Peloton Minerals Corporation is conducting an airborne magnetic geophysical survey using drone technology at the North Elko Lithium Project in northeastern Nevada.

The survey covers the southern half of the property, spanning approximately 26 square kilometers with a 372-kilometer total flight distance and 200-meter line spacings. Peloton previously surveyed the northern half using airborne magnetics in 2024-25, and the company plans to combine the two datasets to establish a complete magnetic picture of the 53-square-kilometer property.

Axiom Exploration Group Inc. of Saskatoon, Saskatchewan, is providing the drone technology and conducting the geophysical survey. The work acts as a precursor to a drilling program planned for the fall of 2026.

The airborne magnetic work follows a surface transient electromagnetic survey completed earlier this summer and a soil geochemistry survey covering the southern half of the property on a 200-meter grid. These summer programs were designed to map the orientation of lithium and critical minerals-bearing clay layers underlying the property and to help prioritize targets for upcoming drilling.

The exploration programs follow a private placement that closed in July 2026, raising $1,442,249.91 for lithium and critical mineral exploration in northern Nevada and working capital. The North Elko Lithium Project is located immediately adjacent to property owned by Surge Battery Metals Inc., which has established a lithium-in-clay resource.

Read the full announcement: Peloton Conducts Airborne Geophysics Using Drone Technology at the North Elko Lithium Project, Nevada