Surge Battery Metals Inc. V.NILI

430% gains in the past 6 months

[MarketMakerss]

Now up over 430% in the past 6 months, Surge Battery Metals (NILI.v NILIF) has released its highest grade lithium assays to date with up to 8070ppm lithium in the first 2023 hole at its Nevada North Lithium Project: https://surgebatterymetals.com/surge-announces-highest-grade-lithium-assays-to-date-with-up-to-8070-ppm-lithium-in-the-first-2023-hole-at-nevada-north-lithium-project/

With world-class lithium grades averaging ~3-4 times higher than its peers, Nevada North is a rare, high-grade lithium clay discovery spanning ~5,180 total hectares.

The first certified analytical results for the summer 2023 drilling program at Nevada North returned multiple zones of high values ranging from 1,000ppm to 8070ppm lithium within 4 horizons.

With an overall average grade of 4,067ppm Li and an overall composite grade of 4,939 ppm Li, the stand-out highlight revealed up to 8070ppm lithium. Notably, this represents a 28% increase in weighted average composite grades compared to NILI's 2022 drill program.

Mr. Greg Reimer, Chief Executive Officer, and Director commented,

"With lithium values up to 8070 ppm we are excited with the results from our first drill hole of the 2023 season. These results confirm and improve on results from our initial 2022 reverse circulation drilling campaign. We plan on expanding on the NN2301 results with further diamond drilling and look forward to receiving and reporting these results and additional holes in the coming weeks as we complete this summer's drilling campaign."

Highlighting the substantial growth potential and discovery prospects NILI has, one of the 8 holes previously drilled by NILI outperformed all of the 300+ holes drilled at LAC's Thacker Pass, the largest North American lithium project with 3.6Mt @ 3,160ppm P&P.

As NILI advances its Phase 2 program at Nevada North which has the potential to increase its resource target to 4-6Mt LCE, a range of upcoming catalysts are expected with a significant re-rate potential in the next 12 months as more results are released ahead of the MRE expected in November, followed by a PFS in the next 24 months.

For more information, refer to Sprott's SCP Equity Research Coverage Report emphasizing a BUY rating and $2.30 target for NILI (Calculated prior to these latest drill results): https://bpd-space.nyc3.cdn.digitaloceanspaces.com/scp/230905-scp-nili-initiation.pdf

Posted on behalf of Surge Battery Metals Inc.