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Evolution Mining advances CA$2.1M to Surge's Nevada North Lithium JV for ongoing feasibility study.

Company Fundamentals
15 Apr 2026
Newsfile Corp
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Bullish
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Evolution Mining has provided an additional CA$2.1 million advance to Nevada North Lithium LLC, a joint venture with Surge Battery Metals, to fund ongoing activities for the Nevada North Lithium Project in Nevada. This funding supports the 2025 infill drilling, resource estimation, metallurgical testing, and the preliminary feasibility study (PFS), keeping the PFS fully funded and on budget. Surge now holds 70.54% of the JV, with Evolution holding 29.46%, following Evolution's commitment to fund up to CA$10 million for the PFS in exchange for increased ownership. With CA$30 million in its treasury, Surge is well-positioned financially to advance the project, which aims to develop high-grade lithium resources critical for battery and electric vehicle markets.

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