RE:Webinarhttps://www.youtube.com/watch?v=4mn6jCYT9_w
The webinar was informative, but mostly fleshed out the Maiden Resource Estimate with graphs and maps.
What I found of most interest was reference to:
(a) discussions with US DoE (loans only for infrastructure above ground) so nothing to apply for now,
(b) discusioons with US DoD (future loans could be applied for, but DoD did not have funding from budget),
(c) Surge had remediated the 5 acre disturbance drilling area, but BLM hd not yet verified remiation wirk due to potential problems accessing the area (snow and muddy roads). Sounded that Surge was confident that remediation work was properly performed;
(d) Surge seemed to think that they could do in-fill drilling on the 5 acre parcel once BLM had OK'd remidiation work;
(e) BLM had still not approved Surge's request to extend the disturbance area to 250 acres. Without this approval, Surge drilling options are limited. BLM approval expected in fall of 2024 and that much drilling would be performed in 2025. PEA would also be issued in 2025.
(f) Surge is having a problem accessing the private lands. The land is used by ranchers to pasture cattle. There are also issues with Evolution Mining (holder of 75 % of subsurface rights). Surge is in discussions with these parties in order to resolve these problems.
(g) funds would need to be raised for 2025 operations. There were several options being explored as to how the raise these funds;
(h) the MET work would not be finished before end of March but would be completed and disclosed soon.
The most interesting parts to the webinar are found in the last third of the video.