Distributed on behalf of Surge Battery Metals.
Technology companies are pouring hundreds of billions of dollars into AI infrastructure. Hyperscale cloud providers—including Microsoft (NASDAQ: MSFT), Amazon (NASDAQ: AMZN), Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), and Meta (NASDAQ: META) are all racing to expand data center capacity to meet surging AI demand. In addition, according to MIT Technology Review, there are about 3,000 data centers across the U.S. at the moment. Also, according to a report from McKinsey, $5.2 trillion in AI infrastructure investments will be needed by the year 2030. Not only is that a strong catalyst for tech stocks, but also for lithium stocks, like Surge Battery Metals (TSXV: NILI) (OTC: NILIF). That’s because data center growth is also fueling lithium demand.
As noted by the CME Group, “Last year, data centers powering chatbots and other applications drove a staggering rise for lithium-iron phosphate batteries, which help provide the stable energy supply these facilities require. Amid this backdrop, lithium demand for energy storage facilities is growing at a faster rate than EV-driven demand. Last year, BESS demand surged 51% compared to 26% for EVs, though EVs continue to account for about 75% of global battery demand, according to researcher Benchmark Minerals Intelligence.”
Look at Surge Battery Metals (TSXV: NILI) (OTC: NILIF), Which Just Announced Filing of Updated Mineral Resource Estimate Technical Report
Surge Battery Metals just announced that, further to its news release dated May 15, 2026, the updated Mineral Resource Estimate for the Company’s flagship Nevada North Lithium Project has now been filed on SEDAR+ and is available on the Company’s website; Surge Battery Metals - NI43-101 Technical Report.
Other related developments from around the markets include:
Microsoft announced the following results for the quarter ended March 31, 2026, as compared to the corresponding period of last fiscal year: Revenue was $82.9 billion and increased 18% (up 15% in constant currency). Operating income was $38.4 billion and increased 20% (up 16% in constant currency). Net income was $31.8 billion and increased 23% on a GAAP basis, and increased 20% (up 18% in constant currency) on a non-GAAP basis. Diluted earnings per share was $4.27 and increased 23% on a GAAP basis, and increased 21% (up 18% in constant currency) on a non-GAAP basis. “We are focused on delivering cloud and AI infrastructure and solutions that empower every business to eval-max their outcomes in the agentic computing era," said Satya Nadella, chairman and chief executive officer of Microsoft. “Our AI business surpassed an annual revenue run rate of $37 billion, up 123% year-over-year.”
As part of its Forward '28 strategy, Danske Bank is expanding its collaboration with Amazon Web Services (AWS) to accelerate the rollout of AI-enabled banking services and products and increase productivity across the organisation. Under the new agreement, Danske Bank will partner with AWS to modernise IT systems, strengthen its cloud and data foundations, and optimise how technology is developed and delivered across the bank. Following the recent update to our Forward '28 strategy, our ambition to support customers through the latest technology is stronger than ever. This agreement gives us early access to AWS innovations in Cloud and AI, as well as global engineering expertise. We are already seeing the benefits in how we develop the products and services our customers want, and I expect that value to grow further," says Frans Woelders, Chief Operating Officer, Danske Bank.
Alphabet announced the pricing of its previously announced registered public offerings of Class A Common Stock, Class C Capital Stock and depositary shares representing interests in mandatory convertible preferred stock. The gross proceeds of these offerings, together with potential gross proceeds of Alphabet’s previously announced $40 billion at-the-market offering program for the sale of Class A Common Stock and Class C Capital Stock over time, and concurrent $10 billion private placement, represent a total equity raise of $84.75 billion. The equity capital raise was upsized from the previously announced total equity raise of $80 billion. Alphabet priced concurrent underwritten public offerings of 25,459,689 shares of Class A Common Stock at a public offering price of $355.1982 per share, 25,459,689 shares of Class C Capital Stock at a public offering price of $351.8018 per share, 167,500,000 Series A depositary shares, each representing a 1/20th interest in a share of newly issued 6.25% Series A Mandatory Convertible Preferred Stock at a public offering price of $50 per share, and 167,500,000 Series B depositary shares, each representing a 1/20th interest in a share of newly issued 6.25% Series B Mandatory Convertible Preferred Stock at a public offering price of $50 per share. Alphabet has granted to the underwriters of the Class A Common Stock and Class C Capital Stock offerings 30-day over-allotment options to purchase up to 3,818,953 additional shares of Class A Common Stock and up to 3,818,953 additional shares of Class C Capital Stock. Alphabet has granted the underwriters of each of its depositary share offerings over-allotment options to purchase up to an aggregate total of 50,000,000 additional depositary shares, split evenly between the two series, within a 13-day period beginning on, and including, the date Alphabet first issues the depositary shares. The Class A Common Stock and Class C Capital Stock offering was upsized to $18 billion from the previously announced offering size of $15 billion. The depositary share offerings were upsized to $16.75 billion from the previously announced offering size of $15 billion.
Meta reported financial results for the quarter ended March 31, 2026. "We had a milestone quarter with strong momentum across our apps and the release of our first model from Meta Superintelligence Labs," said Mark Zuckerberg, Meta founder and CEO. "We're on track to deliver personal superintelligence to billions of people." Family daily active people (DAP) – DAP was 3.56 billion on average for March 2026, an increase of 4% year-over-year. The slight decline in DAP on a quarter-over-quarter basis was driven by internet disruptions in Iran, as well as a restriction on access to WhatsApp in Russia. Ad impressions – Ad impressions delivered across our Family of Apps increased by 19% year-over-year. Average price per ad – Average price per ad increased by 12% year-over-year. Revenue was $56.31 billion, an increase of 33% year-over-year. Revenue on a constant currency basis would have increased by 29% year-over-year.
Capital expenditures – Capital expenditures, including principal payments on finance leases, were $19.84 billion. Cash flow from operating activities was $32.23 billion, and free cash flow was $12.39 billion.
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