Surge Battery Metals Closes Fully Subscribed Non-Brokered LIFE Offering

Core Points - Surge Battery Metals Inc. has successfully closed a non-brokered private placement offering, raising a total of $5,000,000 by issuing 20,000,000 units at a price of $0.25 per unit [1] - Each unit consists of one common share and one warrant, with the warrant allowing the purchase of an additional common share at $0.40 until October 8, 2028 [1] - The proceeds from the offering will be utilized for general working capital and to advance the Nevada North Lithium Project through pre-feasibility and bankable feasibility study stages [3] Financial Details - The company paid finder's fees totaling $264,650 and issued 1,058,600 finder's warrants, each exercisable for one common share at $0.25 until October 8, 2028 [2] - The securities issued are free trading and not registered under the U.S. Securities Act, limiting their sale within the United States [4] Company Overview - Surge Battery Metals is focused on securing domestic lithium supply through its exploration activities in 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 U.S., positioning it as a key player in lithium exploration [5]