Surge Copper Corp (SURG) Financials
TSXV: SURG · Copper, Molybdenum, Silver · Advanced Exploration stage
- Market cap$164.3M
- Share price$0.420
- 52-week range$0.200 – $0.920
- Shares outstanding391,229,951
- ExchangeTSXV
- Websitewww.surgecopper.com
Surge Copper Corp. is a Canadian resource company advancing one of British Columbia's emerging copper districts. The Company's 100%-owned Berg Copper Project hosts a large-scale copper-molybdenum-silver deposit in central British Columbia supported by a Pre-Feasibility Study and Mineral Reserve estimate that establish a defined development pathway for a long-life copper project with significant molybdenum, silver, and gold by-product production. In addition to the Berg deposit, Surge controls a large, contiguous mineral claim package that includes multiple advanced porphyry deposits, including the Ox and Seel deposits adjacent to the past-producing Huckleberry Mine. Collectively, the Company's assets position Surge as a potential long-term contributor to Canada's critical minerals strategy through the responsible development of copper, molybdenum, and associated metals. Surge is committed to advancing its projects through early engagement with First Nations and local communities, with a focus on transparent communication, relationship building, and respectful, constructive dialogue.
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Surge Copper Corp financial statements
Key figures read from 40 of 40 financial statement filings, Nov 9, 2016 to Aug 25, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$18,824,919 | C$1,881,003 | C$84,658 | C$2,821,995 | C$7,822,852 |
| Total current assets | C$19,479,769 | C$2,197,405 | C$190,846 | C$2,969,389 | C$8,252,865 |
| Total current liabilities | C$2,614,724 | C$411,356 | C$850,550 | C$1,249,842 | C$1,567,013 |
| Working capital | C$16,865,045 | C$1,786,049 | (C$659,704) | C$1,719,547 | C$6,685,852 |
| Exploration and evaluation assets | C$62,040,363 | C$54,759,893 | C$51,057,481 | C$47,252,540 | C$38,859,786 |
| Property, plant and equipment | C$14,500 | C$18,892 | C$24,711 | C$33,653 | C$45,864 |
| Total assets | C$81,548,193 | C$57,016,874 | C$51,340,844 | C$50,350,510 | C$47,280,565 |
| Total liabilities | C$6,370,724 | C$4,573,728 | C$4,913,184 | C$5,650,209 | C$5,746,046 |
| Shareholders' equity | C$75,177,469 | C$52,443,146 | C$46,427,660 | C$44,700,301 | C$41,534,519 |
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Mar 2026 | FY Mar 2025 | FY Mar 2024 | FY Mar 2023 | FY Mar 2022 | |
|---|---|---|---|---|---|
| General and administrative | C$323,206 | C$201,952 | C$133,693 | C$192,810 | C$211,918 |
| Share-based compensation | C$2,122,067 | C$1,454,906 | C$1,297,014 | C$1,880,735 | C$2,287,802 |
| Net income (loss) | (C$4,565,679) | (C$2,051,401) | (C$1,734,589) | (C$2,112,414) | (C$4,889,505) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Mar 2026 | FY Mar 2025 | FY Mar 2024 | FY Mar 2023 | FY Mar 2022 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$2,360,112) | (C$1,928,967) | (C$849,755) | (C$871,360) | (C$1,562,686) |
| Investing cash flow | (C$7,086,366) | (C$3,560,382) | (C$2,031,832) | (C$8,247,423) | (C$7,835,599) |
| Financing cash flow | C$26,390,394 | C$7,285,694 | C$144,250 | C$4,117,926 | C$13,946,360 |
| Exploration spending (capitalized) | (C$6,784,171) | (C$3,543,099) | (C$2,022,344) | (C$8,114,069) | (C$7,797,459) |
| Property, plant and equipment spending | — | — | — | C$0 | (C$34,270) |
| Proceeds from share issues | C$26,630,106 | C$7,364,661 | C$168,916 | C$4,208,051 | C$15,050,346 |
| Change in cash | C$16,943,916 | (C$1,796,345) | (C$2,737,337) | (C$5,000,857) | C$4,548,075 |
| Cash at end of period | C$18,824,919 | C$1,881,003 | C$84,658 | C$2,821,995 | C$7,822,852 |
Surge Copper Corp financings
5 financings announced or closed by Surge Copper Corp, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-02-10 | Surge Copper Corp (SURG) | Private placement, non-brokered | Closed, 2 tranches | $20.0M | $0.500 | Surge Copper Announces $15 Million Private Placement to Advance Berg Project |
| 2025-07-09 | Surge Copper Corp (SURG) | Flow-through, LIFE offering, non-brokered | Closed, 1 tranche | $10.4M | $0.175 | Surge Copper Announces Upsize of Private Placement to $10.4 Million |
| 2024-07-19 | Surge Copper Corp (SURG) | Flow-through | Announced | $237K | $0.150 | Surge Copper Commences 2024 Field Program and Closes Top-Up Subscription by ARM |
| 2024-06-06 | Surge Copper Corp (SURG) | Flow-through, non-brokered | Closed, 1 tranche | $2.2M | $0.245 | Surge Copper Announces $1.6M FT Offering To Accelerate Exploration at Berg Project |
| 2024-04-10 | Surge Copper Corp (SURG) | Private placement, non-brokered | Closed, 1 tranche | $1.0M | $0.100 | Surge Copper Outlines Pre-Feasibility Technical Work Programs at Berg and Announces Additional Private Placement for up to $1.0 million |