SURGE BATTERY METALS INC - NILIF STOCK NEWS

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.

Surge Battery Metals has engaged M3 Engineering to lead the Preliminary Economic Assessment (PEA) for its Nevada North Lithium Project (NNLP). The PEA results, expected by the end of Q4 2024, will be based on an updated resource estimate post-spring drill program. Current estimates show 4.67 Mt LCE at an average grade of 2,839 ppm Li. The project involves open pit mining with high lithium carbonate purity extraction. Supporting firms include Independent Mining Consultants and Kemetco. The expected outcome is high-quality battery-grade lithium carbonate.

Surge Battery Metals Inc. is leading the way in the electric vehicle market with its Nevada North lithium project, strategically located in a prime mining district in Elko. The project features high-grade lithium clay assets, set for conventional extraction. With plans for extensive drilling and metallurgical work, Surge Battery Metals aims to bridge the supply-demand gap in the lithium market, essential for the electric vehicle industry's growth. The company's focus on sustainable mining practices underscores its commitment to environmental stewardship.

Surge Battery Metals Inc. has engaged Boart Longyear for the 2024 drill program at the Nevada North Lithium Project. The company aims to expand the lithium deposit through eight reverse circulation holes and has secured surface access for further testing. Surge is on track with its 2024 operating plan, including a maiden Mineral Resource Estimate and metallurgical testing. The company is fully funded for its 2024 programs.

Surge Battery Metals Inc. achieves a significant milestone in lithium production with over 99% purity at Nevada North Lithium Project.

Surge Battery Metals Inc. files a technical report for the Nevada North Lithium Project, meeting NI 43-101 requirements. The report includes a mineral resource estimate disclosed in a previous news release.

Surge Battery Metals Inc. has entered into an agreement with the Salmon River Cattlemen's Association for exploration activities. The company plans to drill eight holes to test high-grade lithium mineralization in various locations. The drilling is scheduled to start by the end of May 2024.

Surge Battery Metals Inc. announces participation in the PDAC Convention 2024 to engage with industry peers and showcase advancements. The company aims to strengthen its position as a leader in mineral exploration while promoting competitiveness, responsibility, and sustainability within the sector.

Surge Battery Metals Inc. announces a maiden Mineral Resource Estimate (MRE) for its Nevada North Lithium Project, showcasing a high-grade lithium clay resource in the USA with significant expansion potential. The MRE includes over 4Mt of Lithium Carbonate Equivalent (LCE) grading 3,167 Li PPM at a 2,000 ppm Li cutoff. The company plans to continue derisking the project through metallurgical test work, technical studies, and permitting, with a focus on expanding the known resource through drilling.