In June, 2025, Surge Battery Metals (Surge) released a Preliminary Economic Assessment (PEA) on their Nevada North Lithium Project (NNLP), which is located immediately beside Peloton’s North Elko Lithium Project in north-eastern Nevada. The link is to a Surge webinar presentation of the PEA with highlights below.
Surge Battery Metals Presents Their PEA on the Nevada North Lithium Project Adjacent to Peloton
Key highlights from the Surge PEA include:
- After-tax NPV8%: US$9.21 Billion
- After-tax IRR: 22.8% at US$24,000/t Lithium Carbonate Equivalent (LCE)
- Operating Cost (OPEX): US$5,097 per tonne LCE
- High-grade lithium mineralization that starts at surface
Hosted by Greg Reimer (Surge President & CEO), Graham Harris (Surge Chairman), and Graham Ballachey (VP Engineering), this in-depth session explores the robust economics, scalability, and long-term strategic value of the NNLP. The discussion was moderated by Howard Klein and Rodney Hooper of RK Equity, respected voices in the global battery metals space.
