Surge Battery Metals Inc. (NILIF,NILI.V) provided an update regarding its previously announced proposed joint venture with Evolution Mining Limited.
Surge and Evolution continue to work closely together to finalize the necessary documentation and engage with relevant third parties, with the intention of formally establishing the joint venture in the near term.
Surge Battery Metals said that the TSX Venture Exchange has granted conditional approval for the transaction. This approval is subject only to customary closing conditions, marking an important step forward in completing the joint venture.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.