Surge Announces Positive Pre-Feasibility Study at Nevada North: After-Tax NPV8% of US$9.81 Billion, ...

Surge Announces Positive Pre-Feasibility Study at Nevada North: After-Tax NPV8% of US$9.81 Billion, After-Tax IRR of 23.6% and Operating Cost of US$4,719/tonne Lithium Carbonate PFS improves on 2025 PEA with lower Phase 1 capital, lower operating cost, higher recovery and a faster 4.2-year payback over a 42-year mine life West Vancouver, British Columbia--(Newsfile Corp. - October 2, 2026) - Surge Battery Metals Inc. (TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5) ("Surge" or the "Company") is pleased to announce the results of the Pre-Feasibility Study ("PFS") for the Nevada North Lithium Project ("NNLP", "Nevada North" or the "Project") located in Elko County, Nevada. The Project is held by Nevada North Lithium LLC ("NNL"), a joint venture owned 67.5% by Surge and 32.5% by Evolution Mining Limited ("Evolution Mining").