Sponsored/ 9 min reading

Tesla Co-founder’s Startup Gets $2 Billion From the U.S. to Boost EV Battery Production…(29) As This Junior Explorer Announces a Potentially Major Lithium Discovery in Nevada…

See why now could be the best time to start your research on Surge Battery Metals Inc. (OTC: NILIF) (TSXV:NILI)

OTC: NILIF | TSXV:NILI  •   OTC: NILIF | TSXV:NILI  •   OTC: NILIF | TSXV:NILI  •   OTC: NILIF | TSXV:NILI  •   OTC: NILIF | TSXV:NILI  •   OTC: NILIF | TSXV:NILI   •   OTC: NILIF | TSXV:NILI   •   OTC: NILIF | TSXV:NILI   •   OTC: NILIF | TSXV:NILI  •   OTC: NILIF | TSXV:NILI  •   OTC: NILIF | TSXV:NILI  •   OTC: NILIF | TSXV:NILI  •   OTC: NILIF | TSXV:NILI  •   OTC: NILIF | TSXV:NILI   •   OTC: NILIF | TSXV:NILI   •   OTC: NILIF | TSXV:NILI   •  

6 Reasons why Surge Battery Metals Inc. (OTC: NILIF) (TSXV: NILI) Could Be Poised For Significant Upside Potential in 2023.

1

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

2

Surge Battery Metals (OTC: NILIF) (TSXV: NILI) has announced a recent significant lithium discovery on its Nevada North Lithium project, with values of up to 5950 ppm.(51)

3

Electric vehicles (EVs) represent a $7 trillion global market opportunity between today and 2030 and $46 trillion between now and 2050.(34)

4

Surge Battery Metals is well capitalized for 2023 exploration, with $3.4 million in working capital to expand its Nevada North Lithium Project. (52)

5

Surge Battery Metals Inc. (OTC: NILIF) (TSXV: NILI) is strategically targeting the EV market's near-term & long-term demand to create shareholder value.

6

Surge Battery Metals is about to start phase 2 drilling on the Nevada North Lithium Project to expand its initial 8 hole discovery. (53)

EV Battery Metals Market Impact:

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

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

The U.S. Department of Energy (DOE) has agreed to loan a Nevada startup $2 billion to support its production of critical battery materials, a staggering sum that illustrates the White House’s determination to domesticate the electric vehicle supply chain.(29)

Redwood Materials will use the money for the construction of the first factory in the nation to produce anode copper foil and cathode active materials, two essential components in EV batteries.

The company, founded by former Tesla executive JB Straubel, says it will manufacture enough of them to support the production of 1 million electric vehicles per year by 2025.

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According to the Department of Energy, that would reduce the country’s gasoline consumption by more than 395 million gallons annually and cut carbon dioxide emissions by more than 3.5 million tons. (29)

It also would ease automakers’ reliance on battery components made overseas. (29) News like this could bode well for lithium exploration companies like Surge Battery Metals Inc. (OTC: NILIF) (TSXV:NILI) who recently announced its best lithium drill results to date at its Nevada North Lithium Project.(30)

Surge Battery Metals Inc. (OTC: NILIF | TSXV: NILI): Powering the Clean Energy Transition with Critical Minerals (54)

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The global transition to cleaner energy hinges on the availability of critical minerals such as lithium and nickel. Essential for technologies like electric vehicle batteries and energy storage systems, these minerals are in high demand. As automakers and chemical companies seek to secure supplies, the sustainability and availability of these minerals have become a top priority for industry leaders and policymakers.

Surge Battery Metals Inc. (OTC: NILIF | TSXV: NILI) is a forward-thinking company exploring for clean energy metals that power the electric vehicles of tomorrow and the broader transition to cleaner energy. The company’s focus includes critical minerals such as lithium and nickel.

With its strategic targeting of lithium clay deposits in high-potential areas in Nevada, Surge Battery Metals Inc. (OTC: NILIF | TSXV: NILI) is exploring projects including the Nevada North lithium project, the San Emidio Desert lithium project, and the Teels Marsh West lithium project. The company’s flagship Nevada North lithium project is located in the mineral-rich Elko County.

