In short: Third pro pick, most speculative. A "Brian special" — same Paes-Braga + Michael Hess group just put in $35–36M, fully funding the high-grade Nevada North US lithium project to a construction decision, with a planned rename to Lithium X2 + NASDAQ uplist. "A textbook halo, scarce, strategic, slow to build."
Surge Battery Metals is developing the Nevada North lithium project — a high-grade, US-based deposit (lithium powers EV and grid batteries). It's the most speculative of his three picks. The bull case is again about the people: the same Brian Paes-Braga / Michael Hess group just put in $35–36M, which fully funds the project to a "construction decision" (the point where you decide to actually build the mine), and the company plans to rename to Lithium X2 and uplist to NASDAQ. Larson calls this kind of deal "a Brian special" and says in a resource market he wants to own them.
He frames it as "a textbook halo" — scarce, strategic, and slow to build, so hard to replace. The validation he points to: major car companies have been taking direct stakes in lithium projects like this. The "large-scale PEA" he mentions is a Preliminary Economic Assessment — an early study estimating whether the deposit can be mined profitably. As with his other speculative names, you own the broad lithium ETF (LIT) as the safe core and treat Surge as the "lottery ticket" on top.
45:26— Okay. The third pick, most speculative of them all. Surge Battery Metals, smallest market cap 185 million in market cap looking for battery metals for the EV space, what is exciting, tell us a little bit — yeah listen, this is the same X2 trade setup. They just announced a strategic financing co-led by Brian Paes-Braga and Michael — so it's another Brian — it's another Brian, it's a Brian special and in a resource market I want to be long of Brian special and listen it's a high-grade domestic US
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