Welcome to our dedicated page for Surge Battery Metals news (Ticker: NILIF), a resource for investors and traders seeking the latest updates and insights on Surge Battery Metals stock.
Surge Battery Metals Inc. (TSXV: NILI, OTCQX: NILIF) focuses on advancing its Nevada North Lithium Project through systematic exploration of high-grade lithium clay deposits. This page provides investors with essential updates on drilling programs, technical studies, and strategic developments critical to battery metal supply chains.
Access authoritative reports on resource estimates, metallurgical test results, and operational milestones. Our curated news collection ensures timely updates about lithium exploration progress while maintaining strict compliance with mineral disclosure standards.
Key updates include drilling campaign results, partnership announcements with engineering firms, and progress toward lithium extraction optimization. All content undergoes rigorous verification to ensure alignment with NI 43-101 technical reporting guidelines.
Bookmark this page for direct access to validated operational updates and geological insights. Regularly refreshed content supports informed decision-making about lithium exploration developments in North America's evolving energy sector.
Surge Battery Metals Inc. (TSXV:NILI)(OTC PINK:NILIF) announced the appointment of Graham Harris to its Board of Directors. Harris, with over 40 years in finance, previously led Millennial Lithium Corp., acquired for $490M by Lithium Americas. His expertise includes raising over $400M for various companies and holding senior positions at Canaccord Genuity Corp. and Yorkton Securities. President and CEO Greg Reimer expressed enthusiasm regarding Harris's commitment and experience, essential for advancing Surge's flagship Nevada North Lithium Project. The project boasts significant drilling results, including a zone averaging 3,254 ppm lithium. Surge also announced granting 1.5 million stock options at 25 cents each to directors and officers.
Surge Battery Metals Inc. (TSXV:NILI)(OTC:NILIF) has entered into an option agreement to acquire the remaining 20% interest in the HN4 and N100 mineral claims in British Columbia from Nickel Rock Resources. This move grants Surge 100% ownership of the claims, enhancing its strategic position for future exploration of nickel/iron alloy "Awaruite". The acquisition involves the issuance of 1,000,000 common shares to Nickel Rock. Additionally, Surge raised $908,082 through a completed private placement. The transaction is classified as a related party transaction, exempt from minority approval due to its market capitalization standing.
Surge Battery Metals Inc. (NILIF) has received approval from the Nevada Bureau of Land Management for a new drilling program at its Nevada North Lithium Project. The company plans to drill seven new locations in May 2023, targeting a zone with high lithium content, with samples reported up to 5,950 ppm. The previous drilling in late 2022 already revealed a mineralized zone over a strike length of 1,620 meters, with notable intersections averaging 3,943 ppm lithium over 120.4 meters. This ongoing exploration aims to further assess the lithium clay deposit's size and continuity.
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