Surge Battery Metals Targets 86,000 t/yr LCE from Nevada Lithium Project

Surge Battery Metals

Nevada North Lithium Project’s Scale and Cost Outlook

Surge Battery Metals announced that its planned Nevada North Lithium Project (NNLP) could produce 86,000 tonnes per year of lithium carbonate equivalent (LCE). The integrated operation will combine mining and processing at a site northeast of Wells, Nevada. The study, released on 9 June, projects a 42-year mine life and an operating cost of $5,097 per tonne, placing it among the relatively low-cost lithium projects.

The company intends to establish an on-site processing facility that will use sulfuric acid leaching to produce high-purity lithium carbonate. This output will be further refined into battery-grade LCE, enhancing its appeal for electric vehicle and energy storage applications.

Market Assumptions and Development Timeline

Surge’s project economics are based on an assumed LCE selling price of $24,000 per tonne. The study outlines a 6.5-year development period from early works to full commissioning, structured into two phases. While the company has not disclosed a firm start date for operations, the long mine life and integrated design highlight its potential role in the U.S. lithium supply chain.

The Nevada project comes at a time when North America is prioritizing domestic lithium production to reduce reliance on imports and support clean energy policies. With its projected scale, NNLP could contribute significantly to meeting future EV battery demand.

The Metalnomist Commentary

Surge Battery Metals’ Nevada project underscores the growing race to secure low-cost lithium production in North America. While timelines remain uncertain, the projected scale and economics suggest strong potential. Success will depend on financing, permitting, and the stability of long-term lithium pricing.