# Surge Battery Metals Announces Filing of Updated Mineral Resource Estimate Technical Report

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/surge-battery-metals-announces-filing-of-updated-mineral-resource-estimate-techn--8b891dcd-8992-4906-9be0-fe2fb5923799

Original source: https://money.tmx.com/en/quote/NILI/news/5650781648571688/surge-battery-metals-announces-filing-of-updated-mineral-resource-estimate-techn

Publisher: tmx

Original announcement: 2026-06-30T11:00:00.000Z

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

- Extracted: 2026-08-22 02:40:28 UTC

Narrative sentiment: 0.40 · Bullish

## Minestarters Atlas summary

Surge Battery Metals has filed an updated NI 43-101 Technical Report for the Nevada North Lithium Project in Nevada. The report includes a pit-constrained Measured & Indicated resource of 10.51 Mt LCE at 3007 ppm Li.

Reasoning: The company has filed a formal NI 43-101 technical report for its Nevada North Lithium Project, confirming a significant M&I resource of 10.51 Mt LCE at 3007 ppm Li.

- Positive factor: High-grade lithium resource

- Positive factor: QP/CP sign-off provided

- Positive factor: NI 43-101 compliant technical report filed

- Negative factor: Low novelty as it is a filing of a previously announced estimate

Facts used in scoring: 1

## Classification and evidence

**Indicated Resource**

Polarity: positive

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

Why it applies: The resource is reported as Measured & Indicated, which is treated as Indicated per extraction rules.

Evidence · text

> pit-constrained Measured & Indicated Resource

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: The announcement explicitly states the filing of an NI 43-101 Technical Report.

Evidence · text

> updated Mineral Resource Estimate \("MRE"\) for the Company's flagship Nevada North Lithium Project has now been filed on SEDAR+ and is available on the Company's website; Surge Battery Metals - NI 43-101 Technical Report

**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: Independent Qualified Persons \(Jeff Bickel and Nathan Forsythe\) from RESPEC are named and have reviewed the data.

Evidence · text

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

**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 cutoff grade of 1,250-ppm Li is explicitly stated.

Evidence · text

> grading 3007 ppm Li at a 1,250-ppm cutoff

## Extracted facts

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

## Resource Estimates (1)

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/surge-battery-metals-announces-filing-of-updated-mineral-resource-estimate-techn--8b891dcd-8992-4906-9be0-fe2fb5923799#fact-resource-facts-0)

lithium

#### Identity

- Commodity: lithium
- Ticker: NILI

#### Resource Data

- Category: indicated
- Tonnes: 10510000
- Grade: 3007
- Grade Unit: ppm
- Cutoff Grade: 1250

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-06-30T00:00:00.000Z

Reasoning: 10.51 Mt at 3007 ppm Li represents a significant resource base for the project.

- Positive factor: Strong grade for lithium clay

Evidence · text

> pit-constrained Measured & Indicated Resource containing an estimated 10.51 Mt of Lithium Carbonate Equivalent \(LCE\) grading 3007 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.