12:06 PM EDT, 07/09/2025 (MT Newswires) -- Surge Copper ( SRGXF ) on Wednesday said it upsized a non-brokered equity financing to up to $10.4 million from $6.4 million.

The offering will now consist of a non-brokered private placement of up to 19.2-million shares at $0.175 apiece for proceeds of up to $3.4 million (LIFE offering); a non-brokered private placement of up to 9.4-million charity flow-through (CFT) shares at $0.265 apiece for up to $2.5 million and a concurrent private placement of up to 25.8-million shares at $0.175 apiece by a significant existing strategic investor, expected to raise up to $4.5 million.

The company said proceeds from the LIFE offering and the concurrent private placement will be used to fund engineering, environmental, and early-stage permitting activities at its flagship Berg project. Proceeds raised from the CFT offering will be used before Dec. 31, 2026, for exploration expenditures.

Shares of the company were last seen up $0.005 to $0.19 on the TSX Venture Exchange.

Price: 0.19, Change: +0.01, Percent Change: +2.70