Surge Battery Metals Inc.S
Surge Battery Metals Inc. (TSXV: NILI) is a Canadian exploration company advancing the Nevada North Lithium Project, a lithium-bearing claystone deposit southeast of Jackpot, Nevada. The project is held via Nevada North Lithium, LLC, jointly owned by Surge (67.5%) and Evolution Mining Limited (32.5%, a major Australian gold producer that has funded project advances via convertible loans). An updated Measured & Indicated Mineral Resource Estimate (filed 30 June 2026) reports a pit-constrained 10.51 Mt LCE at 3,007 ppm Li (1,250 ppm cutoff) -- among the largest and highest-grade lithium clay deposits identified in the United States.
Notable vs. Peers
- Financials score of 9.6/10 is stronger than the peer average of 4.9/10.
Lifecycle Milestones
Not yet determined: mill, tailings facility, grid power.
Jurisdiction (40%)9/10
Nevada: Fraser PPI 2025 is 100.00 of 100 (rank 1 of 68), which maps to 9 on this site's scale. Nevada North Lithium Project sits in Elko County, Nevada, USA -- a stable, top-tier-rule-of-law, mining-friendly US state jurisdiction.
Infrastructure (40%)6.4/10
Confirmed road access at Nevada North Lithium Project, Elko County, Nevada, USA; existing mill, grid power, and tailings facility not yet researched, counted at a neutral 5/10 until established.
Nearby producing mine (20%)Not yet researched
No producing mine within 50 km in our reference list (nearest listed: Carlin (Gold Quarry / Mill 6) (Nevada Gold Mines), 166 km). That list doesn't cover every mining district yet, so a longer distance isn't scored as remote.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score:1.1/10
Nearest producing mine: Carlin (Gold Quarry / Mill 6) (Nevada Gold Mines), 166 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% here - Lifecycle stageSub-score:3.5/10
Stage: Resource Definition
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 31% here - JurisdictionSub-score:9/10
United States: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% here - CommoditySub-score:2/10
Primary commodity: Other
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 9% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
President, CEO and Director of Surge Battery Metals Inc. since Apr 2021. Former Executive VP Transmission and Distribution at BC Hydro (managed $5.5B annual revenue); former BC Deputy Minister of Energy and Mines.
Chairman and Director of Surge Battery Metals Inc. since Jun 2023. Founder and Chair of Millennial Lithium Corp. (acquired for $490M); $400M+ capital raised across ventures exceeding $1B combined market cap.
Director of Surge Battery Metals Inc. since Apr 2023. Founder of IMEX Consultants; 30+ years at Rio Tinto as Commercial Director and VP of Exploration; guided three major lithium projects in Argentina from discovery through acquisition.
Director of Surge Battery Metals Inc. since Jul 2023. Lithium-extraction specialist, PhD in flotation technology; holds 12 U.S. patents; 50 years' industry experience in battery-grade lithium processing.
Director of Surge Battery Metals Inc. since Mar 2026. Led Berkshire Hathaway Energy subsidiaries (2014-2022) through significant growth; CA, CPA, CFA; evaluated lithium-extraction opportunities.
Director of Surge Battery Metals Inc. since Apr 2025. Retired Senior Partner at PwC Canada, National Leader for Government and Public Sector practice; founder of Parker Strategies Ltd.
CFO of Surge Battery Metals Inc. Designated CPA with nearly 20 years' senior financial leadership; previously VP Finance at Surge and Nevada North.
VP Commercial Development of Surge Battery Metals Inc. Former senior roles at Nissan and Ford; Geology degree, Colorado School of Mines; battery raw-material sourcing expertise.
VP Project Development of Surge Battery Metals Inc. Certified Professional Geologist leading the Nevada North Lithium Project; MS Geochemistry, University of Nevada, Reno; founder of Apex Consultants LLC.
VP Corporate Development of Surge Battery Metals Inc. Background in construction-focused financial services; specializes in project finance and joint-venture structuring.
Geological Advisor to Surge Battery Metals Inc. Certified Professional Geologist, 37+ years in minerals; owner of Ruby Mountain GIS; Nevada lithium-deposit specialist.
A Director of Dinero Ventures Ltd. (TSX-V: DNO); Chief Financial Officer & Director of Americore Resources Corp. (TSXV: AMCO); a Director of Decade Resources Ltd. (TSXV: DEC); and Corporate Secretary of Surge Battery Metals Inc. (TSXV: NILI). Received a Bachelor of Commerce degree from the University of Northern British Columbia in 2004 and completed the Canadian Securities Course in 2006. Worked at Computershare Investor Services from 2005 to 2008 and has been a self-employed consultant in public company administration since 2008, serving in various roles with publicly traded issuers.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
No smart-money tracking (institutional/large-investor activity) for this miner yet — this is a planned feature, not live data.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Surge Battery Metals manages and holds 67.5% of Nevada North Lithium LLC, owner of the Nevada North lithium project, a lithium-bearing claystone deposit southeast of Jackpot in Elko County, Nevada; Evolution Mining holds the other 32.5% after completing its staged funding. The resource effective 1 May 2026 has measured and indicated resources of 10,510,000 t of lithium carbonate equivalent (3,530,000 t measured and 6,980,000 t indicated) in 657.4 Mt at 3,007 ppm lithium, plus 3,110,000 t inferred, on a 100% basis, which the company describes as among the largest and highest-grade lithium clay deposits identified in the United States. A pre-feasibility study is scheduled for delivery in the fourth quarter of 2026, with engineering, metallurgical and infrastructure work under way.