Surge Battery Metals Announces Clarification on Previously Announced Non-Brokered LIFE Offering

Core Viewpoint - Surge Battery Metals Inc. is conducting a non-brokered private placement offering, aiming to raise up to $5,000,000 through the sale of 20,000,000 units at a price of $0.25 per unit, which will consist of common shares and warrants [1][2] Group 1: Offering Details - The LIFE Offering will consist of 20,000,000 units priced at $0.25 each, with total gross proceeds expected to be $5,000,000 [1] - Each unit includes one common share and one warrant, allowing the holder to purchase an additional common share at $0.40 for three years [1] - 3L Capital Inc. is acting as the financial advisor for this transaction [1] Group 2: Use of Proceeds - Proceeds from the LIFE Offering are intended to meet near-term funding commitments related to a joint venture with Evolution Mining Limited on the Nevada North Lithium Project [2] - The LIFE Offering is not contingent upon the formation of the joint venture; if the JV does not proceed, funds will be allocated for other purposes as outlined in the Amended Offering Document [2] Group 3: Company Overview - Surge Battery Metals is a Canadian mineral exploration company focused on securing domestic lithium supply through the Nevada North Lithium Project, which is essential for electric vehicle production [5] - The company is listed on the TSX Venture Exchange in Canada and the OTCQX Market in the US, positioning it as a key player in lithium exploration [5]