Welcome to our dedicated page for Surge Battery Metals news (Ticker: NILIF), a resource for investors and traders seeking the latest updates and insights on Surge Battery Metals stock.
SURGE BATTERY METALS INC (OTCQX: NILIF) generates frequent news related to lithium exploration, project development, financing, and strategic partnerships. Company releases emphasize its role as a Canadian-based mineral exploration company advancing the Nevada North Lithium Project in Nevada, USA, targeting clean, high-grade lithium energy metals for electric vehicles and battery energy storage.
News updates often cover drilling and technical milestones at the Nevada North Lithium Project, including core drilling programs, infill drilling, and work designed to upgrade mineral resource classifications. These announcements describe lithium-bearing claystone horizons, resource estimates expressed in Lithium Carbonate Equivalent, and progress toward economic studies such as a Preliminary Economic Assessment and a planned Pre-Feasibility Study.
Investors following NILIF news will also see coverage of corporate and financial developments. The company reports non-brokered private placements and listed issuer financing exemption offerings of units consisting of common shares and share purchase warrants, with proceeds directed to project-related costs, feasibility work, and working capital. News releases highlight participation by strategic investors such as The Quaternary Group Ltd., along with details on finders’ fees and stock option grants to directors, officers, and consultants.
Another recurring theme in Surge Battery Metals’ news is its joint venture with a subsidiary of Evolution Mining Limited, implemented through Nevada North Lithium LLC. Updates describe funding contributions, changes in joint venture ownership interests, and governance arrangements for advancing the Nevada North Lithium Project. The company also reports on engagements with government relations firms and marketing and investor awareness providers aimed at positioning the project within U.S. critical minerals policy and expanding market visibility.
This news page allows readers to follow these developments in one place, from technical drilling results and resource updates to financing transactions and joint venture milestones related to NILIF.
Surge Battery Metals (OTCQX: NILIF) announced that Nevada North Lithium LLC selected Fluor Enterprises to lead the Pre-Feasibility Study (PFS) for the Nevada North Lithium Project. Fluor will manage engineering and a consortium of technical partners, targeting PFS delivery in Q4 2026. Surge also appointed Tu Lieu as CFO.
The engagement signals a move from exploration toward development, aims to produce a bankable study with constructability focus, and positions the joint venture to advance to a Direct Feasibility Study and permitting milestones.
Surge Battery Metals (OTCQX: NILIF) announced two investor awareness agreements and equity awards on February 6, 2026. The Company agreed to pay US$150,000 to Freedom for a ~30-day digital campaign and US$75,000 to New Era for a three-month extension. The Company granted 881,250 RSUs and 293,750 PSUs, subject to TSXV rules and Exchange Policy 4.4.
PSUs vest on completion of a definitive feasibility study or after one year; no triggering milestones are currently under negotiation.
Surge Battery Metals (OTCQX:NILIF / TSXV:NILI) announced a non-brokered private placement (the "LIFE Offering") to raise $15,000,030 by issuing 16,666,700 Offered Units at $0.90 per unit. Each unit includes one common share and one-half warrant; each full warrant is exercisable at $1.35 from 60 days after issuance until three years. Proceeds will fund preliminary and definitive feasibility work on the Nevada North Lithium Project and for general working capital. Closing is expected on or about February 3, 2026. 3L Capital acts as financial advisor. Offerings are made in Canadian provinces other than Quebec under listed issuer exemptions; securities are not being registered in the U.S.
Surge (OTCQX: NILIF) announced that Nevada North Lithium LLC (NNL), the joint venture between Surge and Evolution Mining, appointed Steffen Ball as Vice President, Commercial Development effective January 7, 2026.
Mr. Ball joins from senior roles at Nissan North America and Ford with experience in OEM battery raw-material sourcing, mine-site operations, process engineering, and holds an advanced degree in Geology from Colorado School of Mines. He will lead NNL's commercial strategy to advance the Nevada North Lithium Project toward production.
The company also granted 500,000 stock options, exercisable for five years at an exercise price of $0.87 per share to certain directors, officers, and consultants.
Surge Battery Metals (OTCQX: NILIF) announced that Quaternary Group Ltd. materially increased its stake in the company.
As of October 15, 2025, Quaternary held ~5.7% of issued common shares on an undiluted basis and ~11.3% on a diluted basis. Since that date Quaternary purchased an additional 2,539,000 common shares via open market transactions and now holds approximately 7.8% undiluted and 13.3% diluted.
Surge Battery Metals (OTCQX: NILIF; TSXV: NILI) announced on December 10, 2025 that Nevada North Lithium LLC (NNL), the joint venture between subsidiaries of Surge and Evolution Mining, received Evolution's initial funding obligation of CA$3,000,000 under an amended and restated operating agreement.
As a result, Evolution's ownership in NNL rose by 2.85 percentage points to 25.85%, while Surge Battery Metals USA holds the remaining 74.15% ownership interest.
Surge Battery Metals (OTCQX: NILIF) and a subsidiary of Evolution Mining formed a joint venture dated December 2, 2025 to advance the Nevada North Lithium Project (NNLP) via Nevada North Lithium, LLC.
Surge US contributed its NNLP mining claims; Evolution contributed a 75% interest in an 880-acre private land parcel and 75% rights in over 21,000 acres. Surge US initially holds 77% of the JV, Evolution 23%. Evolution will fund up to CAD$10,000,000 for a PFS (CAD$3,000,000 expected by Dec 5, 2025), which can increase Evolution to 32.5% ownership if fully funded.
Surge Battery Metals (OTCQX: NILIF) announced that its U.S. subsidiary, Surge Battery Metals USA, has settled all transaction documents with a subsidiary of Evolution Mining to form a joint venture to continue development of the Nevada North Lithium Project. The companies intend to close the Transaction on December 1 and 2, 2025, subject to the re-opening of requisite U.S. government offices after the Thanksgiving holiday. Surge said it will issue a further news release at the time of closing.
Surge Battery Metals (OTCQX: NILIF, TSXV: NILI) provided an update on its proposed joint venture with Evolution Mining dated November 21, 2025. The companies are finalizing documents and coordinating with third parties with the intention to form the joint venture forthwith. The joint venture has received conditional approval from the TSX Venture Exchange, with that approval stated to be subject only to customary closing conditions.
Surge (OTCQX:NILIF / TSXV:NILI) completed a nine-hole, 4,634.5-foot (1,412.6 m) 2025 infill core program at the 100%‑owned Nevada North Lithium Project. The program intersected ~1,830 cumulative feet (557.8 m) of visually favorable lithium claystone, averaging 207.4 ft (63.2 m) composite thickness per hole and a maximum composite of 353 ft (107.6 m). Five holes began within 20 ft of surface. Work gathered PQ core for metallurgical tests, geotechnical logging, and hydrogeological data including VWP installations to support a planned resource upgrade and the 2026 Pre‑Feasibility Study.
Assays are pending; the exclusivity period with Evolution Mining was extended to November 21, 2025.
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