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Surge Files NI 43-101 Technical Report

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Surge Battery Metals (OTCQX: NILIF) has filed a technical report on SEDAR titled 'Technical Report on Mineral Resource Estimate for the Nevada North Lithium Project' in Elko Country, Nevada. The report, dated October 9, 2024, was filed in compliance with NI 43-101 requirements following the company's mineral resource estimate disclosure from September 24, 2024. The technical report has been reviewed and approved by qualified persons Bruce M. Davis, PhD, FAusIMM and Jeffrey D. Phinisey, SME RM#4030404.

Surge Battery Metals (OTCQX: NILIF) ha presentato un rapporto tecnico su SEDAR intitolato 'Rapporto Tecnico sulla Stima delle Risorse Minerarie per il Progetto Litio Nevada North' nella contea di Elko, Nevada. Il rapporto, datato 9 ottobre 2024, è stato presentato in conformità ai requisiti NI 43-101 in seguito alla divulgazione della stima delle risorse minerarie da parte dell'azienda del 24 settembre 2024. Il rapporto tecnico è stato esaminato e approvato da persone qualificate, Bruce M. Davis, PhD, FAusIMM e Jeffrey D. Phinisey, SME RM#4030404.

Surge Battery Metals (OTCQX: NILIF) ha presentado un informe técnico en SEDAR titulado 'Informe Técnico sobre la Estimación de Recursos Minerales para el Proyecto de Litio Nevada North' en el condado de Elko, Nevada. El informe, fechado el 9 de octubre de 2024, fue presentado en cumplimiento de los requisitos NI 43-101 tras la divulgación de la estimación de recursos minerales de la empresa del 24 de septiembre de 2024. El informe técnico ha sido revisado y aprobado por expertos calificados Bruce M. Davis, PhD, FAusIMM y Jeffrey D. Phinisey, SME RM#4030404.

Surge Battery Metals (OTCQX: NILIF)는 네바다주 엘코 카운티에 있는 '네바다 북쪽 리튬 프로젝트의 광물 자원 추정에 대한 기술 보고서'라는 제목의 기술 보고서를 SEDAR에 제출했습니다. 이 보고서는 2024년 10월 9일자로, 2024년 9월 24일에 회사의 광물 자원 추정 공개에 따라 NI 43-101 요구 사항을 준수하여 제출되었습니다. 기술 보고서는 자격을 갖춘 브루스 M. 데이비스 박사(PhD, FAusIMM)와 제프리 D. 피니세이(SME RM#4030404)에 의해 검토되고 승인되었습니다.

Surge Battery Metals (OTCQX: NILIF) a déposé un rapport technique sur SEDAR intitulé 'Rapport Technique sur l'Estimation des Ressources Minérales pour le Projet Lithium Nevada North' dans le comté d'Elko, au Nevada. Le rapport, daté du 9 octobre 2024, a été déposé conformément aux exigences NI 43-101 à la suite de la divulgation de l'estimation des ressources minérales de l'entreprise du 24 septembre 2024. Le rapport technique a été examiné et approuvé par des personnes qualifiées, Bruce M. Davis, PhD, FAusIMM et Jeffrey D. Phinisey, SME RM#4030404.

Surge Battery Metals (OTCQX: NILIF) hat einen technischen Bericht bei SEDAR eingereicht, der den Titel 'Technischer Bericht zur Schätzung der Mineralressourcen für das Nevada North Lithium-Projekt' trägt, im Landkreis Elko, Nevada. Der Bericht, datiert vom 9. Oktober 2024, wurde gemäß den NI 43-101-Anforderungen eingereicht, nachdem das Unternehmen am 24. September 2024 die Schätzung der Mineralressourcen veröffentlicht hatte. Der technische Bericht wurde von den qualifizierten Personen Bruce M. Davis, PhD, FAusIMM und Jeffrey D. Phinisey, SME RM#4030404, überprüft und genehmigt.

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West Vancouver, British Columbia--(Newsfile Corp. - November 11, 2024) - Surge Battery Metals Inc. (TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5) (the "Company" or "Surge") is pleased to announce that it has filed on SEDAR a technical report titled "Technical Report on Mineral Resource Estimate for the Nevada North Lithium Project, Elko Country, Nevada USA" (the "Technical Report"). The Technical Report is dated effective October 9, 2024. The Technical Report was required to be filed under NI 43-101 because of the mineral resource estimate (the "MRE") disclosed by the Company in its news release dated September 24, 2024.

