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28
NiNickel
29 3
Cu Copper
Li
Lithium
Exploring For & Developing Clean Energy Metals
to Drive Tomorrow’s Electric Vehicles
TSXV:NILI | OTCQB:NILIF © Surge Battery Metals Inc. – Confidential & Proprietary – Do not distribute Investor Presentation: August 2021
June 2021 | 1
DISCLAIMER
Surge Battery Metals Inc. (“Surge Battery Metals” or “the Company”), has taken all reasonable care in producing and publishing information contained in this
presentation, and will endeavor to do so regularly. Material in this presentation may still contain technical or other inaccuracies, omissions, or typographical
errors, for which the Company assumes no responsibility. Surge Battery Metals does not warrant or make any representations regarding the use, validity,
accuracy, completeness or reliability of any claims, statements or information in this presentation. Under no circumstances, including, but not limited to,
negligence, shall Surge Battery Metals be liable for any direct, indirect, special, incidental, consequential, or other damages, including but not limited to, loss
of programs, loss of data, loss of use of computer of other systems, or loss of profits, whether or not advised of the possibility of damage, arising from your
use, or inability to use, the material in this presentation. The information is not a substitute for independent professional advice before making any
investment decisions. Furthermore, you may not modify or reproduce in any form, electronic or otherwise, any information, images and maps in this
presentation, unless you have obtained written permission from the management of Surge Battery Metals.
No securities commission or other regulatory authority has in any way reviewed the information in this presentation and Surge Battery Metals makes no
representation or warranty to that effect.
Forward-Looking Statements
This presentation contains forward-looking statements, including but not limited to comments regarding predictions and projections. Forward-looking
statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those
currently anticipated in such statements. While Surge Battery Metals has taken reasonable care to ensure that information presented in this presentation is
current, the Company expressly disclaims any responsibility to update or revise any forward-looking statements whether as a result of new information,
future events or otherwise.
Third Party Links
Surge Battery Metals has provided links and/or URLs in this presentation to several other websites which are arms-length to the Company. The viewer
should be aware that in linking to these outside websites, they are leaving the Surge Battery Metals presentation and that the Company is not responsible
for the content of any other website.
Qualified Persons
Alan Morris, CPG, is the QP who has reviewed the technical contents of this presentation with respect to the Nevada Lithium claims. Joe Shearer, P. Eng, is
the QP who has reviewed the technical contents of this presentation with respect to the Caledonia Copper Project. Jeremy Hanson, P.Eng is the QP who has
reviewed the technical contents of this presentation with respect to the Nickel Project. Qualified Persons are defined in National Instrument 43-101 and
based on standards established by the Canadian Institute of Mining, Metallurgy and Petroleum (CIM).
© Surge Battery Metals Inc. – Confidential & Proprietary – Do not distribute June 2021 | 2
FUNDED & GROWING COMPANY
Surge Battery Metals Fully Funded
Inc. is a Canadian Low carbon world
based exploration • $4.3M CAD in treasury from financings in 2021 needs $1.7 trillion
company focused on • Fully funded for 2021 corporate plans in mining
locating & developing investment
• Conversion of warrants from recently completed Unit
high value deposits of May 10, 2021
offering could add another $1.3M CAD
clean energy battery
metals that are vital to
the rapidly growing
electric vehicle (EV) Actively Growing Shareholder Value
market.
• Targeting battery metals with rapid demand growth
• Developing copper and nickel projects in BC
• Developing lithium project in Nevada
© Surge Battery Metals Inc. – Confidential & Proprietary – Do not distribute June 2021 | 3
ESG MANDATED
The Rise of
EVs displace 1M+
As an ESG barrels per day.
