Surge Battery Metals Inc. V.NILI

Nevada Hosts Top Two Lithium Projects in the World

[MarketMakerss]

Junior miners are piling into the lithium market with competing new projects and Nevada is the emerging hotspot, host to three of this year's top lithium projects, Jindalee's McDermitt Property, Lithium Americas' Thacker Pass and Nevada Lithium's Bonnie Claire: https://www.mining.com/featured-article/ranked-worlds-largest-clay-and-hard-rock-lithium-projects-2/

One company that has emerged as a highly prospective opportunity in with the potential to surpass LAC's Thacker Pass is Surge Battery Metals (NILI.v NILIF).

Gaining significant traction in the market, NILI has sustained a 100% BUY rating on BarChart for the past month alongside a significant upward trend of over 140% in the past 6 months.

NILI's Nevada North Project encompasses ~5,180 total hectares and boasts significant lithium content ranging from 29.1 ppm to 5,120 ppm, including 274 samples of 508 carrying 1,000 ppm Li or greater.

Notably, the significant potential here emerges from the lithium content at Nevada North. Nevada North is comparable to and has the potential to exceed to LAC's Thacker Pass, the largest North American lithium project with 3.6Mt @ 3,160ppm P&P.

As seen when comparing drill holes, of the 8 holes that have been drilled by NILI so far, one already exceeds the over 300 holes that have been drilled at Thacker Pass by both length and grade.

NILI has attracted major coverage releases recently having emerged as a stand-out opportunity due to its lithium grade 2-3 times higher than its peers:

Fundamental Research Corp reiterated NILI's BUY rating with a "Fair Value" price of $1.19 - what the corporation believes NILI should be worth at this time, without including the potentially world-class catalysts that are upcoming. (Source: https://twitter.com/AllStreetsWolf/status/1687479703123193857?s=20)

A Sprott Analyst emphasizing 20x to 80x potential for NILI following a site visit to NILI's Nevada North Lithium Project saying: "The stock is trading at US$10/t LCE in-situ pre-resource vs reserve peers at US$200-800/t (LAC, Ioneer, American Li), a gap that we think closes fast on very few drill holes"

Posted on behalf of Surge Battery Metals Inc.