P Global Commodity Insights, expressed similar sentiments about nickel's 2025 performance in comments to INN.
“We expect the market to remain oversupplied in 2025, as Indonesia and China’s primary nickel output expands further,” he said. Sappor added that subdued prices could lead to further output curtailments across the industry. This would be in addition to cuts already made at various operations around the world, particularly in Oceania.
The situation even has top producer Indonesia considering restricting output.
“The latest news reports that Indonesia’s government is considering making deep cuts to nickel-mining quotas to boost prices also highlight that the implementation of restrictions on the country’s nickel output should not be ignored as a risk to forecasts for the market to stay in surplus in 2025,” Sappor said.
For her part, Manthey suggested that cuts to nickel supply in 2024 did little to upset the market surplus — instead, they may have solidified Indonesia’s dominance over the industry.
“The recent supply curtailments also limit the supply alternatives to the dominance of Indonesia, where the majority of production is backed by Chinese investment. This comes at a time when the US and the EU are looking to reduce their dependence on third countries to access critical raw materials, including nickel,” she said.
One of the biggest factors that could come into play in 2025 is Donald Trump's return to the White House.
During his campaign, Trump made several promises that could lead to a shift in the US’ environmental and energy transition policies. While nothing is set in stone just yet, the actions he takes could include reversing commitments made under the Paris Agreement and ending tax credits for EVs.
A significant unknown is how Trump will approach the Inflation Reduction Act (IRA).
The program, which was established under the outgoing Biden administration, was designed to stimulate a move away from fossil fuels, while also supporting the procurement of friendly supply of low-carbon nickel.
One part of the IRA has made it challenging for Indonesia to export nickel to the US. As it stands, EVs must meet foreign entity of concern (FEOC) rules to qualify for the US$7,500 tax credit outlined under the IRA.
The US considers nations like China, Russia, Iran and North Korea to be areas of concern. Under rule 30D of the act, these nations cannot control more than 25 percent of the board seats, voting rights or equity interests of any company that supplies critical minerals for EV batteries destined for the US.
This has been a major obstacle for Indonesia as it has worked to build a trade partnership with the US.
Manthey outlined how Trump may seek to tighten rules, making a trade pact with Indonesia more difficult.
“Indonesia has been trying to reduce China-based ownership of new nickel projects to help its nickel sector qualify for the IRA tax credits. Tighter FEOC rules would create more issues for nickel supply chains, and would be an obstacle to Indonesia’s goal of expanding its export market to the US,” she said.
Manthey also said if the rules are tightened, primary and intermediate production will continue to be sent to China.
Barring any major shift in the supply and demand environment, nickel prices are unlikely to see significant gains over the next year. For investors, this is likely to make for a less supportive environment.
“The surplus in the Class 1 market is reflected in the rising exchange stocks," said Manthey.
"Further inflows of Chinese and Indonesian metal into the exchange’s sheds could put additional downward pressure on the London Metal Exchange’s nickel prices," she added in her comments to INN.
For Manthey, the potential upside would be stronger stainless steel output or restricted ore supply from Indonesia. However, slower EV market growth or the cancellation of some incentives in the US could offset this.
Overall, she isn’t expecting large price movements in the coming year.
“We forecast nickel prices to remain under pressure next year as the surplus in the global market continues. We see prices averaging US$15,700 in 2025,” Manthey said.
Don’t forget to follow us @INN_Resource for real-time news updates!
Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: FPX Nickel is a client of the Investing News Network. This article is not paid-for content.
The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
Nickel prices have largely trended down since breaking US$20,000 per metric ton in May 2024.
The decline has been attributed to refined nickel oversupply, driven by high output from Indonesia, which mined an estimated 2.2 million metric tons of nickel in 2024 and accounted for more than 50 percent of global output.
The threat of US tariffs has also weighed heavily on markets that are reliant on nickel and its downstream products, such as the stainless steel and electric vehicle battery industries.
