Surge Copper Highlights Strengthening Policy Environment for Critical Minerals Development in Canada
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) accoglie le misure del Budget 2025 e le mosse infrastrutturali provinciali che potrebbero rafforzare il clima di investimento canadese nei minerali critici per progetti come il suo progetto Berg di rame-molibdeno al 100% di proprietà.
Tra le voci chiave di politica ci sono l'espansione del Credito d'imposta per la produzione di tecnologia pulita (30% rimborsabile), l'ampliamento dell'ammissibilità al Credito d'Imposta per l'Esplorazione di Minerali Critici per includere molibdeno, la creazione di nuovi strumenti federali di investimento (Fondo Sovrano dei Minerali Critici e Fondo Prima e Ultimo Miglio), e un finanziamento federale coordinato per progetti. Il North Coast Transmission Line della British Columbia procede con i lavori e l'avvio è previsto nel 2026, con l'entrata in servizio a fasi attorno al 2030.
Surge Copper (OTCQB: SRGXF) da la bienvenida a las medidas del Presupuesto 2025 y a las iniciativas de infraestructura provincial que podrían fortalecer el clima de inversión de Canadá en minerales críticos para proyectos como su proyecto de cobre-molibdeno Berg, 100% propiedad.
Los elementos clave de la política incluyen la expansión del Crédito fiscal por inversiones en manufactura de tecnología limpia, reembolsable del 30%, la ampliación de la elegibilidad del Crédito por Exploración de Minerales Críticos para incluir molibdeno, la creación de nuevos vehículos de inversión federales (Fondo Soberano de Minerales Críticos y Fondo de Primera y Última Milla), y la financiación de proyectos federales coordinada. La Línea de Transmisión de la Costa Norte de la Columbia Británica avanza con la construcción prevista para 2026 y una puesta en servicio escalonada alrededor de 2030.
Surge Copper (OTCQB: SRGXF)는 예산 2025의 조치와 주 차원의 인프라 이동이 100% 소유의 베르그 구리-몰리브덴 프로젝트와 같은 프로젝트의 캐나다 핵심 광물 투자 환경을 강화할 수 있다고 환영합니다.
정책의 주요 항목으로는 30% 환급 가능 친환경 기술 제조 투자세 크레딧의 확대, 핵심 광물 탐사 세액공제의 몰리브덴 포함을 위한 자격 확대, 새로운 연방 투자 수단의 창설(핵심 광물 주권펀드와 퍼스트 앤드 라스트 마일 펀드), 연방 프로젝트 자금 조달의 조정이 포함됩니다. 브리티시컬럼비아주 노스 코스트 트랜스미션 라인은 2026년 공사를 시작하고 2030년경 단계적 가동이 예상됩니다.
Surge Copper (OTCQB: SRGXF) accueille les mesures du budget 2025 et les mouvements d'infrastructure provinciale qui pourraient renforcer le climat d'investissement du Canada dans les minéraux critiques pour des projets tels que son projet de cuivre-molybdène Berg à 100 % de propriété.
Les principaux éléments de politique comprennent l'extension du Crédit d'impôt renouvelable pour l'investissement dans la fabrication de technologies propres (30 %), l'élargissement de l'éligibilité au Crédit d'impôt pour l'exploration des minéraux critiques pour inclure le molydène, la création de nouveaux véhicules d'investissement fédéraux (Fonds souverain des minéraux critiques et Fonds Premier et Dernier Milleur Mile), et un financement fédéral de projets coordonné. La Ligne de transmission de la côte nord de la Colombie-Britannique avance avec des travaux prévus pour 2026 et une mise en service par étapes autour de 2030.
Surge Copper (OTCQB: SRGXF) begrüßt Budget-2025-Maßnahmen und provinziellen Infrastrukturmaßnahmen, die das Investitionsklima Kanadas für Critical-Mmineralkationen-Projekte wie das zu 100 % Eigentum befindliche Berg-Kupfer-Molybdän-Projekt stärken könnten.
Zu den wichtigsten politiken gehören die Erweiterung des 30%-igen erstattungsfähigen Investitionssteuerguthabens für saubere Technologien, die Erweiterung der Berechtigung für den Critical Minerals Exploration Tax Credit einschließlich Molybdän, die Schaffung neuer federaler Investitionsvehikel (Critical Minerals Sovereign Fund und First and Last Mile Fund) sowie koordinierte föderale Projektfinanzierung. Die nordküstliche BC-North Coast Transmission Line schreitet voran, der Baubeginn ist 2026 vorgesehen und die schrittweise Inbetriebnahme erfolgt voraussichtlich um 2030.
