Surge Commences Fall Drilling Program
Surge Commences Fall Drilling Program
West Vancouver, British Columbia--(Newsfile Corp. - September 25, 2025) - Surge Battery Metals Inc.
(TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5) (the "
Company
" or "
Surge
") is pleased to announce that the
fall core drilling program has officially commenced at its Nevada North Lithium Project (NNLP).
Premier Drilling Company of Elko, Nevada has been engaged to provide drilling services for the core
drilling program, which will consist of 4,500 feet (1,370 meters) of drilling in 9 holes. The initial 5 holes to
be drilled are located on private surface lands after which the drill rigs will mobilize to the remaining 4
holes on public lands.
Goals for the 2025 drill program include upgrading the resource to the Indicated and Measured
categories as well as collecting geotechnical and hydrogeological data to support the planned Pre-
Feasibility Study (PFS).
Mr. Greg Reimer, Chief Executive Officer and Director of the Company, commented, "
Launching
this drill program is a significant step as it directly supports our near-term objective to advance the
project to PFS stage. This progress will strengthen the NNLP and positions Surge as a key contributor to
the future of battery metals supply in the USA."
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, 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 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.
About the Nevada North Lithium Project
The Company owns the Nevada North Lithium Project located in the Granite Range southeast of
Jackpot, Nevada about 73 km north-northeast of Wells, Elko County, Nevada. The first three rounds of
drilling, completed in 2022, 2023, and 2024, 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 1500
meters. Highly anomalous soil values and geophysical surveys suggest there is potential for the clay
horizons to be much greater in extent, while wide drill spacing allows for significant upside to occur
during infill drilling. The Nevada North Lithium Project has a pit-constrained Inferred Resource containing
an estimated 8.65 Mt of Lithium Carbonate Equivalent (LCE) grading 2,955 ppm Li at a 1,250 ppm
cutoff. The recently completed PEA reported an after-tax NPV
8%
US $9.17 Billion and after-tax IRR of
22.8% at $24,000/ t LCE and an OPEX of US $5,243/t LCE.
On behalf of the Board of Directors
"Greg Reimer"
Greg Reimer,
President & CEO
Contact Information
Email :
Phone : 604-662-8184
Website:
surgebatterymetals.com
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This document may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of
1995 and applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan"
or "planned", "possible", "potential", "forecast", "intend", "may", "schedule" and similar words or expressions identify forward-looking statements or
information. These forward-looking statements or information may relate to future prices of commodities including lithium and nickel, the accuracy of
mineral or resource exploration activity, reserves or resources, the accuracy of cash flow forecasts, projected capital and operating costs, metal
processing recoveries, mine life, production rates, regulatory or government requirements or approvals including approvals of title and mining rights
or licenses and environmental, local community or indigenous community approvals, the reliability of third party information, continued access to
mineral properties or infrastructure or water, changes in laws, rules and regulations including in the United States, Nevada or California or any other
jurisdiction which may impact upon the Company or its properties or the commercial exploitation of those properties, currency risks including the
exchange rate of USD$ 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 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.
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