Surge Announces Closing of Financing and Strategic Investor
Surge Battery Metals (OTCQX: NILIF) closed a non-brokered private placement on October 15, 2025, issuing 1,851,852 Units at $0.27 per Unit for gross proceeds of $500,000. Each Unit includes one common share and one warrant exercisable at $0.37 until October 15, 2028. All securities are subject to a four-month-and-a-day hold expiring February 16, 2026. Proceeds will be used for general working capital. The sole investor was The Quaternary Group Ltd., which now holds approximately 11.3% diluted and 5.7% undiluted of outstanding shares, described as a strategic stake that the company says supports its Nevada North Lithium Project and growth strategy.
Surge Battery Metals (OTCQX: NILIF) ha chiuso un collocamento privato non brokered il 15 ottobre 2025, emettendo 1.851.852 Unit al prezzo di 0,27$ per Unit per proventi lordi di 500.000$. Ogni Unit include una azione ordinaria e una warrant exercisable a 0,37$ fino al 15 ottobre 2028. Tutti i titoli sono soggetti a una clausola di lock-up di quattro mesi e un giorno che scade il 16 febbraio 2026. I proventi saranno utilizzati per il capitale circolante generale. L'unico investitore è stato The Quaternary Group Ltd., che detiene ora circa 11,3% diluito e 5,7% non diluito delle azioni in circolazione, descritta come una partecipazione strategica che l'azienda afferma supportare il Nevada North Lithium Project e la strategia di crescita.
Surge Battery Metals (OTCQX: NILIF) cerró una colocación privada no brokering el 15 de octubre de 2025, emitiendo 1.851.852 Unidades a 0,27$ por Unidad para ingresos brutos de 500.000$. Cada Unidad incluye una acción común y una warrant ejercitable a 0,37$ hasta el 15 de octubre de 2028. Todos los valores están sujetos a una retención de cuatro meses y un día que expira el 16 de febrero de 2026. Los fondos se utilizarán para capital de trabajo general. El único inversionista fue The Quaternary Group Ltd., que ahora posee aproximadamente 11,3% diluido y 5,7% no diluido de las acciones en circulación, descrito como una participación estratégica que la empresa dice que respalda su Nevada North Lithium Project y su estrategia de crecimiento.
Surge Battery Metals (OTCQX: NILIF)가 2025년 10월 15일 비브로커 비공개 배정을 마감했고, 1,851,852 Units를 단위당 0.27달러에 발행하여 총 50만 달러의 총수익을 얻었습니다. 각 Unit에는 보통주 1주와 행사 가능 워런트 1개가 포함되며 행사 만료일은 2028년 10월 15일까지 0.37달러에 exercisable입니다. 모든 증권은 2026년 2월 16일에 만료되는 4개월 1일의 금지 장치 하에 있으며, 수익은 일반 운전자 자본으로 사용될 예정입니다. 유일한 투자자는 The Quaternary Group Ltd.로, 현재 희석 후 약 11.3%, 비희석으로는 5.7%의 발행주식을 보유하고 있으며, 회사가 네바다 North 리튬 프로젝트와 성장 전략을 지원한다고 설명하는 전략적 지분으로 간주됩니다.
Surge Battery Metals (OTCQX : NILIF) a clôturé un placement privé non intermédié le 15 octobre 2025, émettant 1 851 852 unités au prix de 0,27 $ par unité pour un produit brut de 500 000 $. Chaque unité comprend une action ordinaire et un warrant exerçable à 0,37 $ jusqu’au 15 octobre 2028. Tous les titres sont soumis à une période de blocage de quatre mois et un jour se terminant le 16 février 2026. Les fonds seront utilisés pour le fonds de roulement général. Le seul investisseur était The Quaternary Group Ltd., qui détient désormais environ 11,3 % dilué et 5,7 % non dilué des actions en circulation, décrit comme une participation stratégique que l’entreprise dit soutenir son Nevada North Lithium Project et sa stratégie de croissance.
Surge Battery Metals (OTCQX: NILIF) hat am 15. Oktober 2025 eine nicht-brokered private placement abgeschlossen und 1.851.852 Units zu je 0,27 $ pro Unit für Bruttoerlöse von 500.000 $ ausgegeben. Jede Unit enthält eine Stammaktie und ein warrant, das zu 0,37 $ bis zum 15. Oktober 2028 exercisable ist. Alle Wertpapiere unterliegen einer Vier-Monats-und-einem-Tag-Haltefrist, die am 16. Februar 2026 endet. Die Erlöse werden für allgemeines Working Capital verwendet. Der alleinige Investor war The Quaternary Group Ltd., die nun ca. 11,3% verwässert und 5,7% unverwässert der ausstehenden Aktien hält, beschrieben als eine strategische Beteiligung, von der das Unternehmen sagt, dass sie das Nevada North Lithium Project und seine Wachstumsstrategie unterstützt.
Surge Battery Metals (OTCQX: NILIF) أغلقت طرحاً خاصاً غير مقيد بالوسطاء في 15 أكتوبر 2025، وأصدرت 1,851,852 وحدة بسعر 0,27 دولار للوحدة لجمع عوائد إجمالية قدرها 500,000 دولار. كل وحدة تتضمن سهماً عادياً ووارنت قابلة للتسييل عند 0,37 دولار حتى 15 أكتوبر 2028. جميع الأوراق المالية تخضع لقيد احتجاز مدته أربعة أشهر ويوم واحد وتنتهي في 16 فبراير 2026. وستستخدم العائدات في رأس مال تشغيلي عام. كان المستثمر الوحيد The Quaternary Group Ltd.، التي تملك الآن نحو 11.3% مخفَّضاً و 5.7% غير مخفَّض من الأسهم القائمة، وتوصف بأنها حصة استراتيجية تدعي الشركة أنها تدعم بها مشروع Nevada North Lithium وخطة النمو لديها.
