With The Inflation Reduction Act Passing, Battery Metal Explorer (NILIF) Needs Immediate Attention
Surge Battery Metals Inc: U.S. (NILIF) - Canada (NILI)
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: