Core Insights - Surge Battery Metals Inc. has engaged Cassidy & Associates to enhance its advocacy efforts in U.S. federal government relations, particularly as it develops its Nevada North Lithium Project and supports the domestic critical minerals supply chain [1][2][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 essential for electric vehicle production [5] - The company is listed on the TSX Venture Exchange in Canada and the OTCQX Market in the U.S., positioning it as a key player in lithium exploration [5] Nevada North Lithium Project - The Nevada North Lithium Project is located in the Granite Range, southeast of Jackpot, Nevada, with significant drilling results indicating a mineralized zone of lithium-bearing clays over a strike length of more than 4,300 meters and a width exceeding 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 1,250 ppm cutoff [6] - The 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, with an operating expense of US $5,243 per ton LCE [6] Strategic Engagement - The collaboration with Cassidy & Associates aims to align Surge's project development with national priorities and funding opportunities for critical minerals [3][4] - The CEO of Surge Battery Metals emphasized the importance of strengthening advocacy efforts in Washington D.C. following the completion of the PEA and a proposed joint venture with Evolution Mining [4]
Surge Engages Cassidy & Associates to Support US Government and Agency Engagement and Outreach
Newsfile·2025-10-07 13:00