Surge Battery Metals Inc Stock Price, News & Analysis

Surge Battery Metals Inc. (TSXV:NILI)(OTC PINK:NILIF) announced the appointment of Graham Harris to its Board of Directors. Harris, with over 40 years in finance, previously led Millennial Lithium Corp., acquired for $490M by Lithium Americas. His expertise includes raising over $400M for various companies and holding senior positions at Canaccord Genuity Corp. and Yorkton Securities. President and CEO Greg Reimer expressed enthusiasm regarding Harris's commitment and experience, essential for advancing Surge's flagship Nevada North Lithium Project. The project boasts significant drilling results, including a zone averaging 3,254 ppm lithium. Surge also announced granting 1.5 million stock options at 25 cents each to directors and officers.

Surge Battery Metals Inc. (TSXV:NILI)(OTC:NILIF) has entered into an option agreement to acquire the remaining 20% interest in the HN4 and N100 mineral claims in British Columbia from Nickel Rock Resources. This move grants Surge 100% ownership of the claims, enhancing its strategic position for future exploration of nickel/iron alloy "Awaruite". The acquisition involves the issuance of 1,000,000 common shares to Nickel Rock. Additionally, Surge raised $908,082 through a completed private placement. The transaction is classified as a related party transaction, exempt from minority approval due to its market capitalization standing.

Surge Battery Metals Inc. (NILIF) has received approval from the Nevada Bureau of Land Management for a new drilling program at its Nevada North Lithium Project. The company plans to drill seven new locations in May 2023, targeting a zone with high lithium content, with samples reported up to 5,950 ppm. The previous drilling in late 2022 already revealed a mineralized zone over a strike length of 1,620 meters, with notable intersections averaging 3,943 ppm lithium over 120.4 meters. This ongoing exploration aims to further assess the lithium clay deposit's size and continuity.

Surge Battery Metals Inc. has announced a significant lithium clay discovery at its Nevada North Lithium Project. The company, which is 100% owner of the project, reported lithium values ranging from 1,000 to 5,120 ppm, with the highest recorded at 5,950 ppm. Further exploration drilling is planned, with a budget of $500,000, aimed at delineating the high-grade deposit and conducting metallurgical studies in Q2 2023. Additionally, the resignation of board member William MacDonald was noted, effective February 7, 2023. Surge continues to position itself as a key player in the lithium market, vital for electric vehicle battery production.

Surge Battery Metals has announced promising geochemical results from a sampling program at its Nevada North Lithium Project, where 13 out of 50 samples showed lithium values exceeding 500 ppm, and five samples surpassed 1,000 ppm. This confirms lithium-bearing claystone presence 1,900 meters southeast of previous drilling. Overall, 257 samples indicated over 500 ppm lithium, with 129 exceeding 1,000 ppm. Recent drilling revealed significant lithium values up to 5950 ppm across a 1,620-meter strike, indicating potential for a world-class lithium deposit. The company plans to pursue further exploration based on these findings.

Surge Battery Metals Inc. (TSXV:NILI, OTC PINK:NILIF) has announced the acquisition of a 100% interest in 71 additional mineral claims, expanding its Nevada North Lithium Project to a total of 243 claims covering approximately 1,946 hectares. Recent drilling results indicated strong lithium values, reaching up to 5,950 ppm, suggesting potential for a significant lithium deposit in northern Nevada. The company plans further drilling in 2023 to explore the identified mineralization, which has a strike length of 1,620 meters and is believed to be open for additional development.

Surge Battery Metals announces notable assay results from the Nevada North Lithium Project. Borehole NN2207 achieved a significant lithium intersection of 120.4 meters averaging 3943 ppm, while NN2208 recorded a peak sample of 5950 ppm. The mineralization strike length has now reached 1,620 meters. The company plans a comprehensive drilling program for 2023 to further explore this promising lithium site. President Greg Reimer emphasizes the project's potential, highlighting its significance in an area not previously known for lithium resources.

Surge Battery Metals reported promising geological findings from drill holes NN2207 and NN2208 at its Nevada North Lithium Project. The NN2207 hole intercepted 114.3 meters of favorable claystone, significantly thicker than previous holes, while NN2208 cut 73.15 meters of similar claystone. Soil samples from the area previously returned lithium values up to 4,940 ppm. The company awaits final assay results to confirm the potential for a high tenor lithium clay deposit.

Surge Battery Metals has reported additional assay results from the Nevada North Lithium Project. The results confirm significant lithium clay content across multiple drill holes, particularly drill hole NN2201, which shows an average of 3,826 ppm lithium over 55 feet. Drill hole NN2206 revealed 1,590 ppm lithium over 20 feet. Overall, the project indicates a potential discovery of extensive lithium mineralization across over 500 meters of strike length. The company is actively exploring this lithium-rich area, positioning itself advantageous in the growing electric vehicle market.