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Saturday, November 25, 2023 12:45:49 PM
Grid Battery Metals (OTCQB: EVKRF) (TSXV: CELL) received a total of six million shares of Surge Battery Metals (OTCQX: NILIF) (TSXV: NILI) as part of a transaction that involved the sale of some non-core nickel assets to Surge and formally closed on June 14, 2023. The company intends to sell these shares over time to bolster its cash position and will continue to disclose the value of the remaining equity holdings on its balance sheet each fiscal quarter. At the October 3, 2023 close of the market, Surge shares were valued at CAD$0.98/share on the TSXV.
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