Demonstrates a Full Ore-to-Battery-Grade Flowsheet Forward of Prefeasibility Examine
West Vancouver, British Columbia – Newsfile Corp. – September 15, 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, refined lithium carbonate produced from NNL ore to a battery-grade product reported at 99.95% Li2CO3. 
Kemetco Analysis Inc. (“Kemetco”) produced a crude lithium carbonate assaying 99% Li2CO3 immediately from the NNLP Grasp Composite by beneficiation, sulfuric acid leaching, resolution purification and carbonate precipitation, as a part of the metallurgical program supporting the Mission’s prefeasibility examine (“PFS”). A portion of that carbonate was then refined by Chemshift Applied sciences Inc. of Calgary, Alberta, to a battery-grade product reported at 99.95% Li2CO3. Collectively the 2 applications exhibit a steady flowsheet from run-of-mine ore to a refined battery-grade product utilizing typical unit operations, lowering technical threat because the Mission advances towards completion of the PFS.
Highlights
- Battery-grade product achieved. Crude lithium carbonate produced from Nevada North clays was refined to a product reported at 99.95% Li2CO3.
- Full flowsheet demonstrated. Kemetco produced a 99% Li2CO3 product immediately from the NNLP Grasp Composite by beneficiation, leaching, impurity elimination and carbonate precipitation. The next refining step on the identical materials demonstrated that battery-grade materials will be produced from Mission clays utilizing typical unit operations.
- Robust lithium extraction. Sulfuric acid leaching of beneficiated Mission materials achieved lithium extractions exceeding 93% at an acid addition of 475 kg/t of beneficiated feed, rising to roughly 98% at a better acid addition. Leach kinetics had been speedy, with leaching full inside one hour of reaching the 90°C goal temperature.
- Efficient beneficiation. Delicate attrition adopted by screening recovered 98.9% of the lithium into the tremendous (-20 µm) fraction whereas rejecting roughly 75% of the acid-consuming carbonate, confirming the fabric’s amenability to beneficiation forward of the leach circuit.
Mr. Greg Reimer, President, Chief Government Officer and Director of Surge, commented, “Producing battery-grade lithium carbonate from Nevada North ore is a major step for the Mission. We have now now demonstrated the complete chain – from sedimentary clay within the floor, by a traditional leach and purification circuit, to a refined product that meets battery-grade specs. That end result helps the flowsheet our engineers have been growing by the prefeasibility examine. Our focus now turns to pilot-scale work, the place we’ll check restoration, consistency, reagent consumption and vitality efficiency beneath steady working situations.”
The Firm additionally declares it has entered right into a advertising and marketing providers settlement dated September 14, 2026 (the “Settlement”) with Outdoors The Field Capital Inc. (“OTBC”), an Ontario-based advertising and marketing agency with an workplace at 2202 Inexperienced Orchard Place, Oakville, Ontario. OTBC will help the Firm with advertising and marketing technique, social-media engagement, the distribution of Firm-approved data by on-line platforms and the manufacturing of influencer, question-and-answer and corporate-highlight movies. The engagement commenced on September 14, 2026 and has a time period of 12 months, divided into two six-month durations. Both social gathering might terminate the Settlement throughout the preliminary six-month interval upon 30 days’ discover, and if the Settlement isn’t terminated within the preliminary six-month interval, then the Settlement will proceed for the next six-month interval. The Firm pays OTBC US$250,000 plus relevant taxes for every six-month interval (mixture money funds of US$500,000 for the complete 12-month time period of the Settlement), with the funds funded from the Firm’s working capital. Topic to the approval of the TSX Enterprise Change and the Firm’s fairness incentive plan, The Firm has additionally granted OTBC 700,000 inventory choices, every exercisable at C$1.02 per frequent share for a interval of 5 years. The choices will vest in equal quarterly instalments over 12 months in accordance with relevant TSX Enterprise Change necessities, and any unvested choices shall be cancelled if the Settlement is terminated for any motive. OTBC is owned and managed by Jason Coles, is arm’s size to the Firm and, along with its principals, doesn’t presently personal any securities of the Firm aside from the choices described above and has no different current proper or intention to amass an curiosity within the Firm. The Settlement stays topic to the approval of the TSX Enterprise Change.
The Firm needs to appropriate its information releases dated July 8, 2026, and September 10, 2026, which said that inventory choices had been granted to sure administrators, officers and consultants of the Firm. The choices had been granted solely to consultants of the Firm, and no choices had been granted to any administrators or officers. All different phrases of the choice grants and the earlier information releases stay unchanged.
