Surge Battery Metals Inc. reports company developments tied to lithium exploration and project advancement at the Nevada North Lithium Project in Elko County, Nevada. News commonly covers drilling and assay results, mineral resource estimate work, metallurgical testing, engineering studies, geotechnical and hydrogeological data collection, and pre-feasibility study activities for the lithium claystone project.
The company also reports updates involving Nevada North Lithium LLC, its joint venture with Evolution Mining subsidiaries, along with project funding advances, technical contractor engagements, investor relations agreements, exchange and market communications, and board or governance changes. Surge is a Canadian-based mineral exploration company with common shares quoted on the OTCQX under NILIF and listed on the TSX Venture Exchange under NILI.
Surge Battery Minerals announces an increased budget for its investor relations campaigns amid travel restrictions due to the Covid-19 pandemic. The company has engaged Winning Media LLC for a 120-day investor marketing campaign at a cost of $250,000. Following a recent financing of $2,800,000, Surge has also raised an additional $2,300,000 from the exercise of warrants and stock options. The company focuses on battery metals essential for the EV market, with interests in lithium and nickel exploration in Nevada and British Columbia.
Surge Battery Metals has launched its fall exploration program at the BC Nickel Properties in Northern British Columbia, collaborating with Nickel Rock Resources. Through an Option Agreement, Surge will acquire an 80% interest in Hard Nickel 4 and Nickel 100 Claims, with Nickel Rock retaining 20%. The company plans to invest approximately CAD$200,000 in exploration efforts, including trenching and drone surveys, focused on identifying valuable nickel mineralization. Surge holds over CAD$4 million in working capital, supporting its exploration strategy aimed at enhancing shareholder value.
Surge Battery Minerals Inc. (TSXV: NILI; OTCQB: NILIF) has launched its fall exploration program at the Caledonia Copper-Silver Project located on Northern Vancouver Island, near Port Hardy. This project includes claims situated near the former Island Copper mine, known for producing significant copper and silver. Initial findings from soil and rock sampling are expected by October 2021, with a comprehensive N.I. #43-101 Technical Report anticipated by November 2021. The company aims to confirm the potential for further mineral discoveries in this historically underexplored area.
Surge Battery Minerals Inc. (OTCQB: NILIF) announced that its common shares began trading on the OTCQB Venture Market as of August 31, 2021. This move complements its Canadian listing on the TSX Venture Exchange under the symbol NILI. President & CEO Greg Reimer stated that this transition is expected to enhance liquidity and broaden its investor base, allowing easier access to market information. Additionally, Surge has achieved a Blue Sky listing with Mergent, opening up to a wider investment audience. For detailed stock information, visit NILIF Quote.
Surge Battery Minerals has finalized plans to acquire 38 mineral claims in Northern Nevada for USD$12,000 cash and 250,000 shares. This Northern Nevada Lithium Project aims to explore lithium clay deposits and is strategically located near proven lithium resources. The company noted initial promising lithium readings from sediment samples, with results reaching up to 1,980 ppm lithium. Surge plans further geological mapping and soil surveys to identify drilling targets. The acquisition aligns with broader industry momentum, notably from Albemarle's efforts to enhance domestic lithium production.
Surge Battery Minerals Inc. has secured approximately $2.8 million in financing for its 2021 plans, with an additional $2.2 million expected from warrant conversions. The funds will support exploration in Canada for high-value battery metals like copper, nickel, and lithium, crucial for the electric vehicle (EV) market. The company aims to enhance its position in the low carbon economy, addressing the forecasted $1.7 trillion mining investment needed over 15 years. Surge focuses on unlocking North American exploration properties.
Surge Battery Minerals has signed an Option Agreement with Green River Gold Corp. to acquire an 80% interest in 2,219.34 hectares of mineral claims at the Quesnel Nickel Project in British Columbia. The project, accessible via highway and forestry roads, shows potential for nickel alloy mineralization similar to the Decar District. The agreement requires the issuance of shares and a minimum of $800,000 in mining work expenditures by the fourth anniversary. Surge's President notes the early-stage nature of the project and plans to begin work permits soon.
Surge Battery Minerals Inc. announced the approval of a new stock symbol 'NILIF' for trading on OTC Markets, effective immediately. This change is part of a rebranding effort aimed at enhancing the company's focus on exploring high-value battery metals for the electric vehicle market. The company also launched a new corporate website to improve shareholder communication. With approximately $2.8 million in treasury, Surge plans to pursue strategic projects. Notably, it has entered a Property Option Agreement for a 100% interest in seven mineral claims in British Columbia.