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Surge Battery Metals Inc. (TSXV: NILI,OTC:NILIF) (OTCQX: NILIF) (FSE: DJ5) (“Surge” or the “Firm”) declares that it is going to be conducting a non-brokered non-public placement of 1,851,852 items (the “Items”) at a value of $0.27 per unit, for gross proceeds of $500,000 (the “Personal Placement”). Every Unit will consist of 1 frequent share and one share buy warrant, with every warrant being exercisable for a interval of three years at a value of $0.37 per share.
Proceeds of the Personal Placement can be used for basic working capital. The closing of the Personal Placement is topic to receipt of the approval of the TSX Enterprise Change.
The securities issued pursuant to the Personal Placement haven’t been, nor will they be, registered underneath the USA Securities Act of 1933, as amended, and is probably not supplied or offered inside the USA or to, or for the account or advantage of, U.S. individuals within the absence of U.S. registration or an relevant exemption from the U.S. registration necessities. This information launch shall not represent a suggestion to promote or the solicitation of a suggestion to purchase nor shall there be any sale of the securities in the USA or in some other jurisdiction by which such supply, solicitation or sale could be illegal.
About Surge Battery Metals Inc.
Surge Battery Metals, a Canadian-based mineral exploration firm, is on the forefront of securing the provision of home lithium via its energetic engagement within the Nevada North Lithium Undertaking. The Undertaking focuses on exploring clear, high-grade lithium power metals in Nevada, USA, a vital ingredient for powering the electrical automobiles of tomorrow. With a major itemizing on the TSX Enterprise Change in Canada and the OTCQX Market within the US, Surge Battery Metals Inc. is strategically positioned as a key participant in advancing lithium exploration, contributing considerably to the sustainable way forward for the electrical automobile business. At Surge Battery Metals, we aren’t simply exploring minerals; we’re pioneering the trail to a cleaner and extra sustainable future, driving innovation within the lithium sector, and contributing to the evolution of the electrical automobile business.
Concerning the Nevada North Lithium Undertaking
The Firm owns the Nevada North Lithium Undertaking positioned within the Granite Vary southeast of Jackpot, Nevada about 73 km north-northeast of Wells, Elko County, Nevada. The primary three rounds of drilling on the Undertaking, accomplished in 2022, 2023, and 2024, recognized a strongly mineralized zone of lithium bearing clays occupying a strike size of greater than 4,300 meters and a recognized width of larger than 1500 meters. Extremely anomalous soil values and geophysical surveys counsel there’s potential for the clay horizons to be a lot larger in extent, whereas large drill spacing permits for vital upside to happen throughout infill drilling. The Nevada North Lithium Undertaking has a pit-constrained Inferred Useful resource containing an estimated 8.65 Mt of Lithium Carbonate Equal (LCE) grading 2,951 ppm Li at a 1,250 ppm cutoff.
On behalf of the Board of Administrators
“Greg Reimer”
Greg Reimer,
Director, President & CEO
Sustain-to-date with Surge Battery Metals: Twitter, Fb, LinkedIn, Instagram and YouTube.
Neither the TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this launch.
This doc could include sure “Ahead-Trying Statements” throughout the which means of the USA Personal Securities Litigation Reform Act of 1995 and relevant Canadian securities legal guidelines. When used on this information launch, the phrases “anticipate”, “consider”, “estimate”, “anticipate”, “goal, “plan” or “deliberate”, “potential”, “potential”, “forecast”, “intend”, “could”, “schedule” and comparable phrases or expressions determine forward-looking statements or data. These forward-looking statements or data could relate to future costs of commodities together with lithium and nickel, the accuracy of mineral or useful resource exploration exercise, reserves or assets, regulatory or authorities necessities or approvals together with approvals of title and mining rights or licenses and environmental, local people or indigenous neighborhood approvals, the reliability of third get together data, continued entry to mineral properties or infrastructure or water, modifications in legal guidelines, guidelines and laws together with in the USA, Nevada or California or some other jurisdiction which can impression upon the Firm or its properties or the industrial exploitation of these properties, foreign money dangers together with the alternate fee of USD$ for Cdn$ or different currencies, fluctuations available in the market for lithium associated merchandise, modifications in exploration prices and authorities royalties, export insurance policies or taxes in the USA or some other jurisdiction and different elements or data. The Firm’s present plans, expectations, and intentions with respect to growth of its enterprise and of its Nevada properties could also be impacted by financial uncertainties arising out of any pandemic or by the impression of present monetary and different market circumstances (together with US authorities subsidies or incentives) on its means to safe additional financing or funding of its Nevada properties. Such statements symbolize the Firm’s present views with respect to future occasions and are essentially primarily based upon a number of assumptions and estimates that, whereas thought of cheap by the Firm, are inherently topic to vital enterprise, financial, aggressive, political, environmental (together with endangered species, habitat preservation and water associated dangers) and social dangers, contingencies, and uncertainties. Many elements, each recognized and unknown, might trigger outcomes, efficiency, or achievements to be materially totally different from the outcomes, efficiency or achievements which can be or could also be expressed or implied by such forward-looking statements. The Firm doesn’t intend, and doesn’t assume any obligation, to replace these forward-looking statements or data to replicate modifications in assumptions or modifications in circumstances or some other occasions affecting such statements and knowledge apart from as required by relevant legal guidelines, guidelines, and laws.
This information launch shouldn’t be for distribution to U.S. newswire providers for dissemination
in the USA
To view the supply model of this press launch, please go to https://www.newsfilecorp.com/launch/270033
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