Surge Copper Stock Price, News & Analysis

Surge Copper (OTCQB: SRGXF) welcomes Budget 2025 measures and provincial infrastructure moves that could strengthen Canada’s critical minerals investment climate for projects like its 100%-owned Berg copper-molybdenum project.

Key policy items include expansion of the 30% refundable Clean Technology Manufacturing Investment Tax Credit, broadened eligibility of the Critical Minerals Exploration Tax Credit to include molybdenum, creation of new federal investment vehicles (Critical Minerals Sovereign Fund and First and Last Mile Fund), and coordinated federal project financing. British Columbia’s North Coast Transmission Line advances with construction expected in 2026 and phased in-service around 2030.

Surge Copper (OTCQB: SRGXF) has successfully closed its strategic private placement with African Rainbow Minerals Limited (ARM). The placement involved ARM purchasing 25,781,715 common shares at $0.175 per share, generating gross proceeds of approximately C$4.5 million. This transaction has increased ARM's ownership in Surge to 19.9%.

The strategic placement is part of a larger financing initiative that has raised a total of C$10.4 million. The funds will be utilized to complete the pre-feasibility study for the Berg Project, support exploration activities, and provide working capital. The issued shares are subject to a four-month and one-day hold period.

[ "Raised C$4.5 million through strategic placement at C$0.175 per share", "Total financing raised reaches C$10.4 million", "Strategic investor ARM increases ownership to 19.9%, showing confidence in company", "Funds secured for Berg Project pre-feasibility study completion" ]

Surge Copper (OTCQB: SRGXF) has provided updates on its operations at the Berg copper-molybdenum-precious metals project in British Columbia. The company has completed approximately 1,500 metres of resource drilling and initiated geotechnical studies. A notable achievement includes the first-ever uphill-angle drilling at Berg, with a successful 456-metre hole completed at a 14-degree positive dip.

The company will participate in several investor events including the Precious Metals Summit, Metals Investor Forum, and Resourcing Tomorrow. Additionally, Surge is finalizing a strategic private placement expected to raise $4.5 million, which will increase a strategic investor's ownership to 19.9% of outstanding shares, pending regulatory approvals.

Surge Copper (OTCQB: SRGXF) has launched its 2025 field program at the 100%-owned Berg copper-molybdenum-precious metals project in central British Columbia. The program, running from mid-July through late September, represents the final field campaign before completing a resource update and pre-feasibility study.

The campaign includes 5,000 metres of drilling using two drill rigs, focusing on technical objectives such as geochemical characterization, resource delineation, and geotechnical investigations. The company has also secured an amended and extended exploration permit valid through March 31, 2030, authorizing 103 drill holes, 22 helipads, and 40 mechanical test pits.

Surge Copper (SRGXF) reported exceptional metallurgical test results from its Berg Project in British Columbia, demonstrating strong potential for pre-feasibility advancement. The comprehensive program, conducted by ALS Metallurgy Kamloops from June 2024 to May 2025, achieved outstanding recovery rates of up to 90.7% for copper and 93.0% for molybdenum in locked cycle tests. Using over 1,350 kg of material and 27 variability composites, the tests confirmed the effectiveness of conventional flotation processes for producing marketable concentrates. The results significantly exceeded the previous PEA estimates, which assumed 80% copper and 75% molybdenum recoveries. The tests validated a simple, scalable flowsheet using low-cost reagents, with excellent copper-molybdenum separation efficiency and no penalty elements in final concentrates. This milestone strengthens Berg's position as one of North America's largest undeveloped copper-molybdenum projects.

Surge Copper (SRGXF) has completed a PFS-level geotechnical program at its 100%-owned Berg Project in British Columbia. The program included six geotechnical drill holes and delivered promising results supporting steeper pit walls and potential strip ratio reduction. Key findings include inter-ramp angles ranging from 39 to 46 degrees, compared to previous PEA design of 30-49 degrees. Notable drill results from hole BRG24-246 showed 184 metres grading 0.30% CuEq from 6 metres depth. The program also revealed silver-rich base-metal veins, with hole BRG24-249 returning 2 metres grading 83.9 g/t Ag from 130 metres. The geotechnical results support future open pit mine design and highlight potential for resource expansion, particularly in the central Berg Stock and eastern margin areas.

Surge Copper Corp (TSXV: SURG) (OTCQB: SRGXF) has released results from an industrial energy efficiency study for its Berg Project in central British Columbia. The study, conducted by Ausenco Engineering Canada with BC Hydro's support, evaluates the potential benefits of incorporating high-pressure grinding rolls (HPGR) technology versus traditional semi-autogenous grinding (SAG) and ball milling.

Key findings show that laboratory tests confirm Berg's mineralized material is suitable for HPGR technology, which could potentially reduce grinding power requirements by 25% and overall annual energy consumption in the grinding circuit by approximately 20% compared to traditional SAG milling.

The study provides a conceptual-level assessment while acknowledging the need for additional trade-off analysis considering environmental impact, carbon footprint, and regional energy supply dynamics. The company is also conducting ongoing metallurgical testing at ALS, with results pending, and awaiting analysis from six geotechnical core holes drilled in 2024.

Surge Copper Corp. (SRGXF) has announced significant drilling results from its Ootsa Project, highlighting the expansion of copper-gold mineralization. The key findings include:

Hole S24-337 intersected 108 metres grading 0.35% CuEq (0.25% Cu, 0.16 g/t Au, 2.7 g/t Ag) from 24 metres depth, within a longer interval of 280 metres grading 0.27% CuEq. The deeper portion revealed multiple intervals of breccia-style mineralization with higher grades, including 10 metres grading 0.55% CuEq.

The drilling program, consisting of 2 holes totaling 897 metres, was conducted at the Cu-Au Target located 300 metres northeast of the East Seel deposit. While hole S24-336 did not extend the zone northward, hole S24-337 successfully expanded the zone to depth, with the exploration target remaining open to the east and west.

Surge Copper Corp. (TSXV: SURG) (OTCQB: SRGXF) has appointed Dr. Paul West-Sells to its board of directors. Dr. West-Sells brings nearly three decades of mining industry experience, having previously served in executive roles at Western Copper and Gold from 2006 to 2024, including positions as COO, CEO, and President.

During his tenure, he led the Casino Project through feasibility studies, environmental assessments, and stakeholder engagement. His earlier career included technical roles at BHP, Placer Dome, and Barrick, focusing on R&D and Project Development. Dr. West-Sells holds a Ph.D. in Metallurgical Engineering from the University of British Columbia.

The company has granted Dr. West-Sells 350,000 deferred share units in connection with his appointment.