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. reports company developments tied to lithium exploration and project advancement at the Nevada North Lithium Project in Elko County, Nevada. News commonly covers drilling and assay results, mineral resource estimate work, metallurgical testing, engineering studies, geotechnical and hydrogeological data collection, and pre-feasibility study activities for the lithium claystone project.
The company also reports updates involving Nevada North Lithium LLC, its joint venture with Evolution Mining subsidiaries, along with project funding advances, technical contractor engagements, investor relations agreements, exchange and market communications, and board or governance changes. Surge is a Canadian-based mineral exploration company with common shares quoted on the OTCQX under NILIF and listed on the TSX Venture Exchange under NILI.
Surge Battery Metals (OTCQX: NILIF) announced that Nevada North Lithium, LLC (NNL), its joint venture with Evolution Mining, has finalized the 2026 drill program for the Nevada North Lithium Project in Nevada. NNL has submitted the required documents under its 2025 Exploration Plan of Operations to the U.S. Bureau of Land Management, issued RFPs to drilling contractors, and is targeting mobilization in September 2026, with drilling expected to run through fall 2026 and into the 2027 season.
The program is designed to support a future Bankable Feasibility Study by delivering condemnation, pit-definition and mine-optimization drilling, hydrogeological and geotechnical data, and bulk material for metallurgical test work and flowsheet optimization ahead of a planned pilot program. Evolution has now completed its funding commitment, including an additional CA$3.2 million advance, bringing total funding for the preliminary feasibility study to CA$10 million and adjusting ownership in NNL to 67.5% for Surge and 32.5% for Evolution. According to Surge, the preliminary feasibility study remains on schedule and on budget for delivery in Q4 2026. The updated June 30, 2026 Mineral Resource Estimate outlines a pit-constrained Measured & Indicated resource of 10.51 Mt LCE grading 3,007 ppm Li at a 1,250-ppm cutoff, and a 2025 PEA reported an after-tax NPV8% of US$9.17 billion and 22.8% IRR at US$24,000/t LCE with operating costs of US$5,243/t LCE.
Surge Battery Metals (OTCQX:NILIF, TSXV:NILI) reported final 2022–2023 assay reruns from the Nevada North Lithium Project, confirming consistent cesium (Cs) and rubidium (Rb) with lithium across the deposit. These elements were not included in the prior lithium-only MRE.
Geochemical modeling for primary Cu2 and Cu3 clay horizons shows averages of 125 ppm Cs and 291 ppm Rb at a 2,000-ppm Li cut-off, and 120 ppm Cs and 277 ppm Rb at 1,250-ppm Li. Surge has engaged RESPEC to integrate Cs and Rb into models for the upcoming PFS and expanded work with Kemetco to study extraction pathways as potential co/by-products. The company also granted 6,950,000 stock options exercisable at $0.70 for five years to directors, officers and consultants.
Surge Battery Metals (OTCQX:NILIF) signed an investor relations and marketing agreement with New Era Publishing, operating as Katusa Research, to run a digital investor awareness campaign. Services include editorial content, investor communications and social media outreach under Surge’s review for regulatory compliance.
The campaign starts July 3, 2026 and is expected to run until Q1 2027. Surge will pay US$1,400,000 in three cash installments. No securities are being issued as compensation. The arm’s length agreement is subject to TSX Venture Exchange acceptance, and Katusa-related parties will not trade Surge shares during the term.
Surge Battery Metals (OTCQX: NILIF, TSXV: NILI) announced that its updated Mineral Resource Estimate (MRE) for the flagship Nevada North Lithium Project has been filed on SEDAR+ and the company website. Independent NI 43-101 Qualified Persons from RESPEC audited and verified the data supporting the MRE.
Surge Battery Metals (OTCQX: NILIF) announced that Matt Fernley of RK Equity has initiated research coverage with a report dated June 1, 2026, titled “Next LAC off the rank?”.
Surge is also granting 3,800,000 stock options to directors, officers and consultants, exercisable for five years at $0.70 per share.
Surge Battery Metals (OTCQX:NILIF) reported key metallurgical advances at the Nevada North Lithium Project, supporting its Pre-Feasibility Study. Joint-venture Nevada North Lithium achieved successful beneficiation, optimized leaching with lithium extraction rates above 93%, and produced a stable filter cake, moving into scaled-up testing to de-risk solid-liquid separation and support equipment selection.
Surge Battery Metals (OTCQX:NILIF) reported an updated Mineral Resource Estimate for the Nevada North Lithium Project. Measured and Indicated resources total 657.5 Mt at 3,007 ppm Li, containing 10.5 Mt LCE, including 6.7 Mt LCE at 3,820 ppm Li, with 87% of the PEA pit converted to M&I.
Inferred resources add 271.3 Mt at 2,160 ppm Li (3.1 Mt LCE). The resource is constrained within an optimized pit shell using a 1,250 ppm Li cut-off and a $20,000/t LCE price assumption. A Pre-Feasibility Study is targeted for Q4 2026.
Surge Battery Metals (OTCQX:NILIF) announced on May 6, 2026 that it submitted an initial application to list common shares on the Nasdaq Capital Market. The company said this move aims to increase U.S. investor visibility, broaden its shareholder base, and enhance trading liquidity.
Key facts: Surge reported approximately C$30 million in treasury, a fully funded pre-feasibility study, and a notice of intention to qualify for a short-form prospectus under NI 44-101. Any listing remains subject to Nasdaq requirements, regulatory approvals, and customary processes; approval is not assured.
Surge Battery Metals (OTCQX:NILIF, TSXV:NILI) entered two investor relations and marketing agreements, subject to TSXV acceptance. Winning Media will be paid US$200,000 for two months of digital marketing. Rose & Company will receive US$100,000 over 12 months plus 400,000 options at $0.75. The company also granted 900,000 consultant options at $0.75 for three years.
No services or payments commence until TSXV accepts the agreements; IR activities will follow applicable securities rules.
Surge Battery Metals (OTCQX: NILIF) announced an additional CA$2,100,000 advance from Evolution Mining to Nevada North Lithium LLC (NNL), bringing total advances to CA$6,800,000.
The funding has financed the 2025 infill drill program, mineral resource work, metallurgical testing and the preliminary feasibility study (PFS), which remains fully funded and on budget. Post-advances, Surge holds 70.54% of NNL and Evolution holds 29.46%. Surge reports CA$30,000,000 in treasury resources to support project development.