Surge Battery's JV Nevada North Lithium Enters Long-Term Land Access Agreement With SRCA

11:45 AM EDT, 09/09/2026 (MT Newswires) -- Surge Battery Metals' (NILI.V) joint venture with Evolution Mining, Nevada North Lithium (NNL), executed a definitive Access and Mitigation Agreement with the Salmon River Cattlemens Association (SRCA), securing surface and water access for the Nevada North Lithium Project, it said in a statement on Wednesday. SRCA granted NNL a non-exclusive right of access to its 880 acres of lands within NNL's mining claims to explore, develop, mine, process, and to construct 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, it said. SRCA agreed to withdraw the protests it filed against NNL's applications to appropriate water in support of the project. NNL has committed to a monitoring, mitigation and management framework designed to protect SRCA's existing water rights and maintain stockwater availability for its cattle operations. Shares of Surge were last seen up CA$0.06, or 5.9% to CA$1.07 on the TSX Venture Exchange. Price: 1.08, Change: +0.07, Percent Change: +6.44