# Surge Announces Resource Upgrade at Nevada North: 657.5 Mt Grading @ 3,007 ppm Li Containing 10.5 Mt LCE Measured and Indicated Including 6.7 Mt LCE @ 3,820 ppm Li

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/surge-announces-resource-upgrade-at-nevada-north-657-5-mt-grading-3-007-ppm-li-c--e6c39525-e2e9-4289-b152-2e94af2b03c0

Original source: https://money.tmx.com/en/quote/NILI/news/6776141450697955/surge-announces-resource-upgrade-at-nevada-north-657-5-mt-grading-3-007-ppm-li-c

Publisher: tmx

Original announcement: 2026-05-14T11:00:00.000Z

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, USA

- Primary commodity: Lithium

- Secondary commodities: None reported

- Document categories: Resource update

- Extracted: 2026-08-22 02:51:10 UTC

Narrative sentiment: 1.00 · Bullish

## Minestarters Atlas summary

Surge Battery Metals Inc. announced a significant resource upgrade for its Nevada North Lithium Project, reporting 657.4 million tonnes grading 3,007 ppm Li, containing 10.51 million tonnes of Lithium Carbonate Equivalent \(LCE\) in the Measured and Indicated categories. This update, prepared in accordance with NI 43-101, represents an 87% conversion of the PEA mine pit into higher-confidence M&I resources, substantially de-risking the project for the upcoming Pre-Feasibility Study. The project now hosts an exceptional contained metal of over 4.2 million tonnes of Li2O equivalent, establishing it as a leading lithium clay deposit in North America.

Reasoning: The updated Mineral Resource Estimate reports an exceptional 10.51 Mt LCE \(4.25 Mt Li2O equivalent\) in the Measured and Indicated categories, representing a significant increase in confidence and scale for the project, with 87% conversion of the PEA mine pit to M&I, de-risking the project for the Pre-Feasibility Study. The company highlights the high-grade nature of the resource, which, while below the rubric's 'strong' grade threshold for Li2O, is substantial for a clay deposit.

- Positive factor: Measured Resource

- Positive factor: Indicated Resource

- Positive factor: Category Upgrade

- Positive factor: Contained Metal Growth

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: Cut-off Disclosed

- Positive factor: Exceptional Contained Metal

Facts used in scoring: 8

## Classification and evidence

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: The document reports 210.8 Mt of Measured resource.

Evidence · table

> Measured

Context: 210.8

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The document reports 446.7 Mt of Indicated resource.

Evidence · table

> Indicated

Context: 446.7

**Category Upgrade**

Polarity: positive

Definition: Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.

Why it applies: The recent drilling successfully converted approximately 87% of the original PEA mine pit into the M&I category.

Evidence · text

> The recent drilling successfully converted approximately 87% of the original PEA mine pit into the M&I category

**Contained Metal Growth**

Polarity: positive

Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: The Project now hosts a Measured and Indicated Resource containing 10.5 million tonnes of Lithium Carbonate Equivalent \(LCE\).

Evidence · text

> The Project now hosts a Measured and Indicated Resource of 657.5 million tonnes grading 3,007 ppm Li, containing 10.5 million tonnes of Lithium Carbonate Equivalent \(LCE\).

**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: The MRE was prepared by independent Qualified Persons Mr. Jeff Bickel, C.P.G., and Mr. Nathan Forsythe, C.P.G., of RESPEC.

Evidence · text

> The independent QPs were Mr. Jeff Bickel, C.P.G., and Mr. Nathan Forsythe, C.P.G., of RESPEC in Reno, Nevada.

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: The MRE was prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

Evidence · text

> in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects \(" NI 43-101 "\)

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: The resource is constrained utilizing a cut-off grade of 1,250 ppm Li.

Evidence · text

> utilizing a cut-off grade of 1,250 ppm Li

**Inferred Resource**

Polarity: negative

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

Why it applies: The Inferred Resource still hosts 271.3 million tonnes grading 2,160 ppm Li, containing 3.1 million tonnes of LCE.

Evidence · table

> Inferred

Context: 271.3

**Resource Update**

Polarity: neutral

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

Why it applies: The announcement is for an updated Mineral Resource Estimate for the Nevada North Lithium Project.

