Venari Minerals has joined the US Defense Industrial Base Consortium (DIBC), providing streamlined access to US Department of War grant funding and defense contractor collaborations. This membership is strategically positioned to support the development of the Red Mountain Lithium and Strategic Metals Project in Nevada, particularly regarding its strontium and lithium resources.
Venari Minerals has updated its Red Mountain Mineral Resource Estimate (MRE) to include significant strontium and magnesium by-products, alongside the previously estimated lithium. This enhancement positions Red Mountain as the only MRE in the USA containing strontium, a strategic material for which the US is 100% import-dependent, and adds substantial economic potential to the project. The MRE now comprises 500Mt at 0.61% LCE, 0.53% Strontium Carbonate Equivalent (SCE), and 2.40% Mg, all in the Inferred category.
Surge Battery Metals has released a Pre-Feasibility Study (PFS) for its Nevada North lithium project, projecting an after-tax NPV of $9.81 billion and a 24% IRR. The study demonstrates improved economics compared to the 2025 PEA, including higher recoveries and lower operating costs.
Surge Battery Metals is hosting an analyst conference call on October 5, 2026, to discuss the Pre-Feasibility Study (PFS) results for the Nevada North Lithium Project. The call follows the disclosure of the PFS results on October 2, 2026, and is restricted to equity research analysts and institutional investors.
Surge Battery Metals announced a positive Pre-Feasibility Study for its Nevada North Lithium Project, reporting an after-tax NPV8% of US$9.81 billion and an after-tax IRR of 23.6%. The study outlines a 42-year mine life with an average annual production of approximately 92,250 tpa lithium carbonate and a low operating cost of US$4,719/tonne. The PFS incorporates a Proven and Probable Mineral Reserve of 218.3 million tonnes at 3,928 ppm Li, and demonstrates the production of battery-grade lithium carbonate.
Surge Battery Metals announced positive results from a Pre-Feasibility Study (PFS) for its Nevada North Lithium Project, reporting an after-tax NPV8% of US$9.81 billion and an IRR of 23.6% over a 42-year mine life. The PFS, which supersedes a 2025 PEA, outlines a two-phase open-pit operation producing battery-grade lithium carbonate with an average annual production of 92,250 tonnes and an overall lithium recovery of 84.9%. The study is based on Proven and Probable Mineral Reserves of 4.56 million tonnes of lithium carbonate equivalent, with initial capital costs for Phase 1 estimated at US$2.77 billion.
Fulcrum Lithium Ltd announced positive metallurgical results for its Alkali Flats project, demonstrating 64% to 79% lithium recovery from an acid-free calcination roast and water leach process, with up to 68% recovery within 24 hours. This method significantly reduced impurities and reagent usage compared to previous sulfuric acid extractions, offering flexibility for processing options. Concurrently, the company expanded its Alkali Flats claims by staking 41 new lode claims to capture potential extensions of the higher-grade lithium trend and support future drilling aimed at resource growth.
Peloton Minerals Corporation has entered into a metallurgical research agreement with the University of Nevada, Reno to develop leaching strategies for the North Elko Lithium Project. The program aims to investigate the co-recovery of lithium, rubidium, cesium, and gallium from project clays and will run until September 2027.
Peloton Minerals Corporation has entered into a metallurgical research agreement with the University of Nevada, Reno to develop leaching strategies for the North Elko Lithium Project. The program aims to assess the technical feasibility of co-recovering lithium, rubidium, cesium, and gallium from project clays.
Surge Battery Metals has commenced its 2026/27 drill program at the Nevada North Lithium Project to support an upcoming Bankable Feasibility Study (BFS). The program includes diamond core, sonic, and RC drilling focused on pit definition, geotechnical data, and metallurgical sampling. The project holds a recent M&I resource of 657.5 Mt at 3,007 ppm Li.
