JV LOI For The Nevada North Lithium Project

VANCOUVER – Surge Battery Metals Inc. has entered into a non-binding letter of intent (LOI) with Evolution Mining Limited, pursuant to which the parties will form a Joint Venture (JV) for the purpose of continuing the development of the Nevada North Lithium Project (NNLP). The initial focus of the JV will be facilitating the completion of a Preliminary Feasibility Study (PFS) for the purpose of evaluating the potential for the proposed development of the NNLP. The LOI contemplates that the entering into of a binding Joint Venture Agreement (JVA) is conditional upon each party completing its respective due diligence investigations, each party obtaining their necessary regulatory and corporate approvals and the completion by Surge of an equity financing.