Powering up with a top stock in the battery metals boom
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Powering Up In The Battery Metals Boom
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Supply-side issues have combined with booming EV demand to send lithium prices soaring.
Boasting hard rock and brine-hosted lithium projects in safe mining locales, Global Battery Metals (GBML.V; REZZF.OTC) offers investors a compelling way to profit from this trend.
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All those Teslas you’ve been seeing on the road have been having an impact on lithium prices.
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A key input for the batteries that power EVs (of which Teslas are the most visible example), lithium has been experiencing the same supply chain issues as seemingly everything else right now.
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The result has been soaring prices for lithium carbonate — it’s currently trading at all-time highs of $24,800/tonne!
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Looking ahead from the current boom in lithium prices, it’s clear the EV boom is here to stay and more consistent supplies of lithium and other battery metals are urgently needed to keep up with demand.
That’s certainly the view of the team behind Global Battery Metals (GBML.V; REZZF.OTC), a relatively tiny resource company with big ambitions.
Its goal?
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To help power the green revolution by amassing and advancing a world-class portfolio of battery metal projects and becoming North America’s preeminent battery metals company.
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As you’re about to see, GBML is well on its way to making good on that goal.
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Hard Rock Lithium Project
In A Hot Section Of Ireland
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The company has access to a large land package in Ireland near key ground owned by Chinese lithium giant Ganfeng.
Ganfeng has joint ventured the highly prospective Avalonia project in the country, and GMBL has recently applied for claims just to the south of Avalonia.
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Those applications follow a brief drill program on the company’s current NW Leinster project. While that program did not turn up the lithium-hosting spodumene GMBL was looking for, it did give the company a better sense of where to look next.
Indeed, the red dots on the blue outline of NW Leinster in the map above indicate all the places where government sampling has returned high lithium grades (the redder the dot, the higher the surface sample grade).
Ganfeng’s success at Avalonia make clear that this region sits on economic quantities of spodumene. It’s a matter of GMBL keeping the drills turning on its property position in the region to find more.
Those claims to the south of Avalonia, when they come through, will provide a prime target for that effort. That area has generated some solid grades as well (up to 2.95% lithium oxide equivalent in a world where 1% is generally considered economic).
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Brine-Hosted Lithium
Near Utah’s Great Salt Lake
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And this company isn’t content to put all its eggs in one basket with NW Leinster.
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To be sure, that project’s location makes the current drilling program one to watch — but another project to keep a close eye on is Lithium King, a lithium brine project located in Utah.
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Lithium King lies atop a key aquifer on the west side of Utah’s Great Salt Lake Basin.
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Historic sampling on the project has generated anomalous lithium values, and surface well samples indicate that it sits on the southern extension of a high lithium value trend.
USGS samples in the area have graded between 49 and 1,200 parts per million (“ppm”) and averaged 244 ppm, which is on the high end of the 75 to 250 ppm typical of samples in the Great Basin.
GBML’s plans for Lithium King include tracking down oil well data and geophysical datasets for the area, as well as drilling to evaluate the basement depth of the brines.
To that end, the company recently engaged drill consultant McKay Minerals Exploration to drill-test a key target, pending permit approvals.
Having projects focused on the two main types of lithium deposits (hard rock and brine) diversifies GBML’s project portfolio nicely.
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An Eye Toward Acquisition
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And, as exciting as the lithium market is right now, GMBL isn’t only focused on lithium. It is working on a letter of intent on the Sawyer Camp nickel-copper project in Michigan as well.
Both those metals are also critical to EV production (nickel for batteries and copper for electric motors).
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The Sawyer Camp has a highly prospective location — it sits just 50 kilometers south of Lundin Mining’s Eagle Mine in Michigan (home to 4.8 million tonnes of 2.8% nickel and 2.4% copper).
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Assuming the LOI closes, Sawyer Camp project will add yet another battery metal newsmaker to GMBL’s arsenal.
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Leverage One Of Investing’s
Most Powerful Secular Trends
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The bottom line is pretty straightforward here: the EV trend and the electrification of the global economy are going to spike demand for the whole array of battery metals.
If you believe that this is a secular, multi-decade trend, it makes an abundance of sense to invest in companies that can leverage that trend.
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Global Battery Metals is at the base of its growth curve and looking straight up…and lithium prices are at all-time highs.
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The battery metals trade has already sent other names in the space to lofty valuations, but the market has yet to catch up to GBML’s big-time growth potential.
If you want to get in on the ground floor of a battery metal company that seems destined for great things, you’ll want to consider adding Global Battery Metals to your portfolio.
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CLICK HERE
To Learn More about Global Battery Metals Ltd.
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