Announcement • Jun 26
Surge Battery Metals Inc. announced that it has received CAD 36 million in funding On June 25, 2026, Surge Battery Metals Inc. closed the transaction. The company has upsized non-brokered private placement for aggregate gross proceeds of CAD 36,000,000 through the issuance of 60,000,000 units at a price of CAD 0.60 per unit. In connection with the offering, the company paid aggregate cash finder's fees of CAD 2,039,033.20 to one finder. Certain directors and officers of the company participated in the offering by acquiring an aggregate of 1,480,000 units, for gross proceeds of CAD 888,000. The company has issued 17,430,000 units pursuant to exemption provided under Regulation D. New Risk • Jun 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 34% per year over the past 5 years. Shareholders have been substantially diluted in the past year (43% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). 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. 
