Surge Battery Metals ($NILIF) in Focus as the U.S. Passes Inflation Reduction Act Placing a Big Bet on Battery Metals

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Surge Battery Metals ($NILIF) in Focus as the U.S. Passes Inflation Reduction Act Placing a Big Bet on Battery Metals

October 04
05:10 2022
The recent Inflation reduction act passed by the U.S aims to build electric vehicle (EV) supply chains within the US, responding to the growth of China’s EV industry.

As the world gradually transitions to Electric Vehicles (EVs), demand for so-called “Green Metals” used in the production of batteries is soaring even faster. Minerals like Copper, Nickel, and Lithium are integral to the process of battery construction, so demand is skyrocketing as more major automakers begin to produce their own EVs. Even Bloomberg is noticing the lithium trend as battery metal extends 400% gain. “(Lithium) producers can reap huge profits amid warnings of deep deficits” (13).

The recent Inflation Reduction Act focuses on Battery Metal Exploration in North America to reduce U.S. dependence on foreign sources (16). The act names 50 “applicable critical minerals” for the energy transition in section 45X(c)(6). Most of these will hold few surprises for miners; the list includes battery metals cobalt and lithium, as well as several other s-block metals such as cesium and beryllium. The list also specifies almost all rare earth metals, including neodymium, which is used in powerful turbine magnets. The bill also aims to build electric vehicle (EV) supply chains within the US, responding to the growth of China’s EV industry.

One company that could be well positioned for this unparalleled opportunity is Surge Battery Metals Inc. (OTC: NILIF) (TSXV: NILI). Surge Battery Metal’s well-positioned and impressive exploration portfolio has four promising projects across two of the world’s friendliest mining jurisdictions (21). Surge Battery Metals has begun drilling on its Nevada North Lithium property, which has already yielded significant soil sample results with lithium values of up to 5,120 ppm (0.51%) (17). Further, the Company’s nickel exploration project’s most recent soil samples returned results of up to 2,361ppm (0.26%) (18). In addition, NILIF is well-capitalized, and fully funded for 2022 exploration with $2.2 Million in working capital (19).

To read more about the key factors that Could Potentially Make Surge Battery Metals… For the Market’s “Best-In-Class” Battery Metal Explorer click HERE.

Video Link: https://www.youtube.com/embed/8l6C7Kj4-jY

NILIF is currently trading at mere $0.0577 on the OTC Stock Exchange. Earlier on Sep 22, Surge Battery Metals Inc (TSXV:NILI)(OTC PINK:NILIF)(FRA:DJ5C) announced that the first stage of a planned CAD$440,000 detailed geological mapping, soil and rock sampling survey on its 80% owned Nickel Project has been completed. It appears that the market is yet to react to this favorable news and as news spreads we could potentially observer an increase interest from Wall Street.  

Some of the other notable movers from Monday to place on top of your radar are Federated National Holding Co Common Stock (NASDAQ: FNHC), FingerMotion Inc (NASDAQ: FNGR), Avenue Therapeutics Inc (NASDAQ: ATXI), Sobr Safe Inc (NASDAQ: SOBR) and Tesla Inc (NASDAQ: TSLA)

 

Sources:

Source 13 https://www.bloomberg.com/news/articles/2022-01-24/lithium-hits-ludicrous-mode-as-battery-metal-extends-400-gain

Source 16 https://www.supplychaindive.com/news/biden-signs-inflation-reduction-act-in-boost-to-us-electric-vehicle-product/629854/

Source 17: https://surgebatterymetals.com/surge-battery-metals-increases-nevada-north-project-claim-area-to-cover-large-lithium-anomaly-2/)

Source 18: https://surgebatterymetals.com/surge-battery-metals-announces-successful-completion-of-its-phase-1-exploration-program-on-the-hn4-nickel-project-located-in-northern-british-columbia/)

Source 19: https://www.otcmarkets.com/otcapi/company/financial-report/344699/content

Source 21: https://surgebatterymetals.com/wp-content/uploads/2022/09/Surge-Battery-Metals_Corporate-Presentation_v1.24_2022-08-30.pdf

 

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