03:57 PM EDT, 08/14/2025 (MT Newswires) -- Surge Copper ( SRGXF ) on Thursday said exploration work at its Berg copper-molybdenum-precious metals project is continuing as it wraps up a 1,500-meter drilling program ahead of a resource update and pre-feasibility study for the site.

The company said the field program at the project is nearing resource drilling completion, completion, though it may opt for further drilling on priority targets. Also, the first geotechnical hole has now been completed, initiating a program to characterize ground conditions at proposed infrastructure areas of the project footprint.

Additional work across the site includes geophysical surveys, environmental baseline studies, and logistical field preparations such as pad construction and line cutting.

Surge also said a $4.5-million private placement of shares to a strategic investor announced in July is awaiting regulatory approval from South Africa. It expects to close the placement within four weeks.

The company's shares were last seen up $0.005 to C$$0.155 on the TSX Venture Exchange.

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