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SURGE BATTERY METALS INC - NILIF STOCK NEWS

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Surge Battery Metals Inc., a Canadian-based mineral exploration company, is actively engaged in the Nevada North Lithium Project to secure the supply of domestic lithium. Focused on exploring clean, high-grade lithium energy metals, Surge aims to power the electric vehicles of the future. The company recently achieved a milestone in producing lithium carbonate exceeding 99% purity from clays at the project site, showcasing its technological capability and resource potential. With a strategic listing on the TSX Venture Exchange and the OTCQX Market, Surge Battery Metals is poised to drive sustainable advancements in lithium exploration, essential for the evolving electric vehicle industry.

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Surge Battery Metals has engaged M3 Engineering to lead the Preliminary Economic Assessment (PEA) for its Nevada North Lithium Project (NNLP). The PEA results, expected by the end of Q4 2024, will be based on an updated resource estimate post-spring drill program. Current estimates show 4.67 Mt LCE at an average grade of 2,839 ppm Li. The project involves open pit mining with high lithium carbonate purity extraction. Supporting firms include Independent Mining Consultants and Kemetco. The expected outcome is high-quality battery-grade lithium carbonate.

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Surge Battery Metals Inc. is leading the way in the electric vehicle market with its Nevada North lithium project, strategically located in a prime mining district in Elko. The project features high-grade lithium clay assets, set for conventional extraction. With plans for extensive drilling and metallurgical work, Surge Battery Metals aims to bridge the supply-demand gap in the lithium market, essential for the electric vehicle industry's growth. The company's focus on sustainable mining practices underscores its commitment to environmental stewardship.

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Surge Battery Metals Inc. has engaged Boart Longyear for the 2024 drill program at the Nevada North Lithium Project. The company aims to expand the lithium deposit through eight reverse circulation holes and has secured surface access for further testing. Surge is on track with its 2024 operating plan, including a maiden Mineral Resource Estimate and metallurgical testing. The company is fully funded for its 2024 programs.

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Surge Battery Metals Inc. achieves a significant milestone in lithium production with over 99% purity at Nevada North Lithium Project.
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Surge Battery Metals Inc. files a technical report for the Nevada North Lithium Project, meeting NI 43-101 requirements. The report includes a mineral resource estimate disclosed in a previous news release.
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Surge Battery Metals Inc. has entered into an agreement with the Salmon River Cattlemen's Association for exploration activities. The company plans to drill eight holes to test high-grade lithium mineralization in various locations. The drilling is scheduled to start by the end of May 2024.
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Surge Battery Metals Inc. announces participation in the PDAC Convention 2024 to engage with industry peers and showcase advancements. The company aims to strengthen its position as a leader in mineral exploration while promoting competitiveness, responsibility, and sustainability within the sector.
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Surge Battery Metals Inc. announces a maiden Mineral Resource Estimate (MRE) for its Nevada North Lithium Project, showcasing a high-grade lithium clay resource in the USA with significant expansion potential. The MRE includes over 4Mt of Lithium Carbonate Equivalent (LCE) grading 3,167 Li PPM at a 2,000 ppm Li cutoff. The company plans to continue derisking the project through metallurgical test work, technical studies, and permitting, with a focus on expanding the known resource through drilling.
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Surge Battery Metals Inc. (TSXV: NILI) (OTCQX: NILIF) has been recognized as one of the 2024 Top 50 mining companies on the TSX Venture Exchange for its high-grade Northern Nevada Lithium Project. The company's CEO expressed gratitude for the achievement and highlighted the team's dedication to creating value for shareholders.
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Surge Battery Metals Inc. has retained Dr. Bruce Davis to calculate the maiden Mineral Resource Estimate for Surge's high-grade lithium clay discovery at Nevada North. Dr. Davis, with over 40 years of experience, will provide professional services to estimate mineral resources. Surge expects to produce the estimate in Q1 of 2024 and anticipates the resource to grow with additional drilling. The CEO, Mr. Greg Reimer, expressed confidence in the achievement and looks forward to sharing the results with shareholders.
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FAQ

What is the current stock price of SURGE BATTERY METALS (NILIF)?

The current stock price of SURGE BATTERY METALS (NILIF) is $0.3263 as of October 15, 2024.

What is the market cap of SURGE BATTERY METALS (NILIF)?

The market cap of SURGE BATTERY METALS (NILIF) is approximately 63.3M.

What is Surge Battery Metals Inc. focused on?

Surge is actively engaged in the Nevada North Lithium Project to explore high-grade lithium energy metals.

What recent accomplishment has Surge Battery Metals Inc. achieved?

The company successfully produced lithium carbonate exceeding 99% purity from clays at the project site.

Where is the Nevada North Lithium Project located?

The project is situated in the Granite Range southeast of Jackpot, Nevada, 73 km north-northeast of Wells, Elko County, Nevada.

What is Surge Battery Metals' contribution to the electric vehicle industry?

The company plays a pivotal role in advancing lithium exploration, supporting the sustainable future of the electric vehicle industry.

What strategic listings does Surge Battery Metals hold?

Surge is listed on the TSX Venture Exchange in Canada and the OTCQX Market in the US.

SURGE BATTERY METALS INC

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63.26M
155.91M
5.32%
0.24%
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