Surge Battery Metals Inc (NILI)

Surge Announces Addition of Cesium-Rubidium To Nevada North Following Averages Of Up To 291ppm Rb And 125ppm Cs In Primary HorizonsJuly 8, 2026 7:00 AM
NewsfileWest Vancouver, British Columbia--(Newsfile Corp. - July 8, 2026) - Surge Battery Metals Inc. (TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5) (the "Company" or "Surge") is pleased to announce that Nevada North Lithium, LLC ("NNL"), the joint venture formed by Surge and Evolution Mining Limited ("Evolution"), has received final analytical reruns for all 2022 and 2023 drill holes on the Nevada North Lithium Project. The results confirm geochemical continuity of the high-value critical metals Cesium (Cs) and Rubidium (Rb) across the entire deposit footprint.Consequently, Surge has engaged its independent resource consultants at RESPEC to calculate and integrate these results into the geological models underpinning the Project's upcoming Pre-Feasibility Study (PFS). The presence of Cesium and Rubidium was not included in the recently published lithium-only MRE.Key Highlights:Cross-Project Grades: Standardized multi-element assays from the 2022 and 2023 core reruns match the trends identified in 2024 and 2025, establishing a Project-wide critical minerals database. Value Concentration in Primary Mine Horizons: Within the Cu2 and Cu3 clay layers-which are anticipated to represent most of the material extracted under the current mine plan-geochemical modeling demonstrates positive average grades depending on the chosen lithium cut-off threshold:At a 2,000-ppm Li Cut-off, geochemical modeling demonstrates highly concentrated averages of 125 ppm Cesium (Cs) and 291 ppm Rubidium (Rb).At a 1,250-ppm Li Cut-off, uniform, Project-wide averages of 120 ppm Cesium (Cs) and 277 ppm Rubidium (Rb) are observed.Kemetco Refining and Deportment Studies Underway: The Company has expanded its metallurgical test work scope with Kemetco Research Inc. ("Kemetco") to map the precise deportment and extraction pathways of these specialty metals. Advanced testing is actively evaluating the potential to recover Cesium and Rubidium as high-value co-products or by-products alongside the primary lithium carbonate flowsheet.Mr. Greg Reimer, President, Chief Executive Officer and Director of Surge, commented, "These results demonstrate that high-grade cesium and rubidium are geochemically bound to our highest-grade lithium zones. We are now working with RESPEC to integrate these Cesium and Rubidium results into the upcoming PFS."Figure 1. Scatter Plot of positive relationship between Li and Cs.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9838/304337_70e3c18734197873_001full.jpgFigure 2. Scatter Plot of positive relationship between Li and Rb.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9838/304337_70e3c18734197873_002full.jpgTechnical Discussion and Trend AnalysisThe standardization of the Project-wide assay database shows that trace elements move predictably with lithium mineralization across the primary clay horizons. This tight linear relationship is clearly illustrated in the Project scatter plots:Cesium Relationship: The Li (ppm): Cs (ppm) scatter plot (Figure 1) shows a clean, linear ascent with cesium tightly tracking lithium and reaching peaks over 300 ppm Cs in the highest-grade horizons. Rubidium Relationship: The Li (ppm): Rb (ppm) scatter plot (Figure 2) mirrors this rigid geochemical discipline, where rubidium concentrations predictably scale from baseline levels up over 600 ppm in our highest-grade lithium zones (>8,000 ppm Li). By securing this strong data alignment from the earliest phases of drilling, Surge has the geological inputs required to generate a comprehensive multi-element block model. In collaboration with the Company's independent QP engineering groups these trends will be utilized to run trade-off and optimization studies evaluating potential by-product or co-product credit values.Drill samples from the 2022 and 2023 program were originally analysed using aqua regia digestion followed by Atomic Emission Spectrometry (ALS method ME-ICP41) which does not report Cs and Rb. Stored pulps from horizons of interest were re-analysed via aqua regia digestion followed by Mass Spectrometry (ME-MS41) at ALS Global. ALS is a recognized tier-one analytical laboratory and the same lab used for the earlier programs. The Company is also granting a total of 6,950,000 stock options, exercisable for a period of five years, at an exercise price of $0.70 a share to certain directors, officers and consultants.Qualified Person as Defined Under National Instrument 43-101Alan J. Morris, MSc, CPG of Spring Creek, Nevada, Geological Advisor to the Company, and a Qualified Person as defined under National Instrument 43-101, has reviewed and approved the technical aspects of this news release.About Surge Battery Metals Inc.Surge Battery Metals Inc., 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 development of high-grade lithium energy metals in Nevada, USA, a crucial element for powering battery electric storage and electric vehicles. With a primary listing on the TSX Venture Exchange in Canada and a listing on the OTCQX Market in the USA, Surge Battery Metals Inc. is strategically positioned as a key player in advancing lithium exploration.About Evolution Mining LimitedEvolution Mining is a leading, globally relevant gold miner. Evolution operates six mines, comprising five wholly-owned mines - Cowal in New South Wales, Ernest Henry and Mt Rawdon in Queensland, Mungari in Western Australia, and Red Lake in Ontario, Canada, and an 80% share in Northparkes in New South Wales.About Nevada North Lithium, LLCNevada North Lithium, LLC, jointly owned by Surge Battery Metals Inc (70.54%) and Evolution Mining Limited (29.46%), owns the Nevada North Lithium Project southeast of Jackpot, Nevada about 73 km north-northeast of Wells, Elko County. The first three rounds of drilling at the Project 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 1,500 meters. Highly anomalous soil values and geophysical surveys suggest there is potential for the clay horizons to be much greater in extent. As disclosed in the Company's Preliminary Economic Assessment dated May 19, 2025 (PEA), completed jointly by M3 Engineering & Technology Corp. and Independent Mining Consultants (see the Company's news release dated July 24, 2025 for further information regarding the PEA), the Nevada North Lithium Project reported an after-tax NPV8% US $9.17 Billion and after-tax IRR of 22.8% at $24,000/t LCE and an OPEX of US $5,243/t LCE. The Project now has a pit-constrained Measured & Indicated Resource containing an estimated 10.51 Mt of Lithium Carbonate Equivalent (LCE) grading 3007 ppm Li at a 1,250-ppm cutoff. On behalf of the Board of Directors"Greg Reimer"Greg Reimer,
Director, President & CEOContact Information
Email: info @jb-8184
Website: surgebatterymetals.comKeep up-to-date with Surge Battery Metals: Twitter, Facebook, LinkedIn, Instagram and YouTube.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This document may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan" or "planned", "possible", "potential", "forecast", "intend", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities including lithium and nickel, the accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals including approvals of title and mining rights or licenses and environmental, local community or indigenous community approvals, the reliability of third party information, continued access to mineral properties or infrastructure or water, changes in laws, rules and regulations including in the United States, Nevada or California or any other jurisdiction which may impact upon the Company or its properties or the commercial exploitation of those properties, currency risks including the exchange rate of USD$ 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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/304337 Original: Surge Announces Addition of Cesium-Rubidium To Nevada North Following Averages Of Up To 291ppm Rb And 125ppm Cs In Primary Horizons

Surge Battery Metals Announces Investor Relations AgreementJuly 3, 2026 4:30 PM
NewsfileWest Vancouver, British Columbia--(Newsfile Corp. - July 3, 2026) - Surge Battery Metals Inc. (TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5) (the "Company" or "Surge") announces that it has entered into an investor relations and marketing agreement (the "Agreement") with New Era Publishing Inc., operating as Katusa Research, to provide investor awareness and marketing services to the Company.Pursuant to the Agreement, New Era Publishing will provide a comprehensive investor awareness program designed to increase market awareness of the Company through digital marketing initiatives, editorial content, investor communications, social media distribution and other online investor engagement activities. All materials disseminated on behalf of the Company will be subject to the Company's review and approval to ensure compliance with applicable securities laws and TSX Venture Exchange policies.The Agreement has a term commencing July 3, 2026 and continuing through the completion of the marketing campaign, currently anticipated to conclude during the first quarter of 2027.As consideration for the services to be provided, the Company has agreed to pay New Era Publishing total compensation of US$1,400,000 (approximately CAD$1,987,500), payable in three installments: US$400,000 (approx. CAD$567,500) by July 7, 2026; US$500,000 (approx. CAD$710,000) by November 30, 2026; and US$500,000 by January 15, 2027, in accordance with the terms of the Agreement. No stock options, warrants or other securities will be granted by Surge as compensation under the Agreement.Based in Vancouver, BC, New Era Publishing Inc. is an arm's length service provider to the Company specializing in media and investor relations services, within the natural resource sector. To the knowledge of the Company, neither New Era Publishing nor its principals presently own any securities of the Company. New Era Publishing has agreed that neither it nor its directors, officers, employees or affiliates will trade securities of the Company during the term of the engagement under the Agreement.The Agreement remains subject to acceptance by the TSX Venture Exchange.Graham Harris, Chairman of Surge Battery Metals, commented:"With the recent strategic financing placing the Company in a strong financial position as we advance the Nevada North Lithium Project toward a construction decision, we believe it is important to broaden awareness of Surge among North American and international investors. We look forward to working with Katusa Research to communicate our progress while maintaining the highest standards of regulatory compliance and disclosure."About Surge Battery Metals Inc.Surge Battery Metals Inc. is focused on the exploration and development of battery metals required to support the global transition to clean energy. The Company's flagship Nevada North Lithium Project is located in Elko County, Nevada, one of the world's premier mining jurisdictions.ON BEHALF OF THE BOARD OF DIRECTORSOn behalf of the Board of Directors"Greg Reimer"Greg Reimer,
Director, President & CEOContact Information
Email: info @jb-8184
Website: surgebatterymetals.comKeep up-to-date with Surge Battery Metals: Twitter, Facebook, LinkedIn, Instagram and YouTube.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, 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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/303957 Original: Surge Battery Metals Announces Investor Relations Agreement

Surge Battery Metals Announces Filing of Updated Mineral Resource Estimate Technical ReportJune 30, 2026 7:00 AM
NewsfileWest Vancouver, British Columbia--(Newsfile Corp. - June 30, 2026) - Surge Battery Metals Inc. (TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5) (the "Company" or "Surge") is pleased to announce that, further to its news release dated May 15, 2026, the updated Mineral Resource Estimate ("MRE") for the Company's flagship Nevada North Lithium Project has now been filed on SEDAR+ and is available on the Company's website; Surge Battery Metals - NI43-101 Technical Report.Qualified Person as Defined Under National Instrument 43-101The MRE was prepared for Nevada North Lithium, LLC by independent Qualified Persons ("QPs") as defined under NI 43-101. The independent QPs were Mr. Jeff Bickel, C.P.G., and Mr. Nathan Forsythe, C.P.G., of RESPEC in Reno, Nevada. Mr. Bickel and Mr. Forsythe have reviewed the sampling, assaying, and security procedures used by Surge at Nevada North, and it is their opinion that they follow industry standard procedures and are adequate for the estimation of the current MRE and for use in preparing the Technical Report.Mr. Bickel and Mr. Forsythe completed an audit of the database and verified data underpinning the MRE. Mr. Forsythe visited the project site on November 4 and 5, 2025.Nevada North Lithium exploration activities are supervised by Mr. Alan J. Morris, C.P.G., Geological Advisor to the Company. Mr. Morris is a qualified person as defined under NI 43-101. Mr. Morris has reviewed and approved the technical contents of this news release.About Surge Battery Metals Inc.Surge Battery Metals Inc., 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 development of high-grade lithium energy metals in Nevada, USA, a crucial element for powering battery electric storage and electric vehicles. With a primary listing on the TSX Venture Exchange in Canada and a listing on the OTCQX Market in the USA, Surge Battery Metals Inc. is strategically positioned as a key player in advancing lithium exploration.About Evolution Mining LimitedEvolution Mining is a leading, globally relevant gold miner. Evolution operates six mines, comprising five wholly-owned mines - Cowal in New South Wales, Ernest Henry and Mt Rawdon in Queensland, Mungari in Western Australia, and Red Lake in Ontario, Canada, and an 80% share in Northparkes in New South Wales.About Nevada North Lithium, LLCNevada North Lithium, LLC, jointly owned by Surge Battery Metals Inc (70.54%) and Evolution Mining Limited (29.46%), owns the Nevada North Lithium Project southeast of Jackpot, Nevada about 73 km north-northeast of Wells, Elko County. The first three rounds of drilling at the project 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 1,500 meters. Highly anomalous soil values and geophysical surveys suggest there is potential for the clay horizons to be much greater in extent. As disclosed in the Company's Preliminary Economic Assessment dated May 19, 2025 (PEA), completed jointly by M3 Engineering & Technology Corp. and Independent Mining Consultants (see the Company's news release dated July 24, 2025 for further information regarding the PEA), the Nevada North Lithium Project reported an after-tax NPV8% US $9.17 Billion and after-tax IRR of 22.8% at $24,000/t LCE and an OPEX of US $5,243/t LCE. The Project now has a pit-constrained Measured & Indicated Resource containing an estimated 10.51 Mt of Lithium Carbonate Equivalent (LCE) grading 3007 ppm Li at a 1,250-ppm cutoff. On behalf of the Board of Directors"Greg Reimer"Greg Reimer,
Director, President & CEOContact Information
Email: info @jb-8184
Website: surgebatterymetals.comKeep up-to-date with Surge Battery Metals: 
Twitter Facebook LinkedIn Instagram  YouTubeNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This document may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan" or "planned", "possible", "potential", "forecast", "intend", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities including lithium and nickel, the accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals including approvals of title and mining rights or licenses and environmental, local community or indigenous community approvals, the reliability of third party information, continued access to mineral properties or infrastructure or water, changes in laws, rules and regulations including in the United States, Nevada or California or any other jurisdiction which may impact upon the Company or its properties or the commercial exploitation of those properties, currency risks including the exchange rate of USD$ 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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/303434 Original: Surge Battery Metals Announces Filing of Updated Mineral Resource Estimate Technical Report

