Surge Copper Corp. announced a private placement to issue 41,373,414 common shares at a price of CAD0.095 per share for gross proceeds of CAD 3,930,474.33 on June 3, 2024. The transaction includes participation from new investor, African Rainbow Minerals Limited.

African Rainbow Minerals Limited representing approximately 15.0% of the issued and outstanding Surge Shares on a non-diluted basis.