Surge Copper Corp. has announced an increase in its previously disclosed non-brokered private placement, now targeting gross proceeds of $20 million. The offering will consist of 40 million units priced at $0.50 each. Proceeds are intended to advance Surge Copper’s mineral exploration and development projects, including the Berg and Ootsa projects, as well as for general corporate purposes. The offering, which may be completed in multiple tranches, is subject to regulatory approvals and is expected to close on or about February 26, 2026. Certain finders may receive cash fees of up to 6% of eligible funds raised, but no broker warrants will be issued. The securities will not be registered under U.S. securities laws and cannot be offered or sold in the United States without appropriate exemptions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Surge Copper Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9653471-en) on February 12, 2026, and is solely responsible for the information contained therein.