Fundamental Research Initiates Coverage on Grid Battery Metals and Publishes Its Initiation Research Report
In This Article:
COQUITLAM, BC / ACCESSWIRE / May 9, 2024 / Grid Battery Metals Inc. (the "Company" or "Grid") (TSXV:CELL)(OTCQB:EVKRF)(FRA:NMK2) is pleased to report that Fundamental Research Corp. ("Fundamental" or "FRC") has initiated coverage of the Company. The Initiating Coverage Report can be viewed at Fundamental's website and various third-party websites.
Fundamental is one of the largest independent equity research firms in the world, specializing in small-cap companies and having covered over 650 companies in its 19 years of operation. Fundamental provides fee-based coverage to companies and Grid expresses no opinion on the fully independent forecasts, conclusions, and recommendations of Fundamental. Grid contracted Fundamental to provide its third-party independent research report services for CAD$25,000 + GST.
The Fundamental Research Corp.'s Initiation Research Report includes a third-party independent review of Grid Battery Metals, an Enterprise Valuation Analysis and a Share Price Target completed by FRC's VP & Head of Research, Mr. Siddarth Rajeev, B. Tech (Electronics Engineering), MBA (Finance), CFA.
About Fundamental Research Corp.
FRC is one of the largest independent equity research firms in the world, having covered over 650 companies in its 21 years of operation. FRC provides fee-based coverage to companies and Grid expresses no opinion on the fully independent forecasts, conclusions, and recommendations of FRC. Their research is being used by some of the largest institutional investors in the world who access it through channels such as Reuters, S&P Capital IQ, Bloomberg, and by subscription.
FRC takes steps to ensure independence including setting fees in advance and utilizing analysts who must abide by CFA Institute Code of Ethics and Standards of Professional Conduct. Additionally, analysts may not trade in any security under coverage. FRC has full editorial control of all research, timing of release of the reports, and release of liability for negative reports are protected contractually.
About Grid Battery Metals Inc.
Grid Battery Metals Inc. is a Canadian based exploration company whose primary listing is on the TSX Venture Exchange. The Company's maintains a focus on exploration for high value battery metals required for the electric vehicle (EV) market.
About Texas Springs Property
The Company owns a 100% interest in the Texas Spring Property which consists of mineral lode claims located in Elko County, Nevada. The Property is in the Granite Range southeast of Jackpot, Nevada, about 73 km north-northeast of Wells, Nevada. The target is a lithium clay deposit in volcanic tuff and tuffaceous sediments of the Humbolt Formation. A Phase 1 exploration program at the Texas Springs Property (Fall 2023) yielded results with average lithium grades of 2010 ppm, applying a 1,000 ppm cut-off, and up to 5,610 ppm Lithium.