As demand for electric vehicles and energy storage continues to rise, Surge Battery Metals Inc. (OTC: NILIF | TSXV: NILI) is one company to keep an eye on. (54)

Nevada North Lithium Project: Surge Battery Metals Inc. (OTC: NILIF | TSXV: NILI)'s Flagship of Exploration Excellence (55)

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In the video above, we’ll take a closer look at the Surge Battery Metals Inc. (OTC: NILIF | TSXV: NILI)’s flagship Nevada North lithium project, which has shown promising high-grade lithium clay results. Finalizing plans to acquire an initial 38 mineral claims in Northern Nevada in June 2021, Surge Battery Metals Inc. (OTC: NILIF | TSXV: NILI) has since expanded the project area following impressive exploration results. (55)

The project has seen some of the highest surface lithium values ever reported in Nevada. An eight-hole scout drilling program confirmed that significant lithium values continue in depth, with mineralization starting from the surface. The company’s geological interpretation has shown significant exploration potential, with an initial exploration target of 2.5 million tons of lithium carbonate equivalent. (55)

The Nevada North project has excellent potential for a large-scale, high-quality deposit. With lithium being a critical mineral for clean energy technologies, Surge Battery Metals Inc. (OTC: NILIF | TSXV:NILI) is one company to watch as it advances this promising project. (55)

Surge Battery Metals Inc. (OTC: NILIF) (TSXV: NILI) Announces Best Lithium Results To Date at the Nevada North Lithium Project. (32)

On January 3, 2023, Surge Battery Metals Inc. (OTC: NILIF) (TSXV: NILI) released the assay results from holes NN2207 and NN2208 at the 100% owned Nevada North Lithium Project in Elko County, Nevada. (32)

Hole NN2207 intersected the thickest intervals of lithium-rich claystone encountered to date, a total of 120.4 meters (395 feet) averaging 3943 ppm lithium in four zones.

NN2208 had the strongest individual sample interval (5950 ppm lithium between 45 to 50 feet, 13.72 to 15.24 meters) of the maiden 2022 program.

The intercepts shown in the table below used a 1,000 ppm lithium cut-off without internal dilution. (32)

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Results from the above holes extend the strike length of the mineralization to 1,620 meters from NN2205 to NN2208. The width of the mineralization is not as well determined since the holes are mostly on a north-south alignment because of topography and access, but is at least 400 meters and soil anomalies indicate it is likely much more. (32)

Surge Battery Metals Inc. (OTC: NILIF) (TSXV: NILI) is currently planning for the 2023 field season which will include a detailed drilling program that will commence when ground conditions allow. During the off-season, a mineralogical and spectral analysis will be applied to the 2022 drill cuttings along with in-depth reviews of surface and sub-surface geochemistry.

Mr. Greg Reimer, Company President & CEO states:

“The results of our maiden drill program have returned impressive lithium values over a strike length of approximately 1,600 meters (5,315 feet). The drill results have confirmed that highly anomalous lithium values persist to depth in the silty clay unit that appears to underlie the better soil values observed in samples collected last year and earlier this summer. Our maiden drilling program has identified significant potential for a lithium deposit in an area of northern Nevada not previously recognized for its lithium potential.” (32)

Surge Battery Metals Inc. (OTC: NILIF) (TSXV: NILI)’s Nevada North Lithium Project contains a potentially significant lithium clay deposit, the result of a maiden drill campaign. (34)

It shares similarities to Lithium America’s Thacker Pass, one of America’s largest lithium clay deposits and Nevada’s Clayton Valley, home to America’s only current lithium production.(34)

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Follow-up drilling will commence this spring to further expand the known lithium-bearing clay horizons.

