Surge Battery Metals Reports Optimization of Flowsheet Parameters and Extraction Successes at Nevada North

Original announcement by tmx on

Company
Surge Battery Metals Inc.
Ticker
NILI
Exchange
TSX
Region
Nevada
Primary commodity
Lithium
Secondary commodities
None reported
Document categories
Metallurgy
Extracted
2026-09-14 14:50:41 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Surge Battery Metals reports successful metallurgical testing at the Nevada North Lithium Project, including lithium extraction rates exceeding 93% at Kemetco. The company has also demonstrated effective beneficiation and is progressing to scaled-up solid-liquid separation studies to support its upcoming Pre-Feasibility Study.

Reasoning: Successful bench-scale lithium extraction (>93%) and beneficiation results provide positive technical de-risking for the upcoming PFS.

Positive factors

  • high lithium extraction rates
  • successful beneficiation
  • de-risking of solid-liquid separation

Negative factors

  • technically challenging clay rheology

Facts used in scoring: 2

Classification and evidence

High Recoverypositive

Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: Lithium extraction rates exceeding 93% are strong for preliminary leach testing.

Evidence · text

“achieved lithium extraction rates exceeding 93%”

Bench Scale Onlynegative

Only preliminary bench tests completed — no locked-cycle or pilot work.

Why it applies: Testing is described as optimization and preliminary work to support a PFS, not yet at pilot scale.

Evidence · text

“update on the metallurgical testing program currently underway to support the Pre-Feasibility Study (PFS)”

Multi-Domain Testedpositive

Variability across ore domains (oxide, transition, fresh) has been addressed.

Why it applies: 2 distinct composites were tested

Extracted facts

Stored fact records: 2. Some facts used in scoring do not have a stored record.

Metallurgical Results (2)

leachNevada North Lithium Project · lithiumRecovery: 93 %View all details
Link to this fact

Identity

Project
Nevada North Lithium Project
Commodity
lithium
Region
usa_nv
Reported Region
Nevada
Ticker
NILI

Test Work

Program Status
preliminary
Test Type
leach
Processing Route
leaching
Sample
Master Composite and variability samples, leach circuit optimization at Kemetco

Recovery

Recovery
93 %
Recovery Basis
actual_test

Lab

Laboratory
Kemetco Research Inc.

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: 93% extraction rate is a strong preliminary result for lithium leaching.

Positive factors

  • extraction rate exceeding 93%

Evidence · text

“achieved lithium extraction rates exceeding 93% under optimized leaching conditions”

Tags used in scoring

High Recoverypositive

Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 93% is at or above the exceptional band (80%)

beneficiationNevada North Lithium Project · lithiumView all details
Link to this fact

Identity

Project
Nevada North Lithium Project
Commodity
lithium
Region
usa_nv
Reported Region
Nevada
Ticker
NILI

Test Work

Program Status
preliminary
Test Type
beneficiation
Processing Route
beneficiation
Sample
beneficiated material

Lab

Laboratory
Sepro Mineral Systems Corp.

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: Successful beneficiation demonstrates early-stage efficiency in upgrading material.

Positive factors

  • effective upgrading of run-of-mine material

Evidence · text

“Beneficiation work... with Sepro has yielded positive results, demonstrating that run-of-mine material can be effectively upgraded early in the flowsheet.”

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.