What Surge Copper does

Surge Copper Corp. is a Canadian mineral exploration and development company headquartered in Vancouver, British Columbia, advancing the Berg Copper Project and Ootsa Project in central BC. Its flagship Berg asset is a 100%-owned large-scale porphyry copper-molybdenum-silver deposit that reached Pre-Feasibility Study stage in June 2026, establishing a maiden Proven and Probable Mineral Reserve of 1,209 Mt at 0.22% Cu, 0.026% Mo, 4.1 g/t Ag, and 0.02 g/t Au, with an after-tax NPV8% of C$4.6 billion, a 24% IRR, and a 28-year mine life. The Ootsa Project (Seel and Ox deposits) provides a second advanced resource-stage asset with 439 Mt at 0.32% CuEq (M+I), bringing total district M+I inventory above 1 billion tonnes across a consolidated 141,699-hectare mineral tenure position.

The company's underlying technology centers on conventional flotation processing of hypogene, transitional supergene, and supergene zones, producing separate marketable copper and molybdenum concentrates (with molybdenum recoveries up to 94.6-95.6%). The contemplated Berg operation is a 120,000 tpd single-phase build connected to the BC Hydro low-carbon grid via a 230 kV transmission line, with C1 co-product cash costs of US$1.95/lb CuEq and by-product cash costs of US$(0.17)/lb payable Cu owing to molybdenum credits. The PFS was executed by Ausenco (process and infrastructure) and Moose Mountain Technical Services (resource estimation and pit design).

Surge is pre-revenue and funds operations exclusively through equity financings on the TSX Venture Exchange (SURG), with over C$50 million raised since 2021. African Rainbow Minerals (ARM), a South African diversified mining company, has emerged as the anchor strategic shareholder at approximately 19.9% through multiple private placement tranches and an investor rights agreement. The company is currently transitioning from the PFS toward environmental assessment, permitting (supported by BC Critical Minerals Office acceptance and an Indigenous-led assessment with the Office of the Wet'suwet'en), and ultimately a Feasibility Study, with future revenue expected from copper concentrate offtake agreements, supplemented by molybdenum, silver, and gold by-product sales.

Name

Surge Copper

Legal name

Surge Copper Corp.

Website

https://surgecopper.com

Company type

Public

Founded year

1965

Operating status

Operating

Headcount range

1–10 employees

Short description

Surge Copper Corp. is a Canadian mineral exploration and development company advancing the PFS-stage Berg Copper Project and the Ootsa Project in central British Columbia, focused on copper, molybdenum, silver, and gold deposits, with African Rainbow Minerals as a strategic ~19.9% shareholder.

Ownership category

akta.pro rank

Product category

Copper Mining and Mineral Development

NAICS

Copper, Nickel, Lead, and Zinc Mining (212230)

SIC

Metal Mining (1000)

akta.pro primary industry

Copper Exploration & Resource Development (IMAKADAA)

akta.pro secondary industries

Copper Ore Mining (Open-Pit & Underground) (IMAKADAB), Copper Concentration (Crushing, Grinding, Flotation) (IMAKADAC), Copper By-Products Recovery (Molybdenum, Gold/Silver, Sulfuric Acid) (IMAKADAH), Copper Mine Engineering, EPC & Expansion Projects (IMAKADAM)

Keywords

• Copper mining
• Mineral exploration
• Porphyry deposits
• Molybdenum silver gold
• Mining development

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Copper Concentrate Sales: Once the Berg project reaches production, the primary revenue stream will be from selling copper concentrates produced via conventional flotation processing. Copper is projected to contribute 57% of gross revenue over the mine life at 176 Mlbs per year average.
2. Molybdenum Concentrate Sales: A significant by-product revenue stream from molybdenum concentrates, projected to contribute 30% of gross revenue. Life of mine average production is 21 Mlbs of molybdenum per year. Molybdenum separation testing returned excellent results with up to 94.6% and 95.6% recovery to high-grade molybdenum concentrates.
3. Precious Metals (Silver and Gold) By-product Sales: Silver and gold are recovered as by-products through the flotation process, contributing 9% and 4% of gross revenue, respectively. Silver production averages 3 Moz/year and gold averages 16 koz/year over the mine life.
4. Project Financing and Equity Capital: The company is pre-revenue and has historically funded operations through equity private placements. Major financings include: C$14M (2021), C$3.8M ARM strategic investment (2024), $10.4M (2025), and $20M (2026). Proceeds fund exploration, PFS, permitting, and working capital.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Surge Copper is a mineral exploration and development company focused on advancing the Berg Copper-Molybdenum-Silver Project and the Ootsa Copper-Gold-Molybdenum-Silver Project in central British Columbia, Canada. Once in production, the company will produce and sell copper, molybdenum, silver, and gold concentrates from these large-scale porphyry deposits, with copper as primary metal and molybdenum, silver, and gold as by-products.

