Surge Announces IR Agreements

Core Insights - Surge Battery Metals Inc. has entered into two investor relations agreements to enhance marketing and investor awareness regarding the company and its Nevada North Lithium Project [2][3]. Group 1: Investor Relations Agreements - The company has signed a marketing and investor awareness agreement with Freedom Financial Research, LLC, for a fee of US$150,000, which will last approximately 30 days starting February 2026 [2]. - An amended investor awareness agreement with New Era Publishing Inc. has been established, extending the campaign for about three months with a fee of US$75,000, focusing on online marketing and investor awareness [3]. Group 2: Equity Incentive Plan - As of February 5, 2026, the company granted 881,250 restricted share units (RSUs) and 293,750 performance share units (PSUs) under its Equity Incentive Plan [4]. - The vesting schedule for RSUs includes 50% vesting on the first anniversary and the remaining 50% on the second anniversary of the grant date, while PSUs vest upon completion of a definitive feasibility study or on the first anniversary of the grant [5][6]. Group 3: Nevada North Lithium Project - The Nevada North Lithium Project has an inferred resource of approximately 11.24 million tonnes of Lithium Carbonate Equivalent (LCE) with a grade of 3010 ppm Li, and a recent preliminary economic assessment (PEA) reported an after-tax NPV of US$9.17 billion and an IRR of 22.8% at a price of US$24,000 per tonne of LCE [9].