Surge Commences Fall Drilling Program

Core Insights - Surge Battery Metals Inc. has commenced its fall core drilling program at the Nevada North Lithium Project, marking a significant step towards advancing the project to the Pre-Feasibility Study (PFS) stage [1][4] - The drilling program will involve 4,500 feet (1,370 meters) of drilling across 9 holes, with the first 5 holes on private lands and the remaining 4 on public lands [2] - The goals of the 2025 drill program include upgrading the resource to Indicated and Measured categories and collecting geotechnical and hydrogeological data [3] Company Overview - Surge Battery Metals is a Canadian mineral exploration company focused on securing domestic lithium supply through its Nevada North Lithium Project, which is crucial for electric vehicle production [5] - The company is listed on the TSX Venture Exchange in Canada and the OTCQX Market in the US, positioning it as a key player in lithium exploration [5] Nevada North Lithium Project Details - The Nevada North Lithium Project is located in the Granite Range, southeast of Jackpot, Nevada, and has identified a mineralized zone of lithium-bearing clays with a strike length of over 4,300 meters and a width greater than 1,500 meters [6] - The project has an Inferred Resource of approximately 8.65 million tons of Lithium Carbonate Equivalent (LCE) with a grade of 2,955 ppm Li at a cutoff of 1,250 ppm [6] - A recently completed Preliminary Economic Assessment (PEA) reported an after-tax NPV at 8% of US $9.17 billion and an after-tax IRR of 22.8% at a lithium price of $24,000 per ton [6]