Surge Continues to Encounter Robust Lithium Grades Including 31M Intercepts at 4196 PPM Li from Surface in a 640M Step Out to the SE

Program Confirms Continuity of Mineralization and Grades

West Vancouver, British Columbia – Newsfile Corp. – February 17, 2026 – Surge Battery Metals Inc. (TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5) (the “Firm” or “Surge“) is happy to announce that Nevada North Lithium LLC (NNL), the three way partnership fashioned by Surge and Evolution Mining Restricted (Evolution), has reported assay outcomes from the Nevada North Lithium Undertaking (NNLP). The preliminary focus of this information launch particulars the profitable step-out holes alongside the western, southwestern, and southeastern edges of the present mineral useful resource boundary.

Drilling continues to verify the size and continuity of the deposit, intersecting thick, favorable claystone horizons on and past the sides of the beforehand established footprint.

Highlights of the 2025 Drill Program:

The nine-hole program, totaling 4,634.5 ft (1,412.6 meters), efficiently achieved all its main aims: gathering important information for upgrading the mineral useful resource (from inferred to indicated and measured); gathering important geotechnical and hydrogeological information; and securing bulk samples for metallurgical check work important to the deliberate 2026 Pre-Feasibility Research (PFS).

• Southeastern Enlargement: Step-out Gap NNL-037, positioned 640 meters east-southeast of the closest gap, returned a cumulative thickness of 30.6 meters (100.5 ft) grading a median of 4,196 ppm Lithium (Li), together with important minerals Rubidium (325 ppm Rb) and Cesium (112 ppm Cs) related to Li mineralization.
• Strong Geochemical Fingerprint: This system confirmed a constructive correlation between elevated Cesium and Rubidium values and high-grade Lithium mineralization. This distinctive geochemical signature acts as a dependable pathfinder, de-risking future exploration and confirming that the mineralizing system is uniform throughout your complete 4.3 km strike size.
• Western Flank Progress: Gap NNL-031 returned 70.5 meters (240.3 ft) of mixed mineralization grading 3,432 ppm Li, plus interval-associated common grades of 282 ppm Rb and 118 ppm Cs. Essentially the most western gap to this point, NNL-029, returned 42.3 meters (138.4 ft) at 3,306 ppm Li, and 259 ppm Rb/138 ppm Cs.
  • A fault is interpreted from the 2024 RC gap NNL-023, and these two holes assist find the terminus of the clays on the western edge, additional refining the useful resource.
• Southwestern Continuity: Gap NNL-034 efficiently prolonged the mineralized horizon to the southwest, intersecting over 100 meters (330.6 ft) at 3,134 ppm Li.
  • This gap additionally approaches an interpreted fault found in 2024 RC gap NNL-027, bringing the useful resource additional in the direction of the basin margin at this location.
• Open to the south and the east: The 2025 program confirms what geophysical surveys beforehand steered: the high-grade Nevada North basin is bigger than at the moment modeled and stays open to the south, and east. No boundary has been established by drilling in these instructions.

Desk 1. NNLP 2025 core drilling, complete mineralization

• Useful resource Improve Focus: The infill drilling efficiently elevated information density throughout the current useful resource footprint, offering the required info to help the improve of Inferred assets to Indicated and Measured classifications – a vital step for the PFS.
• Complete PFS Information Acquired: This system systematically collected essential information past main lithium assays, together with large-diameter (PQ) core for metallurgical testing, detailed geotechnical logging and televiewer information, and hydrogeological information together with Vibrating Wire Piezometer (VWP) installations.

Desk 2. Mineralized intercepts

Mr. Greg Reimer, CEO, President and Director of Surge, commented “these drill holes materially improve the size of the Nevada North Lithium Undertaking. Intersecting almost 4,200 ppm lithium in a 640-meter step-out to the southeast in NNL-037 is a major achievement. Not solely is the system steady, however we’re encountering a few of our highest grades on the very edges of the recognized footprint. It’s more and more clear that we’ve solely begun to faucet the true potential dimension of this premier lithium asset.”

SAMPLE CUSTODY AND HANDLING, QA/QC

For the 2025 drilling program, Surge geologists carried out a rigorous high quality assurance and high quality management (QA/QC) protocol. Drill core was logged, photographed, cut up, and sampled on the Firm’s safe pattern processing facility in Twin Falls, Idaho, with pattern intervals usually set at 5 ft (1.52m), adjusted for lithological contacts. Core was minimize utilizing a diamond noticed for competent rock or by hand for softer clay-rich intervals to make sure consultant sampling.

Samples have been positioned in barcode-labeled normal 20″x24″ polyester Heavy Sentry baggage. For your complete 2025 drill program, 134 out of 806 QA/QC samples have been submitted, representing roughly 16.6% of the 806 complete samples analyzed. This included the systematic insertion of licensed reference supplies (MEG requirements), blanks, and quarter-core duplicates.

• Blanks: 43 clean samples have been inserted. All however one returned values < 50 ppm Li, according to background ranges for the clean materials used. One outlier was reported at 81.8 ppm Li.
• Requirements: 47 lithium requirements have been inserted, comprising three licensed grades (roughly 720 ppm, 1606 ppm, and 2536 ppm Li). All requirements carried out inside acceptable limits, demonstrating excessive analytical accuracy throughout the grade vary.
  • Observe: This program launched a brand new site-specific normal grading 2,536 ppm Li, developed immediately from NNLP mineralized materials to make sure matrix-matched analytical accuracy.
• Duplicates: 44 duplicate samples have been analyzed. All duplicates fell inside 10% tolerance, confirming glorious reproducibility of the sampling and analytical strategies.

