Surge Battery Metals announces investor relations agreements

Surge Battery Metals Inc. has recently announced the signing of two agreements relating to investor relations. These agreements fall within the guidelines set by the TSX Venture Exchange regarding investor relations arrangements. The first agreement, dated February 2, 2026, is with Freedom Financial Research, LLC. This agreement involves the provision of digital marketing and investor outreach services to enhance awareness of Surge Battery Metals Inc. and its Nevada North Lithium Project. The services to be provided by Freedom will include the dissemination of marketing materials through various online platforms, all based on publicly available information and in compliance with relevant securities laws. The agreement is set to run for approximately 30 days, starting in February 2026, with a fee of US$150,000 agreed upon for the services.

Furthermore, Surge Battery Metals Inc. has also entered into an extended agreement with New Era Publishing Inc. This amended agreement, also dated February 2, 2026, will continue to focus on online marketing and investor awareness services via the CarbonCredits.com platform. The extension of this agreement spans approximately three months, from February to April 2026, with a fee of US$75,000 allocated for the extension. Similar to the first agreement, the services offered by New Era will be based on publicly available information and subject to relevant securities laws.

In addition to these agreements, Surge Battery Metals Inc. has granted a total of 881,250 restricted share units (RSUs) and 293,750 performance share units (PSUs) in accordance with its Equity Incentive Plan. The vesting terms for these units differ, with 50% of RSUs vesting on the first anniversary of the grant date and the remaining 50% vesting on the second anniversary. On the other hand, the PSUs granted to participants will vest upon the completion of a definitive feasibility study for the Project or on the first anniversary of the grant date, whichever comes later.

It is important to note that the granted PSUs and RSUs are subject to Exchange Policy 4.4, which stipulates a minimum one-year period before vesting can occur. Additionally, these units expire five years from the grant date and may be subject to early cancellation under certain circumstances. The exercise price for both RSUs and PSUs is $0.01 per share, with each unit entitling the holder to one common share of the Company. Approval from the TSX Venture Exchange is required for the grant of these units to take effect.

Surge Battery Metals Inc., a Canadian-based mineral exploration company, is actively involved in the Nevada North Lithium Project, aiming to secure a domestic lithium supply. The project, located in Nevada, USA, focuses on the extraction of high-grade lithium energy metals essential for battery electric storage and electric vehicles. With listings on the TSX Venture Exchange in Canada and the OTCQX Market in the US, Surge Battery Metals Inc. plays a crucial role in advancing lithium exploration.

Nevada North Lithium LLC, the owner of the Nevada North Lithium Project, is situated southeast of Jackpot, Nevada. The project has shown promising results from initial drilling, revealing a mineralized zone of lithium-bearing clays extending over 4,300 meters. Soil values and geophysical surveys indicate the potential for further expansions of the clay horizons. The project boasts an Inferred Resource containing an estimated 11.24 Mt of Lithium Carbonate Equivalent (LCE) with a grade of 3010 ppm Li at a 1,250-ppm cutoff. The completion of a preliminary economic assessment (PEA) resulted in positive figures, including an after-tax NPV8% of US $9.17 Billion and an after-tax IRR of 22.8% at $24,000/t LCE. Following a 2025 infill drill program, assay results are currently pending, showcasing the ongoing progress and potential of the Nevada North Lithium Project.

In conclusion, Surge Battery Metals Inc. has solidified its investor relations through the recent agreements with Freedom Financial Research, LLC, and New Era Publishing Inc. These developments, coupled with the grant of RSUs and PSUs, illustrate the Company’s commitment to growth and value creation. Additionally, the strides made in the Nevada North Lithium Project underscore Surge Battery Metals Inc.’s dedication to securing a domestic lithium supply and contributing to the advancement of lithium exploration.