Our Flagship Project

Nevada North Lithium Project

Our Flagship Project

Nevada North Lithium Project

Our Flagship Project

Nevada North Lithium Project

Preliminary Economic Assessment (PEA)

Robust Economics

Our 2025 PEA outlines a transformational economic case for development, driven by the project’s high grades and low operating costs.

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US $9.17 Billion

After-tax NPV (8%)

22.8%

IRR

US $5,243

per tonne of LCE, operational expenditure (OPEX).

42-year production life

with an average annual output of over 86,000 tonnes of LCE.

a close up of a leaf

Location & Infrastructure

A Premier Mining Hub

Strategically located in North America’s premier mining jurisdiction, the Nevada North Lithium Project (NNLP) sits at the epicenter of the U.S. battery industry. The project leverages Nevada’s world-class regulatory environment and deep-rooted mining expertise.

Tier-1 Logistics & Scale

  • Superior Access: Seamless connectivity via paved highways and maintained county roads.

  • Robust Infrastructure: Immediate proximity to regional power grids and heavy rail networks.

  • Strategic Footprint: A major joint venture with Evolution Mining has expanded the project to over 21,000 acres in a prolific mineral belt.

  • Talent Pool: Access to a highly skilled, local workforce with generations of mining experience.

Economic & Community Impact

We are committed to the responsible development of the NNLP, prioritizing environmental stewardship and local prosperity.

  • Job Creation: Estimated 2,000 construction jobs and 350 permanent full-time roles during operations.

  • Local Opportunity: Expanding growth for regional transportation, maintenance, and supply services.

  • Sustainable Growth: Active community engagement ensures we build safely, responsibly, and for the long term.

a close up of a leaf

Location & Infrastructure

A Premier Mining Hub

Strategically located in North America’s premier mining jurisdiction, the Nevada North Lithium Project (NNLP) sits at the epicenter of the U.S. battery industry. The project leverages Nevada’s world-class regulatory environment and deep-rooted mining expertise.

Tier-1 Logistics & Scale

  • Superior Access: Seamless connectivity via paved highways and maintained county roads.

  • Robust Infrastructure: Immediate proximity to regional power grids and heavy rail networks.

  • Strategic Footprint: A major joint venture with Evolution Mining has expanded the project to over 21,000 acres in a prolific mineral belt.

  • Talent Pool: Access to a highly skilled, local workforce with generations of mining experience.

Economic & Community Impact

We are committed to the responsible development of the NNLP, prioritizing environmental stewardship and local prosperity.

  • Job Creation: Estimated 2,000 construction jobs and 350 permanent full-time roles during operations.

  • Local Opportunity: Expanding growth for regional transportation, maintenance, and supply services.

  • Sustainable Growth: Active community engagement ensures we build safely, responsibly, and for the long term.

MRE Upgrade May 2026

Unmatched Grade

The numbers speak for themselves. The updated 2026 Mineral Resource Estimate (MRE) cements the project's status as a Tier 1 asset, with an approximately 87% conversion of the original PEA pit volume into the higher-confidence Measured & Indicated categories

Plan View & Sections - Upgraded MRE at the NNLP with a 1,250ppm Li cutoff

Average Grade

An industry-leading 3,007 ppm Li across the M&I resource, rising to 3,820 ppm Li within the high-grade core.

Average Grade

An industry-leading 3,007 ppm Li across the M&I resource, rising to 3,820 ppm Li within the high-grade core.

Total Resource

10.5 Million Tonnes of LCE in the Measured & Indicated category (657.4 Mt grading 3,007 ppm Li), with an additional 3.1 Mt LCE Inferred.

Total Resource

10.5 Million Tonnes of LCE in the Measured & Indicated category (657.4 Mt grading 3,007 ppm Li), with an additional 3.1 Mt LCE Inferred.

Growth Potential

The Inferred Resource of 3.1 Mt LCE pushes the mineralized footprint well beyond the 2025 PEA boundaries, with the high-grade footprint open to the north and at depth.

Growth Potential

The Inferred Resource of 3.1 Mt LCE pushes the mineralized footprint well beyond the 2025 PEA boundaries, with the high-grade footprint open to the north and at depth.

Robust Near-Surface Grades

Recent drilling encountered 4,196 ppm Li over 31 meters starting directly from the surface, reinforcing the project's potential for low-cost, high-grade extraction.

