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Surge Exploration Inc
(NILI)
Surge Exploration Inc (NILI) vs. iShares MSCI Canada ETF (EWC)
Surge Exploration Inc Business Overview & Revenue Model
Surge Exploration Inc Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -6.16M | -9.85M | -8.52M | -2.23M | -2.15M | -280.72K |
| Net Income | -8.48M | -9.85M | -8.93M | -2.97M | -2.15M | -382.63K |
Balance Sheet | ||||||
| Total Assets | 13.77M | 12.26M | 16.50M | 4.63M | 6.07M | 270.74K |
| Cash, Cash Equivalents and Short-Term Investments | 2.55M | 1.92M | 6.37M | 1.02M | 3.97M | 206.63K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 266.27K | 399.12K | 201.80K | 199.68K | 263.48K | 346.42K |
| Stockholders Equity | 13.50M | 11.86M | 16.30M | 4.43M | 5.80M | -75.68K |
Cash Flow | ||||||
| Free Cash Flow | -2.81M | -2.75M | -3.64M | -3.63M | -2.43M | -159.42K |
| Operating Cash Flow | -2.81M | -2.75M | -3.64M | -2.06M | -2.04M | -159.42K |
| Investing Cash Flow | -2.53M | -619.71K | -6.78M | -1.57M | 414.39K | 61.56K |
| Financing Cash Flow | 3.10M | 952.00K | 12.73M | 684.45K | 5.59M | 0.00 |
Surge Exploration Inc Technical Analysis
Surge Exploration Inc Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | C$176.12M | -20.89 | -52.53% | ― | ― | 19.92% | |
53 Neutral | C$207.25M | -67.42 | -4.43% | ― | ― | -18.67% | |
52 Neutral | C$114.95M | -11.14 | -120.57% | ― | ― | -89.71% | |
50 Neutral | C$148.41M | -62.32 | -4.06% | ― | ― | 54.00% | |
48 Neutral | C$124.86M | -36.13 | -4.33% | ― | ― | 10.13% | |
42 Neutral | C$202.62M | -13.83 | -46.38% | ― | ― | 19.55% |
Surge Exploration Inc Corporate Events
Surge Battery Metals’ joint venture vehicle, Nevada North Lithium LLC, has appointed former Nissan and Ford battery raw materials strategist Steffen Ball as Vice President, Commercial Development to lead commercial strategy and forge strategic partnerships aimed at moving the Nevada North Lithium Project toward production. The company also granted 500,000 stock options to directors, officers and consultants, as it advances a project that already hosts a sizeable inferred lithium resource with positive preliminary economic metrics, reinforcing its ambitions to become a significant supplier to the electric vehicle and energy storage sectors.
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.
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.
Surge Battery Metals Inc. announced that its joint venture with Evolution Mining Limited, Nevada North Lithium LLC, has received an initial funding of CA$3,000,000 from Evolution. This funding increases Evolution’s ownership in the joint venture to 25.85%, with Surge Battery Metals USA Inc. retaining a 74.15% stake. This development strengthens Surge’s position in the lithium exploration industry, potentially enhancing its operations and market influence in the electric vehicle sector.
The most recent analyst rating on (TSE:NILI) stock is a Buy with a C$0.70 price target. To see the full list of analyst forecasts on Surge Exploration Inc stock, see the TSE:NILI Stock Forecast page.
Surge Battery Metals Inc. has entered into a joint venture with Evolution Mining Limited to advance the Nevada North Lithium Project. This partnership involves a contribution of assets from both parties and aims to complete a Preliminary Feasibility Study to evaluate the project’s development potential. Surge initially holds a 77% stake in the joint venture, with Evolution funding up to CAD$10 million for additional ownership interests. The joint venture will be governed by an operating committee, with Surge acting as the general manager, ensuring strategic decisions require a super-majority approval.
The most recent analyst rating on (TSE:NILI) stock is a Buy with a C$0.70 price target. To see the full list of analyst forecasts on Surge Exploration Inc stock, see the TSE:NILI Stock Forecast page.
Surge Battery Metals Inc. has finalized the terms of a joint venture with Evolution Mining Limited to further develop the Nevada North Lithium Project. This collaboration aims to enhance the project’s development, potentially increasing its resource base and economic value, which could strengthen Surge’s position in the lithium market.
The most recent analyst rating on (TSE:NILI) stock is a Buy with a C$0.70 price target. To see the full list of analyst forecasts on Surge Exploration Inc stock, see the TSE:NILI Stock Forecast page.
