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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

Post by deepoil0808on Nov 12, 2024 12:55pm
155 Views
Post# 36308536

Prospects of an Evolution Mining deal

Prospects of an Evolution Mining dealThe Mineral Resource Report highlights that NILI can operate at a profit even at prices of $ 5,000 per ton lCE.   There are no companies that can do this.

There is a reason why NILI is stressing this point, it is because they are in negotitations with Evolution Mining, first to show that they can get 25% more grade and then that mine can operate at a profit with prices hovering at $5,000 per ton LCE.

Evolution Mining has a decision to make during this blackout period:

(a)  Either proceed via a buyout

or,

(b)  Partnership deal like GM did with LAC


Evolution Mining has 6 mining projects and is a billion dollar corporation flush with cash.   They do not appear to be a company that wants to work with a partner, but would rather do it themselves.

Buyout at  these prices would seem to be the most logicial step for them.   I would definitely proceed with that option.

On the other hand, say that Evolution Mining does not want to do the project themselves, then they can use their share of the private property to give it to NILI (75% part) + financing $ 30 million for a piece of the total overall pie of the project (ie:   75%  to 25% or, 70% to 30%).

We will know soon enough, no ladybugs today.

Good Luck, 


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