Surge Battery Metals Inc (OTCMKTS:NILIF) Stock On Radar After a Key Update

On Thursday Surge Battery Metals Inc (OTCMKTS:NILIF) came on to the news cycle after it reported that back in February this year it had started the Acid Leach Test Work and a Mineral Identification Study via Clay Speciation by X-Ray Diffraction on lithium clays.

Trading Data

On Thursday, NILIF stock soared 1.76% to $0.1730 with more than 41.18K shares, compared to its average volume of 104.58k shares. The stock moved within a range of $0.1630 – 0.1800 after opening trade at $0.1713.

Surge Battery Metals Reports Successful Results from Metallurgical Test Work for the Nevada North Lithium Project

The lithium bearing clays in question has been recovered by the company from the maiden reverse circulation drill initiative for 2022 at its Nevada North Lithium Project. In the Acid Launch Test portion of the initiative, the laboratory facilities of Kappes, Cassiday& Associates had been sent the reverse circulation drill interval samples from the Nevada North Lithium Project.

The results indicated that the assayed and calculated heads had favourable agreement in the test program. It was also inferred that the effective leeching of the lithium could be completed in 24 hours at ambient temperature.

These were some of the main highlights from the particular portion of the initiative. In the latter part of the initiative, the samples from the program had been sent to SGS Natural Resources for the  purpose of analysis by NIR and XRD. The studies would help the company in getting a better understanding of the type of lithium bearing clays that had been recovered.