Announcement • Jun 04
Surge Battery Metals Inc. announced that it expects to receive CAD 30 million in funding Surge Battery Metals Inc. announces a non-brokered private placement to issue 50,000,000 units at a price of CAD 0.60 per Unit for gross proceeds of CAD 30,000,000 on June 3, 2026. The financing is led by Brian Paes-Braga – Managing Partner of SAF Group, a global structured credit and merchant banking firm, and Head of SAF Capital Partners, the growth equity arm of SAF Group –and Michael Hess – CIO of Hess Capital – both of whom will be joining and co-leading Surge's Strategic Advisory Board. Each Unit will consist of one common share of the Company and one common share purchase warrant. Each Warrant will entitle the holder to acquire one additional common share of the Company at an exercise price of CAD 0.90 for a period of three years from the date of issuance. The Company also reserves the right to increase the size of the Offering by up to 10,000,000 additional Units, for aggregate gross proceeds of up to CAD 36,000,000. The Offering is expected to close on or around June 20th, 2026. The Offering is expected to be completed pursuant to applicable securities law exemptions and remains subject to the acceptance of the TSXV and all other necessary regulatory approvals. The securities issued pursuant to the Offering will be subject to a statutory hold period of four months and one day in accordance with applicable securities laws. Insiders of the Company are expected to participate in the Offering. Recent Insider Transactions • May 25
Independent Chairman of the Board recently bought CA$155k worth of stock On the 21st of May, Graham Harris bought around 250k shares on-market at roughly CA$0.62 per share. This transaction amounted to 3.0% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth CA$340k. Graham has been a buyer over the last 12 months, purchasing a net total of CA$1.7m worth in shares. Recent Insider Transactions • May 17
Insider recently bought CA$340k worth of stock On the 13th of May, Ross Jennings bought around 500k shares on-market at roughly CA$0.68 per share. This transaction amounted to 2.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$3.5m more in shares than they have sold in the last 12 months. 
