Surge Battery Metals Announces Non-Brokered LIFE Offering is Fully Subscribed

Core Viewpoint - Surge Battery Metals Inc. has successfully completed its non-brokered private placement offering, raising a total of $5,000,000 through the sale of 20,000,000 units at a price of $0.25 per unit, which includes common shares and purchase warrants [1][4]. Group 1: Offering Details - The LIFE Offering consists of 20,000,000 units priced at $0.25 each, generating gross proceeds of $5,000,000 [1]. - Each unit includes one common share and one warrant, with the warrant allowing the purchase of an additional common share at $0.40 for three years [1]. - The closing of the offering is expected around October 7, 2025, pending approval from the TSX Venture Exchange [3]. Group 2: Purpose and Use of Proceeds - Proceeds from the LIFE Offering will support funding commitments related to a Joint Venture with Evolution Mining Limited for the Nevada North Lithium Project [4]. - The offering aims to enhance the company's balance sheet and provide working capital flexibility for ongoing discussions with Evolution and new project opportunities [4]. Group 3: Company Overview - Surge Battery Metals Inc. is focused on securing domestic lithium supply through its engagement in the Nevada North Lithium Project, which is essential for electric vehicle production [6]. - The company is listed on the TSX Venture Exchange in Canada and the OTCQX Market in the US, positioning itself as a key player in lithium exploration [6].