Grid Battery Closes Texas Spring Acquisition in Nevada
NEWS RELEASE
Grid Battery Closes Texas Spring Acquisition in Nevada
Coquitlam, BC – July 13, 2023- Grid Battery Metals Inc. (“formerly Nickel Rock Resources Inc.”)
(the “Company” or “Grid Battery”) (TSXV: CELL, OTCQB: EVKRF FRA: NMK2) announces that further
to its news release dated June 26, 2023, the Company has now closed the Transaction to acquire the
Texas Spring Property, located in Elko County, Nevada from Springfield Land Limited Liability
(“Springfield”). The Company and Springfield entered into a Purchase and Sale Agreement which
Agreement has been accepted by the TSX Venture Exchange.
In connection with the closing, the Company has paid US$55,000 and issued 8,000,000 shares of Grid
Battery to Springfield.
The Company has also paid finder’s fees in the amount of 707,142 shares of the Company.
All shares issued in connection with the Transaction and the finder’s fee will be subject to a four‐
month and a day hold period expiring on November 14, 2023 in accordance with applicable Canadian
Securities Laws.
Qualified Person as Defined Under National Instrument 43-101
Alan J. Morris, CPG of Spring Creek, Nevada, a Qualified Person as defined under Nation Instrument
43‐101 has reviewed and approved the technical aspects of 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. www.gridbatterymetals.com.
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.
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 303 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).
Grid Battery Metals Inc..
3028 Quadra Court
Coquitlam, BC, V3B 5X6
604‐ 428‐5690
www.gridbatterymetals.com
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About Clayton Valley Lithium Project
The Company owns a 100% interest in 113 lithium lode and placer claims covering over 640 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.
About the British Columbia, Nickel Projects
The Mount Sidney Williams Group consists of three claim blocks with a total area of 10,569 hectares
in the area surrounding Mount Sidney Williams, both adjoining and near the Decar project of FPX
Nickel Corp., located 100 kilometres northwest of Fort St. James, B.C., in the Omineca mining division.
Metallic mineralization includes nickel, cobalt, and chromium. At least some of the nickel
mineralization occurs as awaruite. The Mitchell Range Group area claim consists of one claim block
covering 8,659 hectares with demonstrated metallic mineralization including nickel, cobalt, and
chromium. Nickel cobalt mineralization has not been well explored, but the presence of awaruite has
been documented.
On Behalf of the Board of Directors
“Tim Fernback”
604‐428‐5690
Tim Fernback, President & CEO
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.