Surge Completes 2025 Infill Drill Program; Consistently Intersects Thick Zones of High- Potential Lithium Claystone Program Delivers Critical Data for Resource Upgrade and Pre- Feasibility Study
Surge Completes 2025 Infill Drill Program;
Consistently Intersects Thick Zones of High-
Potential Lithium Claystone
Program Delivers Critical Data for Resource Upgrade and Pre-
Feasibility Study
West Vancouver, British Columbia--(Newsfile Corp. - October 30, 2025) - Surge Battery Metals
Inc. (TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5C) (the "
Company
" or "
Surge
") is pleased to announce the
successful completion of its 2025 core drilling program at the 100%-owned Nevada North Lithium
Project (NNLP). The nine-hole program, totaling
4,634.5 feet (1,412.6 meters)
, successfully achieved all
its primary objectives: collecting critical data for the Company's planned upgrade to the mineral resource
(from Inferred to Indicated and Measured); gathering essential geotechnical and hydrogeological data;
and securing bulk samples for metallurgical test work critical to the planned 2026 Pre-Feasibility Study
(PFS).
Highlights of the 2025 Drill Program:
Exceptional Clay Intercepts:
All nine holes encountered significant thicknesses of the target
lithium-bearing claystone horizons, visually consistent with high-grade mineralization observed in
previous campaigns (Figure 1). Preliminary visual logging indicates over
1,830 cumulative feet
(557.8 meters)
of favorable claystone was intersected across the program.
Robust Thickness & Continuity:
Drilling confirmed excellent lateral continuity of the main clay
horizons across the resource area, reinforcing the geological model. The average composite
thickness of favorable claystone per hole was
207.4 feet (63.2 meters)
, with a maximum
composite thickness of
353 feet (107.6 meters)
encountered in hole NNL-030.
Potential for Expansion Beyond Current Model:
Drilling results suggest the lithium-
bearing basin may extend further than previously interpreted, indicating potential to expand
the known resource footprint with future work.
Significant Near-Surface Mineralization:
Five of the nine holes encountered the target
claystone horizons at or very near the surface (starting within 20 feet or 6.1 meters),
highlighting the deposit's favorable geometry for potential low-cost extraction.
Consistent Mineralization:
Visually favorable lithium claystone was intersected across varying
depths, demonstrating the deposit's consistency. Even holes intersecting relatively thinner clay
sequences, such as NNL-033 with
108.5 feet (33.0 meters)
, provided valuable data, refining the
understanding of basin geometry and geological controls, which further strengthens the resource
model. Valuable hydrogeological data is to be continually collected from VWP installations in this
hole, in addition to two others.
Resource Upgrade Focus:
The infill drilling successfully increased data density within the
existing resource footprint, providing the necessary information to support the planned upgrade of
Inferred resources to Indicated and Measured classifications - a crucial step for the PFS.
Comprehensive PFS Data Acquired:
The program systematically collected crucial data beyond
primary lithium assays, including large-diameter (PQ) core for metallurgical testing, detailed
geotechnical logging (conducted by CNI), and hydrogeological data including Vibrating Wire
Piezometer (VWP) installations (overseen by UES). Samples will also be assayed for potential
byproduct elements including Cesium (Cs), Rubidium (Rb), and Rare Earth Elements (REEs).
Successful Operational Execution:
The program was completed efficiently utilizing two drill
rigs, demonstrating the Surge team's ability to manage complex field logistics and proactively de-
risk the project schedule.
Next Steps:
Core logging, cutting, and sampling are actively underway, and samples are being submitted to ALS
Laboratories for assay
.
In addition to lithium, assays will also analyze potential byproduct elements
including Cesium (Cs), Rubidium (Rb), and Rare Earth Elements (REEs)
.
Assay results will be released
once received, QA/QC validated, and interpreted.
Joint Venture Update:
Both Surge and Evolution Mining continue to work toward forming the previously announced joint venture
and addressing the US federal government shutdown.
In connection with these efforts, the parties have
agreed to extend the exclusivity period under their previously announced letter of intent to November 21,
2025.
Mr. Greg Reimer, Chief Executive Officer and Director, commented,
"
We are extremely pleased
with the successful completion of our 2025 drill program at Nevada North. Hitting significant thicknesses
of our target claystone in every single hole provides further strong validation of this large, high-grade, and
near-surface lithium deposit. This program was strategically designed as infill drilling to increase our
confidence in the resource and to upgrade significant portions to the Indicated and Measured categories
- a critical and foundational step required for the PFS. We look forward to receiving assay results and
incorporating this new data into an updated resource estimate in the coming months."
Qualified Persons:
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 Program
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9838/272526_1276a0b05466a855_001full.jpg
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 $5,243/t LCE.
On behalf of the Board of Directors
"Greg Reimer"
Greg Reimer,
Director, President & CEO
Contact Information
Email:
Phone: 604-662-8184
Website:
surgebatterymetals.com
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This document may contain certain "Forward-Looking Statements" within the meaning of the United
States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When
used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan" or
"planned", "possible", "potential", "forecast", "intend", "may", "schedule" and similar words or
expressions identify forward-looking statements or information. These forward-looking statements or
information may relate to future prices of commodities including lithium and nickel, the accuracy of
mineral or resource exploration activity, reserves or resources, regulatory or government requirements or
approvals including approvals of title and mining rights or licenses and environmental, local community or
indigenous community approvals, the reliability of third party information, continued access to mineral
properties or infrastructure or water, changes in laws, rules and regulations including in the United
States, Nevada or California or any other jurisdiction which may impact upon the Company or its
properties or the commercial exploitation of those properties, currency risks including the exchange rate
of USD$ 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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