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Surge Exploration Inc ( (TSE:NILI) ) has shared an update.
Surge Battery Metals Inc. announced that a strategic investor has decided not to proceed with financing after extensive due diligence and regulatory review. Despite this setback, the company continues to advance its Nevada North Lithium Project, receiving a positive permit decision and planning further drilling and a Preliminary Economic Assessment (PEA). Additionally, Surge announced a non-brokered private placement to raise $3 million, which will fund the completion of the PEA and ongoing operations.
More about Surge Exploration Inc
Surge Battery Metals Inc. is a Canadian-based mineral exploration company focused on securing domestic lithium supply through its Nevada North Lithium Project. The company is strategically positioned in the lithium sector, contributing to the sustainable future of the electric vehicle industry by exploring high-grade lithium energy metals in Nevada, USA.
YTD Price Performance: 4.17%
Average Trading Volume: 160,728
Technical Sentiment Signal: Buy
Current Market Cap: C$61.88M
For detailed information about NILI stock, go to TipRanks’ Stock Analysis page.