Surge Battery Metals Inc. V.NILI

"Making Sure China Doesn't Become OPEC of Lithium"

[MarketMakerss]

Providing insightful information on the lithium market, Surge Battery Metals (NILI.v NILIF) Chairman and Director Graham Harris recently went on CNBC to discuss how America can "Make Sure China Doesn't Become OPEC of Lithium" and the need to make a North American lithium supply chain: https://www.youtube.com/watch?v=30vzMSBGgFw&ab_channel=vorticominc

Committed to supporting the green energy revolution by developing lithium projects, NILI is a pure-play lithium company focused on its Nevada North Lithium Project, a high-grade lithium clay discovery boasting world-class lithium grade averaging ~3-4 times higher than its peers which spans ~5,180 hectares.

Having previously released the second certified assay results which returned values ranging from 1,000ppm to 5820ppm lithium with the composite grade of clay horizons 15% higher than averages intersected in 2022, NILI is currently undergoing a follow-up drill program to extend the known lithium-rich clay zone.

These results represent some of the highest lithium grades ever discovered in Nevada, with the highest grade zone beginning at 67.5ft below surface and extending 180ft, with an overall composite grade of 3,985.

Notably, the first assay results from NILI's summer drill program additionally returned multiple high-value zones 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, this represents a 28% increase in weighted average composite grades compared to NILI's 2022 drill program.

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, 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.

Refer to Haywood's Report titles "Site Visit: Surge on the Verge' of Maiden MRE" for an in-depth look into Nevada North: https://clients.haywood.com/uploadfiles/secured_reports/NILISept252023.pdf?inf_contact_key=b04712fe32d76ec8c333dcbc4e0019e5680f8914173f9191b1c0223e68310bb1

Posted on behalf of Surge Battery Metals Inc.