Surge Copper Announces Grant of Long-Term Equity-Based Incentive Awards
Surge Copper Corp.
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PO Box 10351 888-700 West Georgia Street, Vancouver, BC, Canada, V7Y 1G5
www.surgecopper.com
TSX-V Trading Symbol: SURG
OTCQB: SRGXF
Frankfurt Trading Symbol: G6D2
Telephone: +1 (604) 781-5454
Email: [email protected]
September 19, 2025
NEWS RELEASE
Surge Copper Announces Grant of Long-Term Equity-Based Incentive Awards
September 19, 2025, Vancouver, British Columbia – Surge Copper Corp. (TSXV: SURG)
(OTCQB: SRGXF) (Frankfurt: G6D2) (“Surge” or the “Company”) announces the grant of
long-term equity-based incentive awards under its Share Compensation Plan. The Company has
awarded 2,337,500 restricted share units (RSUs) to employees and executives, and 1,750,000
deferred share units (DSUs) to non-executive directors, both based on the 5-day volume weighted
average price on the TSX Venture Exchange.
The RSUs will vest in equal annual installments over three-years from the grant date. The DSUs
will vest upon the departure of the holder from the Company.
A copy of the Share Compensation Plan, approved by shareholders at the last annual general
meeting, is available on the Company’s website at www.surgecopper.com/investors/agm-
materials or on the Company’s profile on SEDAR+ at www.sedarplus.ca.
About Surge Copper Corp.
Surge Copper Corp. is a Canadian company that is advancing an emerging critical metals district
in a well-developed region of British Columbia, Canada. The Company owns a large, contiguous
mineral claim package that hosts multiple advanced porphyry deposits with pit-constrained NI 43-
101 compliant resources of copper, molybdenum, gold, and silver – metals which are critical
inputs to modern energy infrastructure and electrification technologies.
The Company owns a 100% interest in the Berg Project, for which it announced a maiden PEA
in June 2023 outlining a large-scale, long-life project with a simple design and high outputs of
critical minerals located in a safe jurisdiction near road, power, and port infrastructure. The PEA
highlights base case economics including an NPV8% of C$2.1 billion and an IRR of 20% based
on long-term commodity prices of US$4.00/lb copper, US$15.00/lb molybdenum, US$23.00/oz
silver, and US$1,800/oz gold. The Berg deposit contains pit-constrained 43-101 compliant
resources of copper, molybdenum, silver, and gold in the Measured, Indicated, and Inferred
categories. Details of the Berg Preliminary Economic Assessment are outlined in a technical
report titled “Berg Project NI 43-101 Technical Report and Preliminary Economic Assessment”
prepared by Ausenco Engineering Canada in conjunction with Moose Mountain Technical
Surge Copper Corp.
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Services, with an effective date of June 12, 2023. The report is authored by Kevin Murray and 6
other qualified persons and was issued to Surge Copper Corp. The report is available on the
Company’s website and on SEDAR+.
The Company also owns a 100% interest in the Ootsa Property, an advanced-stage exploration
project containing the Seel and Ox porphyry deposits located adjacent to the open pit Huckleberry
Copper Mine, owned by Imperial Metals. The Ootsa Property contains pit-constrained NI 43-101
compliant resources of copper, gold, molybdenum, and silver in the Measured, Indicated, and
Inferred categories.
On Behalf of the Board of Directors
“Leif Nilsson”
Chief Executive Officer
For Further information, please contact:
Riley Trimble, Corporate Communications & Development
Telephone: +1 604 639 3852
Email: [email protected]
Twitter: @SurgeCopper
LinkedIn: Surge Copper Corp
https://www.surgecopper.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
This News Release contains forward-looking statements, which relate to future events. In some
cases, you can identify forward-looking statements by terminology such as "will", "may", "should",
"expects", "plans", or "anticipates" or the negative of these terms or other comparable terminology.
All statements included herein, other than statements of historical fact, are forward-looking
statements, including but not limited to the Company’s plans regarding the Berg Project and the
Ootsa Property. These statements are only predictions and involve known and unknown risks,
uncertainties, and other factors that may cause the Company’s actual results, level of activity,
performance, or achievements to be materially different from any future results, levels of activity,
performance, or achievements expressed or implied by these forward-looking statements. Such
uncertainties and risks may include, among others, actual results of the Company's exploration
activities being different than those expected by management, delays in obtaining or failure to
obtain required government or other regulatory approvals, the ability to obtain adequate financing
to conduct its planned exploration programs, inability to procure labour, equipment, and supplies
in sufficient quantities and on a timely basis, equipment breakdown, and bad weather. While these
forward-looking statements, and any assumptions upon which they are based, are made in good
faith and reflect the Company's current judgment regarding the direction of its business, actual
results will almost always vary, sometimes materially, from any estimates, predictions, projections,
assumptions, or other future performance suggestions herein. Except as required by applicable
law, the Company does not intend to update any forward-looking statements to conform these
statements to actual results.