RK Equity Initiates Research Coverage on Surge Battery Metals
RK Equity Initiates Research Coverage on
Surge Battery Metals
West Vancouver, British Columbia--(Newsfile Corp. - June 1, 2026) - Surge Battery Metals Inc. (TSXV:
NILI) (OTCQX: NILIF) (FSE: DJ5) (the "
Company
" or "
Surge
") is pleased to announce that Matt Fernley
from RK Equity Advisors LLC ("RK Equity") has initiated research coverage on the Company. RK Equity
has published an initial report on the Company dated June 1, 2026 titled "Next LAC off the rank?" (the
"Report").
The Report can be accessed with the following link:
https://rkequity.com/research
.
Please note that any opinions or forecasts regarding the Company made by RK Equity and/or their
analysts are theirs alone and neither represent the opinions or forecasts of the Company or its
management, nor imply that the Company endorses or approves such information, conclusions, or
recommendations.
The Company is also granting a total of 3,800,000 stock options, exercisable for a period of five years,
at an exercise price of $0.70 a share to certain directors, officers and consultants.
About RK Equity
RK Equity provides strategic advisory and market intelligence services to companies, investors, and
policymakers in lithium battery materials and critical minerals, including research, content development,
and capital markets engagement. Matt Fernley has more than 25 years of experience as an equity and
commodity analyst. He is currently a Partner at RK Equity, as well as the Founder and Managing Director
of Battery Materials Review, and has published extensively on batteries, battery materials, and the
energy transition.
About Surge Battery Metals Inc.
Surge Battery Metals Inc., a Canadian-based mineral exploration company, is at the forefront of securing
the supply of domestic lithium through its active engagement in the Nevada North Lithium Project. The
project focuses on development of high-grade lithium energy metals in Nevada, USA, a crucial element
for powering battery electric storage and electric vehicles. With a primary listing on the TSX Venture
Exchange in Canada and a listing on the OTCQX Market in the USA, Surge Battery Metals Inc. is
strategically positioned as a key player in advancing lithium exploration.
About Nevada North Lithium, LLC
Nevada North Lithium, LLC, jointly owned by Surge Battery Metals Inc (70.54%) and Evolution Mining
Limited (29.46%), owns the Nevada North Lithium Project southeast of Jackpot, Nevada about 73 km
north-northeast of Wells, Elko County. The first four rounds of drilling at the project identified a strongly
mineralized zone of lithium bearing clays occupying a strike length of more than 4,700 meters and a
known width of greater than 2,000 meters. Highly anomalous soil values and geophysical surveys
suggest there is potential for the clay horizons to be much greater in extent. As disclosed in the
Company's Preliminary Economic Assessment dated May 19, 2025 (PEA), completed jointly by M3
Engineering & Technology Corp. and Independent Mining Consultants (see the Company's news release
dated July 24, 2025 for further information regarding the PEA), the Nevada North Lithium Project
reported an after-tax NPV8% US $9.17 Billion and after-tax IRR of 22.8% at $24,000/t LCE and an
OPEX of US $5,243/t LCE. The Project now has a pit-constrained Measured & Indicated Resource
containing an estimated 10.51 Mt of Lithium Carbonate Equivalent (LCE) grading 3007 ppm Li at a
1,250-ppm cutoff.
On behalf of the Board of Directors
"Greg Reimer"
Greg Reimer,
Director, President & CEO
Contact Information
Email:
Phone: 604-662-8184
Website:
surgebatterymetals.com
Keep up-to-date with Surge Battery Metals:
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This document may contain certain "Forward-Looking Statements" within the meaning of the United
States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When
used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan" or
"planned", "possible", "potential", "forecast", "intend", "may", "schedule" and similar words or
expressions identify forward-looking statements or information. These forward-looking statements or
information may relate to future prices of commodities including lithium and nickel, the accuracy of
mineral or resource exploration activity, reserves or resources, regulatory or government requirements or
approvals including approvals of title and mining rights or licenses and environmental, local community or
indigenous community approvals, the reliability of third party information, continued access to mineral
properties or infrastructure or water, changes in laws, rules and regulations including in the United
States, Nevada or California or any other jurisdiction which may impact upon the Company or its
properties or the commercial exploitation of those properties, currency risks including the exchange rate
of USD$ for Cdn$ or other currencies, fluctuations in the market for lithium related products, changes in
exploration costs and government royalties, export policies or taxes in the United States or any other
jurisdiction and other factors or information. The Company's current plans, expectations, and intentions
with respect to development of its business and of its Nevada properties may be impacted by economic
uncertainties arising out of any pandemic or by the impact of current financial and other market
conditions (including US government subsidies or incentives) on its ability to secure further financing or
funding of its Nevada properties. Such statements represent the Company's current views with respect
to future events and are necessarily based upon several assumptions and estimates that, while
considered reasonable by the Company, are inherently subject to significant business, economic,
competitive, political, environmental (including endangered species, habitat preservation and water-
related risks) and social risks, contingencies, and uncertainties. Many factors, both known and unknown,
could cause results, performance, or achievements to be materially different from the results,
performance or achievements that are or may be expressed or implied by such forward-looking
statements. The Company does not intend, and does not assume any obligation, to update these
forward-looking statements or information to reflect changes in assumptions or changes in
circumstances or any other events affecting such statements and information other than as required by
applicable laws, rules, and regulations
.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/299598