Surge Announces 99.95% Battery-Grade Lithium Carbonate from Nevada North Demonstrates a Complete Ore-to-Battery-Grade Flowsheet Ahead of Prefeasibility Study
Surge Announces 99.95% Battery-Grade
Lithium Carbonate from Nevada North
Demonstrates a Complete Ore-to-Battery-Grade Flowsheet
Ahead of Prefeasibility Study
West Vancouver, British Columbia--(Newsfile Corp. - September 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 Surge and Evolution Mining Limited,
refined lithium carbonate produced from NNL ore to a battery-grade product reported at 99.95%
Li2CO3.
Kemetco Research Inc. ("Kemetco") produced a crude lithium carbonate assaying 99% Li2CO3 directly
from the NNLP Master Composite through beneficiation, sulfuric acid leaching, solution purification and
carbonate precipitation, as part of the metallurgical program supporting the Project's prefeasibility study
("PFS"). A portion of that carbonate was then refined by Chemshift Technologies Inc. of Calgary, Alberta,
to a battery-grade product reported at 99.95% Li2CO3. Together the two programs demonstrate a
continuous flowsheet from run-of-mine ore to a refined battery-grade product using conventional unit
operations, reducing technical risk as the Project advances toward completion of the PFS.
Highlights
Battery-grade product achieved.
Crude lithium carbonate produced from Nevada North clays
was refined to a product reported at 99.95% Li2CO3.
Complete flowsheet demonstrated.
Kemetco produced a 99% Li2CO3 product directly from
the NNLP Master Composite through beneficiation, leaching, impurity removal and carbonate
precipitation. The subsequent refining step on the same material demonstrated that battery-grade
material can be produced from Project clays using conventional unit operations.
Strong lithium extraction.
Sulfuric acid leaching of beneficiated Project material achieved lithium
extractions exceeding 93% at an acid addition of 475 kg/t of beneficiated feed, increasing to
approximately 98% at a higher acid addition. Leach kinetics were rapid, with leaching complete
within one hour of reaching the 90°C target temperature.
Effective beneficiation.
Mild attrition followed by screening recovered 98.9% of the lithium into
the fine (-20 µm) fraction while rejecting approximately 75% of the acid-consuming carbonate,
confirming the material's amenability to beneficiation ahead of the leach circuit.
Mr. Greg Reimer, President, Chief Executive Officer and Director of Surge, commented,
"Producing battery-grade lithium carbonate from Nevada North ore is a significant step for the Project.
We have now demonstrated the full chain - from sedimentary clay in the ground, through a conventional
leach and purification circuit, to a refined product that meets battery-grade specifications. That outcome
supports the flowsheet our engineers have been developing through the prefeasibility study. Our focus
now turns to pilot-scale work, where we will test recovery, consistency, reagent consumption and energy
performance under continuous operating conditions."
The Company also announces it has entered into a marketing services agreement dated September 14,
2026 (the "Agreement") with Outside The Box Capital Inc. ("OTBC"), an Ontario-based marketing firm
with an office at 2202 Green Orchard Place, Oakville, Ontario. OTBC will assist the Company with
marketing strategy, social-media engagement, the distribution of Company-approved information
through online platforms and the production of influencer, question-and-answer and corporate-highlight
videos. The engagement commenced on September 14, 2026 and has a term of 12 months, divided
into two six-month periods. Either party may terminate the Agreement during the initial six-month period
upon 30 days' notice, and if the Agreement is not terminated in the initial six-month period, then the
Agreement will continue for the subsequent six-month period. The Company will pay OTBC US$250,000
plus applicable taxes for each six-month period (aggregate cash payments of US$500,000 for the full
12-month term of the Agreement), with the payments funded from the Company's working capital.
Subject to the approval of the TSX Venture Exchange and the Company's equity incentive plan, The
Company has also granted OTBC 700,000 stock options, each exercisable at C$1.02 per common
share for a period of 5 years. The options will vest in equal quarterly instalments over 12 months in
accordance with applicable TSX Venture Exchange requirements, and any unvested options will be
cancelled if the Agreement is terminated for any reason. OTBC is owned and controlled by Jason Coles,
is arm's length to the Company and, together with its principals, does not currently own any securities of
the Company other than the options described above and has no other present right or intention to
acquire an interest in the Company. The Agreement remains subject to the approval of the TSX Venture
Exchange.
The Company wishes to correct its news releases dated July 8, 2026, and September 10, 2026, which
stated that stock options were granted to certain directors, officers and consultants of the Company. The
options were granted solely to consultants of the Company, and no options were granted to any directors
or officers. All other terms of the option grants and the previous news releases remain unchanged.
Qualified Person as Defined Under National Instrument 43-101
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 relied on the reports and data provided by Kemetco and
Chemshift with respect to the metallurgical and analytical results disclosed.
About Surge Battery Metals Inc.
Surge Battery Metals Inc., a mineral exploration company 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 and the OTCQX Market in the US,
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 (67.5%) and Evolution Mining
Limited (32.5%), 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. The Project's updated Mineral Resource Estimate, filed June
30, 2026, reports a pit-constrained Measured & Indicated Resource containing an estimated 10.51 Mt of
Lithium Carbonate Equivalent (LCE) grading 3,007 ppm Li at a 1,250-ppm cutoff. As disclosed in the
Company's Preliminary Economic Assessment dated May 19, 2025 (PEA), which is preliminary in
nature and includes Inferred Resources considered too speculative geologically to have economic
considerations applied that would enable them to be categorized as Mineral Reserves, 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 $5,243/t LCE.
On behalf of the Board of Directors
"Greg Reimer"
Greg Reimer,
Director, President & CEO
Contact Information
Email:
Phone: 604-662-8184
Website:
surgebatterymetals.com
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Forward-Looking Statements
This document may contain certain "Forward-Looking Statements" within the meaning of the United
States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When
used in this news release, the words "anticipate", "believe", "estimate", "expect", "target", "plan" or
"planned", "possible", "potential", "forecast", "intend", "may", "schedule" and similar words or
expressions identify forward-looking statements or information. These forward-looking statements or
information may relate to future prices of commodities including lithium, the accuracy of mineral or
resource exploration activity, reserves or resources, the accuracy of cash flow forecasts, projected
capital and operating costs, metal processing recoveries, metallurgical test results and their applicability
at pilot, demonstration or commercial scale, mine life, production rates, regulatory or government
requirements or approvals including approvals of title and mining rights or licenses and environmental,
local community or indigenous community approvals, the reliability of third party information, continued
access to mineral properties or infrastructure or water, changes in laws, rules and regulations including
in the United States, Nevada or California or any other jurisdiction which may impact upon the Company
or its properties or the commercial exploitation of those properties, currency risks including the
exchange rate of USD$ 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.
Forward-looking statements in this news release also include statements regarding the characterization
of the lithium carbonate product as battery grade and its suitability for customer qualification, the ability
to reproduce the metallurgical results described herein at larger scale, the timing, scope and results of
the planned pilot-scale program, the timing and outcome of the prefeasibility study, and the development
of the Project generally. Metallurgical test results described in this news release were obtained at bench
and small scale on limited sample quantities and may not be representative of results achievable at pilot,
demonstration or commercial scale. Such statements represent the Company's current views with
respect to future events and are necessarily based upon a number of 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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https://www.newsfilecorp.com/release/314353