Surge Battery Metals CEO Greg Reimer joined Steve Darling from Proactive to announce the release of the 2025 Preliminary Economic Assessment for the company’s flagship Nevada North Lithium Project —a major milestone that confirms the project's strong economic potential as a scalable, long-life, and low-cost lithium operation. The PEA outlines a compelling development scenario for a conventional open-pit mine paired with dry-stack tailings and on-site sulfuric acid leach processing to produce battery-grade lithium carbonate equivalent. The proposed operation leverages Nevada’s mining-friendly jurisdiction and infrastructure, setting the stage for North American-based supply of critical battery materials. Reimer detailed that the project is structured around a 42-year mine life, with production split into two major phases. In Phase 1, the mine will process 2.58 million tonnes per annum (Mtpa) of ore. Phase 2, which kicks off in Year 4, will double processing throughput to 5.15 Mtpa, supporting significant increases in production volumes. The operational strategy prioritizes the shallowest and highest-grade lithium zones, ensuring early cash flow and optimal economics. As a result, production of battery-grade LCE peaks at 109,100 tonnes in Year 6, with an average of 86,300 tonnes/year over the life of mine. In total, the project is projected to deliver 3.63 million tonnes of LCE at a recovery rate of 82.8%. One of the most notable figures in the report is the net present value (NPV) of the project: US$9.21 billion, based on the latest assay results received in January. The project’s internal rate of return (IRR) and capital efficiency metrics are expected to be detailed in subsequent reports, but the current valuation already positions NNLP among the most promising lithium development assets in North America. Looking ahead, Reimer emphasized that Surge Battery Metals is committed to rapidly advancing and de-risking the NNLP through upcoming Pre-Feasibility and Feasibility studies. The company will focus on refining process efficiencies, optimizing mine design, and engaging with potential strategic partners to support future development and financing. #proactiveinvestors #surgebatterymetals #tsxv #nili #otcqb #otcqx #nilif #Lithium #NevadaNorth #Mining #CriticalMinerals #BatteryMetals #LithiumInvesting #MiningNews #ProactiveInvestors #ResourceEstimates #MiningPEA #GregReimer #EVMetals #CleanEnergy