Surge Battery Metals: JV with Evolution Mining & PFS Update | Graham Harris
Author: rockstockchannel
September 30, 2025
Duration: 22:29
In this episode, we (Howard & Rodney) sit down again with Graham Harris, Chairman of Surge Battery Metals (TSXV: NILI | OTC: NILIF), for a focused update on the Nevada North Lithium Project (NNLP) and recent corporate developments relevant to retail investors.
We cover:
- Project Update & PEA Context: A brief recap of the June PEA and how the current workstream is geared toward the upcoming Pre-Feasibility Study (PFS).- Exploration & By-Products: Why the team is now assaying for rubidium and cesium, how those tests fit into the 9-hole fall drill program, and what would be required for any by-product economics to matter.- Drill Program & Timeline: The fall infill program (targeting high-grade zones, ~600 ft depths) aimed at upgrading resources for the PFS, with drilling expected to wrap late Oct/early Nov (weather permitting).- Land & Water Access: New LOI/MOU elements around private land access and water rights with Salmon River, plus ongoing collaboration to balance hydrology, grazing, and project needs.- Consolidation of Ground: Closing the remaining Texas Spring claims to improve siting options for future infrastructure.- Evolution Mining LOI: A non-binding JV framework to consolidate mineral interests and fund PFS activities, subject to final structure/tax work and definitive agreements.- Balance Sheet & Funding: A C$5M financing (closing Oct 5, no JV close condition), ~C$7M cash balance, and expectations that PFS costs are funded by the prospective JV partner.- Sector Backdrop: Market reaction to recent Lithium Americas headlines and broader U.S. policy signals around domestic critical minerals—and what that could mean for Nevada sedimentary lithium projects.
Why watch: If you follow early-stage lithium developers, this conversation provides clear milestones to track—assay scope expansion, infill drilling results, permitting/de-risking steps, JV finalization, and the path to PFS.
Tickers Mentioned:Surge Battery Metals — TSXV: NILI | OTC: NILIFLithium Americas — NYSE/TSX: LAC (context)
Key Topics for Search & Discovery:lithium stocks, Nevada lithium, clay-hosted lithium, Surge Battery Metals NILI NILIF, Evolution Mining JV, lithium PEA vs PFS, rubidium cesium by-products, mining water rights Nevada, retail investor lithium, critical minerals policy USA
Chapters: See timestamps in the video for: company update, by-product assays, drill program, land & water agreements, Evolution LOI, financing, and sector context.
Learn more about Surge Battery Metals (NILI):- Website: https://surgebatterymetals.com/- X (Twitter): https://x.com/SurgeBattery- LinkedIn: https://www.linkedin.com/company/surge-battery-metals-inc/
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📖 Chapters(00:00) Introduction(03:07) Rubidium and Cesium Results(04:16) Byproduct Potential(04:54) Texas Spring Claims Acquisition(05:56) Land and Water Agreements(08:55) Drill Program & PFS Timeline(10:44) Evolution JV Terms(13:15) Evolution Partnership Benefits(15:20) Capital Raise & Funding Status(17:09) U.S. Critical Minerals Support(20:40) Surge's Positioning & PFS Goals
🌍 Links
- Read Matt’s research blog: https://blog.rkequity.com/- Sign up for the Lithium-Ion Bull newsletter: https://rkequity.com/- Learn more about USCF: https://www.uscfinvestments.com/- Learn more about Lithium Royalty Corp: https://www.lithiumroyaltycorp.com/
Patreon: https://www.patreon.com/rockstockchannelPodcast: Apple Podcast: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172 Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINqX (Twitter): Howard: https://x.com/LithiumIonBull Rodney: https://x.com/RodneyHooper13 Matt: https://x.com/matt_fernley
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DISCLAIMER
NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH
Rodney and Howard are not financial advisors nor broker-dealers, this video is for information purposes only and should not b