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Alkali Lake: Lithium Exploration Project Overview
Feb 17 2016 / TheNewswire / Vancouver, BC - As stated in the Press Release Dated December 29th 2015 Nevada Energy Metals Inc. TSX-V: BFF (OTC Pink: SSMLF) has e
About this update from Grid Battery Metals Inc
[{"type":"text","content":" Feb 17 2016 / TheNewswire / Vancouver, BC - As stated in the Press Release Dated December 29th 2015 Nevada Energy Metals Inc. TSX-V: BFF (OTC Pink: SSMLF) has entered into an option agreement with Dajin Resources Corp. TSX-V: DJI (OTC Pink: DJIFF) to earn up to a 60% interest in the Alkali Lake lithium exploration project. Located in Esmeralda County, Nevada the property is approximately 10km (6 miles) northeast of Clayton Valley which hosts Rockwood Lithium Corporation's lithium brine mining operation and the exploration properties of both Pure Energy Minerals Limited and Lithium X Energy Corp. Click Image To View Full Size Alkali Lake area looking North, December 2015 The Alkali Lake Project is a grass roots stage lithium exploration project consisting of one hundred seven (107) unpatented placer claims covering approximately 2,760 acres. These claims were staked and are currently held in good standing by Dajin Resources (US) Corp. Dajin also recently completed the acquisition of a second claim block consisting of an additional 84 contiguous claims. These claims are referred to as the \"eastern block\" and are located approximately 2 miles east of the initial claim group. Why Lithium? Click Image To View Full Size The most important use of lithium is in rechargeable lithium-ion batteries for electric vehicles (EV's), grid-scale energy storage, phones, laptops, cameras, gaming consoles and hundreds of other electronic devices. Lithium-ion batteries are increasingly used for bikes, power tools, forklifts, cranes and other industrial equipment. Proof of unstoppable lithium demand can be found in the fact that even though oil, natural gas, coal & gasoline prices are down 50% or more, lithium prices increased by about 20% in 2014 and by a larger percentage in 2015. Benchmark Mineral Intelligence estimates that the \"EV market will grow five -fold between 2015 and 2020 while the market for stationary storage will increase 8-fold.\" In Nevada we have already seen Tesla increase the land holdings of their $5 billion under-construction lithium-ion battery gigafactory and Faraday Future strike a deal to build a $1 billion electric car plant. Click Image To View Full Size Geology and Mineralization: The entire surface area of the Property is mapped as Quaternary playa and lake bed deposits and alluvium. The developing model which is...