North American Miners in Focus as U.S. Passes Inflation Reduction Act Placing a Big Bet on Battery Metals…

One company that could be well positioned for this unparalleled opportunity is Surge Battery Metals Inc. (OTC: NILIF) (TSXV:NILI)

6 Key Factors That Make Surge Battery Metals.... The Market’s “Best-in-Class” Battery Metal Explorer

The Inflation Reduction Act focuses on Battery Metal Exploration in North America to reduce U.S. dependence on foreign sources. (16)

The demand for battery metals is expected to soar. (20)

Surge Battery Metal’s well-positioned and impressive exploration portfolio has four promising projects across two of the world’s friendliest mining jurisdictions. (21)

Surge Battery Metals has begun drilling on its Nevada North Lithium property, which has already yielded significant soil sample results with lithium values of up to 5,120 ppm (0.51%). (17)

The Company’s nickel exploration project’s most recent soil samples returned results of up to 2,361ppm (0.26%). (18)

The Company is well-capitalized, fully-funded for 2022 exploration with $2.2 Million in working capital. (19)

EV Battery Metals Market Impact:

Click HERE To Read The Research Report On Surge Battery Metals From Wall Street’s Network1Financial

So with that in mind let’s take a deeper look and find out exactly what Surge Battery Metals has to offer …

Meeting Insatiable Demand For EVs And Clean Power

As the world gradually transitions to Electric Vehicles (EVs), demand for so-called “Green Metals” used in the production of batteries is soaring even faster. 

Minerals like Copper, Nickel, and Lithium are integral to the process of battery construction, so demand is skyrocketing as more major automakers begin to produce their own EVs.

Even Bloomberg is noticing the lithium trend as battery metal extends 400% gain. “(Lithium) producers can reap huge profits amid warnings of deep deficits.” (13)

U.S. EV Registrations surge 60% in Q1, driven by Tesla, Ford, new Korean models.
And remember; this isn’t just a fad. Electric Vehicles are here to stay …

Tesla, for example, is expecting to produce a staggering 20 million EVs by 20305 Other automakers plan to launch a record 100 different pure Battery Electric Vehicles by 2024. (6)

The US government has even mandated 100% zero-emission vehicles by 2035. (7)

That means the transition to electric vehicles is now a matter of “when,” not “if.” And as this transition begins to accelerate, access to Green Metals is prime to become a potential bottleneck that could drive prices even higher than anticipated.

In addition, U.S. President Joseph Biden has recently introduced the Inflation Reduction Act, which actively encourages electric vehicle manufacturers to expand production and sourcing in North America, one of the requirements being “The components used in EV batteries must not have been ‘extracted processed, or recycled by a foreign entity of concern’ which includes China and Russia”. Furthermore, by 2029, 100% of battery manufacturing must take place in North America. (24)

Two driving forces behind the goal of this legislation is to accelerate building our domestic and/or friendly support of critical minerals such as lithium and nickel, and to break China’s stranglehold on the supply chain of those critical minerals. The bill will funnel hundreds of billions of dollars into clean energy while accelerating America’s transition away from fossil fuels, including making EVs more affordable. (25)

In The Realm Of Mining & Exploration Stocks, Surge Battery Metals Inc. Shows Remarkable Potential

Combining an absolutely huge portfolio of claims across the richest regions of Canada and Nevada, they’ve effectively de-risked through diversification at a level that most competitors can’t match.

To manage that portfolio, they’ve assembled a team that begs belief—including Greg Reimer, former VP of Canada’s massive BC Hydro, and Strategic Advisor Chip Richardson, a lifelong banker with experience working with everyone from UBS to Morgan Stanley.8

And to back all that up, the company has a debt-free balance sheet with $2.6 million in liquid capital; fully funding their planned exploration for the next year, and locking in enough runway for roughly another year after that.

Put simply; this company is offering potentially blue-chip value at penny stock prices.

Surge Battery Metals Inc. (OTCMKTS: NILIF, TSX: NILI) is one of the only metal exploration companies on the TSX with resources in lithium and nickel. (1)
The company’s holdings include four primary areas across two jurisdictions, British Columbia in Canada, and Nevada in the United States. Both jurisdictions are among the most favorable in the world for exploration and mining thanks to sophisticated infrastructure, friendly regulations, and a wealth of local talent that makes it easy to find geologists and needed personnel.

