11:54 AM EDT, 07/29/2025 (MT Newswires) -- Surge Copper ( SRGXF ) on Tuesday said it raised $5.9 million in a non-brokered private placement of shares.

The offering consisted of 19.2-million shares at $0.175 each and 9.4-million charity flow-through shares (CFT shares) at $0.265 apiece.

The offering was completed under Listed Issuer Financing Exemptions, Surge said.

Proceeds from the CFT shares will be used for Canadian exploration expenses, while proceeds from the common shares component will be used to develop the Berg Project.

Surge Copper ( SRGXF ) was last seen down $0.005 to $0.165 on the TSX Venture Exchange.

Price: 0.17, Change: -0.01, Percent Change: -2.94