Surge Announces Start of 2026/27 Drill Program at Nevada North Lithium Project in Support of the Bankable Feasibility Study (BFS)
Surge Battery has commenced drilling for the Nevada North BFS, advancing the project toward a final investment decision.
Surge Battery Metals Inc., through its joint venture Nevada North Lithium LLC with Evolution Mining, has officially commenced the 2026/27 drill program at the Nevada North Lithium Project (NNLP). The drilling began following approval from the U.S. Bureau of Land Management (BLM) under the project's 2025 Exploration Plan of Operations Permit. The program is scheduled to run through fall 2026 and into the 2027 drill season.
Objectives for the program include defining and upgrading the mineral resource and generating critical data for the upcoming Bankable Feasibility Study (BFS). The scope encompasses condemnation and pit definition drilling, which will involve up to 25 core and 20 sonic holes, as well as reverse circulation (RC) for rapid confirmation and piezometer installation. Additional activities include water supply and hydrogeology testing, geotechnical logging, and bulk tonnage collection for metallurgical testwork.
The project currently holds a pit-constrained Measured and Indicated Resource of 657.5 Mt grading 3,007 ppm Li, containing 10.5 Mt of Lithium Carbonate Equivalent (LCE). Joint venture ownership stands at Surge (67.5%) and Evolution Mining (32.5%).
Surge Battery Metals Inc. (NILI) has commenced drilling, a direct follow-up to its August 19, 2026 announcement which outlined the finalized 2026 program and BLM submission. BLM approval removes a key permitting hurdle, confirming regulatory momentum and validating the project's environmental and operational planning.
The drill program directly supports the completion of the Pre-Feasibility Study (PFS) targeted for Q4 2026 and accelerates the timeline toward a BFS. No new financial metrics, resource upgrades, or unexpected operational shifts are disclosed. The news confirms execution of previously communicated milestones.
Surge Battery Metals Inc. is a Canadian exploration and development company focused on critical battery metals. Its flagship asset is the Nevada North Lithium Project (NNLP), located in the Granite Range, Nevada, USA. The project is a high-grade, near-surface lithium clay deposit with a pit-constrained Measured & Indicated Resource of 10.51 Mt LCE at 3,007 ppm Li.
A Preliminary Economic Assessment (PEA) indicates an after-tax NPV8% of US $9.17 billion and an IRR of 22.8% at a $24,000/t LCE price assumption. The project also hosts significant concentrations of high-value by-products, including cesium (Cs) and rubidium (Rb), which are being evaluated for recovery. Development is being advanced through a joint venture with Evolution Mining, leveraging Evolution's mining expertise and capital.