West Vancouver, British Columbia--(Newsfile Corp. - January 15, 2026) - Surge Battery Metals Inc. (the "Company" or "Surge") (TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5) is pleased to announce that due to investor demand the Company is increasing its previously announced non-brokered private placement (the "LIFE Offering") of units (the "Offered Units") at a price of $0.90 per Offered Unit pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 and Coordinated Blanket Order 45-935 - Exemptio ...

Core Viewpoint - Surge Battery Metals Inc. is initiating a non-brokered private placement called the LIFE Offering, aiming to raise $15,000,030 through the sale of 16,666,700 Offered Units, which will support the Nevada North Lithium Project and general working capital [1][3]. Group 1: Offering Details - The Offered Units are priced at $0.90 each and consist of one common share and one-half of a common share purchase warrant, with each full warrant allowing the purchase of one common share at $1.35 for three years post-issuance [1]. - The LIFE Offering is expected to close around February 3, 2026, and is subject to TSX Venture Exchange approval [1][4]. - The offering is made under the National Instrument 45-106, allowing participation from Canadian investors outside Quebec, and the securities will not be subject to a statutory hold period [2]. Group 2: Use of Proceeds - Proceeds from the LIFE Offering will be allocated to costs related to the preliminary feasibility study for the Nevada North Lithium Project, a definitive feasibility study, and general working capital [1][3]. Group 3: Company Positioning - Surge Battery Metals is focused on securing domestic lithium supply through its Nevada North Lithium Project, which is essential for electric vehicle production [6]. - The financing is viewed as a strong endorsement of the company's strategy and its project development efforts [3].

Core Insights - Surge Battery Metals Inc. has announced that its joint venture, Nevada North Lithium LLC, received an initial funding of CA$3,000,000 from Evolution Mining Limited, increasing Evolution's ownership in the venture to 25.85% [1] - Surge Battery Metals USA Inc. retains a majority ownership interest of 74.15% in the joint venture [1] Company Overview - Surge Battery Metals is a Canadian mineral exploration company focused on securing domestic lithium supply through the Nevada North Lithium Project, which aims to explore high-grade lithium essential for electric vehicle production [2] - 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 [2]

Core Viewpoint - Surge Battery Metals Inc. has established a joint venture with Evolution Mining Limited to advance the Nevada North Lithium Project, marking a significant step in lithium asset development in the U.S. [10] Group 1: Joint Venture Agreement - Surge Battery Metals USA Inc. and Evolution Mining Limited have entered into a joint venture agreement to develop the Nevada North Lithium Project [1] - The joint venture will be implemented through Nevada North Lithium, LLC, focusing on completing a Preliminary Feasibility Study (PFS) [2] Group 2: Contributions and Ownership - Surge US has contributed all its mining claims and mineral rights for the NNLP, while Evolution has contributed its 75% mineral interest in an 880-acre private land portion and additional mineral rights in over 21,000 acres [3] - Surge US will initially hold a 77% ownership interest in the joint venture, with Evolution holding 23% [5] - Evolution is obligated to fund up to CAD$10,000,000 for the PFS, with an initial CAD$3,000,000 expected by December 5, 2025 [5] Group 3: Governance and Management - The joint venture will be governed by an Operating Committee, consisting of five appointees, with Surge US appointing three and Evolution appointing two [6] - Surge US will act as the general manager of the NNLP as long as it holds more than a 50% ownership interest [7] Group 4: Strategic Importance - The partnership aims to accelerate the development of one of the most promising lithium assets in the U.S., addressing the growing demand for critical battery metals [10] - Surge Battery Metals is positioned as a key player in securing domestic lithium supply through its engagement in the Nevada North Lithium Project [15]

