Announcement • 2h

Surge Battery Metals Inc. and Evolution Mining Limited Announce Agreement for Long-Term Land Access and Withdrawal of Water Application Protest At Nevada North

Surge Battery Metals Inc. announced that Nevada North Lithium, LLC, the joint venture formed by Surge Battery Metals Inc. and Evolution Mining Limited has executed an arm's length definitive Access and Mitigation Agreement, dated September 8, 2026, with Salmon River Cattlemens Association, Incorporated securing surface and water access for the Nevada North Lithium Project. Under the Agreement, Salmon River Cattlemens Association, Incorporated grants Nevada North Lithium, LLC a non-exclusive right of access over those lands to explore, develop, mine, process, and to construct and operate roads, utilities, water infrastructure and related facilities. The grant runs for a single continuous term covering exploration and permitting, construction, production, closure and reclamation. The Agreement also resolves the parties' outstanding differences before the Nevada Division of Water Resources. Salmon River Cattlemens Association, Incorporated has agreed to withdraw the protests it filed against Nevada North Lithium, LLC's applications to appropriate water in support of the Project. In exchange, Nevada North Lithium, LLC has committed to a monitoring, mitigation and management framework designed to protect Salmon River Cattlemens Association, Incorporated's existing water rights and maintain stockwater availability for its cattle operations. The framework includes an independent pre-mining baseline study of water quantity and quality, forage condition and grazing capacity; a joint coordination committee with equal representation from each party; a monitoring protocol with defined mitigation triggers; and an obligation on Nevada North Lithium, LLC to replace or restore any water supply that Project activities are determined to have materially impaired, at quantity and quality at least equal to baseline conditions. Nevada North Lithium, LLC will also post a performance bond securing its mitigation and infrastructure obligations, in addition to any bonding required by regulators. A copy of the Agreement will be filed under the Company's profile on Sedar+. The company is also granting a total of 2 million stock options, exercisable for a period of five years, at an exercise price of $1.02 cents a share to certain directors, officers and consultants.

Surge Battery Metals Inc. Stock Price

NILI Share Price Performance

NILI Community Narratives

Trending Discussion

Recently Updated Narratives

Snowflake Analysis

Surge Battery Metals Inc. Key Details

About NILI

Recent NILI News & Updates

Surge Battery Metals Inc. and Evolution Mining Limited Announce Agreement for Long-Term Land Access and Withdrawal of Water Application Protest At Nevada North

Surge Battery Metals Inc. announced that it has received CAD 36 million in funding

New minor risk - Share price stability

Recent updates

Surge Battery Metals Inc. Competitors

Amerigo Resources

Talon Metals

Metalla Royalty & Streaming

Troilus Mining