Surge Purchases M3's Texas Spring Property

Surge Battery Metals Inc. (TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5) (the "Company" or "Surge") is pleased to announce that Surge and M3 Metals Corp. ("M3M") have entered into a property purchase and sale agreement (the "Purchase Agreement") whereby M3M, in consideration of the issuance to M3M of a total of 1,200,000 common shares of the Company, will sell to the Company all of its right, title and interest in and to the Texas Springs Properties (the "Properties") in the area of the Company's Nevada North Lithium Project. 

The Properties, which Surge and M3M each own fifty (50%) percent of, were the subject of a mineral property option agreement (the "Option Agreement") dated effective July 26, 2023. The Option Agreement, and all rights and obligations under it, has been terminated by the Purchase Agreement. 

Upon closing of the Purchase Agreement, Surge will own a one hundred (100%) percent right, title and interest in and to the Properties and M3M will execute quit claim deeds to the Properties which will be in registrable form for (and will be registered in) Elko County, Nevada. 

More information concerning the Properties, including their location and number, can be found in Surge's continuous disclosure documents filed on SEDAR as well as in news releases of Surge, including its news release dated July 26, 2023, and the technical report filed on April 28, 2024. 

The Purchase Agreement is subject to its acceptance for filing with the TSX Venture Exchange. 

The Company also wishes to announce that it has granted a total of 2,850,000 stock options, exercisable for a period of five years, at an exercise price of 40 cents a share to certain directors, officers, and consultants.

Surge Battery Metals | surgebatterymetals.com