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

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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 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, and 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 2030 (5) 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 are 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)

Electric vehicles (EVs) represent a $7 trillion global market opportunity between today and 2030 and $46 trillion between now and 2050.(34)

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In the ever-evolving landscape of the 21st century, the demand for materials that drive clean energy and digital innovation has never been greater. As the world transitions toward sustainable and connected technologies, the fundamental building blocks of these advancements, such as lithium and nickel, are gaining center stage. (39)

This is where Surge Battery Metals Inc. (OTC: NILIF) (TSXV: NILI) comes into play as a key player in the extraction and production of these crucial materials. (34)

Disruptive materials are the lifeblood of the technologies transforming our world. Among these materials, lithium and nickel are indispensable elements in the creation of advanced batteries that power electric vehicles (EVs), energy storage solutions, and portable electronics.(39)

Setting the Stage for a Supercycle: Lithium and Nickel in High Demand

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Historically, rapidly growing demand combined with persistent and insufficient supply have created the conditions necessary to spark a supercycle. The simultaneous emergence of several game-changing technologies that have been, and continue to be, heavily adopted could create similar conditions for supercycles in specific materials. 

We’ve started to see this in the ongoing transition from internal combustion engine (ICE) vehicles to electric vehicles (EVs), which is poised to be a significant driver of demand for materials like lithium and nickel. An EV requires six times more of these materials than a traditional ICE.

The extraordinary growth in the adoption of EVs and the expansion of clean energy initiatives have ignited a supercycle for disruptive materials. During a supercycle, prices for these materials rise above the trend for extended periods, driven by a combination of robust demand and challenges in supply. Lithium and nickel are key beneficiaries of this supercycle, as they are essential components in the manufacturing of high-capacity batteries.(39)

Surge Battery Metals Inc.: Pioneering the Lithium and Nickel Revolution

Surge Battery Metals Inc. (OTC: NILIF) (TSXV: NILI) has a strong commitment to sustainable practices and is at the forefront of this transformation. The company has positioned itself to be a leader in the exploration, extraction and production of lithium and nickel, meeting the growing demand for these materials head-on. (34)12

Climate action and clean technology initiatives are driving a surge in demand for lithium and nickel, leading to the potential for substantial revenue growth for Surge Battery Metals Inc. (OTC: NILIF) (TSXV: NILI). (34)

By 2040, revenue from disruptive materials is projected to increase five-fold, reaching over $250 billion. (39)

Surge Battery Metals Inc. (OTC: NILIF) (TSXV: NILI) is strategically positioned to capitalize on this trend. The company’s focus on lithium and nickel places it squarely within the ecosystem of companies set to benefit from the rise of clean technology, electric vehicles, and digital transformation. (34)

The Road Ahead: A Bright Future for Disruptive Materials

The journey toward a sustainable and connected future is well underway. As we continue to embrace electrification and digitalization, the importance of lithium and nickel as key enablers of innovation cannot be overstated.(39) Surge Battery Metals Inc. (OTC: NILIF) (TSXV:NILI) is a company with the vision and expertise to harness the potential of these disruptive materials, ensuring their availability for the technologies that will shape our world for decades to come.(34)

Surge Battery Metals Inc. (OTC: NILIF) (TSXV:NILI) Only Targets Battery Metals that have Rapid Demand Growth Forecasts and are Positioned to Outperform in the Market

Nickel and Lithium are the backbone of leading-edge battery technologies while representing the best opportunities to create secure, domestic supply solutions for North American automakers and battery manufacturers. (34)

GM to Invest $650 million in a Lithium Company to Support its Electric Vehicle Business (35)

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On January 31, 2023, General Motors said it plans to invest $650 million in Lithium Americas to secure access to lithium, a vital component of batteries for electric vehicles. (35)

It’s the biggest investment an automaker has ever made to secure sources of the raw materials that go into batteries, the companies said.

When the lithium is extracted from the Thacker Pass mine, which is the largest source of lithium identified in the U.S., and processed it will provide enough for GM to make as many as 1 million electric vehicles per year, the companies said.

Lithium is a critical component for batteries because it has a very high energy density and withstands charging and discharging well, according to GM and Lithium Americas. (35)

“Direct sourcing critical EV raw materials and components from suppliers in North America and free-trade-agreement countries helps make our supply chain more secure, helps us manage cell costs, and creates jobs,”

GM Chair and CEO Mary Barra said in a statement announcing the investment.