According to an assessment from major Wall Street firm Network1Financial:

The Canadian properties are at an early stage of exploration. Canada is one of the largest regions in the race to develop efficient and productive EV battery metals. There are considerable investment opportunities in British Columbia mineral targets. Many skilled metal exploration specialists and technical batteries specialists are based in the country creating an industry foundation that is developing an exhaustive and sustainable supply chain.(1)

Meanwhile, in Nevada, the company’s holdings include three projects: Nevada North Lithium Project, the San Emidio Desert Galt Project, and the Teel’s Marsh West Project.

NEVADA NORTH LITHIUM PROJECT

 

The Nevada North Project includes 154 mineral claims that now covers about 794 Ha (1,926 acres, 7.84 sq km).

Preliminary sampling returned lithium values that run as high as 5,120 ppm (0.51%) lithium and included eighty-nine samples with 1,000 (0.1%) or more ppm lithium. The zone of highly anomalous samples extends about 1,700 meters east-west in two bands about 300 to 400 meters wide. Drilling is currently underway.

Mr. Greg Reimer, Company President & CEO states: “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.”

Nevada North Lithium Project- Lithium anomaly map from surface sampling

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SAN EMIDIO DESERT PROJECT

Further west, just a few miles from Tesla’s new Gigafactory is the company’s San Emidio Desert Project11

The Company has a Property Option Agreement to earn an undivided 80% interest in sixteen mineral claims, comprising 640 acres located within Nevada’s San Emidio Desert, known as the Galt Property.

Recent mineral exploration on the Galt claim group includes fifty-one playa sediment samples collected for chemical analysis at ALS Geochemistry in Vancouver, B.C. Results show 68 to 852 parts per million lithium (mean 365 ppm) and results from two seven-foot-deep auger holes show lithium concentrations in the range of 143.5 to 773 ppm. Drilling is planned once permitting is in place.

Nevada North Lithium Project- Lithium anomaly map from surface sampling

TEELS MARSH LITHIUM PROJECT

Finally, the most recent addition to Surge’s portfolio is the Teel’s Marsh Lithium Project. This highly prospective property has had USGS geochemical survey sample reports as high as 850 ppm. Teel’s Marsh’s potential also extends to the fact that it hosts significant zones of permeability because of volcanic ash beds, which have proven to be the most productive brine sources in Clayton Valley. A sonic drilling program is envisaged as the next stage of exploration.

BRITISH COLUMBIA NICKEL PROJECTS

Nickel North Project

Nevada North Lithium Project- Lithium anomaly map from surface sampling

Surge Battery Metals’ nickel project in British Columbia include six mineral claims in the Mount Sidney Williams area of north central BC. Claim HN4 covers 1863 hectares immediately south of and adjacent to the Decar Project of FPX Minerals Inc and the nearby N100 claim group which covers 8659 hectares, located not far to the northeast.

The Company has entered into an Option Agreement with Nickel Rock Resources to acquire an 80% interest in these mineral claims of which HN 4 covers 1863 hectares immediately south of and adjacent to the Decar Nickel Project of FPX Minerals Inc and the Nickel 100 Group covers 8659 hectares, located some distance to the northeast. Three of the claims are subject to 2% NSR, including the Hard Nickel 4 claim and the two southernmost claims of the Nickel 100 claims.

Phase One surveys have confirmed the widespread nature of nickel mineralization on the properties and Phase Two follow-up is expected be completed in the fall of 2022.

These exploration stage projects are in the Trembleur Lake area of central British Columbia, partially adjacent to FPX Nickel Corp.’s Decar Nickel Project, which is an advanced project targeting awaruite, a nickel-iron alloy mineral, hosted by serpentinized ultramafic intrusive rocks of the Trembleur Ultramafic Unit.

