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Surge Battery Metals

NILI.V
Industrial Materials · Basic Materials
Price
C$0.92
+0.04 (+3.98%)
Market Cap
C$229.8M
Exchange
Toronto Stock Exchange Ventures
Winston Score
Winston looking sleepy
No score yet — Winston is napping.
We couldn’t gather enough financial data to score this stock reliably.

Share count rising — dilution

+165.5% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 67.1M (2021) → 178.0M (2025)

Surge Battery Metals Inc. is a mineral exploration company dedicated to acquiring, exploring, and developing resource properties across North America. The firm's strategic focus encompasses a diverse array of metals, including gold, copper, lead, zinc, silver, cobalt, nickel, and various other precious commodities. Its asset portfolio includes: An option to secure a 60% stake in two significant cobalt properties located in Ontario, Canada: the Teledyne Cobalt property and the Glencore Bucke Cobalt property. An interest in the Nevada North lithium project, which comprises 154 mineral claims spanning approximately 794 hectares. An option to obtain full ownership (100%) of the Quatse Lake property in British Columbia, covering 1,786 hectares across four mineral claims. An 80% interest in the San Emidio Desert Lithium project, situated northeast of Reno, Nevada, consisting of 35 mineral claims over 2,800 acres. An 80% interest in a separate nickel project, also located in British Columbia. Initially incorporated in 1987 as Copper Creek Gold Corp., the company underwent a name change to Surge Exploration Inc. in April 2018 before adopting its current identity as Surge Battery Metals Inc. The company's corporate headquarters are based in Vancouver, Canada.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

Revenue data limited

EPS Growth

-207.7% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

Research and development spending

Cash Runway

~5 years

$41M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

$41M cash & investments at current burn rate

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin
N/A
Data not available
Operating Margin
N/A
Data not available
ROCE
-11.3%
Weak — -11.3% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY
N/A
Data not available
EPS YoY
N/A
Data not available
EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
N/A
Data not available

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Stability

Debt / Equity
N/A
Data not available
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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