Announcement
Surge Provides Corporate Update for 2021
Feb 9, 2021
Surge Battery Metals
7 min read
February 9, 2021: Vancouver, BC, Canada; Surge Exploration Inc. (“the Company” or “Surge”) (TSXV: SUR, OTC: SURJF, FRA: DJ5C) would like to provide its shareholders with an update on the Company and its proposed future plans for 2021.
The Company is pleased to report that due to the recently closed $2,400,000 Unit financing, the Company now has approximately $3,000,000 in order to carry out its corporate plans for 2021. With the conversion of all associated financing warrants from the recently completed Unit offering, the Company could add another $3,200,000 into the Company’s treasury, allowing it to be fully financed for 2021 and beyond.
“We are very happy that our shareholders continue to support our company and its exploration programs in Canada” comments Mr. Richard Wilson, President & CEO of Surge. “The funds that we have received recently will go towards rebranding the Company and focusing on projects for high value battery metals required for the electric vehicle (EV) market that complement our Caledonia Silver-Copper exploration project in British Columbia. Here, the Company is actively looking for both established and prospective exploration projects that seek high value metals such as nickel, lithium and cesium.” Mr. Wilson continues, “We have both the team and the funds in place to pursue additional mineral exploration assets of high quality, and we plan to build a much larger mineral exploration company focused on several key metals needed to support the manufacturing of high tech products like EVs and mobile phones.”
In additional news, the Company also announces it has granted stock options to its directors, officers, and consultants to purchase an aggregate of 4,000,000, common shares in the capital of the Company. The stock options are exercisable for a term of five years at an exercise price of $0.105 per share. All stock options are granted in accordance with the terms of the Company’s Stock Option Plan and the policies of the TSX Venture Exchange and will be subject to a hold period of four months and a day.
About Surge Exploration Inc.
The Company is a Canadian-based mineral exploration company which has been active in the resource sector in British Columbia and elsewhere in Canada.
Vancouver Island Caledonia (Poly Metallic) Project, British Columbia
Surge Exploration Inc. has entered into a Property Option Agreement to acquire a 100% interest in seven (7) mineral claims known as the Caledonia, Cascade and Bluebell, subject to a NSR
between 1-2%. Located in the Nanaimo Mining District of northern Vancouver Island, the claims are adjacent to the joint venture partnership between Freeport-McMoRan and Northisle Copper and Gold Inc. Under the terms of this joint venture partnership agreement, Freeport-McMoRan can earn up to a 65% with C$24 million in exploration expenditures over seven years. Freeport-McMoRan is currently one of the world’s largest copper producers.
On Behalf of the Board of Directors
“Rick Wilson”
Richard Wilson
President & CEO
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. Forwards-looking statements herein, include statements related to the timing of the closing of the Transaction and future news releases. 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, including risks related to unforeseen variables preventing the closing of the Transaction. 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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Surge Battery Metals (TSXV: NILI | OTCQX: NILIF | FRA: DJ5) is a Canadian-based mineral exploration company advancing America’s mineral independence through the Nevada North Lithium Project (NNLP), the highest-grade lithium clay resource in the United States.
Reach Us
Suite 300 - 1455 Bellevue Avenue
West Vancouver, BC V7T 1C3
Canada
Surge Battery Metals (TSXV: NILI | OTCQX: NILIF | FRA: DJ5) is a Canadian-based mineral exploration company advancing America’s mineral independence through the Nevada North Lithium Project (NNLP), the highest-grade lithium clay resource in the United States.
Reach Us
Suite 300 - 1455 Bellevue Avenue
West Vancouver, BC V7T 1C3
Canada
Surge Battery Metals (TSXV: NILI | OTCQX: NILIF | FRA: DJ5) is a Canadian-based mineral exploration company advancing America’s mineral independence through the Nevada North Lithium Project (NNLP), the highest-grade lithium clay resource in the United States.
Reach Us
Suite 300 - 1455 Bellevue Avenue
West Vancouver, BC V7T 1C3
Canada