The bulls had a firm grasp of Surge Battery Metals, Inc. (OTC Pink: NILIF) stocks reins in April, sending prices over 28% higher to $0.20 last week. But the better news for those long or just introduced is that NILIF is better positioned today than ever for growth in 2023. In fact, several announcements indicate that in addition to NILIF strengthening its asset base, it’s also expediting drill programs that could accelerate them tapping into significant revenue-generating opportunities this year. In other words, the April gains could be the precursor to better moves ahead. And they may not even need to drill to inspire that move.
Proving they are sitting on metals and minerals stockpiles can be enough to support and justify higher share prices. They have done that. And factoring in news about accelerating manufacturing from potential clients in its target markets, including a growing number of EV manufacturers needing metals and minerals to create battery power sources for their products, gains for NILIF stock, even pre-drill, can be more than appreciable; they can be potentially exponential.
Speculative, yes. But it’s no secret that companies like Tesla (NASDAQ; TSLA), Ford (NYSE: F), and General Motors (NYSE: GM) are aggressively bidding for the types of output NILIF intends to market. Tesla has put itself in the headlines suggesting it wants to create its own lithium production facility. Wishful thinking or not, Tesla’s message is clear. They will buy and/or source as many precious minerals and metals as possible to power their vehicles. What choice do they have- without batteries, Tesla vehicles are only shiny showroom pieces.
Multi-Sector Demand Positions Surge For Growth
Frankly, all EVs would be. And while Tesla is more demonstrative about its intent, purchasing lithium claims on 10,000 acres in Nevada, perhaps the quickest and most efficient path to securing necessary ingredients is to go to companies already positioned or positioning to deliver. That includes NILIF, which is more than blazing its trail to provide; important from an investor’s perspective, they are increasing its capacity to do so.
Last month, Surge Battery announced entering into an option agreement with Nickel Rock Resources Inc. to acquire the remaining 20% interest in the HN4 and the N100 mineral claims in central British Columbia. This new agreement enhances an existing one where NILIF had a Property Option Agreement to earn an undivided 80% interest in specific mineral claims from Nickel Rock, a project comprising two non-contiguous mineral claims groups of six separate blocks in central British Columbia. They are of significant size and depth.
One of the claims in the Mount Sidney Williams area (claim HN4) covers 1863 hectares (approx 4603 acres) immediately south of and adjacent to the Decar Project. That project is already being advanced by FPX Resources, including 5 claims in the Mitchell Range area, northeast of Decar (N100 Group), covering 8659 hectares (approx 21,396 acres). Here’s the benefit to Surge Battery. As a result of the newest consolidation agreement, Surge Battery Metals will own a 100% undivided ownership in the claims, three of them subject to 2% net service revenue. Both projects target the nickel/iron alloy mineral “Awaruite” and are hosted by serpentinized intrusive rocks of the Trembleur Ultramafic Unit that also hosts, regionally, two large-scale nickel/iron deposits under exploration and development by FPX Nickel Corp (OTC Other: FPOCF).
Once these claims transfer, the consolidation into a 100% ownership position in the HN4 and N100 group of claims provides NILIF with much greater flexibility when charting future exploration activities for the Surge Nickel Project. Keep in mind that the properties have already demonstrated metallic mineralization, including nickel, cobalt, and chromium. Notably, while nickel and cobalt mineralization on the properties have yet to be intensely explored for nickel’s presence in the nickel/iron alloy, awaruite has recently been documented. While all three present a trifecta of revenue-generating opportunity, developing the potential inherent to just the latter can justify and support a sustainable boost to NILIF’s valuation.
An Impressive Asset Portfolio Supporting Higher Valuations
Reaching that potential, of course, takes money. Surge Battery checks that box after completing its previously announced private placement that raised total gross proceeds of $908,082 subject to final Exchange approval. Those funds were raised with intent.
Part of it is expected to expedite the development of its significant 2022 lithium clay discovery at its Nevada North Lithium Project (NNLP), a plan in motion after receiving approval from the Nevada Bureau of Land Management (BLM) permitting the next stage of drilling to further delineate this high-grade target. According to Surge management, plans call to drill seven new locations within an extensive surface geochemical covering an area of about 1,700 meters east-west in mid-May 2023, subject to weather conditions. The drill program will occur in two bands, each roughly 300 to 400 meters wide, outlining a highly anomalous zone containing abundant sample points greater than 1,000 ppm lithium with samples as high as 5,950 ppm.
This next stage can be transformational for Surge Battery Metals. And after earning the approvals to commence the expanded drill program, that can happen faster than many think. In fact, related to its Nevada North Project and following the success of its 2022 drill program, the opportunities for NILIf have expanded considerably. Moreover, the seven newly proposed drill locations can strengthen that proposition further by assessing the deposit size of its lithium claystone resource at NNLP. The project’s scope isn’t random. These new drill targets have been selected to expand the currently identified lithium deposit to the west and north and, simultaneously, to determine continuity between the most northern and most southerly holes drilled in 2022’s maiden drill program.
