Surge Battery Metals Inc. (TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5C) delivers an exciting update to its Shareholders.
President’s Yearly Progress Report
This year Surge propelled their Nevada North Lithium Project forward, from unveiling promising drill results in 2022 to advancing their Exploration Plan of Operations permit. Shareholders witnessed fluctuations in lithium prices but the company’s strong year-over-year performance gives hope for a price rebound amid a growing demand/supply gap predicted by experts.
Surge is strategically positioned to supply American-made lithium batteries, bolstered by U.S. policies favoring domestic production. Planned milestones are set to further develop the project, including a maiden Mineral Resource Estimate and optimizing lithium recovery processes.
Upcoming Milestones for 2024
The company is on track to meet pivotal targets in the coming year. Notable events include:
– Filing for increased drilling authorization to expand upon the known lithium clay discovery
– Collaboration with the Bureau of Land Management on permit processing
– Completing a Preliminary Economic Assessment to ascertain NNLP’s financial feasibility
CEO Greg Reimer expresses gratitude for the ongoing support and looks forward to an active and developmental year.
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