Surge Announces Update on Proposed Joint Venture with Evolution Mining Limited
Surge Battery Metals (OTCQX: NILIF, TSXV: NILI) provided an update on its proposed joint venture with Evolution Mining dated November 21, 2025. The companies are finalizing documents and coordinating with third parties with the intention to form the joint venture forthwith. The joint venture has received conditional approval from the TSX Venture Exchange, with that approval stated to be subject only to customary closing conditions.
Surge Battery Metals (OTCQX: NILIF, TSXV: NILI) ha fornito un aggiornamento sul previsto joint venture con Evolution Mining, datato 21 novembre 2025. Le aziende stanno finalizzando i documenti e coordinandosi con terze parti con l'intento di costituire il joint venture quanto prima. La joint venture ha ricevuto l'approvazione condizionale dalla TSX Venture Exchange, tale approvazione è soggetta solamente alle consuete condizioni di chiusura.
Surge Battery Metals (OTCQX: NILIF, TSXV: NILI) proporcionó una actualización sobre su posible empresa conjunta (joint venture) con Evolution Mining, con fecha 21 de noviembre de 2025. Las empresas están finalizando los documentos y coordinándose con terceros con la intención de formar la empresa conjunta lo antes posible. La empresa conjunta ha recibido aprobación condicional de la TSX Venture Exchange, dicha aprobación se indica que está sujeta únicamente a las condiciones de cierre habituales.
Surge Battery Metals (OTCQX: NILIF, TSXV: NILI)는 Evolution Mining와의 제휴(JV)에 대해 2025년 11월 21일자로 업데이트를 제공했습니다. 양사는 문서를 최종 확정하고 제3자와의 조정을 진행 중이며 즉시 합작법인을 설립하기 위해 협력하고 있습니다. 합작법인은 TSX Venture Exchange로부터 조건부 승인을 받았으며, 해당 승인은 일반적 마감 조건에만 해당한다고 명시되어 있습니다.
Surge Battery Metals (OTCQX: NILIF, TSXV: NILI) a fourni une mise à jour sur sa éventuelle coentreprise avec Evolution Mining datée du 21 novembre 2025. Les entreprises finalisent les documents et coordonnent avec des tiers dans l'intention de former la coentreprise dans les meilleurs délais. La coentreprise a reçu une approbation conditionnelle de la TSX Venture Exchange, cette approbation étant indiquée comme soumise uniquement à des conditions de clôture habituelles.
Surge Battery Metals (OTCQX: NILIF, TSXV: NILI) hat ein Update zu seinem geplanten Joint Venture mit Evolution Mining vom 21. November 2025 vorgelegt. Die Unternehmen arbeiten an der Finalisierung der Unterlagen und der Abstimmung mit Dritten, um das Joint Venture zeitnah zu gründen. Das Joint Venture hat von der TSX Venture Exchange eine bedingte Genehmigung erhalten, wobei diese Genehmigung lediglich den üblichen Abschlussbedingungen unterliegt.
Surge Battery Metals (OTCQX: NILIF, TSXV: NILI) قدمت تحديثاً عن مشروعها المشترك المقترح مع Evolution Mining بتاريخ 21 نوفمبر 2025. تقوم الشركتان بإتمام المستندات والتنسيق مع أطراف ثالثة بهدف تشكيل المشروع المشترك في أقرب وقت ممكن. لقد حصل المشروع المشترك على موافقة مشروطة من بورصة TSX Venture، مع الإشارة إلى أن تلك الموافقة تخضع فقط لشروط الإغلاق المعتادة.
- TSXV conditional approval received for the proposed joint venture
- Parties finalizing documents and liaising with requisite third parties
- Intention to form JV forthwith indicates near-term transaction progress
- Approval is conditional and subject to customary closing conditions
West Vancouver, British Columbia--(Newsfile Corp. - November 21, 2025) - Surge Battery Metals Inc. (TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5C) (the "Company" or "Surge") announces an update on the previously announced proposed jointed venture with Evolution Mining Limited ("Evolution"). Surge and Evolution continue to work collaboratively to finalize all documents and liaise with requisite third parties with the intention to form the joint venture forthwith.
The Company is also very pleased to announce that the joint venture has been conditionally approved by the TSX Venture Exchange, such approval subject only to customary closing conditions.
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 for 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 Evolution Mining Limited
Evolution is a leading, globally relevant gold miner. Evolution operates six mines, comprising five wholly-owned mines - Cowal in New South Wales, Ernest Henry and Mt Rawdon in Queensland, Mungari in Western Australia, and Red Lake in Ontario, Canada, and an
About the Nevada North Lithium Project
The NNLP is 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 North Nevada 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 NPV8% US
On behalf of the Board of Directors
"Greg Reimer"
Greg Reimer,
Director, President & CEO
Contact Information
Email: info@surgebatterymetals.com
Phone: 604-662-8184
Website: surgebatterymetals.com
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275436
FAQ
What did Surge (NILIF) announce about the joint venture with Evolution on November 21, 2025?
Is the Surge and Evolution joint venture with symbol NILIF fully approved by regulators?
What are the next steps for Surge (NILIF) after the November 21, 2025 update?
Does the November 21, 2025 update for NILIF provide a closing date for the joint venture?
What does 'conditional approval' from the TSX Venture Exchange mean for NILIF shareholders?
