15:13:05 EDT Fri 10 May 2024
Enter Symbol
or Name
USA
CA



Surge Battery Metals Inc
Symbol NILI
Shares Issued 117,049,272
Close 2023-06-05 C$ 0.62
Market Cap C$ 72,570,549
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Surge Battery appoints Harris as chairman

2023-06-06 13:30 ET - News Release

Mr. Greg Reimer reports

SURGE BATTERY METALS APPOINTS BOARD MEMBER GRAHAM HARRIS AS CHAIRMAN

Graham Harris has been appointed to the position of chair of Surge Battery Metals Inc.'s board of directors. Mr. Harris was founder, chair and director of Millennial Lithium Corp., which was acquired by Lithium Americas (TSX: LAC) for $490-million. Mr. Harris also has over 40 years of experience in the finance industry and is currently senior vice-president, capital markets, and a director of Millennial Potash Corp.

Greg Reimer, chief executive officer and director, commented: "Graham has extensive corporate finance and considerable lithium exploration and development experience. In the short time Graham has been a director, we have seen a remarkable transformation at Surge from he and his team's contributions. We welcome his leadership."

Mr. Harris commented: "Greg and his team have done a tremendous job to date advancing the Nevada North lithium project. I believe this project has significant potential and I'm excited to be appointed Chair and look forward to helping Surge develop this incredible lithium asset."

About Surge Battery Metals Inc.

The company is a Canadian-based mineral exploration company active in the exploration for lithium in Nevada and for nickel in British Columbia. The company's primary listing is on the TSX Venture Exchange. The company's maintains a focus on exploration for high-value battery metals required for the electric vehicle (EV) market.

About the Nevada North lithium project

The company owns a 100-per-cent interest, without any royalties, in the Nevada North lithium project, consisting of 243 mineral claims located in the Granite range southeast of Jackpot, about 73 kilometres north-northeast of Wells, Elko county, Nevada. The first round of drilling, completed in October, 2022, identified a strongly mineralized zone of lithium-bearing clays occupying a strike length of almost 1,620 metres from drill hole NN2205 in the north to drill hole NN2208 in the south. Widths of the mineralized horizons are not well determined since the holes are mostly on a north-south alignment, however, widths are at least 400 metres, supported by highly anomalous soil values, indicating potential for the clay horizons to be much greater in extent. The potential for a significant lithium deposit can be illustrated by the results of drill hole NN2207, which intersected the thickest intervals of lithium-rich claystone encountered to date: a total of 120.4 metres (395 feet) averaging 3,943 parts per million (ppm) lithium in four zones. Additionally, drill hole NN2208 had the strongest downhole individual sample of 5,950 ppm lithium between 45 feet and 50 feet (13.72 metres and 15.24 metres). The average lithium content within all near-surface clay zones intersected in 2022 drilling, applying a 1,000 ppm cut-off, was 3,254 ppm (see the March 29, 2023, press release).

Qualified person as defined under National Instrument 43-101

Alan J. Morris, MSc, CPG of Spring Creek, Nev., a qualified person as defined under National Instrument 43-101, has reviewed and approved the technical aspects of this news release.

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