Surge Battery Metals & Evolution Mining JV
Strategic Lithium Partnership
Surge Battery Metals & Evolution Mining JV
Strategic Lithium Partnership
Surge Battery Metals & Evolution Mining JV
Strategic Lithium Partnership
A Partnership Built for Scale
Surge Battery Metals has partnered with Evolution Mining (ASX: EVN), a global leader in mining excellence, to accelerate the development of the Northern Nevada Lithium Project (NNLP). This strategic alliance combines the highest-grade lithium clay resource in the United States with the technical execution power and financial backing of a major international producer.
Why Evolution Mining Matters
Technical Validation
Evolution’s entry followed exhaustive due diligence, confirming the quality of the NNLP resource.
Technical Validation
Evolution’s entry followed exhaustive due diligence, confirming the quality of the NNLP resource.
Technical Validation
Evolution’s entry followed exhaustive due diligence, confirming the quality of the NNLP resource.
Operational Bench Strength
Access to world-class engineering, permitting, and large-scale project management.
Operational Bench Strength
Access to world-class engineering, permitting, and large-scale project management.
Operational Bench Strength
Access to world-class engineering, permitting, and large-scale project management.
Execution Capability
Evolution brings a proven track record of moving large-scale assets from discovery through to steady-state production.
Execution Capability
Evolution brings a proven track record of moving large-scale assets from discovery through to steady-state production.
Execution Capability
Evolution brings a proven track record of moving large-scale assets from discovery through to steady-state production.
Ownership & Structure
The joint venture is structured at the Project Level, not the corporate level. This ensures Evolution’s investment goes directly into the ground, preserving Surge’s capital structure and protecting shareholders from unnecessary dilution.
Surge Battery Metals: 77% (Current)
Evolution Mining: 23% (Current)
Structure: Unincorporated Joint Venture managed through a Joint Operating Committee.
- Surge Battery Metals: 77% (Current)
Evolution Mining: 23% (Current)
- Structure: Unincorporated Joint Venture managed through a Joint Operating Committee.
- Surge Battery Metals: 77% (Current)
Evolution Mining: 23% (Current)
- Structure: Unincorporated Joint Venture managed through a Joint Operating Committee.
Sole-Funded PFS
The "No-Dilution" Advantage
Evolution Mining is sole-funding up to C$10 Million in exploration and development costs to earn an additional 9.5% interest in the project.
Zero Corporate Dilution
The Pre-Feasibility Study (PFS) is funded by Evolution, not through Surge equity raises.
Zero Corporate Dilution
The Pre-Feasibility Study (PFS) is funded by Evolution, not through Surge equity raises.
Zero Corporate Dilution
The Pre-Feasibility Study (PFS) is funded by Evolution, not through Surge equity raises.
De-risking Milestone
This funding moves the project through the critical engineering phase toward "Bankable" status.
De-risking Milestone
This funding moves the project through the critical engineering phase toward "Bankable" status.
De-risking Milestone
This funding moves the project through the critical engineering phase toward "Bankable" status.
Direct Value Injection
Every dollar spent by Evolution increases the project's Net Present Value (NPV) while Surge maintains its treasury.
Direct Value Injection
Every dollar spent by Evolution increases the project's Net Present Value (NPV) while Surge maintains its treasury.
Direct Value Injection
Every dollar spent by Evolution increases the project's Net Present Value (NPV) while Surge maintains its treasury.
What Evolution Brings
The involvement of a $7B+ market cap producer shifts the trajectory of the NNLP by providing:
Mine Development Expertise
Access to global-tier engineering teams and sophisticated metallurgical processing workflows.
Mine Development Expertise
Access to global-tier engineering teams and sophisticated metallurgical processing workflows.
Mine Development Expertise
Access to global-tier engineering teams and sophisticated metallurgical processing workflows.
Institutional Credibility
Enhanced standing with ESG-focused funds, government regulators, and potential off-take partners.
Institutional Credibility
Enhanced standing with ESG-focused funds, government regulators, and potential off-take partners.
Institutional Credibility
Enhanced standing with ESG-focused funds, government regulators, and potential off-take partners.
Execution Capability
A proven track record of delivering large-scale mining projects on time and within budget.
Execution Capability
A proven track record of delivering large-scale mining projects on time and within budget.
Execution Capability
A proven track record of delivering large-scale mining projects on time and within budget.
Expanded Land Package
The Joint Venture doesn't just cover the known resource; it captures a District-Scale opportunity in one of the world’s best mining jurisdictions.
880 Acres (Core PEA Land)
The high-grade heart of the project.
880 Acres (Core PEA Land)
The high-grade heart of the project.
880 Acres (Core PEA Land)
The high-grade heart of the project.
+21,000 Acres
The surrounding land package secured within the JV.
+21,000 Acres
The surrounding land package secured within the JV.
+21,000 Acres
The surrounding land package secured within the JV.
District-Scale Upside
Massive exploration runway to identify satellite deposits and expand the global resource footprint across the entire basin.
District-Scale Upside
Massive exploration runway to identify satellite deposits and expand the global resource footprint across the entire basin.
District-Scale Upside
Massive exploration runway to identify satellite deposits and expand the global resource footprint across the entire basin.
Governance
A transparent and professional governance framework ensures the project stays on the fast track to production.
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Surge as Operator
Surge maintains day-to-day management, utilizing our specialized knowledge of the Nevada lithium landscape.
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Joint Operating Committee
Strategic oversight is shared, allowing Surge to leverage Evolution’s deep technical bench.
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Pro-Rata Funding
Following the completion of the PFS, both parties contribute to development costs proportional to their ownership, ensuring the project is fully capitalized for construction.
Latest News
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 (TSXV: NILI | OTCQX: NILIF | FRA: DJ5) is a Canadian-based mineral exploration company advancing America’s mineral independence through the Nevada North Lithium Project (NNLP), the highest-grade lithium clay resource in the United States.
Reach Us
Suite 300 - 1455 Bellevue Avenue
West Vancouver, BC V7T 1C3
Canada
Surge Battery Metals (TSXV: NILI | OTCQX: NILIF | FRA: DJ5) is a Canadian-based mineral exploration company advancing America’s mineral independence through the Nevada North Lithium Project (NNLP), the highest-grade lithium clay resource in the United States.
Reach Us
Suite 300 - 1455 Bellevue Avenue
West Vancouver, BC V7T 1C3
Canada
Surge Battery Metals (TSXV: NILI | OTCQX: NILIF | FRA: DJ5) is a Canadian-based mineral exploration company advancing America’s mineral independence through the Nevada North Lithium Project (NNLP), the highest-grade lithium clay resource in the United States.
Reach Us
Suite 300 - 1455 Bellevue Avenue
West Vancouver, BC V7T 1C3
Canada