Surge Battery Metals Inc. (TSXV: (NILI) OTCMKTS: (NILIF) is engaged in the exploration of high-value battery metals required for the electric vehicle (EV) market.
5 Key Factors That Make Surge Battery Metals….
– The Wall Street Journal reported that demand for lithium increased 240% from May to November 2021.
– The company’s well-positioned and massive mining portfolio has five promising projects across two of the world’s friendliest mining jurisdictions.
– Surge Battery Metals is well-capitalized, fully-funded for 2022 exploration with $4.2 Million in working capital.
– The company’s closest neighbors include major companies with highly successful late-stage exploration programs.
– Lithium hits ‘Ludicrous Mode’ as battery metals are in short supply with massive demand –Bloomberg.
And to back all that up, the company has a debt-free balance sheet with $4.2 million in liquid capital; fully funding their planned exploration for the next year, and locking in enough runway for roughly another year after that (with options to increase that cash hoard up to $8MM via warrants if needed).
This is the perfect add to watch-list stock and do your due diligence.
This business has huge potential, so check out this article for a further analysis on the company.
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Disclaimer: “This User has been paid $200USD by a third party to provide coverage on 04/11-14/2022 for Surge Battery Metals Inc. (NILIF).”
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