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Surge Battery Metals Announces Resource Upgrade at Nevada North: 657.5 Mt Grading @ 3,007 ppm Li Containing 10.5 Mt LCE Measured and Indicated Including 6.7 Mt LCE @ 3,820 ppm Li
West Vancouver, British Columbia--(Newsfile Corp. - May 14, 2026) - Surge Battery Metals Inc. (TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5) (the "Company" or
About this update from Surge Battery Metals Inc
[{"type":"text","content":" West Vancouver, British Columbia--(Newsfile Corp. - May 14, 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 reported an updated Mineral Resource Estimate (\"MRE\") for the Nevada North Lithium Project (\"NNLP\") containing 10.5 Mt of Lithium Carbonate Equivalent (LCE) grading 3,007 ppm Li Measured and Indicated which includes 6.7Mt LCE @ 3,820 ppm Li highlighting significant scalability potential from the Preliminary Economic Assessment (PEA) mine plan that consumes only 3.6Mt @ 4016 ppm Li. Following a targeted infill and step-out drilling campaign comprising nine drill holes, the updated MRE demonstrates an 87% conversion of the PEA mine pit into higher-confidence Measured and Indicated (M&I) resource categories. This ratio of boreholes to resource highlights the clear continuity of the deposit and firmly establishes NNLP as one of the leading lithium clay deposits in North America. Highlights of the Updated Mineral Resource Estimate: Initial High-Grade M&I Resource Established: The Project now hosts a Measured and Indicated Resource of 657.5 million tonnes grading 3,007 ppm Li, containing 10.5 million tonnes of Lithium Carbonate Equivalent (LCE). High Conversion: The recent drilling successfully converted approximately 87% of the original PEA mine pit into the M&I category, securing the foundation of the deposit. High-Grade Expansion: The drill program successfully defined significant new volumes of higher-grade M&I resource outside the boundaries of the original PEA mine pit, providing optimization and scalability opportunities for the in-process Pre-Feasibility Study (PFS) as the PEA mine plan consumes only 3.6Mt @ 4016 ppm Li. Significant Inferred Expansion: Excluding the totals attributed to Measured and Indicated classifications, the Inferred Resource still hosts 271.3 million tonnes grading 2,160 ppm Li, containing 3.1 million tonnes of LCE, pushing the mineralized footprint well beyond the boundaries of the 2025 Preliminary Economic Assessment (PEA). Near-Surface Mine Plan Upside: Opportunities exist to further optimize early-year mine sequencing, particularly where the high-grade upper clay...