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Nevada North’s Potential to Unlock a Significant U.S. Lithium Supply

Dave Jackson Dave Jackson, Stockhouse
5 Comments| April 8, 2022

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The truth is simple and clear – the planet is truly on the verge of turning the corner on the Electric Vehicle (EV) Revolution. And there’s no looking back in the rearview mirror. Fact. 20-plus countries have already mandated the phasing out of fossil fuel-driven vehicles over the next 10 to 30 years. Fact. EV sales rose over 40% in 2020 year-over-year, breaking all records to date. Fact. Battery demand is expected to increase by 15- fold by 2030. Fact. Due to skyrocketing global demand and increased industrial production capacities, lithium-ion (Li-ion) battery prices fell a jaw-dropping 88% since 2010, making EVs more and more affordable.

Enter an early-stage exploration company that is ready to meet the growing demand for green energy metals. Surge Battery Metals Inc. (NILI) (TSXV.NILI, OTC Pink: NILIF, Forum) is focused on battery metals that will advance the worldwide adoption of EVs to help create a cleaner world while building new industries. Surge is currently engaged in the acquisition, exploration, and development of battery metal targets, strategically targeting the EV market’s near-term & long-term demand to create shareholder value and opportunity.

Surge Battery Metals boasts multiple battery metals projects (lithium, copper, and nickel) in in prolific, historic, and world-class mining-friendly jurisdictions, but is currently focused on its Northern Nevada Lithium Project (NNLP), located in the Granite Range about 34 line-kilometers southeast of Jackpot Nevada. Surge also has seven prospective mineral claims known as Caledonia, Cascade, and Bluebell in Northern Vancouver Island, along with early-stage, non-contiguous mineral claims groups consisting Hard Nickel and Nickel 100 in Central BC. Two of the six mineral claims (HN4) encompass over 1,800 hectares immediately south of and adjacent to the Decar Project, and (N100) in covering 8,659 hectares.

In the News

On April 6, 2022 Surge Battery Metals announced additional soil geo-chem results from its 100% owned Nevada North Lithium Project in Elko County, Nevada. Results from this exploration work ranged from 29.1 to 5,120 ppm Li with a median value of 244 ppm Li. These outstanding results included 89 samples with 1,000 or more ppm Li. The zone of highly anomalous samples extends about 1,700 meters east-west in two bands about 300 to 400 meters wide. Previous work on the property had returned values to 1,500 ppm Li in stream sediment samples. The company reported that “anomalous samples appear to be in soils developed on airfall or water lain rhyolitic tuff overlain by welded ash flow tuff.” Surge says they plan additional detailed exploration as soon as ground conditions permit in April 2022.

Greg Reimer, Company President & CEO, commented:

Click to enlarge“To put these results in perspective, the overall reserve grade for the Thacker Pass Lithium deposit in Humboldt County, Nevada is 3,300 ppm Li with a resource cutoff grade of 2500 ppm, measured and indicated resource averages 2,231 with a 1,334 ppm cutoff. A preliminary feasibility study for the Cyprus Development Corp’s (TSXV: CYP) lithium deposit in Clayton Valley, Nevada lists the overall grade for measured and indicated resources at 1,073 ppm Li with a 900 ppm cut off”. Mr. Reimer continues: “When field conditions permit, plans are to initiate further soil sampling, covering the full property position, with samples on a 100-meter grid, geologic mapping, and detailed rock chip sampling to understand the geometry of the anomalous material so as to prioritize drill targets.”

And on March 2nd, Surge Battery Metals entered into a Property Option Agreement on 16 lithium mining claims in the Nevada San Emidio Desert. These lithium exploration claims, referred to as the “Galt Claim Group” adjoin the Company’s existing San Emidio Desert lithium claims. The joint venture transaction has been approved by the TSX Venture Exchange.

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Investors Corners

As the battery metals market continues to heat up, metals & mining investors should judiciously take notice of early-stage exploration opportunities that stand at the forefront of this space. As the trend toward electric vehicles continues to grow exponentially, vehicle makers are projecting aggressive growth targets for EV sales.

As shortages of the key raw materials for batteries as EV demand ‘surges’, Surge Battery Metals Inc. appears to be the kind of company that could help meet new battery metals demands in the not-too-distant future.

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FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.

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