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 globally relevant gold producer, to accelerate the development of the Nevada North Lithium Project (NNLP) through Nevada North Lithium LLC.
This partnership combines a high-grade lithium claystone project with the technical and financial backing of an established 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.
Operational Bench Strength
Access to experienced engineering, permitting, and large-scale project management.
Operational Bench Strength
Access to experienced 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.
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: 67.5%% (Current)
Evolution Mining: 32.5%% (Current)
Structure: Nevada North Lithium LLC, jointly owned by Surge and Evolution, managed through a Joint Operating Committee.
- Surge Battery Metals: 67.5%% (Current)
Evolution Mining: 32.5%% (Current)
- Structure: Nevada North Lithium LLC, jointly owned by Surge and Evolution, managed through a Joint Operating Committee.
Sole-Funded PFS
The "No-Dilution" Advantage
Evolution Mining sole-funded C$10 Million toward the Pre-Feasibility Study, delivered in October 2026, advancing the project without diluting Surge shareholders.
Zero Corporate Dilution
The Pre-Feasibility Study (PFS) was funded by Evolution, not through Surge equity raises.
Zero Corporate Dilution
The Pre-Feasibility Study (PFS) was funded by Evolution, not through Surge equity raises.
Zero Corporate Dilution
The Pre-Feasibility Study (PFS) was funded by Evolution, not through Surge equity raises.
De-risking Milestone
The completed PFS moves the project into FEL 3 engineering and a Feasibility Study.
De-risking Milestone
The completed PFS moves the project into FEL 3 engineering and a Feasibility Study.
De-risking Milestone
The completed PFS moves the project into FEL 3 engineering and a Feasibility Study.
Direct Value Injection
The PFS was delivered without Surge equity raises, preserving Surge’s treasury.
Direct Value Injection
The PFS was delivered without Surge equity raises, preserving Surge’s treasury.
Direct Value Injection
The PFS was delivered without Surge equity raises, preserving Surge’s treasury.
What Evolution Brings
The involvement of Evolution Mining, an established international gold producer, provides:
Mine Development Expertise
Access to experienced engineering teams and metallurgical processing expertise.
Mine Development Expertise
Access to experienced engineering teams and metallurgical processing expertise.
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
Experience developing and operating large-scale mines.
Execution Capability
Experience developing and operating large-scale mines.
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 (Private Land)
The high-grade heart of the project.
880 Acres (Private Land)
The high-grade heart of the project.
880 Acres (Private 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
Exploration potential across the broader land package.
District-Scale Upside
Exploration potential across the broader land package.
District-Scale Upside
Exploration potential across the broader land package.
Governance
A transparent and professional governance framework supports disciplined advancement of the project.
1
1
Surge as Operator
Surge maintains day-to-day management, utilizing our specialized knowledge of the Nevada lithium landscape.
2
2
Joint Operating Committee
Strategic oversight is shared, allowing Surge to leverage Evolution’s deep technical bench.
3
3
Pro-Rata Funding
With the PFS complete, both parties contribute to further costs in proportion to their interests.
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 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