11:07 AM EDT, 04/04/2024 (MT Newswires) -- Surge Battery Metals Inc. ( NILIF ) on Thursday reported an entry and exploration agreement with the Salmon River Cattlemen's Association. A statement said the agreement extends permission for Surge to launch drilling and other surface use on the parcels of the association's private ground where Surge already holds fractional ownership of the sub-surface mineral rights.

Surge plans to drill four reverse circulation holes on the SRCA parcels to test extensions of high-grade lithium mineralization outlined in previous Surge drilling to the north of the private parcel and high-grade soil geochemistry. Additionally, the company plans to drill another four holes on claims held by Surge and claims with its joint venture partner M3 Metals Corp. ( MLGCF )

The drilling is scheduled to start by the end of May.

The company's stock was down 1.1% on last look on Thursday in Canada.