Successful Results From Metallurgical Lithium Test Work As companies like Tesla begin to aggressively slash prices, more consumers are being incentivized to make the transition toward an EV. And with EVs continuing to take market share away from gas engines, the demand for lithium is only going to continue to increase. For example, Volkswagen recently posted a 42% increase in YOY EV sales which now accounts for 7% of total vehicle deliveries for the company, and this is on top of future expectations of demand as they currently have 3 new large-scale battery plants already under the works.
https://amp.cnn.com/cnn/2023/05/04/cars/volkswagen-electric-vehicle-sales-china/index.html
As the demand for battery resources only continues to increase, $NILI.V is aiming to capitalize on the growth with projects across the US and Canada. More recently, they reported successful results from metallurgical test work at the Nevada North project.
- The results have helped the company understand the type of lithium-bearing clays from the first drilling program, and the successful leaching has shown the lithium content in the samples.
- Once weather and ground conditions permit, they’re going to commence another drilling program at the project, which should be interesting as they’re starting to gain a deeper understanding of the property’s geology.
https://finance.yahoo.com/news/surge-battery-metals-reports-successful-113000373.html
Nevada North has already posted some of the highest lithium results in Nevada, reaching up to 5,120 ppm and with drilling already confirming the presence of an extensive lithium-bearing clay deposit open to extension, there’s a ton of potential as they continue exploration on the property. Considering the potential and $26M valuation, it’s definitely worth it. Keep an eye out here.
Posted on behalf of Surge Battery Metals.