NILI:CC - Surge Battery Metals Announces the Appointment of Mr. Iain Scarr B.Sc. MBA as Director
(TheNewswire)
May 1, 2023 – TheNewswire - WestVancouver, BC - Surge Battery Metals Inc. (the “ Company ” or“ Surge ”) (TSXV:NILI ) , ( OTC:NILIF ) , ( FRA:DJ5C) is pleased to announce that Iain Scarr has joinedthe Board of Directors of the Company, effective immediately. Mr. Scarr has a BSc in geology from California StateUniversity and an MBA from the University of SouthernCalifornia.
During a 29-year tenure with Rio Tinto, including hislatest position as Commercial Director and VP Exploration, IndustrialMinerals Division, Mr. Scarr was responsible for multiple mineraldiscoveries in North and South America and Africa. Under that title heworked on initial testing and commercialization activities for theJadar lithium-borosilicate resource in Serbia. Following his work withRio Tinto, Mr. Scarr founded IMEX Consultants, an industrial mineralsconsultancy that operates across the entire value chain, from mineralexploration to mine and refinery development and commercializationspecializing in lithium, boron, potash, and sodium alkaliresources.
In recent years, Iain held a senior role with LithiumOne Inc., where he was responsible for bringing the Sal de Vidalithium brine project in Argentina through feasibility, a projectsubsequently merged with Orocobre Limited. He participated in thedevelopment of the Rincon Lithium Project with Enirgi Group Corp(subsequently acquired by Rio Tinto for $825 million). His thirdlithium success came in the role of Director and V.P. Exploration forMillennial Lithium Corp. which resulted in the sale of the PastosGrandes Lithium Project to Lithium Americas Corp for $400million.
Greg Reimer, President, and CEO commented “We areexcited that Iain is joining the Board of Surge Battery Metals as wecontinue to build a strong team with solid Lithium experience. Iainbrings a wealth of knowledge to our Company as exemplified by animpressive track record of exploration successes in South America andelsewhere. Going forward, Iain will be actively involved in the growthand development of the Company’s flagship asset, the Nevada NorthLithium Project. We are fortunate to have enlisted Iain’s expertiseand I look forward to advancing our exploration and developmentactivities in Nevada in the months ahead”.
About Surge Battery Metals Inc.
The Company is a Canadian-based mineral explorationcompany active in the exploration for lithium in Nevada whose primarylisting is on the TSX Venture Exchange. The Company's maintains afocus on exploration for high value battery metals required for theelectric vehicle (EV) market.
About the Nevada North LithiumProject
The Company owns a 100% interest, without anyroyalties, in the NevadaNorth Lithium Project, consisting of 243mineral claims, located in the Granite Range southeast of Jackpot,about 73 km north-northeast of Wells, Elko County, Nevada. The first round of drilling, completed inOctober 2022, identified a strongly mineralized zone of lithiumbearing clays occupying a strike length of almost 1,620 meters fromdrillhole NN2205 in the north to drill hole NN2208 in the south.Widths of the mineralized horizons are not well determined since theholes are mostly on a north-south alignment, however, widths are atleast 400 metres, supported by highly anomalous soil values indicatingpotential for the clay horizons to be much greater in extent. Thepotential for a significant lithium deposit can be illustrated by theresults of drillhole NN2207 which intersected the thickest intervalsof lithium-rich claystone encountered to date; a total of 120.4 metres(395 feet) averaging 3,943 ppm lithium in four zones. Additionally,drillhole NN2208 had the strongest downhole individual sample of 5,950ppm lithium between 45 and 50 feet (13.72 and 15.24metres). The average lithiumcontent within all near surface clay zones intersected in 2022drilling, applying a 1000 ppm cut-off, was 3254 ppm.
Grant of Stock Options
The Company wishes to announce that it has granted atotal of 400,000 stock options, exercisable for a period of fiveyears, at an exercise price of $0.27 a share to Mr. Scarr.
Qualified Person as Defined UnderNational Instrument 43-101
Alan J. Morris, MSc, CPG ofSpring Creek, Nevada, a Qualified Person as defined under NationInstrument 43-101 has reviewed and approved the technical aspects ofthis news release.
On behalf of the Board ofDirectors
“Greg Reimer”
Greg Reimer,
President & CEO
Contact Information
Email: info@surgebatterymetals.com
Phone: 778-945-2656
Website: surgebatterymetals.com
Neither the TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.
This document may contain certain “Forward-LookingStatements” within the meaning of the United States PrivateSecurities Litigation Reform Act of 1995 and applicable Canadiansecurities laws. When used in this news release, the words“anticipate”, “believe”, “estimate”, “expect”,“target, “plan” or "planned", "possible","potential", “forecast”, "intend", “may”,“schedule” and similar words or expressions identifyforward-looking statements or information. These forward-lookingstatements or information may relate to future prices of commoditiesincluding lithium and nickel, the accuracy of mineral or resourceexploration activity, reserves or resources, regulatory or governmentrequirements or approvals including approvals of title and miningrights or licenses and environmental, local community or indigenouscommunity approvals, the reliability of third party information,continued access to mineral properties or infrastructure or water,changes in laws, rules and regulations including in the United States,Nevada or California or any other jurisdiction which may impact uponthe Company or its properties or the commercial exploitation of thoseproperties, currency risks including the exchange rate of USD$ forCdn$ or other currencies, fluctuations in the market for lithiumrelated products, changes in exploration costs and governmentroyalties, export policies or taxes in the United States or any otherjurisdiction and other factors or information. The Company’s currentplans, expectations and intentions with respect to development of itsbusiness and of its Nevada properties may be impacted by economicuncertainties arising out of any pandemic or by the impact of currentfinancial and other market conditions (including US governmentsubsidies or incentives) on its ability to secure further financing orfunding of its Nevada properties. Such statements represent theCompany’s current views with respect to future events and arenecessarily based upon a number of assumptions and estimates that,while considered reasonable by the Company, are inherently subject tosignificant business, economic, competitive, political, environmental(including endangered species, habitat preservation and water relatedrisks) and social risks, contingencies and uncertainties. Manyfactors, both known and unknown, could cause results, performance orachievements to be materially different from the results, performanceor achievements that are or may be expressed or implied by suchforward-looking statements. The Company does not intend, and does notassume any obligation, to update these forward-looking statements orinformation to reflect changes in assumptions or changes incircumstances or any other events affecting such statements andinformation other than as required by applicable laws, rules andregulations.
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