Surge Battery Metals Announces Closing of Upsized Private Placement for Gross Proceeds of $36 MillionJune 25, 2026 7:30 AM
NewsfileWest Vancouver, British Columbia--(Newsfile Corp. - June 25, 2026) - Surge Battery Metals Inc. (TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5) (the "Company" or "Surge") is pleased to announce that further to its press release dated June 3, 2026, it has closed its previously announced upsized non-brokered private placement (the "Offering") for aggregate gross proceeds of $36,000,000 through the issuance of 60,000,000 units (the "Units") at a price of $0.60 per Unit. Each Unit consists of one common share of the Company and one common share purchase warrant (a "Warrant") of the Company. Each Warrant will entitle the holder to acquire one additional common share of the Company at an exercise price of $0.90 for a period of three years from the closing date of the Offering.Graham Harris, Chairman of Surge, commented, "The successful closing of our strategic financing, combined with the substantial proceeds received from warrant exercises that expired in June, has strengthened Surge's balance sheet to approximately $75 million in cash. This funding places the Company in a very strong position and is expected to fully fund the advancement of our Nevada North Lithium Project through to a construction decision. We welcome the addition of Brian Page Braga and Michael Hess as strategic advisors whose breadth and depth of industry and government experience will greatly aid the advancement of our premier US lithium asset."In connection with the Offering, the Company paid aggregate cash finder's fees of $2,039,033.20 to one finder.The net proceeds from the Offering will be used for the advancement of the Nevada North Lithium Project, as well as for general working capital and corporate purposes.All securities issued or issuable in connection with the Offering are subject to a four-month and one day hold period from the closing date of the Offering, in accordance with Canadian securities laws and the policies of the TSX Venture Exchange (the "TSXV"), as applicable. The Offering remains subject to the final acceptance of the TSXV.Certain directors and officers of the Company participated in the Offering by acquiring an aggregate of 1,480,000 Units, for gross proceeds of $888,000. Such participation is considered to be a related-party transaction as defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Such related-party participation in the Offering is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of such participation does not exceed 25 per cent of the market capitalization of the Company, as determined in accordance with MI 61-101. The Company did not file a material change report at least 21 days prior to the closing of the Offering as the details of the insider participation were not settled until shortly prior to the closing of the Offering. No new control person(s) were created as a result of the Offering.The securities to be issued under the Offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any U.S. state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the United States or U.S. persons, absent registration under the U.S. Securities Act and all applicable U.S. state securities laws or in compliance with an exemption therefrom. This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.Qualified Person as Defined Under National Instrument 43-101Alan J. Morris, MSc, CPG of Spring Creek, Nevada, Geological Advisor to the Company, and a Qualified Person as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved the technical aspects of this news release.About Surge Battery Metals Inc.Surge Battery Metals Inc. is a Canadian-based mineral exploration company focused on the discovery and development of battery metals required for the growing electric vehicle and energy storage sectors. The Company's flagship Nevada North Lithium Project is located in Elko County, Nevada, and is strategically positioned within one of North America's most prospective lithium districts.About Nevada North Lithium, LLCNevada North Lithium, LLC, jointly owned by Surge Battery Metals Inc (70.54%) and Evolution Mining Limited (29.46%), owns the Nevada North Lithium Project southeast of Jackpot, Nevada about 73 km north-northeast of Wells, Elko County. The first four rounds of drilling at the project identified a strongly mineralized zone of lithium bearing clays occupying a strike length of more than 4,700 meters and a known width of greater than 2,000 meters. Highly anomalous soil values and geophysical surveys suggest there is potential for the clay horizons to be much greater in extent. As disclosed in the Company's Preliminary Economic Assessment dated May 19, 2025 (PEA), completed jointly by M3 Engineering & Technology Corp. and Independent Mining Consultants (see the Company's news release dated July 24, 2025 for further information regarding the PEA), the Nevada North Lithium Project reported an after-tax NPV8% US $9.17 Billion and after-tax IRR of 22.8% at $24,000/t LCE and an OPEX of US $5,243/t LCE. The Project now has a pit-constrained Measured & Indicated Resource containing an estimated 10.51 Mt of Lithium Carbonate Equivalent (LCE) grading 3007 ppm Li at a 1,250-ppm cutoff. On behalf of the Board of Directors"Greg Reimer"Greg Reimer,
Director, President & CEOContact Information
Email: info @jb-8184
Website: surgebatterymetals.comKeep up-to-date with Surge Battery Metals:
Twitter  Facebook  LinkedIn  Instagram   YouTubeNeither 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 the Offering, the intended use of proceeds of the Offering, including the advancement of the Nevada North Lithium Project through to a construction decision, receipt of final approval of the Offering from the TSXV, the Company's cash position, the addition of Brian Page Braga and Michael Hess as strategic advisors to the Company and the effects thereof, future prices of commodities including lithium and nickel, the accuracy of mineral or resource exploration activity, reserves or resources, 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, 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 the Offering, the 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, by our ability to develop the Nevada North Lithium Project. 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.THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/302835 Original: Surge Battery Metals Announces Closing of Upsized Private Placement for Gross Proceeds of $36 Million

Surge Battery Metals Announces Strategic Funding to Fast Track the Nevada North Lithium Project, Co-Led by Brian Paes-Braga and Michael HessJune 3, 2026 10:00 AM
NewsfileBrian Paes-Braga - Managing Partner at SAF Group, Founder of Lithium X - and Michael Hess, CIO of Hess Capital, Co-Chairman of The Metals Royalty Company, and Board Member of TMC the metals company - to co-lead strategic equity financing to fast-track and fully fund Nevada North to a construction decision.SAF Group, a global merchant bank and investment platform, with over $5.0 billion of capital allocated across its credit platform and ~$8.0 billion in market capitalization across its current growth equity portfolio, to appoint up to 2 board members to the Board of Directors.Hess Capital is the investment arm of Michael Hess and the Hess Family, a family that has been in the resource production and development business for almost 100 years.Company plans to change its name to "Lithium X2 Mining" in the coming months in preparation for its proposed Nasdaq up-listing.[1]West Vancouver, British Columbia--(Newsfile Corp. - June 3, 2026) - Surge Battery Metals Inc. (TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5) (the "Company" or "Surge") is pleased to announce strategic funding through a non-brokered private placement (the "Offering") of up to 50,000,000 units (the "Units") at a price of $0.60 per Unit for gross proceeds of up to $30,000,000, with an option to upsize to $36,000,000, which if fully subscribed, will fully fund the Nevada North Lithium Project to a construction decision. Following closing of the Offering, the Company expects to hold approximately $70 million, in treasury.The financing is led by Brian Paes-Braga - Managing Partner of SAF Group, a global structured credit and merchant banking firm, and Head of SAF Capital Partners, the growth equity arm of SAF Group -and Michael Hess - CIO of Hess Capital - both of whom will be joining and co-leading Surge's Strategic Advisory Board. The Strategic Advisory Board has been established to enhance Surge's capital markets presence globally, support the Company's ongoing Nasdaq Capital Market application, and provide strategic guidance across government relations, off-take discussions, and construction financing. Mr. Paes-Braga brings directly relevant lithium sector expertise as Founder and CEO of Lithium X Energy Corp. - founded in 2015 at under a $2 million market cap and acquired for C$265 million in an all-cash transaction in 2018 - while Michael Hess brings deep networks across U.S. institutional capital, energy infrastructure, and government relationships essential to advancing a domestic lithium asset of this scale.In connection with the financing, SAF Group is expected to be granted the right to appoint two members to the Board of Directors of Surge. The appointments reflect SAF's long-term commitment to the Nevada North Lithium Project and its conviction in Surge's development strategy. Further details regarding the appointees will be announced in due course.Graham Harris, Chairman of Surge, commented, "This announcement marks a defining moment for Surge. With Nevada North fully funded, upon the successful closing, toward a construction decision, and with Brian and Michael leading our Strategic Advisory Board, we believe that we have the capital, the expertise, and the relationships to move this project at the pace the current environment demands. The United States is focused on developing a secure and sustainable domestic supply of critical minerals.[2] Once constructed, we plan to participate in the domestic supply of lithium through Nevada North."Brian Paes-Braga, Strategic Advisor to Surge, commented, "Nevada North is one of our most compelling lithium assets in development. Our investment and technical teams have assessed countless projects over the past 8 years since our exit in Lithium X, resulting in Nevada North standing out in all aspects of what we look for: scale, location, and team. A project with an after-tax NPV8% US $9.17 Billion[3] and a 42-year mine life3 puts Nevada North in rarefied air. We are looking forward to putting our full weight behind Graham, Greg, and the entire team, a group we have gotten to know well and have a high degree of confidence in."Michael Hess, Strategic Advisor to Surge, further commented, "America's dependence on foreign supplies of critical minerals like lithium is a strategic vulnerability that this Administration has been clear about addressing.2 The Nevada North Lithium Project - an advanced high-grade lithium clay resource in the United States - will be fully funded to a construction decision, which aligns Surge well with that national priority. I am committed to bringing my experience to help Surge realize the full potential of this asset. We are excited for Nevada North to advance at the pace the United States requires to achieve lithium independence."Each Unit will consist of one common share of the Company and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to acquire one additional common share of the Company at an exercise price of $0.90 for a period of three years from the date of issuance. The Company also reserves the right to increase the size of the Offering by up to 10,000,000 additional Units, for aggregate gross proceeds of up to $36,000,000.The Company intends to use the net proceeds from the Offering for the advancement of the Nevada North Lithium Project, as well as for general working capital and corporate purposes.In connection with the Offering, the Company may pay eligible finders a cash commission equal to 6% of the gross proceeds raised from subscribers introduced by such finders, in accordance with the policies of the TSX Venture Exchange (the "TSXV").The Offering is expected to close on or around June 20th, 2026. The Offering is expected to be completed pursuant to applicable securities law exemptions and remains subject to the acceptance of the TSXV and all other necessary regulatory approvals. The securities issued pursuant to the Offering will be subject to a statutory hold period of four months and one day in accordance with applicable securities laws.Insiders of the Company are expected to participate in the Offering, and such participation is considered to be a related-party transaction as defined under Multilateral Instrument 61-101. The related-party transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of the transaction does not exceed 25 per cent of the market capitalization of the company, as determined in accordance with MI 61-101. In considering and unanimously approving the transaction, there were no materially contrary views, abstentions (except for any abstentions required by corporate law) or material disagreements by any director of the company. The company does not anticipate any new control persons as a result of the Offering.The Company also wishes to provide an update on its previously announced application to list its common shares on the Nasdaq Capital Market ("Nasdaq"). Surge submitted its initial application in May 2026 and continues to advance the listing process. If completed, the proposed Nasdaq listing is intended to complement the Company's existing TSXV listing by increasing visibility with U.S. institutional and retail investors, broadening its shareholder base, and enhancing trading liquidity. Any listing remains subject to satisfaction of Nasdaq's initial listing requirements and receipt of all required regulatory approvals. There can be no assurance that the application will be approved or that a Nasdaq listing will be completed.The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any U.S. state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the United States or U.S. persons, absent registration under the U.S. Securities Act and all applicable U.S. state securities laws or in compliance with an exemption therefrom. This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.Qualified Person as Defined Under National Instrument 43-101Alan J. Morris, MSc, CPG of Spring Creek, Nevada, Geological Advisor to the Company, and a Qualified Person as defined under National Instrument 43-101, has reviewed and approved the technical aspects of this news release.About Brian Paes-Braga - Strategic Advisor Brian Paes-Braga is a Canadian entrepreneur and merchant banking executive with a track record of building and capitalizing high-growth resource companies. He was the Founder and CEO of Lithium X Energy Corp., which raised over $50 million and was acquired in an all-cash transaction for $265 million within 2.5 years of founding. Since 2015, Mr. Paes-Braga has been involved in over $2 billion in growth equity financings and more than $10 billion in market value creation across mining, energy, and technology. He is Managing Partner at SAF Group and Head of SAF Capital Partners, a structured credit and merchant banking firm, and is also the Founder, Chairman & CEO of The Metals Royalty Company (Nasdaq: TMCR), a critical minerals royalty company, and Executive Chairman of NG Energy International (TSX: GASX).About Michael Hess - Strategic Advisor Michael Hess is an experienced investor and operator with a focus on the U.S. energy supply chain, bringing over 15 years of expertise evaluating, financing, and developing energy infrastructure, logistics, and services businesses. He began his career in the energy groups at Goldman Sachs and KKR before co-founding the Bison Companies, where he leads strategy, finance, and business development across a portfolio spanning oil and gas development, water infrastructure, and payments for the U.S. energy supply chain. Mr. Hess serves as Chief Investment Officer of Hess Capital, the private and public investment arm of the Hess family, serves as Co-Chairman of The Metals Royalty Company (Nasdaq: TMCR), and sits on the board of TMC the metals company (Nasdaq: TMC).About Surge Battery Metals Inc.Surge Battery Metals Inc. is a Canadian-based mineral exploration company focused on the discovery and development of battery metals required for the growing electric vehicle and energy storage sectors. The Company's flagship Nevada North Lithium Project is located in Elko County, Nevada, and is strategically positioned within one of North America's most prospective lithium districts.About Nevada North Lithium, LLCNevada North Lithium, LLC, jointly owned by Surge Battery Metals Inc (70.54%) and Evolution Mining Limited (29.46%), owns the Nevada North Lithium Project southeast of Jackpot, Nevada about 73 km north-northeast of Wells, Elko County. The first four rounds of drilling at the project identified a strongly mineralized zone of lithium bearing clays occupying a strike length of more than 4,700 meters and a known width of greater than 2,000 meters. Highly anomalous soil values and geophysical surveys suggest there is potential for the clay horizons to be much greater in extent. As disclosed in the Company's Preliminary Economic Assessment dated May 19, 2025 (PEA), completed jointly by M3 Engineering & Technology Corp. and Independent Mining Consultants (see the Company's news release dated July 24, 2025 for further information regarding the PEA), the Nevada North Lithium Project reported an after-tax NPV8% US $9.17 Billion and after-tax IRR of 22.8% at $24,000/t LCE and an OPEX of US $5,243/t LCE. The Project now has a pit-constrained Measured & Indicated Resource containing an estimated 10.51 Mt of Lithium Carbonate Equivalent (LCE) grading 3007 ppm Li at a 1,250-ppm cutoff. On behalf of the Board of Directors"Greg Reimer"Greg Reimer,
Director, President & CEOContact Information
Email: info @jb-8184
Website: surgebatterymetals.comKeep up-to-date with Surge Battery Metals:
Twitter Facebook LinkedIn Instagram YouTubeNeither 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 completion and the terms of the Offering, the anticipated closing date of the Offering, the intended use of proceeds of the Offering, including fully funding the Nevada North Lithium Project to a construction decision, the potential upsize of the Offering, receipt of approval from the TSXV, the Company uplisting to Nasdaq, and the benefits of such uplisting including higher visibility with U.S. institutional and retail investors, broadening the Company's investor base and enhancing trading liquidity, our plans to participate in U.S. domestic supply of lithium through Nevada North Lithium Project, future prices of commodities including lithium and nickel, the accuracy of mineral or resource exploration activity, reserves or resources, 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 the Offering, the Nasdaq listing, the 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, by our ability to reach a construction decision and develop the Nevada North Lithium Project, on its ability to close the Offering on the contemplated terms or at all, or its ability to receipt approval from Nasdaq for the uplisting. 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.[1] The proposed listing of the Company's common shares on Nasdaq remains subject to satisfaction of Nasdaq's initial listing requirements, receipt of all required regulatory approvals, and completion of customary listing processes. There can be no assurance that the Company's application will be approved or that a Nasdaq listing will be completed.[2] Fact Sheet: President Donald J. Trump Ensures National Security and Economic Resilience Through Section 232 Actions on Processed Critical Minerals and Derivative Products, The White House (Apr. 15, 2025), https://www.whitehouse.gov/fact-sheets/2025/04/fact-sheet-president-donald-j-trump-ensures-national-security-and-economic-resilience-through-section-232-actions-on-processed-critical-minerals-and-derivative-products/[3] This information is derived from the Company's Preliminary Economic Assessment dated May 19, 2025 (PEA), completed jointly by M3 Engineering & Technology Corp. and Independent Mining Consultants (see the Company's news release dated July 24, 2025, for further information regarding the PEA).THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/299965 Original: Surge Battery Metals Announces Strategic Funding to Fast Track the Nevada North Lithium Project, Co-Led by Brian Paes-Braga and Michael Hess

Canadian Investment Regulatory Organization Trade Resumption - NILIJune 3, 2026 10:08 AM
PR Newswire (Canada) VANCOUVER, BC, June 3, 2026 /CNW/ - Trading resumes in:Company: Surge Battery Metals Inc.TSX-Venture Symbol: NILIAll Issues: YesResumption (ET): 10:30 AMCIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.SOURCE Canadian Investment Regulatory Organization (CIRO) – Halts/Resumptions Original: Canadian Investment Regulatory Organization Trade Resumption - NILI

