06:12:15 EDT Fri 10 May 2024
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or Name
USA
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Surge Battery Metals Inc
Symbol NILI
Shares Issued 158,176,436
Close 2023-11-20 C$ 0.58
Market Cap C$ 91,742,333
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Surge Battery submits Nevada North plan of operations

2023-11-21 13:06 ET - News Release

Mr. Greg Reimer reports

SURGE BATTERY METALS FILES EXPLORATION PLAN OF OPERATIONS FOR THE NEVADA NORTH LITHIUM PROJECT

Surge Battery Metals Inc. has submitted to the Bureau of Land Management (BLM) an exploration plan of operations and reclamation plan permit application (EPO) for its high-grade lithium clay discovery at Nevada North (NNLP).

The approved plan will provide for up to 250 acres of disturbance compared with the currently authorized five acres. This major permitting milestone, once approved, will allow for infill drilling to further define the current mineral resource area and allow for possible expansion of the known deposit through stepout drilling. The results of these activities will be used for an updated mineral resource calculation and to advance further economic studies.

Proposed activities in the EPO also include installation of groundwater wells to support hydrogeologic baseline characterization, performing additional metallurgical characterization and testing, and completion of geotechnical investigations.

The BLM is responsible for preparing an environmental assessment under the National Environmental Policy Act (NEPA). Required biological studies, a Class III cultural inventory and a preliminary hydrologic baseline evaluation were completed by Surge in the 2023 field season. To support the NEPA review, Surge will move forward on the permitting path working closely with the BLM.

Greg Reimer, chief executive officer and director, commented: "We are extremely pleased to achieve this significant milestone in the development of the NNLP, at this stage of exploration. The expanded program, once approved, will allow us to continue to define the size of the mineralization of the NNLP. In the interim, we continue to plan our 2024 drill program within our remediated five-acre disturbance limit and the ground the company acquired an interest in from M3 Metals Corp."

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.

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 in Canada and the OTCQX Market in the United States. The company maintains a focus on exploration for high-value battery metals required for the electric vehicle (EV) market.

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