These factors pushed nickel to five year lows in the US$15,000 range in Q1.
Nickel price, January 2 to April 22, 2025.
Chart via Trading Economics.
While nickel has trended down for the past year, 2025 began with upward momentum. It opened the year at US$15,040 on January 2 and rose to US$16,080 before declining to close out the month at US$15,230.
Nickel prices started to gain briefly at the beginning of February, increasing to US$15,875 on February 6 before experiencing volatility until the end of the month, finishing at US$15,590 on February 28.
The start of March saw upward movement, and nickel hit a year-to-date high of US$16,720 on March 12.
Prices for the base metal remained above the US$16,000 mark until the end of March, when substantial pressures caused levels to plunge to US$14,150 on April 8.
Over the past several years, oversupply has presented a significant headwind for nickel prices.
Due to heavy investment from China, Indonesia has emerged as the world's dominant nickel supplier. However, even though its refined output has remained high, Indonesia has faced a tight nickel ore market because of reduced quotas, which have compelled smelters to import record volumes from the Philippines.
A recent Filipino government proposal to follow Indonesia’s lead in banning exports of raw nickel products could disrupt the situation and introduce further challenges for refiners, impacting global supply chains.
The proposal arose amid rumors of higher mining royalties that have circulated since the start of the year. This speculation boosted nickel prices as higher production costs started to be factored into prices.
The royalty hikes were approved on April 11, and will raise the current 10 percent rate to between 14 and 19 percent, depending on the nickel price. Lower-quality nickel mattes used in battery production will incur a 2 percent royalty.
Jason Sappor, senior analyst for metals and mining research at data provider S&P Global Commodity Insights, noted that the increase will pose another challenge for the industry.
“The hike in royalty tax rates on nickel products by Indonesia’s government represents another headwind for domestic nickel producers already under pressure from rising production costs due to elevated nickel ore prices stemming from tight ore availability,” he said in comments to the Investing News Network (INN).
Indonesian nickel miners previously asked the government to reconsider the change.
In a letter to government officials, industry stakeholders stated that the increases to mining royalty levels in the country are “unrealistic and do not reflect the current state of the industry.”
Another factor that impacted the nickel industry during the first quarter of the year was the threat and eventual implementation of US tariffs against China, the world’s largest consumer of nickel.
Ewa Manthy, commodities strategist with ING, suggested tariffs will further impact a beleaguered nickel market.
“London Metal Exchange (LME) nickel has been mostly rangebound amid heightened trade tensions," she said.
"We expect US trade tariffs will put pressure on manufacturing activity in China, the world’s largest primary nickel consumer," Manthey explained to INN. "This would put additional pressure on LME nickel prices, already weighed down by oversupply, rising exchange stocks and bearish investor sentiments."
Manthy’s prediction has held true so far, with nickel prices plummeting 11.5 percent in the week following US President Donald Trump’s tariff announcement on April 2. The move has sparked fears among investors who worry that the escalating trade war will push the world into a global recession.
Even though nickel rebounded after Trump put a pause on larger reciprocal tariffs, there is still a high level of uncertainty regarding nickel demand, especially as the effective tariff rates on China have grown to 145 percent.
Tariffs are unlikely to affect nickel supply in the short term; however, they could significantly impact demand. The effects will be more pronounced in the US, as tariffs will more than double the costs of goods from China for importers.
The primary destination for nickel is the production of stainless steel.
While long-term global demand is expected to remain robust, with refined nickel projected to see a 4.6 percent compound annual growth rate between 2023 and 2035, there are more immediate headwinds.
Demand for stainless steel in China’s housing sector and slower growth in home appliances has dragged down overall nickel demand in the Asian nation. Although the overall effects could be worse, government policy and stimulus have only provided marginal support. Chinese stainless steel markets were also affected as new carbon tariffs and anti-dumping duties from Europe’s carbon border adjustment mechanism came into effect.
