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Leif Nilsson of Surge Copper Corp. talks to Brian Leni | Metals Investor Forum Sept. 2026

Metals Investor Forum Sep 25, 2026 11:14

Summary

Surge Copper's Berg pre-feasibility study shows $4.6 billion Canadian after-tax NPV (net present value — discounted future cash flow), 24% IRR, 2.8-year payback at $4.75 copper.

At today's spot copper price those economics improve to roughly $9.5 billion NPV and 36% IRR with payback under two years.

Initial reserves near 1.2 billion tonnes holding about 10.5 billion pounds copper equivalent position Berg to rank as Canada's second-largest copper mine.

Formal acceptance into British Columbia's environmental assessment, the Critical Minerals Office and Look West priority list build permitting momentum toward a final investment decision.

Three drill rigs advance feasibility-level technical work while Berg joined the Canada Investment Summit deal book courting global institutional capital.

Mark Carney's takeaways

  • Top takeaway The CEO describes the Canada Investment Summit held in Toronto that week as a personal initiative of Prime Minister Mark Carney, drawing on his former-central-banker relationships to bring 200 to 300 senior investors from sovereign wealth funds and pension funds to a Davos-style summit.
  • He says the summit's deal book of Canadian investment opportunities across energy, defense technology and critical minerals included the Berg Copper Project.