As electrification of economies grow and new demands for energy such as bitcoin mining come into play, there is one constant, the need for copper. Investors might be looking at 2025 predictions but a 20% increase in demand for copper by 2035 is a literal invitation to bolster portfolios. Grid Battery Metals (TSXV:CELL) has lithium projects in Nevada and recently acquired a copper project in a prolific copper and gold region of British Columbia. Grid Battery’s CEO, Tim Fernback, discusses the prospects for the company and investors.
TMO: Well to get started, you recently provided an update on the Clayton Valley Lithium Project. Can you get us some details regarding the latest developments?
Fernback: We’ve been on the Clayton Valley property now for several years. We’ve had this property in our portfolio. What we’re doing right now is we’re drilling; we’re testing the depth of the lithium brine and clay deposit that we have there. So, our project is really well-situated near the Silver Peak mine. So, it’s a perfect area for exploration and finding a new Clayton Valley lithium deposit.
TMO: We see Grid recently also announced the acquisition of a new copper project. Can you tell us more about this property and its prospects?
Fernback: So, the copper project is in British Columbia, so north-central British Columbia in an area called the Omineca Mining District, and it’s a very prolific copper, gold mining region in B.C. A lot of deposits have been made there and mines have flourished.
So, we have a large land position, 27,500 hectares. That’s five distinct claim blocks in just outside Smithers. So it’s in a really good area to explore and develop a project, and we’re kind of equidistant from the Mount Milligan mine and the Centerra Gold’s Kemess deposit. And there’s been about 740 million pounds of copper taken out of the Mount Milligan mine and 1.8 million ounces of gold also out of that same mine.
So, it’s a very prolific area. Northwest Copper is another explorer in the region, and they have three different copper gold deposits right beside our project.
TMO: Can you explain how the addition of this copper project to your portfolio of lithium assets, benefits Grid shareholders?
Fernback: So, the benefit to the Grid shareholders is it takes advantage of our expertise in British Columbia and Nevada. So we have a team of exploration geologists out of Smithers, B.C., which I said is right near our deposit and we’ve been mining and looking for exploration targets in the nickel space for close to about five years now in B.C. So, we have a depth of experience in B.C., we have a depth of experience in Nevada, we’ve been there for 10 years looking for lithium.
So it’s not only leveraging our experience but also diversifying the portfolio of products. So, when copper and lithium are both electrification metals, we have two bags for your buck I guess for a shareholder.
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