StockWireNews

With The Inflation Reduction Act Passing, Battery Metal Explorer (NILIF) Needs Immediate Attention

Surge Battery Metals Inc: U.S. (NILIF) - Canada (NILI)

October 18th

Greetings Readers,

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:

In the interview, Reimer breaks down positive news coming from a drilling program in Nevada that could become game-changing for the company moving forward.

This comes on the heels of a recent press release about the Nevada North Lithium Project where Reimer stated:(11)

"Work to date indicates a large area of anomalous to highly anomalous lithium values in surface soils. Our team is encouraged by the large size of the anomalous area as well as the tenor of the lithium values found to date. The Company has been approved by the BLM for a 15-hole drill program. We hope to announce details on this in the very near future. As previously reported our plan is to continue work at this new discovery throughout the fall months and we are well financed to do so."

-----

Nevada North Lithium Project

The Nevada North Project includes 154 mineral claims that now covers about 794 Ha (1,926 acres, 7.84 sq km).(12)

The sampling returned lithium values that run as high as 5,120 ppm (0.51%) lithium and included eighty-nine samples with 1,000 (0.1%) or more ppm lithium. The zone of highly anomalous samples extends about 1,700 meters east-west in two bands about 300 to 400 meters wide. Drilling is currently underway.

Mr. Greg Reimer, Company President & CEO states: “To put these results in perspective, the overall reserve grade for the Thacker Pass Lithium deposit in Humboldt County, Nevada is 3,300 ppm Li with a resource cutoff grade of 2500 ppm, measured and indicated resource averages 2,231 with a 1,334 ppm cutoff. A preliminary feasibility study for the Cyprus Development Corp’s (TSXV: CYP) lithium deposit in Clayton Valley, Nevada lists the overall grade for measured and indicated resources at 1,073 ppm Li with a 900 ppm cut off.

Mr. Reimer continued: “When field conditions permit, plans are to initiate further soil sampling, covering the full property position, with samples on a 100 meter grid, geologic mapping, and detailed rock chip sampling to understand the geometry of the anomalous material so as to prioritize drill targets.”

(Nevada North Lithium Project- Lithium anomaly map from surface sampling)

-----

British Columbia Nickel Projects

Nickel North Project

(Nevada North Lithium Project- Lithium anomaly map from surface sampling)

Surge Battery Metals’ nickel project in British Columbia includes six mineral claims in the Mount Sidney Williams area of north central BC. Claim HN4 covers 1863 hectares immediately south of and adjacent to the Decar Project of FPX Minerals Inc and the nearby N100 claim group which covers 8659 hectares, located not far to the northeast.

The Company has entered into an Option Agreement with Nickel Rock Resources to acquire an 80% interest in these mineral claims of which HN 4 covers 1863 hectares immediately south of and adjacent to the Decar Nickel Project of FPX Minerals Inc and the Nickel 100 Group covers 8659 hectares, located some distance to the northeast. Three of the claims are subject to 2% NSR, including the Hard Nickel 4 claim and the two southernmost claims of the Nickel 100 claims.

Phase One surveys have confirmed the widespread nature of nickel mineralization on the properties and Phase Two follow-up is expected to be completed in the fall of 2022.These exploration stage projects are in the Trembleur Lake area of central British Columbia, partially adjacent to FPX Nickel Corp.’s Decar Nickel Project, which is an advanced project targeting awaruite, a nickel-iron alloy mineral, hosted by serpentinized ultramafic intrusive rocks of the Trembleur Ultramafic Unit.

The Surge properties are partially underlain by rocks like those hosting the Decar project of FPX Nickel Inc where mineralization includes nickel, cobalt, and chromium. Previous exploration suggests that at least some of the nickel mineralization occurs as awaruite which is a naturally occurring nickel-iron alloy important in the manufacture of environmentally efficient batteries for the electric vehicle markets globally. The mineral awaruite is both highly magnetic and very dense and is therefore amenable to concentration by mechanical processes including magnetic and gravity separation. This style of deposit is unique and presents considerable metallurgical and processing cost saving advantages.

A September 7, 2022, FPX News Release stated: FPX Nickel Scoping Study Outlines Development of World’s Largest Integrated Nickel Sulphate Operation for EV Battery Supply Chain at Baptiste Project in British Columbia.

Mining and exploration can be an extremely difficult, cost-intensive, and unpredictable business.

New mines can cost a fortune to discover and develop. They can take years and require support & help from host governments. And even after all that investment, fluctuations in metal prices can still wreak havoc on operations.

With these two projects, and the hundreds of claims contained within, Surge Battery Metals has a nearly unrivaled level of flexibility and freedom when it comes to both exploration and subsequent mining.

Depending on prevailing market conditions and early exploration results, the company could prioritize individual sites, then use the windfall to fund further development in other metals.

This level of freedom would also allow the company to potentially spin off successful mining projects for acquisition, in turn funding future development and mining.

All of this is in stark contrast to the state of many micro-cap mining & exploration companies, which are often just connected to a single property or jurisdiction that may (or may not) ever pay out.

-----

NILIF Recap - 6 Key Factors Could Help Surge 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)

-----

Coverage is officially initiated on NILIF. When time permits, do this:

Get NILIF on your radar now.

Sincerely,

Kai Parker

StockWireNews

Source 1
Source 2
Source 3
Source 4
Source 5
Source 6
Source 7
Source 8
Source 9
Source 10
Source 11
Source 12

(Always Remember The Stock Prices Could Be Significantly Lower Now From The Dates I Provided.)