# RESPEC Engaged to Upgrade Nevada North Lithium Mineral Resource Estimate

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/respec-engaged-to-upgrade-nevada-north-lithium-mineral-resource-estimate--96467054-e4a0-4c62-970a-6e010f095eec

Original source: https://money.tmx.com/en/quote/NILI/news/7498927036296267/respec-engaged-to-upgrade-nevada-north-lithium-mineral-resource-estimate

Publisher: tmx

Original announcement: 2026-03-24T11:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Surge Battery Metals Inc.

- Ticker: NILI

- Exchange: TSX

- Region: Nevada

- Primary commodity: Lithium

- Secondary commodities: None reported

- Document categories: Resource update, Other

- Extracted: 2026-08-22 03:03:27 UTC

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas summary

Surge Battery Metals has engaged RESPEC to update the Nevada North Lithium Project's Mineral Resource Estimate, aiming to convert Inferred resources to Measured and Indicated categories. This update will support the ongoing Pre-Feasibility Study being conducted by Fluor Corporation.

Reasoning: The announcement of an upcoming M&E upgrade by a major engineering firm \(RESPEC\) to support a Pre-Feasibility Study is a significant de-risking milestone for the project.

- Positive factor: Engagement of RESPEC to upgrade resource confidence

- Positive factor: Conversion of Inferred to M&I to support PFS

- Positive factor: Successful 2025 drill program confirmed continuity

Facts used in scoring: 1

## Classification and evidence

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The current resource being discussed for upgrade is categorized as Inferred.

Evidence · text

> conversion of a significant portion of the current Inferred resource into the higher-confidence Measured and Indicated categories

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The company is announcing the engagement of a firm to perform a resource update.

Evidence · text

> engaged RESPEC to complete an updated Mineral Resource Estimate \(MRE\)

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: Alan J. Morris, a Qualified Person, has reviewed and approved the technical aspects of the release.

Evidence · text

> Qualified Person: Alan J. Morris, MSc, CPG... has reviewed and approved the technical aspects of this news release.

## Extracted facts

Stored fact records: 1. Some facts used in scoring do not have a stored record.

## Resource Estimates (1)

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/respec-engaged-to-upgrade-nevada-north-lithium-mineral-resource-estimate--96467054-e4a0-4c62-970a-6e010f095eec#fact-resource-facts-0)

lithium

Historical result

Needs review: historical\_restatement

#### Identity

- Commodity: lithium
- Ticker: NILI

#### Resource Data

- Category: inferred
- Tonnes: 11240000
- Grade: 3010
- Grade Unit: ppm
- Contained Metal: 11240000
- Contained Unit: LCE
- Cutoff Grade: 1250

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes

#### Dates

- Event date: 2026-03-24T00:00:00.000Z

Reasoning: This is a restatement of the existing pit-constrained Inferred resource from the recently completed PEA.

- Positive factor: Large tonnage

- Negative factor: Inferred category

Evidence · text

> The Nevada North Lithium Project has a pit-constrained Inferred Resource containing an estimated 11.24 Mt of Lithium Carbonate Equivalent \(LCE\) grading 3010 ppm Li at a 1,250-ppm cutoff.

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.