approval of their Nevada North Exploration Plan of Operations (EPoO) by the Bureau of Land

Management (BLM).

As per the approval, EPoO will now be allowed 250 acres of land for exploration drilling and other

similar activities, compared with the 5 acres from the current authorization. This is said to create

new opportunities for the company as they can inaugurate new construction projects such as cross-

country trails and drill pads.

In 2024, Surge declared an initial resource estimate for NNLP, which then confirmed it as “among

the highest-grade lithium clay deposits worldwide.” The current NNPL resource is based on the three

drilling rounds conducted in 2022, 2023, and 2024, which found a greatly mineralized area of

lithium-consisting clays across a length of over 4,300 meters and a width of 1,500 meters. This will

potentially encourage companies in the battery market to use lithium in their products efficiently

and innovatively and consequently contribute to the global estimated revenue of USD 329.84 billion

by 2030.

Reportedly, Surge has been trying to complete a primary economic assessment for NNLP. To further

support the study, additional drillings are being plotted for the rest of the year, post BLM approval of

the company’s exploration plan.

In a press release, Mr. Greg Reimer, Chief Executive Officer and Director, stated that the company is

very pleased with the approval decision made for the EPoO permit and further extended his

gratitude to BLM. He also confirmed their spring/summer drill plan for 2025 and stated that they are

looking forward to the drilling season.

Surge Battery Metals marked a rise in their share from 11.4% to C$0.39/piece, following the

approval of BLM. This Canada-based exploration company has a market cap of C$63.4 million.