Surge Battery Plans Nevada Lithium Drilling Program

Surge Battery Metals Inc. is advancing its Nevada North Lithium Project with a planned nine-hole core drilling program designed to support a future Pre-Feasibility Study (PFS). The drilling aims to upgrade the current Inferred Mineral Resource to the Indicated and potentially Measured categories, enhancing resource confidence and reducing project risk. The company has secured a new Right of Entry and Exploration Agreement with the Salmon River Cattlemen's Association, allowing access to private lands for drilling, while approval for work on adjacent public lands is pending. In addition, Surge signed a non-binding letter of intent with the SRCA addressing long-term access and water rights management, crucial for mining operations. Despite strategic progress, Surge faces financial challenges and market skepticism, with analysts rating the stock as a Buy but TipRanks' AI Analyst categorizing it as Underperform due to lack of revenue and profitability concerns. The project is positioned as a key domestic source of battery-grade lithium essential for electric vehicle supply chains.