Surge Copper Announces Renewal of Communications and Engagement Agreement with the Office of the Wet’suwet’en and Thin House of the Gilseyhu Clan
PO Box 10351 888-700 West Georgia Street, Vancouver, BC, Canada, V7Y 1G5
www.surgecopper.com
TSX-V: SURG
OTCQB: SRGXF
Frankfurt: G6D2
Telephone: +1 (604) 781-5454
Email: [email protected]
July 9, 2024
NEWS RELEASE
Surge Copper Announces Renewal of Communications and Engagement Agreement with
the Office of the Wet’suwet’en and Thin House of the Gilseyhu Clan
July 9, 2024, Vancouver, British Columbia – Surge Copper Corp. (TSXV: SURG) (OTCQB:
SRGXF) (Frankfurt: G6D2) (“Surge” or the “Company”) is pleased to announce that it has
signed a renewed Communications and Engagement Agreement ( “CEA”) with the Office of the
Wet’suwet’en (“OW”) and Thin House of the Gilseyhu Clan of the Wet’suwet’en Nation . The
agreement updates the longstanding collaboration that Surge and OW have maintained in good
standing prior to the renewal.
The CEA formalizes the communications and protocols that Surge will use to engage with OW
and its communities, focusing on mutual respect for values, perspectives, interests, and
aspirations; avoiding adverse impacts on Wet’suwet’en Title and Rights; and mitigating adverse
environmental and socio-economic impacts. Importantly, the CEA recognizes the Wet’suwet’en
Nation’s need for a comprehensive understanding of the project at all stages of development. The
CEA also includes provisions for capacity building and economic opportunities , promoting
reconciliation and setting the stage for further agreements as our projects advance.
Leif Nilsson, Chief Executive Officer, commented: “Surge is committed to the principles of Free,
Prior, and Informed Consent and we are enthusiastic that the Office of the Wet’suwet’en , and
specifically members of the Thin House within the Gilseyhu Clan, on whose traditional territory
the Berg project lies, are working with us in partnership to provide knowledge and a discussion
forum as we look to advance Surge’s projects. We understand that gaining consent through
project understanding, partnerships, and relationship building is a long-term effort. We are grateful
for the communities’ willingness to work with us toward those goals. The entire team at Surge
expresses their gratitude to the personnel and leadership at OW for their persistence and efforts
in ensuring the agreement meets the needs and desires of all parties.”
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-
Surge Copper Corp. 2
101 compliant resources of copper, molybdenum, gold, and silver – metals which are critical
inputs to the low-carbon energy transition and associated 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 world -class 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.
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: +1 604 416 2978
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 planned technical work programs in support of a pre-
feasibility study for the Berg Project, including timing and results thereof, along with the timing for
announcing same; and 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, impacts of the current coronavi rus
Surge Copper Corp. 3
pandemic, 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.