Core Viewpoint - Arbor Metals Corp. has successfully closed a non-brokered private placement, raising $1,000,000 through the issuance of 5,000,000 units at a price of $0.20 per unit, aimed at funding exploration and development projects in Quebec [1][2]. Group 1: Financial Details - The Offering consists of 5,000,000 units priced at $0.20 each, resulting in gross proceeds of $1,000,000 [1]. - Each unit includes one common share classified as a "flow-through share" and one-half of a share purchase warrant, with each whole warrant exercisable at $0.25 until November 19, 2028 [1]. - The Company issued 500,000 shares and 250,000 Finders' Warrants to an arms-length party for introducing the investor, with Finders' Warrants also exercisable at $0.25 until November 19, 2028 [3]. Group 2: Project Focus - Proceeds from the Offering will be directed towards the Jarnet Lithium Project and the Ernest REE Project, both located in Quebec [2]. - The Jarnet and Corvette Lake lithium projects are contiguous to the Corvette-FCI property, which has confirmed significant lithium mineralization through diamond drilling [5]. - The Kemlee Lake Lithium project is strategically located near Rock Tech Lithium Inc.'s claims and shares geological similarities with the Georgia Lake deposit, targeting spodumene-bearing pegmatites [6]. Group 3: Company Overview - Arbor Metals Corp. is a mining exploration company focused on developing high-value mineral projects globally, emphasizing advanced mineral exploration and quality project management [4].

Core Insights - Brunswick Exploration Inc. has announced positive inaugural drilling results from its Anatacau Main Project in Quebec, revealing multiple large spodumene-bearing pegmatites with rich lithium mineralization [1][3][4] Drilling Results - The drilling campaign included six diamond drill holes totaling 750 meters, with all holes intercepting mineralized pegmatites [15] - Significant intercepts include drill hole AN-25-05, which showed 1.31% Li2O over 120.7 meters, with a true thickness estimated between 65% and 85% [5][9] - High cesium values were also noted, with up to 1.46% Cs2O over 1 meter in some intervals [5][9] Project Potential - The Anatacau Main Project is located along a major deformation corridor similar to the neighboring Galaxy deposit owned by Rio Tinto, which has a resource of 54.3 million tonnes at 1.30% Li2O [3][4] - The company controls over 18 kilometers of this prospective corridor, indicating significant exploration potential [3][4] - The mineralized pegmatite dykes exhibit excellent continuity in mineralogy and grade, with several high-grade zones identified [9] Geological Context - The largest pegmatite outcrop at the Anais showing has been extended to over 170 meters in strike length and remains open in all directions [8] - The host rocks consist of greywacke and amphibolite, with pervasive lithium alteration observed, suggesting significant lithium-bearing fluids along the deformation corridor [10] Future Plans - A maiden resource estimate for the Mirage project is forthcoming, alongside an inaugural drill campaign in Greenland and other growth opportunities [4] - A geometallurgical study is underway, with results expected in early 2026 [11]

Core Insights - LiFT Power Ltd. announced the results of exploration activities at the Cali Lithium Project, indicating significant progress in understanding the project's economic potential [1][21] - The exploration program in 2025 builds on previous work, focusing on systematic channel sampling and mapping to gather data on lithium grades and metallurgical recovery [3][19] Group 1: Project Overview - The Cali Lithium Project is located in the Northwest Territories, Canada, within the Little Nahanni Pegmatite Group, featuring a 13 km long corridor of spodumene pegmatite dykes [2][21] - In 2023, geological mapping and sampling were conducted, identifying a strong spodumene mineralization area of approximately 1 km by 1.5 km [2][10] Group 2: 2025 Exploration Results - A total of 43 rock samples were collected in 2025, with 24 channels cut, yielding 187 one-metre samples, and channel samples were taken from both outcrop and frost-shattered subcrop [9][10] - The 2025 work area showed promising results, with 17 out of 19 channels returning grades above 0.8% Li₂O, including a highlight of 1.9% Li₂O over 21 consecutive metres [10][19] Group 3: New Discoveries - The exploration confirmed six new spodumene-bearing pegmatites in the northwest extension, adding 3 km to the previously defined corridor, with a minimum width of 400 m [12][19] - In the NW-01 area, 23 out of 34 rock samples returned grades above 1.0% Li₂O, with a peak grade of 2.9% Li₂O [13][19] Group 4: Future Plans - The company aims to integrate channeling, metallurgical testing, and extensive prospecting to advance the understanding of the Cali Lithium Project and position it for potential future resource delineation [19][21]