The Surge properties are partially underlain by rocks like those hosting the Decar project of FPX Nickel Inc where mineralization includes nickel, cobalt, and chromium. Previous exploration suggests that at least some of the nickel mineralization occurs as awaruite which is a naturally occurring nickel-iron alloy important in the manufacture of environmentally efficient batteries for the electric vehicle markets globally. The mineral awaruite is both highly magnetic and very dense and is therefore amenable to concentration by mechanical processes including magnetic and gravity separation. This style of deposit is unique and presents considerable metallurgical and processing cost saving advantages.

A September 7, 2022, FPX News Release Stated: FPX Nickel Scoping Study Outlines Development of World’s Largest Integrated Nickel Sulphate Operation for EV Battery Supply Chain at Baptiste Project in British Columbia.

Mining and exploration can be an extremely difficult, cost-intensive, and unpredictable business.

New mines can cost a fortune to discover and develop. They can take years and require support & help from host governments. And even after all that investment, fluctuations in metal prices can still wreak havoc on operations.

With these four projects, and the hundreds of claims contained within, Surge Battery Metals has a nearly unrivaled level of flexibility and freedom when it comes to both exploration and subsequent mining.
Depending on prevailing market conditions and early exploration results, the company could prioritize individual sites, then use the windfall to fund further development in other metals.
This level of freedom would also allow the company to potentially spin off successful mining projects for acquisition, in turn funding future development and mining.
All of this is in stark contrast to the state of many micro-cap mining & exploration companies, which are often just connected to a single property or jurisdiction that may (or may not) ever pay out.

Canada’s Top Mining Insiders Behind the Wheel

Just as impressive as the company’s aggressively de-risked portfolio and their stake in some of the world’s friendliest mining jurisdictions are the people behind the scenes making it all happen.

We already mentioned President and CEO Greg Reimer, former Executive Vice-President (EVP) of BC Hydro’s Transmission & Distribution (T&D) business group, who held the EVP position from June 2010 until 2017 leaving BC Hydro to pursue work in the green energy field. For those on the American side of the border, BC Hydro is Canada’s third-largest electric utility, with over $5.7 Billion in annual revenues from 32 hydroelectric facilities.8

In his senior executive capacity, Greg brings a wealth of operational experience and strong leadership from over 26 years in the public sector. At BC Hydro, Greg was responsible for approximately 2,300 employees who plan, design, build, operate and maintain the systems and assets needed to deliver electricity safely and reliably to BC Hydro’s four million customers.

In total, Greg was accountable for $580M in annual capital investments in transmission and distribution infrastructure, and $325M in annual operating and maintenance expenditures. Greg also led a major strategic, multi-year transformation of BC Hydro’s T&D organization that is increasing operational efficiency, improving safety performance, and building a more reliable, modern electricity grid to meet growing customer expectations.

Director Bob Culvert is another key player on the team, with over 35 years’ experience as a professional engineer working on every new frontier from Canada to West Africa, the Indian Subcontinent, and beyond. Over the past decade, he’s been serving as officer and director of several junior resource exploration and development companies. Bob is also a director of Carlin Gold Corporation.

Other key players on the financial side include the aforementioned Strategic Advisor Chip Richardson, and CFO Konstantin Lichtenwald who previously worked with Ernst & Young GmbH, Germany.8

With unrivaled leadership, an aggressively de-risked portfolio, and a share price of just $0.05 as 9/20/22 according to OTCMarkets.com (22), Surge Battery Metals (OTCMKTS: NILIF, TSX: NILI) is a company that should definitely be on your watchlist …

Click HERE To Read The Research Report On Surge Battery Metals From Wall Street’s Network1Financial

North American Miners in Focus as U.S. Passes Inflation Reduction Act Placing a Big Bet on Battery Metals… One company that could be well positioned for this unparalleled opportunity is Surge Battery Metals Inc. (OTC: NILIF) (TSXV:NILI)

6 Key Factors That Make Surge Battery Metals.... The Market’s “Best-in-Class” Battery Metal Explorer

The Inflation Reduction Act focuses on Battery Metal Exploration in North America to reduce U.S. dependence on foreign sources. (16)

The demand for battery metals is expected to soar. (20)