Surge Battery Metals (OTCQX: NILIF) 于 2025 年 10 月 15 日 完成非经纪私募发行，发行 1,851,852 股单位，每单位 0.27 美元，募集总额 50 万美元。每单位包含 1 股普通股和 1 份可在 2028 年 10 月 15 日 前以 0.37 美元 行使的认股权证。所有证券均受 4 个月零 1 天的禁售期约束，至 2026 年 2 月 16 日 到期。募集资金将用于一般运营资金。唯一投资方为 The Quaternary Group Ltd.，现持有约 11.3% 摊薄后和 5.7% 摊薄前的在外流通股，被描述为一项战略性持股，公司表示该持股支持其 Nevada North 锂项目及其增长战略。
- Financing of $500,000 closed on October 15, 2025
- Issued 1,851,852 Units at $0.27 per Unit
- Warrants exercisable at $0.37 until October 15, 2028
- The Quaternary Group holds ~11.3% on a diluted basis
- Potential shareholder dilution from warrants exercisable through 2028
- Issued securities subject to hold until February 16, 2026, limiting immediate liquidity
West Vancouver, British Columbia--(Newsfile Corp. - October 15, 2025) - Surge Battery Metals Inc. (TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5) (the "Company" or "Surge") announces that it has closed a non-brokered private placement financing offering of 1,851,852 units ("Units") at a price of
Each Unit is comprised of one common share and one share purchase warrant ("Warrant"). Each Warrant will entitle the holder thereof to purchase one additional common share of the Company at an exercise price of
All securities issued in connection with the private placement will be subject to a four‐month and a day hold period expiring on February 16, 2026, in accordance with applicable Canadian securities laws.
Proceeds of the private placement will be used for general working capital.
The sole investor under the private placement was The Quaternary Group Ltd. The Company is pleased to welcome The Quaternary Group Ltd. as a new strategic investor. The Quaternary Group Ltd. now holds approximately
Graham Harris, Chairman, comments "We are very pleased to welcome the continued investment from The Quaternary Group, long-standing supporters of Surge Battery Metals. Their ongoing confidence underscores the strength of our strategy, and we look forward to building on this relationship as we advance the Nevada North Lithium Project."
Ross Jennings of The Quaternary Group Limited comments "We are pleased to become a long-term strategic investor in the Company. With the highest-grade lithium clay deposit resource in America, located in mining friendly Nevada and recent alignment agreements with its key partners, Surge Battery Metals is now ideally positioned to prosper in the coming years. The US government, and the stock market, will come to realize the critical role lithium must play in the transformation of our increasingly energy intensive AI-economy and how Surge Battery Metals is central to that realization given its best-in-class resource."
About Surge Battery Metals Inc.
Surge Battery Metals, a Canadian-based mineral exploration company, is at the forefront of securing the supply of domestic lithium through its active engagement in the Nevada North Lithium Project. The project focuses on exploring clean, high-grade lithium energy metals in Nevada, USA, a crucial element for powering electric vehicles. With a primary listing on the TSX Venture Exchange in Canada and the OTCQX Market in the US, Surge Battery Metals Inc. is strategically positioned as a key player in advancing lithium exploration.
About the Nevada North Lithium Project
The Company owns the Nevada North Lithium Project located in the Granite Range southeast of Jackpot, Nevada about 73 km north-northeast of Wells, Elko County, Nevada. The first three rounds of drilling, completed in 2022, 2023, and 2024, identified a strongly mineralized zone of lithium bearing clays occupying a strike length of more than 4,300 meters and a known width of greater than 1500 meters. Highly anomalous soil values and geophysical surveys suggest there is potential for the clay horizons to be much greater in extent, while wide drill spacing allows for significant upside to occur during infill drilling. The Nevada North Lithium Project has a pit-constrained Inferred Resource containing an estimated 8.65 Mt of Lithium Carbonate Equivalent (LCE) grading 2,955 ppm Li at a 1,250 ppm cutoff. The recently completed PEA reported an after-tax NPV
On behalf of the Board of Directors
"Graham Harris"
Graham Harris,
Chairman
Contact Information
Email : info@surgebatterymetals.com
Phone : 604-662-8184
Website: surgebatterymetals.com
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This document may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan" or "planned", "possible", "potential", "forecast", "intend", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities including lithium and nickel, the accuracy of mineral or resource exploration activity, reserves or resources, the accuracy of cash flow forecasts, projected capital and operating costs, metal processing recoveries, mine life, production rates, regulatory or government requirements or approvals including approvals of title and mining rights or licenses and environmental, local community or indigenous community approvals, the reliability of third party information, continued access to mineral properties or infrastructure or water, changes in laws, rules and regulations including in the United States, Nevada or California or any other jurisdiction which may impact upon the Company or its properties or the commercial exploitation of those properties, currency risks including the exchange rate of USD$ for Cdn$ or other currencies, fluctuations in the market for lithium related products, changes in exploration costs and government royalties, export policies or taxes in the United States or any other jurisdiction and other factors or information. The Company's current plans, expectations, and intentions with respect to development of its business and of its Nevada properties may be impacted by economic uncertainties arising out of any pandemic or by the impact of current financial and other market conditions (including US government subsidies or incentives) on its ability to secure further financing or funding of its Nevada properties. Such statements represent the Company's current views with respect to future events and are necessarily based upon several assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political, environmental (including endangered species, habitat preservation and water-related risks) and social risks, contingencies, and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules, and regulations.
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FAQ
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