Surge Battery Metals Withdraws Private Placement
Surge Battery Metals Inc.
3028 Quadra Court
Coquitlam, BC, Canada V3B 5X6
604- 428-5690
www.surgebatterymetals.com
Surge Battery Metals Withdraws Private Placement
Friday December 2, 2022: Coquitlam, BC; Surge Battery Metals Inc. (the “Company” or “Surge”) (TSXV:
NILI, OTCPink: NILIF, FRA: DJ5C) announces that further to its news release dated December 1, 2022, the
company withdraws the proposed private placement. The Company will be looking at other funding
sources in the future.
About Surge Battery Metals Inc. surgebatterymetals.com
The Company is a Canadian-based mineral exploration company active in the exploration for nickel-iron
alloy 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 Projects
The Company owns a 100% interest in 154 mineral claims located in Elko County, Nevada. The Nevada
North Lithium Project is in the Granite Range southeast of Jackpot, Nevada, about 73 km north-northeast
of Wells, Nevada. The target is a 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 returning assay results
for lithium ranging from 29.1 ppm to 5,120 ppm. Significant results included 89 samples outlining a highly
anomalous zone containing sample points greater than 1,000 ppm lithium. Currently, the zone of highly
anomalous lithium values extends about 1,700 meters east-west in two bands each about 300 to 400
meters wide. The anomalous values appear to be in soils developed on airfall or water lain rhyolitic tuff
overlain by welded ash flow tuff.
In addition, the Company has a Property Option Agreement to earn an undivided 80% interest in 16
mineral claims, comprising 640 acres located within Nevada's San Emidio Desert, known as the Galt
Property. Recent mineral exploration on the Galt claim group includes 51 playa sediment samples
collected for chemical analysis at ALS Geochemistry in Vancouver, B.C. Results of aqua regia leaching of
the samples show 68 to 852 parts per million lithium (mean 365 ppm), 5.3 to 201 ppm cesium (mean 72
ppm) and 35 to 377 ppm rubidium (mean 180 ppm). Results from two seven-foot-deep auger holes show
lithium, cesium, and rubidium concentrations in the range of 143.5 to 773 ppm Li, 56.8 to 102.5 ppm Cs
and 155 to 272 Rb.
Finally, the Company owns a 100% interest in 663 ha (1,640 acre) property in the Teels Marsh Project
located in Mineral County, Nevada. The property is in an active region for both lithium exploration and
production.
Nickel Projects, Northern BC
The Company has a Property Option Agreement to earn an undivided 80% interest in certain mineral
claims from Nickel Rock Resources Inc. The Project (The Surge Nickel Project) consists of two non-
contiguous mineral claims groups consisting of 6 mineral claim blocks located in northern British
Columbia. One claim in the Mount Sidney Williams area (claim HN4), covers 1863 hectares immediately
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south of and adjacent to the Decar Project, currently being advanced by FPX Resources, and 5 claims in
the Mitchell Range area, northeast of Decar, (N100 Group) covering 8659 hectares. Three of the claims
are subject to 2% NSR, including the (HN4 claim and the two southernmost claims of the N100 claim
group). Both projects target the nickel-iron alloy mineral “Awaruite”, hosted by serpentinized intrusive
rocks of the Trembleur Ultramafic Unit.
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On Behalf of the Board of Directors
“Greg Reimer”
Greg Reimer, President & CEO
Contact Information
Email: [email protected]
Phone: 604-428-5690
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.
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Figure 1. Drill Hole Location Map
Figure 1 Drill Hole Location Map