JUNIORMETRICS
Gold$4,479.95/oz
Silver$66.98/oz
Copper$6.00/lb

Surge Copper Corp.

SURG·$0.48·$133.6M cap
Copperalso:Berg Copper-Molybdenum-Gold-Silver Project, British Columbia Map

Surge Copper's 100%-owned Berg project in central British Columbia is a large-scale, standalone open-pit copper-molybdenum project with associated gold and silver credits. A June 2026 Pre-Feasibility Study, anchored by a formally declared reserve, reported an after-tax NPV8% of C$4.6 billion and 24% IRR, supported by planned connection to BC's low-carbon hydroelectric grid and existing regional road access. A 1.0 billion tonne inferred resource at 0.16% copper represents further exploration upside beyond the PFS reserve base.

Notable vs. Peers

  • Financials score of 2/10 is weaker than the peer average of 6.3/10.

Lifecycle Milestones

Grassroots
Resource Def.
PEA
PFSCurrent
Feasibility
Permitting
Construction
Production
9.7/10
Weak track recordStrong track record
2/10
Thin runwayWell-capitalized
9/10
High riskLow risk
How this is calculated
Not enough info
Weaker depositStronger deposit
6.9/10
Weaker profileStronger profile
Price Chart
$0.115$0.194$0.567$0.517$0.484AugNovMarJunSep
Aug 12, 2025Sep 4, 2026
News
$0.48
+345.4%from low-27.4%from high
$0.11$0.67
$133.6M
Far belowFar above
$41.1M median
Price (USD - Local)
$0.48 - CAD 0.67
Cash Position (USD)
$3.1M
Far belowFar above
$9.5M median
Debt (USD)
$21.3K
Far aboveFar below
$0 median
$130.6M
Far belowFar above
$34.7M median
388.1M
Far aboveFar below
169M median
Jurisdiction
Canada
This company's data hasn't been researched yet
This company's data hasn't been researched yet
Cut-off: MRE NSR cutoff C$8.00/t; Maiden Mineral Reserve (PFS) NSR cutoff C$9.25/t
This company's data hasn't been researched yet
Open pit
This company's data hasn't been researched yet
This company's data hasn't been researched yet
Not enough peer data yet
This company's data hasn't been researched yet
Not enough peer data yet
$4.75/lb21% below reference ($6.00/lb)
This company's data hasn't been researched yet
38.6%
0%100%
14.7% median
This company's data hasn't been researched yet
This company's data hasn't been researched yet
This company's data hasn't been researched yet
This company's data hasn't been researched yet
This company's data hasn't been researched yet
This company's data hasn't been researched yet
Acquisition Susceptibility
8.3/10
Unlikely bolt-onFits the takeout profile

A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.

Overall Score Trend
+25.5% since 2026-08-01

Your Rankings

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Management Team

Chief Executive Officer and Director of Surge Copper Corp. Previously an independent director of Adventus Mining Corporation until its 2024 sale to Silvercorp Metals for $200 million. Worked for investment banks including Macquarie Group, Stifel Financial and CIBC World Markets on mining transactions. Holds a physics/exploration geophysics degree from the University of Toronto and an MBA from INSEAD.

Vice President, Projects of Surge Copper Corp. Professional mining engineer with 17 years in operations and senior engineering roles, including a decade at Treasury Metals advancing projects through development stages; also worked at mining operations in Chile and Ontario. Holds mining engineering and MBA degrees from Queen's University and the Rotman School of Management.

Vice President, Environment and Regulatory Affairs of Surge Copper Corp. More than 20 years of senior leadership experience in British Columbia's public sector, with expertise in environmental assessment and permitting; recently served as Assistant Deputy Minister supporting major mining projects through regulatory processes. Holds a physical geography degree from the University of Calgary.

Chief Financial Officer and Corporate Secretary of Surge Copper Corp. Holds an accounting degree and CPA certification; 10 years of experience working in the public sector and serves as an officer of another public company.

President and Director of Surge Copper Corp., and concurrently President, CEO and Director of CANEX Metals Inc. -- both confirmed current per each company's own corporate pages. Also a director of Jade Leader Corp. PhD in Geology from the University of Western Australia (1991-1995); over 30 years of gold, copper and base-metal exploration experience across North America, South America, Australia and Europe, including discovery involvement at the Bahuerachi copper deposit (Mexico), the Viking gold deposit (eastern Canada), and the West Seel Cu-Au porphyry (British Columbia). Registered Professional Geoscientist with APEGBC. Previously President & Director of Tyler Resources Inc. (Task #526 merge; sourced from Surge Copper's and CANEX Metals' own corporate/management pages.)

Insiders, Investors & Smart Money

Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.

Smart money
6/10

African Rainbow Minerals, a major diversified South African mining company, has built a 19.9% cash stake in Surge Copper across two strategic private placements. Two different directors bought shares on the open market in mid-to-late 2025.

No notable insiders tracked for this miner yet.

Reports, Presentations & Documents

Technical Report Takeaways

We haven't parsed this company's PEA/PFS/FS recommendations yet — cut-off grade, mine life, DCF/NPV, and the report's own next-steps guidance are a planned research pass, not live data for every company yet.