Surge Battery Metals

Company Summary: Surge Battery Metals Inc.

HQ & Listings
Surge Battery Metals is a Canadian-based mineral exploration company, listed on the TSX Venture Exchange (TSX-V: NILI) and the OTCQX Market (OTC: NILIF).

Core Focus & Flagship Asset

Primary Project: The company is advancing the Nevada North Lithium Project (NNLP), located in Nevada’s Granite Range near Jackpot and northeast of Wells.

Resource Highlights:

An inferred lithium resource of approximately 8.65 million tonnes LCE at ~2,951 ppm lithium (1,250 ppm cutoff).

The area spans over 4,300 meters of strike and more than 1,500 meters in width, based on multiple drilling campaigns from 2022 to 2024.

Exploration & Technical Advancements

Drilling Results:

Initial 2022 results averaged ~3,254 ppm lithium.

In 2023, grades reached up to 8,070 ppm lithium, with the mineralized footprint extending significantly in both strike and width.

Development Milestones:

A Preliminary Economic Assessment (PEA) is underway, targeting completion by the end of Q2 2025.

Permitting: Surge has received favorable decisions from the Bureau of Land Management on its Exploration Plan of Operations, enabling its 2025 drill program.

Leadership & Governance

Executive Team:

Greg Reimer, President & CEO, brings senior energy-sector experience, including executive roles at BC Hydro.

Graham Harris, Chairman & Director, founded Millennial Lithium (sold for US $490 million), and has raised over US $400 million in capital throughout his career.

Technical leadership includes Dr. Vijay Mehta, a lithium mining and processing expert with decades of experience and numerous patents.

ESG & Community Commitments

Sustainability Focus: Surge emphasizes corporate social responsibility, aiming for sustainable development, zero harm to people and the environment, and strong community engagement.

Economic Impact: The NNLP could generate nearly 2,000 construction jobs and about 350 permanent positions during operations, along with ancillary opportunities in local communities.

Recognition & Strategic Positioning

TSX Venture 50: In February 2024, Surge Battery Metals was named one of the Top 50 mining companies on the TSX Venture Exchange, ranked for share price appreciation, trading volume, and market cap growth.

U.S. Energy Strategy: The company aligns with U.S. initiatives to expand domestic critical mineral production and has highlighted the NNLP’s strategic role in strengthening U.S. lithium supply chains.