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- Monday's Monster Stock (Jan. 15)
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Hereâs what to expect this week (Jan. 15)đ
Exceptional early lithium results, more to come âĄ
đ” Experience management, ability to finance
đLithium-rich Nevada location
The world is going electric, whether you like it or not. And that means batteries, lots of them. The growing demand for EVâs isnât slowing down with China exporting 60% of all EV vehicles this year.
The star of the whole show? Lithium.
Our monster pick this week has had some impressive early results, and if the trend continues the big boys of the lithium world will be looking for an acquisition (see Alpha Lithium).
The EV revolution might take longer than we thought
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Why are we HOT on Surge Battery Metals? đ„đ„đ„
Lithium, lithium & more lithium: Surge Battery Metals Nevada North project uncovered an average lithium content of 3,254 ppm, during their 8-hole 2022 program. Final 2023 results are still incoming, but initial results show a high of 8,070 ppm lithium with an average of 4,067 ppm. For comparison, the Thacker Pass lithium mine, one of the biggest in the world, has an average lithium ppm of 3,180.
Amongst Giants: Surgeâs Nevada North Lithium project is location is Nevada, an area known for lithium deposits. Albemarle Corp's Silver Peak deposit is nearby, as welll as Thacker Pass.
Management knows what theyâre doing: CEO Greg Reimer served as VP of BC Hydro, and Director Graham Harris founded Millennial Lithium Corp., acquired for $490M.
Cashed up for 2024: With over $7.5M raised in 2023 and with the popularity of Surge Battery Metals, there will be no issues raising more in 2024.
STOCK MONSTER FACT
Lithium is so incredibly light and buoyant that, in theory, if you had enough of it, you could create a structure that would float on water. In the realm of battery technology, lithium's low density contributes to the high energy-to-weight ratio of lithium-ion batteries, making them the gold standard for portable electronics and electric vehicles.
â ïžTop Risksâ ïž
Investors losing faith: Surge Battery Metals is up 140% over the past year, but down from itâs highs around CAD$1.40. Many investors are still âholdingâ, but is results donât continue to impress, stock price may fall.
Lithium price dropping: Even while the world becomes more reliant on battery technology (see EVs), the price of Lithium has seen a huge drop in 2023 and thatâs expected to continue in 2024, mainly due to a surplus in the metal.
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This weeks pick: Surge Battery Metals (TSX.V: NILI)
Management has the experience to get the Nevada North Lithium project acquired, and with some of the highest grade results in lithium-rich Nevada - you might not want to get caught on the sidelines with this one.
Current Stock Trading Details:
Stock Symbol: TSX.V: NILI
Stock Price: $0.60 (as of Jan. 15)
Market Cap: $96M
STOCK CHART
Surge Battery Metals Inc.
đ Colton, Stock Monster
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This newsletter is for informational purposes only and should not be considered financial advice. Always conduct your own research before making any investment decisions. We have not been compensated in any way for this pick or content; we genuinely just like it, and because of that, we likely bought shares, assume we own it.