Surge Battery Metals

Surge Battery Metals Advancing High-Grade Lithium Discovery in Nevada
TSXV: NILI | OTCQX: NILIF | FSE: DJ5C

Surge Battery Metals (TSXV: NILI | OTCQX: NILIF | FRA: DJ5C) is a Canadian-based mineral exploration company active in the exploration for lithium in its Nevada North Lithium Project located in the Granite Range southeast of Jackpot, Nevada about 73 km north-northeast of Wells, Elko County, Nevada. Surge focuses on exploration for high-value battery metals required for the electric vehicle market.

06/03/2026

Surge Battery Metals Announces Strategic Funding To Fast Track The Nevada North Lithium Project, Co-Led By Brian Paes-Braga And Michael Hess

🔗: https://surgebatterymetals.com/news

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06/01/2026

New Research Initiated 🚨

from Initiates Research Coverage on Surge Battery Metals

🔗The Report: https://rkequity.com/research

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05/14/2026

Surge Announces Resource Upgrade At Nevada North: 657.5 Mt Grading 3,007 Ppm Li Containing 10.5 Mt LCE Measured & Indicated

Including 6.7 Mt LCE @ 3,820 ppm Li

🔗: http://surgebatterymetals.com/news

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A 22.8% post-tax IRR is rare in mining.For perspective: most large-scale mining projects target IRRs in the 12-18% range...
05/07/2026

A 22.8% post-tax IRR is rare in mining.

For perspective: most large-scale mining projects target IRRs in the 12-18% range to clear hurdle rates. Above 20% is unusual. Above 25% usually means a small, short-life project, not a 42-year operation.

Surge's 2025 Preliminary Economic Assessment shows Nevada North Lithium Project running a 22.8% post-tax IRR at base-case pricing of US$24,000 per tonne LCE.

How does it stack up against peers in the same category?

Per published technical reports for advanced U.S. lithium clay projects:

→ Nevada North (Surge): 22.8% IRR (PEA, 2025)
→ Thacker Pass (Lithium Americas): 20% IRR (FS, 2025)
→ McDermitt (Jindalee): 18% IRR (PFS, 2024)
→ Angel Island (Century Lithium): 17% IRR (FS, 2024)
→ Rhyolite Ridge (Ioneer): 18% IRR (FS, 2025)

The drivers behind the higher IRR are visible in the inputs. Average mined grade of 4,016 ppm Li over a 42-year life. OPEX of $5,243 per tonne LCE. A 4.6-year payback period. A strip ratio of 1.16:1.

The Pre-Feasibility Study being prepared by Fluor will pressure-test these numbers. But the underlying drivers, the grade and the geology, are in the ground today.

Surge Battery Metals (TSXV: NILI · OTCQX: NILIF · FSE: DJ5)

How do you read a lithium operating cost number?Most investors see "$5,243 per tonne LCE OPEX" and don't have a frame of...
05/04/2026

How do you read a lithium operating cost number?

Most investors see "$5,243 per tonne LCE OPEX" and don't have a frame of reference.

Here's the frame: the global cost curve for lithium production runs roughly from $5,000 per tonne LCE at the bottom (best brine operations in South America) to $15,000+ per tonne LCE at the top (marginal hard rock operations during cost cycles).

Surge's 2025 PEA puts Nevada North Lithium Project's OPEX at $5,243 per tonne LCE.

That's below the 2024 producer median ($5,377/t per 3L Capital). For a U.S. domestic operation. From a sedimentary clay deposit.

The implication for investors is that operating margin doesn't depend on lithium prices being high. At base-case pricing of US$24,000 per tonne LCE, the project's operating margin is more than 78%. Even at materially lower prices, the project remains comfortably economic.

This isn't a "this is great if lithium goes back to peak prices" project. It's a "this works at almost any plausible long-term lithium price" project.

Surge Battery Metals (TSXV: NILI · OTCQX: NILIF · FSE: DJ5)

Here's something most investors don't know about lithium clay deposits.Most have their best ore buried hundreds of meter...
04/29/2026

Here's something most investors don't know about lithium clay deposits.

Most have their best ore buried hundreds of meters underground. To get to it, a developer has to mine through hundreds of millions of tonnes of waste rock first. That's billions of dollars in upfront capital just to reach the part that pays.

Nevada North Lithium Project is the exception.

Three thick claystone horizons outcrop directly at surface across much of the deposit. The highest grades sit at the top of each horizon. The deposit dips at a gentle 20 degrees, which makes mine planning straightforward.

The 2025 Preliminary Economic Assessment contemplates a free-dig operation. No blasting required. The ore can be loaded directly into haul trucks.

This isn't marketing language. It's geology.

When the geology cooperates, every downstream economic number gets better. Operating costs come down. Strip ratios stay manageable. Capital intensity per tonne of LCE stays sane.

That's the foundation Surge has been building on since 2022. The numbers in the PEA reflect what good geology delivers when it's matched with disciplined engineering.

Surge Battery Metals (TSXV: NILI · OTCQX: NILIF · FSE: DJ5)

04/15/2026

Surge Battery Metals Announces Additional CA$2.1 Million Advance by Evolution Mining to Nevada North Lithium LLC

🔗: https://surgebatterymetals.com/news

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04/02/2026

Actions speak louder than words.

Since February, Surge Battery Metals insiders have bought nearly 1.3 million shares on the open market.

That is over $837,000 of personal capital invested at market prices. The people closest to this project keep adding.

All transactions are publicly filed on SEDI.

04/01/2026

Surge Battery Metals Engages Kemetco Engaged for Advanced Prefeasibility Metallurgical Testing at the Nevada North Lithium Project

🔗: https://surgebatterymetals.com/news

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Address

1455 Bellevue Avenue
West Vancouver, BC
V7T1C3

Opening Hours

Monday 6:30am - 2:30pm
Tuesday 6:30am - 2:30pm
Wednesday 6:30am - 2:30pm
Thursday 6:30am - 2:30pm
Friday 6:30am - 2:30pm

Telephone

+16046628184

Website

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