NILI CEO on Benzinga discussing upcoming plans Is your portfolio prepared and diversified to take advantage of the full impact of the incoming commodities super cycle? Looking for another opportunity in the rapidly growing electric vehicle and green energy market? Check out Surge Battery Metals (NILI.v NILIF).
The lag between commodity price signals and changes in supply is widening, putting the world on a path directly headed to commodities super cycle with the increasing demand for sustainable and efficient energy sources driving lithium's value in the global economy.
The demand for EV and battery storage minerals is forecasted to become a major force growing at least 30 times by 2040 and lithium demand is set to quickly outstrip supply.
This has created a significant market opportunity that Surge Battery Metals (NILI.v NILIF) is strategically positioned to take advantage of with its diverse portfolio of claims across BC and Nevada.
Notably, Nevada holds the top-ranked jurisdiction worldwide for mining investment according to the Fraser Institute's annual report which ranks 62 jurisdictions worldwide based on geological attractiveness with minerals and metals and government policies encouraging or discouraging both exploration and investment, including permit times.
Here's an informative interview from Benzinga with NILI President and CEO Greg Reimer discussing the upcoming plans at their flagship project:
https://www.youtube.com/watch?v=eHGmrAHMuqo&ab_channel=BenzingaPartnerStudio
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 and has retained McGinley & Associates to provide Hydrologic Services for the project!
Located in the Thousand Springs Valley Hydrographic Basin in Elko County, Nevada, the project is a lithium bearing claystone deposit with significant lithium content ranging from 29.1 ppm to 5,120 ppm, including 274 samples of 508 carrying 1,000 ppm Li or greater.
The project is in the exploration phase with planning and permitting activities on-going for the next phase of exploration drilling, followed by the development of an exploration Plan of Operation and other permitting.
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, check out this NILI feature from Benzinga as well: https://www.benzinga.com/pressreleases/23/05/ab32309435/surge-battery-metals-strengthens-balance-sheet-and-executive-team-to-accelerate-ambitious-2h2023-
Fraser Institute Annual Mining Report: https://www.kitco.com/news/2023-05-04/The-top-ranked-mining-jurisdiction-in-the-world-is-still-Nevada-Fraser-Institute.html?utm_source=linkedin&utm_medium=social&utm_campaign=brc:-other&utm_content=ap_ac9on4xp97
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.