Securing sources of materials is especially critical as GM looks to ramp up production of EVs. In a letter to shareholders also published Tuesday, Barra said 2023 would be “a breakout year” for Ultium Platform, its battery platform for EVs. (35)

Barra said GM is on track to produce 400,000 EVs from 2022 through the first half of 2023 in North America. (35)

In exchange for its investment, GM will get exclusive access to the first phase of lithium production and the right of first offer on the second phase of lithium production that will come out of the Thacker Pass project, according to GM and Lithium Americas. (35)

Lithium production at Thacker Pass, in northern Nevada, is due to begin in the second half of 2026, the companies said. This will create 1,000 jobs as the mine is being constructed and 500 during operations.(35)

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.

And to back all that up, the company has a debt-free balance sheet with $3.4 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.

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NEVADA NORTH LITHIUM PROJECT

Surge Battery Metals is well capitalized for 2023 exploration, with $3.4 million in working capital to expand its Nevada North Lithium Project.

Nevada Project
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On January 10, 2023, Surge Battery Metals Inc. (OTC: NILIF) (TSXV: NILI) reported that the Company has acquired a 100% interest in 71 additional mineral claims resulting from a recently completed staking program. (37)

The Nevada North Lithium Project now comprises 243 mineral claims with a total area footprint of approximately 1,946 hectares or 4,810 acres. The land package is 100% owned and completely free of royalties. (37)

Recently announced drill results (see News Release dated Jan. 3, 2023) have demonstrated the potential for a significant lithium discovery at the Nevada North Lithium Project located in Elko County about 73 Km north-northeast of Elko Nevada. (37)

The maiden drilling program, consisting of eight widely spaced drill holes, has identified strong lithium values (up to 5950 ppm) associated with a series of stacked blue-green clay layers up to 120.4 meters or 395 feet thick. (37)

To date mineralization, as evidenced by drilling, has a strike length of approximately 1,620 meters or 5,315 feet. The width of the mineralization is not as well determined since the holes are mostly on a north-south alignment because of topography and access but is at least 400 meters and soil anomalies indicate it is likely much more.

The mineralization appears to be open to further development given the dimensions of a widespread lithium soil anomaly shown on the accompanying map.

Mr. Greg Reimer, Company President & CEO states

“The results of our maiden drill program have returned impressive lithium values over a significant area giving rise to optimism that we may have discovered a major lithium deposit in an area of northern Nevada not previously recognized for its lithium potential. The company is now planning for the 2023 field season which will include additional drilling when ground conditions allow. Mineralogical and spectral analysis will be applied to the 2022 drill cuttings along with in-depth reviews of surface and sub-surface geochemistry as part of this phase of work.” (37)

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 continued: “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.” (38)

Nevada North Lithium Project- Lithium anomaly map from surface sampling

San Emidio Desert Project

Further west, just a few miles from Tesla’s new Gigafactory is the company’s San Emidio Desert Project(11)

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 LithiumI Project(50)

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.(50)

BRITISH COLUMBIA NICKEL PROJECTS

British Columbia Nickel Project (45)

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.

NILI-BC

The Company has entered into an Option Agreement with Nickel Rock Resources to acquire an 80% interest in these mineral claims. The Surge British Columbia Nickel Project consists of two non-contiguous mineral claims groups, located in central British Columbia. HN4 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. (45)

These projects are hosted by an ultramafic/ophiolite complex, a similar mineralized suite of rocks to that hosting the Baptiste and Van deposits of FPX Nickel. (45)
In 2022, Surge spent $900,000 further developing this exploration target. (45)

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.(46)

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.

Surge Battery Metals Inc. (OTC: NILIF) (TSXV: NIL) is strategically targeting the EV market's near-term & long-term demand to create shareholder value.

During the second half of 2022, Surge Battery Metals Inc. (OTC: NILIF) experienced a remarkable 1,201% increase in its US-listed stock price, moving from an initial value of $0.0285 on July 21, 2022, to a peak of $0.3708 on January 3, 2023.

