Surge Battery Metals Submits Important Technical Report for Nevada Lithium Project

Surge Battery Metals Files Key Technical Report for Nevada Lithium Project

Surge Battery Metals Inc. (OTCQX: NILIF) has recently filed a comprehensive technical report detailing its mineral resource estimates for the Nevada North Lithium Project, located in Elko County, Nevada. This report, which is mandated by NI 43-101 regulations, was submitted on October 9, 2024, following the company’s earlier announcement regarding its mineral resource estimates on September 24, 2024. The report has been validated and endorsed by accredited professionals, Bruce M. Davis, PhD, FAusIMM, and Jeffrey D. Phinisey, SME RM#4030404.

Overview of the Technical Report

The technical report serves as an essential documentation of the company’s assessment of the lithium-bearing zones in the Nevada North Lithium Project. After extensive drilling conducted between 2022 and 2024, the project has revealed a substantial mineralized zone that indicates a significant presence of lithium resources. The report not only confirms the presence of these resources but also details their quality and extent.

Key Findings

• Mineral Resource Details: The Nevada North Lithium Project has an inferred resource of approximately 8.65 million tons of Lithium Carbonate Equivalent (LCE), averaging 2,956 ppm lithium, based on a cutoff grade of 1,250 ppm.
• Geological Insights: Drilling results indicate a highly mineralized clay zone extending over 4,300 meters in length and more than 1,500 meters in width, with evidence suggesting that the mineralized area may be even larger than currently assessed.

Strategic Importance of Lithium

With the escalating demand for lithium, especially in the electric vehicle (EV) market, the importance of projects like Nevada North cannot be overstated. Lithium is a critical component in lithium-ion batteries, which are essential for powering electric vehicles and energy storage systems. As such, Surge Battery Metals is not only involved in mineral exploration but is also positioning itself as a vital player in the transition towards renewable energy and sustainable transportation.

About Surge Battery Metals

Headquartered in Canada, Surge Battery Metals is committed to advancing lithium exploration efforts to support the burgeoning electric vehicle industry. The company’s strategic focus on the Nevada North project aims to harness domestic lithium resources, further aligning with global sustainability goals and reducing reliance on international lithium suppliers.

Future Outlook and Developments

Looking ahead, Surge Battery Metals plans to continue its exploration and drilling activities at the Nevada North Lithium Project, leveraging data collected from previous drilling phases to expand its resource base. The potential for further resource delineation remains high, especially with additional drilling planned in the future.

Conclusion

The recent filing of the technical report marks a significant milestone for Surge Battery Metals, validating its ongoing efforts in lithium exploration. As global demand for lithium surges, the Nevada North Lithium Project positions the company as a key contributor to the sustainable energy landscape. The commitment to developing high-grade lithium resources aligns with larger industry goals, reinforcing Surge Battery Metals’ reputation as a responsible player within the mining sector.

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This document may also contain forward-looking statements regarding the company’s development plans, resource estimations, and market conditions, which are subject to numerous risks and uncertainties.

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