This has led analysts to predict another year of surpluses in China’s stainless steel market, with production increasing by 10.6 percent year-on-year in the first quarter and March output coming to 3.58 million metric tons. Even so, stockpiles stand at 155,000 metric tons, down significantly from 333,000 metric tons in Q1 2024.
The size of the stainless steel market may help moderate a decline in demand from the electric vehicle battery market, which is another significant destination for nickel. According to an April 14 report from S&P Global, the fall in battery demand comes despite growing demand for electric vehicles in both China and Europe; this has been attributed to producers transitioning to nickel-free battery chemistries, particularly lithium-iron-phosphate.
Producers see a greater cost advantage in this composition, and the switch has caused demand for nickel-manganese-cobalt batteries to shrink by 19 percent from January to February.
Due to this fallout, battery precursor producer CNGR Advanced Material (SZSE:300919) said it would be pausing investment in its South Korean nickel smelting project.
The battery sector represented 11.5 percent of total nickel demand in 2024.
The short term for nickel could very well hinge on how Trump’s tariffs affect the global economy.
“A slowdown in global economic activity would have a detrimental impact on China’s exports of nickel-containing consumer goods, denting global primary nickel demand in a market already grappling with oversupply due to expanding production in top primary nickel producers Indonesia and China,” Sappor said.
He added that weaker fundamentals will likely increase bearishness in the nickel market and ultimately work to further depress prices for the base metal on the LME.
“Considering these potential dynamics as well as further evolutions in the Trump administration’s trade tariff policies, we expect nickel prices to remain volatile in the near term,” Sappor stated.
Manthy is also pessimistic about a market turnaround in the near to medium term.
“The main downside risk to our supply and demand outlook is further downgrades to nickel demand from the electric vehicle sector, but this could be offset by no growth in Indonesian supply. The medium-term supply and demand balance is not supportive of a significant rise in nickel prices,” she said.
For investors, a bear market might provide opportunities, but the risk is that nickel prices may still have a ways to go before they bottom out. The next quarter could offer more certainty in global financial markets.
Don’t forget to follow us @INN_Resource for real-time news updates!
Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
Nickel prices experienced volatility in 2024 due to uncertainty on both the demand and supply sides.
This trend has continued into the first quarter of 2025, and is expected to remain for the year. While this environment has been tough, some nickel stocks are still thriving amid the ongoing uncertainty.
Supply is expected to outflank demand over the short term, but the longer-term outlook for the metal is strong. Demand from the electric vehicle (EV) industry is one reason nickel's outlook looks bright further into the future.
Battery nickel demand is poised to triple by 2030, according to Benchmark Mineral Intelligence.
“Mid and high level performance EVs will be the primary driver of battery nickel demand growth in the coming years, particularly in Western markets,” said Jorge Uzcategui, senior nickel analyst at the firm.
“There will be growth in China, but it won’t be as pronounced as in ex-China markets.”
As for Canada, nickel is listed as a top priority in the government's Critical Minerals Strategy. The country is the world's fifth largest producer of nickel, with much of its production coming from mines in Ontario's Sudbury Basin, including Vale’s (NYSE:VALE) Sudbury operation and Glencore's (LSE:GLEN,OTC Pink:GLCNF) Sudbury Integrated Nickel Operations.
Against that backdrop, how have Canadian nickel stocks performed in 2025? Below are the top nickel stocks in Canada on the TSX, TSXV and CSE by share price performance so far this year.
All year-to-date and share price data was obtained on March 26, 2025, using TradingView’s
stock screener. Canadian nickel stocks with market caps above C$10 million at that time were considered.
Year-to-date gain: 40.37 percent
Market cap: C$364.15 million
Share price: C$1.53
Power Metallic Mines, formerly Power Nickel, is developing its 80 percent owned Nisk polymetallic property in Québec, Canada, which hosts high-grade nickel, copper, platinum, palladium, gold and silver mineralization.
