Episode Details

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: NILIF
Lithium 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/

If you found this content valuable, don't forget to like, subscribe and comment!

📖 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/rockstockchannel
Podcast:
  Apple Podcast: