NILI Stock Growth as it Signs Work Contracts for Li Project The increasing momentum towards electrification signals a strong and consistent rise in the demand for battery metals in the coming years. Surge Battery Metals Inc. (ticker: NILI.v or NILIF for US investors), a junior company focused on battery metals, witnessed significant growth today, with a closing increase of over 10% on the TSXV. This surge propelled the stock's value up by 37% over the course of the week. Notably, NILI's trading volume remains strong with 1.3 Million units traded today (3.5x NILI's average).
These gains come after NILI's announcements of contracts with other companies to conduct work at its Nevada North Lithium Project.
The Nevada North Lithium Project spans 243 mineral claims in the Granite Range area. NILI intends to conduct a 7-hole drill program on the expansive 4,785-acre site. The primary objective of this program is to further explore and assess the high-grade lithium clay discovery made at the project site in the previous year.
On Tuesday, NILI shared that it has engaged McGinley & Associates Inc. to deliver hydrologic services for Nevada North. McGinley will provide support in data collection, water source identification, water supply analysis, and baseline monitoring.
In addition, NILI recently partnered with NewFields Companies LLC, an environmental consulting firm. NewFields will be responsible for collecting baseline data, formulating an Exploration Plan of Operations (EPO), developing a Reclamation Plan, and initiating the permitting process for the Nevada North Lithium Project.
The engagement of McGinley & Associates and NewFields represents significant progress in NILI's efforts to advance Nevada North. These work contracts demonstrate the company's active commitment to unlocking the project's full potential.
Learn more about these developments here: https://surgebatterymetals.com/news/ Posted on behalf of Surge Battery Metals.