Surge Copper Strengthens Board with Appointment of Dr. Paul West-Sells
January 06 2025 - 7:00AM
Surge Copper Corp.
(TSXV: SURG)
(OTCQB: SRGXF)
(Frankfurt: G6D2) (“Surge” or the
“Company”) is pleased to announce the appointment of Dr.
Paul West-Sells to the Company’s board of directors.
Dr. West-Sells brings a wealth of experience
from a distinguished career spanning nearly three decades in the
mining industry. He previously held various technical and senior
executive roles at Western Copper and Gold Corporation between 2006
and 2024, including Chief Operating Officer, Chief Executive
Officer, and President. During his tenure, Dr. West-Sells led the
advancement of the Casino Project through multiple feasibility
studies, environmental assessment and permitting efforts, and
extensive engagement with First Nations and key governmental,
strategic, and financial stakeholders.
Earlier in his career, Dr. West-Sells worked
with major mining companies such as BHP, Placer Dome, and Barrick
in senior technical roles focused on Research & Development and
Project Development. He holds a Ph.D. in Metallurgical Engineering
from the University of British Columbia.
Leif Nilsson, Chief Executive Officer,
commented: “We are delighted to welcome Paul to our Board. His
extensive multi-disciplinary expertise and proven leadership in
advancing large mining projects will be invaluable as we continue
to develop the Berg and Ootsa Projects. Attracting someone of
Paul’s calibre underscores the exceptional quality and potential of
our projects and the exciting opportunities ahead for Surge.”
In connection with the appointment, the board of directors of
the Company has approved a grant of 350,000 deferred share units to
Dr. West-Sells.
About Surge Copper Corp.
Surge Copper Corp. is a Canadian company that is
advancing an emerging critical metals district in a well-developed
region of British Columbia, Canada. The Company owns a large,
contiguous mineral claim package that hosts multiple advanced
porphyry deposits with pit-constrained NI 43-101 compliant
resources of copper, molybdenum, gold, and silver – metals which
are critical inputs to modern energy infrastructure and
electrification technologies.
The Company owns a 100% interest in the Berg
Project, for which it announced a maiden PEA in June 2023 outlining
a large-scale, long-life project with a simple design and high
outputs of critical minerals located in a safe jurisdiction near
world-class infrastructure. The PEA highlights base case economics
including an NPV8% of C$2.1 billion and an IRR of 20% based on
long-term commodity prices of US$4.00/lb copper, US$15.00/lb
molybdenum, US$23.00/oz silver, and US$1,800/oz gold. The Berg
deposit contains pit-constrained 43-101 compliant resources of
copper, molybdenum, silver, and gold in the Measured, Indicated,
and Inferred categories.
The Company also owns a 100% interest in the
Ootsa Property, an advanced-stage exploration project containing
the Seel and Ox porphyry deposits located adjacent to the open pit
Huckleberry Copper Mine, owned by Imperial Metals. The Ootsa
Property contains pit-constrained NI 43-101 compliant resources of
copper, gold, molybdenum, and silver in the Measured, Indicated,
and Inferred categories.
On Behalf of the Board of
Directors
“Leif Nilsson”Chief Executive Officer
For further information, please contact:Riley
Trimble, Corporate Communications & DevelopmentTelephone: +1
604 639 3852Email: info@surgecopper.comTwitter:
@SurgeCopperLinkedIn: Surge Copper
Corphttps://www.surgecopper.com
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
This News Release contains forward-looking
statements, which relate to future events. In some cases, you can
identify forward-looking statements by terminology such as "will",
"may", "should", "expects", "plans", or "anticipates" or the
negative of these terms or other comparable terminology. All
statements included herein, other than statements of historical
fact, are forward-looking statements, including but not limited to
the Company’s plans regarding the Berg Project and the Ootsa
Property. These statements are only predictions and involve known
and unknown risks, uncertainties, and other factors that may cause
the Company’s actual results, level of activity, performance, or
achievements to be materially different from any future results,
levels of activity, performance, or achievements expressed or
implied by these forward-looking statements. Such uncertainties and
risks may include, among others, actual results of the Company's
exploration activities being different than those expected by
management, delays in obtaining or failure to obtain required
government or other regulatory approvals, the ability to obtain
adequate financing to conduct its planned exploration programs,
inability to procure labour, equipment, and supplies in sufficient
quantities and on a timely basis, equipment breakdown, impacts of
the current coronavirus pandemic, and bad weather. While these
forward-looking statements, and any assumptions upon which they are
based, are made in good faith and reflect the Company's current
judgment regarding the direction of its business, actual results
will almost always vary, sometimes materially, from any estimates,
predictions, projections, assumptions, or other future performance
suggestions herein. Except as required by applicable law, the
Company does not intend to update any forward-looking statements to
conform these statements to actual results.
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