Surge Copper (OTCQB: SRGXF) ترحب بإجراءات ميزانية 2025 وتحركات البنية التحتية الإقليمية التي يمكن أن تعزز مناخ الاستثمار في كندا في المعادن الحيوية لمشروعات مثل مشروع Berg للنحاس-الموليبدينوم المملوك بنسبة 100%.
تشمل عناصر السياسة الأساسية توسيع ائتمان الاستثمار القابل للرد بنسبة 30% في تصنيع التكنولوجيا النظيفة، توسيع أهلية ائتمان استكشاف المعادن الحيوية ليشمل الموليبدنوم، إنشاء صناديق استثمار اتحادية جديدة (الصندوق السيادي للمعادن الحيوية وصندوق المسافة الأولى وال الأخيرة)، وتمويل مشروعات اتحادي منسّق. تتقدم خط نقل الساحل الشمالي لبريتيش كولومبيا مع توقع بدء البناء في 2026 وبدء التشغيل على مراحل نحو 2030.
- 30% refundable Clean Technology Manufacturing Investment Tax Credit expanded
- Critical Minerals Exploration Tax Credit now includes molybdenum
- New federal funds: Critical Minerals Sovereign Fund and First and Last Mile Fund
- BC North Coast Transmission Line construction expected 2026, phased in-service ~2030
- Policy measures described are not yet fully implemented, creating execution uncertainty
- Berg has no offtake agreements in place, limiting near-term revenue visibility
- NCTL in-service timing (~2030) may delay infrastructure benefits for nearby projects
Company welcomes measures in Budget 2025 and new infrastructure investments supporting Canada’s Critical Minerals Strategy
Vancouver, British Columbia, Nov. 10, 2025 (GLOBE NEWSWIRE) -- Surge Copper Corp. (TSXV: SURG) (OTCQB: SRGXF) (Frankfurt: G6D2) (“Surge” or the “Company”) provides its perspective on recent policy and infrastructure developments that strengthen Canada’s critical minerals framework and investment climate. These initiatives, spanning fiscal incentives announced in the 2025 Federal Budget, the launch of the G7 Critical Minerals Alliance, and provincial investments in transmission infrastructure in British Columbia, highlight the evolving landscape for responsible development of projects such as the Company’s
Federal Budget 2025: Expanded Support for Critical Minerals
The Government of Canada’s 2025 Federal Budget introduced several measures that reinforce national competitiveness in critical minerals development. Key initiatives include:
- Expansion of the Clean Technology Manufacturing Investment Tax Credit (CTMITC): Budget 2025 confirms the federal government’s intention to proceed with previously announced measures to expand eligibility under this 30 percent refundable tax credit (which can eliminate a company’s income tax payable in a given year and provide a cash refund for any remaining balance), including the addition of new critical minerals and support for polymetallic mining and processing activities. Once implemented, these measures could meaningfully expand access to this important fiscal incentive for projects such as Berg, where the majority of production by value is anticipated to come from copper.
- Extension and expansion of the Critical Minerals Exploration Tax Credit: Budget 2025 broadens eligibility for this flow-through-share incentive to include molybdenum and other transition metals, reflecting the federal government’s recognition of their importance in high-performance steel and industrial, technological, and energy applications. Molybdenum represents a significant component of the Berg resource and a key value driver for the project.
- Creation of new federal investment vehicles: Budget 2025 outlines new and expanded federally funded investment vehicles, including the Critical Minerals Sovereign Fund and the First and Last Mile Fund, aimed at providing direct equity and infrastructure support to qualifying projects.
- Enhanced coordination of federal project financing initiatives: Budget 2025 introduces a new framework to align Canada’s major project financing institutions, including the Major Projects Office, Canada Infrastructure Bank, Canada Growth Fund, Export Development Canada, and the Canada Indigenous Loan Guarantee Corporation. The initiative is designed to streamline access to capital and coordinate support for “nation-building” projects that advance clean growth, economic competitiveness, and Indigenous participation. This integrated approach aims to accelerate the development of large-scale strategic projects across Canada’s resource and infrastructure sectors.