L'Organisme canadien de réglementation des investissements permet la reprise de la négociation - NILIJune 3, 2026 10:10 AM
PR Newswire (Canada) VANCOUVER, BC, le 3 juin 2026 /CNW/ - Reprise des négociations pour :Société : Surge Battery Metals Inc.Symbole à la Bourse de croissance TSX : NILILes titres : OuiReprise (HE) : 10 h 30L'OCRI peut prendre la décision de suspendre (ou d'arrêter) temporairement les opérations à l'égard d'un titre d'une société cotée en bourse. Les arrêts des opérations sont mis en oeuvre afin d'assurer le bon fonctionnement d'un marché équitable. L'OCRI est l'organisme d'autoréglementation national qui surveille l'ensemble des courtiers en placement et l'ensemble des opérations effectuées sur les marchés des titres de capitaux propres et les marchés des titres de créance au Canada.SOURCE L’Organisme canadien de règlementation des investissements (OCRI) - Arrêts/Reprises Original: L'Organisme canadien de réglementation des investissements permet la reprise de la négociation - NILI

RK Equity Initiates Research Coverage on Surge Battery MetalsJune 1, 2026 9:30 AM
NewsfileWest Vancouver, British Columbia--(Newsfile Corp. - June 1, 2026) - Surge Battery Metals Inc. (TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5) (the "Company" or "Surge") is pleased to announce that Matt Fernley from RK Equity Advisors LLC ("RK Equity") has initiated research coverage on the Company. RK Equity has published an initial report on the Company dated June 1, 2026 titled "Next LAC off the rank?" (the "Report").The Report can be accessed with the following link: https://rkequity.com/research.Please note that any opinions or forecasts regarding the Company made by RK Equity and/or their analysts are theirs alone and neither represent the opinions or forecasts of the Company or its management, nor imply that the Company endorses or approves such information, conclusions, or recommendations. The Company is also granting a total of 3,800,000 stock options, exercisable for a period of five years, at an exercise price of $0.70 a share to certain directors, officers and consultants.About RK Equity RK Equity provides strategic advisory and market intelligence services to companies, investors, and policymakers in lithium battery materials and critical minerals, including research, content development, and capital markets engagement. Matt Fernley has more than 25 years of experience as an equity and commodity analyst. He is currently a Partner at RK Equity, as well as the Founder and Managing Director of Battery Materials Review, and has published extensively on batteries, battery materials, and the energy transition.About Surge Battery Metals Inc.Surge Battery Metals Inc., 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 development of high-grade lithium energy metals in Nevada, USA, a crucial element for powering battery electric storage and electric vehicles. With a primary listing on the TSX Venture Exchange in Canada and a listing on the OTCQX Market in the USA, Surge Battery Metals Inc. is strategically positioned as a key player in advancing lithium exploration.About Nevada North Lithium, LLCNevada North Lithium, LLC, jointly owned by Surge Battery Metals Inc (70.54%) and Evolution Mining Limited (29.46%), owns the Nevada North Lithium Project southeast of Jackpot, Nevada about 73 km north-northeast of Wells, Elko County. The first four rounds of drilling at the project identified a strongly mineralized zone of lithium bearing clays occupying a strike length of more than 4,700 meters and a known width of greater than 2,000 meters. Highly anomalous soil values and geophysical surveys suggest there is potential for the clay horizons to be much greater in extent. As disclosed in the Company's Preliminary Economic Assessment dated May 19, 2025 (PEA), completed jointly by M3 Engineering & Technology Corp. and Independent Mining Consultants (see the Company's news release dated July 24, 2025 for further information regarding the PEA), the Nevada North Lithium Project reported an after-tax NPV8% US $9.17 Billion and after-tax IRR of 22.8% at $24,000/t LCE and an OPEX of US $5,243/t LCE. The Project now has a pit-constrained Measured & Indicated Resource containing an estimated 10.51 Mt of Lithium Carbonate Equivalent (LCE) grading 3007 ppm Li at a 1,250-ppm cutoff. On behalf of the Board of Directors"Greg Reimer"Greg Reimer,
Director, President & CEOContact Information
Email: info @jb-8184
Website: surgebatterymetals.comKeep up-to-date with Surge Battery Metals:
Twitter Facebook  LinkedIn  Instagram   YouTubeNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This document may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan" or "planned", "possible", "potential", "forecast", "intend", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities including lithium and nickel, the accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals including approvals of title and mining rights or licenses and environmental, local community or indigenous community approvals, the reliability of third party information, continued access to mineral properties or infrastructure or water, changes in laws, rules and regulations including in the United States, Nevada or California or any other jurisdiction which may impact upon the Company or its properties or the commercial exploitation of those properties, currency risks including the exchange rate of USD$ 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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/299598 Original: RK Equity Initiates Research Coverage on Surge Battery Metals

Surge Battery Metals Reports Optimization of Flowsheet Parameters and Extraction Successes at Nevada NorthMay 26, 2026 8:00 AM
NewsfileWest Vancouver, British Columbia--(Newsfile Corp. - May 26, 2026) - Surge Battery Metals Inc. (TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5) (the "Company" or "Surge") is pleased to provide an update on the metallurgical testing program currently underway to support the Pre-Feasibility Study (PFS) by Nevada North Lithium, LLC ("NNL"), the joint venture formed by Surge and Evolution Mining Limited ("Evolution") to develop the Nevada North Lithium Project. Concurrently with the successful development of the upgraded Mineral Resource Estimate (See News Release May 14, 2026), NNL's technical team has advanced flowsheet optimization in collaboration with industry-leading metallurgical laboratories, including Kemetco Research Inc., Pocock Industrial Inc., and Sepro Mineral Systems Corp.Utilizing a representative Master Composite sample, NNL has successfully completed critical front-end beneficiation and pre-leach optimization and is now initiating the next phase of testing designed to confirm target recovery rates and de-risk solid-liquid separation.Program Highlights & Upcoming Milestones:Successful Beneficiation: Beneficiation work—recently conducted on both the Master Composite and variability samples—with Sepro has yielded positive results, demonstrating that run-of-mine material can be effectively upgraded early in the flowsheet. Rejecting gangue material before leaching is a critical driver for reducing downstream capital and operating expenditures. Leach Circuit Optimization: Ongoing testing at Kemetco has achieved lithium extraction rates exceeding 93% under optimized leaching conditions. This favorable extraction rate reflects strong alignment with Fluor's flowsheet modeling; the overall recovery rate—which incorporates downstream performance—will be published in the forthcoming PFS report. By refining acid addition and residence times, the team is maximizing extraction while minimizing impurities. Scaled-up testing will conclude this month to generate slurry for downstream separation.De-risking Solid-Liquid Separation: Solid-liquid separation of clay-rich lithium material is a technically challenging unit operation in the flowsheet due to fine particle size, clay rheology, and material handling requirements. Early testing has already produced a physically stable filter cake from beneficiated material. Next, Pocock will utilize Kemetco's scaled-up leach slurry to execute advanced thickening, filtration and washing studies, providing the empirical data required for PFS equipment selection.Mr. Greg Reimer, President, Chief Executive Officer and Director of Surge, commented, "Following the success of our recent resource upgrade, the commercial viability of our flowsheet is our next priority. The beneficiation and pre-leach optimization work we have already executed has unlocked early-stage efficiencies. Now, with initial testing at Kemetco achieving lithium extractions above 93%, our planned larger-scale program with Pocock will provide the data needed to correctly size and design our equipment."Qualified Person as Defined Under National Instrument 43-101Alan J. Morris, MSc, CPG of Spring Creek, Nevada, Geological Advisor to the Company, and a Qualified Person as defined under National Instrument 43-101, has reviewed and approved the technical aspects of this news release.About Surge Battery Metals Inc.Surge Battery Metals Inc., 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 development of high-grade lithium energy metals in Nevada, USA, a crucial element for powering battery electric storage and electric vehicles. With a primary listing on the TSX Venture Exchange in Canada and a listing on the OTCQX Market in the USA, Surge Battery Metals Inc. is strategically positioned as a key player in advancing lithium exploration.About Evolution Mining LimitedEvolution Mining Limited is a leading, globally relevant gold miner. Evolution operates six mines, comprising five wholly-owned mines – Cowal in New South Wales, Ernest Henry and Mt Rawdon in Queensland, Mungari in Western Australia, and Red Lake in Ontario, Canada, and an 80% share in Northparkes in New South Wales.About Nevada North Lithium, LLCNevada North Lithium, LLC, jointly owned by Surge Battery Metals Inc (70.54%) and Evolution Mining Limited (29.46%), owns the Nevada North Lithium Project southeast of Jackpot, Nevada about 73 km north-northeast of Wells, Elko County. The first four rounds of drilling at the project identified a strongly mineralized zone of lithium bearing clays occupying a strike length of more than 4,700 meters and a known width of greater than 2,000 meters. Highly anomalous soil values and geophysical surveys suggest there is potential for the clay horizons to be much greater in extent. As disclosed in the Company's Preliminary Economic Assessment dated May 19, 2025 (PEA), completed jointly by M3 Engineering & Technology Corp. and Independent Mining Consultants (see the Company's news release dated July 24, 2025 for further information regarding the PEA), the Nevada North Lithium Project reported an after-tax NPV8% US $9.17 Billion and after-tax IRR of 22.8% at $24,000/t LCE and an OPEX of US $5,243/t LCE. The Project now has a pit-constrained Measured & Indicated Resource containing an estimated 10.51 Mt of Lithium Carbonate Equivalent (LCE) grading 3007 ppm Li at a 1,250-ppm cutoff. On behalf of the Board of Directors"Greg Reimer"Greg Reimer,
Director, President & CEOContact Information
Email: info @jb-8184
Website: surgebatterymetals.comKeep up-to-date with Surge Battery Metals:
Twitter 
Facebook 
LinkedIn 
Instagram 
YouTubeNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This document may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan" or "planned", "possible", "potential", "forecast", "intend", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities including lithium and nickel, the accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals including approvals of title and mining rights or licenses and environmental, local community or indigenous community approvals, the reliability of third party information, continued access to mineral properties or infrastructure or water, changes in laws, rules and regulations including in the United States, Nevada or California or any other jurisdiction which may impact upon the Company or its properties or the commercial exploitation of those properties, currency risks including the exchange rate of USD$ 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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298769 Original: Surge Battery Metals Reports Optimization of Flowsheet Parameters and Extraction Successes at Nevada North