Core Viewpoint - Surge Battery Metals Inc. has successfully closed a non-brokered private placement financing, raising $500,000 through the issuance of 1,851,852 units at a price of $0.27 per unit, which includes common shares and warrants [1][2]. Financing Details - Each unit consists of one common share and one share purchase warrant, with the warrant allowing the purchase of an additional common share at an exercise price of $0.37 until October 15, 2028 [2]. - The private placement proceeds will be allocated for general working capital [3]. Strategic Investment - The sole investor in this private placement is The Quaternary Group Ltd., which now holds approximately 11.3% of the company's outstanding shares on a diluted basis and 5.7% on an undiluted basis, marking them as a significant shareholder [4]. - The investment is viewed as a strong endorsement of the company's projects and growth strategy [4]. Management Commentary - Graham Harris, Chairman, expressed satisfaction with the continued investment from The Quaternary Group, highlighting their long-standing support and confidence in the company's strategy [5]. - Ross Jennings from The Quaternary Group emphasized the strategic importance of Surge Battery Metals in the lithium market, particularly in relation to the Nevada North Lithium Project [5]. 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 crucial for electric vehicle production [6]. - The company is listed on the TSX Venture Exchange and the OTCQX Market, positioning it as a key player in lithium exploration [6]. Nevada North Lithium Project - The Nevada North Lithium Project is located in the Granite Range, with significant drilling results indicating a mineralized zone of lithium-bearing clays over a strike length of more than 4,300 meters [7]. - The project has an inferred resource of approximately 8.65 million tonnes of Lithium Carbonate Equivalent (LCE) with a grade of 2,955 ppm Li [7]. - A recently completed Preliminary Economic Assessment (PEA) reported an after-tax NPV at 8% of $9.17 billion and an after-tax IRR of 22.8% at a lithium price of $24,000 per tonne [7].

Core Viewpoint - Surge Battery Metals Inc. is conducting a non-brokered private placement of 1,851,852 units at a price of $0.27 per unit, aiming to raise gross proceeds of $500,000 to support general working capital [1][2]. Company Overview - Surge Battery Metals is a Canadian mineral exploration company focused on securing domestic lithium supply through its Nevada North Lithium Project, which is essential for electric vehicle production [4]. - 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 and contributing to the sustainable future of the electric vehicle industry [4]. Nevada North Lithium Project - The Nevada North Lithium Project is located in the Granite Range, southeast of Jackpot, Nevada, and has identified a mineralized zone of lithium-bearing clays over a strike length of more than 4,300 meters and a width exceeding 1,500 meters [5]. - The project has an inferred resource of approximately 8.65 million tonnes of Lithium Carbonate Equivalent (LCE) with a grade of 2,951 ppm Li at a cutoff of 1,250 ppm [5].

Core Insights - Brunswick Exploration Inc. has confirmed a historical spodumene pegmatite and discovered a second one at its Paamiut project in Greenland, making it the only company actively exploring for lithium in the region [1][2][3] Project Developments - The confirmed spodumene pegmatites at the Paamiut project are located approximately 26 kilometers from the coastal community of Paamiut, within a large shear zone in a greenstone belt measuring roughly 10 kilometers by 2 kilometers [3] - The pegmatites are approximately 3-6 meters wide and 40-60 meters long, with lithium mineralization primarily consisting of spodumene, which varies from 5-30% [4] - The company is planning a maiden drill program at the Nuuk project, alongside ongoing exploration at the Anatacau Main project and a forthcoming resource estimate at the Mirage project in Quebec [2][5] Exploration Strategy - During the summer campaign, the exploration team completed first-pass prospecting on all western Greenland licenses while advancing both Nuuk and Paamiut projects [5] - The company has not identified additional spodumene discoveries outside of the Nuuk and Paamiut areas during this period [5] Corporate Update - Mr. Mathieu Savard has resigned as a director to focus on his role as CEO of Vior Inc., and the company expressed gratitude for his contributions [6]