RESPEC Engaged to Upgrade Nevada North Lithium Mineral Resource Estimate
Rhea-AI Summary
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.
Positive
- RESPEC engagement to deliver updated MRE by late April 2026
- 3D geological model handed to RESPEC after successful 2025 drilling
- Targeted conversion of Inferred resources to Measured and Indicated categories
- PFS support with higher-confidence geological baseline for Fluor’s pre-feasibility work
Negative
- Resource remains largely Inferred until MRE converts volumes to higher categories
- Timing risk as MRE delivery is only expected by late April 2026, creating schedule uncertainty
News Market Reaction – NILIF
On the day this news was published, NILIF gained 0.27%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
High-resolution 3D geological model handed over - process underway to convert resource to Measured and Indicated categories to support ongoing Pre-Feasibility Study.
West Vancouver, British Columbia--(Newsfile Corp. - March 24, 2026) - Surge Battery Metals Inc. (TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5) (the "Company" or "Surge") is pleased to announce that Nevada North Lithium LLC ("NNL"), the joint venture formed by Surge and Evolution Mining Limited ("Evolution"), has engaged RESPEC to complete an updated Mineral Resource Estimate (MRE) for the Nevada North Lithium Project (NNLP) located in Elko County, Nevada.
Following a highly successful 2025 drill program, all geological data has been processed, and a comprehensive, 3D geological model has been successfully handed over to the RESPEC team. RESPEC is expected to deliver the updated MRE by late April 2026.
A primary objective of this updated MRE is the conversion of a significant portion of the current Inferred resource into the higher-confidence Measured and Indicated categories. This upgraded resource will serve as the foundational geological baseline for the ongoing Pre-Feasibility Study (PFS), which is currently being advanced by Fluor Corporation.
Founded in 1969, RESPEC is a global leader in geoscience, engineering, data, and integrated technology solutions. The firm specializes in supporting the mining industry from exploration to reclamation, offering deep expertise in mineral resource estimations, subsurface geology interpretation, and mining engineering.
Mr. Greg Reimer, President & Chief Executive Officer and Director of Surge, commented, "This upcoming MRE update is a significant milestone for the NNLP. The 2025 drill program was successful in confirming the continuity, true thickness, and premium grade of the Nevada North deposit. By upgrading this resource to the Measured and Indicated categories, we continue to derisk the asset and provide our world-class engineering partners at Fluor with the high-confidence data they need to finalize our Pre-Feasibility flowsheet."
Qualified Person:
Alan J. Morris, MSc, CPG of Spring Creek, Nevada, Geological Advisor to the Company, and a Qualified Person as defined under National Instrument 43-101, has reviewed and approved the technical aspects of this news release.
About Surge Battery Metals Inc.
Surge Battery Metals Inc., a Canadian-based mineral exploration company, is at the forefront of securing the supply of domestic lithium through its active engagement in the Nevada North Lithium Project. The project focuses on development of high-grade lithium energy metals in Nevada, USA, a crucial element for powering battery electric storage and electric vehicles. With a primary listing on the TSX Venture Exchange in Canada and a listing on the OTCQX Market in the USA, Surge Battery Metals Inc. is strategically positioned as a key player in advancing lithium exploration.
About Evolution Mining Limited
Evolution Mining is a leading, globally relevant gold miner. Evolution operates six mines, comprising five wholly-owned mines – Cowal in New South Wales, Ernest Henry and Mt Rawdon in Queensland, Mungari in Western Australia, and Red Lake in Ontario, Canada, and an
About Nevada North Lithium LLC
Nevada North Lithium LLC, jointly owned by Surge Battery Metals Inc (
On behalf of the Board of Directors
"Greg Reimer"
Greg Reimer,
Director, President & CEO
Contact Information
Email: info@surgebatterymetals.com
Phone: 604-662-8184
Website: surgebatterymetals.com
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This document may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target", "plan" or "planned", "possible", "potential", "forecast", "intend", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities including lithium and nickel, the accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals including approvals of title and mining rights or licenses and environmental, local community or indigenous community approvals, the reliability of third party information, continued access to mineral properties or infrastructure or water, changes in laws, rules and regulations including in the United States, Nevada or California or any other jurisdiction which may impact upon the Company or its properties or the commercial exploitation of those properties, currency risks including the exchange rate of USD$ for Cdn$ or other currencies, fluctuations in the market for lithium related products, changes in exploration costs and government royalties, export policies or taxes in the United States or any other jurisdiction and other factors or information. The Company's current plans, expectations, and intentions with respect to development of its business and of its Nevada properties may be impacted by economic uncertainties arising out of any pandemic or by the impact of current financial and other market conditions (including US government subsidies or incentives) on its ability to secure further financing or funding of its Nevada properties. Such statements represent the Company's current views with respect to future events and are necessarily based upon several assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political, environmental (including endangered species, habitat preservation and water related risks) and social risks, contingencies, and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules, and regulations.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/289662
FAQ
When will RESPEC deliver the updated Nevada North MRE for Surge (NILIF)?
What is the goal of the MRE update for the Nevada North Lithium Project (NILIF)?
How did the 2025 drill program affect the Nevada North deposit for Surge (NILIF)?
Who is advancing the Pre-Feasibility Study for the Nevada North project (NILIF)?
What does the MRE update mean for Surge shareholders (NILIF)?
