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Surge Battery Metals

NILI.V
Industrial Materials · Basic Materials
Exchange
Toronto Stock Exchange Ventures
Winston Score
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We couldn’t gather enough financial data to score this stock reliably.

Winston Score History

The full picture

Surge Battery Metals Inc. is a Canadian mineral exploration company focused on finding and developing nickel deposits. Nickel is a key ingredient in batteries used in electric vehicles and energy storage systems. The company's main project is the Nevada North nickel property in the United States, making it one of the few companies exploring for battery-grade nickel on American soil.

Surge Battery Metals does not yet produce or sell any minerals, so it earns no revenue. Instead, it raises money by issuing shares to fund exploration drilling and geological studies. The company is very small, with a market cap around $200 million, and operates entirely in the early-stage exploration phase, which carries significant risk. The main growth driver is proving that its Nevada deposits contain enough high-quality nickel to attract a larger mining partner or justify full development — but failure to find commercially viable deposits would likely make the stock worthless.

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

Insider Activity

11.1%ownership

Insiders own a meaningful stake in the company

Cash Runway

~5 years

C$41M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

C$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

Profit per sale
Gross Margin
N/A
Data not available
Profit after running costs
Operating Margin
N/A
Data not available
Return on the money invested
ROCE
-24.4%
Weak — -24.4% return on capital

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

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Growth

Sales growth
Sales YoY
N/A
Data not available
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
N/A
Data not available

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Stability

What it owes vs what it owns
Debt / Equity
N/A
Data not available
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
no trend
Negative earnings — P/E not meaningful
Cheaper or dearer next year
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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