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Grid Battery Metals Gears Up for Nickel Project Spin Off

Grid Battery Metals (TSXV:CELL,OTCQB:EVKRF,FWB:NMK2) announced the fourth phase of exploration plans for its nickel project in BC, which will be carried out by its planned spin-out company and wholly owned subsidiary, AC/DC Battery Metals.

According to President and CEO Tim Fernback, the company’s plan to spin out the nickel project is a win-win for shareholders, who will have two public companies essentially for the price of one.

“With our success in lithium mining, we really want to bifurcate that company so that the nickel project gets its due and gets its specific resources applied to it. That's why we're spinning out the nickel project. Each current Grid shareholder will get a proportionate share in that project going forward at no additional cost,” Fernback explained.

“There's about C$300,000 worth of work that we want to finish off the fourth phase of our exploration there. Once we've done that, then we'll go into more of a drilling program," he added.

Grid Battery Metals' nickel project in BC consists of five claim blocks in three groups — Hard Nickel Center, Hard Nickel 3 and Hard Nickel South — in the area surrounding Mount Sidney Williams, close to FPX Nickel's (TSXV:FPX,OTCQB:FPOCF) Decar project and the Baptiste deposit.

Watch the full interview with Grid Battery Metals President and CEO Tim Fernback above.

Disclaimer: This interview is sponsored by Grid Battery Metals (TSXV:CELL,OTCQB:EVKRF,FWB:NMK2). This interview provides information which was sourced by the Investing News Network (INN) and approved by Grid Battery Metals in order to help investors learn more about the company. Grid Battery Metals is a client of INN. The company’s campaign fees pay for INN to create and update this interview.

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The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Grid Battery Metals and seek advice from a qualified investment advisor.

This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.


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