Grid Battery Metals Inc (TSE:CELL) has released an update.
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Grid Battery Metals Inc. shareholders have overwhelmingly approved all resolutions at the Annual General and Special Meeting, including a strategic plan to distribute shares of its subsidiary AC/DC Battery Metals Inc. and transfer ownership of its valuable nickel properties in British Columbia. The move aligns with the company’s focus on lithium projects in Nevada and capitalizes on the growing demand for nickel in the electric vehicle market. The company anticipates the spin-out will significantly enhance shareholder value and is set to finalize the arrangement in the coming weeks.
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