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ERD 6.16 −1.4% NFG 2.37 +2.2% CLM 0.060 +0.0% GEMG 1.64 +0.0% STGO 1.56 +2.6% WEX 0.580 −3.3% NOBL 0.120 +9.1% LGO 1.00 −3.9% SSE 0.095 +0.0% AAZ 0.040 +0.0% MNRG 0.095 +11.8% RME 0.260 +30.0% NUAG 9.48 +1.3% KRN 0.300 +11.1% EON 0.020 −nan% EMO 0.420 −1.2% ERD 6.16 −1.4% NFG 2.37 +2.2% CLM 0.060 +0.0% GEMG 1.64 +0.0% STGO 1.56 +2.6% WEX 0.580 −3.3% NOBL 0.120 +9.1% LGO 1.00 −3.9% SSE 0.095 +0.0% AAZ 0.040 +0.0% MNRG 0.095 +11.8% RME 0.260 +30.0% NUAG 9.48 +1.3% KRN 0.300 +11.1% EON 0.020 −nan% EMO 0.420 −1.2%
Financings

Surge Battery arranges $500,000 private placement

By The Northwire Desk — AI Analysis Oct 10, 2025 · 18:09 NILI · 0.35 Surge Battery Metals Inc.
NILI · Price

Executive Summary

  • Surge Battery Metals Inc. announced a non‑brokered private placement of 1,851,852 units at C$0.27 per unit, targeting gross proceeds of $500,000.
  • Each unit consists of one common share and one three‑year warrant exercisable at C$0.37 per share.
  • Proceeds will be used for general working capital; closing is subject to TSX Venture Exchange approval.

Key Details

  • Units offered: 1,851,852 units
  • Price per unit: C$0.27 (approximately $0.27)
  • Gross proceeds target: $500,000 CAD
  • Unit composition: 1 common share + 1 share purchase warrant
  • Warrant terms: Exercisable for three years at C$0.37 per share
  • Use of proceeds: General working capital for the company’s lithium exploration activities
  • Closing condition: Subject to approval by the TSX Venture Exchange

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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