Surge Copper Announces Grant of Equity Incentive Awards and Completion of MacLean East Property Agreement

About this update from Surge Copper Corp.

[{"type":"text","content":"Surge Copper Announces Grant of Equity Incentive Awards and Completion of MacLean East Property Agreement\n\n\n\n Vancouver, British Columbia, Feb. 28, 2025 (GLOBE NEWSWIRE) --\n \n Surge Copper Corp. (TSXV:\n \n\n\n\n SURG\n \n\n\n\n ) (OTCQB:\n \n\n\n\n SRGXF\n \n\n\n\n ) (Frankfurt:\n \n\n\n\n G6D2\n \n\n\n\n ) (“Surge” or the “Company”)\n \n announces the grant of equity-based incentive awards under its Share Compensation Plan. The Company has awarded 4,583,334 restricted share units (RSUs) to employees and executives, and 3,431,372 deferred share units (DSUs) to non-executive directors, both based on the 5-day volume weighted average price on the TSX Venture Exchange.\n \n\n\n\n The RSUs will vest in equal annual installments over three-years from the grant date. The DSUs, which are cash-settled, will vest upon the departure of the holder from the Company.\n \n\n\n\n A copy of the Share Compensation Plan, approved by shareholders at the last annual general meeting, is available on the Company’s website at\n \n\n www.surgecopper.com/investors/agm-materials\n \n\n or on the Company’s profile on SEDAR+ at\n \n\n www.sedarplus.ca\n \n\n .\n \n\n\n\n\n MacLean East Property Acquisition\n \n\n\n\n\n The Company has received TSX Venture Exchange approval for the MacLean East Property option agreement (see\n \n\n December 13, 2024 press release\n \n\n ). The option agreement has been amended to cap the maximum number of Surge shares issuable at 18,722,222, with any remaining amounts owing, if any, to be paid in cash.\n \n\n\n\n\n About Surge Copper Corp.\n \n\n\n\n\n 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.\n \n\n\n\n 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. ...

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