Surge Copper
Financials:
Primary ticker: TSXV:SURG
Stage of development: Exploration, Development
Primary minerals: Copper, Molybdenum, Silver, Gold
Project to promote: Berg Copper-Moly-Silver-Gold Porphyry Project
Project location: Canada
Website: surgecopper.com
Surge Copper is progressing a PEA on its flagship Berg copper porphyry project located in British Columbia, which forms part of a larger district including Surge Copper’s Ootsa Project, and Imperial Metal’s Huckleberry Mine. This district is already one of the largest copper districts in Canada from a contained resources perspective, and has significant growth potential with ongoing exploration.
Cash: CAD$3M
Debt: NIL
Major shareholders:
Centerra Gold – 5%
Patrick Glazier – 5%
Altius Minerals – 2%
Management Ownership – 13%
Management Profile
Leif Nilsson – CEO and Director
Leif Nilsson has served in his current role for 2.5 years, and also currently serves as a director of Adventus Mining Corporation, which is developing a VMS project in Ecuador. Leif is a former mining investment banker with Macquarie Capital and various other firms, and has a background in physics and finance, having completed degrees in these fields at University of Toronto and INSEAD.
What is your rationale for taking part in 121 Mining Investment?
Surge has an important pending catalyst in our PEA on the Berg Project, so are interested in meeting with institutional investors and strategic counterparties for a normal course update on our activities.
What recent news would you like to highlight to investors attending?
Surge has most recently announced complete exploration results from a regional reconnaissance program across the Berg-Ootsa district and anticipates announcing the results of the Berg PEA in the near term.
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Completion of Berg PEA
6 Months:
2023 summer exploration program
12 Months:
Advance toward Berg PFS
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
General market conditions and access to risk capital.
What do you think makes your company such a compelling investment?
Surge controls significant copper deposits in what is already a large and growing district in Canada, and with the pending Berg PEA will be providing investors for the first time with an economic study outlining the development opportunity for a standalone project at Berg, which we believe will compare favourably with similar scale projects in the market. Based on comparable projects in the market, Surge’s equity and enterprise value are at a significant discount to peer comparables.
What are the top 3 key investor takeaways?
Pending PEA on a large scale copper development project
Large resource base of critical and precious metals (copper, moly, silver, and gold) located in a world class jurisdiction near existing mining infrastructure
Undervalued relative to peers