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Surge Copper Corp. advances the Berg Project, a 100%-owned copper-molybdenum-precious metals project in central British Columbia. The company describes Berg within a broader critical metals district and mineral claim package that hosts advanced porphyry deposits with NI 43-101 compliant resources of copper, molybdenum, gold, and silver.
Company updates focus on drilling and field programs, resource validation, pre-feasibility study work, exploration permitting, environmental assessment readiness, and engagement with Indigenous and community stakeholders. Recurring developments also include critical minerals policy in British Columbia and Canada, the Berg Project's acceptance into the provincial Critical Minerals Office, and equity financing activity supporting project advancement.
Surge Copper (SRGXF) announced that the Initial Project Description for its 100%-owned Berg Copper Project in central British Columbia has been accepted by the BC Environmental Assessment Office and the Impact Assessment Agency of Canada, formally starting the provincial Early Engagement and federal Planning phases of project assessment.
The company submitted the IPD on September 9, 2026, following extensive technical, environmental, and engagement work. Surge is working with Wet’suwet’en Hereditary Chiefs, the Office of the Wet’suwet’en, and elected leadership from Witset First Nation, Wet’suwet’en First Nation, Nee Tahi Buhn Indian Band, Skin Tyee First Nation, and Cheslatta Carrier Nation, alongside a First Nation-led assessment process intended to incorporate Wet’suwet’en governance and values. During these early stages, regulators will engage with Indigenous groups, communities, and other participants while Surge advances environmental baseline programs, feasibility-level engineering, and evaluation of tailings and waste management alternatives.
The company intends to support a coordinated provincial and federal assessment, potentially including substitution of the federal process to British Columbia, subject to regulatory decisions. Berg is described as a large-scale copper-molybdenum-silver-gold project supported by a June 2026 Pre-Feasibility Study outlining a 120,000 tonne-per-day open-pit operation with an approximately 28-year mine life, an after-tax NPV8% of C$4.6 billion, and an after-tax internal rate of return of 24%.
Surge Copper (SRGXF) reports that its 100%-owned Berg Copper Project has been selected for inclusion in the 2026 Canada Investment Summit Dealbook.
The Summit, hosted by the Government of Canada with CPP Investments and PSP Investments, will be held in Toronto on September 14–15, 2026 and aims to channel global capital into major Canadian projects in areas such as critical minerals and clean energy. Berg is one of a select group of British Columbia opportunities highlighted. A June 2026 Pre-Feasibility Study for Berg outlined an approximately 28-year mine life, average annual production of about 176 million pounds of copper, 21 million pounds of molybdenum, 3 million ounces of silver, and an after-tax NPV(8%) of C$4.6 billion.
Surge Copper (OTCQB: SRGXF) reported that its 2026 field program at the 100%-owned Berg Copper Project in central British Columbia is progressing substantially as planned. Technical and environmental work is supporting feasibility-level engineering, environmental assessment preparation, and long-term project planning across the proposed open pit and infrastructure areas.
The company aims to submit an Initial Project Description for environmental assessment in early September 2026, has conducted site visits with First Nations leadership, and appointed Aman Parhar as Community Engagement and Indigenous Relations Manager. Surge also granted 259,693 RSUs to executives and employees, vesting over three years.
Surge Copper (OTCQB: SRGXF) launched its 2026 field program at the 100%-owned Berg Copper Project in central British Columbia. The program includes up to 46 drill holes totaling about 6,330 metres, plus additional pit geotechnical drilling, geophysical surveys, LiDAR, and broad environmental baseline studies.
The work is intended to support feasibility-level engineering, future environmental assessment and permitting, and long-term project planning. Surge also granted 150,000 stock options at C$0.52 and reported that a Centerra Gold subsidiary is no longer a significant shareholder.
Surge Copper (OTCQB: SRGXF) released a pre-feasibility study for its 100%-owned Berg copper project in British Columbia, outlining a 28-year open pit mine and 120,000 tpd concentrator.
Base case after-tax NPV8% is C$4.6 billion, with a 24% IRR, 2.9-year payback, C$4.7 billion initial capex, life-of-mine production of 8.6 billion lbs CuEq, and C1 co-product cash costs of US$1.95/lb payable CuEq.
Surge Copper (OTCQB: SRGXF) announced the Berg Project has been accepted into British Columbia’s Critical Minerals Office (CMO) on Feb 20, 2026. Inclusion places Berg within provincial and federal critical minerals priorities and gives coordinated provincial support to advance the project through the regulatory process.
The company notes Berg could become one of Canada’s largest undeveloped copper-molybdenum producers if developed as envisioned, and emphasizes ongoing engagement with provincial agencies and First Nations.
Surge Copper (OTCQB: SRGXF) announced the appointment of Jennifer Anthony as Vice President, Environment & Regulatory Affairs effective January 12, 2026. Ms. Anthony will lead environmental assessment, permitting strategy, regulatory compliance, environmental baseline programs, and community and Indigenous engagement as Surge advances the Berg Project toward project readiness and future development.
Ms. Anthony has over 20 years of senior public‑sector experience in British Columbia, most recently as Assistant Deputy Minister, Permitting Transformation. The company also granted 2,169,041 RSUs to employees/executives and 1,501,642 DSUs to non‑executive directors with standard vesting terms.
Surge Copper (OTCQB: SRGXF) reported results from its 2025 Berg Project program designed to support a planned Pre-Feasibility Study (PFS) in H1 2026. The program delivered 4,143 m of diamond drilling including 4 resource conversion holes (1,926 m), 4 ARD holes (1,522.6 m), 11 geotechnical holes (618.4 m) and 3 anchor holes (76 m). Seventeen historic holes (1964–1973) were re-assayed, increasing the database to 26,797 assay intervals with 82.6% now including gold and silver. Key intercepts include BRG25-259: 235 m @ 0.31% CuEq and ARD25-001: 26 m @ 0.40% CuEq. Results support resource-category conversion, ARD delineation, and geotechnical data for mine design.
Surge Copper (OTCQB: SRGXF) is advancing a Pre-Feasibility Study (PFS) for its 100%‑owned Berg Project in west‑central British Columbia with completion targeted in the middle of the first half of 2026. The PFS will integrate expanded drilling, metallurgical, geotechnical and environmental datasets to update the mineral resource, mine plan, process flowsheet, and capital and operating cost estimates.
Ausenco and MMTS are engaged as lead consultants; recent work increased drilling to 64,574 m in 237 holes from ~54,384 m in 210 holes and metallurgical testing showed improved recovery expectations versus the 2023 PEA.
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.