Grid Battery Metals gears for nickel project spin-off

TL;DR

Grid Battery Metals is a well-funded company focused on lithium and nickel projects in Nevada and British Columbia, with a strong management team and plans for exploration and development.

Transcript

welcome to CEO insights I'm Marilyn De Guzman with Inn I'm speaking with Tim fernbach president and CEO of grid battery Metals hi Tim hi Marilyn nice to meet you nice to meet you too so let's start our conversation with I know talk numbers let's talk numbers um can you talk about sort of the financing strength of the company at the moment sure yeah... Read More

Key Insights

• 💪 Grid Battery Metals prioritizes maintaining a strong balance sheet and sufficient cash to fund their programs.
• 🤨 The company's management team has extensive experience in the junior mining industry and raising capital.
• ✋ Grid Battery Metals has promising lithium projects in Nevada, with soil samples indicating high lithium content.
• 📽️ Their nickel project in British Columbia is strategically located adjacent to a major nickel deposit.
• 🌱 Plans to spin out the nickel project into a separate company will provide shareholders with additional value.
• 😥 Grid Battery Metals aims to develop their projects to a point where they can be acquired by a major company.
• 🍉 The company emphasizes their commitment to shareholder benefit and long-term development.

Questions & Answers

Q: How strong is Grid Battery Metals' financing at the moment?

Grid Battery Metals has over $7 million in its treasury, a result of strong financial management and non-dilutive capital from selling non-core assets. The company also achieved three private placements last year.

Q: Who is behind Grid Battery Metals, and what expertise do they bring?

Tim Fernbach, the president and CEO of Grid Battery Metals, has over 25 years of experience in the junior mining industry, investment banking, and venture capital. The core board of directors also has a strong background in raising capital for high-growth ventures.

Q: What is Grid Battery Metals' focus in terms of metals and projects?

The company is primarily focused on lithium and nickel projects. They have three ongoing lithium projects in Nevada, with promising showings and soil samples. Additionally, they have a nickel project in British Columbia, adjacent to the eighth largest nickel deposit in the world.

Q: What are the exploration plans for Grid Battery Metals in 2020?

The company plans to allocate exploration dollars to all four of their projects. For the nickel project, they aim to complete the fourth phase of exploration, raise additional capital, and start a drilling program. The lithium projects will also see drilling and further exploration work.

Summary & Key Takeaways

• Grid Battery Metals has over $7 million in its treasury, with a focus on maintaining a strong balance sheet and enough cash for its current and future programs.

• The company is led by a team with extensive experience in the junior mining industry, investment banking, and venture capital, ensuring their ability to raise capital.

• Grid Battery Metals is currently focused on lithium and nickel projects in Nevada and British Columbia, with three ongoing projects in Nevada and plans to spin out the nickel project into a separate company.