Surge Copper Announces $6.4 Million Equity Financing to Support Progress to Pre-Feasibility and EA Readiness at Berg

Core Viewpoint - Surge Copper Corp. is advancing its Berg Project through a non-brokered equity financing of up to $6.4 million, aimed at completing a Preliminary Feasibility Study and initiating early-stage permitting activities as part of its 2025 objectives [1] Financing Details - The financing will occur through two concurrent private placements: 1. LIFE Offering: Up to 14.3 million common shares at $0.175 per share, raising up to $2.5 million, expected to close in two to three weeks [2] 2. Concurrent Strategic Investment: A significant existing strategic investor will purchase common shares at the same price, potentially raising up to $3.9 million, expected to close within four to six weeks [3] - The Company may increase the size of the LIFE Offering based on demand [4] Use of Proceeds - Net proceeds from the Offering will fund engineering, environmental, and early-stage permitting activities at the Berg Project, supporting the completion of a Preliminary Feasibility Study and entry into the Environmental Assessment process [5] Company Overview - Surge Copper Corp. is focused on developing a critical metals district in British Columbia, owning a large mineral claim package with advanced porphyry deposits containing copper, molybdenum, gold, and silver [11] - The Company holds a 100% interest in the Berg Project, which has a maiden PEA indicating a large-scale project with an NPV8% of C$2.1 billion and an IRR of 20% based on long-term commodity prices [12]