Surge Battery Metals Inc · TSXV:NILI
Surge Battery Metals — Investor Presentation (October 2026)
21 slides from Surge Battery Metals's investor presentation, October 2026
Slide 1: Securing American Lithium Independence
SECURING AMERICAN LITHIUM INDEPENDENCE TSXV: NILI | OTCQX: NILIF | FRA: DJ5 CORPORATE PRESENTATION – 2026
Slide 2: Disclaimer
Disclaimer Confidentiality This document and all information contained in this document are confidential, proprietary and for the use solely by the prospective investors and their professional advisors. By your acceptance of this document, you agree not to do any of the following in respect of this
Slide 3: Surge Battery Metals – Nevada North Lithium Project
Surge Battery Metals – Nevada North Lithium Project A mineral exploration and development company advancing America’s mineral OREGON independence through the Nevada North Lithium Project (NNLP). IDAHO Nevada North Lithium Project Mineral Reserve Declared — Proven & Probable Reserve of 218.3 Mt @ 3,9
Slide 4: Proven Management Team
Proven Management Team Decades of hands-on lithium project development — including the team that sold Millennial Lithium for US$490M in 2022. Board of Directors GRAHAM HARRIS Chairman, Director DR. VIJAY MEHTA Director Founder, Chair and Director of Millennial Lithium Corp. which was Multiple pa
Slide 5: Strategic Advisory Board
Strategic Advisory Board Established to enhance Surge's capital markets presence globally, support the Company's Nasdaq Capital Market application, and provide strategic guidance across government relations, off-take discussions, and construction financing. Brian Paes-Braga Michael Hess STRA TEGIC A
Slide 6: Strategic Joint Venture with Evolution Mining
Strategic Joint Venture with Evolution Mining (ASX: EVN) Combining Surge Battery Metals Lithium Expertise With Evolution’s Mine-development Track Record Tier 1 asset recognition: the JV confirms NNLP as a Tier 1 global lithium project; Evolution Mining (ASX: EVN, ~A$20B market cap) brings a proven m
Slide 7: PFS Key Highlights
PFS Key Highlights What drives the economics at Nevada North | 100% Project Basis US$9.81B 23.6% 4.2 years 3,928 0.88 : 1 US$4,719 After-tax NPV (8%) After-tax IRR After-tax payback ppm Li, LOM grade Strip ratio OPEX per t LCE WHAT DRIVES THE ECONOMICS HIGH GRADE OPERATING COST, US$ PER TONNE LCE 3,
Slide 8: NNLP Pre-Feasibility Study (PFS)
NNLP Pre-Feasibility Study (PFS) Financial Highlights | Base Case: US$24,000/t LCE | 100% Project Basis Key Financial Metrics Project & Production Metrics After-tax NPV (8%) US$9.81 Billion Average Annual Production ~92,250 tonnes LCE After-tax IRR 23.6% Peak Production (Year 7) ~111,400 tonnes LCE
Slide 9: NNLP Pre-Feasibility Study (PFS)
NNLP Pre-Feasibility Study (PFS) Life of Mine Mining & Production Parameters Mine Production Life 42 Years Total Material Mined ~411 LOM Mt Ore Processed (P&P Reserve) 218.3 LOM Mt Average Grade Processed 3,928 ppm Li Sensitivity Base Case $16,800 $19,200 $21,600 $26,400 $28,800 $31,200 ($)/t LCE $2
Slide 10: Mineral Reserve & Resource
Mineral Reserve & Resource DE-RISKED. EXPANDED. NOW SUPPORTED BY A MINERAL RESERVE P&P MINERAL RESERVE M&I RESOURCE HIGH GRADE CORE: 4.56 Mt LCE 10.5 Mt LCE 6.7 Mt LCE 218.3 Mt @ 3,928 ppm Li @ 3,007 ppm Li @ 3,820 ppm Li Reserve declared — Proven & Probable Reserve of 218.3 Mt @ 3,928 ppm Li supp
Slide 11: Flow Sheet