Prior work promotes reasons for optimism. The first round of drilling, completed in December 2022, identified a strongly mineralized zone of lithium clay mineralization over a strike length of almost 1,620 meters from NN2205 in the north to NN2208 in the south. Widths of the mineralized horizons are not as well determined since the holes are mostly on a north-south alignment but are at least 400 meters wide, supported by highly anomalous soil values indicating the potential for these horizons to be much more significant. The industry language is technical.
So, in simpler terms, what’s been shown is the potential for a significant lithium deposit. Surge noted that calculus is exemplified by hole NN2207 which 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. Hole NN2208 had the most potent downhole individual sample of 5,950 ppm lithium between 45 and 50 feet (13.72 and 15.24 meters) of the maiden 2022 program. The company added that the average lithium content within all near-surface clay zones intersected in 2022 drilling, applying a 1000 ppm cut-off, was 3254 ppm.
Bullish Prospects For Surge In 2023
All of the above contributes to a logical assumption: Appreciating the potential of NILIF’s programs and prospects, current valuations of $0.20 fall short of what a more detailed and thoughtful appraisal might generate. Even single parts of the whole support a steepening of its share price, including its Nevada Lithium Projects, where NILIF owns a 100% interest in 225 mineral claims located in Elko County, Nevada. Another asset in Nevada is its Nevada North Lithium Project in the Granite Range southeast of Jackpot, Nevada, targeting value from a lithium clay deposit in volcanic tuff and tuffaceous sediments of the Jarbidge Rhyolite package.
There’s more. Also in Nevada, NILIF has a Property Option Agreement to earn an undivided 80% interest in 16 mineral claims comprising 640 acres located within Nevada’s San Emidio Desert, known as the Galt Property. Recent mineral exploration has generated encouraging samples that show a considerable means to turn ambitions into revenues. Finally, NILIF’s 100% interest in 663 ha (1,640 acres) property in the Teels Marsh Project, located in Mineral County, Nevada, can also be a value driver, noting it is an active region for lithium exploration and production.
Best of all, NILIF is developing its potential in the right markets at the right time. Despite occasional pricing pressures, the long-term trend for metals and minerals prices, driven by soaring demand, is higher. And with limited supply and the absolute need for lithium to create rechargeable lithium-ion batteries, that bullish trajectory is not likely to weaken. For Surge, it’s an opportunity that is in play. And as an ESG (Environmental, Social, and Corporate Governance)-mandated company, they could seize upon opportunities faster than even the large-cap miners in the space.
Hence, describing NILIF as deserving of blue-chip value is not a stretch. They have the team, the capital, the assets, the locations, and the know-how to transform itself from an exploration company into a miner that can unearth value for itself, its shareholders, and a growing list of current and potential clients needing what NILIF intends to deliver.
Thus, while the window of opportunity at current prices may be short-lived, the demand from a global mission to go green won’t be. It’s a long-term market opportunity putting many billions of dollars in play, and with an impressive asset portfolio in proven territories, those dollars are better than a target; they are likely in the NILIF crosshairs. In other words, acting on the disconnect sooner than later may be wise.
Disclaimers: Shore Thing Media, LLC. (STM, LLC.) is responsible for the production and distribution of this content. STM, Llc. is not operated by a licensed broker, a dealer, or a registered investment adviser. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. Our reports/releases are a commercial advertisement and are for general information purposes ONLY. We are engaged in the business of marketing and advertising companies for monetary compensation. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. The information made available by STM, Llc. is not intended to be, nor does it constitute, investment advice or recommendations. The contributors may buy and sell securities before and after any particular article, report and publication. In no event shall STM, Llc. be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or made available by STM, Llc., including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information in this video, article, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. STM, Llc. strongly urges you conduct a complete and independent investigation of the respective companies and consideration of all pertinent risks. Readers are advised to review SEC periodic reports: Forms 10-Q, 10K, Form 8-K, insider reports, Forms 3, 4, 5 Schedule 13D. For some content, STM, Llc., its authors, contributors, or its agents, may be compensated for preparing research, video graphics, and editorial content. STM, LLC. Has been compensated up to ten-thousand-dollars via cash wire to produce and syndicate content for Surge Battery Metals, Inc. For a two-week period ending on May 12, 2023. STM, LLC.has been previously compensated up to twenty-thousand-dollars via wire transfer to produce and syndicate content for Surge Battery Metals, Inc. for a period lasting one month ending on May 6, 2022. Please read the full disclaimer at https://primetimeprofiles.com/
As part of that content, readers, subscribers, and website viewers, are expected to read the full disclaimers and financial disclosures statement that can be found on our website by visiting primetimeprofiles.com/disclaimers.
The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled.
