Surge Battery Metals Inc. V.NILI

NILI's Potential to Follow in LAC's Footsteps

[MarketMakerss]

As junior mining companies are entering the lithium market with competing new ventures, Nevada has emerged as a lithium hotspot and focal point, hosting three of this year's top lithium projects, including Lithium Americas' Thacker Pass: https://www.mining.com/featured-article/ranked-worlds-largest-clay-and-hard-rock-lithium-projects-2/

With 19mt LCE and a $650 million investment from General Motors, Thacker Pass has made significant strides in becoming a leading project, however, Surge Battery Metals (NILI.v NILIF) has emerged as a highly prospective opportunity in with the potential to surpass the project.

Gaining substantial momentum in the market, NILI has maintained a 100% BUY rating on BarChart for the past month, accompanied by a significant upward trend of over 115% 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.

Significantly, the remarkable potential lies in 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.

Upon 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.

Recently, NILI has attracted major coverage releases 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 said: "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.