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Surge Battery Metals Advancing High-Grade Lithium Discovery in Nevada
TSXV: NILI | OTCQX: NILIF | FSE: DJ5C

Surge Battery Metals (TSXV: NILI | OTCQX: NILIF | FRA: DJ5C) is a Canadian-based mineral exploration company active in the exploration for lithium in its Nevada North Lithium Project located in the Granite Range southeast of Jackpot, Nevada about 73 km north-northeast of Wells, Elko County, Nevada. Surge focuses on exploration for high-value battery metals required for the electric vehicle market.

10/19/2026

The decimal point wasn't off.

Surge Director Iain Scarr on the Nevada North Lithium Project.

→ 3,928 ppm Li Mineral Reserve grade
→ U.S. lithium net import reliance above 50%
→ US$4,719/t operating cost, 10% below the 2025 PEA

Source: USGS Mineral Commodity Summaries 2026

Full interview on the Rock Stock Channel YouTube.

TSXV: NILI | OTCQX: NILIF | FRA: DJ5
More at surgebatterymetals.com

10/15/2026

Surge Chairman Graham Harris on U.S. lithium supply and demand.

→ Global lithium consumption up 20% in 2025 (est.), to 263,000 tonnes
→ One commercial-scale U.S. lithium producer
→ U.S. net import reliance above 50%, with imports led by Chile and Argentina

Source: USGS Mineral Commodity Summaries 2026

Full interview on the Rock Stock Channel YouTube.

TSXV: NILI | OTCQX: NILIF | FRA: DJ5
More at surgebatterymetals.com

10/14/2026

Grade. Scale. Jurisdiction.

Brian Paes-Braga, Managing Partner of SAF Group and Strategic Advisor to Surge, on the Nevada North Lithium Project.

→ 3,928 ppm Li Mineral Reserve grade
→ 10.5 Mt LCE Measured & Indicated Resource
→ Elko County, Nevada

Full interview on the Rock Stock Channel YouTube.

TSXV: NILI | OTCQX: NILIF | FRA: DJ5
More at surgebatterymetals.com

10/13/2026

The Pre-Feasibility Study puts overall lithium recovery at 84.9%, up from 82.8% in the 2025 PEA.

→ Mineral Reserve grade: 3,928 ppm Li
→ The mine plan front-loads higher-grade material
→ Average processed grade of approximately 4,340 ppm Li over the first ten years

Full interview on the Rock Stock Channel YouTube.

TSXV: NILI | OTCQX: NILIF | FRA: DJ5
More at surgebatterymetals.com

10/08/2026

Howard Klein of the Rock Stock Channel breaks down the Pre-Feasibility Study for the Nevada North Lithium Project in Elko County, Nevada.

→ After-tax NPV8%: US$9.81 billion
→ After-tax IRR: 23.6%, over a 42-year mine life
→ Phase 1 initial capital: US$2.77 billion, 6.7% below the 2025 PEA
→ Operating cost: US$4,719 per tonne, 10.0% below the 2025 PEA
→ Overall lithium recovery: 84.9%, up 2.1 points

TSXV: NILI | OTCQX: NILIF | FRA: DJ5

10/07/2026

The PFS establishes a Mineral Reserve at the Nevada North Lithium Project:

→ Reserve: 4.56 Mt LCE (218.3 Mt @ 3,928 ppm Li)
→ Full 42-year mine life, no Inferred in the plan
→ M&I: 10.5 Mt LCE @ 3,007 ppm Li
→ Incl. high grade core: 6.7 Mt LCE @ 3,820 ppm Li

TSXV: NILI | OTCQX: NILIF | FRA: DJ5

10/06/2026

How production builds at the Nevada North Lithium Project, per the Pre-Feasibility Study:

→ Phase 1: process plant design capacity of ~55,900 tonnes per year of battery-grade lithium carbonate
→ Phase 2: processing capacity doubles
→ Years 4 to 14: production averaging ~105,000 tonnes per year, peaking at ~111,400 in Year 7
→ Life of mine: ~92,250 tonnes per year on average, over 42 years

TSXV: NILI | OTCQX: NILIF | FRA: DJ5

10/05/2026

The Pre-Feasibility Study for the Nevada North Lithium Project.

→ After-tax NPV8%: US$9.81 billion
→ After-tax IRR: 23.6%
→ Life of mine grade: 3,928 ppm Li
→ Strip ratio: 0.88 : 1
→ Operating cost: US$4,719/t
→ Mineral Reserve: 4.56 Mt LCE, 42-year mine plan

TSXV: NILI | OTCQX: NILIF | FRA: DJ5
surgebatterymetals.com

Surge Announces Positive Pre-Feasibility Study at Nevada North: After-Tax NPV8% of US$9.81 Billion, After-Tax IRR of 23....
10/02/2026

Surge Announces Positive Pre-Feasibility Study at Nevada North: After-Tax NPV8% of US$9.81 Billion, After-Tax IRR of 23.6% and Operating Cost of US$4,719/tonne Lithium Carbonate

PFS improves on 2025 PEA with lower Phase 1 capital, lower operating cost, higher recovery and a faster 4.2-year payback over a 42-year mine life

🔗: https://surgebatterymetals.com/news

🇨🇦 $NILI.V | 🇺🇸 $NILIF | 🇩🇪

10/02/2026

"Nevada North is one of our most compelling lithium assets in development."

After eight years of assessing lithium projects, here is what Brian Paes-Braga says set the Nevada North Lithium Project apart:

→ Scale
→ Location
→ Team

Brian founded Lithium X, acquired for C$265M in 2018. He is Managing Partner of SAF Group and a Strategic Advisor to Surge Battery Metals.

TSXV: NILI | OTCQX: NILIF | FRA: DJ5
surgebatterymetals.com

Address

1455 Bellevue Avenue
West Vancouver, BC
V7T1C3

Opening Hours

Monday 6:30am - 2:30pm
Tuesday 6:30am - 2:30pm
Wednesday 6:30am - 2:30pm
Thursday 6:30am - 2:30pm
Friday 6:30am - 2:30pm

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+16046628184

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