In Canada, Surge Battery Metals Inc. (TSXV: NILI) moved over 1,214% when it put in its 52-week low of $.035 on 8/09/2022 and reached $.46 on 1/3/2023, according to the price history available at Barchart.com.(40)(41)

Surge Battery Metals Inc. (OTC: NILIF) / Surge Battery Metals Inc. (TSXV: NILI)

This remarkable surge may have been underpinned by key developments and discoveries made by Surge Battery Metals Inc. (OTC: NILIF) (TSXV: NILI).

Surge Battery Metals in about to start phase 2 drilling on the Nevada North Lithium Project to expand its initial 8 hole discovery.

One of the key drivers behind Surge Battery Metals Inc. (OTC: NILIF) (TSXV: NILI)’s price appreciation could have been the company’s lithium clay discovery in northern Nevada.

The company’s President & CEO, Greg Reimer, highlighted in a shareholder update that the company’s Phase 1 drilling program had uncovered significant potential for a lithium deposit in an area not previously recognized for its lithium potential.

Furthermore, the company outlined plans for Phase 2 of its drilling program, which involved a budget of approximately $500,000 and plans to complete an additional seven holes. The drilling program was set to commence as soon as regulatory approvals were granted and weather conditions permitted. (44)

Metallurgical and Baseline Environmental Studies:

In addition to its exploration activities, Surge Battery Metals Inc. (OTC: NILIF) (TSXV: NILI) conducted metallurgical and baseline environmental studies. The company aimed to ascertain the physical beneficiation techniques required to upgrade the lithium content of its discovery, thereby enhancing the project’s viability.(44)

Significant Commercial Discovery:

The company’s exploration activities culminated in the announcement of exciting results from test sites in Nevada. On January 27, 2023, Surge Battery Metals Inc. (OTC: NILIF) (TSXV: NILI) revealed that the results may indicate a “significant commercial discovery,” a key factor that could potentially contribute to an accelerated interest in the company. (44)

Surge Battery Metals Inc. (OTC: NILIF)’s impressive 1201% stock price increase from July 21, 2022, to January 3, 2023, and Surge Battery Metals Inc. (TSXV: NILI)’s move 1,214% between 8/09/2022 and 1/3/2023, could potentially be attributed to the company’s lithium clay discovery, further drilling plans, metallurgical studies, and the announcement of a significant commercial discovery. (40)(41)

Surge Battery Metals Inc. (OTC: NILIF) (TSXV:NILI)’s focus on locating and developing high-value deposits of clean energy battery metals, which are vital to the rapidly growing electric vehicle (EV) market, is placing it in a favorable position to become a top company to watch in the market.

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

Tesla Co-founder’s Startup Gets $2 Billion From the U.S. to Boost EV Battery Production…(29) As This Junior Explorer Announces a Potentially Major Lithium Discovery in Nevada…

See why now could be the best time to start your research on Surge Battery Metals Inc. (OTC: NILIF) (TSXV:NILI)

6 Reasons why Surge Battery Metals Inc. (OTC: NILIF) (TSXV: NILI) Could Be Poised For Significant Upside Potential in 2023.

1

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

2

Surge Battery Metals (OTC: NILIF) (TSXV: NILI) has announced a recent significant lithium discovery on its Nevada North Lithium project, with values of up to 5950 ppm.(51)

3

Electric vehicles (EVs) represent a $7 trillion global market opportunity between today and 2030 and $46 trillion between now and 2050.(34)

4

Surge Battery Metals is well capitalized for 2023 exploration, with $3.4 million in working capital to expand its Nevada North Lithium Project. (52)

5

Surge Battery Metals Inc. (OTC: NILIF) (TSXV: NILI) is strategically targeting the EV market's near-term & long-term demand to create shareholder value.