Surge Announces Resource Upgrade at Nevada North: 657.5 Mt Grading @ 3,007 ppm Li Containing 10.5 Mt LCE Measured and Indicated Including 6.7 Mt LCE @ 3,820 ppm LiMay 14, 2026 7:00 AM
NewsfileWest Vancouver, British Columbia--(Newsfile Corp. - May 14, 2026) - Surge Battery Metals Inc. (TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5) (the "Company" or "Surge") is pleased to announce that Nevada North Lithium, LLC ("NNL"), the joint venture formed by Surge and Evolution Mining Limited ("Evolution"), has reported an updated Mineral Resource Estimate ("MRE") for the Nevada North Lithium Project ("NNLP") containing 10.5 Mt of Lithium Carbonate Equivalent (LCE) grading 3,007 ppm Li Measured and Indicated which includes 6.7Mt LCE @ 3,820 ppm Li highlighting significant scalability potential from the Preliminary Economic Assessment (PEA) mine plan that consumes only 3.6Mt @ 4016 ppm Li.Following a targeted infill and step-out drilling campaign comprising nine drill holes, the updated MRE demonstrates an 87% conversion of the PEA mine pit into higher-confidence Measured and Indicated (M&I) resource categories. This ratio of boreholes to resource highlights the clear continuity of the deposit and firmly establishes NNLP as one of the leading lithium clay deposits in North America.Highlights of the Updated Mineral Resource Estimate:Initial High-Grade M&I Resource Established: The Project now hosts a Measured and Indicated Resource of 657.5 million tonnes grading 3,007 ppm Li, containing 10.5 million tonnes of Lithium Carbonate Equivalent (LCE).High Conversion: The recent drilling successfully converted approximately 87% of the original PEA mine pit into the M&I category, securing the foundation of the deposit. High-Grade Expansion: The drill program successfully defined significant new volumes of higher-grade M&I resource outside the boundaries of the original PEA mine pit, providing optimization and scalability opportunities for the in-process Pre-Feasibility Study (PFS) as the PEA mine plan consumes only 3.6Mt @ 4016 ppm Li.Significant Inferred Expansion: Excluding the totals attributed to Measured and Indicated classifications, the Inferred Resource still hosts 271.3 million tonnes grading 2,160 ppm Li, containing 3.1 million tonnes of LCE, pushing the mineralized footprint well beyond the boundaries of the 2025 Preliminary Economic Assessment (PEA).Near-Surface Mine Plan Upside: Opportunities exist to further optimize early-year mine sequencing, particularly where the high-grade upper clay horizon sits near the surface.Specific Gravity (SG) Sampling: The SG dataset includes 512 measurements across the tuff and mineralized units. Statistical evaluation indicates that the upper clays have a median bulk density of 1.65 t/m3, while non-mineralized materials (tuffs) have a low bulk density of 1.39 t/m3. These values have been incorporated into the updated block model, and these revisions will influence future mine-planning scenarios once completed.Mr. Greg Reimer, President, Chief Executive Officer and Director of Surge, commented, "This resource update is a watershed moment for Surge and our joint venture partners at Evolution Mining. Delivering over 10.5 million tonnes of LCE into the Measured and Indicated category at grades exceeding 3,000 ppm Li underscores the significance of the NNLP deposit. This MRE highlights the sheer scalability of the NNLP with the PEA mine plan only using 3.6Mt of the M&I resource. The primary objective of this MRE update was to de-risk the resource for the Pre-Feasibility Study, and the geological data has emphatically delivered."Updated Mineral Resource Estimate Statement The MRE was prepared by RESPEC Company, LLC ("RESPEC"), an independent mining and engineering consulting firm, in accordance with Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition Standards - For Mineral Resources and Mineral Reserves adopted by the CIM May 19, 2014, and in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). The resource is constrained within an optimized pit shell based on a $20,000/t LCE price, utilizing a cut-off grade of 1,250 ppm Li. Table 1. 2026 NNLP Measured Resource in bold and sensitivity to different cutoff grades. CategoryTonnes (Mt)Grade (Li ppm)Lithium (Mt)LCE (Mt)Measured210.83,1500.663.53 Indicated446.72,9401.316.98 Total M&I657.43,0071.9710.51Inferred271.3 2,1600.59 3.11  Table 2. 2026 NNLP Measured Resource in bold and sensitivity to different cutoff grades. Cutoff (Li ppm)Tonnes (Mt)Grade (Li ppm)Lithium (Mt)LCE (Mt)1,000 214.8 3,100 0.67 3.55 1,250 210.8 3,150 0.66 3.53 1,500 199.3 3,240 0.65 3.43 1,750 187.2 3,340 0.63 3.33 2,000 174.4 3,450 0.60 3.20 3,000 119.5 3,890 0.47 2.48 4,000 44.6 4,510 0.20 1.07  Table 3. 2026 NNLP Indicated Resource in bold and sensitivity to different cutoff grades. Cutoff (Li ppm)Tonnes (Mt)Grade (Li ppm)Lithium (Mt)LCE (Mt)1,000 456.9 2,890 1.32 7.03 1,250 446.7 2,940 1.31 6.98 1,500 419.1 3,030 1.27 6.77 1,750 389.6 3,140 1.22 6.51 2,000 357.5 3,250 1.16 6.19 3,000 209.3 3,780 0.79 4.21 4,000 64.0 4,390 0.28 1.50  Table 4. 2026 NNLP Inferred Resource in bold and sensitivity to different cutoff grades. Cutoff (Li ppm)Tonnes (Mt)Grade (Li ppm)Lithium (Mt)LCE (Mt)1,000 294.4 2,080 0.61 3.26 1,250 271.3 2,160 0.59 3.12 1,500 221.7 2,330 0.52 2.75 1,750 171.1 2,540 0.44 2.32 2,000 129.6 2,760 0.36 1.90 3,000 38.63,560 0.14 0.74 4,000 6.0 4,420 0.03 0.14  All Table Notes:The effective date of the NNLP mineral resource estimate is May 1, 2026. The mineral resource estimate was prepared by RESPEC in metric tonnes under the supervision of Mr. Jeff Bickel in accordance with CIM "Estimation of Mineral Resource and Mineral Reserves Best Practices" guidelines and reported in compliance with NI 43-101. Resources are constrained by an optimized pit shell. Block grades were interpolated using the ID2 method in Hexagon MinePlan™ 3D software. The NNLP mineral resource cut-off grade of 1,250 ppm Li was selected based on input provided by Surge and reviewed by the QP. Operating assumptions used to establish reasonable prospects for eventual economic extraction include a US$82.43/t operating cost, an average recovery of 84.9% Li, and a US$20,000/t LCE price. Blocks outside the optimized pit shell do not meet criteria for reasonable prospects for eventual economic extraction.A Li to Li2CO3 factor of 5.323 was used.Mineral resources are not mineral reserves and do not have demonstrated economic viability. An inferred mineral resource has lower confidence than a measured or indicated mineral resource and must not be converted to a mineral reserve. Additional drilling is required to improve the confidence level of inferred mineral resources.The new drilling combines for an aggregate total of 5451.5 meters across 37 drillholes, underpinning the entire MRE. RESPEC was supplied with three-dimensional geological shapes generated by NNL which included mineralized clay lithologies hosting lithium. Mineral resources were estimated by RESPEC as follows:Evaluated the drill data statistically within relevant clay lithologies, using them as domains;Coded a block model with the domains using the provided geological wireframe solids;Analyzed the mineralization geostatistically by domain to aid in the establishment of estimation and classification parameters; andInterpolated lithium grades into a block model comprised of 50(east-west) x 50(north-south) x 5(vertical)-meter blocks using the clay lithology domains to explicitly constrain the grade estimation.Resource Expansion OpportunitiesWhile this MRE update successfully locked in the core of the PFS mine plan, the geological model highlights several immediate avenues for future resource expansion and grade optimization:Tighter Drill Spacing Upside: Geostatistical modeling indicates that in areas with lower drill density, the grade estimates are conservatively constrained by larger search radiuses. We anticipate that future infill drilling in these peripheral zones will naturally pull up the average grade, mirroring the success of our recent infill campaign.High-Grade Footprint Expansion: Future targeted drilling will aim to fill localized gaps within the deposit, specifically targeting the expansion of the >3,000ppm Li footprint to the north.Volumetric Increases: The integration of recent, high-resolution topographic surveys has identified shallow areas of increased volumetric potential, particularly to the northeast, providing further tonnage upside beyond the current block model.Next StepsWith the MRE complete, the block model has been formally handed over to Independent Mining Consultants (IMC) to finalize the PFS mine plan and production schedule. Engineering deliverables from Fluor, including the Heat and Material Balance (HMB) and Process Flow Diagrams (PFDs), have successfully defined a highly efficient and robust flowsheet. The Metallurgical Testing Program with Kemetco is advancing rapidly, keeping the Company on track to deliver the comprehensive Pre-Feasibility Study in Q4 2026.Technical ReportUnder NI 43-101, Section 4.2(1)(j), Surge must file a technical report regarding the updated MRE within forty-five (45) days of the date of this news release.Qualified Person as Defined Under National Instrument 43-101The MRE was prepared for Nevada North Lithium, LLC by independent Qualified Persons ("QPs") as defined under NI 43-101. The independent QPs were Mr. Jeff Bickel, C.P.G., and Mr. Nathan Forsythe, C.P.G., of RESPEC in Reno, Nevada. Both QPs have reviewed and approved the technical information in this news release that is derived from the upcoming Technical Report.Mr. Bickel and Mr. Forsythe have reviewed the sampling, assaying, and security procedures used by Surge at Nevada North, and it is their opinion that they follow industry standard procedures and are adequate for the estimation of the current MRE and for use in preparing the Technical Report.Mr. Bickel and Mr. Forsythe completed an audit of the database and verified data underpinning the MRE. Mr. Forsythe visited the project site on November 4 and 5, 2025.Nevada North Lithium exploration activities are supervised by Mr. Alan J. Morris, C.P.G., Geological Advisor to the Company. Mr. Morris is a qualified person as defined under NI 43-101. Mr. Morris has reviewed and approved the technical contents of this news release.About Surge Battery Metals Inc.Surge Battery Metals Inc., 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 development of high-grade lithium energy metals in Nevada, USA, a crucial element for powering battery electric storage and electric vehicles. With a primary listing on the TSX Venture Exchange in Canada and a listing on the OTCQX Market in the USA, Surge Battery Metals Inc. is strategically positioned as a key player in advancing lithium exploration.About Evolution Mining LimitedEvolution Mining is a leading, globally relevant gold miner. Evolution operates six mines, comprising five wholly-owned mines – Cowal in New South Wales, Ernest Henry and Mt Rawdon in Queensland, Mungari in Western Australia, and Red Lake in Ontario, Canada, and an 80% share in Northparkes in New South Wales.About Nevada North Lithium, LLCNevada North Lithium, LLC, jointly owned by Surge Battery Metals Inc (70.54%) and Evolution Mining Limited (29.46%), owns the Nevada North Lithium Project southeast of Jackpot, Nevada about 73 km north-northeast of Wells, Elko County. The first three rounds of drilling at the project 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 1,500 meters. Highly anomalous soil values and geophysical surveys suggest there is potential for the clay horizons to be much greater in extent. As disclosed in the Company's Preliminary Economic Assessment dated May 19, 2025 (PEA), completed jointly by M3 Engineering & Technology Corp. and Independent Mining Consultants (see the Company's news release dated July 24, 2025 for further information regarding the PEA), the Nevada North Lithium Project reported an after-tax NPV8% US $9.17 Billion and after-tax IRR of 22.8% at $24,000/t LCE and an OPEX of US $5,243/t LCE. The Project now has a pit-constrained Measured & Indicated Resource containing an estimated 10.51 Mt of Lithium Carbonate Equivalent (LCE) grading 3007 ppm Li at a 1,250-ppm cutoff. On behalf of the Board of Directors"Greg Reimer"Greg Reimer,
Director, President & CEOContact Information
Email: info @jb-8184
Website: surgebatterymetals.comKeep up-to-date with Surge Battery Metals: Twitter, Facebook, LinkedIn, Instagram and YouTube.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This document may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target", "plan" or "planned", "possible", "potential", "forecast", "intend", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities including lithium and nickel, the accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals including approvals of title and mining rights or licenses and environmental, local community or indigenous community approvals, the reliability of third party information, continued access to mineral properties or infrastructure or water, changes in laws, rules and regulations including in the United States, Nevada or California or any other jurisdiction which may impact upon the Company or its properties or the commercial exploitation of those properties, currency risks including the exchange rate of USD$ 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.Figure 1: Plan view showing the Upgraded MRE at the NNLP with a 1,250ppm Li cutoff. The $20,000 LCE pit area is shown in dark gray. Four section lines indicate the location of the cross sections below. To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9838/297367_4ef3f0e804d8b948_001full.jpgFigure 2: Section 1 cross section looking ENE at pit-constrained blocks of the Upgraded block model. The blue dashed line indicates the historical PEA mine plan pit boundary.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9838/297367_4ef3f0e804d8b948_002full.jpgFigure 3: Section 2 cross section looking E at pit-constrained blocks of the Upgraded block model. Note the significant expansion of high-grade mineralization on the southern half of this section, well outside the boundaries of the historical PEA Mine Plan Pit. To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9838/297367_4ef3f0e804d8b948_003full.jpgFigure 4: Section 3 cross section looking NNE at pit-constrained blocks of the Upgraded block model. Note the continuous high-grade blocks located immediately below the historical PEA Mine Plan Pit boundary, highlighting high-grade vertical expansion opportunities.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9838/297367_4ef3f0e804d8b948_004full.jpgFigure 5: Section 4 cross section looking NW at pit-constrained blocks of the Upgraded block model. Note the high-grade mineralization extending beneath the historical PEA Mine Plan Pit in the center of the section, plus the high-grade blocks in the topographic low to the southwest, demonstrating significant expansion opportunities both near surface and at depth.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9838/297367_4ef3f0e804d8b948_005full.jpgFigure 6: Plan view showing Measured & Indicated Blocks above 1,250ppm Li Cutoff. The $20,000 LCE pit area is shown in dark gray, and the PEA Mine Plan Pit outlined in black. In addition to converting approximately 87% of the PEA Mine Plan Pit to M&I, there is a significant lateral expansion of M&I blocks outside the historical pit boundary both laterally and at depth below the pit shell (as detailed in the cross sections of Figures 2-5). To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9838/297367_4ef3f0e804d8b948_006full.jpgFigure 7: Plan view showing Measured & Indicated Classifications generated from the Upgraded MRE at the NNLP with a 3,000ppm Li cutoff. The $20,000 LCE pit area is shown in dark gray, and the PEA Mine Plan Pit outlined in black. This high-grade view clearly illustrates the robust lateral continuity of the >3000ppm M&I resource extending well beyond the historical PEA limits, alongside the significant depth potential demonstrated in the previous cross sections (Figures 2-5). To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9838/297367_4ef3f0e804d8b948_007full.jpgTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/297367 Original: Surge Announces Resource Upgrade at Nevada North: 657.5 Mt Grading @ 3,007 ppm Li Containing 10.5 Mt LCE Measured and Indicated Including 6.7 Mt LCE @ 3,820 ppm Li

Surge Battery Metals Announces Application to List on NASDAQ Capital MarketsMay 6, 2026 8:00 AM
NewsfileWest Vancouver, British Columbia--(Newsfile Corp. - May 6, 2026) - Surge Battery Metals Inc. (TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5) (the "Company" or "Surge") is pleased to announce that it has submitted an initial application to list its common shares on the Nasdaq Capital Market (the "Nasdaq").The proposed Nasdaq listing is intended to support Surge's longer-term capital markets strategy by increasing its visibility with U.S. institutional and retail investors, broadening its potential shareholder base, and enhancing trading liquidity over time. The Company believes that a U.S. exchange listing, if completed, would complement its existing listing on the TSX Venture Exchange and position Surge to access deeper and more diversified capital markets as it continues to advance its development objectives."This application reflects an important step in positioning Surge for a potential transition to a more senior U.S. exchange," said Graham Harris, Chairman of Surge. "With approximately C$30 million in treasury, a fully funded pre-feasibility study, and a high-quality lithium asset, we believe the Company is well positioned to continue executing its strategy and, broaden its capital markets profile."As part of this strategy and in anticipation of a potential U.S. exchange listing, Surge has filed a notice of intention to be qualified to file a short-form prospectus under National Instrument 44-101 - Short Form Prospectus Distributions ("NI 44-101"). If eligible, the Company expects to consider relying on the Multi-Jurisdictional Disclosure System ("MJDS") as a pathway to satisfy applicable U.S. registration requirements. MJDS is an established cross-border disclosure framework that allows eligible Canadian issuers to access the U.S. public markets by using disclosure documents prepared largely in accordance with Canadian securities law requirements, including a short-form prospectus and related disclosure, with a U.S. registration statement generally incorporating or otherwise relying on the issuer's Canadian disclosure record and/or Canadian prospectus disclosure. Any potential reliance on MJDS would remain subject to the Company meeting MJDS eligibility criteria, the review (if any) and effectiveness of any U.S. registration statement, and receipt of all necessary Canadian and U.S. regulatory and exchange approvals.The proposed listing of the Company's common shares on Nasdaq remains subject to satisfaction of Nasdaq's initial listing requirements, receipt of all required regulatory approvals, and completion of customary listing processes. There can be no assurance that the Company's application will be approved or that a Nasdaq listing will be completed.About Surge Battery Metals Inc.Surge Battery Metals Inc., 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 development of high-grade lithium energy metals in Nevada, USA, a crucial element for powering battery electric storage and electric vehicles. With a primary listing on the TSX Venture Exchange in Canada and a listing on the OTCQX Market in the USA, Surge Battery Metals Inc. is strategically positioned as a key player in advancing lithium exploration.On behalf of the Board of Directors"Graham Harris"Graham Harris,Chairman of the BoardContact InformationEmail : info @jb-8184Website: surgebatterymetals.comKeep up-to-date with Surge Battery Metals:
Twitter, Facebook, LinkedIn, Instagram, YouTubeNeither 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. Forwards-looking statements herein, include statements related to the conditional financing, the JV, including the terms, management and governance thereof, successfully negotiating and entering into the JVA, Evolution's initial funding of the JV and the map of mineral rights/claims of the JV. 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, including risks related to the ability of the Company to complete the conditional financing, the ability of the Company and Evolution to finalizing the JVA (and any other definitive agreements) on the terms currently contemplated or at all, Evolution's satisfaction of its funding obligation and obtaining requisite approvals. 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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/296182 Original: Surge Battery Metals Announces Application to List on NASDAQ Capital Markets

Surge Battery Metals Inc. Announces Investor Relations and Marketing AgreementsMay 1, 2026 8:00 AM
NewsfileWest Vancouver, British Columbia--(Newsfile Corp. - May 1, 2026) - Surge Battery Metals Inc. (TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5) (the "Company" or "Surge") announces that it has entered into two investor relations and marketing agreements (collectively, the "Agreements"), subject to acceptance by the TSX Venture Exchange (the "TSXV"), to enhance investor awareness and engagement.Winning Media LLC AgreementThe Company has entered into an investor relations and digital marketing services agreement dated April 28, 2026 with Winning Media LLC ("Winning Media"), an arm's length service provider based in Houston, Texas.Under the terms of the agreement, Winning Media will provide a range of investor relations and digital marketing services, including programmatic advertising, financial content distribution, influencer outreach, native advertising, podcast placements, email and SMS campaigns, and other online marketing initiatives designed to increase market awareness of the Company. The agreement is for an initial term of two (2) months, commencing upon TSXV acceptance. In consideration for the services, the Company will pay Winning Media a total fee of US$200,000, payable following TSXV acceptance. No securities will be issued to Winning Media as compensation. Winning Media and its principals are arm's length to the Company and, to the knowledge of the Company, do not currently own any securities of Surge.Rose & Company AgreementThe Company has also entered into an investor relations services agreement with Rose & Company Holdings LLC ("Rose & Co."), an arm's length firm based in New York, effective May 1, 2026, subject to TSXV acceptance.Rose & Co. will provide strategic investor relations services, including investor targeting and outreach, non-deal roadshows, investor feedback analysis, and refinement of the Company's investor messaging and presentation materials. The agreement has an initial term of twelve (12) months, subject to renewal for subsequent 12 month terms on the written agreement of the parties to such renewal. As consideration, the Company will pay Rose & Co. a quarterly cash retainer of US$25,000 (a total of US$100,000 over the initial term). In addition, the Company has agreed to grant 400,000 stock options to Rose & Co., exercisable at a price of $0.75, for a term of three (3) years. 100,000 options will vest three, six, nine and 12 months after issuance, in accordance with TSXV Policy 4.4, and are subject to TSXV approval. Rose & Co. and its principals are arm's length to the Company and, to the knowledge of the Company, do not currently own any securities of Surge.Regulatory MattersBoth Agreements are subject to acceptance by the TSXV. The Company will file all required documentation, including Form 3C's and applicable Personal Information Forms, in accordance with TSXV Policy 3.4. No services will commence and no compensation will be paid until TSXV acceptance has been obtained. The Company confirms that all investor relations activities will be conducted in compliance with applicable securities laws and TSXV policies, including restrictions relating to promotional activities, disclosure, and trading.The Company is also granting a total of 900,000 stock options, exercisable for a period of three years, at an exercise price of $0.75 a share to certain consultants. About Surge Battery Metals Inc.Surge Battery Metals Inc., 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 development of high-grade lithium energy metals in Nevada, USA, a crucial element for powering battery electric storage and electric vehicles. With a primary listing on the TSX Venture Exchange in Canada and a listing on the OTCQX Market in the USA, Surge Battery Metals Inc. is strategically positioned as a key player in advancing lithium exploration.On behalf of the Board of Directors"Greg Reimer"Greg Reimer,
Director, President & CEOContact Information
Email: info @jb-8184
Website: surgebatterymetals.comKeep up-to-date with Surge Battery Metals:
Twitter,  Facebook, LinkedIn, Instagram , YouTubeNeither 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, 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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295399
Original: Surge Battery Metals Inc. Announces Investor Relations and Marketing Agreements

