Leif Nilsson of Surge Copper Corp. presents at Metals Investor Forum in Vancouver | Sep 2026
Summary
Surge Copper's Berg project has entered British Columbia's environmental assessment with June pre-feasibility economics of $4.6-9.5 billion NPV and 24-36% IRR.
Initial reserves of 1.2 billion tonnes contain 5.8 billion pounds of copper plus molybdenum and silver, supporting a 28-year mine plan.
The $3.4 billion single-phase build implies capital intensity in line with recently commissioned copper projects, at about $24,000 per tonne of copper-equivalent capacity.
Porphyry copper deposits (large, lower-grade sources supplying two-thirds of world copper) underpin a top-10 global molybdenum and top-15 silver production profile.
Provincial and federal backing via the Critical Minerals Office and priority project listings signals policy support while the equity still trades at a peer discount.