ESG-Mandated
(Environmental, Social Reducing Investing
and Corporate Oil By 2050, EVs and fuel
cell vehicles are
Governance) mandated Demand expected to displace Professionally Managed
company, we’re 21M barrels per day.1 Assets in US$ Trillions
focused on battery
$70
metals that will ESG-mandated assets to
advance the adoption grow almost 3x as fast as
$60
non-ESG-mandated assets
of electric vehicles If almost all road to hit 50% by 2025.3
$50
(EVs) to create a Less transport was fully
cleaner world while Electricity electrified by 2050, it $40
building new Than Expected would only add 25% to
industries. global electricity $30
demand.1
$20
$10
Testing shows mining $0
tailings can capture 2012 2014 2016 2018 2025p
Carbon- significant CO2.
Neutral This natural process is
ESG-mandated non-ESG-mandated
Opportunities expected to enable Source: US SIF Foundation data through 2018; Deloitte Center for
Financial Services analysis through 2025
carbon-neutral nickel
mining operations.2
1. https://about.bnef.com/electric-vehicle-outlook/; 2. https://fpxnickel.com/2021/06/fpx-nickel-reports-expanded-field-tests-demonstrating-the-baptiste-deposit-has-unique-potential-to-
become-the-nickel-industrys-first-large-scale-carbon-neutral-operation/; 3. https://www2.deloitte.com/us/en/insights/industry/financial-services/esg-investing-performance.html
© Surge Battery Metals Inc. – Confidential & Proprietary – Do not distribute June 2021 | 4
PROVEN TEAM
Our team has the Greg Reimer, President & CEO Gordon Jung, Director
know-how to grow the Former Executive VP of BC Hydro’s 35+ years in business operations, including
Transmission & Distribution business group, marketing and product development for major
Company rapidly and
accountable for combined budgets of over food chain Overwaitea Food Group. Specializes
sustainably, from $900M. Left BC Hydro to pursue work in in strategic planning, driving revenues, and
business building to the green energy field. improving competitive market position.
strategy, marketing,
capital markets and
administration.
Robert Culbert, Director Tina Whyte, Corporate Secretary
Professional engineer with 30+ years of 20+ years’ experience: corporate
international project experience. Former governance, continuous disclosure,
president of a land resource and financing transactions, regulatory filings and
environmental consultancy. Has served as compliance. Corporate secretary with other
director of several junior resource companies. publicly listed companies.
Konstantin Lichtenwald, CFO
Chartered Professional Accountant (CPA, CGA)
and co-founder of corporate finance firm Zeus
Capital Ltd. Worked for Ernst & Young GmbH,
Germany. Specializes in corporate finance,
valuation, taxation and financial reporting.
© Surge Battery Metals Inc. – Confidential & Proprietary – Do not distribute June 2021 | 5
EXPERIENCED ADVISORS
Our advisors give us Bill Macdonald, Legal Advisor Chip Richardson, Strategic Advisor
the advantages of Founder and principal of Macdonald Life-long banker. Assistant VP, Investments for
Tuskey, Corporate and Securities Lawyers. Wedbush Securities. Upon earning B.Sc.
expertise in resource Former partner with Clark Wilson LLP. Economics, was hired as Financial Advisor by
finding & development, Director of several energy and mining Dean Witter Securities, now Morgan Stanley.
and successfully companies. Worked at Paine Webber, now UBS.
navigating regulations
and international
projects.
Bill Morton, MSc. P.Geo., Geological Advisor Ali H. Alizadeh, Geological Advisor
40+ years in mining and geoscience. Nearly 20 Senior geologist with extensive experience in
years in senior management for publicly traded exploration and project management.
resource companies. Past involvement with major Responsible for a number of Uranium, Gold and
metal exploration projects across Canada, the US Base Metal exploration projects during his
and Mexico. career.
Alan Morris, CPG, Geological Advisor Jacques Houle, P.Eng., Geological Advisor
Certified Professional Geologist with 37+ years 42 years of experience in exploration and
in minerals industry. Experience with lithium mining industry, including 13 years at
brine deposits in Nevada. Owner of Ruby management level, 5 years U/G mine geology,
Mountain GIS (property evaluations and 3 years with government, and 17 years as an
acquisitions). independent consultant and QP.
