SURGE BATTERY METALS INC - NILIF STOCK NEWS

Surge Battery Metals has reported successful lithium clay beneficiation testing at its Nevada North Lithium Project, achieving a 25% increase in lithium grade while maintaining 87% lithium retention. Using a Falcon Continuous Concentrator, the company upgraded a sample from 4,105 ppm Li to 5,124 ppm Li. This advancement could significantly reduce processing costs, as leaching represents the highest-cost input in lithium recovery. The company plans to incorporate these results in their Preliminary Economic Assessment scheduled for Q1 2025, with further optimization work planned for 2025.

Surge Battery Metals reports a significant increase in the Resource Estimate (RE) for its Nevada North Lithium Project (NNLP). The updated RE includes a pit-constrained Inferred Resource of 11.24 Mt of Lithium Carbonate Equivalent (LCE) grading 3,010 ppm Li at a 1,250 ppm Li cutoff. This represents a 113% increase in LCE tonnes and a 5% increase in grade compared to February 2024.

Key highlights include:

• Highest-grade lithium clay resource in the USA
• 7.43 Mt of LCE at a 3,000 ppm Li cutoff with an average grade of 3,843 PPM Li
• Strong growth potential with the resource remaining open in multiple directions

The company plans to complete a Preliminary Economic Assessment (PEA) by Q1 2025 and is working on metallurgical testing, technical studies, and permitting efforts.

CEO.CA, a leading investor social network for junior resource and venture stocks, recently interviewed Graham Harris, Chairman of Surge Battery Metals (TSXV: NILI) (OTCQX: NILIF) for their 'Inside the Boardroom' series. The discussion focused on Surge's record-high grade intercepts at their Nevada North Lithium Project, highlighting the importance of domestic lithium supply and the company's plans for the upcoming year. This exclusive update provides investors with firsthand knowledge from industry leaders, offering insights into the vision, challenges, and strategies of junior mining explorers. The interview is available on CEO.CA's YouTube channel, which hosts hundreds of executive interviews from various companies in the sector.

Surge Battery Metals Inc. (TSXV: NILI) (OTCQX: NILIF) has announced a property purchase agreement with M3 Metals Corp. for the Texas Springs Properties, which are part of Surge's Nevada North Lithium Project. Surge will acquire M3M's 50% interest in the properties in exchange for 1,200,000 common shares of Surge. This transaction will give Surge 100% ownership of the Properties, terminating the previous mineral property option agreement dated July 26, 2023. The deal is subject to TSX Venture Exchange approval. Additionally, Surge has granted 2,850,000 stock options to directors, officers, and consultants, exercisable for five years at 40 cents per share.

EarthLabs Inc. (TSXV: SPOT) has launched EarthLabs Expeditions, an innovative documentary series focusing on junior mining and exploration. The series, to 10 Expeditions per year, aims to provide an unfiltered look at significant discoveries and impactful projects in the industry. Hosted by Jonathan Brazeau, it offers a raw, real-world perspective on the challenges and dedication within the sector.

The inaugural episode features Surge Battery Metals (TSXV: NILI) (OTCQX: NILIF), showcasing their Nevada North Lithium Project. This project is important for securing the domestic lithium supply chain, essential for powering electric vehicles and sustainable energy solutions. The episode is now available on YouTube, with the series also accessible through Twitter and CEO.CA platforms.

Surge Battery Metals (TSXV: NILI) (OTCQX: NILIF) has announced the second half of certified assay results from its 2024 drilling program at the Nevada North Lithium Project (NNLP). Highlights include:

- NNL-028: 80.7m @ 4,009 PPM Li, including 71.6m @ 5,023 PPM Li
- NNL-027: 4.6m @ 2,322 PPM Li
- Record-high grade sample of 8,190 PPM Li

The drilling has extended mineralization 1,300 meters south of existing holes, with lithium mineralization deeper, thicker, and higher-grade to the south. The company plans to incorporate these results into an updated resource estimate expected in September. The 8-hole 2024 RC Drilling Program has increased the mineralized zone footprint to 849 acres and confirmed lateral continuity of mineralized layers.

Surge Battery Metals (TSXV: NILI) (OTCQX: NILIF) announces high-grade lithium intersections from its 2024 drilling program at the Nevada North Lithium Project (NNLP). Key highlights include:

• NNL-021: 50.3m @ 3,813 Li PPM
• NNL-022: 91.4m @ 3,800 Li PPM
• NNL-024: 80.8m @ 3,236 Li PPM

The drilling has extended mineralization 1,300 meters south, increasing the strike length from 3 km to 4.3km. Lithium mineralization is present within 15m of surface in all holes. These results are expected to expand the existing inferred resource of 4.67 million tonnes of lithium carbonate equivalent grading 2,839 ppm lithium at a 1,250 ppm Li cut-off.

Surge Battery Metals reported progress in its 2024 drilling at the Nevada North Lithium Project (NNLP). The company has completed four out of eight planned holes, confirming the presence of mineralized clay horizons. The drilling program aims to test soil geochemical anomalies and extend the known lithium mineralization found in previous years. So far, the mineralized clay has been extended 1 km east and west, and 1.2 km south. Initial results showed thicker than expected mineralized clay zones, particularly in holes NNL-021 and NNL-022. Samples from these holes are being analyzed by ALS Global for further insights.

Surge Battery Metals has begun its 2024 exploration drill program at the Nevada North Lithium Project, situated north-northwest of Elko, Nevada. The program involves an eight-hole reverse circulation drilling to test geochemical extensions and known geophysical footprints for lithium mineralization. The drilling aims to expand the known NNLP deposit's lateral and vertical extent, which contains an inferred resource of 4.67 million tonnes of lithium carbonate equivalent at 2,839 ppm lithium. The drilling will cover an area extending 1km west and 1.2km south of the maiden resource area. This phase is expected to last about three weeks, with initial assay results anticipated by early August. The results will update the resource model and be incorporated into the Preliminary Economic Assessment currently underway. CEO Greg Reimer emphasized the potential for upgrading the size and lithium content of the inferred mineral reserve.