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 know we uh currently have a really strong balance sheet over seven million dollars in our treasury right now uh we're fortunate enough to be run


by a bunch of invest ex investment bankers that really have a place a premium on on keeping a really strong balance sheet uh we always want to have enough cash on hand to maintain our existing calendar year program and into the following year so we're well financed for 2024 already um we were fortunate enough to sell some non-core assets last year and from that we were able to get about 5 million doar of non-dilutive capital so that's really helped us out on top of the three private placements that we


achieved that year right so when investors are looking at a company you know part of the things that they're looking at is you know the people the management team that's running a company could you talk about um you know could you provide some highlights on who's uh behind uh G battery medals sure yeah now so myself president Co um I have probably about 25 years experience working in the junior mining industry uh I'm a director of many different public companies right now and uh my background


has been in investment begging and uh Venture Capital so I've raised quite a bit of money for different high growth ventures in the past and I have a core of directors on our board that fit the same model so when I went out to pick the directors for our company it was all about you know what benefits can you bring to the company how can you help raise Capital because Junior mining requires a lot of capital um especially when you're just um you're drilling exploring you're spending a lot of money


you got to refresh that from your shareholders that going forward um and then we have I've had the same team involved with this project uh for over the last 10 years and we've been very um experienced in the state of Nevada and searching for lithium in Nevada that's the same core geological and management team right so you know let's talk about probably a good time to uh talk about your property so you uh focused on battery Metals for the electric vehicle Market could you give our audience an overview of your uh


priority projects right now sure so we're focused on two metals primarily uh lithium and nickel so we have the luxury of having some great properties near some uh lithium discovery and also near a major nickel Discovery in in British Columbia so our lithium projects are all in Nevada um like I said we have a long history of operating in Nevada we know the landscape the contractors the people the state government uh we've had a lot of uh success finding lithium deposits in in Nevada as well so we're well vers


there and uh we have three three projects on the go in Nevada uh that are lithium based the Texas spring property which is near the surge Nevada North Discovery uh we're getting really great showings out of that property so for lithium we've got some soil samples that are north of 5,000 PPM lithium which is you know incredible so we're looking to continue to develop that prop property into a resource and then we have the volc canyon project it's a project that we found uh it's an underexplored area


of Nevada in in uh the monitor Valley uh we believe there's great lithium potential there because it's got the same signatures that all the other great lithium deposits in Nevada have in terms of geothermal activity and others and so we're actively exploring on that project as well we'll be back there in the spring and in the summer and fall this year and then we have a Clayton Valley Project which is right beside the Alber uh mine there and it's another great project is more of a clay and Brian


based project so uh we're actively exploring and developing that project at the same time so we have three ongoing projects in in Nevada and then we have a British Columbia nickel based project uh we're right beside the fpx um Baptist deposit there and that project in particular is the eighth largest nickel deposit in the world so we are on the same trend lines where actually our property is um adjacent to their their property and borders our property so we believe that when that project gets


developed into a nickel um nickel mine we will be absorbed as part of it just to add more tonnage to the overall project right so you know based on you know what you were saying it seems like you're a lot very focused on lithium and with this nickel property what are the plans for that I understand does a SP uh plan for for the B BC property yeah um because of the success that we've had in Nevada we've always had a kind of a a diversification strategy going on with our projects in different metals and in


different areas we always want to be in this uh kind of uh uh climate where there's really good mining jurisdictions that we're operating in so British Columbia uh we obviously know it's a traditionally been a very strong mining market and a lot of mines have been developed and deposits have been developed in British Columbia same thing with Nevada Nevada I believe ranks as the number one mining jurisdiction in the world really friendly to deal with easy to raise Capital work crews are


excellent there um the permitting and um uh producing uh environment is really top-notch so we've really focused on those jurisdictions and with our success in lithium mining we really want to bifurcate the company so that the nickel project gets its due and gets its um specific uh resources applied to it that's why we're spinning out the nickel project each grid investor Uh current shareholder currently will get a proportionate share in that project going forward at no additional cost so


we believe it's a win-win for sholders we'll we'll have two public companies essentially for the price of one m so when look looking into 2024 what uh what are the plans I guess obviously focusing on your lithium project so can you talk about sort of the exploration plans for 2020 sure so all four of our projects are going to get exploration dollars spent on them uh We've recently updated the 4311 report for nickel project uh with regards to the spin out the project that that plan there will be to in the first


calendar quarter to affect the spin out list the company raise it raise additional capital and then have that project fully funded so there there's about um $300,000 worth of work that we want to do to finish off the fourth phase of our exploration there once we've done that then we'll go into more of a drilling drilling program um in our projects same kind of idea we've finished a lot of the core basic uh exploration work now we're getting into the trailing of the project so we'll be active on our Texas spring


project and our Clayton valy project with Drilling and the Vol Canyon project will have more soil sampling and more geophysics done prepping it for a drilling program so obviously we're here in v i Vancouver what's the key message you'd like investors attending here to know about your company I I just want them to know that we are a well- financed group uh we have take a priority on the shareholders we every action we do is with the shareholders benefit in mind um we will not run out


of capital because we're really Adept at raising funds for our comp bit company and projects and we're in it for the long run we want to develop these projects to a point where they can be taken over by a major so well thanks Tim for sharing your time today thank you and thanks everyone for watching join us again next time for another engaging conversation on Co insights if you like this video make sure you subscribe to our Channel and turn on notifications so you don't miss future updates and interviews see you


next [Music] time