Surge Copper’s Berg PFS posts after-tax NPV8% of C$4.6 billion and 24% IRR

Surge Copper released a pre-feasibility study (PFS) for its Berg copper project, outlining 1.2 billion tonnes of reserves containing 5.8 billion pounds of copper, 687 million pounds of molybdenum and 160 million ounces of silver. In the base case, the study estimates an after-tax NPV8% of C$4.6 billion and a 24% IRR. Using spot prices as of June 2026, the NPV8% rises to C$9.4 billion and the IRR to 36%. The company said Berg is among Canada’s largest undeveloped copper projects and can be developed as a standalone operation with low cash costs.