Surge Battery Metals Announces Additional CA$2.1 Million Advance by Evolution Mining to Nevada North Lithium LLCApril 15, 2026 7:00 AM
NewsfileWest Vancouver, British Columbia--(Newsfile Corp. - April 15, 2026) - Surge Battery Metals Inc. (TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5) (the "Company" or "Surge") is pleased to announce that Nevada North Lithium LLC ("NNL"), the joint venture formed by subsidiaries of Surge and Evolution Mining Limited ("Evolution"), has received an additional CA$2,100,000 advance from Evolution pursuant to the terms of NNL's amended and restated operating agreement. Evolution has previously advanced CA$4,700,000. This capital has financed the successful 2025 infill drill program, ongoing mineral resource estimate, metallurgical testing, preliminary feasibility study ("PFS") engineering and overall mine planning. The fully funded PFS remains on budget, and the CA$2,100,000 advance will finance continued Q2 PFS activities. Under the amended and restated operating agreement announced by Surge on December 2, 2025, Surge and Evolution formed NNL to advance the Nevada North Lithium Project ("NNLP") in Elko County, Nevada, with Surge initially holding a 77% interest and Evolution holding a 23% interest. Under that agreement, Evolution committed to fund up to CA$10,000,000 toward the project's preliminary feasibility study in exchange for additional 9.5% ownership interest in NNL. With advances to date, Surge holds 70.54% of NNL, with Evolution holding 29.46%.Mr. Greg Reimer, President & Chief Executive Officer and Director of Surge, commented, "We are pleased to report this additional funding by Evolution Mining into Nevada North Lithium LLC. This advance further supports development of the NNLP and reflects the continued momentum of the joint venture as work progresses on the project's prefeasibility activities. This funding, together with the CA$30,000,000 in the Surge treasury, leaves the Company in a strong financial position to move the NNL project forward." NNL was established to continue the development of the Nevada North Lithium Project, with the initial focus on facilitating completion of a preliminary feasibility study evaluating the project's development potential. Surge remains the manager of the project with responsibility for day-to-day management of the JV's operations in accordance with the JV agreement.Qualified Person:Alan J. Morris, MSc, CPG of Spring Creek, Nevada, Geological Advisor to the Company, and a Qualified Person as defined under National Instrument 43-101, has reviewed and approved the technical aspects of this news release.About Surge Battery Metals Inc.Surge Battery Metals Inc., 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 development of high-grade lithium energy metals in Nevada, USA, a crucial element for powering battery electric storage and electric vehicles. With a primary listing on the TSX Venture Exchange in Canada and a listing on the OTCQX Market in the USA, Surge Battery Metals Inc. is strategically positioned as a key player in advancing lithium exploration.About Evolution Mining LimitedEvolution Mining is a leading, globally relevant gold miner. Evolution operates six mines, comprising five wholly-owned mines - Cowal in New South Wales, Ernest Henry and Mt Rawdon in Queensland, Mungari in Western Australia, and Red Lake in Ontario, Canada, and an 80% share in Northparkes in New South Wales.About Nevada North Lithium LLCNevada North Lithium LLC, jointly owned by Surge Battery Metals Inc (70.54%) and Evolution Mining Limited (29.46%), owns the Nevada North Lithium Project southeast of Jackpot, Nevada about 73 km north-northeast of Wells, Elko County. The first three rounds of drilling at the project 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 1,500 meters. Highly anomalous soil values and geophysical surveys suggest there is potential for the clay horizons to be much greater in extent. As disclosed in the Company's Preliminary Economic Assessment dated May 19, 2025 (PEA), completed jointly by M3 Engineering & Technology Corp. and Independent Mining Consultants (see the Company's news release dated July 24, 2025 for further information respecting the PEA), the Nevada North Lithium Project has a pit-constrained Inferred Resource containing an estimated 11.24 Mt of Lithium Carbonate Equivalent (LCE) grading 3010 ppm Li at a 1,250-ppm cutoff. The PEA reported an after-tax NPV8% US $9.17 Billion and after-tax IRR of 22.8% at $24,000/t LCE and an OPEX of US $5,243/t LCE.On behalf of the Board of Directors"Greg Reimer"Greg Reimer,
Director, President & CEOContact Information
Email: info @jb-8184
Website: surgebatterymetals.comKeep up-to-date with Surge Battery Metals: Twitter, Facebook, LinkedIn, Instagram and YouTube.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This document may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan" or "planned", "possible", "potential", "forecast", "intend", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities including lithium and nickel, the accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals including approvals of title and mining rights or licenses and environmental, local community or indigenous community approvals, the reliability of third party information, continued access to mineral properties or infrastructure or water, changes in laws, rules and regulations including in the United States, Nevada or California or any other jurisdiction which may impact upon the Company or its properties or the commercial exploitation of those properties, currency risks including the exchange rate of USD$ 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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/292474
Original: Surge Battery Metals Announces Additional CA$2.1 Million Advance by Evolution Mining to Nevada North Lithium LLC

Five Drill Programs That Could Reshape the Critical Minerals RaceMarch 30, 2026 9:05 AM
PR Newswire (US)

Issued on behalf of Americore Resources Corp.VANCOUVER, March 30, 2026 /PRNewswire/ -- USANewsGroup.com Sector Commentary — The mining world spent $12.4 billion on exploration last year, and almost all of it went to one place: deposits somebody already knew were there[1]. New discoveries? Barely funded. That tells you where the smart money sees value right now. It's in companies drilling known ground, upgrading historic resources, and putting bankable numbers on the board. Meanwhile, silver just posted its sixth straight year of supply deficits, with 67 million ounces of shortfall projected for 2026 alone[2]. Five companies sit at the center of that thesis: Americore Resources (TSXV: AMCO) (OTCQB: AMCOF), Talon Metals (TSX: TLO) (OTCID: TLOFF), Q2 Metals (TSXV: QTWO) (OTCQB: QUEXF), Surge Battery Metals (TSXV: NILI) (OTCQX: NILIF), and ATEX Resources (TSXV: ATX) (OTCQB: ATXRF).







The math keeps getting harder for the bulls to ignore. CME Group's 2026 outlook flags persistent physical deficits across silver, copper, and gold, noting that industrial demand is simply outrunning what mines can produce[3]. And with S&P Global reporting that precious metals margins have hit record levels, producers are plowing cash back into resource expansion drilling at proven sites rather than chasing greenfield risk[4]. That dynamic is turning advanced drill campaigns into the primary value catalyst of this cycle.Americore Resources (TSXV: AMCO) (OTCQB: AMCOF) is building toward a Q2 2026 drill program at its wholly owned Trinity Silver Project in Pershing County, Nevada, and the pre-drill checklist is getting shorter.Pioneer Exploration Consultants of Ottawa recently completed a drone-magnetometer survey covering roughly 350 line-km of ground, flying a six-kilometre corridor that runs southwest to northeast through the old Trinity open pit. Campbell and Walker Geophysics is now interpreting those results alongside every piece of historic geophysical data the company has on file. The end product will be a single structural model mapping what sits below the surface across the full project footprint.The project itself spans 22,700 acres, anchored by a former US Borax open pit with optioned ground from Primus Resources filling out the rest of the land package. Americore holds a historic resource of 36 million silver-equivalent ounces across the property, backed by an extensive legacy drill database that will serve as the starting framework for the upcoming campaign.On the permitting side, Americore is working through approvals covering both BLM land and fee land regulated by Nevada's Bureau of Mining Regulation and Reclamation. The BLM portion falls under a Notice of Disturbance for under five acres, a streamlined process that avoids the longer timelines tied to more complex regulatory filings."The exploration plan, which includes both confirmation and expansion drilling, is to move the resource from Inferred to Indicated," said Jeff Poloni, CEO of Americore Resources Corp. "which will then become the foundation for a new mineral resource estimate."The confirmation drilling will test known mineralization against the historic database, while the expansion component targets new ground along the structural corridor identified by the geophysical work. If the program delivers, the upgraded resource classification would position the project for a formal mineral resource estimate under current standards.Americore is also exploring monetization options for an existing above-ground stockpile at Trinity, a potential near-term revenue source that could generate cash flow while the longer-term drill program advances.CONTINUED… Read this and more on Americore at: https://usanewsgroup.com/2026/01/12/the-only-silver-that-matters-now-is-silver-you-can-touch/Other industry developments and happenings in the market include:Talon Metals (TSX: TLO) (OTCID: TLOFF) recently reported step-out drilling results confirming the continuity of the Vault Zone at the Tamarack Nickel-Copper-Cobalt Project in Minnesota, with drill hole 25TK0563C intercepting 15.23 meters grading 7.82% Ni, 7.70% Cu, and 3.09 g/t Au, equivalent to 27.33% CuEq. A new drill hole in the Stringer Zone intersected 18.91 meters of mixed massive sulphides starting 79 meters below the current resource boundary, while mineralization remains open in all directions across the system."These step-out results are exactly the kind of confirmation we look for after a discovery — continuity, repeatability, and clear next targets," said Darby Stacey, CEO of Talon Metals. "With multiple rigs actively drilling, we're focused on expanding and delineating the Vault Zone as efficiently as possible."Three in-house drill rigs continue advancing the Vault Zone, guided by borehole electromagnetic data, with additional geological drill holes planned beyond the current reach of that detection system to test further extensions. Talon Metals holds a 51% interest in the Tamarack project in joint venture with Rio Tinto and maintains a Tesla supply agreement for 75,000 metric tonnes of nickel in concentrate.Q2 Metals (TSXV: QTWO) (OTCQB: QUEXF) has reported multiple 200-metre-plus intervals of continuous spodumene pegmatite from its 2026 drill program at the Cisco Lithium Project in Quebec, including a widest continuous interval of 264.6 metres in hole CS25-071 and 240.4 metres in CS26-078. The inaugural inferred Mineral Resource Estimate is now being modelled by BBA Inc. incorporating analytical data from 74 holes completed across 37,372 metres of drilling."We have opted to extend the timeline for completion of the MRE to enable BBA's detailed interpretation and modeling of the Cisco Project's mineralization to include this compelling data from our 2026 drilling," said CEO Alicia Milne of Q2 Metals. "We look forward to delivering an estimate that truly reflects Cisco's world-class potential."With mineralization confirmed open at depth and along strike across a 1.5-kilometre zone, the Cisco Project continues to demonstrate district-scale potential within the Eeyou Istchee James Bay region. Q2 Metals retains a 41,253-hectare project footprint, with expansion drilling ongoing and an exploration target previously estimated at 215 to 329 million tonnes grading 1.0 to 1.38% Li2O.Surge Battery Metals (TSXV: NILI) (OTCQX: NILIF) has engaged RESPEC to complete an updated Mineral Resource Estimate for the Nevada North Lithium Project in Elko County, Nevada, following a highly successful 2025 drill program that confirmed continuity and grade of the lithium clay deposit. A comprehensive 3D geological model has been handed over to the RESPEC team with delivery of the updated MRE expected by late April 2026."This upcoming MRE update is a significant milestone for the NNLP," said Greg Reimer, CEO of Surge Battery Metals. "By upgrading this resource to the Measured and Indicated categories, we continue to derisk the asset and provide our world-class engineering partners at Fluor with the high-confidence data they need to finalize our Pre-Feasibility flowsheet."The primary objective of the updated MRE is converting a substantial portion of the current inferred resource into higher-confidence Measured and Indicated categories to anchor the ongoing Pre-Feasibility Study being advanced by Fluor Corporation. The Nevada North Lithium Project currently holds a pit-constrained inferred resource of 11.24 million tonnes of lithium carbonate equivalent at 3,010 ppm Li, with a previously reported PEA after-tax NPV of US$9.17 billion.ATEX Resources (TSXV: ATX) has significantly expanded its B2B mineralized footprint by at least 135 metres to the east at the Valeriano Copper-Gold project in Chile's Atacama Region, with hole ATXD34 returning 172 metres of 0.80% copper equivalent within a broader 834-metre interval grading 0.66% CuEq. Porphyry-related mineralization has now been intersected across an approximately 1.8-kilometre north-south corridor, and the Phase VI program is tracking ahead of schedule toward more than 30,000 metres of total drilling."Today's drill results represent another important step forward in our understanding of the structural controls and orientation of the higher-grade breccia within a broader mineralized system that has now been significantly expanded to the east," said Interim CEO Chris Beer of ATEX Resources. "This horizon lies above the high-grade Valeriano porphyry trend and remains open for further expansion into untested areas."Six diamond rigs remain active at Valeriano with a dozen holes currently in progress or awaiting assays, targeting northern and southern extensions of the B2B Zone alongside multiple new porphyry targets identified through recent geophysical surveys. ATEX Resources holds an Indicated Resource of 475 Mt at 0.88% CuEq and an Inferred Resource of 1,511 Mt at 0.75% CuEq as of its September 2025 mineral resource estimate.FURTHER READING: https://usanewsgroup.com/2026/01/12/the-only-silver-that-matters-now-is-silver-you-can-touch/CONTACT:
USA NEWS GROUP
info @acblanke1DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. (MIQ). MIQ has been paid a fee for Americore Resources Corp. advertising and digital media from the company directly. There may be 3rd parties who may have shares of Americore Resources Corp., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ owns shares of Americore Resources Corp. which were purchased in the open market, and/or through private placements, and reserve the right to buy and sell, and will sell shares of Americore Resources Corp. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ has been approved by Americore Resources Corp.; this is a paid advertisement, we currently own shares of Americore Resources Corp. and will sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.SOURCES:https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/03/world-exploration-trends-2026-what-the-latest-data-says-about-budgets-risk-appetite-and-the-project-pipeline https://silverinstitute.org/global-silver-investment-to-remain-strong-in-2026-against-the-backdrop-of-a-sixth-consecutive-annual-market-deficit/ https://www.cmegroup.com/articles/2026/precious-metals-outlook-2026-market-dynamics-following-a-record-breaking-year.html https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/01/mine-cost-outlook-2026-inflation-new-supply-reshape-global-mining-landscapeLogo - https://mma.prnewswire.com/media/2838876/5656770/USA_News_Group_Logo.jpg



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Original: Five Drill Programs That Could Reshape the Critical Minerals Race

