What a commodities supercycle means for NILI Interested in a golden opportunity to capitalize on the rapidly growing electric vehicle and green energy markets as signs are showing that we're in the early stages of a commodities supercycle? Check out Surge Battery Metals (NILI.v NILIF).
With the lag between commodity price signals and changes in supply widening, a commodities supercycle is becoming more likely and the increasing demand for sustainable and efficient energy sources is driving lithium's value in the global economy.
Mineral demand for EVs and battery storage forecasted to become a major force, growing at least 30 times by 2040 and lithium demand is set to quickly outstrip supply, creating a significant market opportunity.
Surge Battery Metals (NILI.v NILIF) is strategically positioned to take advantage of this opportunity with a diverse portfolio of claims across BC and Nevada.
Notably, NILI is set to begin a drill program imminently at its Nevada North Lithium Project which consists of 243 mineral claims over 1,946 hectares.
Nevada North has significant lithium content ranging from 29.1 ppm to 5,120 ppm with previous assay results revealing that, of 508 drill samples obtained at 1.52m or 5ft intervals, 274 samples carried 1,000 ppm Li or greater.
NILI will be drilling 7 new locations at its Nevada North Lithium Project in mid-May 2023 within an extensive surface geochemical covering an area of about 1,700m east-west. The new targets were selected to expand the currently identified lithium deposit to the west and north, as well as to determine continuity between the 2022 holes drilled.
With enough capital to expedite and complete its 2H 2023 exploration programs, NILI is well positioned for growth going forward.
For more information, this NILI feature from Benzinga: https://www.benzinga.com/pressreleases/23/05/ab32309435/surge-battery-metals-strengthens-balance-sheet-and-executive-team-to-accelerate-ambitious-2h2023-
All signs point to the early stages of a new “commodity supercycle": https://aheadoftheherd.com/all-signs-point-to-the-early-stages-of-a-new-commodity-supercycle-richard-mills/
Posted on behalf of Surge Battery Metals Inc.