West Vancouver, British Columbia — January 14, 2026 — Leads & Copy — Surge Battery Metals Inc. (TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5) is set to launch a non-brokered private placement (the “LIFE Offering”) to raise $15,000,030 through the sale of units at $0.90 each. The offering is expected to close around February 3, 2026.
Each unit includes one common share of the Company and one-half of a common share purchase warrant. A full warrant allows the holder to buy one common share at $1.35, starting 60 days after issuance and up to three years from the issuance date.
The company plans to use the funds for its Nevada North Lithium Project, covering preliminary and definitive feasibility studies, along with general working capital. 3L Capital Inc. is advising on the transaction.
The LIFE Offering is available to purchasers in Canadian provinces, excluding Quebec, following regulatory requirements and National Instrument 45-106. Securities issued won’t have a statutory hold period, as per the listed issuer financing exemption.
An offering document is available on www.sedarplus.ca and the company’s website, urging prospective investors to review it before investing.
Surge Battery Metals may pay finders’ fees, consisting of cash commissions up to 6% and finder warrants up to 6% of the units sold through eligible finders. Each warrant allows the purchase of one common share at $1.35 for 36 months after issuance.
The offering is subject to TSX Venture Exchange approval.
According to Mr. Graham Harris, Chairman of Surge Battery Metals, the financing shows confidence in Surge’s strategy and the Nevada North Lithium Project, and will allow the company to broaden investor participation and strengthen its balance sheet.
Surge Battery Metals Inc. is focused on securing domestic lithium supplies in Nevada through exploration of clean, high-grade lithium energy metals for electric vehicles. The company is listed on the TSX Venture Exchange in Canada and the OTCQX Market in the U.S.
Greg Reimer, President & CEO
Contact Information
Email: info@surgebatterymetals.com
Phone: 604-662-8184
Source: Surge Battery Metals Inc.