RESPEC Engaged to Upgrade Nevada North Lithium Mineral Resource EstimateMarch 24, 2026 7:00 AM
NewsfileHigh-resolution 3D geological model handed over - process underway to convert resource to Measured and Indicated categories to support ongoing Pre-Feasibility Study.West Vancouver, British Columbia--(Newsfile Corp. - March 24, 2026) - Surge Battery Metals Inc. (TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5) (the "Company" or "Surge") is pleased to announce that Nevada North Lithium LLC ("NNL"), the joint venture formed by Surge and Evolution Mining Limited ("Evolution"), has engaged RESPEC to complete an updated Mineral Resource Estimate (MRE) for the Nevada North Lithium Project (NNLP) located in Elko County, Nevada.Following a highly successful 2025 drill program, all geological data has been processed, and a comprehensive, 3D geological model has been successfully handed over to the RESPEC team. RESPEC is expected to deliver the updated MRE by late April 2026.A primary objective of this updated MRE is the conversion of a significant portion of the current Inferred resource into the higher-confidence Measured and Indicated categories. This upgraded resource will serve as the foundational geological baseline for the ongoing Pre-Feasibility Study (PFS), which is currently being advanced by Fluor Corporation.Founded in 1969, RESPEC is a global leader in geoscience, engineering, data, and integrated technology solutions. The firm specializes in supporting the mining industry from exploration to reclamation, offering deep expertise in mineral resource estimations, subsurface geology interpretation, and mining engineering. Mr. Greg Reimer, President & Chief Executive Officer and Director of Surge, commented, "This upcoming MRE update is a significant milestone for the NNLP. The 2025 drill program was successful in confirming the continuity, true thickness, and premium grade of the Nevada North deposit. By upgrading this resource to the Measured and Indicated categories, we continue to derisk the asset and provide our world-class engineering partners at Fluor with the high-confidence data they need to finalize our Pre-Feasibility flowsheet."Qualified Person:
Alan J. Morris, MSc, CPG of Spring Creek, Nevada, Geological Advisor to the Company, and a Qualified Person as defined under National Instrument 43-101, has reviewed and approved the technical aspects of this news release.About Surge Battery Metals Inc.
Surge Battery Metals Inc., 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 development of high-grade lithium energy metals in Nevada, USA, a crucial element for powering battery electric storage and electric vehicles. With a primary listing on the TSX Venture Exchange in Canada and a listing on the OTCQX Market in the USA, Surge Battery Metals Inc. is strategically positioned as a key player in advancing lithium exploration.About Evolution Mining Limited
Evolution Mining is a leading, globally relevant gold miner. Evolution operates six mines, comprising five wholly-owned mines – Cowal in New South Wales, Ernest Henry and Mt Rawdon in Queensland, Mungari in Western Australia, and Red Lake in Ontario, Canada, and an 80% share in Northparkes in New South Wales.About Nevada North Lithium LLC
Nevada North Lithium LLC, jointly owned by Surge Battery Metals Inc (72.5%) and Evolution Mining Limited (27.5%), owns the Nevada North Lithium Project southeast of Jackpot, Nevada about 73 km north-northeast of Wells, Elko County. The first three rounds of drilling at the project 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 1,500 meters. Highly anomalous soil values and geophysical surveys suggest there is potential for the clay horizons to be much greater in extent. The Nevada North Lithium Project has a pit-constrained Inferred Resource containing an estimated 11.24 Mt of Lithium Carbonate Equivalent (LCE) grading 3010 ppm Li at a 1,250-ppm cutoff. The recently completed PEA for the project reported an after-tax NPV8% US $9.17 Billion and after-tax IRR of 22.8% at $24,000/t LCE and an OPEX of US $5,243/t LCE. On behalf of the Board of Directors"Greg Reimer"Greg Reimer,
Director, President & CEOContact Information
Email: info @jb-8184
Website: surgebatterymetals.comKeep up-to-date with Surge Battery Metals:
 Twitter  Facebook  LinkedIn  Instagram  YouTube.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This document may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target", "plan" or "planned", "possible", "potential", "forecast", "intend", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities including lithium and nickel, the accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals including approvals of title and mining rights or licenses and environmental, local community or indigenous community approvals, the reliability of third party information, continued access to mineral properties or infrastructure or water, changes in laws, rules and regulations including in the United States, Nevada or California or any other jurisdiction which may impact upon the Company or its properties or the commercial exploitation of those properties, currency risks including the exchange rate of USD$ 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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/289662
Original: RESPEC Engaged to Upgrade Nevada North Lithium Mineral Resource Estimate

CEO.CA Insights: Exclusive Interviews from Mining Leaders at PDAC 2026March 20, 2026 7:00 AM
NewsfileToronto, Ontario--(Newsfile Corp. - March 20, 2026) - CEO.CA, the leading investor social network in junior resource and venture stocks, shares comprehensive video coverage from the recent PDAC convention in Toronto, ON, Canada.Founded in 2012, CEO.CA, a wholly owned subsidiary of EarthLabs, Inc., is one of the most popular free financial websites and apps in Canada and for investors globally - with industry leading audience engagement and mobile functionality. Millions of people visit CEO.CA each year to connect with investors from around the world, share knowledge and view impactful stories about stocks, commodities, and emerging companies.As a media partner at investor events around the world, CEO.CA provides coverage of the companies shaping the future of mining, meeting with industry leaders to learn more about their vision and strategy.Get to Know the Leaders Transforming the Future of MiningTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9758/289303_5b6cdcdb7476ea55_001full.jpgTo view the PDAC Conference Interviews, please visit: https://www.youtube.com/watch?v=T0cAdXZUP10&list=PLsD-m-bMQxKbst4Udrum54ymBRMrb-TK7 Battery MetalsPeloton Minerals (CSE: PMC) (OTCQB: PMCCF)St George Mining (ASX: SGQ)Surge Battery Metals (TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5)Copper:Algo Grande Copper (TSXV: ALGR) (OTC Pink: KNDYF) (FSE: KM00)Barksdale Resources (TSXV: BRO) (OTCQB: BRKCF) (FSE: 2NZ)C3 Metals (TSXV: CCCM)Element 29 Resources (TSXV: ECU) (OTCQB: EMTRF) (BVL: ECU)Gunnison Copper (TSX: GCU) (OTCQB: GCUMF) (FSE: 3XS0)Midnight Sun (TSXV: MMA) (OTCQX: MDNGF)Mogotes Metals (TSXV: MOG) (OTCQB: MOGMF) (FSE: OY4)Sendero Resources (TSXV: SEND)Critical MetalsAntimony Resources (CSE: ATMY) (OTCQB: ATMYF) (FSE: K8J0)Nine Mile Metals (CSE: NINE) (OTC PINK: VMSXF) (FSE: KQ9)Scandium Canada (TSXV: SCD)ValOre Metals (TSXV: VO) (OTCQB: KVLQF) (FSE: KEQ0)West High Yield Resources (TSXV: WHY) (FSE: W0H)Gold:Alamos Gold (TSX: AGI) (NYSE: AGI)Amex Exploration (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF)Bold Ventures (TSXV: BOL)Delta Resources (TSXV: DLTA) (OTC Pink: DTARF) (FSE: 6GO1)Dryden Gold (TSXV: DRY) (OTCQB: DRYGF) (FSE: X7W)Eminent Gold (TSXV: EMNT) (OTCQB: EMGDF) (FSE: 7AB)Emperor Metals (CSE: AUOZ) (OTCQB: EMAUF) (FSE: 9NH)Falco Resources (TSXV: FPC)Golden Cariboo Resources (CSE:GCC) (OTCQB: GCCFF) (WKN: A402CQ) (FSE: 3TZ)McFarlane Lake Mining (CSE: MLM) (OTCQB: MLMLF)Mineros SA (TSX: MSA) (OTCQX: MNSAF) (BVC: MINEROS)Newcore Gold (TSXV: NCAU) (OTCQX: NCAUF)Northstar Gold (CSE: NSG)Ridgeline Minerals (TSXV: RDG) (OTCQB: RDGMF) (FSE: 0GC0)Rua Gold (TSX: RUA) (NZ: RGI) (OTCQX: NZAUF)Talisker Resources (TSX: TSK) (OTCQX: TSKFF)Thesis Gold & Silver (TSXV: TAU) (OTCQX: THSGF) (FSE: A422AH)TomaGold (TSXV: LOT) (OTC Pink: TOGOF)Polymetallic:Aurania Resources (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q)Spartan Metals (TSXV: W) (OTCQB: SPRMF) (FSE: J03)Royalty Streaming:Ecora Resources (LSE: ECOR) (TSX: ECOR) (OTCQX: ECRAF)Electric Royalties (TSXV: ELEC) (OTCQB: ELECF)Silver:GR Silver Mining (TSXV: GRSL) (OTCQX: GRSLF) (FSE: GPE)Honey Badger Silver (TSXV: TUF) (OTCQB: HBEIF)Pinnacle Silver and Gold (TSXV: PINN) (OTCID: PSGCF) (FSE: P9J)Silver Hammer Mining (CSE: HAMR)Silvercorp Metals (TSX: SVM) (NYSE American: SVM)Uranium:Nexus Uranium (CSE: NEXU) (OTCQB: NEXUF) (FSE: JA7)Other:Karen Rees, PDAC PresidentRick Rule, Founder and CEO of Rule Investment MediaAbout CEO.CAThe leading community for investors & traders in junior resource & venture stocks. CEO.CA is one of the most popular free financial websites and apps in Canada and for small-cap investors globally -- with industry leading audience engagement and mobile functionality. Since 2012, CEO.CA has brought millions of investors together from over 164 countries to discuss their portfolio holdings and find new investment opportunities. Download our App on iOS or Android marketplace or visit us today at CEO.CA to set up your free account.CEO.CA is a wholly owned subsidiary of EarthLabs, Inc.For further information, please contact:CEO.CA
Email: hello@ceo.ca
Website: CEO.CANeither the TSX Venture Exchange ("TSXV"), OTC Best Market ("OTCQX") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.Cautionary StatementThe information regarding any issuer contained or referred to in any interviews conducted by CEO.CA has been furnished by such issuer directly, and neither CEO.CA nor any of its affiliates or principals assumes any responsibility for the accuracy or completeness of such information or for any failure by an issuer to ensure disclosure of events or facts which may affect the significance or accuracy of any such information.No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains forward-looking information which involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release may include, but is not limited to, the objectives, goals, future plans, statements regarding exploration results and exploration and/or development plans of companies featured on the CEO.CA platform. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development of projects, currency risk and the other risks involved in the applicable exploration and development industry, and those risks set out in the public documents of such companies filed on SEDAR+ or elsewhere from time to time. Undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. CEO.CA disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/289303
Original: CEO.CA Insights: Exclusive Interviews from Mining Leaders at PDAC 2026

Surge Announces Former Berkshire Hathaway Energy Executive Mr. Richard Weech Joins the Board as an Independent DirectorMarch 17, 2026 7:00 AM
NewsfileWest Vancouver, British Columbia--(Newsfile Corp. - March 17, 2026) - Surge Battery Metals Inc. (TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5) (the "Company" or "Surge") is pleased to announce that former Berkshire Hathaway Energy executive, Mr. Richard Weech, has joined the Board of the Company as an Independent Director.Mr. Weech is an executive professional with a thirty-five-year record of leading and contributing to high-achieving organizations delivering superior results in a variety of diverse leadership, financial, and operating roles in public and private businesses. He has extensive experience in leading and building businesses, developing people, raising capital, strategic planning, business development, joint venture structuring and risk management. Before his retirement in 2022, Mr. Weech spent 2014 through July 2022 responsible for leading the Berkshire Hathaway Energy subsidiaries, BHE Investments and BHE Renewables, through significant asset and financial growth that included developing and evaluating lithium extraction opportunities. Mr. Weech holds the CA, CPA, CFA professional designations and graduated with a Bachelor of Commerce with Distinction from the University of Alberta.Mr. Weech commented: "I am excited to join the Surge Board of Directors and contribute to the successful development of a world class lithium critical mineral opportunity."In connection with the appointment of Mr. Weech to the Company's Board of Directors, the Company has received the resignation of Mr. Ted O'Connor. The Company wishes to thank Mr. O'Connor for his contribution as a director and wishes him well in his future endeavors.The company is also granting a total of 5,000,000 stock options, exercisable for a period of five years, at an exercise price of $0.60 cents a share to certain directors, officers, and consultants.Qualified PersonAlan J. Morris, MSc, CPG of Spring Creek, Nevada, Geological Advisor to the Company, and a Qualified Person as defined under National Instrument 43-101, has reviewed and approved the technical aspects of this news release.About Surge Battery Metals Inc.
Surge Battery Metals Inc., 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 development of high-grade lithium energy metals in Nevada, USA, a crucial element for powering battery electric storage and electric vehicles. With a primary listing on the TSX Venture Exchange in Canada and a listing on the OTCQX Market in the USA, Surge Battery Metals Inc. is strategically positioned as a key player in advancing lithium exploration.About Evolution Mining Limited
Evolution Mining is a leading, globally relevant gold miner. Evolution operates six mines, comprising five wholly-owned mines - Cowal in New South Wales, Ernest Henry and Mt Rawdon in Queensland, Mungari in Western Australia, and Red Lake in Ontario, Canada, and an 80% share in Northparkes in New South Wales.About Nevada North Lithium LLC
Nevada North Lithium LLC owns the Nevada North Lithium Project southeast of Jackpot, Nevada about 73 km north-northeast of Wells, Elko County. The first three rounds of drilling at the project 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 1,500 meters. Highly anomalous soil values and geophysical surveys suggest there is potential for the clay horizons to be much greater in extent. The Nevada North Lithium Project has a pit-constrained Inferred Resource containing an estimated 11.24 Mt of Lithium Carbonate Equivalent (LCE) grading 3010 ppm Li at a 1,250-ppm cutoff. The recently completed PEA for the project reported an after-tax NPV8% US $9.17 Billion and after-tax IRR of 22.8% at $24,000/t LCE and an OPEX of US $5,243/t LCE. On behalf of the Board of Directors"Greg Reimer"Greg Reimer,
Director, President & CEOContact Information
Email : info @jb-8184
Website: surgebatterymetals.comKeep up-to-date with Surge Battery Metals:
Twitter Facebook LinkedIn Instagram YouTubeNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This document may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan" or "planned", "possible", "potential", "forecast", "intend", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities including lithium and nickel, the accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals including approvals of title and mining rights or licenses and environmental, local community or indigenous community approvals, the reliability of third party information, continued access to mineral properties or infrastructure or water, changes in laws, rules and regulations including in the United States, Nevada or California or any other jurisdiction which may impact upon the Company or its properties or the commercial exploitation of those properties, currency risks including the exchange rate of USD$ 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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288797
Original: Surge Announces Former Berkshire Hathaway Energy Executive Mr. Richard Weech Joins the Board as an Independent Director

Surge Drills 116 Meters of 3,752 ppm Lithium in Infill Drilling; Including 32m of 4,521 ppm LithiumFebruary 25, 2026 7:00 AM
NewsfileProgram Confirms Near-Surface Economics, Advances Crucial Data Collection and Further Defines High Grade CoreWest Vancouver, British Columbia--(Newsfile Corp. - February 25, 2026) - Surge Battery Metals Inc. (TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5) (the "Company" or "Surge") is pleased to announce that Nevada North Lithium LLC ("NNL"), the joint venture formed by Surge and Evolution Mining Limited ("Evolution"), has reported the second and final batch of assay results from its 2025 core drilling program at the Nevada North Lithium Project ("NNLP").Following the successful step-out results reported in Part 1 (see news release dated February 17, 2026), these final five holes focused on infill drilling to support the upcoming Pre-Feasibility Study ("PFS"). The results confirm the continuity and high grade of the deposit's core.Highlights from the Final 5 Holes:Significant High-Grade Intercepts: Hole NNL-030 intersected a cumulative thickness of 116 meters (381 ft) averaging 3,752 ppm Lithium (Li), including a high-grade upper zone of 32.1 meters (105 ft) grading 4,521 ppm Li.Deposit Continuity: Hole NNL-036 confirmed the robustness of the resource, returning 78.6 meters (258 ft) averaging 3,141 ppm Li, including a deep, high-grade basal zone grading 4,580 ppm Li.Critical Hydrogeological Data: Hole NNL-035, strategically positioned near Texas Spring, provided essential groundwater monitoring data. While this hole intersected a high-energy fluvial channel (resulting in naturally eroded clay horizons), it successfully installed Vibrating Wire Piezometers (VWPs) to model the basin's hydrology-a key requirement for the PFS and permitting.Critical Geotechnical Data: Successfully captured high-resolution televiewer data and completed geotechnical logging across all 2025 drill holes, ensuring precise modeling of fault structures. Representative samples from every lithological unit are now undergoing rock strength testing to define safe pit wall angles for the PFS. Strategic By-Product Potential: Infill drilling consistently returns consistently elevated concentrations of Cesium (up to 163 ppm) and Rubidium (up to 349 ppm) directly associated with the lithium core. The Company is actively evaluating the deportment of these high-value critical minerals in the ongoing metallurgical study, representing an opportunity for the project's value proposition.Table 1. NNLP 2025 core drilling, total mineralizationHole IDThickness (m)Thickness (ft)Li (ppm)Cs (ppm)Rb (ppm)NNL-030116.04380.73752122290NNL-03282.29270366498287NNL-03344.12144.83285102247NNL-03523.0675.7174345102NNL-03678.632583141942371250 ppm cutoff grade