6

Surge Battery Metals is about to start phase 2 drilling on the Nevada North Lithium Project to expand its initial 8 hole discovery. (53)

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/
Source 28: https://themarketherald.ca/surge-battery-metals-provides-corporate-update-2022-10-07/
Source 29: https://grist.org/energy/tesla-co-founders-startup-gets-2-billion-to-boost-ev-battery-production/
Source 30: https://finance.yahoo.com/news/surge-battery-metals-announces-best-184500545.html
Source 31: https://www.visualcapitalist.com/company_spotlight/surge-battery-metals/
Source 32: https://surgebatterymetals.com/surge-battery-metals-announces-best-lithium-results-to-date-from-drill-holes-7-and-8-at-the-nevada-north-lithium-project/
Source 33: https://seekingalpha.com/article/4576053-lithium-americas-thacker-pass-approved-now-look-south-for-production
Source 34:https://surgebatterymetals.com/wp-content/uploads/2023/03/SurgeBatteryMetals_new-design2023_v4.2.pdf
Source 35: https://www.cnbc.com/2023/01/31/gm-to-invest-650-million-in-lithium-company-to-support-ev-growth.html
Source 36: https://pv-magazine-usa.com/2023/01/31/gm-announces-650-million-production-plan-with-lithium-americas/
Source 37: https://surgebatterymetals.com/surge-battery-metals-expands-the-nevada-north-lithium-project-land-package/
Source 38: https://www.yahoo.com/now/surge-battery-metals-returns-5-132000165.html
Source 39: https://rankiapro.com/en/case-disruptive-materials/
Source 40: https://www.barchart.com/stocks/quotes/NILIF/price-history/historical?orderBy=highPrice&orderDir=desc
Source 41: https://www.barchart.com/stocks/quotes/NILI.VN/price-history/historical?orderBy=highPrice&orderDir=desc
Source 42: https://www.stockwatch.com/Quote/Detail?U:NILIF
Source 43: https://www.stockwatch.com/Quote/Detail?C:NILI
Source 44: https://surgebatterymetals.com/surge-battery-metals-provides-shareholder-update-3/
Source 45: https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2575-tsx-venture/nili/138970-surge-battery-metals-announces-the-acquisition-of-the-remaining-20-interest-in-the-surge-nickel-project-bc.html
Source 46: https://fpxnickel.com/2022/09/fpx-nickel-scoping-study-outlines-development-of-worlds-largest-integrated-nickel-sulphate-operation-for-ev-battery-supply-chain-at-baptiste-project-in-british-columbia/
Source 47: https://www.globenewswire.com/en/news-release/2022/05/18/2445586/0/en/Global-Lithium-Compounds-Market-Expected-to-Witness-Booming-Expansion-of-USD-61-22-billion-by-2027-Fior-Markets.html
Source 48: https://www.caranddriver.com/news/a40069176/automakers-ev-plant-plans/

Source 49: https://www.moneycontrol.com/news/world/china-in-talks-with-automakers-on-ev-subsidy-extension-8529361.html
Source 50: https://www.bloomberg.com/press-releases/2022-09-14/surge-battery-metals-increases-nevada-north-project-claim-area-to-cover-large-lithium-anomaly
Source 51: https://www.yahoo.com/now/surge-battery-metals-expands-nevada-123000439.html
Source 52: https://www.marketscreener.com/quote/stock/SURGE-BATTERY-METALS-INC-49478439/news/Surge-Battery-Metals-NILIF-in-Focus-as-the-U-S-Passes-Inflation-Reduction-Act-Placing-a-Big-Bet-41922107/
Source 53: https://www.marketwatch.com/press-release/surge-battery-metals-provides-shareholder-update-2023-02-09
Source 54:https://www.youtube.com/watch?v=6Cyx5N0RPZI
Source 55: https://www.youtube.com/watch?v=bo8ZDIwNDqg
Source 56:https://www.youtube.com/watch?v=wm37q8cdMnc

Company Profile

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Surge Battery Metals Inc., an exploration stage company, engaged in the acquisition, exploration, and development of mineral properties in North America, focused on Lithium and Nickel. The company owns 100% interest in its flagship property, the Nevada North Lithium Project, made up of 243 mineral claims. Surge recently completed a drill program on the Nevada North Lithium Project, with results of a significant lithium discovery. The company is fully funded for 2023 exploration to further this discovery. Surge also holds two additional lithium projects in Nevada, USA and a nickel project in British Columbia, Canada. In 2022, Surge spent $900,000 further developing its nickel exploration target. Surge Battery Metals Inc. was incorporated in 1987 and is headquartered in Coquitlam, Canada.

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