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 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.
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