- Surge Battery Metals (TSXV:NILI) announced that The Quaternary Group increased its stake in the company from 5.7 per cent to 7.8 per cent on an undiluted basis, or 11.3 per cent to 13.3 per cent on a diluted basis, through the purchase of 2,539,000 shares
- The investment grants the institution robust exposure to Surge’s 5,265-hectare Nevada North lithium project, the highest-grade lithium clay deposit in the United States
- The lithium mining stock has added 140.54 per cent year-over-year
Surge Battery Metals (TSXV:NILI) announced that The Quaternary Group increased its stake in the company from 5.7 per cent to 7.8 per cent on an undiluted basis, or 11.3 per cent to 13.3 per cent on a diluted basis, through the purchase of 2,539,000 shares.
The investment grants the institution robust exposure to Surge’s 5,265-hectare Nevada North lithium project, the highest-grade lithium clay deposit in the United States, which delivered a 2025 preliminary economic assessment detailing a net present value of US$9.21 billion and production of 3.6 million tons of battery-grade lithium carbonate equivalent over a 42-year mine life.
According to the news release tied to Quaternary’s initial investment in October, the Group believes that “the US government and the stock market will come to realize the critical role lithium must play in the transformation of our increasingly energy intensive AI-economy and how Surge Battery Metals is central to that realization given its best-in-class resource.”
The news follows Quaternary’s investment in Millennial Potash (TSXV:MLP) in December, raising its stake to 32.02 per cent on a fully diluted basis.
Surge Battery Metals stock (TSXV:NILI) is up by 3.49 per cent trading at C$0.89 as of 10:47 am ET. The stock has added 140.54 per cent year-over-year.
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