Surge Battery Metal’s well-positioned and impressive exploration portfolio has four promising projects across two of the world’s friendliest mining jurisdictions. (21)

Surge Battery Metals has begun drilling on its Nevada North Lithium property, which has already yielded significant soil sample results with lithium values of up to 5,120 ppm (0.51%). (17)

The Company’s nickel exploration project’s most recent soil samples returned results of up to 2,361ppm (0.26%). (18)

The Company is well-capitalized, fully-funded for 2022 exploration with $2.2 Million in working capital. (19)

Source 1: https://cfcdn-fc.stockmarkettrendstoday.com/wp-content/uploads/sites/96/2022/01/SURGE_DD-1-2.pdf

Source 2: https://surgebatterymetals.com/wp-content/uploads/2021/11/Surge-Battery-Metals_Fact-Sheet_v1.10_2021-11-29.pdf

Source 3: https://www.albemarle.com/locations/north-america/nevada

Source 4: https://rivercountry.newschannelnebraska.com/story/44788975/surge-battery-metals-inc-stock-surges-53-as-ev-battery-metals-sector-comes-into-investor-focus-otcqb-nilif-tsxv-nili

Source 5: https://cleantechnica.com/2021/10/08/teslas-goal-20-million-annual-car-sales-by-2030/

Source 6: https://www.consumerreports.org/hybrids-evs/why-electric-cars-may-soon-flood-the-us-market-a9006292675/

Source 7: https://bit.ly/3eRvzsT

Source 8: https://surgebatterymetals.com/management/

Source 9: https://simplywall.st/stocks/ca/materials/tsxv-nili/surge-battery-metals-shares

Source 10: https://www.albemarle.com/news/albemarle-announces-expansion-of-nevada-site-to-increase-domestic-production-of-lithium

Source 11: https://en.wikipedia.org/wiki/Giga_Nevada

Source 12: https://finance.yahoo.com/news/surge-battery-metals-announces-preliminary-130000615.html

Source 13:
https://www.bloomberg.com/news/articles/2022-01-24/lithium-hits-ludicrous-mode-as-battery-metal-extends-400-gain

Source 14: https://www.wsj.com/articles/lithium-prices-soar-turbocharged-by-electric-vehicle-demand-and-scant-supply-11639334956?mod=Searchresults_pos9&page=1

Source 15: https://www.bloomberg.com/opinion/articles/2022-01-18/ev-battery-makers-are-pushing-up-demand-for-all-inputs-even-graphite

Source 16: https://www.supplychaindive.com/news/biden-signs-inflation-reduction-act-in-boost-to-us-electric-vehicle-product/629854/

Source 17: https://surgebatterymetals.com/surge-battery-metals-increases-nevada-north-project-claim-area-to-cover-large-lithium-anomaly-2/)

Source 18: https://surgebatterymetals.com/surge-battery-metals-announces-successful-completion-of-its-phase-1-exploration-program-on-the-hn4-nickel-project-located-in-northern-british-columbia/)

Source 19: https://www.otcmarkets.com/otcapi/company/financial-report/344699/content

Source 20: https://www.mining.com/demand-for-battery-metals-to-jump-500-by-2050/

Source 21: https://surgebatterymetals.com/wp-content/uploads/2022/09/Surge-Battery-Metals_Corporate-Presentation_v1.24_2022-08-30.pdf

Source 22: https://www.otcmarkets.com/stock/NILIF/overview

Source 23: https://www.autonews.com/sales/us-ev-registrations-surge-60-q1-driven-tesla-ford-new-korean-models

Source 24: https://www.supplychaindive.com/news/inflation-reduction-act-ev-battery-bofa/630965/

Source 25: https://original.newsbreak.com/@jessica-n-abraham-561221/2737415062843-u-s-inflation-reduction-act-could-supercharge-canada-s-cobalt-related-sectors?s=ws_em

Source 26: https://www.reuters.com/markets/commodities/vale-sees-44-increase-global-nickel-demand-by-2030-2022-09-07/

Source 27: https://surgebatterymetals.com/surge-battery-metals-returns-up-to-5120-ppm-lithium-from-geochem-surveys-on-its-100-owned-nevada-north-project/

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