The information in this news release has been reviewed and approved by Bruce M. Davis, PhD, FAusIMM and Jeffrey D. Phinisey, SME RM#4030404, the authors of the Technical Report. Both authors are Qualified Persons as that term is defined in NI 43-101 and NI 43-101CP.

About Surge Battery Metals Inc.

Surge Battery Metals, a Canadian-based mineral exploration company, is at the forefront of securing the supply of domestic lithium through its active engagement in the Nevada North Lithium Project. The project focuses on exploring for clean, high-grade lithium metal in Nevada, USA, a crucial element for powering the electric vehicles of tomorrow. With a primary listing on the TSX Venture Exchange in Canada and the OTCQX Market in the US, Surge Battery Metals Inc. is strategically positioned as a key player in advancing lithium exploration, contributing significantly to the sustainable future of the electric vehicle industry. At Surge Battery Metals, we are not just exploring minerals; we are pioneering the path to a cleaner and more sustainable future, driving innovation in the lithium sector, and contributing to the evolution of the electric vehicle industry.

About the Nevada North Lithium Project

The Company owns the Nevada North Lithium Project located in the Granite Range southeast of Jackpot, Nevada about 73 km north-northeast of Wells, Elko County, Nevada. The first three phases of drilling, completed in 2022, 2023, and 2024, identified a strongly mineralized zone of lithium bearing clays occupying a strike length of more than 4,300 meters and a known width of greater than 1500 meters. Highly anomalous soil values and geophysical surveys suggest there is potential for the clay horizons to be much greater in extent, while wide drill spacing allows for significant upside to occur during infill drilling. The Nevada North Lithium Project has a pit-constrained Inferred Resource containing an estimated 8.65 Mt of Lithium Carbonate Equivalent (LCE) grading 2,956 ppm Li at a 1,250 ppm cutoff.

Keep up-to-date with Surge Battery Metals on Twitter, Facebook, LinkedIn, Instagram and YouTube.

On behalf of the Board of Directors

"Greg Reimer"

Greg Reimer,
President & CEO

Contact Information

Email : info@surgebatterymetals.com
Phone : 604-662-8184
Website: surgebatterymetals.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This document may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan" or "planned", "possible", "potential", "forecast", "intend", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities including lithium and nickel, the accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals including approvals of title and mining rights or licenses and environmental, local community or indigenous community approvals, the reliability of third party information, continued access to mineral properties or infrastructure or water, changes in laws, rules and regulations including in the United States, Nevada or California or any other jurisdiction which may impact upon the Company or its properties or the commercial exploitation of those properties, currency risks including the exchange rate of USD$ for Cdn$ or other currencies, fluctuations in the market for lithium related products, changes in exploration costs and government royalties, export policies or taxes in the United States or any other jurisdiction and other factors or information. The Company's current plans, expectations, and intentions with respect to development of its business and of its Nevada properties may be impacted by economic uncertainties arising out of any pandemic or by the impact of current financial and other market conditions (including US government subsidies or incentives) on its ability to secure further financing or funding of its Nevada properties. Such statements represent the Company's current views with respect to future events and are necessarily based upon several assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political, environmental (including endangered species, habitat preservation and water related risks) and social risks, contingencies, and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules, and regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/229523

FAQ

When did Surge Battery Metals (NILIF) file its NI 43-101 technical report for Nevada North Lithium Project?

Surge Battery Metals filed the technical report on SEDAR with an effective date of October 9, 2024.

Who reviewed and approved the technical report for Surge Battery Metals' (NILIF) Nevada North Lithium Project?

The technical report was reviewed and approved by Bruce M. Davis, PhD, FAusIMM and Jeffrey D. Phinisey, SME RM#4030404, who are both Qualified Persons under NI 43-101.

What triggered the requirement for Surge Battery Metals (NILIF) to file the technical report?

The technical report filing was required due to the mineral resource estimate (MRE) disclosed by the company in its news release dated September 24, 2024.

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