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Building a top five Canadian copper mine: Surge Copper's Leif Nilsson says PFS is due in 2026

Jan 8, 2026
Leif Nilsson, CEO of Surge Copper, is orchestrating the advancement of the Berg copper-molybdenum project in British Columbia. He details the roadmap for a pre-feasibility study set for 2026, emphasizing scaling up operations and resource expansion. Leif discusses significant metallurgical improvements and how federal tax incentives are enhancing project economics. He also highlights Berg's strategic location and infrastructure advantages, while addressing the current M&A landscape for Canadian copper assets.
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INSIGHT

Bigger Resource And Higher Recoveries Coming

  • Surge Copper expects a larger resource and higher metal recoveries in the PFS versus the 2023 PEA.
  • Increased throughput and recent metallurgical work will lift recovered copper and molybdenum volumes materially.
ADVICE

Use Tax Credits In Design Optimization

  • Design changes reflect both better recoveries and new tax incentives from Budget 2025.
  • Incorporate refundable tax credits and higher throughput into economic models to optimize project economics.
INSIGHT

Throughput Lift, Similar Mine Life

  • Surge plans to raise mill throughput from ~90,000 tpd to ~120,000 tpd while keeping mine life similar.
  • That change increases annual metal output and changes CapEx/OpEx dynamics compared with the PEA.
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