• Grid is advancing a portfolio of four Electric Vehicle (EV) metal projects in Nevada, and B.C. Nevada is one of the most attractive mining jurisdictions in the world, hosting Albemarle’s (NYSE: ALB) Silver Peak mine, the only lithium producing mine in North America.
  • The mineralization of CELL’s lithium projects (Texas Spring, Clayton Valley, and Volt Canyon) is similar to that of advanced stage projects in Nevada, such as Lithium America’s (NYSE: LAC/MCAP: $1.4B) Thacker Pass project, and projects held by Ioneer (ASX: INR/ MCAP: $449M), American Lithium (TSXV: LI/MCAP: $196M), and Surge Battery Metals (TSXV: NILI/ MCAP: $63M). Based on the projects’ similarities and proximity, we see opportunities for M&A/consolidation in the region.