Certified Particular person as Outlined Beneath Nationwide Instrument 43-101
Alan J. Morris, MSc, CPG of Spring Creek, Nevada, Geological Advisor to the Firm, and a Certified Particular person as outlined beneath Nationwide Instrument 43-101, has reviewed and authorized the technical points of this information launch. Mr. Morris has relied on the studies and knowledge supplied by Kemetco and Chemshift with respect to the metallurgical and analytical outcomes disclosed.
About Surge Battery Metals Inc.
Surge Battery Metals Inc., a mineral exploration firm on the forefront of securing the provision of home lithium by its lively engagement within the Nevada North Lithium Mission. The undertaking focuses on exploring clear, high-grade lithium vitality metals in Nevada, USA, an important factor for powering electrical autos. With a major itemizing on the TSX Enterprise Change and the OTCQX Market within the US, 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 Purple Lake in Ontario, Canada, and an 80% share in Northparkes in New South Wales.
About Nevada North Lithium, LLC
Nevada North Lithium, LLC, collectively owned by Surge Battery Metals Inc (67.5%) and Evolution Mining Restricted (32.5%), owns the Nevada North Lithium Mission southeast of Jackpot, Nevada about 73 km north-northeast of Wells, Elko County. The primary 4 rounds of drilling on the undertaking recognized a strongly mineralized zone of lithium bearing clays occupying a strike size of greater than 4,700 meters and a identified width of higher than 2,000 meters. The Mission’s up to date Mineral Useful resource Estimate, filed June 30, 2026, studies a pit-constrained Measured & Indicated Useful resource containing an estimated 10.51 Mt of Lithium Carbonate Equal (LCE) grading 3,007 ppm Li at a 1,250-ppm cutoff. As disclosed within the Firm’s Preliminary Financial Evaluation dated Could 19, 2025 (PEA), which is preliminary in nature and contains Inferred Assets thought-about too speculative geologically to have financial concerns utilized that may allow them to be categorized as Mineral Reserves, the Nevada North Lithium Mission 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,
Director, President & CEO
Contact Info
E-mail: information@surgebatterymetals.com
Cellphone: 604-662-8184
Web site: surgebatterymetals.com
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Neither the TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts duty for the adequacy or accuracy of this launch.
Ahead-Trying Statements
This doc might include sure “Ahead-Trying Statements” inside the that means of the USA Personal Securities Litigation Reform Act of 1995 and relevant Canadian securities legal guidelines. When used on this information launch, the phrases “anticipate”, “imagine”, “estimate”, “count on”, “goal”, “plan” or “deliberate”, “attainable”, “potential”, “forecast”, “intend”, “might”, “schedule” and comparable phrases or expressions establish forward-looking statements or data. These forward-looking statements or data might relate to future costs of commodities together with lithium, the accuracy of mineral or useful resource exploration exercise, reserves or assets, the accuracy of money circulate forecasts, projected capital and working prices, metallic processing recoveries, metallurgical check outcomes and their applicability at pilot, demonstration or industrial scale, mine life, manufacturing charges, 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 social gathering data, continued entry to mineral properties or infrastructure or water, adjustments in legal guidelines, guidelines and rules together with in the USA, Nevada or California or every other jurisdiction which can affect upon the Firm or its properties or the industrial exploitation of these properties, forex 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 the USA or every other jurisdiction, and different elements or data.
Ahead-looking statements on this information launch additionally embrace statements relating to the characterization of the lithium carbonate product as battery grade and its suitability for buyer qualification, the power to breed the metallurgical outcomes described herein at bigger scale, the timing, scope and outcomes of the deliberate pilot-scale program, the timing and end result of the prefeasibility examine, and the event of the Mission usually. Metallurgical check outcomes described on this information launch had been obtained at bench and small scale on restricted pattern portions and might not be consultant of outcomes achievable at pilot, demonstration or industrial scale. Such statements symbolize the Firm’s present views with respect to future occasions and are essentially based mostly upon quite a lot of assumptions and estimates that, whereas thought-about cheap by the Firm, are inherently topic to vital enterprise, financial, aggressive, political, environmental (together with endangered species, habitat preservation and water-related dangers) and social dangers, contingencies and uncertainties. Many elements, each identified and unknown, may trigger outcomes, efficiency or achievements to be materially totally 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 data to mirror adjustments in assumptions or adjustments in circumstances or every other occasions affecting such statements and data aside from as required by relevant legal guidelines, guidelines, and rules.
The issuer is solely answerable for the content material of this announcement.