The company was recognized as one of 2024's top 50 performers on the TSX Venture Exchange, ranking as the top mining company and fourth overall company due to its 365 percent share price appreciation for the year.
Ongoing work at the Nisk project has generated positive newsflow for Power Metallic in 2025. After starting the year at C$1.07, the company's share price climbed to C$1.49 by January 30 following two key announcements.
First, the company released drill results from a 2024 fall campaign at Nisk's Lion zone and said it was starting a winter 2025 drill campaign at the site. Shortly after, it announced the discovery of Tiger, a new find located 700 meters east of the Lion zone; it said it would target Tiger during winter drilling. From there, Power Metallic shares jumped more than 26 percent to reach C$1.88 on February 6, the highest point of Q1. This followed further drill results out the 2024 fall campaign, with notable assays further demonstrating the high-grade nature of the mineralization.
Other notable news supporting the company's share price this quarter includes the closing of a C$50 million private placement and plans to scale up the 2025 winter drill campaign from three to six rigs in the second quarter. Additionally, further results from the 2024 fall campaign expanded the Lion zone with the deepest assayed intersection to date, plus initial nickel-copper assays from the new Tiger zone.
Year-to-date gain: 25.93 percent
Market cap: C$273.59 million
Share price: C$1.70
Magna Mining is a base metals exploration and development company based in Sudbury, Ontario. The company’s flagship assets are the Shakespeare mine and the Crean Hill project.
Shakespeare is a past-producing nickel, copper and platinum-group metals mine with major permits in place. The property hosts an indicated open-pit resource of 16.51 million metric tons at 0.56 percent nickel equivalent. Crean Hill also hosts a past-producing mine that produced the same resources.
Magna's share price started off the year at C$1.42, and gradually climbed throughout the following weeks to reach a year-to-date high of C$1.84 on February 5.
Its share price was supported by continued positive updates on its acquisition of a portfolio of base metals assets in the Sudbury Basin, including the producing McCreedy West copper-nickel mine, through a share purchase agreement with a subsidiary of KGHM Polska Miedz (FWB:KGHA). The company closed the deal at the end of February.
Magna was included in the 2025 TSX Venture 50 list, which was released in mid-February, and closed a C$33.5 million private placement in early March.
Year-to-date gain: 23.53 percent
Market cap: C$79.45 million
Share price: C$0.105
Talon Metals is focused on developing high-grade nickel resources for the US domestic battery supply chain. The company has partnered with mining giant Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) on the Tamarack nickel-copper project located in Minnesota, US. Talon has an earn-in right to acquire up to 60 percent of Tamarack and currently owns 51 percent. The US Department of Defense awarded Talon a US$20.6 million grant in September 2023.
An environmental review process is underway for the proposed Tamarack underground mine. The company plans to process ore from the mine at a proposed battery mineral processing facility in North Dakota. Talon has said it intends to initiate the permitting process for the processing facility in 2025.
Talon has a six year offtake deal with Tesla (NASDAQ:TSLA) for a total of 75,000 metric tons, or 165 million pounds, of nickel concentrate, as well as cobalt and iron by-products, from Tamarack once it's in commercial production.
The company is also the operator of the Boulderdash nickel-copper discovery and numerous high-grade nickel-copper prospects in Michigan, which it optioned to Lundin Mining (TSX:LUN,OTC Pink:LUNMF) in early March.
Talon shares hit a year-to-date high of C$0.105 on March 26. That day, the company announced a significant massive sulfide discovery at Tamarack with an intercept measuring over 8.25 meters logged as 95 percent sulfide content.
Year-to-date gain: 16.67 percent
Market cap: C$32.61 million
Share price: C$0.14
Stillwater Critical Minerals’ flagship asset is its Stillwater West polymetallic project in Montana, US. In addition to the platinum-group elements, copper, cobalt and gold resources identified on the property, a January 2023 inferred mineral resource estimate on Stillwater West shows it has the largest nickel resource in an active US mining district.