© Surge Battery Metals Inc. – Confidential & Proprietary – Do not distribute June 2021 | 6
EXPERIENCED ADVISORS
Our advisors give us Jeremy Hanson, P.Eng. Geological Advisor
the advantages of Over a decade of experience in mineral
expertise in resource exploration throughout Canada. Broad
geological knowledge with experience in
finding & development, magmatic Ni-Cu, porphyries, epithermal, lode
and successfully gold, and VMS deposits.
navigating regulations
and international
projects.
© Surge Battery Metals Inc. – Confidential & Proprietary – Do not distribute June 2021 | 7EVs DRIVING BATTERY METALS DEMAND
89% 40+%
Global Number of EVs:
The Last 10 Years
Electric vehicles (EVs) in millions
represent a $7 trillion
global market How much lithium-ion Percentage that 10m
opportunity between battery prices fell from EV sales rose in 8m 600x
2010 to 2020, making 2020 YoY, breaking
today and 2030 and 6m
$46 trillion between
EVs more affordable2 all records3 Increase
4m
now and 2050.1
2m
15x 20+
0m
Surge Battery Metals 2010 2012
2012 2014 2016 2018
2018 2020
is strategically Source: International Energy Agency
targeting the EV
How much Countries fully
market’s near-term &
EV battery demand phasing out fossil Global Number of EVs:
long-term demand to nearly increases by fuel cars over the The Next 20 Years
create shareholder 20302 next 10-30 years3 in millions
value. 600m
500m
18 of 20 #
400m
60x
300m Increase
200m
Number of world’s top Number of top auto 100m
auto makers planning makers securing direct 0m
to rapidly scale up EV access to raw materials 2020 2030 2040
production1 for EVs4 Source: BloombergNEF
1. https://www.mining.com/ev-sales-expected-to-rise-by-2040-push-battery-metals-demand-report/; 2. https://about.bnef.com/electric-vehicle-outlook/; 3. https://www.iea.org/reports/global-
ev-outlook-2021/policies-to-promote-electric-vehicle-deployment#abstract; 4. https://www.mining.com/web/volkswagen-seeks-partners-for-battery-materials-race/
© Surge Battery Metals Inc. – Confidential & Proprietary – Do not distribute June 2021 | 8STRATEGIC BATTERY METAL TARGETS
29
We only target battery
Cu Copper $5.00
Copper Price – 5 Years
USD/lb
metals that have rapid
EVs Driving Rapid Demand Growth $4.00
$3.00
demand growth Forecast: 2019 vs 2030 $2.00
forecasts and that are
$1.00
$0.00
positioned to
2017 2018 2019 2020 2021
14x
Source: Mining.com
outperform in the
market.
