With PFS in Hand, Surge Battery Metals Seeks Partners for Nevada North

Surge's Nevada North PFS shows $9.8B NPV on $2.77B Phase 1 capex, with Phase 1 water largely secured ahead of a 2028 FID.

• PFS economics: Nevada North's pre-feasibility study shows a $9.8B after-tax NPV with $2.77B Phase 1 capital, built on 218.3M tons at 3,928 ppm lithium supporting a 42-year mine life.
• Water de-risked for Phase 1: An agreement with the Salmon River Cattlemen's Association gives Surge a good line of sight on the 3,280 acre-feet/year needed, though Phase 2 water still needs work.

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