Evidence · text

> an updated Mineral Resource Estimate \("MRE"\) for the Nevada North Lithium Project

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: The MRE update was to de-risk the resource for the Pre-Feasibility Study.

Evidence · text

> The primary objective of this MRE update was to de-risk the resource for the Pre-Feasibility Study

## Extracted facts

Stored fact records: 8. Some facts used in scoring do not have a stored record.

## Resource Estimates (8)

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/surge-announces-resource-upgrade-at-nevada-north-657-5-mt-grading-3-007-ppm-li-c--e6c39525-e2e9-4289-b152-2e94af2b03c0#fact-resource-facts-0)

Nevada North Lithium Project · lithium

#### Identity

- Project: Nevada North Lithium Project
- Commodity: lithium
- Region: usa\_nv
- Reported Region: Nevada, USA
- Ticker: NILI

#### Resource Data

- Category: measured
- Tonnes: 210800000
- Grade: 3150
- Grade Unit: ppm
- Contained Metal: 660000
- Contained Unit: t
- Cutoff Grade: 1250

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-14T00:00:00.000Z

Reasoning: The Measured resource of 210.8 Mt at 3,150 ppm Li \(0.66 Mt contained Li\) represents a high-confidence, high-grade portion of the resource, significantly de-risking the project for the PFS.

- Positive factor: Measured Resource

- Positive factor: Category Upgrade

- Positive factor: Contained Metal Growth

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: Cut-off Disclosed

Evidence · table

> 3,150

Context: 210.8

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/surge-announces-resource-upgrade-at-nevada-north-657-5-mt-grading-3-007-ppm-li-c--e6c39525-e2e9-4289-b152-2e94af2b03c0#fact-resource-facts-1)

Nevada North Lithium Project · lithium

#### Identity

- Project: Nevada North Lithium Project
- Commodity: lithium
- Region: usa\_nv
- Reported Region: Nevada, USA
- Ticker: NILI

#### Resource Data

- Category: measured
- Tonnes: 210800000
- Contained Metal: 3530000
- Contained Unit: t LCE
- Cutoff Grade: 1250

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-14T00:00:00.000Z

Reasoning: The Measured resource contains 3.53 Mt LCE, indicating a substantial high-confidence resource for future development.

- Positive factor: Measured Resource

- Positive factor: Category Upgrade

- Positive factor: Contained Metal Growth

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: Cut-off Disclosed

Evidence · table

> 3.53

Context: 210.8

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/surge-announces-resource-upgrade-at-nevada-north-657-5-mt-grading-3-007-ppm-li-c--e6c39525-e2e9-4289-b152-2e94af2b03c0#fact-resource-facts-2)

Nevada North Lithium Project · lithium

#### Identity

- Project: Nevada North Lithium Project
- Commodity: lithium
- Region: usa\_nv
- Reported Region: Nevada, USA
- Ticker: NILI

#### Resource Data

- Category: indicated
- Tonnes: 446700000
- Grade: 2940
- Grade Unit: ppm
- Contained Metal: 1310000
- Contained Unit: t
- Cutoff Grade: 1250

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-14T00:00:00.000Z

Reasoning: The Indicated resource of 446.7 Mt at 2,940 ppm Li \(1.31 Mt contained Li\) represents a significant high-grade resource, contributing to the overall project confidence.

- Positive factor: Indicated Resource

- Positive factor: Category Upgrade

- Positive factor: Contained Metal Growth

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: Cut-off Disclosed

Evidence · table

> 2,940

Context: 446.7

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/surge-announces-resource-upgrade-at-nevada-north-657-5-mt-grading-3-007-ppm-li-c--e6c39525-e2e9-4289-b152-2e94af2b03c0#fact-resource-facts-3)

Nevada North Lithium Project · lithium

#### Identity

- Project: Nevada North Lithium Project
- Commodity: lithium
- Region: usa\_nv
- Reported Region: Nevada, USA
- Ticker: NILI

#### Resource Data

- Category: indicated
- Tonnes: 446700000
- Contained Metal: 6980000
- Contained Unit: t LCE
- Cutoff Grade: 1250

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-14T00:00:00.000Z

Reasoning: The Indicated resource contains 6.98 Mt LCE, adding substantial volume to the project's economic potential.

