The Nevada North Lithium Project has always been framed as a made in America project, built for Americans.
A NASDAQ listing opens the door for a broader base of US investors to follow the project and participate as the Company advances toward its PFS.
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Surge Battery Metals Announces Strategic Funding To Fast Track The Nevada North Lithium Project, Co-Led By Brian Paes-Braga And Michael Hess
๐: https://t.co/3Gze874tJI
(๐จ๐ฆ $NILI.v | ๐บ๐ธ $NILIF | ๐ฉ๐ช#X0D)
Huge news from $NILI $NILI.V today. What does it mean??
Getting a lithium project from resource to a construction decision costs serious money, and the question has never been whether dilution happens โ it's who you take that dilution from, and what they bring to the table.
over is go out and raise over $100 million for this company and find exactly the kind of capital partners who can move this project to a construction decision. If Nevada North weren't a compelling asset, Evolution Mining, Brian Paes-Braga, and Michael Hess wouldn't be here.
Huge news from $NILI $NILI.V today. What does it mean??
Getting a lithium project from resource to a construction decision costs serious money, and the question has never been whether dilution happens โ it's who you take that dilution from, and what they bring to the table.
Board of Directors. That is a different level of commitment. The financing โ will bring treasury to approximately $70 million, which fully funds the project to FID.
The prior share structure is what it is โ this management team inherited it. What they have done since taking
Same rock. Different math.
@SurgeBattery holds the highest grade lithium clay resource in the United States.
Grade is what separates the low-cost projects from the rest.
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Check out our latest research report on @SurgeBattery
entitled โNext LAC off the rank?โ
Our thesis:
โข Sedimentary Lithium Mispriced: The equity market continues to assign sedimentary lithium projects a material discount vs Hard Rock and DLE, despite lower technical risk than DLE and a simpler, integrated route than Hard Rock.
โข Nevada North vs Thacker Pass: Nevada North is almost 50% higher grade than Thacker Passโs total resource and c.20% higher grade than Thacker Passโs reserve, with recent drilling identifying zones above 4,000ppm Li.
โข Shallow & Scalable: Mineralisation at Nevada North starts from surface or depths of just 5โ15m, which should mean less material moved, lower strip, and potentially lower capex and opex.
โข Strategic Backing: Evolution Mining owns 29.46% of the Nevada North JV and has fully funded the project through PFS, which should improve financing flexibility and reduce future dilution risk.
Bottom Line: $NILI.v is following the road already opened by Lithium Americas at Thacker Pass, but with a project we believe is higher grade, shallower, scalable and potentially lower cost. As the market becomes more comfortable with sedimentary lithium, we believe Surge deserves a materially higher valuation than it is currently being assigned.
Read the full research report here: https://t.co/XDsu4glDFe
New Research Initiated ๐จ
@matt_fernley from @RKEquityRocks Initiates Research Coverage on Surge Battery Metals
๐The Report: https://t.co/4tLG3aFEmw
(๐จ๐ฆ $NILI.v | ๐บ๐ธ $NILIF | ๐ฉ๐ช#X0D)
The Nevada North Lithium Project is the highest-grade lithium clay resource in the United States.
Key highlights:
ยท 87% Inferred to M&I conversion
ยท 10.5 Mt LCE M&I at 3,007 ppm Li
ยท 6.7 Mt high-grade core at 3,820 ppm Li
ยท 4,196 ppm at the 640m step-out
ยท No boundary established by drilling
https://t.co/Qi9dbszltP
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Speaking on a recent @RKEquityRocks discussion, @SurgeBattery CEO Greg Reimer described what makes the Nevada North Lithium Project distinct as it advances toward its Pre-Feasibility Study.
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