Stillwater Critical Minerals' share price reached a year-to-date high of C$0.14 on March 26.
On that day, the company reported multiple large-scale magmatic sulfide targets following analysis of a property-wide third-party MobileMtm magneto-telluric geophysical survey completed in late 2024.
The data from the survey was also used to build a new 3D geological model of the lower Stillwater Igneous Complex that will help the company to further prioritize targets at Stillwater West in an upcoming planned drill campaign.
Year-to-date gain: 15.22 percent
Market cap: C$25.22 million
Share price: C$0.265
First Atlantic Nickel is developing its wholly owned Atlantic nickel project in Newfoundland and Labrador, Canada. The large-scale project hosts a naturally occurring nickel-iron alloy that contains about 75 percent nickel with no sulfur or sulfides. Called awaruite, it is known for its strong magnetic properties. Its easier and cleaner to separate and concentrate than conventional nickel ores as it can be processed without a smelter.
A series of catalysts in February gave the company’s stock value a boost to the upside. On February 19, it shared that drilling had confirmed "the RPM zone extends 400 meters along strike and 500 meters wide, remaining open at depth and along strike to the north and west, indicating significant expansion potential."
Initial Phase 1 assay results from the Super Gulp zone were released on February 26 showing up to 0.32 percent nickel with an average of 0.25 percent nickel over the entire 293.8 meter length. First Atlantic Nickel said the results confirm "the presence of a major new nickel zone." That same day, shares of First Atlantic surged to C$0.33.
The next month, on March 4, First Atlantic reported a new discovery at the RPM zone with intersects of 0.24 percent nickel over 383.1 meters, and 10 kilometers downstrike from Super Gulp.
First Atlantic shares reached their highest year-to-date value of C$0.35 on March 13 after the firm announced initial metallurgical test results from the first drill hole at the RPM zone. It said “the results confirm the potential for magnetic separation as a viable processing method for awaruite nickel mineralization previously identified at the RPM Zone.”
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Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
With its diverse applications in both technology and industry, nickel is a metal that will never go out of style.
Nickel is commonly used in alloys to create stainless steel, but more recently has found a modern use: batteries. As the electric vehicle trend gains steam, the base metal is in high demand for its role in lithium-ion batteries.
Nickel has encountered much volatility in the past few years. After spiking to record highs in 2022, the nickel price has been on a downward trend on oversupply from top-producing country Indonesia and economic uncertainty dampening demand.
Tariffs could further disrupt the nickel market going forward, but whether that's to the upside or the downside remains to be seen.
Against that backdrop, some Australian nickel companies are still making moves. Here the Investing News Network has listed the top nickel stocks on the ASX by year-to-date gains. Data was gathered using TradingView's stock screener on April 9, 2025, and all companies had market caps above AU$5 million at that time. Read on to learn more about them.
Year-to-date gain: 43.75 percent
Market cap: AU$17.51 million
Share price: AU$0.12
Nordic Resources is exploring its Pulju nickel-copper-cobalt project in Northern Finland, which hosts a near-surface JORC-compliant resource with the potential to produce Class 1 nickel and battery materials for European markets.
The 2024 JORC mineral resource estimate is contained within the Hotinvaara deposit. The deposit hosts indicated resources of 42 million tonnes at 0.22 percent nickel for 92,700 tonnes of contained nickel, as well as inferred resources of 376 million tonnes at 0.21 percent nickel for 770,100 tonnes of contained nickel.
In January, Nordic picked up an additional three exploration licenses in the region to bring the size of the landholdings for the project to 46 square kilometres. This gives the company "full exploration rights over 12 kilometers of continuous strike within the known, mapped Mertavaara Formation."
Shares of Nordic Resources hit a year-to-date high of AU$0.12 on April 9, days before the company announced a large-scale acquisition of three Finnish gold projects.