10x 28
9x
NiNickel $10.00
Nickel Price – 5 Years
USD/lb
$8.00
$6.00
$4.00
$2.00
$0.00
2017 2018 2019 2020 2021
Source: Mining.com
3
Lithium
Copper
Iron
Nickel
Cobalt
Aluminum
Graphite
Manganese
Phosphorus
Li
Lithium $300
Lithium Price – 5 Years
USD/Mt
$250
$200
$150
Source: BloombergNEF
$100
2017 2018 2019 2020 2021
Source: BNNBLoomberg.com (Lithium Price Index)
© Surge Battery Metals Inc. – Confidential & Proprietary – Do not distribute June 2021 | 9ESSENTIAL & DOMESTIC BATTERY METALS
Copper, Nickel and • Provides high conductivity
Lithium are the Copper
backbone of leading- 8% • Resistant to pressure & corrosion
edge battery Iron
• Also used in EV motors, wiring
9%
technologies while and charging stations1
representing the best Steel
13%
opportunities to create Cobalt
secure, domestic 6%
supply solutions for Typical
North American auto EV Battery • Provides higher energy density
makers and battery Breakdown Nickel
manufacturers. Graphite by Weight Manganese 5% • Lowers energy storage cost
15% 5%
• Enables longer drive ranges2
Polyester
3%
Aluminum Other
16% 8%
Source: USB estimates • Lithium-ion batteries have one
Lithium of the highest energy densities
2% • Comparatively low maintenance
• No memory effect3
1. https://www.visualcapitalist.com/copper-critical-today-tomorrow-and-forever/‘ 2. NickelInstitute.org; 3. https://www.cei.washington.edu/education/science-of-solar/battery-technology/
© Surge Battery Metals Inc. – Confidential & Proprietary – Do not distribute June 2021 | 10EXPLORATION REGION #1: BRITISH COLUMBIA
British Columbia has
the world’s largest Mining-Friendly Regulations
concentration of
exploration companies
and mining Stable Political Environment
professionals for
excellent reasons.1
Carbon Neutral Hydro Electricity
Eco-Friendly Rail Lines
Close to most mining districts
Top-Ranked Mining Jurisdiction
Ranked 3rd best in the world by The Mining Journal (2017)
Respect For Indigenous People
Harmonious working relationship with & largest private
sector employer of Indigenous people in Canada2
1. https://www.britishcolumbia.ca/invest/industry-sectors/mining/; 2. https://www.mining.bc.ca/indigenous-relations
© Surge Battery Metals Inc. – Confidential & Proprietary – Do not distribute June 2021 | 11COPPER PROJECT: CALEDONIA
Our Caledonia Copper Location: Northern Vancouver Island, BC, Canada
Project is adjacent to a Region: Nanaimo Mining District
Freeport-McMoRan JV Claims: 7 mineral claims in 1 group
partnership and is Total Area: 1,741 hectares (4,302 acres)
7 km (4.4 mi) from Interest: 100%
Royalties: 2% NSR
BHP’s past producing
Geology: Lies within a 50-km-long (31-mi-long) copper
Island Copper Mine,
belt northwest of the Island Copper Mine
formerly Canada’s
third-largest copper Transportation: Airport at nearby Port Hardy, a main
producer (extracted 345 distribution center
million metric tonnes @ 0.41% Infrastructure:
copper).
• Good access by network of logging roads
• Powerline connecting one of BC’s largest wind farms
Metallurgical testing to the main power grid passes immediately north of
indicates flotation the project
gives high recovery • Marine load out structure & hydro power line 7 km
rates for Copper and (4.4 mi) to southeast at reclaimed Island Copper
Mine Exploration Plans: Detailed exploration program
Silver (J.T Shearer P. Geol
currently being planned for 2021.
report 2013). Property History:
• 0.9 tonnes ore shipped in 1929 grading 514.2 g/t Silver & 7.3% Copper1
• Chip sample in 1926 across 1.8m assayed trace gold, 418.2 g/t Silver & 2.0% Copper2
• Historical estimate by Cominco: possible reserves of 68,000 tonnes grading 0.34 g/mt Gold,
704.2 g/mt Silver & 6.1% Copper3
• Trenching samples in 2007 returned values including 581.7 g/mt Silver (16.97 oz/t) &
4.42% Copper4
1. Malcolm, 1969; 2. Minister of Mines Annual Report 1926; 3. George Cross News Letter #221, 1981; Statement of
