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Surge Battery Metals Inc. V.NILI

Alternate Symbol(s):  NILIF

Surge Battery Metals Inc. is a Canadian-based company. The Company’s Nevada North Lithium Project flagship property is dedicated to exploring clean high-grade lithium energy metals in Nevada USA - essential for powering tomorrow's electric vehicles. The Company’s management team boasts a strong track record of delivering significant shareholder value. The Company is led by a board and management team with seasoned lithium experts, who previously played pivotal roles in the successful Millennial Lithium venture (sold to Lithium Americas for US$491 million).


TSXV:NILI - Post by User

Comment by Loughatorickon Nov 12, 2024 1:45am
128 Views
Post# 36307677

RE:Page 88 of MRE Report hints at deal with EVOLUTION MINING

RE:Page 88 of MRE Report hints at deal with EVOLUTION MINING

Hi Deepoil, 

The 50% lands noted in Table 26-1 refer to M3 claims on public land. Please refer to Figure 26-1.
Surge expects to spend $ 100,000 on soil surveys and recover $ 35,000 from M3.

Evolution will pay approximately $ 1,400,000 for work done on the private lands. Presumably, Evolution is paying 75 % of the drilling, hydrological modeling and metallurgical costs being performed on the private lands.

At least, that's my take after reading the MRE Technical Report.

Although there may many suitors knocking at Surge's door,
I don't see anything in this report that would indicate that a buy-out
is imminent. If nothing else, in the next few weeks I expect to hear of a
closer relationship between Evolution and Surge.






 

 

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