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 has signed a Letter of Intent to acquire an 80% interest in 16 lithium mining claims, totaling 640 acres in Nevada's San Emidio Desert. The acquisition aims to enhance Surge's existing lithium assets and is subject to due diligence until January 31, 2022. The transaction includes a payment of CAD$20,000, issuance of 1,000,000 shares, and grants of 4,000,000 warrants. Previous exploration indicates significant lithium concentrations in the area, reinforcing its potential as a valuable lithium asset.
Surge Battery Metals Inc. has staked a new 663 ha property in Teels Marsh, Nevada, positioned strategically near active lithium exploration sites, including Albemarle's Silver Peak operation. Limited prior exploration indicates significant lithium content, with sediment samples showing up to 500 ppm Li. Future exploration plans include drill tests targeting lithium-rich deposits.
Metallurgical tests suggest efficient lithium recovery from the identified montmorillonite clay. The project aims to enhance the company’s lithium exploration portfolio as demand in the EV market rises.
Surge Battery Metals announced the completion of a soil sampling program at its Northern Nevada Lithium Project, collecting 445 samples due to weather constraints. Initially planned for 1,000 samples, the program faced delays from COVID and snowfall. The results will guide future exploration, targeting lithium-rich claystone deposits, with follow-ups planned for spring 2022. The project consists of 95 claims across 770 Ha, with historical lithium values reaching up to 1,980 ppm. Surge Battery also holds interests in nickel projects in British Columbia and a lithium project in the San Emidio Desert.
Surge Battery Metals Inc. has provided an update to shareholders regarding its achievements and plans for 2022. The company has successfully raised CAD$3.325 million in financing, enhancing its liquidity to approximately CAD$4.1 million. Surge is focused on exploring key minerals such as lithium, nickel, and copper, essential for the electric vehicle market, with projects located in Nevada and British Columbia. The demand for these metals is projected to increase significantly as the EV market grows, with expectations of reaching 140 million vehicles by 2035.
Surge Battery Metals has filed a technical report on its Caledonia Silver-Copper Project, dated October 30, 2021. This report adheres to National Instrument 43-101 standards and is available on SEDAR. The Caledonia Project encompasses 7 mineral claims near the historic Island Copper mine, known for extracting significant copper and other metals. The 2021 exploration established a new copper skarn trend and confirmed past assay values. Future exploration phases are planned, with Phase II estimated at $125,000 and Phase III at $245,045.
Surge Battery Metals Inc. has appointed James Hellwarth to its Advisory Board, enhancing its leadership team. Hellwarth, managing partner of Xander Capital, brings 13 years of experience in business development across various sectors, including mining and finance. His extensive network is expected to facilitate capital raises, crucial for advancing the company's interests in high-value battery metals. Surge Battery focuses on nickel-iron alloy and lithium exploration in British Columbia and Nevada, with significant mineral claims in both regions.
Surge Battery Metals Inc. has closed its acquisition of an 80% interest in the HN4 and N100 nickel claims in Northern British Columbia from Nickel Rock Resources Inc.. This agreement includes the issuance of 5,000,000 common shares and a commitment to spend $200,000 on exploration within two years. This transaction, classified as a related-party transaction, was exempt from formal valuation and minority shareholder approval due to its value being under 25% of the Company's market cap. A technical report has been filed regarding the claims.
Surge Battery Metals has announced plans for lithium exploration at its San Emidio Project in Nevada, covering approximately 4,800 acres. The project aims to identify a lithium brine deposit similar to those in Clayton Valley and South America. An exploration program is set to commence in Q1 2022, including geophysical surveys and geochemical sampling to pinpoint drill targets. The region is geologically active with historical lithium values recorded up to 600 ppm. Surge Battery also owns a 100% interest in 95 mineral claims in Elko County, Nevada.
Surge Battery Metals has entered into a Client Services Agreement with Stockhouse Publishing Ltd. to enhance market outreach and investor awareness over the next 12 months. The agreement provides access to over 30 marketing tools, with a total cost of $200,000, including $60,000 in cash and $140,000 in common shares. The issuance will occur in 5 tranches. Surge's focus remains on its lithium and nickel projects in Nevada and British Columbia. This move aims to educate investors about Surge's developments and bolster its investor base.
Surge Battery Metals Inc. has entered into a Corporate Advisory and Investment Banking Agreement with Network 1 Financial Securities, effective October 21, 2021. This partnership aims to enhance Surge's US corporate financing and securities strategy, including plans for US private placements and a potential up-listing to a senior North American stock exchange. Surge is focused on the growing demand for battery metals in the green energy sector. With expert guidance from Network 1, the company anticipates unlocking long-term shareholder value.
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