 True Thickness and Interval CalculationSample intervals were determined based on easily identified lithological contacts, such as the distinct tuff/clay boundary. While nominal sample lengths were typically 5 feet (1.52 meters), some intervals were adjusted to respect these geological contacts. All reported composite grades account for these variations and are length weighted. All drill holes in this program are vertical. Because the local geology generally dips at approximately 20 degrees to the west, the true thickness of the mineralized intervals is estimated to be approximately 94% of the reported drilled thicknesses.Drill Results DiscussionHigh-Grade Infill (NNL-030, NNL-031, NNL-032, NNL-036) The primary objective of these holes was to convert Inferred Resources to the Indicated and Measured categories. The results exceeded expectations, with consistent mineralization intersected across significant widths.Hole NNL-030 stands out as a top-tier intercept, returning nearly 120 meters averaging >3,700 ppm Li, confirming the presence of a thick, ultra-high-grade core that will likely drive early-year economics in the mine plan.Hole NNL-032, in the center of the current resource, bolsters the high Li grades and thicknesses of horizons in the center of the deposit. Hole NNL-033 fills in a critical area in the north of the resource, connecting the two-hole pad in the northeast to the rest of the mineralized sequence. Hole NNL-035 targeted a strategic hydrogeological location near Texas Spring. Drilling encountered a localized fluvial scour zone, resulting in a thinner mineralized interval (23.1m @ 1,743 ppm Li). Crucially, the hole was successfully completed as a monitoring well with Vibrating Wire Piezometers (VWPs) . This installation provides the essential groundwater data required to calibrate the regional model and de-risk the environmental permitting timeline.Hole NNL-036 demonstrated that high-grade mineralization persists at depth, intersecting a 9.4-meter zone of 4,580 ppm Li near the bottom of the hole (422-453 ft).Table 2. Mineralized interceptsHole IDFrom (m)To (m)Thick (m)From (ft)To (ft)Thick (ft)Li (ppm)Cs (ppm)Rb(ppm)NNL-03028.2260.3532.192.6198105.44521163346NNL-03069.4990.5221.0228297693788109288NNL-03098.81160.4761.7324.2526.5202.33365105264NNL-030163.97165.191.2253854242380122168.5NNL-030Total116.04 Total380.73752122290









Hole IDFrom (m)To (m)Thick (m)From (ft)To (ft)Thick (ft)Li (ppm)Cs (ppm)Rb(ppm)NNL-0328.2324.9916.82782554081124333NNL-03232.6196.6264.0107317210361092280NNL-032105.15106.671.5345350513357292NNL-032Total82.29Total270366498287









Hole IDFrom (m)To (m)Thick (m)From (ft)To (ft)Thick (ft)Li (ppm)Cs (ppm)Rb(ppm)NNL-03317.0741.4524.456136804386137300NNL-03355.7865.539.818321532213759147NNL-03385.195.0910.0279.231232.8171960214NNL-033 Total44.12Total144.83285102247







Hole IDFrom (m)To (m)Thick (m)From (ft)To (ft)Thick (ft)Li (ppm)Cs (ppm)Rb(ppm)NNL-0356.719.753.0422321011903680NNL-03546.1756.9910.8151.518735.5202269146NNL-03561.5764.613.0420221210117029.353.5NNL-03586.892.966.16284.830520.218101762NNL-035Total23.06Total75.7174345102







Hole IDFrom (m)To (m)Thick (m)From (ft)To (ft)Thick (ft)Li (ppm)Cs (ppm)Rb(ppm)NNL-03634.1463.0929.0112207953907134271NNL-03671.9385.9514.023628246259371180NNL-03699.66115.2115.632737851229162202NNL-036116.431214.638239715198571235NNL-036128.6256138.07449.4422453314580105362NNL-036139.29145.386.094574772015674299NNL-036Total78.63Total258314194237 Mr. Greg Reimer, President & Chief Executive Officer and Director of Surge, commented, "This infill drilling is doing exactly what it was designed to do: upgrade the resource, confirm continuity of some of our best lithium intercepts and de-risk the early years of a potential mine plan at Nevada North. Coupled with a robust PEA economic profile, we believe Nevada North is strongly positioned as we move forward with the development of our PFS. We look forward to updating the Mineral Resource Estimate as our next key milestone."Sample Custody and Handling, QA/QC:For the 2025 drilling program, Surge geologists implemented a rigorous quality assurance and quality control (QA/QC) protocol. Drill core (drilled at PQ size) was logged, photographed, split, and sampled at the Company's secure sample processing facility in Twin Falls, ID. Sample intervals were typically set at 5 feet (1.52m), adjusted for lithological contacts to ensure representative sampling. To preserve material for future metallurgical testing and library core, clay intervals were sampled as quarter-core (¼), which is deemed representative due to the strong lateral continuity of the lakebed deposit. Where duplicates were required, two quarter-core samples were submitted. Tuff (non-mineralized) intervals were sampled as half-core (½). Core was cut using a diamond saw for competent rock or manually for softer clay-rich intervals to ensure representative sampling.Samples were placed in barcode-labeled standard 20"x24" polyester Heavy Sentry bags and transported to ALS Global's preparation laboratory in Twin Falls, ID (located 3.3 miles from Surge's core facility). Following preparation, pulps were securely shipped to the ALS Global laboratory in Vancouver, BC, for analysis. ALS Global is an independent, ISO/IEC 17025 certified laboratory. Samples were analyzed using the ME-MS41 method (ultra-trace aqua regia digestion with an ICP-MS finish).For the entire 2025 drill program, 134 out of 806 QA/QC samples were submitted, representing approximately 16.6% of the 806 total samples analyzed. This included the systematic insertion of certified reference materials (MEG standards), blanks, and quarter-core duplicates.Blanks: 43 blank samples were inserted. All but one returned values < 50 ppm Li, consistent with background levels for the blank material used. One outlier was reported at 81.8 ppm Li.Standards: 47 lithium standards were inserted, comprising three certified grades (approximately 720 ppm, 1606 ppm, and 2536 ppm Li). All standards performed within acceptable limits, demonstrating high analytical accuracy across the grade range.Note: This program introduced a new site-specific standard grading 2,536 ppm Li, developed directly from NNLP mineralized material to ensure matrix-matched analytical accuracy.Duplicates: 44 duplicate samples were analyzed. All duplicates fell within 10% tolerance, confirming consistent reproducibility of the sampling and analytical methods. Qualified Person:Alan J. Morris, MSc, CPG of Spring Creek, Nevada, Geological Advisor to the Company, and a Qualified Person as defined under National Instrument 43-101, has reviewed and approved the technical aspects of this news release. Mr. Morris has verified the data disclosed respecting the drill program by reviewing all available information. There were no limitations on the verification process.Figure 1. Drill Hole Location Map for 2025 ProgramTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9838/285195_b55878f3c493c89f_001full.jpgAbout Surge Battery Metals Inc.Surge Battery Metals Inc., 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 development of high-grade lithium energy metals in Nevada, USA, a crucial element for powering battery electric storage and electric vehicles. With a primary listing on the TSX Venture Exchange in Canada and a listing on the OTCQX Market in the USA, Surge Battery Metals Inc. is strategically positioned as a key player in advancing lithium exploration.About Evolution Mining Limited Evolution Mining is a leading, globally relevant gold miner. Evolution operates six mines, comprising five wholly-owned mines - Cowal in New South Wales, Ernest Henry and Mt Rawdon in Queensland, Mungari in Western Australia, and Red Lake in Ontario, Canada, and an 80% share in Northparkes in New South Wales.About Nevada North Lithium LLCNevada North Lithium LLC owns the Nevada North Lithium Project southeast of Jackpot, Nevada about 73 km north-northeast of Wells, Elko County. The first three rounds of drilling at the project 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 1,500 meters. Highly anomalous soil values and geophysical surveys suggest there is potential for the clay horizons to be much greater in extent. The Nevada North Lithium Project has a pit-constrained Inferred Resource containing an estimated 11.24 Mt of Lithium Carbonate Equivalent (LCE) grading 3010 ppm Li at a 1,250-ppm cutoff. The recently completed PEA for the project reported an after-tax NPV8% US $9.17 Billion and after-tax IRR of 22.8% at $24,000/t LCE and an OPEX of US $5,243/t LCE. On behalf of the Board of Directors"Greg Reimer"Greg Reimer,
Director, President & CEOContact Information
Email: info @jb-8184
Website: surgebatterymetals.comKeep up-to-date with Surge Battery Metals: Twitter, Facebook, LinkedIn, Instagram and YouTube.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This document may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan" or "planned", "possible", "potential", "forecast", "intend", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities including lithium and nickel, the accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals including approvals of title and mining rights or licenses and environmental, local community or indigenous community approvals, the reliability of third party information, continued access to mineral properties or infrastructure or water, changes in laws, rules and regulations including in the United States, Nevada or California or any other jurisdiction which may impact upon the Company or its properties or the commercial exploitation of those properties, currency risks including the exchange rate of USD$ 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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285195
Original: Surge Drills 116 Meters of 3,752 ppm Lithium in Infill Drilling; Including 32m of 4,521 ppm Lithium

Surge Announces Global Engineering Leader Fluor Corporation to Lead Pre-Feasibility Study at Nevada North Lithium ProjectFebruary 9, 2026 7:00 AM
NewsfileWest Vancouver, British Columbia--(Newsfile Corp. - February 9, 2026) - Surge Battery Metals Inc. (TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5C) (the "Company" or "Surge") is pleased to announce that Nevada North Lithium LLC (NNL), the joint venture formed by Surge and Evolution Mining Limited (Evolution) has selected Fluor Enterprises, Inc. ("Fluor") as the lead engineering firm to lead the Pre-Feasibility Study ("PFS") at its flagship Nevada North Lithium Project ("NNLP").The selection of Fluor, one of the world's premier engineering, procurement, and construction management firms, marks a pivotal transition for Surge from exploration into the development phase. Fluor's engagement aligns the high-grade potential of the Nevada North discovery with a globally recognized execution partner capable of delivering a bankable study and, ultimately, a commercially operating mine.Key Highlights:Tier 1 Validation: Fluor's involvement validates the scale and potential of the NNLP, bringing Fortune 500 rigor to the project's design and economics.Execution Focus: Unlike some consulting firms, Fluor is a builder. Their scope focuses on "constructability," ensuring the PFS is not just a theoretical study but a roadmap to production.Integrated Team: Fluor will lead a consortium of specialized technical partners-including Kemetco Research (Metallurgy), IMC (Mining), and Call & Nicholas (Geotech), many of whom were instrumental in the Company's successful Preliminary Economic Assessment (PEA) for the NNLP.The Company anticipates the delivery of the PFS in Q4 2026, positioning NNL to make a rapid transition to a Direct Feasibility Study and achieving permitting milestones.Mr. Greg Reimer, Chief Executive Officer and Director of Surge, commented, "Selecting Fluor as lead engineer for the NNLP's Pre-Feasibility Study is an important step in advancing one of the most significant lithium clay assets in the United States. Fluor's track record of delivering large-scale critical minerals projects, including lithium developments in North America, gives us a high level of confidence in de-risking our project design, capital estimates and execution pathway. Building on the robust economics outlined in our recent PEA, a partnership with a Tier-1 engineering firm underscores our commitment to developing Nevada North as a long-life and low-cost source of domestic battery-grade lithium for the USA."Surge Battery Metals Inc. is pleased to announce the appointment of Tu Lieu as Chief Financial Officer. Mr. Lieu brings nearly 20 years of experience in accounting and finance. He began his career in the mid-2000s and obtained his CPA designation in 2015. Throughout his career, Mr. Lieu has held roles including FP&A Manager, Financial Controller, and has developed expertise in financial reporting, budgeting, finance and cash flow management, audits, and compliance with accounting standards. Mr. Lieu transitioned his careen to the resource industry and has most recently held the position of Vice President of Finance at Surge and Nevada North Lithium, LLC.The company would like to thank Mr. Jensen for his contributions and wishes him all the best in the future.About Surge Battery Metals Inc.Surge Battery Metals Inc., 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 development of high-grade lithium energy metals in Nevada, USA, a crucial element for powering battery electric storage and electric vehicles. With a primary listing on the TSX Venture Exchange in Canada and the OTCQX Market in the USA, Surge Battery Metals Inc. is strategically positioned as a key player in advancing lithium exploration.About Evolution Mining Limited Evolution Mining is a leading, globally relevant gold miner. Evolution operates six mines, comprising five wholly-owned mines - Cowal in New South Wales, Ernest Henry and Mt Rawdon in Queensland, Mungari in Western Australia, and Red Lake in Ontario, Canada, and an 80% share in Northparkes in New South Wales.About Nevada North Lithium LLCNevada North Lithium LLC owns the Nevada North Lithium Project southeast of Jackpot, Nevada about 73 km north-northeast of Wells, Elko County. The first three rounds of drilling at the project 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 1,500 meters. Highly anomalous soil values and geophysical surveys suggest there is potential for the clay horizons to be much greater in extent. The Nevada North Lithium Project has a pit-constrained Inferred Resource containing an estimated 11.24 Mt of Lithium Carbonate Equivalent (LCE) grading 3010 ppm Li at a 1,250-ppm cutoff. The recently completed PEA reported an after-tax NPV8% US $9.17 Billion and after-tax IRR of 22.8% at $24,000/t LCE, and an OPEX of US $5,243/t LCE. A 2025 infill drill program has been completed, and assay results are pending.On Behalf of the Board of Directors"Greg Reimer" Greg Reimer, President & CEOContact Information
Email: info @jb-8184
Website: surgebatterymetals.comKeep up-to-date with Surge Battery Metals: Twitter Facebook LinkedIn Instagram YouTubeNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This document may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan" or "planned", "possible", "potential", "forecast", "intend", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities including lithium and nickel, the accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals including approvals of title and mining rights or licenses and environmental, local community or indigenous community approvals, the reliability of third party information, continued access to mineral properties or infrastructure or water, changes in laws, rules and regulations including in the United States, Nevada or California or any other jurisdiction which may impact upon the Company or its properties or the commercial exploitation of those properties, currency risks including the exchange rate of USD$ 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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283146
Original: Surge Announces Global Engineering Leader Fluor Corporation to Lead Pre-Feasibility Study at Nevada North Lithium Project

