NILI.v Expands Nevada North Lithium Project To meet the surging demand for lithium-ion batteries, which is primarily driven by the growing electric vehicle market, a recent analysis by Benchmark suggests that the global battery industry needs to invest a minimum of $514 billion by 2030 and $920 billion by 2035. More info here: https://source.benchmarkminerals.com/article/financing-the-battery-arms-race-the-514-billion-cost-of-bridging-the-global-ev-supply-chain-divide
In response to this demand, Surge Battery Metals Inc. (ticker: NILI.v or NILIF for US investors) strategically focuses on lithium exploration in Nevada and nickel exploration in British Columbia, positioning itself to cater to the increasing need for battery metals in the electric vehicle sector.
Currently, NILI is executing a drill program at its Nevada North Lithium project to further evaluate the size and characteristics of the lithium deposit, building upon the insights gained from the previous year's drilling efforts. The project, in which NILI holds a 100% interest, has exhibited promising results, with recent drilling revealing highly mineralized lithium-bearing clays.
Recognizing the project's potential, NILI has expanded the project by acquiring additional claims, resulting in a total claim area of approximately 6,060 acres. The company plans to conduct soil geochemical surveys to identify potential drilling targets and maximize the project's exploration prospects.
As Surge Battery Metals Inc. takes proactive measures to capitalize on the rising demand for battery metals, particularly in the electric vehicle industry, their lithium exploration in Nevada and nickel exploration in British Columbia place them in a favorable position to meet the evolving needs of the global battery market.
Learn more here: https://surgebatterymetals.com/surge-battery-metals-increases-the-size-of-the-nevada-north-lithium-project/ Posted on behalf of Surge Battery Metals Inc.