Surge Announces Letter of Intent for Long Term Access to Private Land Holdings and a MOU Concerning Water Rights
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) ha firmato una lettera di intenti non vincolante (LOI) con la Salmon River Cattlemens Association (SRCA) per il progetto Northern Nevada Lithium. La LOI delinea le trattative per quattro accordi chiave: accesso a lungo termine per esplorazione e attività minerarie, risoluzione dei diritti idrici comprensiva del ritiro dell'opposizione della SRCA, elaborazione di un piano di gestione delle risorse idriche e misure per attenuare gli impatti dell'attività mineraria sul pascolo.
Si tratta di un passo importante verso la garanzia dell'accesso al territorio e dei diritti sull'acqua necessari per le operazioni di estrazione del litio di Surge in Nevada, dopo due anni di confronto con la SRCA.
Surge Battery Metals (OTCQB: NILIF) firmó una carta de intenciones no vinculante (LOI) con la Salmon River Cattlemens Association (SRCA) para su proyecto Northern Nevada Lithium. La LOI define las negociaciones para cuatro acuerdos clave: acceso a largo plazo para exploración y minería, resolución de derechos de agua incluyendo la retirada de la protesta de la SRCA, elaboración de un plan de gestión de recursos hídricos y mitigación de los impactos mineros sobre las actividades de pastoreo.
Este avance representa un paso relevante para asegurar el acceso a tierras y los derechos de agua necesarios para las operaciones de extracción de litio de Surge en Nevada, tras dos años de diálogo con la SRCA.
Surge Battery Metals (OTCQB: NILIF)가 Northern Nevada Lithium 프로젝트와 관련해 Salmon River Cattlemens Association(SRCA)와 구속력 없는 의향서(LOI)를 체결했습니다. LOI는 네 가지 핵심 합의에 대한 협상을 규정합니다: 탐사·광산 개발을 위한 장기 접근권, SRCA의 이의 철회를 포함한 수자원 권리 해결, 수자원 관리 계획 수립, 방목 활동에 대한 광산 영향 완화 방안입니다.
이번 합의는 SRCA와 2년에 걸친 협의 끝에 네바다에서 Surge의 리튬 채굴을 위해 필수적인 토지 접근권과 수자원 권리 확보에 있어 중요한 진전입니다.
Surge Battery Metals (OTCQB: NILIF) a signé une lettre d'intention non contraignante (LOI) avec la Salmon River Cattlemens Association (SRCA) pour son projet Northern Nevada Lithium. La LOI décrit les négociations visant quatre accords clés : accès à long terme pour l'exploration et l'exploitation minière, résolution des droits à l'eau incluant le retrait de la protestation de la SRCA, élaboration d'un plan de gestion des ressources en eau et atténuation des impacts miniers sur les activités de pâturage.
Cette avancée constitue une étape importante pour sécuriser l'accès aux terrains et les droits sur l'eau nécessaires aux opérations d'extraction du lithium de Surge au Nevada, après deux ans de discussions avec la SRCA.
Surge Battery Metals (OTCQB: NILIF) hat eine unverbindliche Absichtserklärung (LOI) mit der Salmon River Cattlemens Association (SRCA) für das Northern Nevada Lithium-Projekt unterzeichnet. Die LOI skizziert Verhandlungen über vier zentrale Vereinbarungen: langfristigen Zugang für Exploration und Bergbau, Klärung der Wasserrechte einschließlich Rücknahme des Einspruchs der SRCA, Erstellung eines Wasserressourcen-Managementplans sowie Maßnahmen zur Minderung bergbaubedingter Auswirkungen auf die Beweidung.
Dieser Schritt ist ein bedeutender Fortschritt zur Sicherung des notwendigen Landzugangs und der Wasserrechte für Surges Lithiumabbau in Nevada nach zwei Jahren Gespräch mit der SRCA.
- Agreement path established for long-term mining access rights
- SRCA to withdraw protest against water rights applications
- Progress towards resolving key operational requirements for lithium project development
- Agreements are still in non-binding LOI stage
- Multiple complex negotiations still required to finalize agreements
- Timeline for final agreements not specified
West Vancouver, British Columbia--(Newsfile Corp. - September 2, 2025) - Surge Battery Metals Inc. (TSXV: NILI) (OTCQB: NILIF) (FSE: DJ5C) (the "Company" or "Surge") is pleased to report that it has executed a non-binding letter of intent (LOI) with the Salmon River Cattlemens Association, Inc (SRCA) to enter into good faith negotiations to conclude agreements:
- regarding the grant to Surge of long-term access for mineral property exploration and commercial mining production on those lands which the SRCA owns the surface rights, and which Surge has certain sub-surface and mineral rights.
- regarding the execution of a MOU concerning water rights and water resources, including the withdrawal of SRCA's protest to Surge's water right applications to the Nevada State Engineer.
- to develop a Monitoring, Management and Mitigation Plan as related to water resources on the Lands as well as the surrounding SRCA grazing allotment that will be impacted by Surge's commercial mining activities.
- to develop an Agreement for mitigating impacts that will be created by Surge's commercial mining activities to forage and/or grazing on the Lands as well as SRCA grazing allotment.
Mr. Greg Reimer, Chief Executive Officer and Director, commented, "Over the past two years we have engaged in dialogue with the SRCA and are pleased to have agreed on a path forward to negotiate these important agreements for the future development of the Northern Nevada Lithium Project. We look forward to continuing to work with the SRCA to conclude these agreements and develop the project."
About Surge Battery Metals Inc.
Surge Battery Metals, 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 exploring clean, high-grade lithium energy metals in Nevada, USA, a crucial element for powering electric vehicles. With a primary listing on the TSX Venture Exchange in Canada and the OTCQX Market in the US, Surge Battery Metals Inc. is strategically positioned as a key player in advancing lithium exploration.
About the Nevada North Lithium Project
The Company owns the Nevada North Lithium Project located in the Granite Range southeast of Jackpot, Nevada about 73 km north-northeast of Wells, Elko County, Nevada. The first three rounds of drilling, completed in 2022, 2023, and 2024, identified a strongly mineralized zone of lithium bearing clays occupying a strike length of more than 4,300 meters and a known width of greater than 1500 meters. Highly anomalous soil values and geophysical surveys suggest there is potential for the clay horizons to be much greater in extent, while wide drill spacing allows for significant upside to occur during infill drilling. The Nevada North Lithium Project has a pit-constrained Inferred Resource containing an estimated 8.65 Mt of Lithium Carbonate Equivalent (LCE) grading 2,955 ppm Li at a 1,250 ppm cutoff. The recently completed PEA reported an after-tax NPV
On behalf of the Board of Directors,
"Greg Reimer"
Greg Reimer,
President & CEO
Contact Information
Email : info@surgebatterymetals.com
Phone : 778-945-2656
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, the accuracy of cash flow forecasts, projected capital and operating costs, metal processing recoveries, mine life, production rates, 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.
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FAQ
What agreements did Surge Battery Metals (NILIF) announce with the Salmon River Cattlemens Association?
How will the LOI affect Surge Battery Metals' Northern Nevada Lithium Project?
What is the current status of Surge Battery Metals' water rights applications in Nevada?
What environmental and land use considerations are included in Surge's LOI with SRCA?
When will the final agreements between Surge Battery Metals and SRCA be completed?
