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Surge Exploration Inc ( (TSE:NILI) ) has shared an announcement.
Surge Battery Metals Inc. announced that Quaternary Group Ltd. has increased its ownership stake in the company, raising its undiluted position from approximately 5.7% to about 7.8% of the issued and outstanding common shares since mid-October 2025. On a diluted basis, Quaternary’s interest has risen from roughly 11.3% to 13.3%, signaling growing institutional confidence in Surge’s Nevada-focused lithium exploration strategy and potentially strengthening the company’s shareholder base as it advances its flagship Nevada North Lithium Project.
The most recent analyst rating on (TSE:NILI) stock is a Hold with a C$0.76 price target. To see the full list of analyst forecasts on Surge Exploration Inc stock, see the TSE:NILI Stock Forecast page.
Spark’s Take on TSE:NILI Stock
According to Spark, TipRanks’ AI Analyst, TSE:NILI is a Neutral.
The score is primarily constrained by weak financial performance (no revenue, recurring losses, and ongoing cash burn), partially offset by a debt-free balance sheet. Technicals and recent corporate events are supportive (uptrend vs moving averages and positive JV/funding/drilling developments), while valuation is limited by negative earnings and no dividend.
To see Spark’s full report on TSE:NILI stock, click here.
More about Surge Exploration Inc
Surge Battery Metals Inc. is a Canadian-based mineral exploration company focused on securing domestic lithium supply through its Nevada North Lithium Project in the United States. The company is engaged in exploring for clean, high-grade lithium, a key component in electric vehicle batteries, and is listed on the TSX Venture Exchange in Canada and the OTCQX Market in the U.S., positioning it as an emerging player in the North American lithium exploration space.
Average Trading Volume: 1,270,951
Technical Sentiment Signal: Buy
Current Market Cap: C$160.3M
See more data about NILI stock on TipRanks’ Stock Analysis page.