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Surge Announces Initial JV Funding from Evolution Mining Limited

Partnerships & JV

Surge Announces Initial JV Funding from

Evolution Mining Limited

West Vancouver, British Columbia--(Newsfile Corp. - December 10, 2025) - Surge Battery Metals Inc.

(TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5C) (the "Company" or "Surge"), is pleased to announce that

Nevada North Lithium LLC, ("NNL") the joint venture formed by subsidiaries of each of the Company and

Evolution Mining Limited (together with its subsidiary, "Evolution") has received the initial CA$3,000,000

funding obligation of Evolution pursuant to the terms of NNL's amended and restated operating

agreement. Consequently, Evolution's ownership interest in NNL increased by 2.85% to 25.85% with

Surge Battery Metals USA Inc. holding the remaining 74.15% ownership interest.

About Surge Battery Metals Inc.

Surge Battery Metals, 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 exploring for clean, high-grade lithium energy metals in Nevada, USA, a crucial

element for powering electric vehicles. With a primary listing on the TSX Venture Exchange in Canada

and the OTCQX Market in the US, Surge Battery Metals Inc. is strategically positioned as a key player in

advancing lithium exploration.

On behalf of the Board of Directors

"Greg Reimer"

Greg Reimer,

Director, President & CEO

Contact Information

Email :

[email protected]

Phone :

604-662-8184

Website:

surgebatterymetals.com

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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.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/277515