Surge Battery Metals Inc · TSXV:NILI
Surge Battery Metals — Lithium X2 Mining — Investor Presentation (October 2026)
16 slides from Surge Battery Metals's investor presentation, October 2026
Slide 1: Securing America's Lithium Supply
SECURING AMERICA’S LITHIUM SUPPLY 2026 CORPORATE PRESENTATION TSXV: L I X X | OTCQX: L I X M F | FSE: D J 5 C
Slide 2: Disclaimer
Disclaimer Pre-Feasibility Study The Pre-Feasibility Study ("PFS") results in this document are from the Company's news release dated October 2, 2026. The PFS is based on an AACE Class 4 level of engineering and cost estimation with an expected accuracy of plus or minus 25%, and there is no certaint
Slide 3: Lithium X2 Mining Inc.: Overview
Lithium X2 Mining Inc. : Overview OREGON IDAHO Nevada North Mineral Reserve Declared: Proven and Probable Reserve of 218.3 Mt at 3,928 ppm Li Lithium Project (4.56 Mt LCE) supports a 42-year mine life, within a Measured and Indicated Resource of 10.51 Mt LCE at 3,007 ppm Li, inclusive of reserves. M
Slide 4: Board of Directors
Board of Directors Decades of lithium project development experience, including founding Millennial Lithium, acquired for US$490M in 2022. Graham Harris Dr. Vijay Mehta C HA I R M A N , D I R E C TO R D I R E C TO R § Founder, Chair and Director of Millennial Lithium Corp., acquired by § Multiple pa
Slide 5: Strategic Advisory Board & Joint Venture
Strategic Advisory Board & Joint Venture Established to enhance Lithium X2's capital markets presence globally, and provide strategic guidance across government relations, off-take discussions, and construction financing. Combining Lithium X2’s lithium experience with Brian Paes-Braga S TR A TE GI C
Slide 6: Nevada North Lithium Project PFS Key Highlights
Nevada North Lithium Project PFS Key Highlights PRE-FEASIBILITY STUDY | OCTOBER 2026 | 100% PROJECT BASIS US$9.81B 23.6% 4.2 yrs 42 yrs After-tax NPV₈% After-tax IRR After-tax payback Mine life HIGH GRADE Proven & Probable Reserve grade; ~4,340 ppm Li over the first 10 years 3,928 ppm Li + LOW STRIP
Slide 7: 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 8: 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 $16,800 $19,200 $21,600 Base Case $26,400 $28,800 $31,200 ($)/t LCE $2
Slide 9: Mineral Reserve & Resource
Mineral Reserve & Resource Now Supported By A Proven And Probable Mineral Reserve P&P MINERAL RESERVE M&I RESOURCE FIRST 10 YEARS 4.56 Mt LCE 10.51 Mt LCE ~4,340 ppm Li 218.3 Mt @ 3,928 ppm Li @ 3,007 ppm Li average grade processed (PFS mine plan) § Reserve declared: supports a 42-year mine life, wi
Slide 10: Flow Sheet
Flow Sheet ORE SOLID SOLID BENEFICIATION ACID LEACH NEUTRALIZATION PREPARATION LIQUID LIQUID WASTE COARSE GANGUE THICKENER CENTRIFUGE OVERSIZE CALCITE CCD FILTER Fe, Al REJECTS 98% H2SO4 SOLID SOLID LEACH WASTE LIMESTONE SLURRYING LIQUID LIQUID LIMESTONE LIMESTONE STOCKPILE MILLING MgSO4 EVAPORATIVE
Slide 11: Timeline to Production
Timeline to Production INDICATIVE SCHEDULE, 2026 PFS (FLUOR), ACCELERATED CASE Source: 2026 PFS (Fluor), accelerated execution schedule, as described in the news release dated October 2, 2026. Forward-looking, preliminary and approximate; subject to permitting, financing and a final investment decisio
Slide 12: Permitting: A Disciplined Process, Started Early
Permitting: A Disciplined Process, Started Early Baseline studies complete. Exploration approved by the BLM in March 2025. Mine permitting is the next step. COMPLETE · 2023–2025 UNDERWAY · 2026–2027 AHEAD · MINE PERMITTING § Environmental baseline studies (2023 to 2024): water, § 2026/27 drill progr
Slide 13: U.S. Government Engagement
U.S. Government Engagement Cassidy & Associates, a Washington, D.C.-based government relations firm, represents Lithium X2 in federal and agency outreach. Agency Policy Alignment Engagement Building direct relationships with Engaging on “Unleashing American government agencies to align NNLP Energy”
Slide 14: The Lithium Market Has Flipped to Deficit
The Lithium Market Has Flipped to Deficit FORECAST DEFICITS WIDEN FROM 2026 AS INVENTORIES RUN THIN Lithium demand, supply and market balance, kt LCE (Fastmarkets, Q2 2026) WHY THE GAP MATTERS NOW 6,000 RK Equity, Q3 2026 market update 5,000 China is running low 4,000 20 days Chinese lithium stockpi
Slide 15: Share Structure
Share Structure Share Price (at October 27, 2026) 0.650 Analyst Coverage 52-Week High/Low 0.38 - 1.13 Average Trading Volume 1,111,067 Market Cap CAD $213M Joe Reagor Drake Hyden, P.Geo Issued & Outstanding: 314,176,537 +1 (949) 720-7106 +1 (705) 257 0518 jreagor@roth.com drake@3L-capital.com Option
Slide 16: Contact
CONTACT FOLLOW US info@lithiumx2.com Follow us for project news and updates (604) 662-8184 X (Twitter) Facebook 300-1455 Bellevue Avenue LinkedIn West Vancouver, BC V7T 1C3 Instagram YouTube TSXV: LIXX | OTCQX: LIXMF | FSE: DJ5C LITHIUMX2 .COM
Lithium X2 Mining — Investor Presentation (October 2026) on 6ix