GRID BATTERY METALS INC - EVKRF STOCK NEWS

Grid Battery Metals Inc. (TSXV:CELL, OTCQB:EVKRF) has initiated a reverse circulation drilling program on its Clayton Valley Lithium Project in Nevada. The project, covering approximately 2,300 acres, is strategically located adjacent to Albemarle's lithium production facility and near Century Lithium's proposed Angel Island Lithium Mine. The first drill hole has reached a depth of over 870 feet, with remaining holes planned to a maximum depth of 1500 feet.

The drilling program aims to test the depth of accumulated lithium brine and claystones, with the goal of proposing a follow-on exploration program towards an eventual resource calculation and NI# 43-101 Preliminary Economic Assessment. The program is expected to continue until early October, conducted by Envirotech Drilling and supervised by Rangefront Geological and the Company's Qualified Person, Steven McMillin P.G.

Grid Battery Metals Inc. (TSXV:CELL, OTCQB:EVKRF) has commenced a reverse circulation drilling program at its Clayton Valley Lithium Project in Nevada. The project, covering 2,300 acres, is strategically located adjacent to Albemarle's lithium production facility and near Century Lithium's proposed Angel Island Lithium Mine. The company plans to drill several exploration holes to depths of up to 1,500 feet during September.

CEO Tim Fernback highlighted the project's potential, noting the booming lithium clay exploration in the area despite lower lithium prices. The drilling program, expected to continue until early October, aims to identify clay and sediment layers, water zones, and collect samples for assay. The program is being conducted by Envirotech Drilling and supervised by Rangefront Geological and the company's Qualified Person, Steven McMillin P.G.

Grid Battery Metals Inc. (TSXV:CELL)(OTCQB:EVKRF) has expanded its exploration land holdings by acquiring a new Copper Property in Northern British Columbia. The company has entered into a Purchase and Sale Agreement with AC/DC Battery Metals Inc. to acquire a 100% interest in 17 mineral claims covering 27,525.24 hectares. The transaction terms include a cash payment of $48,172.15 for staking costs reimbursement and issuing 5,000,000 common shares at $0.05 per share. The acquisition is subject to TSX Venture Exchange approval and is considered a 'related party' transaction.

The new property is located in a favorable mining region with existing infrastructure and is strategically positioned to exploit high copper-gold values. The area has a history of exploration dating back to the 1940s, with some promising results for gold in stream sediment sampling. The property is situated near several significant projects, including the Lustdust/Stardust, Kwanika, and Lorraine properties, now part of NorthWest Copper Corp.

Grid Battery Metals Inc. (TSXV:CELL, OTCQB:EVKRF, FRA:NMK2) has engaged i2i Marketing Group, for a four-month marketing program, pending TSX Venture Exchange approval. The agreement, dated August 15, 2024, involves a US$600,000 fee for marketing and media distribution services. Grid will pay an initial US$150,000 deposit for campaign creation, offsetting the initial media distribution budget.

The program aims to increase investor awareness through online platforms and direct mailing. Grid has the option to extend the agreement for an additional six months at US$600,000, with potential month-to-month continuation thereafter. No securities will be issued as compensation, and i2i currently owns no Grid securities.

AC/DC Battery Metals has completed a CAD$2,000,000 non-brokered private placement, issuing 40,000,000 units at CAD$0.05 each. Each unit consists of one common share and one share purchase warrant, allowing the purchase of an additional share at the same price within five years. The units are subject to a four-month hold period ending November 4, 2024. The funds will be used for exploration, development, and general working capital. AC/DC shares began trading on the TSX Venture Exchange under the symbol TSXV: ACDC on July 8, 2024. AC/DC insiders bought 3,000,000 units, invoking exemptions from certain valuation and minority shareholder approval requirements.

Grid Battery Metals has announced the results of its second phase of exploration at the Clayton Valley Lithium Project in Nevada and plans for the third phase. Key findings include infill soil sample results and data from a magnetotelluric (MT) geophysics survey, which have helped identify potential lithium accumulation sites. The upcoming phase involves a four-hole drill program scheduled for September 2024.

President and CEO Tim Fernback stated that the completed soil sampling and geophysical survey, supervised by Rangefront Geologist Steven McMillin, have led to the identification of four key drill locations. Three holes in the south show potential lithium deposits in claystone and brine, while the northern hole, despite lacking significant soil signatures, shows a promising low-resistivity anomaly.

The company is optimistic about these findings and anticipates further exploration to determine the depth and extent of lithium-bearing deposits.

Grid Battery Metals has completed the second phase of its 2024 exploration plan for the Clayton Valley Project. This phase involved detailed soil sampling and the integration of geological data using advanced modeling techniques. The first phase resulted in 166 samples showing significant lithium potential, while the second phase refined these findings with 286 additional samples. Assay results are pending. The exploration also included the use of magnetotelluric (MT) geophysics to better understand subsurface structures, which will guide future drilling. The company is optimistic about the project's potential, especially given the proximity to Century Lithium's positive feasibility study and Albemarle 's lithium production facility in the same region.

Grid Battery Metals and AC/DC Battery Metals have announced that AC/DC has received conditional approval for listing its shares on the TSX Venture Exchange under the symbol 'ACDC'. The final approval and initial trading date will be announced soon. Additionally, the company has received conditional approval for a non-brokered private placement of 40,000,000 units at CAD$0.05 per unit, raising gross proceeds of CAD$2,000,000. Each unit includes one common share and one warrant, allowing the purchase of an additional share at CAD$0.06 within five years. Finder fees and insider participation details were also disclosed. The funds will be used for exploration, development, and working capital.

Grid Battery Metals has completed Phase 1 of its 2024 exploration plan at the Clayton Valley Lithium Project in Nevada. This phase involved detailed infill soil sampling and a Magnetotelluric (MT) geophysical survey. Samples are now at the lab for analysis. The MT survey, conducted by KLM Geoscience, revealed significant geological features, including a major fault that could indicate lithium-rich areas. The company plans to create a 3D geological model and launch a new drilling program later in the year. Previous exploration included drilling three holes to test for lithium-bearing clays, with mixed results.