Certified Particular person:

Alan J. Morris, MSc, CPG of Spring Creek, Nevada, Geological Advisor to the Firm, and a Certified Particular person as outlined underneath Nationwide Instrument 43-101, has reviewed and permitted the technical elements of this information launch. Mr. Morris has verified the info disclosed respecting the drill program by reviewing all out there info. There have been no limitations on the verification course of.

Determine 1. Drill Gap Location Map for 2025 Program

To view an enhanced model of this graphic, please go to:
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The Firm needs to make clear that, in reference to the closing of the non-public placement, it issued an mixture of 27,777,780 items (beforehand introduced as 27,777,980 items) at a value of $0.90 per unit for complete gross proceeds of $25,000,000 (beforehand introduced as $25,000,000), comprised of twenty-two,222,000 items issued pursuant to the LIFE Providing (beforehand introduced as 22,222,200 items) and 5,555,780 items issued pursuant to the Concurrent Providing (beforehand introduced as 5,555,780 items). As every unit consists of 1 widespread share and one-half of 1 widespread share buy warrant, the Firm issued a complete of 13,888,890 warrants (beforehand introduced as 13,888,990 warrants), with every full warrant exercisable at $1.35 till February 3, 2029. All different phrases of the non-public placement stay unchanged.

About Surge Battery Metals Inc.

Surge Battery Metals Inc., a Canadian-based mineral exploration firm, is on the forefront of securing the availability of home lithium by its energetic engagement within the Nevada North Lithium Undertaking. The venture focuses on improvement of high-grade lithium power metals in Nevada, USA, a vital aspect for powering battery electrical storage and electrical autos. With a main itemizing on the TSX Enterprise Alternate in Canada and an inventory on the OTCQX Market within the USA, Surge Battery Metals Inc. is strategically positioned as a key participant in advancing lithium exploration.

About Evolution Mining Restricted

Evolution Mining is a number one, globally related gold miner. Evolution operates six mines, comprising 5 wholly-owned mines – Cowal in New South Wales, Ernest Henry and Mt Rawdon in Queensland, Mungari in Western Australia, and Pink Lake in Ontario, Canada, and an 80% share in Northparkes in New South Wales.

About Nevada North Lithium LLC

Nevada North Lithium LLC owns the Nevada North Lithium Undertaking southeast of Jackpot, Nevada about 73 km north-northeast of Wells, Elko County. The primary three rounds of drilling on the venture recognized a strongly mineralized zone of lithium bearing clays occupying a strike size of greater than 4,300 meters and a recognized width of higher than 1,500 meters. Extremely anomalous soil values and geophysical surveys counsel there may be potential for the clay horizons to be a lot higher in extent. The Nevada North Lithium Undertaking has a pit-constrained Inferred Useful resource containing an estimated 11.24 Mt of Lithium Carbonate Equal (LCE) grading 3010 ppm Li at a 1,250-ppm cutoff. The just lately accomplished PEA reported an after-tax NPV₈% US $9.17 Billion and after-tax IRR of twenty-two.8% at $24,000/t LCE and an OPEX of US $5,243/t LCE.

On behalf of the Board of Administrators

“Greg Reimer”

Greg Reimer,
President & CEO

Contact Info
E mail : data@surgebatterymetals.com
Telephone : 604-662-8184
Web site: surgebatterymetals.com

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Neither the TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this launch.

This doc could include sure “Ahead-Trying Statements” throughout the which means of america Non-public Securities Litigation Reform Act of 1995 and relevant Canadian securities legal guidelines. When used on this information launch, the phrases “anticipate”, “imagine”, “estimate”, “anticipate”, “goal, “plan” or “deliberate”, “doable”, “potential”, “forecast”, “intend”, “could”, “schedule” and comparable phrases or expressions establish forward-looking statements or info. These forward-looking statements or info could relate to future costs of commodities together with lithium and nickel, the accuracy of mineral or useful resource exploration exercise, reserves or assets, regulatory or authorities necessities or approvals together with approvals of title and mining rights or licenses and environmental, area people or indigenous group approvals, the reliability of third get together info, continued entry to mineral properties or infrastructure or water, adjustments in legal guidelines, guidelines and laws together with in america, Nevada or California or every other jurisdiction which can impression upon the Firm or its properties or the business exploitation of these properties, foreign money dangers together with the alternate fee of USD$ for Cdn$ or different currencies, fluctuations out there for lithium associated merchandise, adjustments in exploration prices and authorities royalties, export insurance policies or taxes in america or every other jurisdiction and different elements or info. The Firm’s present plans, expectations, and intentions with respect to improvement of its enterprise and of its Nevada properties could also be impacted by financial uncertainties arising out of any pandemic or by the impression of present monetary and different market circumstances (together with US authorities subsidies or incentives) on its capacity to safe additional financing or funding of its Nevada properties. Such statements characterize the Firm’s present views with respect to future occasions and are essentially based mostly upon a number of assumptions and estimates that, whereas thought-about cheap by the Firm, are inherently topic to important enterprise, financial, aggressive, political, environmental (together with endangered species, habitat preservation and water associated dangers) and social dangers, contingencies, and uncertainties. Many elements, each recognized and unknown, may trigger outcomes, efficiency, or achievements to be materially completely different from the outcomes, efficiency or achievements which might be or could also be expressed or implied by such forward-looking statements. The Firm doesn’t intend, and doesn’t assume any obligation, to replace these forward-looking statements or info to replicate adjustments in assumptions or adjustments in circumstances or every other occasions affecting such statements and data apart from as required by relevant legal guidelines, guidelines, and laws.

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