Project Overview
The Best Lithium Address in America
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.
US $9.21 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.
Geology & Mineralization
Nature’s High-Grade Gift
The 2025 drilling program at the Nevada North Lithium Project (NNLP) significantly expanded the deposit’s footprint, confirming high-grade, near-surface lithium claystone across a 4.3 km strike length. Key step-out hole NNL-037—drilled 640m southeast—returned 30.6m at 4,196 ppm Li, while other intercepts reached up to 70.5m at 3,432 ppm Li.
The basin remains open to the south and east, with consistent lithium-rubidium-cesium correlations de-risking further exploration. These results will support resource upgrades and the upcoming 2026 Pre-Feasibility Study, reinforcing NNLP as a premier, large-scale domestic lithium asset.
Resource Estimate
Unmatched Grade
The numbers speak for themselves. The 2024 Mineral Resource Estimate (MRE) solidified the project’s status as a Tier 1 asset.

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.
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.


Resource Upgrade (Q3-Q4 2025)
Integrating 2025 drill data to upgrade the current 11.24 Mt LCE Inferred Resource into Indicated and Measured categories.
PFS Data Acquisition
Completed collection of large-diameter (PQ) core for metallurgical testing and installed Vibrating Wire Piezometers (VWP) for hydrogeological modeling.
2026 Pre-Feasibility Study (PFS)
In partnership with Evolution Mining and lead engineer Fluor Corporation, we are on track to deliver a comprehensive PFS in 2026.
"These drill holes materially enhance the scale of the Nevada North Lithium Project... It is increasingly clear that we have only begun to tap the true potential size of this premier lithium asset."
– 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.



















