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by Will Purcell

The critical and specialty minerals stocks box score on Friday was a positive 99-89-122 as the TSX Venture Exchange rose four points to 1,091. Graham Harris and Greg Reimer's Surge Battery Metals Inc. (NILI) jumped three cents to 88.5 cents on 3.47 million shares Thursday, then ended the week with a two-cent drop, closing at 86 cents on 4.87 million shares. The falls follow word that the $15-million placement revealed yesterday is now a $20-million placement of 22.22 million 90-cent shares and a concurrent sale of 5.56 million shares, also at 90 cents, which will bring the full placement to $25-million.

Mr. Harris, chairman, picked up the corporate pompoms, cheering the financing expansion as reflecting "exceptionally strong investor demand and growing confidence in the quality and scale of the Nevada North lithium project." The financing, he enthuses, "significantly strengthens our balance sheet and provides the capital required to aggressively advance both our preliminary and definitive feasibility work," concluding that he and his crew believe Surge is entering a pivotal phase of development, and the financing will position the company to carry on with its strategy of building a leading domestic lithium platform in Nevada.

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