Surge Copper Announces Upsize of Private Placement to $20 Million

Core Viewpoint - Surge Copper Corp. has increased the size of its non-brokered private placement to $20 million, reflecting strong demand and support from both existing and new investors [1][3]. Offering Details - The Offering will consist of 40 million units priced at $0.50 per unit, aiming for gross proceeds of $20 million [2]. - The Offering is expected to close on or about February 26, 2026, and may be completed in one or more tranches, subject to regulatory approvals [5]. Use of Proceeds - Net proceeds from the Offering will be utilized to advance mineral exploration and development projects, including the Berg and Ootsa projects, as well as for working capital and general corporate purposes [4]. Strategic Investor Participation - A strategic investor has the right to participate in the Offering to maintain its ownership interest, subject to regulatory limits, with gross proceeds assuming full exercise of this right [3]. Company Overview - Surge Copper Corp. is advancing the Berg Project, which hosts a large-scale copper-molybdenum-silver deposit, and is also working on the Ootsa Property, positioning itself as a contributor to Canada's critical minerals strategy [8][9].