Product overview

Surge Copper is a Canadian resource company advancing one of British Columbia's emerging copper districts. The company's project portfolio is anchored by two core development assets: the Berg Copper Project (100%-owned flagship project, a large-scale copper-molybdenum-silver porphyry deposit with a completed Pre-Feasibility Study establishing a maiden Mineral Reserve of 1.2 billion tonnes) and the Ootsa Project (an advanced resource-stage property containing the Seel and Ox deposits with combined pit-constrained resources of 439 Mt grading 0.32% copper equivalent). These are supported by a Regional Exploration program offering pipeline targets across the company's 141,699-hectare mineral tenure package. Together, these assets form a district-scale copper-molybdenum-silver-gold platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Berg Copper Project Surge's flagship PFS-stage copper-molybdenum-silver project in central British Columbia; once in production, will yield 176 Mlbs/year Cu, 21 Mlbs/year Mo, 3 Moz/year Ag, and 16 koz/year Au as payable metals over a 28-year mine life. The project targets sale of copper concentrates, molybdenum concentrates, and precious metal by-products to smelters and commodity traders.
• Ootsa Project Advanced resource-stage project area containing the Seel and Ox deposits with combined M+I resources of 439 Mt at 0.32% CuEq, providing additional copper-gold-molybdenum-silver exposure within the same regional mineral belt as Berg.
• Regional Exploration Pipeline Pipeline of porphyry copper targets across Surge's broader 141,699-hectare mineral tenure package, providing discovery potential beyond the known resource centres at Berg and Ootsa.
• Auro Property (Blackwater) 2% NSR Royalty A 2% net smelter return royalty interest on the Auro Property (Blackwater area), providing passive royalty exposure to development by another operator.

Quantifiable outcome

• C$4.6B after-tax NPV8% at base case commodity prices
• +5 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• Office of the Wet'suwet'encoreOthers · 15 June 2026The Office of the Wet'suwet'en (OW) is engaged in an Indigenous-led environmental assessment process for the Berg Copper Project. The project is located within the Wet'suwet'en Yintah and OW is leading an assessment process mandated by Wet'suwet'en Houses and Hereditary Chiefs. Surge is working collaboratively with OW and multiple First Nations including Witset First Nation, Wet'suwet'en First Nation, Nee Tahi Buhn Indian Band, Skin Tyee First Nation, and Cheslatta Carrier Nation.
• Ausenco Engineering Canada ULCcoreStrategic or Co-development Partner · 15 June 2026Ausenco Engineering Canada ULC was appointed as the lead consultant for the Berg Pre-Feasibility Study with responsibility for process plant design, metallurgical recovery modelling, site and power infrastructure, tailings and water management, and overall PFS report preparation. Ausenco is a global engineering, consulting and project delivery firm built for the minerals and metals industry.
• Moose Mountain Technical Services Inc. (MMTS)coreStrategic or Co-development Partner · 15 June 2026Moose Mountain Technical Services Inc. (MMTS) was appointed as a technical consultant for the Berg Pre-Feasibility Study, leading mineral resource estimation, open pit design and scheduling, and supporting engineering fields. MMTS is an association of Geologists, Engineers, and Technicians providing extensive experience in geology, mine engineering services, and EPCM support to the mining industry.
• BC Critical Minerals Office (CMO)coreStrategic or Co-development Partner · 20 February 2026The British Columbia government's Critical Minerals Office accepted Surge Copper's Berg Project into its portfolio in February 2026. The CMO provides coordinated regulatory support across government ministries and agencies to help advance priority critical minerals projects through the permitting process. This positions the Berg Project within both provincial and federal critical minerals priorities.

Scale indicators14 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Hudbay Minerals: Mid-tier copper producer with operating assets in British Columbia (Constancia) and Manitoba; relevant as a fully built-out copper operator that Berg could resemble at production and as a benchmark for BC-based copper development economics.
• Capstone Copper: Mid-tier copper producer with operating assets across the Americas (including Pinto Valley and Mantos Blancos); relevant as a multi-asset copper platform and benchmark for offtake, project financing, and copper concentrate marketing at scale.
• Copper Mountain Mining (now Hudbay): BC-based copper-gold-silver producer operating the Copper Mountain mine in southern BC; comparable for jurisdiction, Cu-Au-Ag concentrate product, and downstream smelter/trader offtake relationships prior to its acquisition by Hudbay.

Direct peers

• Taseko Mines: TSX-listed BC-based copper miner operating the Gibraltar copper-molybdenum mine directly in the same central BC porphyry belt as Surge's Berg and Ootsa projects; the closest operating analogue for geology, jurisdiction, and concentrate product mix.
• Western Copper and Gold: Canadian copper-gold developer advancing the Casino porphyry project in Yukon through feasibility with similar large-scale, long-life Cu-Au-Mo-Ag characteristics and comparable financing/permitting pathways to a development decision.
• NGEx Minerals: BC-listed copper-gold explorer-developer focused on the Los Helados and Lunahuasi projects in Chile and Argentina; comparable as a junior advancing a large-scale porphyry copper asset toward PFS/feasibility with significant by-product credits.

Regional players

• Imperial Metals: BC-focused copper and gold producer historically operating the Huckleberry copper-molybdenum mine directly adjacent to Surge's Ootsa Property; provides a regional analogue for permitting, infrastructure, and concentrate offtake dynamics in the same district.

Emerging players

• Solaris Resources: Pre-production copper developer advancing the Warintza porphyry copper-molybdenum project in Ecuador; comparable as a junior with a district-scale land position, strong by-product Mo credits, and a PFS/feasibility pathway to development.
• Libero Copper & Gold: Early-stage BC-focused copper explorer with the Mocoa porphyry Cu-Mo deposit in Colombia and BC exploration assets; comparable as a smaller porphyry copper-molybdenum developer targeting the same commodity thesis as Surge.
• HighGold Mining: Junior BC-focused explorer-developer with gold-copper assets in the Golden Triangle and central BC; comparable as a small-cap peer exploring and advancing polymetallic porphyry/epithermal systems in the same province.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/surgecopper
• LinkedInlinkedin.com/company/surge-copper-corp

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds6 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Surge Copper