# Surge Battery Metals Announces Filing of Updated Mineral Resource Estimate Technical Report Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/surge-battery-metals-announces-filing-of-updated-mineral-resource-estimate-techn--113c6557-d897-463e-af41-61d5aaadb514 Original source: https://money.tmx.com/en/quote/NILI/news/5650781648571688/surge-battery-metals-announces-filing-of-updated-mineral-resource-estimate-techn Publisher: tmx Original announcement: 2026-06-30T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Surge Battery Metals Inc. - Ticker: NILI - Exchange: TSX - Region: Nevada - Primary commodity: Lithium - Secondary commodities: None reported - Document categories: Resource update - Extracted: 2026-09-14 14:40:01 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Surge Battery Metals has filed an updated NI 43-101 Technical Report for the Nevada North Lithium Project. The project features a pit-constrained Measured & Indicated resource of 10.51 Mt LCE at 3007 ppm Li. Reasoning: The filing of the NI 43-101 technical report formalizes the updated MRE, providing high-confidence geological data for the Nevada North project. - Positive factor: Pit-constrained Measured & Indicated resource established - Positive factor: High-grade lithium clay mineralization - Positive factor: NI 43-101 compliant technical report filed - Negative factor: Resource is a restatement of May 15, 2026 release Facts used in scoring: 1 ## Classification and evidence **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The company announced the filing of an NI 43-101 Technical Report. Evidence · text > updated Mineral Resource Estimate \("MRE"\) for the Company's flagship Nevada North Lithium Project has now been filed on SEDAR+ and is available on the Company's website; Surge Battery Metals - NI43-101 Technical Report . **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Independent Qualified Persons Jeff Bickel and Nathan Forsythe are named as having prepared the MRE. Evidence · text > The independent QPs were Mr. Jeff Bickel, C.P.G., and Mr. Nathan Forsythe, C.P.G., of RESPEC in Reno, Nevada. **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The announcement concerns the filing of an updated Mineral Resource Estimate technical report. Evidence · text > Surge Battery Metals Announces Filing of Updated Mineral Resource Estimate Technical Report ## Extracted facts Stored fact records: 1. Some facts used in scoring do not have a stored record. ## Resource Estimates (1) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/surge-battery-metals-announces-filing-of-updated-mineral-resource-estimate-techn--113c6557-d897-463e-af41-61d5aaadb514#fact-resource-facts-0) Nevada North Lithium Project · lithium Historical result Needs review: historical\_restatement #### Identity - Project: Nevada North Lithium Project - Commodity: lithium - Region: usa\_nv - Reported Region: Nevada - Ticker: NILI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jeff Bickel, Nathan Forsythe - Resource group id: resource:600c6630a326a5a07425 - Deposit or zone: Nevada North Lithium Project - Ownership percent: 70.54 % - Resource basis: attributable #### Resource Data - Category: indicated - Tonnes: 10510000 - Grade: 3007 - Grade Unit: ppm - Cutoff Grade: 1250 - Cutoff Unit: ppm #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-05-15T00:00:00.000Z #### Dates - Event date: 2026-06-30T00:00:00.000Z Reasoning: The resource represents a formalization of the May 15 update in a technical report. - Positive factor: Pit-constrained resource - Positive factor: High grade \(3007 ppm Li\) - Negative factor: Restatement of May 15 release Evidence · text > The Project now has a pit-constrained Measured & Indicated Resource containing an estimated 10.51 Mt of Lithium Carbonate Equivalent \(LCE\) grading 3007 ppm Li at a 1,250-ppm cutoff. #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.