Innovation at Scale
Investor Information
Innovation at Scale
Investor Information
Innovation at Scale
Investor Information
Overview
Surge Battery Metals Inc. (TSXV: NILI | OTCQX: NILIF) is advancing the Nevada North Lithium Project in Elko County, Nevada, a high-grade lithium claystone project, toward a Feasibility Study. Lithium is a critical input to battery energy storage and electric vehicles. The Project hosts a Proven and Probable Mineral Reserve of 218.3 Mt grading 3,928 ppm Li (4.56 Mt LCE, effective July 28, 2026). The Reserve sits within a Measured and Indicated Mineral Resource of 657.4 Mt grading 3,007 ppm Li (10.5 Mt LCE at a 1,250 ppm Li cut-off, effective May 1, 2026), with resources reported inclusive of reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
Surge Battery Metals Inc. (TSXV: NILI | OTCQX: NILIF) is advancing the Nevada North Lithium Project in Elko County, Nevada, a high-grade lithium claystone project, toward a Feasibility Study. Lithium is a critical input to battery energy storage and electric vehicles. The Project hosts a Proven and Probable Mineral Reserve of 218.3 Mt grading 3,928 ppm Li (4.56 Mt LCE, effective July 28, 2026). The Reserve sits within a Measured and Indicated Mineral Resource of 657.4 Mt grading 3,007 ppm Li (10.5 Mt LCE at a 1,250 ppm Li cut-off, effective May 1, 2026), with resources reported inclusive of reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.Key Metrics
Key results of the 2026 Pre-Feasibility Study (PFS), US$ on a 100% Project basis at US$24,000/t lithium carbonate. Capital and operating costs are AACE Class 4 estimates (±25%). There is no certainty the PFS results will be realized. See the October 2, 2026 news release for assumptions and cautionary notes.
US$9.81 Billion
After-tax NPV (8% discount)
US$9.81 Billion
After-tax NPV (8% discount)
~92,250 tpa
Average Annual Production
~92,250 tpa
Average Annual Production
23.6%
After-tax IRR
23.6%
After-tax IRR
US$2.77 Billion
Phase 1 CAPEX
US$2.77 Billion
Phase 1 CAPEX
US$4,719/t LCE
Life-of-Mine Cash Operating Cost
US$4,719/t LCE
Life-of-Mine Cash Operating Cost
218.3 Mt @3,928 ppm Li
Proven and Probable Mineral Reserve
218.3 Mt @3,928 ppm Li
Proven and Probable Mineral Reserve
42 Years
Mine Life
42 Years
Mine Life
Corporate Structure
Surge Battery Metals maintains a tight share structure with strategic and institutional support.
Issued & Outstanding
314,176,537
Issued & Outstanding
314,176,537
Fully Diluted
470,445,660
Fully Diluted
470,445,660
Strategic Partners
Evolution Mining (ASX: EVN), 32.5% joint venture partner in Nevada North Lithium LLC.
Strategic Partners
Evolution Mining (ASX: EVN), 32.5% joint venture partner in Nevada North Lithium LLC.
Stay Informed on Our Progress
Whether you’re a long-time shareholder or considering your first investment, you can find our latest stock data, news, and detailed financial filings hosted on SEDAR+ below.
Tracking the Surge
Strategic exploration, institutional backing, and a defined path toward a final investment decision. Stay connected to our market activity and follow our progress as we work to secure a domestic supply of critical battery metals.
Analyst Coverage
Analyst Coverage
The following institutions provide independent analysis of Surge Battery Metals (TSXV: NILI). Please note that all opinions and projections belong strictly to the researchers.
The following institutions provide independent analysis of Surge Battery Metals (TSXV: NILI). Please note that all opinions and projections belong strictly to the researchers.
Joe Reagor
+1 (949) 720-7106
jreagor@roth.com
Steven Therrien, P.Geo
+1 (807) 252 2747
steven@3L-capital.com
Eleanor Magdzinski
+1 (416) 637 2664
emagdzinski@scp-rf.com
Matt Fernley
+1 7384 112 069
mfernley@rkequity.com
Matt Fernley
+1 7384 112 069
mfernley@rkequity.com
Latest News
You have questions or need more information? Reach out to us!