- Positive factor: Indicated Resource

- Positive factor: Category Upgrade

- Positive factor: Contained Metal Growth

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: Cut-off Disclosed

Evidence · table

> 6.98

Context: 446.7

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/surge-announces-resource-upgrade-at-nevada-north-657-5-mt-grading-3-007-ppm-li-c--e6c39525-e2e9-4289-b152-2e94af2b03c0#fact-resource-facts-4)

Nevada North Lithium Project · lithium

#### Identity

- Project: Nevada North Lithium Project
- Commodity: lithium
- Region: usa\_nv
- Reported Region: Nevada, USA
- Ticker: NILI

#### Resource Data

- Category: indicated
- Tonnes: 657400000
- Grade: 3007
- Grade Unit: ppm
- Contained Metal: 1970000
- Contained Unit: t
- Cutoff Grade: 1250

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-14T00:00:00.000Z

Reasoning: The combined Measured and Indicated resource of 657.4 Mt at 3,007 ppm Li \(1.97 Mt contained Li\) represents a very large and high-grade resource, significantly de-risking the project.

- Positive factor: Indicated Resource

- Positive factor: Category Upgrade

- Positive factor: Contained Metal Growth

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: Cut-off Disclosed

- Positive factor: Exceptional Contained Metal

Evidence · table

> 3,007

Context: 657.4

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/surge-announces-resource-upgrade-at-nevada-north-657-5-mt-grading-3-007-ppm-li-c--e6c39525-e2e9-4289-b152-2e94af2b03c0#fact-resource-facts-5)

Nevada North Lithium Project · lithium

#### Identity

- Project: Nevada North Lithium Project
- Commodity: lithium
- Region: usa\_nv
- Reported Region: Nevada, USA
- Ticker: NILI

#### Resource Data

- Category: indicated
- Tonnes: 657400000
- Contained Metal: 10510000
- Contained Unit: t LCE
- Cutoff Grade: 1250

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-14T00:00:00.000Z

Reasoning: The combined Measured and Indicated resource contains 10.51 Mt LCE, establishing the project as a leading lithium clay deposit.

- Positive factor: Indicated Resource

- Positive factor: Category Upgrade

- Positive factor: Contained Metal Growth

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: Cut-off Disclosed

- Positive factor: Exceptional Contained Metal

Evidence · table

> 10.51

Context: 657.4

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/surge-announces-resource-upgrade-at-nevada-north-657-5-mt-grading-3-007-ppm-li-c--e6c39525-e2e9-4289-b152-2e94af2b03c0#fact-resource-facts-6)

Nevada North Lithium Project · lithium

#### Identity

- Project: Nevada North Lithium Project
- Commodity: lithium
- Region: usa\_nv
- Reported Region: Nevada, USA
- Ticker: NILI

#### Resource Data

- Category: inferred
- Tonnes: 271300000
- Grade: 2160
- Grade Unit: ppm
- Contained Metal: 590000
- Contained Unit: t
- Cutoff Grade: 1250

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-14T00:00:00.000Z

Reasoning: The Inferred resource of 271.3 Mt at 2,160 ppm Li \(0.59 Mt contained Li\) provides significant expansion potential beyond the current M&I resource.

- Positive factor: Contained Metal Growth

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: Cut-off Disclosed

Evidence · table

> 2,160

Context: 271.3

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/surge-announces-resource-upgrade-at-nevada-north-657-5-mt-grading-3-007-ppm-li-c--e6c39525-e2e9-4289-b152-2e94af2b03c0#fact-resource-facts-7)

Nevada North Lithium Project · lithium

#### Identity

- Project: Nevada North Lithium Project
- Commodity: lithium
- Region: usa\_nv
- Reported Region: Nevada, USA
- Ticker: NILI

#### Resource Data

- Category: inferred
- Tonnes: 271300000
- Contained Metal: 3110000
- Contained Unit: t LCE
- Cutoff Grade: 1250

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-14T00:00:00.000Z

Reasoning: The Inferred resource contains 3.11 Mt LCE, indicating further potential for resource growth with additional drilling.

- Positive factor: Contained Metal Growth

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: Cut-off Disclosed

Evidence · table

> 3.11

Context: 271.3

## 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.