Surge Announces Addition of Cesium- Rubidium To Nevada North Following Averages Of Up To 291ppm Rb And 125ppm Cs In Primary Horizons
Surge Announces Addition of Cesium-
Rubidium To Nevada North Following
Averages Of Up To 291ppm Rb And 125ppm Cs
In Primary Horizons
West 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.jpg
Figure 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.jpg
Technical Discussion and Trend Analysis
The 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 43-101
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.
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 (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 $5,243/t LCE. The Project now has a pit-constrained Measured & Indicated Resource
containing an estimated 10.51 Mt of Lithium Carbonate Equivalent (LCE) grading 3007 ppm Li at a
1,250-ppm cutoff.
On behalf of the Board of Directors
"Greg Reimer"
Greg Reimer,
Director, President & CEO
Contact Information
Email:
Phone: 604-662-8184
Website:
surgebatterymetals.com
Keep up-to-date with Surge Battery Metals:
,
,
,
and
YouTube
.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This document may contain certain "Forward-Looking Statements" within the meaning of the United
States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When
used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan" or
"planned", "possible", "potential", "forecast", "intend", "may", "schedule" and similar words or
expressions identify forward-looking statements or information. These forward-looking statements or
information may relate to future prices of commodities including lithium and nickel, the accuracy of
mineral or resource exploration activity, reserves or resources, regulatory or government requirements or
approvals including approvals of title and mining rights or licenses and environmental, local community or
indigenous community approvals, the reliability of third party information, continued access to mineral
properties or infrastructure or water, changes in laws, rules and regulations including in the United
States, Nevada or California or any other jurisdiction which may impact upon the Company or its
properties or the commercial exploitation of those properties, currency risks including the exchange rate
of USD$ 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