Surge Battery Metals Inc Stock Price, News & Analysis

Surge Battery Metals Inc. (TSXV: NILI) (OTCQX: NILIF) has announced a property purchase agreement with M3 Metals Corp. for the Texas Springs Properties, which are part of Surge's Nevada North Lithium Project. Surge will acquire M3M's 50% interest in the properties in exchange for 1,200,000 common shares of Surge. This transaction will give Surge 100% ownership of the Properties, terminating the previous mineral property option agreement dated July 26, 2023. The deal is subject to TSX Venture Exchange approval. Additionally, Surge has granted 2,850,000 stock options to directors, officers, and consultants, exercisable for five years at 40 cents per share.

EarthLabs Inc. (TSXV: SPOT) has launched EarthLabs Expeditions, an innovative documentary series focusing on junior mining and exploration. The series, to 10 Expeditions per year, aims to provide an unfiltered look at significant discoveries and impactful projects in the industry. Hosted by Jonathan Brazeau, it offers a raw, real-world perspective on the challenges and dedication within the sector.

The inaugural episode features Surge Battery Metals (TSXV: NILI) (OTCQX: NILIF), showcasing their Nevada North Lithium Project. This project is important for securing the domestic lithium supply chain, essential for powering electric vehicles and sustainable energy solutions. The episode is now available on YouTube, with the series also accessible through Twitter and CEO.CA platforms.

Surge Battery Metals (TSXV: NILI) (OTCQX: NILIF) has announced the second half of certified assay results from its 2024 drilling program at the Nevada North Lithium Project (NNLP). Highlights include:

- NNL-028: 80.7m @ 4,009 PPM Li, including 71.6m @ 5,023 PPM Li
- NNL-027: 4.6m @ 2,322 PPM Li
- Record-high grade sample of 8,190 PPM Li

The drilling has extended mineralization 1,300 meters south of existing holes, with lithium mineralization deeper, thicker, and higher-grade to the south. The company plans to incorporate these results into an updated resource estimate expected in September. The 8-hole 2024 RC Drilling Program has increased the mineralized zone footprint to 849 acres and confirmed lateral continuity of mineralized layers.

Surge Battery Metals (TSXV: NILI) (OTCQX: NILIF) announces high-grade lithium intersections from its 2024 drilling program at the Nevada North Lithium Project (NNLP). Key highlights include:

• NNL-021: 50.3m @ 3,813 Li PPM
• NNL-022: 91.4m @ 3,800 Li PPM
• NNL-024: 80.8m @ 3,236 Li PPM

The drilling has extended mineralization 1,300 meters south, increasing the strike length from 3 km to 4.3km. Lithium mineralization is present within 15m of surface in all holes. These results are expected to expand the existing inferred resource of 4.67 million tonnes of lithium carbonate equivalent grading 2,839 ppm lithium at a 1,250 ppm Li cut-off.

Surge Battery Metals reported progress in its 2024 drilling at the Nevada North Lithium Project (NNLP). The company has completed four out of eight planned holes, confirming the presence of mineralized clay horizons. The drilling program aims to test soil geochemical anomalies and extend the known lithium mineralization found in previous years. So far, the mineralized clay has been extended 1 km east and west, and 1.2 km south. Initial results showed thicker than expected mineralized clay zones, particularly in holes NNL-021 and NNL-022. Samples from these holes are being analyzed by ALS Global for further insights.

Surge Battery Metals has begun its 2024 exploration drill program at the Nevada North Lithium Project, situated north-northwest of Elko, Nevada. The program involves an eight-hole reverse circulation drilling to test geochemical extensions and known geophysical footprints for lithium mineralization. The drilling aims to expand the known NNLP deposit's lateral and vertical extent, which contains an inferred resource of 4.67 million tonnes of lithium carbonate equivalent at 2,839 ppm lithium. The drilling will cover an area extending 1km west and 1.2km south of the maiden resource area. This phase is expected to last about three weeks, with initial assay results anticipated by early August. The results will update the resource model and be incorporated into the Preliminary Economic Assessment currently underway. CEO Greg Reimer emphasized the potential for upgrading the size and lithium content of the inferred mineral reserve.

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.

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.

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.