In a riveting interview on the nationally syndicated Price of Business show, host Kevin Price took a deep dive into one of the hottest topics in the world of investing today – lithium. And who better to chat about it with than Graham Harris, a luminary in the lithium business realm, representing the promising Surge Battery Metals?
Here are the electrifying takeaways:
1. Made in America Matters: With China's lithium supply bubble bursting, it's high time America starts producing its own. Surge Battery Metals is positioned at the heart of this, developing a resource right in Nevada, aiming to reduce U.S. dependency on global lithium chains.
2. A Success Story: Harris, with his vast experience, highlighted his previous venture, Millennial Lithium, which saw a bidding war and was finally sold for a whopping half a billion dollars. Harris is all set to repeat the success with Surge Battery Metals, which he deems even better.
3. Stellar Early Results: The initial findings from Surge Battery Metals' Nevada project were "exceptional," catching Harris's attention. Early-stage drilling has been promising, and a maiden resource announcement is anticipated soon, which promises to be an eye-opener about the project's potential.
4. A Bright Investment Perspective: When Harris joined, Surge Battery Metals boasted a market cap of about 20 million. It has now tripled to 60 million. And if Harris’s track record is any indication, this is only the beginning.
5. Lithium: Here to Stay: Graham couldn't stress enough the importance of lithium. Beyond the EV market, everything, from power tools to potential technological innovations like Toyota's solid-state battery, is hungry for lithium. And guess what? The latter consumes even more lithium.
6. Safety in Domestic Development: With geopolitical tensions and supply chain vulnerabilities becoming evident, developing resources at home in the U.S. is not just smart; it's essential. And Nevada, as Harris points out, is as friendly a territory as it gets.
Join the lithium revolution! Keep an eye on Surge Battery Metals as they continue to charge forward in the lithium industry. For more, visit [surgebatterymetals.com](http://surgebatterymetals.com). The future, it seems, is electrifying. 🔋💡🚀
Here is the full interview transcript and the video of the interview below. Enjoy!
Host: Welcome back to the nationally syndicated price of business. I'm your host, Kevin Price, talking to you about you and your business. Anyone who's a long-term listener of the program knows my interest in lithium. I talk about it a lot. I think it's one of the most important resources in the economy. It's one of the hottest long-term buys when it comes to investing, in my opinion. So, I like to talk to smart people who can discuss this topic, and today is no exception. We've got a great topic here lined up for you. We're going to be talking to Graham Harris about "Made in America lithium prospects grow as China's lithium supply bubble bursts." Which means you really need to be thinking about where they're going to be going in the future to continue to build this. He's with a company called Surge Battery Meadows. Glad to have you on the program. Tell us a little bit about yourself and your company.
Graham Harris: Thank you so much for having me on. I happen to agree with everything you said there on the importance of lithium. My background: I spent the last seven years as the founder and chairman of a company called Millennial Lithium. We had a project in Argentina. Early last year, there was a bidding war for the company. Three different companies, two of them were Chinese - CATL and Gangfeng. Then, Lithium Americas came over the top, outbid them both, and ended up securing that asset. We sold it for half a billion dollars in the spring of last year. Now I'm on to the next venture, which is Surge Battery Metals. It's a project based in Nevada. I love the jurisdiction. We're just in the process of developing the resource, early-stage drilling, and I'd be happy to tell you more about that project.
Host: That's exactly what we're going to chat about today. Lithium is incredibly exciting. We think about power grid problems, the prospect of moving entirely towards EVs. The whole EV phenomenon is phenomenal as long as you can power it, right? And lithium is the centerpiece of that. Your project is obviously a piece in that puzzle.
Graham Harris: Recognizing that EV is here to stay, it's part of the green energy revolution. To have electric, we need lithium-ion, which is the commercial product everyone is using nowadays. For that, you need lithium. China has done a great job in securing deals with many lithium companies in Africa, South America, Australia, and Canada. What we need in America is a domestic source of lithium and battery supply. When I came across Surge Battery Metals, they had a very interesting lithium project. In fact, it was so interesting I thought it couldn't be real. The numbers were phenomenal in terms of grade. I had my lithium team from Millennial Lithium have a look at it, and everything we thought would be there is there, right in Nevada, USA. We're busy right now growing this resource and hopefully developing it into a significant domestic supply of lithium to help out domestic battery producers.
