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 (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.
Surge Battery Metals (OTCQX: NILIF) has filed a technical report on SEDAR titled 'Technical Report on Mineral Resource Estimate for the Nevada North Lithium Project' in Elko Country, Nevada. The report, dated October 9, 2024, was filed in compliance with NI 43-101 requirements following the company's mineral resource estimate disclosure from September 24, 2024. The technical report has been reviewed and approved by qualified persons Bruce M. Davis, PhD, FAusIMM and Jeffrey D. Phinisey, SME RM#4030404.
Surge Battery Metals announces key updates to its property transactions. The company has extended its Purchase Agreement with M3 Metals Corp. for the Texas Springs Properties until June 30, 2025, requiring disinterested shareholder approval. The deal involves issuing 1.2 million common shares to M3M for their 50% interest in the properties near Surge's Nevada North Lithium Project.
Additionally, Surge has sold its nickel claims in Northern British Columbia to FPX Nickel Corp. The Nickel 100 Agreement brings $50,000 in cash, while the Hard Nickel Agreement yields approximately $185,000, comprising $150,000 in cash and a reclamation bond return of $44,681 minus reclamation costs. These sales align with Surge's strategy to focus on its Nevada North Lithium Project.
Surge Battery Metals has reported successful lithium clay beneficiation testing at its Nevada North Lithium Project, achieving a 25% increase in lithium grade while maintaining 87% lithium retention. Using a Falcon Continuous Concentrator, the company upgraded a sample from 4,105 ppm Li to 5,124 ppm Li. This advancement could significantly reduce processing costs, as leaching represents the highest-cost input in lithium recovery. The company plans to incorporate these results in their Preliminary Economic Assessment scheduled for Q1 2025, with further optimization work planned for 2025.
Surge Battery Metals reports a significant increase in the Resource Estimate (RE) for its Nevada North Lithium Project (NNLP). The updated RE includes a pit-constrained Inferred Resource of 11.24 Mt of Lithium Carbonate Equivalent (LCE) grading 3,010 ppm Li at a 1,250 ppm Li cutoff. This represents a 113% increase in LCE tonnes and a 5% increase in grade compared to February 2024.
Key highlights include:
- Highest-grade lithium clay resource in the USA
- 7.43 Mt of LCE at a 3,000 ppm Li cutoff with an average grade of 3,843 PPM Li
- Strong growth potential with the resource remaining open in multiple directions
The company plans to complete a Preliminary Economic Assessment (PEA) by Q1 2025 and is working on metallurgical testing, technical studies, and permitting efforts.
CEO.CA, a leading investor social network for junior resource and venture stocks, recently interviewed Graham Harris, Chairman of Surge Battery Metals (TSXV: NILI) (OTCQX: NILIF) for their 'Inside the Boardroom' series. The discussion focused on Surge's record-high grade intercepts at their Nevada North Lithium Project, highlighting the importance of domestic lithium supply and the company's plans for the upcoming year. This exclusive update provides investors with firsthand knowledge from industry leaders, offering insights into the vision, challenges, and strategies of junior mining explorers. The interview is available on CEO.CA's YouTube channel, which hosts hundreds of executive interviews from various companies in the sector.
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