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by Will Purcell

The critical and specialty minerals stocks box score on Friday was a positive 93-78-139 as the TSX Venture Exchange rose fractionally to 895. Graham Harris and Greg Reimer's Surge Battery Metals Inc. (NILI) jumped seven cents to 75 cents on 5.48 million shares Thursday on word that it has sold 60 million new shares at 60 cents apiece, raising $36-million. The new cash is for further development of the Nevada North lithium project in northeastern Nevada. Surge has a 70.54-per-cent interest in the project, with Australia-based Evolution Mining Ltd. owning the other 29.46-per-cent share.

Mr. Harris, Surge's chairman, was pleased: "The successful closing of our strategic financing, combined with the substantial proceeds received from warrant exercises that expired in June, has strengthened Surge's balance sheet to approximately $75-million in cash." The financing, Mr. Harris enthuses, "places the company in a very strong position" and is expected to fully finance the advancement of the Nevada North lithium project through to a construction decision.

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