Surge Battery Metals' Nevada North study shows US$9.81 billion after-tax NPV

Updated Oct 5, 2026 4:31pm ET

Markets

The S&P/TSX Composite closed at 35,518.55, up 15.90 points, with technology stocks helping lift the index. Energy dealmaking dominated the news: Cenovus agreed to buy Athabasca Oil in a $5.7 billion cash-and-stock deal, and Suncor agreed to sell its East Coast offshore stakes to Ithaca Energy. Oil was at US$89.38 in late-afternoon trading, down 1.90%. Separately, seven major producers agreed to keep November production steady. The Canadian dollar traded at US$0.70113, down 0.09%. On Wall Street, the Nasdaq Composite closed up 1.02% and the S&P 500 gained 0.66%.

Venture & CSE

The S&P/TSX Venture Composite closed at 878.58, down 1.99 points, and the CSE Composite fell 2.11 points to 155.11. Surge Battery Metals (TSXV) was among the most active issues, unchanged at 0.73, after a newly released prefeasibility study on its Nevada North lithium asset put after-tax NPV at US$9.81 billion, with an IRR of 23.6% at an 8% discount rate. Power Metallic started a preliminary economic assessment covering two deposits, Lion and Nisk Main, on its Nisk project in Québec, with BBA leading the engineering and completion targeted for the first half of 2027. Cambria Gold Mines issued a construction and development update on its Premier and Red Mountain projects. On the CSE, LaFleur Minerals reported more Swanson drill results, including a 6.05 g/t gold highlight, and the stock fell. PesoRama announced a C$25 million bought deal public offering. Silver was at US$61.350, up 1.55%, and gold at US$4,166.2 in late-afternoon trading.

Market data

Closing index levels; commodities and currencies are late-afternoon trading, not settlements.

Oct 5, 2026 4:30pm ET

TSX Venture most active

Oct 5, 2026 4:26pm ET

TSX Venture gainers

Oct 5, 2026 4:26pm ET

CSE most active

Oct 5, 2026 4:24pm ET

CSE gainers

Oct 5, 2026 4:24pm ET

Written by AI based upon public market data and company news releases, and checked automatically before publishing. Company statements are reported as the companies made them. Not investment advice.