- The U.S. government issued an executive order emphasizing the importance of securing a stable and predictable supply of critical minerals, which directs federal agencies to expedite approvals for domestic mineral production projects
- Surge Battery Metals (TSXV:NILI) is advancing the Nevada North Lithium Project in alignment with the “Unleashing American Energy” initiative, recognizing the vast mineral resources the United States possesses
- The Nevada North Lithium Project could play a crucial role in meeting the urgent need for a secure, predictable, and affordable supply of lithium
- Surge Battery Metals stock (TSXV:NILI) last traded at $0.34
The U.S. government issued an executive order emphasizing the importance of securing a stable and predictable supply of critical minerals, including lithium, which are essential for defense, technology, and the burgeoning electric vehicle industry. The order directs federal agencies to expedite approvals for domestic mineral production projects, marking a pivotal step towards revitalizing America’s mineral independence.
Surge Battery Metals (TSXV:NILI), a company working in the lithium mining sector, has expressed strong support for the executive order. The company is advancing the Nevada North Lithium Project in alignment with the “Unleashing American Energy” initiative, recognizing the vast mineral resources the United States possesses. These resources are important for reducing reliance on foreign nations.
“The Nevada North Lithium Project is poised to play a significant role in securing America’s supply of critical minerals, particularly lithium, which is essential for the burgeoning electric vehicle and battery energy storage industry,” Greg Reimer, Surge Battery Metals’ President and CEO said in a news release. “This executive order underscores the importance of projects like ours in reducing reliance on foreign sources and bolstering national security. We are committed to advancing our project responsibly and sustainably, contributing to the local economy and supporting the nation’s clean energy goals.”
Earlier this month, the company received approval from the Bureau of Land Management for the Nevada North exploration plan of operations. This expands the allowable disturbance for exploration drilling and other activities from 20,000 square metres to 1 square km.
The Nevada North Lithium Project is poised to play a crucial role in meeting the urgent need for a secure, predictable, and affordable supply of lithium—a mineral used for transportation, infrastructure, defense capabilities, and the next generation of technology.
The development of the Nevada North Lithium Project is expected to deliver significant economic benefits, generating nearly 2,000 jobs during construction and approximately 350 full-time positions during operations. Additional opportunities will emerge in local communities through ancillary services such as transportation, maintenance, and supplies, reversing the erosion of the Nation’s mineral production caused by past overbearing Federal regulation.
About Surge
Surge Battery Metals Inc. is focused on securing the supply of domestic lithium through its active engagement in the Nevada North lithium project.
The project focuses on exploring clean, high-grade lithium energy metals in Nevada. The company completed the three rounds of drilling, which identified a strongly mineralized zone of lithium-bearing clays occupying a strike length of more than 4,300 metres and a known width of greater than 1,500 metres.
Surge Battery Metals stock (TSXV:NILI) last traded at $0.34 and lost 21.59 per cent since this time last year.
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(Top image via Surge Battery Metals.)
