10:46 AM EDT, 10/29/2024 (MT Newswires) -- Surge Battery Metals ( NILIF ) was at last look down near 3% after saying test work performed at Sepro Mineral Systems, in conjunction with Kemetco Research, has resulted in a 25% boost in the lithium grade while retaining 87% of the lithium for the Nevada North Lithium Project (NNLP) lithium claystone sample provided.

"Nevada North is already home to the highest-grade lithium clay resource in the USA. The ability to economically upgrade our mineralization boosts our confidence that the NNLP could emerge as a major producer of low-cost, battery-grade lithium for the U.S. domestic battery market," said Greg Reimer, Chief Executive Officer.

Surge will incorporate these results in its Preliminary Economic Assessment (PEA) scheduled for release in the first quarter of next year.

Surge was last seen down $0.015, to $0.495, on the TSX Venture Exchange.

Price: 0.50, Change: -0.02, Percent Change: -2.94