23:05:20 EDT Thu 09 May 2024
Enter Symbol
or Name
USA
CA



Surge Battery Metals Inc
Symbol NILI
Shares Issued 147,591,715
Close 2023-08-30 C$ 0.76
Market Cap C$ 112,169,703
Recent Sedar Documents

Surge Battery hires Kautz as Nevada North consultant

2023-08-31 11:54 ET - News Release

Mr. Greg Reimer reports

SURGE BATTERY METALS ENGAGES KAUTZ ENVIRONMENTAL CONSULTANTS AT THE NEVADA NORTH LITHIUM PROJECT

Surge Battery Metals Inc. has retained Kautz Environmental Consultants Inc. to provide services relating to cultural resource impacts at Surge's Nevada North lithium project (NNLP).

Surge Battery Metals is underway with preparation of an exploration plan of operations and a reclamation plan for the Nevada North Lithium Project. As part of preparations of these plans, compliance with the National Historic Preservation Act (NHPA) is necessary. This legislation requires the project to account for impacts to certain cultural resource properties and assess the project's effects on those properties.

Kautz has been retained to provide a scope of services that include a preliminary review of the project and obtaining the necessary permits, a Class III field investigation and documentation of all cultural resources encountered followed up by a report documenting all archaeological sites identified and evaluating them in accordance with the NHPA.

Kautz has extensive knowledge and experience with large Class III projects in the general vicinity of the proposed NNLP project. In addition, Kautz has a team of professional archaeologists with the knowledge and expertise to complete the scope of work consistent with Surge's plan of operations project completion schedule.

Surge Extends Life Water Media Agreement

On May 4, 2023, the Company announced by news release that it had entered into a Media Services Agreement (the "Agreement) with Life Water Media dated May 1, 2023. The Agreement provided that it could be renewed or extended by the Company and Life Water Media at the end of the initial term. The Company and Life Water Media have agreed in an amendment dated today's date that the Agreement is to be extended for three (3) months for a total of US$200,000 in payment. The extension may be subject to further TSX Venture Exchange approval.

Mr. Greg Reimer, Chief Executive Officer, and Director commented "Sustainable development is a cornerstone of our values, and we are pleased to have Kautz engaged on this very important work. We look forward to working with Kautz and building relationships with local cultural communities."

Qualified Person as Defined Under National Instrument 43-101

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

About Surge Battery Metals Inc.

The Company is a Canadian-based mineral exploration company active in the exploration for lithium in Nevada whose 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 the Nevada North Lithium Project, located in the Granite Range southeast of Jackpot, about 73 km 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 meters from drillhole NN2205 in the north to drillhole 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 meters, 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 drilling and surface soils sampling, which indicate an extensive area of enrichment beyond the drilling pattern tom date. Drillhole NN2207 intersected the thickest intervals of lithium-rich claystone encountered to date; a total of 120.4 meters (395 feet) averaging 3,943 ppm lithium in four zones. Additionally, drillhole NN2208 had the strongest downhole individual sample of 5,950 ppm lithium between 45 and 50 feet (13.72 and 15.24 meters). The average lithium content within all near surface clay zones intersected in 2022 drilling, applying a 1000 ppm cut-off, was 3254 ppm. (news release March 29, 2023)

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