Any kind of regulatory approval with regards to an exploration project can prove to be a significant boost for any company, and this morning, the Surge Batter Metals Inc. (TSXV: NILI) (OTC: NILIF) stock could be the one to watch. After such an announcement yesterday from the company about a key approval for its Nevada North Exploration Plan of Operations (EPoO), the stock could be worth tracking.
The News
In the news release yesterday, Surge Batter Metals announced that its project had been approved by the Bureau of Land Management. The approval was deemed to have been a major new breakthrough for the Nevada North Lithium Project. More importantly, it would allow the company to expand the amount of permitted disturbance for exploration drilling and other activities to as much as 250 acres.
Further Information
However, that was not all. Surge Battery Metals also announced in the same news release that the latest development would also allow the company to work on the construction of roads as well as cross-country trails. In addition to that, the company also enumerated the key elements of the exploration process. It may be a good time to add Surge Battery Metals to your watch lists.
CEO Comment
Mr. Greg Reimer, Chief Executive Officer and Director, commented, “We are obviously very pleased with the decision of the BLM approving our EPoO permit application for the NNLP and want to thank the BLM for the many months of work in getting to this decision. We have developed our spring/summer drill plan for 2025 and are looking forward to the drilling season and updating our Mineral Resource Estimate later in Q4 2025.”
Technicals
| +/- EMA(20) | 0.26 (+0.00%) |
| +/- SMA(50) | 0.26 (+0.00%) |
| +/- SMA(200) | 0.27 (-3.70%) |
| 5-Day Perf. | -2.03% |
| 1-Month Perf. | -1.74% |
| 3-Month Perf. | +4% |
| 6-Month Perf. | +15.81% |
| YTD Perf. | +1.96% |
| 1-Year Perf. | -28.53% |
| RSI(14) | 52.79 |
| ATR(14) | 0.02 |
| ADX(14) | 18.29 |
| Beta (5Y) | 0.12 |