Are you interested in learning more about Surge Battery Metals and our properties? Feel free to contact us by sending a detailed message to the email below.
Our team at Surge Battery Metals will get back to you as soon as we can. Thank you for your interest.
Suite 300 - 1455 Bellevue Avenue
West Vancouver, BC V7T 1C3
Canada
You have questions or need more information? Reach out to us!
Are you interested in learning more about Surge Battery Metals and our properties? Feel free to contact us by sending a detailed message to the email below.
Our team at Surge Battery Metals will get back to you as soon as we can. Thank you for your interest.
Suite 300 - 1455 Bellevue Avenue
West Vancouver, BC V7T 1C3
Canada
You have questions or need more information? Reach out to us!
Are you interested in learning more about Surge Battery Metals and our properties? Feel free to contact us by sending a detailed message to the email below.
Our team at Surge Battery Metals will get back to you as soon as we can. Thank you for your interest.
Suite 300 - 1455 Bellevue Avenue
West Vancouver, BC V7T 1C3
Canada
Surge Battery Metals Inc. (TSXV: NILI | OTCQX: NILIF | FRA: DJ5) is advancing the Nevada North Lithium Project in Elko County, Nevada, a high-grade lithium claystone project with a Pre-Feasibility Study and a Proven and Probable Mineral Reserve. Surge holds a 67.5% interest in, and is manager of, Nevada North Lithium LLC. Lithium is a critical input for electric vehicles and battery energy storage. With a primary listing on the TSX Venture Exchange and a listing on the OTCQX Market in the US, Surge is advancing a long-life domestic source of lithium for the United States.
Alan J. Morris, MSc, CPG, of Spring Creek, Nevada, Geological Advisor to the Company and a Qualified Person as defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained on this website relating to the Nevada North Lithium Project. Mr. Morris is not independent of the Company. The Pre-Feasibility Study was prepared by the independent Qualified Persons named in the Company’s news release dated October 2, 2026.
Reach Us
Suite 300 - 1455 Bellevue Avenue
West Vancouver, BC V7T 1C3
Canada
Surge Battery Metals Inc. (TSXV: NILI | OTCQX: NILIF | FRA: DJ5) is advancing the Nevada North Lithium Project in Elko County, Nevada, a high-grade lithium claystone project with a Pre-Feasibility Study and a Proven and Probable Mineral Reserve. Surge holds a 67.5% interest in, and is manager of, Nevada North Lithium LLC. Lithium is a critical input for electric vehicles and battery energy storage. With a primary listing on the TSX Venture Exchange and a listing on the OTCQX Market in the US, Surge is advancing a long-life domestic source of lithium for the United States.
Alan J. Morris, MSc, CPG, of Spring Creek, Nevada, Geological Advisor to the Company and a Qualified Person as defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained on this website relating to the Nevada North Lithium Project. Mr. Morris is not independent of the Company. The Pre-Feasibility Study was prepared by the independent Qualified Persons named in the Company’s news release dated October 2, 2026.
Reach Us
Suite 300 - 1455 Bellevue Avenue
West Vancouver, BC V7T 1C3
Canada
Surge Battery Metals Inc. (TSXV: NILI | OTCQX: NILIF | FRA: DJ5) is advancing the Nevada North Lithium Project in Elko County, Nevada, a high-grade lithium claystone project with a Pre-Feasibility Study and a Proven and Probable Mineral Reserve. Surge holds a 67.5% interest in, and is manager of, Nevada North Lithium LLC. Lithium is a critical input for electric vehicles and battery energy storage. With a primary listing on the TSX Venture Exchange and a listing on the OTCQX Market in the US, Surge is advancing a long-life domestic source of lithium for the United States.
Alan J. Morris, MSc, CPG, of Spring Creek, Nevada, Geological Advisor to the Company and a Qualified Person as defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained on this website relating to the Nevada North Lithium Project. Mr. Morris is not independent of the Company. The Pre-Feasibility Study was prepared by the independent Qualified Persons named in the Company’s news release dated October 2, 2026.
Reach Us
Suite 300 - 1455 Bellevue Avenue
West Vancouver, BC V7T 1C3
Canada
