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Surge Battery Metals Inc. V.NILI

Alternate Symbol(s):  NILIF

Surge Battery Metals Inc. is a Canadian-based company. The Company’s Nevada North Lithium Project flagship property is dedicated to exploring clean high-grade lithium energy metals in Nevada USA - essential for powering tomorrow's electric vehicles. The Company’s management team boasts a strong track record of delivering significant shareholder value. The Company is led by a board and management team with seasoned lithium experts, who previously played pivotal roles in the successful Millennial Lithium venture (sold to Lithium Americas for US$491 million).


TSXV:NILI - Post by User

Post by Justdosomeddon May 03, 2023 2:34pm
109 Views
Post# 35428119

Lithium Price Outlook Improving

Lithium Price Outlook Improving
As EVs continue to see rising adoption among consumers, the lithium market is also expected to see a supply shortfall as demand is expected to grow at a 20% CAGR over the next decade. And despite the recent price performance of lithium, companies are still seeing the near-term upside. For example, the lithium producer Livent just posted a significant earnings beat and also updated guidance with a bullish outlook on lithium prices. And with North American governments pushing for more domestic lithium and EV production, there’s a lot more potential for NA-based companies relative to international counterparts.
 
https://www.reuters.com/markets/commodities/livent-quarterly-profit-jumps-rising-lithium-prices-2023-05-02/
 
Taking advantage of the North American battery growth, NILI has 3 Nevada lithium projects and a Canadian nickel project located in British Columbia.
 
- The Nevada North project has already discovered some of the highest lithium grades in Nevada of up to 5,120 ppm Li in addition to an extensive lithium deposit.
 
- San Emidio spans 640 acres and shares geological similarities to Clayton Valley, where America’s only producing lithium mine is located. A recently completed sediment sampling showed up to 852 ppm with 2 7-foot drilling holes returning up to 773 ppm.
 
- Teels Marsh West is the earliest-stage property out of the Nevada holdings, though it has solid infrastructure access spanning 2,000 acres. With the property adjacent to DJI.V’s high-potential Teels Marsh project, exploration should be interesting as they continue to plan it out.
 
- The nickel project spans 8,660 hectares, and NILI has recently acquired 100% ownership in the company. As it’s in close proximity to FPX’s Baptiste deposit at Decar, which has recently been confirmed as one of the world’s most robust large-scale nickel projects, we should see some interesting results here.
 
Overall, NILI has multiple promising projects in addition to a strong management team. They recently added 2 new members to the board as they look to continue pursuing exploration and building the assets. Considering the current $25.6M valuation, there’s definitely a lot to look out for going into the future.
 
Check out this great DD video that goes in-depth into the company: https://youtu.be/UdpJKC8aVxM
 
Posted on behalf of Surge Battery Metals Inc.
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