Surge Battery Metals Advances Nevada North Lithium Project with Fall Drilling Program

Surge Battery Metals Launches Fall Drilling Program at Nevada North Lithium Project

Surge Battery Metals Inc. (TSXV: NILI) has officially started its 2025 fall core drilling program at the Nevada North Lithium Project (NNLP). The program involves 1,370 meters across nine holes, initially focusing on private surface lands before moving to public areas. Premier Drilling Company of Elko, Nevada, leads the operations. This drilling aims to upgrade the resource classification to Indicated and Measured categories and collect essential geotechnical and hydrogeological data.

The NNLP is located in Elko County, Nevada, within the Granite Range, approximately 73 kilometers north-northeast of Wells. Previous drilling campaigns in 2022, 2023, and 2024 identified a significant lithium-bearing clay zone spanning over 4,300 meters in strike length and more than 1,500 meters in width. The project holds an inferred resource estimated at 8.65 million tonnes of Lithium Carbonate Equivalent (LCE), grading 2,955 ppm lithium.

Strategic Importance of the Nevada North Lithium Project for Battery Metals

Surge Battery Metals targets the Pre-Feasibility Study (PFS) stage with this drilling campaign, reinforcing its role in the US battery metals supply chain. CEO Greg Reimer highlighted the program’s importance in progressing the project towards PFS. The recent Preliminary Economic Assessment (PEA) estimates a robust after-tax Net Present Value (NPV) of US$9.17 billion and an Internal Rate of Return (IRR) of 22.8%, based on a lithium carbonate price of $24,000 per tonne.

The extensive lithium clay deposits, supported by soil anomalies and geophysical surveys, show significant potential for expansion during infill drilling. Surge’s drilling program will improve resource confidence and provide critical data to refine the project’s economic and environmental outlook.

SuperMetalPrice Commentary:

Surge Battery Metals’ fall drilling program marks a key advancement for the Nevada North Lithium Project, underpinning its strategic potential in the growing US battery metals sector. The upgrade to Indicated and Measured resource categories will enhance project valuation and investor confidence. Given the robust PEA results, NNLP stands as a promising lithium source to support electric vehicle and energy storage markets. Surge’s focused drilling and data collection will be crucial for the upcoming Pre-Feasibility Study, positioning the company for potential growth amid rising lithium demand.