Surge Battery completes 2025 drilling at Nevada North

Executive Summary

• Surge Battery Metals Inc. completed its 2025 infill drilling program at the Nevada North lithium project, successfully achieving all primary objectives including resource upgrade data collection, geotechnical/hydrogeological data gathering, and bulk sample acquisition for the 2026 prefeasibility study (PFS).
• The nine-hole program (4,634.5 feet total) consistently intersected thick zones of high-potential lithium claystone, with over 1,830 cumulative feet of favorable claystone identified and strong lateral continuity confirmed.
• The company extended the exclusivity period for its joint venture with Evolution Mining to November 21, 2025, while continuing efforts to address U.S. federal government shutdown impacts.

Key Details

• Program Scope: Nine holes totaling 4,634.5 feet (1,412.6 metres) drilled using two drill rigs.
• Claystone Intercepts: Over 1,830 cumulative feet (557.8 metres) of favorable claystone intersected across the program.
• Thickness Metrics:
  • Average composite thickness of favorable claystone per hole: 207.4 feet (63.2 metres).
  • Maximum composite thickness: 353 feet (107.6 metres) in hole NNL-030.
• Near-Surface Mineralization: Five of the nine holes encountered target claystone horizons at or near the surface (starting within 20 feet or 6.1 metres).
• Specific Hole Data: Hole NNL-033 intersected 108.5 feet (33.0 metres) of claystone.
• Data Collection:
  • Large-diameter (PQ) core collected for metallurgical testing.
  • Detailed geotechnical logging conducted by CNI.
  • Hydrogeological data collected via vibrating wire piezometers (VWP) installed in NNL-033 and two other holes.
• Assay Plans: Samples submitted to ALS Laboratories for lithium assays and analysis of byproduct elements including cesium, rubidium, and rare earth elements.
• Resource Upgrade: Infill drilling aims to upgrade inferred resources to indicated and measured classifications to support the 2026 PFS.
• Joint Venture Update: Exclusivity period with Evolution Mining extended to Nov. 21, 2025.

Notable Quotes

• "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." — Greg Reimer, CEO