VANCOUVER, BC, Oct. 26, 2021 /CNW/ -- Surge Battery Metals Inc.
(the "Company" or "Surge") (TSXV: NILI) (OTCQB: NILIF) (FRA: DJ5C)
is pleased to announce that it has entered into a Corporate
Advisory and Investment Banking Agreement with Network 1 Financial
Securities, Inc. ("Network 1") effective October 21, 2021. Network 1 is an
experienced and independent, full-service securities firm
headquartered out of Red Bank, New
Jersey. Network 1 provides capital raising, market making,
M&A, and corporate advisory services, in addition to
traditional retail and institutional brokerage services to its
clients in North America,
Asia, Australia and the UK.
Mr. Greg Reimer, Surge President
& CEO, states, "Having a well-respected and trusted corporate
advisory group like Network 1 work so closely with our management
team is sure to unlock additional long term shareholder value for
our company. Network 1 has successfully helped many similar
sized companies in the past and comes with an excellent industry
reputation. Surge has always had its sights set on a senior
US stock exchange listing, and Network 1 is engaged to advise us on
the right way to accomplish this task."
Network 1 has been retained by Surge to act as its corporate
advisor and investment banker with respect to the development of
the Company's US corporate financing and securities strategy
including advising on the structure of future US private placements
and to assist the Company with an overall up-listing strategy to a
senior North American stock exchange.
Mr. Edward Cabrera, Network 1's
Managing Director adds, "We have been following Surge and its
experienced management team for quite some time. The company
is a great example of a well run organization with valuable mineral
assets trying to address a rapidly growing market for metals
associated with the green energy industry/ electric vehicle
market. We believe that with the right guidance and support,
Surge could be a significant player in this market and will
continue to develop its valuable mineral assets in the near
future."
Working on Wall Street for 35 years with investment banks such
as Merrill Lynch, PaineWebber/UBS and Raymond James & Associates, Mr. Cabrera has
held many senior positions including investment banker, equity
analyst, market strategist and portfolio manager. Since 2003, he
has focused on providing advisory services, merger and acquisition
structuring and capital market access for middle market companies.
Prior to this, he worked at Merrill Lynch for 10 years as Managing
Director and Head of Latin America
where he built the top-ranked team for the region, according to
Greenwich Associates Survey and Latin Finance magazine polls. He
was selected to the 2000 Millennium edition of Who's Who In Finance
and has been named to the All-America team by Institutional
Investor for the quality of his work. He has an extensive technical
and educational background. He received his Bachelor of Science
from the University of Florida in
Engineering where he graduated with honors. After undergraduate, he
was hired by General Electric, where he worked in the manufacturing
operation. In 1985, he left GE and attended Harvard Business School where he graduated with an
MBA in 1987. Edward has FINRA licenses 7, 24, 63, 66, 79, 86 and
87.
About Network 1 Financial Securities,
Inc.
Founded in 1983, Network 1 Financial Securities, Inc. is a
full-service broker/dealer. Its clients include high net worth
individuals from many countries, institutional investors, managed
pension funds and hedge funds. Network 1 is committed to
servicing each client on a personal level to help meet their
individual financial goals. We believe that this commitment
strengthens client relationships and, in turn, creates long-term
associations.
Network 1's investment banking team has more than 100 years of
combined experience, and provides services including Private
Placements, PIPEs, Initial and Secondary Public Offerings, Bridge
Financing, Merger and Acquisition assistance, market making and the
ability to assist with up-listing to national exchanges.
Network 1 is committed to being a long-term, trusted advisors for
its clients.
Network 1 is a member of the Financial Industry Regulatory
Authority ("FINRA"), and the Securities Investor Protection
Corporation ("SIPC").
About Surge Battery Metals Inc.
surgebatterymetals.com
The Company is a Canadian-based mineral exploration company
active in the exploration for nickel-iron alloy and Copper in
British Columbia and lithium in
Nevada whose primary listing is on
the TSX Venture Exchange. The Company's maintains a focus on
exploration for high value battery metals required for the electric
vehicle (EV) market.
Nevada Lithium Claims
The Company owns a 100% interest in 38 mineral claims located in
Nevada. The Northern Nevada
Lithium Project is located in the Granite Range about 34 line- km
southeast of Jackpot, Nevada,
about 73 line-km north-northeast of Wells, Nevada. The target is a Thacker Pass or Clayton
Valley type lithium clay deposit in volcanic tuff and
tuffaceous sediments of the Jarbidge Rhyolite package. The project
area was first identified in public domain stream sediment
geochemical data with follow up sediment sampling and geologic
reconnaissance.
As announced on Sept 30, 2021, the
Company is also in the process of earning an undivided 80% interest
in the San Emidio Desert Lithium Project, located 60 miles North
East of Reno, Nevada from Lithium
Corporation (OTCQB: LTUM). The San Emidio Desert Lithium
Project consists of 35 mineral claims comprising a total of 2800
acres and is located in the San Emidio Desert.
Caledonia Project, Vancouver Island, BC
The Company has entered into a Property Option Agreement to
acquire a 100% interest in 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 7 km
north-west of BHP's past producing Island Copper mine. During its
prime operating period the Island Copper mine was Canada's third-largest copper producer. The
Caledonia, Cascade and Bluebell
claims area lies within a 50-kilometer-long copper belt northwest
of the Island Copper mine.
British Columbia Nickel Project
Hard Nickel 4 and Nickel 100 Claims
The Company has entered into an Option Agreement with Nickel
Rock Resources to acquire an 80% interest in 6 mineral claims in
the Mount Sidney Williams area (Hard Nickel 4) covering 1863
hectares immediately south of and adjacent to the Decar Project and
the Mitchell Range area (Nickel 100) covering 8659 hectares,
located in Northern British
Columbia. Three of the claims are subject to 2% NSR,
including the Hard Nickel 4 claim and the two southernmost claims
of the Nickel 100 claims. The acquisition is subject to final
Exchange approval.
On Behalf of the Board of Directors
"Greg Reimer"
Greg Reimer, President & CEO
604-428-5690
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
guaranteeing 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
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SOURCE Surge Battery Metals Inc.