Year-to-date gain: 42.86 percent
Market cap: AU$8.17 million
Share price: AU$0.010
Pivotal Metals is an exploration and development-stage company has two properties in Québec, Canada: the Belleterre-Angliers Greenstone Belt (BAGB) project and its flagship advanced-exploration Horden Lake project. Both properties contain copper, nickel and platinum group metals mineralization.
Horden Lake hosts a JORC-compliant indicated and inferred mineral resource estimate of 27.8 million tonnes at 1.49 percent copper equivalent, comprising copper, nickel, palladium and gold.
Pivotal announced its 2025 field programs at both properties in February. At Horden Lake, the company announced plans for 1,500 meters in diamond drilling along with the final stages of metallurgical test work to update the resource estimate.
At BAGB, the company is assessing targets for its planned Q2 field program across three project areas. According to the company, the "targets leverage extremely high-grade Ni-Cu-PGM from historical drilling on each project, as well as known high grade gold and VMS potential.
Shortly after, Pivotal announced that its fixed loop time domain electromagnetic (FLTEM) survey at Horden Lake defined large undrilled conductors extending along strike and down plunge of the deposit.
The company released metallurgical test results from Horden Lake in March that demonstrated total copper recoveries of 87 to 94 percent with clean copper concentrates produced that grading 22 to 28 percent copper. In addition, the test work produced high-grade clean nickel concentrates grading approximately 12 percent nickel with the potential for nickel recoveries exceeding 50 percent at expected resource sulphur grades.
Step-out drilling at Horden was completed in early April and assay results are expected to be published in Q2 2025. Shares of Pivot started the year at AU$0.007 and hit a year-to-date high of AU$0.01 on April 9.
Year-to-date gain: 7.94 percent
Market cap: AU$75.88 million
Share price: AU$0.365
Ardea Resources is developing its wholly owned Kalgoorlie nickel project (KNP) in Western Australia, which includes the Goongarrie Hub deposit. The company has said the project “hosts the largest nickel-cobalt resource in the developed world.” It is currently working toward a planned definitive feasibility study (DFS).
A 2023 prefeasibility study for the KNP Goongarrie Hub shows an ore reserve of 194.1 million tonnes at 0.7 percent nickel and 0.05 percent cobalt, resulting in 1.36 million tonnes of contained nickel and 99,000 tonnes of contained cobalt. The study indicates an open-pit operation with a 40 year life and annual output of 30,000 tonnes of nickel and 2,000 tonnes of cobalt.
In February 2024, Ardea shared that Sumitomo Metal Mining (TSE:5713) and Mitsubishi (TSE:8058) had agreed on AU$98.5 million in funding and a scope of work for the KNP Goongarrie Hub DFS.
In its quarterly operations report for the quarter ended 31 December 2024, Ardea provided an update on the progress it's making toward completing the DFS. This includes bench-scale metallurgical testing, process plant development, geology and resource workflows. The news, released on January 28, helped boost the company's stock price by 14 percent to AU$0.40 per share on January 28.
The following month, Ardea announced that it had awarded the hydrogen sulphide plant work package to engineering services firm Lycopodium. The plant will be used to precipitate mixed sulphide precipitate, which is a high purity nickel and cobalt sulphide product. MHP is a precursor for the production of electrolytic nickel, nickel powder and nickel sulphate for the battery industry.
Shares of Ardea reached a year-to-date high of AU$0.48 on February 24.
Don’t forget to follow us @INN_Australia for real-time updates!
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
As FPX Nickel strengthens its position in the critical metals space, it offers investors a compelling opportunity in the green energy transition, with the potential to be a low-cost, environmentally responsible nickel producer in a stable jurisdiction.
