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 (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.
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.