Surge Announces IR AgreementsFebruary 6, 2026 8:00 AM
NewsfileWest Vancouver, British Columbia--(Newsfile Corp. - February 6, 2026) - Surge Battery Metals Inc. (TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5) (the "Company" or "Surge") is pleased to announce that it has entered into two agreements which, under applicable TSX Venture Exchange policies, are considered to be investor relations or related agreements.The Company has entered into a marketing and investor awareness agreement, dated February 2, 2026, with Freedom Financial Research, LLC ("Freedom"), an arm's-length service provider, pursuant to which Freedom will provide digital marketing and investor outreach services to increase general awareness of the Company and the Nevada North Lithium Project. The services may include the preparation and distribution of marketing materials through electronic newsletters and other online platforms, all of which will be based solely on publicly available information and subject to applicable securities laws and required disclosures. The agreement has a term of approximately 30 days, commencing in February 2026, and the Company has agreed to pay Freedom a fee of US$150,000 for the services. Freedom has agreed not to trade in the securities of the Company during the term of the agreement. The Company does not endorse or approve any third-party commentary or conclusions that may be disseminated by Freedom.The Company further announces that it has entered into an amended and extended investor awareness agreement, dated February 2, 2026, with New Era Publishing Inc. ("New Era"), an arm's-length service provider, pursuant to which New Era will continue to provide online marketing and investor awareness services through its CarbonCredits.com platform. The amended agreement extends the term of the campaign for a period of approximately three months, from February, 2026 to April, 2026, and the Company has agreed to pay a fee of US$75,000 for the extension. The services are expected to consist of digital editorial content, advertising placements, and other online marketing initiatives, all based on publicly available information and subject to applicable securities laws and required disclosures. The Company does not endorse or take responsibility for any third-party commentary or conclusions disseminated by New Era.The Company has, effective February 5, 2026, granted a total of 881,250 restricted share units (the "RSUs") and 293,750 performance share units (the "PSUs") under its Equity Incentive Plan dated effective July 19, 2023, as amended (the "Plan"), to certain Participants (as that term is defined under the Plan). The vesting provisions of the RSUs are as follows: fifty percent (50%) of the RSUs granted to a Participant vest on the first anniversary of the date of grant, and the remaining fifty percent (50%) vest on the second anniversary of the date of grant.The vesting provisions of the PSUs are as follows: the PSUs granted to a Participant vest on the later of (i) completion of a definitive feasibility study ("DFS") for the Project, and (ii) the first anniversary of the date of grant. No transactions or project milestones that would trigger vesting of the PSUs described above are currently under negotiation, nor has any agreement been reached in respect thereof.The PSUs and RSUs are subject to the provisions of Exchange Policy 4.4, which stipulate, among other things, that vesting of PSUs and RSUs may not occur less than one (1) year from the date of grant.All unexercised or unvested PSUs and RSUs expire five (5) years from the date of grant. The PSUs and RSUs are subject to early cancellation in certain circumstances, including if a Participant ceases to hold office or provide services to the Company.All PSUs and RSUs have an exercise price of $0.01 per share, and each RSU and PSU is exercisable for the issuance of one common share of the Company.The grant of the PSUs and RSUs remains subject to the approval of the TSX Venture Exchange.About Surge Battery Metals Inc.Surge Battery Metals Inc., 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 development of high-grade lithium energy metals in Nevada, USA, a crucial element for powering battery electric storage and 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 Nevada North Lithium LLCNevada North Lithium LLC owns the Nevada North Lithium Project southeast of Jackpot, Nevada about 73 km north-northeast of Wells, Elko County. The first three rounds of drilling at the project 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 1,500 meters. Highly anomalous soil values and geophysical surveys suggest there is potential for the clay horizons to be much greater in extent. The Nevada North Lithium Project has a pit-constrained Inferred Resource containing an estimated 11.24 Mt of Lithium Carbonate Equivalent (LCE) grading 3010 ppm Li at a 1,250-ppm cutoff. The recently completed PEA reported an after-tax NPV8% US $9.17 Billion and after-tax IRR of 22.8% at $24,000/t LCE, and an OPEX of US $5,243/t LCE. A 2025 infill drill program has been completed, and assay results are pending.On Behalf of the Board of Directors,"Greg Reimer"Greg Reimer,President & CEOContact Information
Email : info @jb-8184
Website: surgebatterymetals.comKeep up-to-date with Surge Battery Metals: Twitter Facebook LinkedIn Instagram  YouTubeNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This document may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan" or "planned", "possible", "potential", "forecast", "intend", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities including lithium and nickel, the accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals including approvals of title and mining rights or licenses and environmental, local community or indigenous community approvals, the reliability of third party information, continued access to mineral properties or infrastructure or water, changes in laws, rules and regulations including in the United States, Nevada or California or any other jurisdiction which may impact upon the Company or its properties or the commercial exploitation of those properties, currency risks including the exchange rate of USD$ 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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282910
Original: Surge Announces IR Agreements

Surge Battery Metals Closes Fully-Subscribed Non-Brokered Private Placement for Gross Proceeds of $25MFebruary 4, 2026 7:00 AM
NewsfileWest Vancouver, British Columbia--(Newsfile Corp. - February 4, 2026) - Surge Battery Metals Inc. (TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5) (the "Company" or "Surge") is pleased to announce that it has closed its previously announced non-brokered private placement, raising aggregate gross proceeds of $25,000,000. Under the private placement, the Company raised gross proceeds of $19,999,800 (the "LIFE Offering") by issuing an aggregate of 22,222,200 units (the "Offered Units") at a price of $0.90 per Offered Unit pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 and Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Blanket Order"). The Company filed an amended and restated offering document relating to the LIFE Offering (the "Amended Offering Document") on January 15, 2026, which can be accessed under the Company's profile at www.sedarplus.ca and at https://surgebatterymetals.com/. The Company raised additional gross proceeds of $5,000,202 (the "Concurrent Offering") by issuing an aggregate of 5,555,780 Offered Units at a price of $0.90 per Offered Unit for gross proceeds up to $5,000,202 pursuant to prospectus exemptions available under applicable securities laws. Each Offered Unit consists of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each full warrant, a "Warrant"). Each Warrant entitles the holder thereof to acquire one Common Share at an exercise price of $1.35 at any time following 60 days after the date of issuance until February 3, 2029. The Offered Units and underlying securities issued under the LIFE Offering are free trading. The Offered Units and underlying securities issued under the Concurrent Offering are subject to a four-month statutory hold period pursuant to applicable Canadian securities laws, expiring June 4, 2026."We are pleased to have completed this fully subscribed financing, which provides Surge with a strong balance sheet to advance key technical and feasibility work at Nevada North. On behalf of Surge Battery metals, we extend our thanks to 3L Capital and the Quaternary Group for their continued support," said Graham Harris, Chairman and Director of Surge.On closing, the Company paid aggregate finder's fees of $1,206,171.86 and issued an aggregate of 1,307,243 finder's warrants (each, a "Finder's Warrant"), with each Finder's Warrant exercisable for one Common Share at a price of $1.35 until February 3, 2029. The Finder's Warrants and the Common Shares issuable thereunder are subject to a four-month statutory hold period expiring June 4, 2026, in accordance with applicable Canadian securities laws. 3L Capital Inc. acted as financial advisor for the private placement. The Company intends to use the proceeds of the private placement for additional costs related to its preliminary feasibility study for its Nevada North Lithium Project, costs for a definitive feasibility study for the Project, and general working capital. Insiders of the Company participated in the Concurrent Offering, and such participation is considered to be a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61-101"). The related party transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of the transaction does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101. In considering and unanimously approving the transaction, there were no materially contrary views, abstentions (except for any abstentions required by corporate law) or material disagreements by any director of the Company. The Company did not file a material change report at least 21 days before closing the Concurrent Offering, which is reasonable given the MI 61-101 exemptions noted above.The securities issued under the private placement have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.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 for 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.On behalf of the Board of Directors"Graham Harris"Graham Harris,
ChairmanContact Information
Email : info @jb-8184
Website: surgebatterymetals.comKeep up-to-date with Surge Battery Metals:
Twitter Facebook LinkedIn Instagram YouTube 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. Forward-looking statements and forward-looking information herein include, but are not limited to, statements concerning 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 expectations with respect to the use of proceeds and the use of available funds following completion of the Offerings, and the completion of the Offerings. 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.This news release is not for distribution to U.S. newswire services for dissemination
in the United StatesTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/282653
Original: Surge Battery Metals Closes Fully-Subscribed Non-Brokered Private Placement for Gross Proceeds of $25M

IT is almost one year since u said that and nothing happen so far ??????

it is time to start looking at Lithium Stocks, which have been beaten down and have found a bottom. consolidating now for the push up. get in early!! they will move in 2025, all new administration pro mining and deregulation. lots of e bikes, cars, scooter sales and lithium is in demand. do you own dd. these stocks will move soon. glta!!

Surge’s Nevada North Lithium Project Moves to the 30-day National Environmental Policy Act (NEPA) Environmental Assessment Public Comment Period.


https://surgebatterymetals.com/surges-nevada-north-lithium-project-moves-to-the-30-day-national-environmental-policy-act-nepa-environmental-assessment-public-comment-period/

picked up an additional 20k shares today..drilling has commenced again. you still in?

Surge Battery Metals at the 2024 Energy Transition Metals Summit



Weekly Chart

Nope.

Plug is giving me another fomo

Yesterday, NILIF shared results from drilling @ its Nevada North Lithium Projectm extending high-grade mineralization 600m from the '22 findings with assays up to 8070ppm. One hole averaged 2533 ppm Li and another 3220 ppm Li. Deeper mineralized zones were also ID'd. More details in this post⬇️
https://www.reddit.com/r/Penny_Stocks/comments/192uwec/surge_battery_metals_reports_successful_2023_core/

With an MRE set to be released this quarter at its high-grade near-surface lithium claystone discovery at the Nevada North Lithium Project, Surge Battery Metals (NILI.v NILIF) seems to be on track for a strong 2024: https://www.reddit.com/r/StocksAndTrading/comments/191y59t/surge_battery_metals_niliv_nilif_2024_outlook/

Great overview of NILIF's 2023 success. Shows how NILI remains resilient amid lithium spot price fluctuations & how they aim to contribute to the "Made in America" lithium battery sector. Anticipated 2024 catalysts include an MRE & PEA for their Flagship Project.
https://www.reddit.com/r/MetalBulls/comments/18ytp34/surge_battery_metals_inc_nili_shares_anticipated/

Optimistic update from Surge Battery Metals (NILI). NILI.v anticipates a breakthrough year in 2024 with high-grade lithium discoveries. Despite lithium price challenges NILI is resilient, eyeing a role in the "Made in America" lithium battery market. Anticipated milestones include a Q1 Mineral Resource Estimate, test work optimization, disturbance limit reclamation, and a major Exploration Plan permit application.
https://surgebatterymetals.com/surge-battery-metals-provides-update-to-shareholders/

Found this breakdown of NILI.v's latest feature on CEO.ca. NILI's CEO highlights their Nevada North Lithium Project, which has returned lithium grades up to 8070 ppm and 4000 ppm at surface (among the best findings in the US). Considering these results, I think NILI is a junior worth reading up on.
https://www.reddit.com/r/MetalBulls/comments/18x5gmm/surge_battery_metals_niliv_unveils_highgrade/

NILI.v CEO, Greg Reimer on the company's drill results, strategic plans, and geopolitical considerations. Reimer anticipates a pivotal 2024 with a maiden resource estimate & PEA. + NILI aims to expand drilling activities and increase disturbance acreage

NILI.v up 12% today on high vol 🙌

Surging up over 12% on 3x the average volume today, Surge Battery Metals (NILI.v NILIF) is on track for a range of catalysts heading into 2024 including a MRE and metallurgical in Q1 followed by a full drill program and PEA expected later in the year - the “CEO discussed it all in this interview with StocktoWatch:

Popular reddit post summarizing the latest CEO interview: https://www.reddit.com/r/pennystocks/comments/18mgb4b/is_this_lithium_stock_the_next_big_thing_in_2024/

Insightful interview with Surge Battery Metals (NILI.v NILIF) CEO Greg Reimer from Stocks to Watch regarding the range of catalysts expected 2024, including a Maiden Resource Estimate to identify the size of the resource as well as metallurgical work to optimize the recovery of lithium from clays, both expected in Q1, as well as a full drill program and PEA expected later in the year:

Strong day for Surge Battery Metals (NILI.v NILIF), jumping up 17.5% on 2x the average volume - as Canada is mandating all car sales after 2035 be EV's, NILI is primed for growth amid the development of its tier one flagship with world-class lithium grades averaging ~3-4 times higher than its peers: https://www.reddit.com/r/wallstreetbetsHIGH/comments/18jcovm/lithium_stages_reversal_with_cop28_announcement/

With lithium staging a reversal following COP28's fossil fuel call out, I'm restating my interest in Surge Battery Metals (NILI.v NILIF) amid the development of its tier one flagship with world-class lithium grades averaging ~3-4 times higher than its peers: https://www.reddit.com/r/wallstreetbetsHIGH/comments/18jcovm/lithium_stages_reversal_with_cop28_announcement/

NILI is making more progress on its Nevada North Lithium Project, announcing that it is beginning comprehensive bench testing on samples from their sonic core drill program. This is expected to optimize the conceptual flow sheet to yield a high-purity lithium solution, a purified lithium carbonate sample, and ultimately a saleable product. Breakdown here⬇️
https://www.reddit.com/r/PennyStocksCanada/comments/18hwp11/surge_battery_metals_inc_niliv_advances_lithium/

Yesterday, NILI.v shared that it is conducting comprehensive bench testing on samples from its Nevada North Lithium Project to optimize its conceptual flow sheet for lithium extraction to produce a saleable product.
https://surgebatterymetals.com/surge-battery-metals-begins-complete-flow-sheet-testing/

In developing its tier one flagship with world-class lithium grades averaging ~3-4 times higher than its peers, Surge Battery Metals (NILI.v NILIF) has commenced additional mineral processing test work on 2023 drill samples: https://surgebatterymetals.com/surge-battery-metals-begins-complete-flow-sheet-testing/

https://www.baystreet.ca/stocksinplayarticles/41046/Stocks-in-Play-Grid-Battery-Metals-Inc

Some good DD on NILI I came across on reddit
https://www.reddit.com/r/smallstreetbets/comments/184xn0y/surge_battery_metals_niliv_submits_exploration/

The whole EV sector is way down, which is the main reason this is down as well. I agree, some of the same news does not help, but Director and Chair, Graham Harris, purchased 500,000 shares of the Company’s common stock in the open market back in Nov. That's a good sign. We'll have to wait and see I guess. I only have 14K shares at .34. I'll wait it out a few more months to see what happens in 2024 or if it gets back up to .50 I'll sell half and hold the rest.

They keep repeating the same old news but in different manners I bought this one last year in November it was 0.06 cents sold after six months at 0.46 i missed out because it went up to 1.14 no patient now sitting at 0.37 i think will go down way more from here as there is no discovery yet it just speculation ????

Great News and still continues to bleed lower. I got back in here at the same price I sold back in June (.35) from my .16 buy in. And... There is so much more going on now than there was back then!

Today, NILI shared that it has closed two mineral property purchase agreements, acquiring a total of 25% of the mineral rights on approximately 880 acres of private lands within its Nevada North Lithium Project's boundaries. This comes days after NILI unveiled a significant lithium find at the NNLP with a maximum of 7,630 ppm observed at less than 30m depth.
https://surgebatterymetals.com/surge-closes-wilkins-family-and-y3-ii-agreements/

NILI continuing to impress with the latest core drilling intercepting over 4,000 ppm Lithium at surface with assays up to 7,630 PPM: https://surgebatterymetals.com/core-drilling-intercepts-over-4000-ppm-lithium-at-surface-with-assays-up-to-7630-ppm-deeper-drilling-confirms-multiple-horizons/