Surge Battery Metals Inc - Mining Stock Analysis & Updates

Surge Battery Announces New Director

Surge Battery Metals Closes Financing

Surge Battery Metals Provides Corporate Update and Announces Financing

Surge Battery Metals Inc. provides a corporate update, noting challenges in securing funding from a strategic U.S. investor due to regulatory issues. Despite this, the company is advancing its Nevada North Lithium Project and plans a $3 million private placement to support ongoing work.

Surge Receives Positive Record of Decision on its Exploration Plan of Operations Permit at the Nevada North Lithium Project

Surge Battery Metals Inc. has received BLM approval for the Nevada North Lithium Project's Exploration Plan of Operations, increasing disturbance from 5 to 250 acres for exploration drilling and related activities, while committing to environmental protection and reclamation efforts.

Surge's Nevada North Lithium Project Moves to the 30-Day National Environmental Policy Act (NEPA) Environmental Assessment Public Comment Period

Surge Battery Metals Inc. has initiated a 30-day public comment period for its Exploration Plan of Operations and Reclamation Plan Permit Application for the Nevada North Lithium Project, allowing expanded drilling and environmental assessments by the Bureau of Land Management.

Surge Files NI 43-101 Technical Report

Surge Battery Metals Inc., a Canadian-based mineral exploration company, has filed a technical report on SEDAR detailing the mineral resource estimate for the Nevada North Lithium Project in Elko Country, Nevada, USA. The report was required under NI 43-101 due to the mineral resource estimate disclosed in September 2024. Authors Bruce M. Davis and Jeffrey D. Phinisey, both Qualified Persons under NI 43-101, reviewed and approved the information. The Nevada North Lithium Project, owned by Surge, focuses on exploring for high-grade lithium metal, crucial for powering electric vehicles. Surge aims to contribute to the sustainable future of the electric vehicle industry through its active engagement in lithium exploration.

Surge Announces Extension to Property Purchase Agreement Announced on August 22, 2024 and Sale of Nickel Property

Surge Battery Metals Inc. has announced an amendment to its property purchase and sale agreement with M3 Metals Corp. This agreement involves M3 Metals selling its rights to the Texas Springs Properties to Surge Battery Metals, in exchange for 1,200,000 common shares. The initial agreement required regulatory approval and completion of the transaction by October 31, 2024. However, due to the requirement for Surge to obtain shareholder approval, the deadline has been extended to June 30, 2025. No date for the shareholder meeting has been set yet.

Surge Battery Metals Achieves Successful Lithium Clay Beneficiation with Nevada North Project Sample Resulting in a 25% Lithium Grade Increase

Surge Battery Metals Inc. has reported a 25% increase in lithium grade and retention of 87% of lithium for the Nevada North Lithium Project, following testing conducted at Sepro Mineral Systems in partnership with Kemetco Research. These results are expected to be included in a Preliminary Economic Assessment set to be released in Q1 2025. The company also reported continued work on mineral processing and metallurgical techniques aimed at increasing efficiencies and reducing lithium recovery costs. The testing process involved a Falcon C Concentrator which could be incorporated into future plant design due to its potential for scalability.