FPX Nickel (TSXV:FPX,OTCQB:FPOCF) is advancing its Baptiste Nickel Project in central British Columbia, targeting high-margin, long-life, low-carbon nickel production. The project offers flexibility to produce either a high-grade concentrate (60 percent nickel) for direct use in stainless steel or further refine it into battery-grade nickel sulphate, cobalt precipitate, and copper concentrate for the electric vehicle (EV) battery supply chain.
Nickel is critical to EV battery production, with demand expected to grow at 5.1 percent annually through 2035, outpacing projected supply growth of 4.6 percent. With analysts forecasting a long-term supply gap due to declining output and limited new projects, FPX Nickel provides investors with exposure to a high-growth, low-carbon market with strong economic upside.
The 2023 Preliminary Feasibility Study (PFS) for Baptiste estimates an after-tax Net Present Value (NPV) of $2.01 billion and an Internal Rate of Return (IRR) of 18.6 percent, based on a 29-year mine life and an average annual production of 59,100 tonnes of nickel.
Baptiste’s awaruite mineralization enables a more efficient three-stage process for producing nickel sulphate, achieving over 98 percent nickel extraction in 60 minutes with lower operational costs and environmental impact compared to traditional methods. The company has published the results of its Awaruite Refinery Scoping Study, indicating strong economics with after-tax NPV (8 percent) of $445 million and IRR of 20 percent at $8.50 /lb nickel.
FPX Nickel is committed to carbon neutrality at Baptiste. The company co-founded a research program on carbon capture and storage (CCS) with Anglo-American’s DeBeers and the Government of Canada. Its subsidiary, CO2 Lock, has also achieved a breakthrough in CO2 mineralization technology at its SAM site in central British Columbia.
In January 2024, FPX Nickel secured a C$14.4 million strategic investment from Sumitomo Metal Mining to advance exploration, development, and environmental activities at Baptiste.
The company’s management team, led by Canadian Mining Hall of Fame member Dr. Peter Bradshaw and veteran geologist Rob Pease, brings a wealth of expertise to the project.
FPX Nickel’s 100 percent-owned Decar Nickel District spans over 410 square kilometers in central British Columbia, approximately 80 kilometers west of the Mt. Milligan mine. The district is home to the Baptiste project — one of the world’s largest undeveloped nickel deposits — with excellent infrastructure access, including paved and logging roads, rail, and nearby hydropower.
The Baptiste deposit contains nickel-iron alloy mineralization, hosting NI 43-101 compliant indicated resources of 2.3 billion tonnes at an average grade of 0.123 percent DTR nickel, and an additional 391 million tonnes of inferred resources at 0.115 percent DTR nickel.
In 2022, FPX completed a 2,504-meter step-out drill program at the Van target, located 6 km north of Baptiste, significantly expanding the known mineralization footprint and confirming large-scale nickel potential across the broader Decar District.
The 2023 PFS outlined a phased development plan for Baptiste, with initial mill throughput of 108,000 tonnes per day in Phase 1, expanding to 162,000 tonnes per day in Phase 2. The project is expected to produce an average of 59,100 tonnes of nickel per year over a 29-year mine life, with a projected after-tax NPV of US$2.01 billion and an IRR of 18.6 percent at a nickel price of US$8.75/lb.
The Baptiste project is positioned as a future low-cost, low-carbon source of nickel suitable for stainless steel and battery markets. A simplified three-stage hydrometallurgical process using awaruite mineralization enables efficient production of high-grade nickel sulphate with recovery rates over 98 percent, while significantly reducing power, pressure, and reagent needs compared to traditional HPAL methods.
In March 2025, FPX Nickel published the results of its Awaruite Refinery Scoping Study, outlining plans for North America’s largest nickel sulphate refinery. The proposed facility aims to produce 32,000 tonnes per year of battery-grade nickel sulphate, along with by-products including cobalt carbonate, copper cement, and ammonium sulphate.
