Benchmark Analysis: $514B Investment in Lithium Needed According to a new analysis by Benchmark, the global battery industry needs to invest at least $514 billion by 2030 and $920 billion by 2035 to meet the expected demand for lithium-ion batteries, driven primarily by the growing electric vehicle market. Critical raw materials such as lithium and nickel account for a significant portion of the investment required.
Source: https://source.benchmarkminerals.com/article/financing-the-battery-arms-race-the-514-billion-cost-of-bridging-the-global-ev-supply-chain-divide
The Canadian mineral exploration company Surge Battery Metals Inc. (Ticker: NILI.v, or NILIF for US investors) is focusing on exploring lithium in Nevada and nickel in British Columbia to meet the demand for battery metals in the electric vehicle market.
The Nevada North Lithium Project, in which Surge holds a 100% interest, has shown promising results with recent drilling uncovering highly mineralized lithium-bearing clays.
Surge has expanded the project by staking and filing additional claims, bringing their total claim holdings to approximately 6,060 acres. The company plans to conduct soil geochemical surveys to identify further drilling targets.
More info here: https://surgebatterymetals.com/surge-battery-metals-increases-the-size-of-the-nevada-north-lithium-project/ Posted on behalf of Surge Battery Metals Inc.