Host: Talk a little bit about where you are in the process of exporting this, taking advantage of this. How much knowledge or information do you have in terms of how substantial the resource is going to be long-term?
Graham Harris: When I got involved, it was early-stage drilling. After selling Millennial Lithium, I was inundated with projects. People wanted our team to get involved. This one stood out above the rest. The early-stage results from their first seven-hole drill program were exceptional, almost too good to be true. I brought my lithium team in, did a deep analysis on the project, and it stood out above all others. We've just completed geophysics and are in the process of completing our second round of drilling. We hope to announce results soon. The first step in the development of this project will be a maiden resource, which we hope to publish by November. I think that's going to really open a lot of people's eyes as to how big and how good this project is.
Host: Give us a projected timeline of what you see happening.
Graham Harris: We're going to complete the drilling this year. We're operating under a notice of intent, the first stage of developing in Nevada. The next stage will be to file for a plan of operation, which will allow us to do much further drilling to create a 43-101 compliance resource. Then, we will do a preliminary economic assessment, hopefully by the spring of 2025. We're listed on the TSX Venture, symbol is NILI, and on the OTCQB, NILIF is the symbol.
Host: Talk about it from an investment perspective.
Graham Harris: I am an investor. I invested in this company. When I got involved, it had about a 20 million market cap. We currently have around a 60 million dollar market cap. I sold my last company for half a billion. I think this resource and asset is better. Over time, this asset could grow to a substantial multiple of where it is today. It's important, especially for something like this, to gravitate to friendly territory. For the U.S., you can't get much friendlier than Nevada.
Host: Chile's a fascinating example. People think of it as just another third-world Latin American country. But for decades, Chile has been one of the most economically free countries with the best property rights in the Western Hemisphere. However, they've recently made strides in the wrong direction. That's why focusing domestically is so important.
Graham Harris: Do you want to be held hostage to the whims of foreign policy and foreign government? No. We also don't want to be held hostage to someone who's secured all the lithium supply chains across the globe. We need to develop our own resource and battery manufacturing capabilities. It's not just electric vehicles. Everything these days, like power tools, is driven by lithium-ion batteries. I'm not too worried about new technology because all advances in battery manufacturing result in these batteries consuming more lithium.
Host: Most modern countries are trying to abandon fossil fuels as quickly as possible. Even as we develop new technologies, lithium will be a player as long as it's available.
Graham Harris: There's talk of Toyota developing a solid-state battery that will allow twice the range. That's great because the solid-state battery consumes four times as much lithium. Lithium is a great store of energy, and that's what makes it so valuable.
The product of lithium sits on the periodic table at the far left. It's a great store of energy, and that's what makes it so valuable.
Host: We're going to have to wrap it up. I really enjoyed this conversation. I do want to mention to the listener, I have no investment in this particular company. I do have an interest in lithium in general. I consider myself an ambassador for this concept for national security, environmental, and economic reasons. So, to me, lithium plays make perfect sense. Graham, thanks so much for being with us.
Graham Harris: Thank you very much for having me and letting me introduce our company to your audience. I really appreciate it, and I hope they follow along
in our growth.
Host: Graham, final thoughts on our topic as we wrap it up and give your website as well.
Graham Harris: Our website is [surgebatterymetals.com](http://surgebatterymetals.com). Please follow us. We have a great, very experienced lithium team, and we're here developing a very big lithium asset right here in good old Nevada, United States of America.
Host: I am Kevin Price. This is the nationally syndicated Price of Business show. We are on every major streaming platform as far as podcasting goes. Check us all out at [priceybusiness.com](http://priceybusiness.com).
https://www.youtube.com/watch?v=pYdUDMoqzL8
Disclaimer: This promotional piece is based on the above interview and is intended for informational purposes only. All potential investors are encouraged to do their due diligence and consult with a financial advisor before making any investment decisions.
The writer own shares in the company. The Writer has received no payment whatsoever to produce the current article.