Flow Sheet SOLID SOLID ORE BENEFICIATION ACID LEACH NEUTRALIZATION PREPARATION LIQUID LIQUID WASTE COARSE GANGUE THICKENER CENTRIFUGE OVERSIZE CALCITE CCD FILTER REJECTS Fe, Al 98% H2SO4 SOLID SOLID LEACH WASTE LIMESTONE SLURRYING LIQUID LIQUID LIMESTONE LIMESTONE STOCKPILE MILLING MgSO4 EVAPORATE M
Slide 12: Timeline to Production
Timeline to Production Nevada North Lithium Project | Development roadmap, 2026 to 2031 2026 2027 2028 2029 2030 2031 Final Investment Decision Record of Decision First production October 2026 2028 Q4 2028 Q3 to Q4 2031 P E R M I TTI NG Baseline studies and environmental reports Federal and state pe
Slide 13: U.S. Government Engagement
U.S. Government Engagement Cassidy & Associates Washington, D.C. – based government relations firm representing Surge Battery Metals in federal and agency outreach. Agency Policy Engagement Alignment Building direct relationships with Engaging on “Unleashing American government agencies to align NNL
Slide 14: Commitment to ESG
Commitment to ESG ENVIRONMENT SOCIAL GOVERNANCE Minimizing our environmental impact Committed to the long-term We are managed fairly and Biological surveys completed at prosperity of nearby communities transparently Nevada North Lithium Project Cultural surveys have been Highest ethical
Slide 15: Share Structure
Share Structure Share Price (at October 2, 2026) 0.740 1 Year Share Price Chart Analyst Coverage Share Price High/Low 0.29 - 1.13 October 2, 2025 – October 1, 2026 Average Trading Volume 1,800,000 Market Cap CAD $242M Joe Reagor Steven Therrien, P.Geo Issued & Outstanding: 314,176,537 +1 (949) 720-7
Slide 16: Contact / Follow Us
CONTACT FOLLOW US info@surgebatterymetals.com Follow us for project news and updates X (Twitter) (604) 662-8184 Facebook 300-1455 Bellevue Avenue LinkedIn West Vancouver, BC V7V 3P3 Instagram YouTube TSXV: NILI | OTCQX: NILIF | FRA: DJ5 SURGEBATTERYMETALS.COM
Slide 17: Appendix
Appendix
Slide 18: Lithium Batteries Power the Modern World
Lithium Batteries Power the Modern World CAGR (1) Sector Outlook (1) Compound Annual Benefits of Batteries (2) Growth Rate BEV sales at 13.8% CAGR through Electric Vehicles 2036; xEV demand to reach 3.1M tonnes LCE, 66% of total 13% American Investment Energy Security Private sector has committed 18
Slide 19: Lithium Batteries are Vital for U.S. Grid and Data Security
Lithium Batteries are Vital for U.S. Grid and Data Security AI-related capital expenditures contributed 1.1% to U.S. GDP growth in H1 2025, outpacing consumer spending as an engine of expansion(1) US Economic Growth Outlook(2) Demand from ESS(2) US economic growth expected to slow YoY in 2025, wit
Slide 20: Why Sedimentary Clay Lithium Outperforms Hard Rock
Why Sedimentary Clay Lithium Outperforms Hard Rock NNLP's sedimentary clay deposit delivers lower costs, longer mine life, and superior economics vs. conventional hard rock spodumene "Sedimentary grade is too low" "Hard rock has lower OPEX" "Hard rock locks in more profit" Although hard-rock lithium
Slide 21: Why Sedimentary Clay Lithium Outperforms DLE
Why Sedimentary Clay Lithium Outperforms DLE While DLE promises efficiency, NNLP delivers proven scalability, higher recoverable resources, and lower execution risk. “DLE is the lowest-cost, next- “DLE delivers faster, scalable “DLE is more efficient because of generation solution” production” highe
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