Material Facts July 5, 1972 – North Island Mines Ltd., D.C. Malcolm, April 24, 1972; 4. J.T Shearer P. Geol report 2013
© Surge Battery Metals Inc. – Confidential & Proprietary – Do not distribute June 2021 | 12NICKEL PROJECT: HARD NICKEL & NICKEL 100 GROUPS
The Hard Nickel Location: Central BC, Canada
Group’s exploration Claims: 7 claim blocks in 1 group [Hard Nickel] & 5 claim blocks in 1
targets are bordering group [Nickel 100]
or in close proximity to Total Area: 6,900.82 hectares (~17,052 acres) [Hard Nickel] & 8,659.88
FPX Nickel Corp.’s hectares (~21,399 acres) [Nickel 100]
JV Interest: Option to earn 80% (with 20% held by Nickel Rock
Decar Project where
Resources)
their potentially
Royalties: 2% NSR
carbon neutral
Geology: The Hard Nickel Group claims are partially underlain by rocks
Baptiste deposit has like those hosting the Decar Project, in which FPX has invested ~$25M
recently been to explore & develop to date
confirmed as one of
the world’s most Nearby Center: ~100-130 km (~62-81 miles) NW of Fort St. James
robust large-scale Infrastructure:
nickel projects. • Good access by paved and gravel roads & helicopter
• Hydroelectric power lines cross the region
• Inactive CNR rail line short distance to east [Hard Nickel] & BC Rail
The Nickel 100 Group
line ~12 km to south [Nickel 100]
has confirmed Exploration Plans:
elevated values of Property History – Hard Nickel Group: • Proposed work program for 2021 includes prospecting,
nickel, cobalt and • Nickel Rock Resources prepared & filed NI 43-101 Technical Report geological mapping, rock and soil sampling, trenching &
(Jan. 21, 2021) diamond drill program [Hard Nickel]
chromium in rocks and
• Metallic mineralization includes nickel, cobalt and chromium
stream sediments, and • Some nickel mineralization occurs as awaruite, a naturally occurring • Exploration program was awarded to Hardline Exploration
documented presence nickel-iron alloy first discovered in the area in 1983; awaruite is on April 26, 2021 [Hard Nickel]
of awaruite. important in the manufacture of environmentally-friendly EV batteries
• Reports of exploration on and around the property are available
dating back to 1974
© Surge Battery Metals Inc. – Confidential & Proprietary – Do not distribute June 2021 | 13EXPLORATION REGION #2: NEVADA
The world-class
mining region of Mining-Friendly Regulations
Nevada is home to
America’s only current
lithium production and Stable Political Environment
one of the country’s
largest lithium
deposits while being Li Producing Lithium Since 1966
Lithium
ideally positioned to
supply domestic and
Asian markets. Eco-Friendly Rail Lines
1,770+ km (1,100+ miles)
Top-Ranked Mining Jurisdiction
Ranked 3rd best in the world by The Fraser Institute (2019)
Effective and Successful Reclamation
Strong ethic toward restoring mined land to a natural or
economically usable state1
Local Demand Scaling Up
Tesla’s production target is 20M cars by 20302
1. https://www.blm.gov/programs/energy-and-minerals/mining-and-minerals/about/Nevada; 2. https://www.ft.com/content/b13f316f-ed85-4c5f-b1cf-61b45814b4ee
© Surge Battery Metals Inc. – Confidential & Proprietary – Do not distribute June 2021 | 14LITHIUM PROJECT: NORTHERN NEVADA LITHIUM PROJECT
Our very early-stage Location: Elko County, Nevada, USA
Northern Nevada Region: Granite Range
Lithium Project’s Claims: 38 mineral claims in 1 group
target is a lithium clay Interest: 100%
deposit of the type of Royalties: 1% NSR
Geology: Mapping has identified regional rocks as being
Lithium America’s
of similar age & composition as the McDermitt Tuff that
Thacker Pass – one of
hosts Lithium America’s Thacker Pass lithium deposit, one
America’s largest
of America’s largest
lithium deposits – or
Nevada’s Clayton Transportation: Property access by ~32 km (~20 mi) of
Valley, home to county-maintained gravel roads & ~5 km (~3 mi) of local
America’s only current roads
