# Surge releases pre-feasibility study for Nevada North lithium project

> The study estimates US$9.81 billion in after-tax net present value; this is a modeled project case, not an operating result.

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- Section: Business
- Country: United States
- Published: 2026-10-07T12:59:36+00:00
- Updated: 2026-10-07T12:59:36+00:00
- Event / data period: 2026-10-02
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Surge Battery Metals announced results on October 2 from a pre-feasibility study for the Nevada North lithium project in Elko County, Nevada. The joint venture is owned 67.5% by Surge and 32.5% by Evolution Mining; the study assumes an open-pit mine and on-site lithium carbonate processing.

The study estimates after-tax net present value of US$9.81 billion at an 8% discount rate and average output of about 92,250 tonnes per year over a 42-year mine life. These are project estimates based on study assumptions; the company has not announced a final investment or construction decision.

## Data

### After-tax net present value in Nevada North study case

Project estimate in the company’s pre-feasibility study using an 8% discount rate.

Methodology: This study output is not realized revenue. The model depends on economic assumptions and still requires investment and construction decisions.

| label | value | unit | period | basis |
|---|---|---|---|---|
| Nevada North study-case net present value | 9.81 | billion US dollars | 2026-10-02 | estimate |

Sources: <https://surgebatterymetals.com/news/surge-announces-positive-pre-feasibility-study-at-nevada-north-after-tax-npv8-of-us-9.81-billion-after-tax-irr-of-23.6-and-operating-cost-of-us-4-719-tonne-lithium-carbonate> · Download data: [JSON](https://newsverum.com/api/v1/articles/surge-releases-nevada-north-lithium-prefeasibility-study/data/release-figures?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/surge-releases-nevada-north-lithium-prefeasibility-study/data/release-figures?lang=en&format=csv)

## Sources

- [Surge Battery Metals Inc.](<https://surgebatterymetals.com/news/surge-announces-positive-pre-feasibility-study-at-nevada-north-after-tax-npv8-of-us-9.81-billion-after-tax-irr-of-23.6-and-operating-cost-of-us-4-719-tonne-lithium-carbonate>) (Source checked: 2026-10-07; Published: 2026-10-02)

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