29 Sep 2023
Surge Battery Metals Inc. (TSXV: NILI, OTCQX: NILIF, FRA: DJ5C), a pure-play lithium company focused on its flagship claystone project Nevada North Lithium Project in Elko County, Nevada, has qualified to trade on the OTCQX Best Market. Surge upgraded to OTCQX from the OTCQB Venture Market. Surge begins trading today on OTCQX under the symbol NILIF.
Mr. Greg Reimer, Chief Executive Officer, and Director commented: “We are very pleased to advance to the OTCQX in order to provide our US investors with enhanced value in trading our securities.”
The Biden administration’s report, issued in September 2023, includes recommendations to help modernize mining regulations. "Now is the time for governmental authorities to work hand in hand with miners to expedite permitting and ensure that America has access to an ample supply of lithium to play a greater role in the world’s energy shift," writes Surge Battery Metals' CEO Greg Reimer.
“While the sentiment of ensuring stringent protections for the environment is laudable, the reality is that miners in America are already jumping through hurdle after hurdle to ensure that their mining projects rigorously protect the indigenous population, wildlife, and plants,” says Reimer. “By creating more hurdles for miners which include duplicative steps; we are lengthening the time it takes to bring a new lithium mine online.”
Reimer is an accomplished leader who has held several senior government roles in British Columbia. “Claystone exploration represents an entirely new means of extracting lithium from vast untapped claystone-hosted supplies in the U.S. The milestone deals with ioneer and Ford, and GM and Lithium Americas — along with the State of Nevada and US Dept of Energy’s financial commitment — clearly demonstrating the viability of lithium-bearing clays as a lithium source,” says Reimer. Reimer previously served as EVP of Transmission and Distribution for BC Hydro, the province’s primary electric utility serving 4 million customers with $5.5B in annual revenue.
"It's imperative that we develop a North American lithium supply chain," said Graham Harris, Chairman and Director of Surge Battery Metals, Inc., who sold his last lithium company last year to Lithium Americas for $490M on BNN Bloomberg.
Surge Battery Metals I https://surgebatterymetals.com/