Surge Battery Metals Announces the Appointment of Mr. Iain Scarr B.Sc. MBA as Director.
Surge Battery Metals Inc.
300-1455 Bellevue Avenue
West Vancouver, BC, Canada
V7T 1C3
778-945-2656
www.surgebatterymetals.com
Surge Battery Metals Announces the Appointment
of Mr. Iain Scarr B.Sc. MBA as Director.
Monday, May 1, 2023: West Vancouver, BC; Surge Battery Metals Inc. (the “Company” or “Surge”)
(TSXV: NILI, OTC: NILIF, FRA: DJ5C ) is pleased to announce that Iain Scarr has joined the Board of
Directors of the Company, effective immediately. Mr. Scarr has a BSc in geology from California State
University and an MBA from the University of Southern California.
During a 29-year tenure with Rio Tinto, including his latest position as Commercial Director and VP
Exploration, Industrial Minerals Division, Mr. Scarr was responsible for multiple mineral discoveries
in North and South America and Africa. Un der that title he worked on initial testing and
commercialization activities for the Jadar lithium-borosilicate resource in Serbia. Following his work
with Rio Tinto, Mr. Scarr founded IMEX Consultants, an industrial minerals consultancy that operates
across the entire value chain, from mineral exploration to mine and refinery development and
commercialization specializing in lithium, boron, potash, and sodium alkali resources.
In recent years, Iain held a senior role with Lithium One Inc., where he was responsible for bringing
the Sal de Vida lithium brine project in Argentina through feasibility, a project subsequently merged
with Orocobre Limited. He participated in the development of the Rincon Lithium Project with Enirgi
Group Corp (subsequently acquired by Rio Tinto for $825 million). His third lithium success came in
the role of Director and V.P. Exploration for Millennial Lithium Corp. which resulted in the sale of the
Pastos Grandes Lithium Project to Lithium Americas Corp for $400 million.
Greg Reimer, President, and CEO commented “We are excited that Iain is joining the Board of Surge
Battery Metals as we continue to build a strong team with solid Lithium experience. Iain brings a
wealth of knowledge to our Company as exemplified by an impressive track record of exploration
successes in South America and elsewhere. Going forward, Iain will be actively involved in the growth
and development of the Company ’s flagship asset, the Nevada North Lithium Project. We are
fortunate to have enlisted Iain’s expertise and I look forward to advancing our exploration and
development activities in Nevada in the months ahead”.
About Surge Battery Metals Inc.
The Company is a Canadian-based mineral exploration company active in the exploration for lithium
in Nevada whose primary listing is on the TSX Venture Exchange. The Company's maintains a focus
on exploration for high value battery metals required for the electric vehicle (EV) market.
About the Nevada North Lithium Project
The Company owns a 100% interest, without any royalties, in the Nevada North Lithium
Project, consisting of 243 mineral claims, located in the Granite Range southeast of Jackpot, about
73 km north -northeast of Wells, Elko County, Nevada. The first round of drilling, compl eted in
October 2022, identified a strongly mineralized zone of lithium bearing clays occupying a strike
length of almost 1,620 meters from drillhole NN2205 in the north to drill hole NN2208 in the south.
Widths of the mineralized horizons are not well det ermined since the holes are mostly on a north -
south alignment, however, widths are at least 400 metres, supported by highly anomalous soil values
2
indicating potential for the clay horizons to be much greater in extent. The potential for a significant
lithium deposit can be illustrated by the results of drillhole NN2207 which intersected the thickest
intervals of lithium-rich claystone encountered to date; a total of 120.4 metres (395 feet) averaging
3,943 ppm lithium in four zones. Additionally, drillh ole NN2208 had the strongest downhole
individual sample of 5,950 ppm lithium between 45 and 50 feet (13.72 and 15.24 metres). The
average lithium content within all near surface clay zones intersected in 2022 drilling,
applying a 1000 ppm cut-off, was 3254 ppm.
Grant of Stock Options
The Company wishes to announce that it has granted a total of 400,000 stock options, exercisable for
a period of five years, at an exercise price of $0.27 a share to Mr. Scarr.
Qualified Person as Defined Under National Instrument 43-101
Alan J. Morris, MSc, CPG of Spring Creek, Nevada, a Qualified Person as defined under Nation
Instrument 43-101 has reviewed and approved the technical aspects of this news release.
On behalf of the Board of Directors
“Greg Reimer”
Greg Reimer,
President & CEO
Contact Information
Email: [email protected]
Phone: 778-945-2656
Website: surgebatterymetals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This document may contain certain “Forward -Looking Statements” within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words
“anticipate”, “believe”, “estimate”, “expect”, “target, “plan” or "planned", "possible", "potential", “forecast”, "intend", “may”,
“schedule” and similar words or expressions identify forward -looking statements or information. These forward -looking
statements or information may relate to future prices of commodities including lithium and nickel, the accuracy of mineral
or resource exploration activity, reserves or resources, regulatory or government requirements or approvals including
approvals of title and mining rights or licenses and environmental, local community or indigenous community approvals,
the reliability of third party information, continued access to mineral properties or infrastructure or water, changes in laws,
rules and regulations including in the United States, Nevada or California or any other jurisdiction which may impact upon
the Company or its properties or the commercial exploitation of those properties, currency risks including the exchange
rate of USD$ for Cdn$ or other currencies, fluctuations in the market for lithium related products, changes i n exploration
costs and government royalties, export policies or taxes in the United States or any other jurisdiction and other factors or
information. The Company’s current plans, expectations and intentions with respect to development of its business and of
its Nevada properties may be impacted by economic uncertainties arising out of any pandemic or by the impact of current
financial and other market conditions (including US government subsidies or incentives) on its ability to secure further
financing o r funding of its Nevada properties . Such statements represent the Company’s current views with respect to
future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by
the Company, are inherently su bject to significant business, economic, competitive, political, environmental (including
endangered species, habitat preservation and water related risks) and social risks, contingencies and uncertainties. Many
factors, both known and unknown, could cause results, performance or achievements to be materially different from the
results, performance or achievements that are or may be expressed or implied by such forward -looking statements. The
Company does not intend, and does not assume any obligation, to update these forward-looking statements or information
to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and
information other than as required by applicable laws, rules and regulations.