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) 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.
Surge Battery Metals (OTCQX:NILIF) said Nevada North Lithium LLC has begun advanced metallurgical optimization testing at the Nevada North Lithium Project to support the ongoing Pre-Feasibility Study. The program uses a Master Composite representing the first 10 years of mine life and aligns Kemetco testing with Fluor's engineering models.
Key workstreams include flowsheet optimization, impurity removal and Zero Liquid Discharge simulation, lithium carbonate product validation, and cesium/rubidium byproduct deportment testing.
Surge (OTCQX:NILIF) announced that Nevada North Lithium LLC engaged RESPEC to complete an updated Mineral Resource Estimate (MRE) for the Nevada North Lithium Project in Elko County, Nevada. A high-resolution 3D geological model was handed to RESPEC after a successful 2025 drill program.
RESPEC is expected to deliver the updated MRE by late April 2026, aiming to convert a significant portion of Inferred resources into Measured and Indicated categories to support the ongoing Pre-Feasibility Study being advanced by Fluor.
Surge (OTCQX: NILIF) announced on March 17, 2026 that Richard Weech, a former Berkshire Hathaway Energy executive, has joined the board as an Independent Director.
The company accepted the resignation of director Ted O'Connor and granted 5,000,000 stock options exercisable for five years at an exercise price of $0.60 to certain directors, officers, and consultants. Mr. Weech led BHE Investments and BHE Renewables from 2014 to July 2022 and retired in 2022.
Surge (OTCQX: NILIF) reported final assays from five 2025 core holes at Nevada North, including a 116.04m composite averaging 3,752 ppm Li and a 32.1m high-grade zone at 4,521 ppm Li. Infill drilling advances resource conversion for the Pre-Feasibility Study and captured hydrogeological, geotechnical, and metallurgical sampling including Cesium and Rubidium assays.
Vibrating Wire Piezometers were installed for groundwater modelling and televiewer/geotechnical logging was completed to support pit design.
Surge Battery Metals (OTCQX: NILIF) reported 2025 drill results from the Nevada North Lithium Project confirming continuity and higher-grade clay-hosted lithium beyond the modeled footprint.
Highlights: a 640m SE step-out (NNL-037) returned 30.6m at 4,196 ppm Li, multiple holes exceeded 3,000 ppm Li, and the nine-hole program collected PQ core and hydrogeotechnical data for the 2026 PFS.
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.