Collectively, these measures may influence the economic framework for Canadian critical minerals projects and provide potential incentives for advanced development projects such as Berg.
G7 Critical Minerals Alliance: Global Demand Alignment
Canada’s leadership role in the newly established G7 Critical Minerals Alliance underscores an international commitment to developing secure, transparent, and standards-based supply chains for materials essential to modern industrial, technological, and energy systems. Surge believes this framework will encourage long-term cooperation between allied nations and may support diversified and transparent supply chains for responsibly produced critical minerals, including copper and molybdenum concentrates.
As a potential future producer of copper and molybdenum concentrates with no offtake agreements yet in place, Berg offers flexibility to supply either domestic processors or allied markets, aligning with Canada’s goal of diversifying exports beyond the United States and strengthening trusted supply chains.
British Columbia: Enabling Infrastructure and Investment Climate
Complementing federal and international initiatives, the Government of British Columbia has advanced the North Coast Transmission Line (NCTL), a multi-phase transmission project intended to expand grid capacity in the northwest of the province to support growth in sectors such as ports, mining, and LNG. Under Bill 31 (Energy Statutes Amendment Act, 2025), the Province is fast-tracking the project by amending legislation to allow co-ownership with First Nations, streamline permitting, and adjust the electricity-allocation framework such that connection priority is given to vital growth industries (including mining and resource development) rather than the typical first-come, first-served basis. Construction is expected to begin in 2026 with phased in-service dates targeted around 2030.
While the Berg Project does not strictly depend on the NCTL for its power connection, the initiative creates important flexibility in a region where demand for industrial electricity is rapidly escalating. It reflects the government’s proactive recognition of potential infrastructure bottlenecks and its willingness to act in advance to unlock resource development.
Positioning of the Berg Project
With these converging policy developments, Berg is well aligned with current federal and provincial initiatives supporting critical minerals development. The project’s large-scale copper and molybdenum resource, favourable logistics, and low-carbon, hydro-powered design align directly with national and international priorities for responsible resource development.
“Recent policy developments, including Budget 2025 measures and federal and provincial infrastructure initiatives, highlight Canada’s efforts to strengthen its critical minerals sector,” said Leif Nilsson, CEO of Surge. “Projects such as Berg illustrate how these policy measures could create opportunities for advancing critical minerals development in Canada through coordinated efforts among industry, government, and Indigenous partners.”
About Surge Copper Corp.
Surge Copper Corp. is a Canadian resource company advancing one of British Columbia’s emerging mineral districts. The Company’s
In addition to Berg, Surge controls a large, contiguous mineral claim package that includes multiple advanced porphyry deposits, including the Ootsa Property adjacent to the past-producing Huckleberry Mine. The Company’s projects collectively position Surge as a future contributor to Canada’s critical minerals strategy through the responsible development of copper, molybdenum, and associated metals.
For more information, visit www.surgecopper.com
On Behalf of the Board of Directors
“Leif Nilsson”
Chief Executive Officer
For Further information, please contact:
Riley Trimble, Corporate Communications & Development
Telephone: +1 604 639 3852
Email: info@surgecopper.com
Twitter: @SurgeCopper
LinkedIn: Surge Copper Corp
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This News Release contains forward-looking statements, which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "will", "may", "should", "expects", "plans", or "anticipates" or the negative of these terms or other comparable terminology. All statements included herein, other than statements of historical fact, are forward-looking statements, including but not limited to the Company’s plans regarding the Berg Project and the Ootsa Property. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors that may cause the Company’s actual results, level of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. Such uncertainties and risks may include, among others, actual results of the Company's exploration activities being different than those expected by management, delays in obtaining or failure to obtain required government or other regulatory approvals, the ability to obtain adequate financing to conduct its planned exploration programs, inability to procure labour, equipment, and supplies in sufficient quantities and on a timely basis, equipment breakdown, and bad weather. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect the Company's current judgment regarding the direction of its business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions, or other future performance suggestions herein. Except as required by applicable law, the Company does not intend to update any forward-looking statements to conform these statements to actual results.
FAQ
What Budget 2025 tax incentive changes affect Surge Copper (SRGXF)?
How could the new federal investment vehicles support SRGXF’s Berg project?
When will the British Columbia North Coast Transmission Line affect SRGXF projects near Berg?
Does Berg currently have offtake agreements to sell copper or molybdenum concentrates?
What coordination between federal financing bodies could help SRGXF?
