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 (OTCQX: NILIF) generates frequent news related to lithium exploration, project development, financing, and strategic partnerships. Company releases emphasize its role as a Canadian-based mineral exploration company advancing the Nevada North Lithium Project in Nevada, USA, targeting clean, high-grade lithium energy metals for electric vehicles and battery energy storage.
News updates often cover drilling and technical milestones at the Nevada North Lithium Project, including core drilling programs, infill drilling, and work designed to upgrade mineral resource classifications. These announcements describe lithium-bearing claystone horizons, resource estimates expressed in Lithium Carbonate Equivalent, and progress toward economic studies such as a Preliminary Economic Assessment and a planned Pre-Feasibility Study.
Investors following NILIF news will also see coverage of corporate and financial developments. The company reports non-brokered private placements and listed issuer financing exemption offerings of units consisting of common shares and share purchase warrants, with proceeds directed to project-related costs, feasibility work, and working capital. News releases highlight participation by strategic investors such as The Quaternary Group Ltd., along with details on finders’ fees and stock option grants to directors, officers, and consultants.
Another recurring theme in Surge Battery Metals’ news is its joint venture with a subsidiary of Evolution Mining Limited, implemented through Nevada North Lithium LLC. Updates describe funding contributions, changes in joint venture ownership interests, and governance arrangements for advancing the Nevada North Lithium Project. The company also reports on engagements with government relations firms and marketing and investor awareness providers aimed at positioning the project within U.S. critical minerals policy and expanding market visibility.
This news page allows readers to follow these developments in one place, from technical drilling results and resource updates to financing transactions and joint venture milestones related to NILIF.
Surge Battery Metals (OTCQX: NILIF) has filed a Preliminary Economic Assessment (PEA) for its Nevada North Lithium Project, revealing exceptional economic potential. The project boasts an after-tax NPV8% of US$9.17 billion and an IRR of 22.8% at US$24,000/t lithium carbonate equivalent (LCE) price.
The project features a 42-year mine life with average annual production of 86,300 tonnes LCE, peaking at 109,100 tonnes in Year 6. Total capital cost is US$5.32 billion across two phases, with operating costs at US$5,243/t LCE. The project expects average annual after-tax cash flow of US$1.06 billion with a 4.6-year payback period.
The Nevada North Lithium Project contains an inferred resource of 8.65 Mt of LCE grading 2,956 ppm Lithium, with mineralization extending over 4,300 meters in strike length.
Surge Battery Metals (TSXV: NILI) (OTCQX: NILIF) has announced a stock option grant totaling 1.35 million options to its directors, officers, and consultants. The options are exercisable at $0.30 per share over a five-year period. This equity compensation plan aims to align the interests of key personnel with those of shareholders.
Surge Battery Metals (TSXV: NILI) (OTCQX: NILIF) has appointed Owen Taylor as a new director, bringing the company into compliance with Exchange Policy 3.1, Section 5.7's requirement of two independent directors. Taylor joins Ted O'Connor as the second independent director, alongside non-independent directors Graham Harris, Greg Reimer, Iain Scarr, and Vijay Mehta.
Taylor brings over 35 years of experience in government/regulatory organizations and commercial entities. He is a retired senior partner from PwC Canada, where he served as National Leader for their Government and Public Sector practice. He is also the founder of Parker Strategies , a consultancy focused on strategic advisory and negotiation services.
The company has also granted 250,000 stock options, exercisable over five years at 30 cents per share.
Surge Battery Metals (NILIF) has successfully completed a non-brokered private placement financing, raising $3,105,500 through the issuance of 10,351,667 units at $0.30 per unit. Each unit consists of one common share and one warrant, with warrants exercisable at $0.45 per share for three years from closing.
The company paid finder fees of $36,840, subject to TSX Venture Exchange approval. All securities issued will have a four-month and one-day hold period ending August 12, 2025. The proceeds will be allocated towards completing the PEA and funding ongoing operations.
Surge Battery Metals (OTCQX: NILIF) announces that negotiations with a strategic US-based private investor for funding through bankable feasibility study have fallen through due to TSXV policy framework constraints. Despite efforts to resolve the issues, the investor decided not to proceed.
The company reports progress on its Nevada North Lithium Project, highlighting a successful drill program, resource update, and ongoing Preliminary Economic Assessment (PEA). The Bureau of Land Management has approved their Exploration Plan of Operations permit, and the PEA is expected to be completed by end of Q2 2025.
To secure funding, Surge announces a non-brokered private placement of 10,000,000 units at $0.30 per unit, targeting gross proceeds of $3,000,000. Each unit includes one common share and a three-year warrant at $0.45 per share. Current shareholders are contributing $2,500,000 to the placement.
Surge Battery Metals (OTCQX: NILIF) responds to President Trump's March 20, 2025 executive order aimed at boosting America's mineral production. The order focuses on securing critical minerals, including lithium, for defense, technology, and electric vehicle industries.
The company's Nevada North Lithium Project is positioned to contribute significantly to domestic lithium supply, aligning with the 'Unleashing American Energy' initiative. The project is expected to create approximately 2,000 construction jobs and 350 full-time operational positions, while supporting ancillary services in local communities.
CEO Greg Reimer emphasized the project's role in reducing foreign mineral dependence and enhancing national security. The initiative aims to streamline Federal agency approvals for domestic mineral production projects, supporting America's clean energy goals while ensuring mineral independence.
Surge Battery Metals (OTCQX: NILIF) has received approval from the Bureau of Land Management (BLM) for its Nevada North Exploration Plan of Operations (EPoO) at the Nevada North Lithium Project. The approval marks a significant permitting milestone, expanding the allowable disturbance area from 5 to 250 acres for exploration activities.
The expanded permit enables:
- Construction of new roads, cross-country trails, and drill pads
- Mineral exploration and condemnation drilling
- Metallurgical testing via bulk sampling
- Hydrogeologic investigations including groundwater wells
- Geotechnical investigations and infiltration testing
The company commits to concurrent reclamation activities and will post a bond to ensure site restoration. Management plans to execute their spring/summer drill plan for 2025 and aims to update their Mineral Resource Estimate in Q4 2025.
Surge Battery Metals (TSXV: NILI) (OTCQX: NILIF) announces its Nevada North Lithium Project (NNLP) has entered the 30-day National Environmental Policy Act (NEPA) Environmental Assessment public comment period. The Bureau of Land Management (BLM) is reviewing the company's Exploration Plan of Operations and Reclamation Plan Permit Application submitted on November 21, 2023.
The project would expand the company's permitted disturbance area from 5 to 250 acres within the 7,819-acre Project Area, enabling expanded drilling operations in 2025 and beyond. The drilling program aims to gather data on lithium mineral availability, extraction processes, metallurgical attributes, and hydrogeologic characteristics. The public comment period will close on January 19, 2025.
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