# Surge Battery Metals Reports Optimization of Flowsheet Parameters and Extraction Successes at Nevada North

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/surge-battery-metals-reports-optimization-of-flowsheet-parameters-and-extraction--c7166c8f-81a6-4491-9819-c00c259ee946

Original source: https://money.tmx.com/en/quote/NILI/news/4905689508778120/surge-battery-metals-reports-optimization-of-flowsheet-parameters-and-extraction

Publisher: tmx

Original announcement: 2026-05-26T12:00:00.000Z

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: Metallurgy, Resource update

- Extracted: 2026-08-22 02:48:42 UTC

Narrative sentiment: 0.70 · Bullish

## Minestarters Atlas summary

Surge Battery Metals has reported successful metallurgical testing at its Nevada North Lithium Project, including lithium extraction rates exceeding 93% during leach optimization. The company is also advancing beneficiation and solid-liquid separation studies to support its upcoming Pre-Feasibility Study.

Reasoning: The announcement reports successful lithium extraction rates exceeding 93% in leach optimization tests and successful beneficiation, which are key de-risking milestones for the upcoming PFS.

- Positive factor: High lithium extraction rates \(>93%\)

- Positive factor: Successful beneficiation results

- Positive factor: Progress towards PFS

- Negative factor: Technically challenging solid-liquid separation due to clay

Facts used in scoring: 2

## Classification and evidence

**High Recovery**

Polarity: positive

Definition: Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: Lithium extraction rates exceeding 93% are reported for the leach optimization tests.

Evidence · text

> achieved lithium extraction rates exceeding 93%

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: The flowsheet involves beneficiation and leach circuits.

Evidence · text

> successfully completed critical front-end beneficiation and pre-leach optimization

**Resource Update**

Polarity: neutral

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

Why it applies: The document references the recent upgrade of the Mineral Resource Estimate.

Evidence · text

> Concurrently with the successful development of the upgraded Mineral Resource Estimate

## Extracted facts

Stored fact records: 2. Some facts used in scoring do not have a stored record.

## Metallurgical Results (2)

### leach

[Link to this fact](https://atlas-staging.minestarters.com/news/surge-battery-metals-reports-optimization-of-flowsheet-parameters-and-extraction--c7166c8f-81a6-4491-9819-c00c259ee946#fact-metallurgical-facts-0)

lithium

#### Identity

- Commodity: lithium
- Ticker: NILI

#### Test Work

- Program Status: optimization
- Test Type: leach
- Sample: Master Composite sample, leach circuit optimization at Kemetco

#### Recovery

- Recovery: 93 %
- Recovery Basis: actual\_test

#### Lab

- Laboratory: Kemetco Research Inc.

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: Extraction rate of >93% is a strong result for lithium leach optimization.

- Positive factor: Exceeds 93% extraction

Evidence · text

> achieved lithium extraction rates exceeding 93% under optimized leaching conditions

### Fact 2

[Link to this fact](https://atlas-staging.minestarters.com/news/surge-battery-metals-reports-optimization-of-flowsheet-parameters-and-extraction--c7166c8f-81a6-4491-9819-c00c259ee946#fact-metallurgical-facts-1)

lithium

#### Identity

- Commodity: lithium
- Ticker: NILI

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The resource is a restatement of the project's current M&I status mentioned in the context of the metallurgical update.

- Positive factor: Pit-constrained M&I resource

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.