Surge Battery Metals Inc. (NILI) Financings
TSXV: NILI · Lithium · Advanced Exploration stage
- Market cap$220.5M
- Share price$0.670
- 52-week range$0.380 – $1.13
- Shares outstanding329,133,437
- ExchangeTSXV
- Websitewww.surgebatterymetals.com
Surge Battery Metals Inc., a Canadian-based mineral exploration company, is at the forefront of securing the supply of domestic lithium through its active engagement in the Nevada North Lithium Project. The Project focuses on development of high-grade lithium energy metals in Nevada, USA, a crucial element for powering battery electric storage and electric vehicles. With a primary listing on the TSX Venture Exchange in Canada and a listing on the OTCQX Market in the USA, Surge Battery Metals Inc. is strategically positioned as a key player in advancing lithium exploration.
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Surge Battery Metals Inc. financial statements
Key figures read from 40 of 40 financial statement filings, Nov 28, 2016 to Aug 28, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$2,693,871 | C$914,069 | C$3,328,479 | C$1,020,621 | C$3,969,954 |
| Short-term investments | C$3,000,000 | C$1,003,707 | — | — | — |
| Total current assets | C$11,803,646 | C$2,117,896* | C$6,800,432* | C$1,149,033 | C$4,313,747 |
| Total current liabilities | — | — | — | C$199,683 | C$263,481 |
| Working capital | — | — | — | C$949,350 | C$4,050,266 |
| Exploration and evaluation assets | C$910,793 | C$10,144,173 | C$9,700,672 | C$3,478,195 | C$1,753,109 |
| Total assets | C$17,612,522 | C$12,262,069 | C$16,501,104 | C$4,627,228 | C$6,066,856 |
| Shareholders' equity | C$17,413,678 | C$11,862,945 | C$16,299,304 | C$4,427,545 | C$5,803,375 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | — | — | — | — | C$44,044 |
| General and administrative | C$1,605,237 | C$1,665,744 | C$1,607,469 | C$558,476 | C$497,597 |
| Share-based compensation | C$3,101,876 | C$4,457,996 | C$5,656,864 | C$282,879 | C$1,298,077 |
| Impairments and write-downs | C$0 | C$13,354 | C$0 | C$1,077 | C$66,110 |
| Net income (loss) | (C$6,655,717) | (C$9,846,355) | (C$8,929,486) | (C$2,972,814) | (C$2,153,331) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$3,672,557) | (C$2,746,705) | (C$3,638,145)* | (C$2,062,077)* | (C$2,044,281) |
| Investing cash flow | (C$3,352,215) | (C$619,705) | (C$6,783,878)* | (C$1,571,701)* | C$414,394 |
| Financing cash flow | C$8,804,574 | C$952,000 | C$12,729,881* | C$684,445* | C$5,593,215 |
| Exploration spending (capitalized) | — | — | — | — | (C$383,694) |
| Proceeds from share issues | C$0 | C$0 | (C$106,571) | C$0 | C$5,593,215 |
| Change in cash | C$1,779,802 | (C$2,414,410) | C$2,307,858 | (C$2,949,333) | C$3,963,328 |
| Cash at end of period | C$2,693,871 | C$914,069 | C$3,328,479 | C$1,020,621 | C$3,969,954 |
* Calculated from the statement's own lines: the company did not print this total with a label.
No financings are on record for Surge Battery Metals Inc. yet.