Surge Battery Metals Inc. V.NILI

Multiple high-value zones from Nevada North

[MarketMakerss]

Having recently hit 52-week highs amid a 525% run in the past 6 months, Surge Battery Metals (NILI.v NILIF) has emerged as a high-potential lithium opportunity having recently returned multiple high-value zones from its Nevada North Lithium Project.

Spanning ~5,180 total hectares with lithium grades averaging ~3-4 times higher than its peers, Nevada North is a rare, high-grade lithium clay discovery with world-class lithium grades. Notably, the latest results returned multiple high-value zones which ranged from 1,000ppm to 8070ppm lithium within 4 horizons from the first certified analytical results for the summer 2023 drilling program: 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/

8070ppm lithium was the stand-out highlight from these results, with an overall average grade of 4,067ppm Li and an overall composite grade of 4,939 ppm Li. This represents a 28% increase in weighted average composite grades compared to NILI's 2022 drill program.

Furthermore, comparing these results to NILI's 2022 drill program further demonstrates how remarkable these results are as, one of the 8 holes drilled in 2022 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 Chairman and Director Graham Harris discusses in this latest interview, these are some of the highest-grade lithium results ever discovered in Nevada, emphasizing the significance of the structure drilled: https://www.youtube.com/watch?v=yTzY0zhBL7E&ab_channel=SurgeBatteryMetals

As NILI focuses on advancing its Phase 2 program at Nevada North, Harris said to expect a range of catalysts this fall as assay results are returned from sonic drilling, ahead of the MRE in November. With the potential to increase its resource target to 4-6Mt LCE, NILI is on track for significant re-rating potential in the next 12 months as they near the 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.