The capital backing the Nevada North Lithium Project.
Surge has drawn a diverse group of strategic investors to advance America's domestic lithium supply chain:
★ Brian Paes-Braga
★ Michael Hess
★ The Quaternary Group
★ Evolution Mining, JV partner
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Surge Battery Metals Announces Strategic Funding To Fast Track The Nevada North Lithium Project, Co-Led By Brian Paes-Braga And Michael Hess
🔗: https://t.co/3Gze874tJI
(🇨🇦 $NILI.v | 🇺🇸 $NILIF | 🇩🇪#X0D)
Washington is backing domestic lithium.
@SurgeBattery has retained Cassidy & Associates for federal and agency engagement, advancing the Nevada North Lithium Project.
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Check out our latest research report on @SurgeBattery
entitled “Next LAC off the rank?”
Our thesis:
• Sedimentary Lithium Mispriced: The equity market continues to assign sedimentary lithium projects a material discount vs Hard Rock and DLE, despite lower technical risk than DLE and a simpler, integrated route than Hard Rock.
• Nevada North vs Thacker Pass: Nevada North is almost 50% higher grade than Thacker Pass’s total resource and c.20% higher grade than Thacker Pass’s reserve, with recent drilling identifying zones above 4,000ppm Li.
• Shallow & Scalable: Mineralisation at Nevada North starts from surface or depths of just 5–15m, which should mean less material moved, lower strip, and potentially lower capex and opex.
• Strategic Backing: Evolution Mining owns 29.46% of the Nevada North JV and has fully funded the project through PFS, which should improve financing flexibility and reduce future dilution risk.
Bottom Line: $NILI.v is following the road already opened by Lithium Americas at Thacker Pass, but with a project we believe is higher grade, shallower, scalable and potentially lower cost. As the market becomes more comfortable with sedimentary lithium, we believe Surge deserves a materially higher valuation than it is currently being assigned.
Read the full research report here: https://t.co/XDsu4glDFe
The Nevada North Lithium Project is the highest-grade lithium clay resource in the United States.
Key highlights:
· 87% Inferred to M&I conversion
· 10.5 Mt LCE M&I at 3,007 ppm Li
· 6.7 Mt high-grade core at 3,820 ppm Li
· 4,196 ppm at the 640m step-out
· No boundary established by drilling
https://t.co/Qi9dbszltP
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Highest grade lithium clay resource in the U.S.
~$30M in treasury
$30B JV partner sole funding the PFS
Howard Klein of RK Equity walks through what that setup could mean for Surge Battery Metals in the current lithium cycle.
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#Lithium giant $NILI.NE jumps to .70c,+13% today after the company found a new different strategic investor to purchase the warrants that a previous unstrategic investor ($AMLI) had been hard dumping due to financial troubles and high burn rate.
Around 13x normal volume today. The sky is the limit now for America’s highest-grade lithium deposit, as NILI is trading just over 1% of its enormous estimated $11 Billion USD NPV after PFS completion and recent monstrous MRE upgrade.
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What does a PEA look like when it uses one-third of the confirmed resource?
Surge Battery Metals just updated its MRE at Nevada North:
- 10.51 Mt LCE M&I @ 3,007 ppm Li 6.7 Mt of that grading 3,820 ppm
- The mine plan was built on 3.6 Mt.
- PFS with Fluor in Q4.
#Lithium
#Lithium giant $NILI.NE is sitting at roughly an $11 Billion USD NPV after the recent MRE upgrade into PFS, which equals roughly $15 Billion CAD, with a $150 Million CAD market cap, trading at roughly 1% of NPV.
America's highest grade and best lithium deposit will eventually re-rate to the proper 5-20%+ of NPV.
Leaving us with a 5-20x+ as we move along the developmental stages into PFS and DFS.
It's simply a matter of time with an all-star management team continuously hitting home runs and the deposit continuously improving.
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Mac Whale (ATB Cormark) on a recent interview with @LithiumIonBull and @matt_fernley:
"Thacker being where it is makes all the other sedimentary plays that much more valuable. The closer you are in the chemistry or regionally, the better off you're gonna be." - Mac Whale
Same team behind Millennial Lithium. Higher grade than Thacker Pass.
$NILI.V $100M market cap vs $LAC 's $2B .
Second-mover advantage in sedimentary clay.
$NILI.V has the cleanest multibagger set-up right now in the #lithium sector.
With America's highest-grade lithium deposit trading at just over 1% of its $9.2 Billion USD NPV. NPV is actually higher now due to NILI having above-average price sensitivity to rising spot prices, thanks to an extremely low OPEX. Because the highest grades are on top of the deposit at the surface and lithium spot is moving upwards past the price assumption used in the NPV model.
Basically $LAC but better. MRE upgrade expected any day, as well. With a PFS later this year. Expectations of higher NPV/upgrade thanks to an extremely successful infill drill program extending the deposit and finding higher than expected infill grades.
NASDAQ Capital application underway.
Re-rate target of 10-15%+ NPV, after PFS.
Can anyone find me a cleaner multibagger than this?
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Surge Battery Metals Board now includes Richard Weech.
8 years leading Berkshire Hathaway Energy subsidiaries (BHE Investments + BHE Renewables).
Personally evaluated lithium extraction opportunities at BHE before retiring in 2022.
CA. CPA. CFA.
Junior miners don't usually attract this calibre of director.
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4,016 ppm. Average mined grade at Surge's Nevada North Lithium Project (2025 PEA).
For context, the major advanced U.S. lithium clay projects average between 1,150 and 2,540 ppm.
Higher grade = less rock to move = lower costs = better margins.
The geology compounds.
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Lithium moved into deficit in 2026.
@FastmarketsMM and @CG_Driven reached the same conclusion months apart.
Supply down. Demand revised up on AI data center storage buildout. Deficits forecast above 200,000 tonnes LCE by 2030.
Nevada North Lithium Project LOM is 42 years. OPEX US$5,243/t. NPV US$9.17B at 22.8% IRR.
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Three numbers that define America's lithium future:
$9.17B. After-tax NPV₈%
11.24 Mt. LCE Inferred @ 3,010 ppm Li
42 years. Projected mine life
One project. Nevada North Lithium Project.