Surge Battery Metals Inc. has announced an update on its proposed joint venture with Evolution Mining Limited, which has received conditional approval from the TSX Venture Exchange. This collaboration aims to enhance Surge’s lithium exploration efforts in Nevada, potentially strengthening its market position and offering significant resource expansion opportunities.
The most recent analyst rating on (TSE:NILI) stock is a Buy with a C$0.70 price target. To see the full list of analyst forecasts on Surge Exploration Inc stock, see the TSE:NILI Stock Forecast page.
Surge Battery Metals Inc. has successfully completed its 2025 infill drilling program at the Nevada North Lithium Project, achieving significant milestones in resource development. The program, which included nine drill holes, consistently intersected thick zones of high-potential lithium claystone, providing critical data for upgrading the mineral resource classification and supporting a pre-feasibility study. The results suggest potential for resource expansion and highlight the deposit’s favorable geometry for low-cost extraction, reinforcing Surge’s strategic positioning in the lithium market.
The most recent analyst rating on (TSE:NILI) stock is a Buy with a C$0.70 price target. To see the full list of analyst forecasts on Surge Exploration Inc stock, see the TSE:NILI Stock Forecast page.
Surge Battery Metals Inc. has made significant progress in its 2025 drilling program at the Nevada North Lithium Project, with 80% completion and promising initial observations. The company is strategically leveraging U.S. federal policies to enhance its position in the domestic battery supply chain, supported by its engagement with Cassidy & Associates for policy navigation and advocacy. The recently completed Preliminary Economic Assessment highlights the project’s strong economic potential, with a notable after-tax NPV and IRR, and plans for a two-phase lithium plant construction. Additionally, Surge has partnered with New Era Publishing for marketing and investor awareness to bolster its market presence.
The most recent analyst rating on (TSE:NILI) stock is a Buy with a C$0.70 price target. To see the full list of analyst forecasts on Surge Exploration Inc stock, see the TSE:NILI Stock Forecast page.
Surge Battery Metals Inc. has successfully closed a non-brokered private placement financing, raising $500,000 through the issuance of 1,851,852 units. The Quaternary Group Ltd. has become a significant shareholder, holding approximately 11.3% of the company’s outstanding shares on a diluted basis. This investment is seen as a strong vote of confidence in Surge’s projects and future growth strategy, particularly in advancing the Nevada North Lithium Project, which is positioned to play a critical role in the energy-intensive AI economy.
The most recent analyst rating on (TSE:NILI) stock is a Buy with a C$0.70 price target. To see the full list of analyst forecasts on Surge Exploration Inc stock, see the TSE:NILI Stock Forecast page.
Surge Battery Metals Inc. announced a non-brokered private placement of 1,851,852 units at $0.27 per unit, aiming to raise $500,000 for general working capital. This financing move supports the company’s operations and strengthens its position in the lithium exploration industry, crucial for advancing the electric vehicle sector.
The most recent analyst rating on (TSE:NILI) stock is a Buy with a C$0.70 price target. To see the full list of analyst forecasts on Surge Exploration Inc stock, see the TSE:NILI Stock Forecast page.
Surge Battery Metals Inc. has successfully closed a fully subscribed non-brokered private placement offering, raising $5 million through the issuance of 20 million units. The proceeds will be used for general working capital and to advance the Nevada North Lithium Project to the pre-feasibility and bankable feasibility study stages. This strategic move enhances Surge’s operational capabilities and strengthens its position in the lithium exploration industry, potentially benefiting stakeholders by advancing the development of a critical resource for electric vehicles.
The most recent analyst rating on (TSE:NILI) stock is a Buy with a C$0.70 price target. To see the full list of analyst forecasts on Surge Exploration Inc stock, see the TSE:NILI Stock Forecast page.
Surge Battery Metals Inc. announced a clarification regarding its previously disclosed non-brokered private placement offering, known as the LIFE Offering, which aims to raise $5 million through the sale of 20 million units. Each unit consists of one common share and a warrant, with the proceeds intended to support the company’s commitments, including a potential joint venture with Evolution Mining Limited on the Nevada North Lithium Project. However, the LIFE Offering is not contingent upon the joint venture’s formation, and the company has outlined alternative uses for the funds if the joint venture does not materialize.
The most recent analyst rating on (TSE:NILI) stock is a Buy with a C$0.70 price target. To see the full list of analyst forecasts on Surge Exploration Inc stock, see the TSE:NILI Stock Forecast page.