Surge Battery Metals announces OTC Symbol Change to "NILIF" and New Website Launch

Rhea-AI Summary

Surge Battery Minerals Inc. announced the approval of a new stock symbol 'NILIF' for trading on OTC Markets, effective immediately. This change is part of a rebranding effort aimed at enhancing the company's focus on exploring high-value battery metals for the electric vehicle market. The company also launched a new corporate website to improve shareholder communication. With approximately $2.8 million in treasury, Surge plans to pursue strategic projects. Notably, it has entered a Property Option Agreement for a 100% interest in seven mineral claims in British Columbia.

Positive

• New stock symbol 'NILIF' improves branding and visibility.
• Launch of a corporate website enhances shareholder communication.
• Company has approximately $2.8 million in treasury for strategic project development.

Negative

• None.

VANCOUVER, BC, April 14, 2021 /PRNewswire/ -- Surge Battery Minerals Inc. (the "Company" or "Surge") (TSXV: NILI) (OTC: NILIF) (FRA: DJ5C) is pleased to announce that FINRA has approved a change to the Company's stock symbol trading on the OTC Markets.  Effective today, the Company's common shares will trade on the OTC Markets under the symbol "NILIF".  The current trading symbol is SURJF.

The Company is also pleased to announce that it has launched a new corporate website https://surgebatterymetals.com.  We are excited about our new website and the information it provides to our shareholders with respect to the Company's business.

The new symbol "NILIF", recent name change, and new website are part of the Company's rebranding initiative which will better reflect the direction of the Company as its focus will be on exploration for high value battery metals required for the electric vehicle (EV) market.

Currently the Company has approximately $2,800,000 in its treasury and the Company plans to continue to create shareholder value by searching out strategic projects to add to its portfolio.

About Surge Battery Metals Inc.

The Company is a Canadian-based mineral exploration company which has been active in the resource sector in British Columbia and elsewhere in Canada. 

Vancouver Island Caledonia (Poly Metallic) Project, British Columbia

Surge Exploration Inc. has entered into a Property Option Agreement to acquire a 100% interest in seven (7) mineral claims known as the Caledonia, Cascade and Bluebell, subject to a NSR between 1-2%. Located in the Nanaimo Mining District of northern Vancouver Island, the claims are adjacent to the joint venture partnership between Freeport-McMoRan and Northisle Copper and Gold Inc. Under the terms of this joint venture partnership agreement, Freeport-McMoRan can earn up to a 65% with C$24 million in exploration expenditures over seven years. Freeport-McMoRan is currently one of the world's largest copper producers.

On Behalf of the Board of Directors

"Greg Reimer"
Greig Reimer, President & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward–looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward–looking. Forward–looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward–looking statements.

Surge Battery Metals Inc.
1220 – 789 West Pender Street
Vancouver, BC, Canada V6C 1H2
604- 428-5690
www.surgebatterymetals.com  
info@surgebatterymetals.com

 

View original content:http://www.prnewswire.com/news-releases/surge-battery-metals-announces-otc-symbol-change-to-nilif-and-new-website-launch-301268475.html

SOURCE Surge Battery Minerals Inc.

FAQ

What is Surge Battery Minerals' new stock symbol?

Surge Battery Minerals' new stock symbol is 'NILIF', effective immediately.

What is the purpose of the new website launched by Surge Battery Minerals?

The new website aims to improve communication with shareholders and provide information about the company's business.

How much capital does Surge Battery Minerals currently have?

Surge Battery Minerals has approximately $2.8 million in its treasury.

What is the focus of Surge Battery Minerals after the rebranding?

After rebranding, Surge Battery Minerals focuses on exploring high-value battery metals for the electric vehicle market.