Continuing to Build A Strong Management Team Battery metals have been a hot topic over the past few years as demand for both EVs and the resources required to manufacture the vehicles have grown exponentially. With this growth only representing a small portion of total vehicle sales and as companies scale their EV efforts, battery metals are expected to see demand grow exponentially over the next decade as government mandates begin to come into effect.
https://www.mining.com/supply-chain-problems-in-the-forecast-as-battery-metals-demand-surges-study/
Alongside this demand comes concerns over how the resources are mined which are why having companies that comply and surpass international mining standards. NILI is a company focused on the battery metal mining industry and has recently been developing its business with a few updates.
- This morning they added Iain Scarr as a Director. He worked for Rio-Tinto for 29 years, most recently being the Commercial Director and VP of Exploration where he was responsible for multiple mineral discoveries in North and South America and Africa, focusing on initial testing and commercialization activities. Additionally, he founded IMEX Consultants, an industrial minerals consultancy that operates across the entire value chain.
- Recently also added Graham Harris as a Director who has extensive experience with capital raises and acquisitions (worth hundreds of millions) alongside his management experience of junior exploration companies.
For those who aren't too familiar, NILI owns multiple properties in NA with a focus on three high-grade clay-bearing lithium in Nevada and the recently acquired nickel project in British Columbia. And following up on previous exploration, they have plans to drill seven new locations within an extensive surface geochemical in mid-May 2023 at their Nevada North lithium project.
With drilling expected to recommence and the management team gaining some extremely experienced members, the current $29M valuation could provide significant upside as they continue to develop their promising assets in the rapidly growing battery metal market.
Posted on behalf of Surge Battery Metals