Surge Copper Advances PFS for Berg Project, Secures $4 Million from ARM
Surge Copper Corp. has entered a $4 million subscription agreement with African Rainbow Minerals, finalizing its $20 million private placement. The Pre-Feasibility Study for the Berg Copper Project is on track for completion in Q2 2026, with fieldwork preparation ongoing.
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Surge Copper Corp. has finalized a subscription agreement with African Rainbow Minerals Ltd. for $4 million, marking the completion of its $20 million private placement. The Pre-Feasibility Study for the Berg Copper Project is scheduled for completion in the second quarter of 2026, aiming to refine development plans and advance regulatory processes.
Surge is preparing for a 2026 field program, which includes geotechnical and resource drilling, alongside environmental studies. The company is actively engaging with First Nations and local communities to enhance relationships as it navigates the environmental assessment process.
Surge will attend several investor conferences in North America through June 2026. The transaction with ARM allows for a potential 20% stake in Surge, providing them with the option to secure further equity under defined conditions. This engagement may signify broader interest in copper assets amidst increasing demand related to energy transitions.
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