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. (TSXV: NILI, OTCQX: NILIF) focuses on advancing its Nevada North Lithium Project through systematic exploration of high-grade lithium clay deposits. This page provides investors with essential updates on drilling programs, technical studies, and strategic developments critical to battery metal supply chains.
Access authoritative reports on resource estimates, metallurgical test results, and operational milestones. Our curated news collection ensures timely updates about lithium exploration progress while maintaining strict compliance with mineral disclosure standards.
Key updates include drilling campaign results, partnership announcements with engineering firms, and progress toward lithium extraction optimization. All content undergoes rigorous verification to ensure alignment with NI 43-101 technical reporting guidelines.
Bookmark this page for direct access to validated operational updates and geological insights. Regularly refreshed content supports informed decision-making about lithium exploration developments in North America's evolving energy sector.
Surge Battery Metals (OTCQX: NILIF) has entered into a non-binding letter of intent (LOI) with Evolution Mining Limited to form a joint venture for developing the Nevada North Lithium Project (NNLP). Under the agreement, Surge will initially hold 77% ownership while Evolution will own 23%.
Evolution will contribute its 75% mineral interest in the 880-acre private land portion and additional 21,000 acres of private land mineral rights. Evolution commits to sole fund up to CAD$10 million for a Preliminary Feasibility Study (PFS), which would increase its ownership to 32.5%. The LOI includes an exclusivity period ending November 4, 2025, and requires Surge to complete a CAD$3 million equity financing.
Surge Battery Metals (OTCQX: NILIF) has announced plans for a strategic 9-hole core drilling program at its Nevada North Lithium Project, aimed at supporting a future Pre-Feasibility Study (PFS). The program, scheduled for September-October 2025, will cover approximately 4,500 feet (1,370 meters) of drilling.
The company has secured a Right of Entry and Exploration Agreement with the Salmon River Cattlemens Association for accessing five drill holes on private lands, while awaiting BLM approval for the remaining four holes. The program's primary objectives include upgrading the current Inferred Mineral Resource, with potential to convert up to 40% to the Measured category, while collecting critical geotechnical and hydrogeological data for project development.
Surge Battery Metals (OTCQB: NILIF) has signed a non-binding letter of intent (LOI) with the Salmon River Cattlemens Association (SRCA) for their Northern Nevada Lithium Project. The LOI outlines negotiations for four key agreements: long-term access for mineral exploration and mining, water rights resolution including withdrawal of SRCA's protest, development of a water resources management plan, and mitigation of mining impacts on grazing activities.
This development marks a significant step forward in securing essential land access and water rights for Surge's lithium mining operations in Nevada, following two years of dialogue with the SRCA.
Surge Battery Metals (OTCQB: NILIF) has completed the acquisition of the remaining 50% interest in the M3M Texas Springs Claims in Nevada through the issuance of 1.2 million common shares to M3 Metals Corp. This transaction gives Surge 100% ownership of these claims, which are adjacent to the company's Nevada North Lithium Project.
The deal, considered a related party transaction due to shared insiders, required and received disinterested shareholder approval on July 2, 2025. The company relied on exemptions from MI 61-101 requirements regarding formal valuation and minority approval. The transaction was completed before the extended deadline of August 30, 2025.
Surge Battery Metals (OTCQX: NILIF) has announced the discovery of significant rubidium (Rb) and cesium (Cs) mineralization at its Nevada North Lithium Project (NNLP). Initial assays from 8 drill holes revealed consistent rubidium grades averaging 303 ppm (range: 200-630 ppm) and cesium grades averaging 124 ppm (range: 100-300 ppm).
The company found a strong positive correlation between these critical minerals and previously reported lithium grades. Surge plans to re-assay an additional 20 drill holes from its 2022 and 2023 programs to evaluate the potential for a formal resource calculation for these secondary metals. The discovery could represent a substantial domestic U.S. supply of these critical minerals.
Surge Battery Metals (OTCQX: NILIF) has filed a Preliminary Economic Assessment (PEA) for its Nevada North Lithium Project, revealing exceptional economic potential. The project boasts an after-tax NPV8% of US$9.17 billion and an IRR of 22.8% at US$24,000/t lithium carbonate equivalent (LCE) price.
The project features a 42-year mine life with average annual production of 86,300 tonnes LCE, peaking at 109,100 tonnes in Year 6. Total capital cost is US$5.32 billion across two phases, with operating costs at US$5,243/t LCE. The project expects average annual after-tax cash flow of US$1.06 billion with a 4.6-year payback period.
The Nevada North Lithium Project contains an inferred resource of 8.65 Mt of LCE grading 2,956 ppm Lithium, with mineralization extending over 4,300 meters in strike length.
Surge Battery Metals (TSXV: NILI) (OTCQX: NILIF) has announced a stock option grant totaling 1.35 million options to its directors, officers, and consultants. The options are exercisable at $0.30 per share over a five-year period. This equity compensation plan aims to align the interests of key personnel with those of shareholders.
Surge Battery Metals (TSXV: NILI) (OTCQX: NILIF) has appointed Owen Taylor as a new director, bringing the company into compliance with Exchange Policy 3.1, Section 5.7's requirement of two independent directors. Taylor joins Ted O'Connor as the second independent director, alongside non-independent directors Graham Harris, Greg Reimer, Iain Scarr, and Vijay Mehta.
Taylor brings over 35 years of experience in government/regulatory organizations and commercial entities. He is a retired senior partner from PwC Canada, where he served as National Leader for their Government and Public Sector practice. He is also the founder of Parker Strategies , a consultancy focused on strategic advisory and negotiation services.
The company has also granted 250,000 stock options, exercisable over five years at 30 cents per share.
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