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Nickel Rock Options out the Remaining 20% Interest of its BC Nickel Claims to Surge Battery Metals Inc.
(TheNewswire) Coquitlam, BC – TheNewswire - April 3, 2023- Nickel Ro...
About this update from Grid Battery Metals Inc
[{"type":"text","content":"Nickel Rock Options out the Remaining 20% Interest of its BC Nickel Claims to Surge Battery Metals Inc.\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Coquitlam, BC –\n \n \n TheNewswire -\n \n \n April 3, 2023-\n \n \n Nickel Rock Resources\nInc.\n \n \n (the “Company” and “Nickel\nRock”)\n \n \n (\n \n \n TSXV:NICL\n \n \n )\n \n \n ,\n \n \n (\n \n \n OTC:NICKLF\n \n \n )\n \n \n ,\n \n \n (\n \n \n FSE:NMK2\n \n \n )\n \n \n announces that it\nhas entered into a\n \n \n n option agreement with Surge\nBattery Metals Inc. (“Surge”) dated March 31, 2023 (the\n“Agreement”), whereby Surge may acquire the remaining 20%\nundivided interest in the HN4 and N100 nickel claims, located in\nNorthern British Columbia (the “Transaction”).\n \n \n \n \n Option of the Remaining 20 % Interest\nin the HN4 and N100 Nickel Properties to Surge Battery Metals Inc.\n(\n \n \n TSXV: NILI, OTC: NILIF, FRA:\nDJ5C\n \n \n ).\n \n \n \n \n Previously, t\n \n \n he Company entered\ninto a Property Option Agreement to earn an undivided 80% interest in\ncertain mineral claims to Surge Battery Metals Inc. (\n \n \n \n News Release July 8,\n2021\n \n \n \n ). The Nickel Project consists of two\nnon-contiguous mineral claims groups consisting of six mineral claim\nblocks located in central British Columbia.  One claim in the Mount\nSidney Williams area (The HN4 Nickel Claim), covers 1863 hectares\nimmediately south of and adjacent to the Decar Project, currently\nbeing advanced by FPX Nickel Corp. (\n \n \n TSX-V: FPX\n \n \n ) and 5\nclaims in the Mitchell Range area, northeast of Decar, (The N100\nNickel Claim Group) covering 8659 hectares. Therefore, as a result of\nthe consolidation Agreement, Surge will own a 100% undivided ownership\nin the claims (three of the claims are subject to 2% NSR, including\nthe HN4 claim and the two southernmost claims of the N100 claim\ngroup).\n \n \n \n \n Consideration Payable to Nickel Rock:\n \n \n Upon the payment of 1,000,000 Surge commons\nshares to the Company and in consideration of Surge having fully\ncompleted the terms of the underlying Option Agreement dated July\n8\n \n \n th\n \n \n ,\n2021, Nickel Rock shall transfer 100% interest in the claims to Surg...