Major Discovery? Huge News Just Dropped From The (NILIF) Camp Regarding Potential For A High-Grade Lithium Deposit
Surge Battery Metals Inc: U.S. (NILIF) - Canada (NILI)
The opening bell just popped off and there is only one question that needs to be asked right now. Have you seen the news?
This morning the company dropped this bombshell press release:
Surge Battery Metals Confirms High Grade Lithium Discovery in First Drill Hole at Nevada North Project
VANCOUVER, BC / ACCESSWIRE / October 19, 2022 / Surge Battery Metals Inc. (the "Company" or "Surge") (TSXV:NILI)(OTC PINK:NILIF)(FRA:DJ5C) is pleased to report that the first hole of an eight-hole reverse circulation drill program has confirmed the potential for a high-grade lithium deposit existing at the Nevada North Lithium Project located north of Wells, Nevada.
Mr. Greg Reimer, Company President & CEO states: "The initial drill sample results have confirmed that highly anomalous lithium values persist to depth in the silty clay unit that appears to underlie the better soil values observed in samples collected last year and earlier this summer.
Our maiden drilling program has identified significant potential for a lithium deposit in an area of northern Nevada not previously recognized for its lithium potential. We look forward to seeing the completed assay results from the eight-hole program as they are received over the next few weeks. The Company plans to continue work at this exciting new discovery in the months ahead and we are well financed to do so."
Read the full article here.
Wow. This could be game-changing for the company.
With the global need for "Green Metals" to help push the booming EV revolution forward, a major find could lead to Wall Street taking serious notice of this under-the-radar company.
If you haven't yet, take a moment to read my initial NILIF report below right now.
As the world gradually transitions to Electric Vehicles (EVs), demand for so-called “Green Metals” used in the production of batteries is soaring even faster.
Minerals like Copper, Nickel, and Lithium are integral to the process of battery construction, so demand is skyrocketing as more major automakers begin to produce their own EVs.
U.S. EV Registrations surged 60% in Q1, driven by Tesla, Ford, and new Korean models.(1)
Here's the point: this isn’t just a fad. EVs are here to stay…
Tesla, for example, is expecting to produce a staggering 20 million EVs by 2035.(2)
Other automakers plan to launch a record 100 different pure Battery EVs by 2024.(2)
The U.S. government has even mandated 100% zero-emission vehicles by 2035.(3)
That means the transition to electric vehicles is now a matter of “when,” not “if.”
And as this transition begins to accelerate, access to Green Metals will most likely become a potential bottleneck that could drive prices even higher than anticipated.
Combining a large portfolio of claims across the richest regions of Canada and Nevada, one exploration company is focused on locating & developing high value deposits of clean energy battery metals that are vital to the rapidly growing EV market.
For Wednesday, October 19th, there is only one profile to have at the top of your watch-list:
Surge Battery Metals Inc. (NILIF)
Based on 6 key factors, Surge could become the market’s “Best-In-Class” battery metal explorer.
Here's what to know:
#1. The Inflation Reduction Act focuses on Battery Metal Exploration in North America to reduce U.S. dependence on foreign sources.(4)
#2. The demand for battery metals is expected to soar.(5)
#3. Surge Battery Metal’s well-positioned and impressive exploration portfolio has two promising projects across two of the world’s friendliest mining jurisdictions.(6)
#4. Surge Battery Metals has begun drilling on its Nevada North Lithium property, which has already yielded significant soil sample results with lithium values of up to 5,120 ppm (0.51%).(7)
#5. The Company’s nickel exploration project’s most recent soil samples returned results of up to 2,361ppm (0.26%).(8)
#6. The Company is well-capitalized, fully-funded for 2022 exploration with $2.2Mn in working capital.(9)
Just as impressive as the company’s aggressively de-risked portfolio and their stake in some of the world’s friendliest mining jurisdictions are the people behind the scenes making it all happen.
President and CEO Greg Reimer was a former Executive Vice-President (EVP) of BC Hydro’s Transmission & Distribution (T&D) business group, who held the EVP position from June 2010 until 2017.
For those on the American side of the border, BC Hydro is Canada’s third-largest electric utility, with over $5.7Bn in annual revenues from 32 hydroelectric facilities.(10)
Recently, Reimer sat down to discuss the company with Simon Druker of the The Market Herald: