Surge Battery Metals Inc. V.NILI

NILI hits $1 mark with 300% run!

[MarketMakerss]

Surge Battery Metals (NILI.v NILIF) is continuing its momentum, hitting the $1 mark with a 300% in the past 6 months, following the release of a Sprott & SCP Equity Research Coverage Report emphasizing a BUY rating and $2.30 target: https://bpd-space.nyc3.cdn.digitaloceanspaces.com/scp/230905-scp-nili-initiation.pdf

SCP's report highlights NILI's delineating of a rare high-grade lithium clay discovery in Nevada where drilling returned average grades ~3-4 times higher than peers.

Attracting equity investment from American Lithium (LI, US$485.12M Market Cap), the NILI Nevada North Lithium Project spans ~5,180 total hectares in Nevada, the world's best mining jurisdiction.

The 2022 maiden RC drilling returned world-class lithium grades averaging 52m at 3,437ppm with the highest being 5,120 ppm, representing a 91% and 69% increase from Ioneer (INR, US$326M Market Cap) and Lithium America's (LAC, $2.9B market cap).

Further demonstrating the substantial growth and discovery potential that NILI faces with its current drill program, one of the 8 holes previously drilled by NILI exceeded all of the 300+ holes drilled at LAC's Thacker Pass, the largest North American lithium project with 3.6Mt @ 3,160ppm P&P.

Amid the Phase 2 Drilling Program at Nevada North which has the potential to increase its resource target to 4-6Mt LCE, NILI intersected additional highly favourable clay horizons in all Phase 2 holes drilled. With more results upcoming and on track to release an MRE in November, followed by a PFS in the next 24 months, NILI has a range of upcoming catalysts with significant re-rate potential in the next 12 months.

For more information, check out NILI Chairman Graham Harris on BNN Bloomberg regarding the necessity for a North American lithium supply chain alongside the potential risks and rewards of developing a lithium project in Nevada: https://www.bnnbloomberg.ca/commodities/video/it-s-imperative-that-we-develop-a-north-american-lithium-supply-chain-surge-battery-metals-chairman~2756346

On a decade-long plan with significant long-term potential and goals, NILI is building its Nevada North Project based on a 10-30-year mine life. Given this, it's not the price of lithium today that matters, it's the price 20 years down the road which, with the incoming supply deficit, is expected to increase substantially.

Posted on behalf of Surge Battery Metals Inc.