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Latest Surge Copper Stock News | OTC:SRGXF | Benzinga

Surge Copper Corp is a Canadian company engaged in the acquisition, exploration, and development of mineral properties hosting copper, gold, silver, and molybdenum prospects. The firm owns Ootsa Property, located in central British Columbia. The Company owns a 100% interest in the Ootsa Property, an exploration project containing the East Seel, West Seel, and Ox porphyry deposits located adjacent to the open pit Huckleberry Copper Mine, owned by Imperial Metals.

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Jr. Starts Drilling on BC Copper-Molybdenum Project

Surge Copper Corp

Surge Copper outlines technical work program to help support Pre-Feasibility at Berg Project

TSXV:SURG

Surge Copper

Source: <a href="https://www.streetwisereports.com/article/2024/10/02/jr-starts-drilling-on-bc-copper-molybdenum-project.html?utm_medium=feed">Streetwise Reports 10/02/2024</a>

Interra Copper Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/IMIMF#OTC">IMIMF</a>) announced it has started its Phase One drilling program at its RIP Copper Project in the Stikine region of British Columbia.

RIP is about 33 kilometers northeast of Imperial Metals Corp.&#39;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/IPMLF#OTC">IPMLF</a>) past-producing Huckleberry copper-molybdenum (Cu-Mo) mine and Surge Copper Corp.&#39;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SRGXF#OTC">SRGXF</a>) advanced-stage Ox, Seal, and Berg projects, the company said. Imperial continues to explore Huckleberry and its surrounding claims for additional Cu-Mo resources.

&quot;We are excited to drill these two classic porphyry copper-moly deposit style bullseye targets&quot; Interra Chief Executive Officer Brian Thurston said. &quot;In well-established porphyry districts like this one, it is unusual to have untested classic porphyry targets, but at RIP, one of the targets is entirely untested by diamond drilling, and the other target was only tested with a single diamond drill hole, which was aimed away from the center of the bullseye, and nevertheless hit encouraging mineralization.&quot;

This first-phase drill program of about 2,000 meters will be run out of the Huckleberry mine site camp about 88 kilometers from Houston, British Columbia, the company said. The first drill hole will target the northernmost center of two induced polarization (IP) anomalies defined by recent geophysical surveys, airborne magnetics, and 3D IP, the company said.

&quot;The geophysical surveys suggest potential for two porphyry Cu-Mo mineralized centers&quot; Interra said in a release. &quot;The northernmost center coincides with outcropping porphyry Cu-Mo mineralization and comprises a coincident magnetic/resistivity high, surrounded by a large &#39;doughnut&#39; shaped chargeability high (&gt;35 mV/V) with a diameter of approximately 1 kilometer.&quot;

According to the company, the second potential porphyry Cu-Mo center is about 1.1 kilometers to the south, comprising a similar magnetic high surrounded by a &quot;doughnut&quot; shaped chargeability high (&gt;35 mV/V).

&quot;This southern potential porphyry center is entirely covered by overburden with a diameter of approximately 850 meters&quot; the company said.

<h2>Analyst: Huge Upside Potential</h2>

Interra&#39;s stock is &quot;extremely undervalued on both fundamental and technical grounds&quot; and is &quot;rated an Immediate Strong Buy&quot; according to Technical Analyst Clive Maund.&#x2A;

&quot;We have a rare and unusual situation where there is huge upside potential, especially in percentage terms . . . The risk/reward ratio is massively skewed in favor of buyers of the stock here&quot; Maund wrote on August 13.

Maund noted that &quot;when we consider the now favorable outlook both for the company following successful financings and the prices of the metals it is looking to produce, primarily copper and gold, it quickly becomes clear that there is a whole lot of upside for the stock.&quot;

Interra entered into an option agreement with ArcWest Exploration Inc. to acquire an 80% interest the RIP Cu-Mo project in 2023. The company can earn the first tier of its interest in the project by completing staged exploration work totaling CA$2 million, direct payment of CA$100,000, and annual share payments over four years until the end of 2027.

&quot;Interra is currently fully funded for, and anticipates it will likely exceed, its 2024 and 2025 obligations for the earn-in of CA$300,000 and CA$500,000 in expenditures, respectively&quot; Interra noted.

<h2>Experts Agree on Copper&#39;s Outlook</h2>

Copper is vital for the energy transition in the world&#39;s economy. It&#39;s the best natural conductor of electricity outside of silver and it&#39;s needed for everything from batteries to solar panels. Electric vehicles contain as much as 175 pounds of copper. Power-hungry artificial intelligence (AI) is also expected to put a squeeze on electricity demand.

The &quot;battle cry of the energy transition is &#39;Electrify everything,&#39;&quot; Vince Beiser wrote for WIRED. That translates into a lot of copper, which &quot;we need it to massively expand and upgrade the countless miles of power cables that undergird the energy grid in practically every country&quot; the author wrote. &quot;In the United States, the capacity of the electric grid will have to grow as much as threefold to meet the expected demand.&quot;

The metal traded at US$4.72 per pound on Monday, up 8.93% from last week and 21.08% since the beginning of the year, USA Today reported. It reached a 52-week high of $5.18 on May 20, 2024.

According to Credendo, demand for copper could double by 2035. New copper production &mdash; and investment in exploration &mdash; will be needed to fuel the supply of those vehicles in the long term, analysts have said.

An informal poll of attendees at a London Metal Exchange seminar on Monday showed that 46% of attendees said copper was the base metal that is likely to have the most upside, slightly down from last year&#39;s 53%, Reuters reported.

<h2>Ownership and Share Structure</h2>

Interra has 42.6 million shares outstanding, according to the company. It said about 25% of the company is owned by management, directors, insiders, and other closely affiliated parties, leaving about 75% to retail.

Top shareholders, according to Reuters, include Raymond Christopher Buncic with 1.86%, Richard Mark Gittleman with 1.69%, Director Jason A. Nickel with 1.48%, Director Mike Ciricillo with 1.27%, and Director Mark Daniel Cruse with 0.59%.

The company has a market cap of CA$4.48 million and trades in a 52-week range of CA$0.32 and CA$0.08.

Important Disclosures:

<ol>
	<li>Interra Copper Corp. has a consulting relationship with Street Smart an affiliate of Streetwise Reports. Street Smart Clients pay a monthly consulting fee between US$8,000 and US$20,000.</li>
	<li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Interra Copper Corp.</li>
	<li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li>
	<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
	<li>&#x2A; Disclosures for the quotes from the Clive Maund article published on August 13, 2024</li>
	<li>For the quoted article (published on August 13, 2024), the Company has paid Street Smart, an affiliate of Streetwise Reports, US$2,500.</li>
	<li>Author Certification and Compensation: [Clive Maund of clivemaund] is being compensated as an independent contractor by Street Smart, an affiliate of Streetwise Reports, for writing the article quoted. Maund received his UK Technical Analysts&#39; Diploma in 1989. The recommendations and opinions expressed in the article accurately reflect the personal, independent, and objective views of the author regarding any and all of the designated securities discussed. No part of the compensation received by the author was, is, or will be directly or indirectly related to the specific recommendations or views expressed</li>
</ol>

Clivemaund&nbsp;Disclosures

The quoted article represents the opinion and analysis of Mr. Maund, based on data available to him, at the time of writing. Mr. Maund&#39;s opinions are his own, and are not a recommendation or an offer to buy or sell securities. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund&#39;s opinions on the market and stocks cannot be only be construed as a recommendation or solicitation to buy and sell securities.

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Latest Surge Copper Stock News | OTC:SRGXF | Benzinga

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