NILI.v additional drilling @ Nevada North approved The demand for EV batteries is expected to increase, exacerbating the persistent lithium supply gap, especially in North America. If you're seeking a North American battery metals company with high potential, Surge Battery Metals Inc. (tickers: NILI.v or NILIF for US investors) is worth considering.
Surge Battery Metals Inc. is a Canadian mineral exploration firm dedicated to exploring high-value battery metals for electric vehicles. The company has a stake in a nickel-iron alloy project in British Columbia and controls several lithium projects in Nevada, such as the North Lithium Project, the Galt Property, and the Teels Marsh Project.
Yesterday, NILI announced that it has received approval from the Nevada Bureau of Land Management to commence an additional drill program at its Nevada North Lithium Project. The company plans to drill seven new locations in mid-May 2023 to further delineate the high-grade lithium clay discovery it made in late 2022.
The new drill targets have been selected to expand the currently identified lithium deposit both to the west and north and to determine continuity between the most northerly and most southerly holes drilled in 2022. The first round of drilling in 2022 identified a strongly mineralized zone of lithium clay mineralization over a strike length of almost 1,620 meters.
NILI is cashed up from recent PP in anticipation of this drilling.
For more information on NILI's upcoming Nevada North Drill program click here: https://surgebatterymetals.com/approval-to-commence-an-additional-drill-program/
If you're interested in Surge Battery Metals Inc. (NILI.v NILIF) in general you can check out their deck here: https://surgebatterymetals.com/wp-content/uploads/2023/03/SurgeBatteryMetals_new-design2023_v4.2.pdf
Posted on behalf of Surge Battery Metals Inc.