Surge Battery Metals Provides Shareholder Update
Surge Battery Metals Inc.
1220 – 789 West Pender Street
Vancouver, BC, Canada V6C 1H2
778-945-2656
www.surgebatterymetals.com
NEWS RELEASE
Surge Battery Metals Provides Shareholder Update
Vancouver, BC – December 17, 2021 – Surge Battery Metals Inc. (the "Company" or “Surge”) (TSXV:
NILI, OTCQB:NILIF; FRA:DJ5C) would like to provide its shareholders with additional information
regarding the history and current status of the Company, as well as, its proposed operating plan for
2022.
LETTER FROM THE PRESIDENT
TO OUR SHAREHOLDERS AND PARTNERS:
Since January 2021, the Company has accomplished a great deal including a corporate rebranding,
successful financing initiatives and the addition of significant mineral assets. All of this was done
during a time of global uncertainty caused by the COVID-19 global pandemic and unprecedented
weather events as a result of climate change. This has led to a renewed worldwide interest in clean
tech solutions, including purchasing of electric vehicles (“EV”). New electric vehicle companies have
emerged such as Fisker Inc. and Rivian Automotive, Inc. As well, Tesla Inc. (NASDAQ: TSLA)
continues to be one of the most valuable car and public companies worldwide. Finally, traditional
car manufacturing companies like Ford Motor Company (NYSE: F), General Motors Company
(NYSE:GM), BMV (ETR:BMW) and Volkswagen (ETR:VOW3) are committing to building EVs as a
global manufacturing and sales strategy.
The company is now planning our 2022 mineral exploration programs which will occur in mining
and investment supportive jurisdictions like British Columbia, Canada and Nevada, USA, where our
assets are located. Our exploration team is in the process of reviewing our past exploration work in
order to develop realistic exploration plan for 2022. Some of this proposed work has been identified
in past Surge news releases on our Nevada Lithium Projects , BC Nickel Projects and BC Copper
Projects. We plan to further enhance and move our mineral exploration properties forward in the
coming year.
Mr. Greg Reimer, Surge President & CEO comments “This year we have completed quite a bit,
including adding significant mineral assets, a CAD$2.4 million financing at the start of the year and a
recently completed a CAD$925,000 flow through eligible financing. This latest CAD$925,000
financing will be used to specifically fund our 2022 exploration activities on our Canadian properties.
With approximately CAD$4.1 million in our treasury, the company is well capitalized going into 2022.
Our next step will be to continue to add new and exciting mineral assets focussed on Lithium, Nickel
and Copper commodities. These are high value metals involved in the global electrification
movement.”
In addition to adding working capital and adding significant mineral assets over the past year, Surge
has added several experienced people to our team which will allow the Company to drive results on
these mineral properties. “We look to add to both our management team and board in calendar 2022,
stay tuned for these exciting announcements” comments Mr. Reimer.
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Furthermore Mr. Reimer states “Long-term, the Company believes in the market for market for
lithium, nickel and copper and we will continue to explore and develop our mineral exploration
properties in North America. They are great and important Company assets largely because of the
emergence of the overall EV market and the need for new global sources of these three metals
and EVs are expected to drive a large part of this increased future metal demand and are projected
to grow from a small number today to 140 million vehicles by the year 2035. As you can see, the
future for these three EV focussed metals is certainly bright.”
These changes have positioned the Company for a bright future for our shareholders.
“We are very happy that our shareholders continue to support our company and our exploration
programs in North America” comments Mr. Reimer. “The funds that we have received recently are
earmarked for our various exploration programs in order to improve the value of what we have
underground and ultimately work towards getting these properties closer to production. This will
take a lot of hard work, but our team is dedicated to succeed for the betterment of our shareholders.”
Thank you for joining us on this journey, and we look forward to a great 2022.
Sincerely,
Greg Reimer
Qualified Person
Johan T. Shearer M.Sc., P.Geo. (BC & Ontario) FSEG is a qualified person as defined by NI# 43 - 101, is
responsible for the technical information contained in this release.
About Surge Battery Metals Inc. surgebatterymetals.com
The Company is a Canadian-based mineral exploration company active in the exploration for nickel-
iron alloy and Copper in British Columbia and lithium in Nevada whose primary listing is on the TSX
Venture Exchange. The Company's maintains a focus on exploration for high value battery metals
required for the electric vehicle (EV) market.
Nevada Lithium Claims
The Company owns a 100% interest in 95 mineral claims located in Elko County, Nevada. The
Northern Nevada Lithium Project is located in the Granite Range about 34 line- km southeast of
Jackpot, Nevada, about 73 line-km north-northeast of Wells, Nevada. The target is a Thacker Pass or
Clayton Valley type lithium clay deposit in volcanic tuff and tuffaceous sediments of the Jarbidge
Rhyolite package. The project area was first identified in public domain stream sediment geochemical
data with follow up sediment sampling and geologic reconnaissance.
The Company has entered into a Property Option Agreement to earn an undivided 80% interest in
the San Emidio Desert Lithium Project, subject to a 2% NSR, located 60 miles Northeast of Reno,
Nevada from Lithium Corporation (OTCQB: LTUM). The San Emidio Desert Lithium Project consists
of 60 mineral claims comprising a total of 4,800 acres and is located in the San Emidio Desert.
Nickel Projects, Northern BC
The Company has entered into a Property Option Agreement to earn an undivided 80% interest in
certain mineral claims from Nickel Rock Resources Inc.
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The Surge Nickel Project consists of two non-contiguous mineral claims groups consisting of 6
mineral claims in the Mount Sidney Williams area (HN4) covering 1863 hectares immediately south
of and adjacent to the Decar Project and the Mitchell Range area (N100) covering 8659 hectares,
located in Northern British Columbia. Three of the claims are subject to 2% NSR, including the (HN4
claim and the two southernmost claims of the N100 claims).
The exploration stage project is in the Trembleur Lake area of central British Columbia, partially
adjacent to FPX Nickel Corp.’s Decar Nickel Project, which is an advanced project targeting awaruite,
a nickel-iron alloy mineral, hosted by serpentinized ultramafic intrusive rocks of the Trembleur
Ultramafic Unit.
Caledonia Project, Vancouver Island, BC
The Company has entered into a Property Option Agreement to acquire a 100% interest in 7 mineral
claims including the Caledonia, Cascade and Bluebell claims, subject to a NSR between 1-2%. Located
in the Nanaimo Mining Division on northern Vancouver Island. The claims are 7 km north-west of
BHP's past producing Island Copper mine. During its prime operating period the Island Copper mine
was Canada's third-largest copper producer. The Caledonia Project claims area lies within a 50-
kilometer-long copper belt northwest of the Island Copper mine.
On Behalf of the Board of Directors
“Greg Reimer”
Greg Reimer, President & CEO
778-945-2656
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 news release
may contain forward‐looking statements which include, but are not limited to, comments that involve future
events and conditions, which are subject to various risks and uncertainties. Except for statements of historical
facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and
security of mineral property titles, availability of funds, and others are forward‐looking. Forward‐looking
statements are not guaranteeing future performance and actual results may vary materially from those
statements. General business conditions are factors that could cause actual results to vary materially from
forward‐looking statements.