Highlights of the study include:
Path of Awaruite nickel units from mine to EV battery
The study further highlights the opportunity to develop an integrated, low-cost, low-carbon mine-to-battery solution in Canada, with awaruite concentrate as a strategic feedstock for domestic and allied EV battery markets.
FPX also signed a non-binding MOU with JOGMEC and Prime Planet Energy & Solutions (a JV between Toyota and Panasonic) to explore collaboration on integrating Baptiste’s production with downstream processing for EV battery materials.
Martin Turenne is a seasoned executive with over 15 years in the commodities sector, including significant leadership experience in mining. His expertise spans strategic management, capital markets, financial reporting, and regulatory compliance. He previously served as CFO of First Point Minerals and held roles at KPMG LLP and Methanex Corporation. Turenne is a Chartered Professional Accountant (CPA) and a member of the Canadian Institute of Chartered Accountants.
Dan Apai has over 20 years of mining industry experience in civil engineering and engineering management over a diverse range of projects. As principal civil engineer for Fluor Canada, he led studies and detailed engineering works for numerous large-scale mining projects for clients including Teck, Newmont, BHP, First Quantum, Glencore, Josemaria Resources, and Newcrest. Apai's technical expertise includes site layout, earthworks, water management, linear facilities, and water supply systems – all elements that strongly influence the capital intensity, permitability, and operability of mining projects. Apai is a member of the Association of Professional Engineers of British Columbia and holds a Bachelor of Engineering from the University of Western Australia.
Tim Bekhuys is a mining sustainability expert with 40+ years of experience in environmental permitting, community engagement, and ESG leadership. He was VP of sustainability at SSR Mining and held senior roles at New Gold, successfully advancing projects like the Blackwater gold project. He has served on the boards of AME BC, the Mining Association of BC, and the Mining Association of Canada.
Felicia de la Paz is a CPA with deep expertise in corporate finance and systems implementation. She started her career at KPMG, rising to senior manager, before joining Equinox Gold as corporate controller, where she led post-acquisition financial integration. She later served as VP of finance at Vida Carbon and now advises public mining companies on financial and operational systems. She holds a Bachelor of Commerce (Honours) from UBC.
Dr. Peter Bradshaw is a renowned geologist with over 45 years of global mineral exploration experience and a member of the Canadian Mining Hall of Fame. He has played key roles in several major discoveries, including the Porgera, Kidston, and Misima gold mines, and co-founded the UBC Mineral Deposit Research Unit. Bradshaw’s past roles include senior positions at Barringer Research, Placer Dome, and Orvana Minerals.
Peter Marshall is a mining engineer with 30 years of experience in mine development. Formerly VP of project development at New Gold and SVP at Terrane Metals, he played key roles in major BC projects including the feasibility and early construction of the Mt. Milligan copper-gold mine and the Blackwater gold project.
Anne Currie is a leading expert in mining permitting and regulatory processes in Canada, with more than 30 years of private and public sector experience. She was BC’s chief gold commissioner and a senior partner at Environmental Resources Management. Currie has guided permitting for major projects including KSM, Brucejack, Kemess Underground, and Blackwater.
James Gilbert has over 30 years of experience in investment banking and corporate strategy, with two decades focused on mining and metals. He has held senior roles at Rothschild, Gerald Metals, and Minera S.A., and has deep expertise in M&A, project finance, off-take agreements, and strategic marketing. He was a director of AQM Copper, acquired by Teck in 2016.
Kim Baird is a strategic advisor with deep experience in Indigenous relations, governance, and treaty implementation. As former elected Chief of the Tsawwassen First Nation, she negotiated and implemented BC’s first urban treaty, securing land and resource governance for her community. She now advises governments, businesses, and Indigenous groups across Canada.
Rob Pease is a geologist with more than 30 years in exploration, mine development, and corporate leadership. He was CEO of Terrane Metals and a director of Richfield Ventures—both acquired for over C$500 million. He currently serves on the boards of Pure Gold Mining and Liberty Gold.
