NILI stock info & news (2nd tranche of financing closed) The persistent lithium supply gap in North America is expected to grow along with the demand from the U.S. EV battery sector. For those looking for a high-potential North American sourced battery metals company, consider Surge Battery Metals Inc. (tickers: NILI.v or NILIF for US investors).
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NILI.vis a Canadian mineral exploration company focused on exploring high-value battery metals for the electric vehicle market. It has an interest in a nickel-iron alloy project in British Columbia and controls several lithium projects in Nevada, including the North Lithium Project, the Galt Property, and the Teels Marsh Project.
NILI recently made a significant lithium clay discovery at its flagship project, Nevada North Lithium. The discovery exhibits high lithium values over an impressive area and multiple lithium clay intervals up to 50 meters thick. These findings indicate better soil values than what was observed in samples collected in 2021 and early summer 2022.
Planning is underway for additional exploration drilling to further delineate the high-grade deposit, and metallurgical and baseline environmental studies are planned for Q2. The company is focused on advancing the Nevada North Lithium Project quickly to build it into a long-term robust asset. For more information on these findings click here:https://surgebatterymetals.com/surge-battery-metals-provides-shareholder-update-3/
Today, NILI closed the second tranche of its non-brokered private placement financing, raising $408,082 from this tranche and $908,082 cumulatively to date. NILI expects to close additional tranches of the private placement by April 27, 2023. This funding means that NILI will be cashed up to explore Nevada North Lithium and its other projects.
If Surge Battery Metals Inc. (NILI.v NILIF) seems interesting to you, make sure to check out their investors' deck here for more information: https://surgebatterymetals.com/wp-content/uploads/2023/03/SurgeBatteryMetals_new-design2023_v4.2.pdf
Posted on behalf of Surge Battery Metals Inc.