lithium production. Infrastructure: Major power line ~13 km (~8 mi) to the
east
We will strategically
Property History:
expand our land • Immediate project area has not been the subject of
position through an modern detailed geologic mapping or age dating Exploration Plans:
additional staking • Limited stream sediment and rock chip sampling • Grid soil survey & geologic mapping to identify favorable
program targeting accomplished to date show strong initial lithium horizons for drill testing
known sedimentary readings • Geologic & exploration work to identify source beds of
• Sediment samples include 1,980 ppm and 1,540 anomalous sediments
horizons with potential
ppm lithium1
for lithium bearing clay • Rock chip samples include up to 367 ppm lithium
deposits. though not being collected in the anomalous
drainages1
1. https://www.newswire.ca/news-releases/surge-battery-metals-targets-new-lithium-clay-deposits-in-nevada-847883883.html
© Surge Battery Metals Inc. – Confidential & Proprietary – Do not distribute June 2021 | 15SHARE STRUCTURE & PERFORMANCE
Share Structure Share Performance*
Issued & Outstanding: 78,620,716 Market Cap: $12.42M
Shares to be Issued on Price: $0.23
Exchange approval of Nickel 5,000,000
Property Transaction 52-Week Low: $0.06
Stock Options Outstanding: 5,003,000 52-Week High: $0.28
Warrants Outstanding: 16,345,833 Average Volume: 29,570
*TSXV:NILI as of July 29, 2021
Fully Diluted: 104,969,549
Transfer Agent Auditor Legal
Odyssey Trust Company DMCL Chartered Professional Accountants William M. McDonald Attorney,
835-409 Granville Street Suite 2700-650 West Georgia Street Barrister & Solicitor
Vancouver BC, Canada V6C 1T2 Vancouver BC, Canada V6B 4N9 Suite 400-570 Granville Street
Vancouver BC, Canada V6C 3P1
© Surge Battery Metals Inc. – Confidential & Proprietary – Do not distribute June 2021 | 16BRIGHT FUTURE FOR BATTERY METALS
“The outlook for EV adoption “BloombergNEF (BNEF) “Around 90% of battery “Battery-related metals such
is getting much brighter, due forecasts global sales of zero- demand will come from as nickel, copper, and lithium
to a combination of more emission cars rising from 4% electric vehicles (EVs) over the are expected to see their EV-
policy support, further of the market in 2020 to next two decades.”3 related demand surge in the
improvements in battery 70% by 2040.”2 coming years.”4
density and cost, more
charging infrastructure being
built, and rising commitments
from automakers.”1
1. https://about.bnef.com/electric-vehicle-outlook/; 2. https://www.mining.com/ev-sales-expected-to-rise-by-2040-push-battery-metals-demand-report/; 3. https://www.forbes.com/sites/woodmackenzie/2021/02/18/future-
energy--how-electric-vehicles-transform-battery-demand/; 4. https://www.visualcapitalist.com/tag/electric-vehicles/
© Surge Battery Metals Inc. – Confidential & Proprietary – Do not distribute June 2021 | 17WHY INVEST IN SURGE BATTERY METALS
Upcoming Catalysts: ongoing news flow from 2021
exploration programs
Fully Funded: $4.3M CAD in treasury & $1.3M expected from warrants
ESG Mandated: Committed to creating a cleaner world & transportation
Proven Team & Advisors: Business building, capital markets & resource projects
Near and Long-Term Demand: Increasing EV adoption driving growing need for
domestic battery metals supplies
World-Class Regions: BC & Nevada are top-ranked mining jurisdictions
Growing Shareholder Value: Developing portfolio of 3 battery metals projects
© Surge Battery Metals Inc. – Confidential & Proprietary – Do not distribute June 2021 | 1828
NiNickel
29 3
Cu Copper
Li
Lithium
778-945-2656
info@surgebatterymetals.com
Exploring For & Developing Clean Energy Metals www.surgebatterymetals.com
to Drive Tomorrow’s Electric Vehicles #1220-789 West Pender Street
Vancouver BC
Canada V6C 1H2
TSXV:NILI | OTCQB:NILIF © Surge Battery Metals Inc. – Confidential & Proprietary – Do not distribute June 2021 | 19You can also read
