This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Will Purcell

The diamond and specialty minerals stocks box score for Tuesday was a weak 60-88-162 as the TSX Venture Exchange fell six points to 717. Greg Reimer's Surge Battery Metals Inc. (NILI) lived up to its name yesterday, surging to an intraday high of 38 cents and ending the day up 4.5 cents to 33 cents on 2.53 million shares. The move followed a brief halt allowing investors to assess a spiffy new preliminary economic assessment of the company's Nevada North lithium project in -- where else -- northern Nevada. (It is north-northeast of Wells, about as far north and east one can go without entering either Idaho or Utah.)

The dream sheet is based on a resource estimate prepared last September that lists 701 million pit-constrained tonnes inferred at about 3,000 parts per million lithium, although only 550 million tonnes at 2,955 ppm lithium -- about 8.65 million tonnes of lithium carbonate equivalent (LCE) -- are attributable to Surge. (Other holders of subsurface mineral rights control the remaining 2.59 million tonnes of LCE.)

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS