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Our Flagship Project

Nevada North Lithium Project

Corpotate Presentation

View NI43-101 Report

Our Flagship Project

Nevada North Lithium Project

Corpotate Presentation

View NI43-101 Report

Our Flagship Project

Nevada North Lithium Project

Corpotate Presentation

View NI43-101 Report

Project Overview

The Best Lithium Address in America

The story of the Nevada North Lithium Project (NNLP) is one of discovery and national purpose. Held through Nevada North Lithium LLC, the joint venture between Surge Battery Metals (67.5%) and Evolution Mining (32.5%), the NNLP is located in Elko County, Nevada, an established mining jurisdiction. The October 2026 Pre-Feasibility Study established a Proven and Probable Mineral Reserve of 218.3 Mt grading 3,928 ppm Li, containing 4.56 Mt LCE, within a Measured and Indicated Mineral Resource of 10.51 Mt LCE grading 3,007 ppm Li.

685 Mineral Claims

Total Claims

5,265 Hectares

Total Area

10.5 Million Tonnes

LCE Measured & Indicated

685 Mineral Claims

Total Claims

5,265 Hectares

Total Area

10.5 Million Tonnes

LCE Measured & Indicated

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Pre-Feasibility Study (PFS), October 2026

Robust Economics

Our 2026 Pre-Feasibility Study, prepared by Fluor Corporation as lead engineer, outlines the economic case for development based on Proven and Probable Mineral Reserves. High grade and a low strip ratio drive the project’s low operating cost. PFS figures are in 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.

US$9.81 Billion

After-tax NPV (8%)

23.6%

After-tax IRR

US$4,719

Per tonne of lithium carbonate, life-of-mine average cash operating cost (OPEX)

42-year production life

Supported by Proven and Probable Mineral Reserves, with average annual production of approximately 92,250 tonnes of lithium carbonate

Location & Infrastructure

An Established Mining Jurisdiction

The Nevada North Lithium Project (NNLP) is located in Elko County, Nevada, approximately 140 km northeast of Elko and 74 km north of Wells. The Project benefits from Nevada’s established permitting framework and an experienced regional mining workforce.

Access and Infrastructure

Access: Regional access via the Wells / US-93 / I-80 corridor, with paved highways and maintained county roads.

Power: High-voltage transmission lines are located near the Project, with a new grid interconnection contemplated in the PFS.

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: Economic Contribution: Approximately US$11.4 billion in federal and state taxes, property tax and royalties over the life of mine (2026 PFS estimate).

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.

Investor Information

Stay Informed

Location & Infrastructure

An Established Mining Jurisdiction

Access and Infrastructure

Access: Regional access via the Wells / US-93 / I-80 corridor, with paved highways and maintained county roads.

Power: High-voltage transmission lines are located near the Project, with a new grid interconnection contemplated in the PFS.

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: Economic Contribution: Approximately US$11.4 billion in federal and state taxes, property tax and royalties over the life of mine (2026 PFS estimate).

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.

Investor Information

Stay Informed

Mineral Resource Estimate

High Grade, Higher Confidence

The updated Mineral Resource Estimate, effective May 1, 2026 and prepared by RESPEC, supports the Proven and Probable Mineral Reserve of 218.3 Mt grading 3,928 ppm Li (4.56 Mt LCE) established in the 2026 PFS by Independent Mining Consultants, effective July 28, 2026. Mineral Resources are reported inclusive of Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.

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

Grade Profile

3,007 ppm Li across the Measured and Indicated resource, rising to 3,820 ppm Li at a 3,000 ppm Li cut-off.

Grade Profile

3,007 ppm Li across the Measured and Indicated resource, rising to 3,820 ppm Li at a 3,000 ppm Li cut-off.

Total Resource

10.51 Mt LCE in the Measured and Indicated categories (657.4 Mt grading 3,007 ppm Li at a 1,250 ppm Li cut-off), plus 3.11 Mt LCE Inferred.

Total Resource

10.51 Mt LCE in the Measured and Indicated categories (657.4 Mt grading 3,007 ppm Li at a 1,250 ppm Li cut-off), plus 3.11 Mt LCE Inferred.

Growth Potential

The Inferred Resource of 3.11 Mt LCE extends the mineralized footprint beyond the current mine plan, with Measured and Indicated blocks expanded both laterally and at depth. The basin remains open to the south and east.

Growth Potential

Near-Surface Grades

Hole NNL-037 returned 30.6 metres grading 4,196 ppm Li from surface.

Near-Surface Grades

Hole NNL-037 returned 30.6 metres grading 4,196 ppm Li from surface.

See All Drill Results

Investor Information

From Clay to Battery-Grade Lithium

Bench-scale test work has taken Nevada North material through a continuous flowsheet, from run-of-mine ore to a refined battery-grade product, using conventional unit operations.

99.95% Li₂CO₃

Kemetco Research produced crude lithium carbonate assaying 99% Li₂CO₃ from the Project master composite. Chemshift Technologies refined it to a battery-grade product at 99.95% Li₂CO₃.

99.95% Li₂CO₃

Kemetco Research produced crude lithium carbonate assaying 99% Li₂CO₃ from the Project master composite. Chemshift Technologies refined it to a battery-grade product at 99.95% Li₂CO₃.

Over 93% Lithium Extraction

Sulfuric acid leaching of beneficiated material achieved lithium extraction above 93% at 475 kg/t acid addition, rising to approximately 98% at higher acid addition, with leaching complete within one hour at 90°C.

Over 93% Lithium Extraction

Development Timeline

Path to a Construction Decision

We are transitioning from resource expansion to advanced engineering. The data collected in the 2025 program is the foundation for the Pre-Feasibility Study, completed in October 2026, and the Feasibility Study now being advanced.

Timeline reflects standard agency-review schedule. Pre-FID capital deployed across Stages 1 to 3 supports Pre-Feasibility, 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.

Metallurgy (Completed, September 2026)

Bench-scale test work produced a battery-grade product at 99.95% Li₂CO₃ from Project material, with lithium extraction above 93% in sulfuric acid leaching.

Pre-Feasibility Study (Completed, October 2026)

Led by Fluor Corporation. After-tax NPV8% of US$9.81 billion and after-tax IRR of 23.6%. Next: FEL 3 engineering and a Feasibility Study.

“Together, we have taken Nevada North from a promising claystone deposit to a project supported by a Mineral Reserve, Class 4 engineering and battery-grade lithium carbonate made from our own ore.”

– Greg Reimer, President & CEO, Surge Battery Metals

Why Domestic Lithium Matters

Surge Battery Metals (TSXV: NILI) is developing a high-grade lithium claystone deposit that is one of the highest grades among advanced U.S. lithium clay peers. Located in Elko County, the Nevada North Lithium Project (NNLP) is being advanced as a potential long-term domestic source of lithium.

Resource Scale and Grade

A Proven and Probable Mineral Reserve of 218.3 Mt at 3,928 ppm Li (4.56 Mt LCE), within 10.5 Mt LCE @ 3,007 ppm Li in the Measured & Indicated category. Bench-scale test work on Project material produced a battery-grade lithium carbonate product at 99.95% Li₂CO₃.

Resource Scale and Grade

Advancing Toward a Development Decision

The Project is held by Nevada North Lithium LLC, owned 67.5% by Surge and 32.5% by Evolution Mining Limited, with Surge as manager. Fluor Corporation led the Pre-Feasibility Study, completed in October 2026, supported by Kemetco Research, IMC and Call & Nicholas. NNL is now advancing FEL 3 engineering and a Feasibility Study toward a final investment decision.

Advancing Toward a Development Decision

U.S. Production and Environmental Approach

The Project is located in Elko County, Nevada, with existing road access and a surface rights and access agreement covering land and water. Exploration is conducted under a Bureau of Land Management approved Plan of Operations permitting up to 250 acres of disturbance, with concurrent reclamation and hydrogeological monitoring.

U.S. Production and Environmental Approach

Investor Information

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

info@surgebatterymetals.com

+1-604-662-8184

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

info@surgebatterymetals.com

+1-604-662-8184

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

info@surgebatterymetals.com

+1-604-662-8184

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.