Robust Near-Surface Grades

Recent drilling encountered 4,196 ppm Li over 31 meters starting directly from the surface, reinforcing the project's potential for low-cost, high-grade extraction.

The Refining Advantage

Our 2025 Preliminary Economic Assessment (PEA) isn’t just about mining, it’s about refining. We’ve developed a process that produces high purity lithium chemicals suitable for battery manufacturing.

High Recovery Rates

We have achieved an 82% lithium recovery rate, ensuring that we extract the maximum value from every ton of clay.

High Recovery Rates

We have achieved an 82% lithium recovery rate, ensuring that we extract the maximum value from every ton of clay.

Low Deleterious Elements

NNLP’s clay chemistry is remarkably clean, with low levels of impurities like arsenic and mercury. This simplifies the refining process and keeps our environmental footprint small.

Low Deleterious Elements

NNLP’s clay chemistry is remarkably clean, with low levels of impurities like arsenic and mercury. This simplifies the refining process and keeps our environmental footprint small.

Development Timeline

The Path to Production

We are transitioning from resource expansion to advanced engineering. The data collected in the 2025 program is the foundation for our upcoming bankable studies.

Timeline reflects standard agency-review schedule. Pre-FID capital deployed across Stages 1–3 supports Pre-Feasibility, Definitive Feasibility, and Federal and State permitting (NEPA) activities, culminating in Record of Decision (ROD) and Final Investment Decision (FID).

Resource Upgrade (Completed)

The updated MRE delivered 10.5 Mt LCE in the Measured & Indicated categories at 3,007 ppm Li. An 87% conversion of the original PEA pit volume into higher-confidence resource categories.

Testing and Modeling

Completed collection of large-diameter (PQ) core for metallurgical testing and installed Vibrating Wire Piezometers (VWP) for hydrogeological modeling.

Pre-Feasibility Study (Q4 2026)

In partnership with Evolution Mining and lead engineer Fluor Corporation, the comprehensive PFS is targeted for Q4 2026, with the NI 43-101 Technical Report to follow.

"This resource update is a watershed moment for Surge and our joint venture partners at Evolution Mining.

Delivering over 10.5 million tonnes of LCE into the Measured and Indicated category at grades exceeding 3,000 ppm Li places Nevada North in a league of its own."

– Greg Reimer, President & CEO, Surge Battery Metals

Why Domestic Lithium Matters

Surge Battery Metals (TSXV: NILI) is developing the highest-grade lithium clay resource in the United States. Located in Elko County, the Nevada North Lithium Project (NNLP) is a Tier 1 asset essential to securing a sustainable, domestic lithium supply.

World-Class Economics & Grade

Featuring 10.5 Mt LCE @ 3,007 ppm Li in the Measured & Indicated category and a $9.17B After-Tax NPV, the NNLP is a generational 42-year project. It offers one of the most cost-effective paths to high-purity, battery-grade lithium in North America

World-Class Economics & Grade

Featuring 10.5 Mt LCE @ 3,007 ppm Li in the Measured & Indicated category and a $9.17B After-Tax NPV, the NNLP is a generational 42-year project. It offers one of the most cost-effective paths to high-purity, battery-grade lithium in North America

Strategic Growth & Jobs

A sole-funded JV with Evolution Mining provides a non-dilutive path to Pre-Feasibility. This development is a major economic engine for Nevada, projected to create 2,000 construction jobs and 350 high-paying, full-time operational roles.

Strategic Growth & Jobs

A sole-funded JV with Evolution Mining provides a non-dilutive path to Pre-Feasibility. This development is a major economic engine for Nevada, projected to create 2,000 construction jobs and 350 high-paying, full-time operational roles.

Sustainable U.S. Production

Designed for the EV and grid-storage markets, the project utilizes dry-stack tailings and on-site processing. By bridging the gap from resource to road, Surge is ensuring long-term American energy security and environmental leadership.

Sustainable U.S. Production

Designed for the EV and grid-storage markets, the project utilizes dry-stack tailings and on-site processing. By bridging the gap from resource to road, Surge is ensuring long-term American energy security and environmental leadership.

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

© 2026 Surge Battery Metals. | All Rights Reserved

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

© 2026 Surge Battery Metals. | All Rights Reserved

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

© 2026 Surge Battery Metals. | All Rights Reserved