SURG

Surge Copper Announces C$3.8 Million Strategic Investment by African Rainbow Minerals Limited

Retrieved on: 
Tuesday, April 2, 2024
Copper, IRA, National Instrument 43-101, TSX Venture Exchange, SURG, South African Reserve Bank, News, ARM, Acquisition, National instrument, TSX, Concurrency, Strategy, ARI, Qualified person (European Union), Security (finance)

Vancouver, British Columbia, April 02, 2024 (GLOBE NEWSWIRE) -- Surge Copper Corp. (TSXV: SURG ) (OTCQB: SRGXF ) (Frankfurt: G6D2 ) (“Surge” or the “Company”) is pleased to announce that it has entered into a subscription agreement for a private placement financing (the “Strategic Placement”) with a new cornerstone strategic investor, African Rainbow Minerals Limited (JSE: ARI) (“ARM”).

Key Points: 
  • Vancouver, British Columbia, April 02, 2024 (GLOBE NEWSWIRE) -- Surge Copper Corp. (TSXV: SURG ) (OTCQB: SRGXF ) (Frankfurt: G6D2 ) (“Surge” or the “Company”) is pleased to announce that it has entered into a subscription agreement for a private placement financing (the “Strategic Placement”) with a new cornerstone strategic investor, African Rainbow Minerals Limited (JSE: ARI) (“ARM”).
  • Under the terms of the Strategic Placement, ARM, through its wholly-owned subsidiary ARM Copper Company Proprietary Limited (“ARM Copper”), will subscribe for 39,608,708 common shares (the “Strategic Placement Common Shares”) of Surge at C$0.095 per Strategic Placement Common Share, representing an approximately 18% premium to the 20-day volume weighted average price of the Company’s common shares on the TSX Venture Exchange as at April 1, 2024, for gross proceeds of approximately C$3,762,827.
  • Upon completion of the Strategic Placement, ARM (through ARM Copper) will own 15.0% of Surge’s issued and outstanding common shares on a non-diluted basis.
  • Leif Nilsson, Chief Executive Officer, commented: “We are excited to be welcoming ARM as a strategic investor into Surge.

SurgePays Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Tuesday, March 12, 2024
ACP, Congress, SURG, Tablet, Acquisition, MVNO, Marketing, Video game

BARTLETT, Tenn., March 12, 2024 (GLOBE NEWSWIRE) -- SurgePays, Inc. (Nasdaq: SURG) (“SurgePays” or the “Company”), a technology and telecom company focused on the underbanked and underserved, today announced its financial results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • BARTLETT, Tenn., March 12, 2024 (GLOBE NEWSWIRE) -- SurgePays, Inc. (Nasdaq: SURG) (“SurgePays” or the “Company”), a technology and telecom company focused on the underbanked and underserved, today announced its financial results for the fourth quarter and full year ended December 31, 2023.
  • Revenue of $137.1 million for the full year 2023 and $32.3 million for the fourth quarter, changes of 13% and -11% over the prior year periods, respectively.
  • Net income of $20.6 million for the full year 2023 and $3.0 million for the fourth quarter.
  • Chairman and CEO Brian Cox commented on the year’s results, “2023 was an excellent year for SurgePays.

SurgePays Announces Fourth Quarter and Full Year 2023 Earnings Release and Conference Call

Retrieved on: 
Tuesday, March 5, 2024
Telecommunications, SURG, Internet service provider

BARTLETT, Tenn., March 05, 2024 (GLOBE NEWSWIRE) -- SurgePays, Inc. (Nasdaq: SURG) (“SurgePays” or the “Company”), a technology and telecommunications company focused on the underbanked and underserved communities announced today that management will host a live conference call and webcast to discuss its fourth quarter and full year 2023 earnings on March 12, 2024, at 5:00pm ET.

Key Points: 
  • BARTLETT, Tenn., March 05, 2024 (GLOBE NEWSWIRE) -- SurgePays, Inc. (Nasdaq: SURG) (“SurgePays” or the “Company”), a technology and telecommunications company focused on the underbanked and underserved communities announced today that management will host a live conference call and webcast to discuss its fourth quarter and full year 2023 earnings on March 12, 2024, at 5:00pm ET.
  • Telephone access to the call will be available at 800-267-6316 (in the U.S.) or by dialing 203-518-9783 (outside U.S.) using the conference ID: SURGE.
  • A telephone replay will be available approximately one hour following completion of the call through March 26, 2024.
  • To access the replay, please dial 844-512-2921 (in the U.S.) or 412-317-6671 (outside U.S.).

Congressman David Kustoff Visits SurgePays Headquarters in Bartlett, Tenn.

Retrieved on: 
Tuesday, February 27, 2024
Special, Social, Pleasure, Field, Learning, Social Security, Member of Congress, SURG, ACP, Telecommunications

Congressman Kustoff’s team included District Director Ed Jackson, Field Representative Isaac Weston and Special Assistant Billy Masters.

Key Points: 
  • Congressman Kustoff’s team included District Director Ed Jackson, Field Representative Isaac Weston and Special Assistant Billy Masters.
  • “It was a pleasure to visit SurgePays and meet with CEO Brian Cox,” said Congressman Kustoff.
  • Thank you for having me.”
    “We’re thankful to Congressman David Kustoff for his visit and for wanting to meet our outstanding team while learning more about SurgePays and our commitment to the underbanked and underserved markets in America,” said Mr. Cox.
  • “It’s a privilege to have a congressman genuinely interested in the folks he represents.”
    For more information on SurgePays, please visit the Company's investor relations website at ir.surgepays.com.

SurgePays Taps Derron Winfrey as Vice President

Retrieved on: 
Friday, February 16, 2024
ISO, Acquisition, ECS, IPP, ATM, Derron Smith, Wichita State University, University, SURG, Optical disc image, Telecommunications

BARTLETT, Tenn., Feb. 16, 2024 (GLOBE NEWSWIRE) -- SurgePays, Inc. (Nasdaq: SURG) (“SurgePays” or the “Company”), a technology and telecommunications company focused on the underbanked and underserved communities, announced today the appointment of Fintech and prepaid industry veteran Derron Winfrey as vice president, business development of the Company.

Key Points: 
  • BARTLETT, Tenn., Feb. 16, 2024 (GLOBE NEWSWIRE) -- SurgePays, Inc. (Nasdaq: SURG) (“SurgePays” or the “Company”), a technology and telecommunications company focused on the underbanked and underserved communities, announced today the appointment of Fintech and prepaid industry veteran Derron Winfrey as vice president, business development of the Company.
  • Upon joining SurgePays, he became president of SurgePays' prepaid division and has been serving in various business development and advisory roles.
  • In his new position, Mr. Winfrey will work with SurgePays President Jeremy Gies to help drive innovation by discovering, developing, and implementing new fintech products and services.
  • "Derron helped build the foundation of SurgePays' prepaid business," said Jeremy Gies, president of SurgePays.

Surge Copper Announces 2023 Surface Exploration Results Identifies New Porphyry Exploration Target Adjacent to Berg

Retrieved on: 
Wednesday, February 7, 2024
Copper, Molybdenum, Table, ISO/IEC 17025, Geology, RH, Figure, Element, Map, Silver, XRF, Soil, Anomaly, Cross, Telkwa, TSX, SURG, Metal, TSX Venture Exchange, Quartz, Gold, Telkwa Formation, ICP, Rare-earth element

A large exploration target immediately adjacent to the Berg deposit has been identified and termed the SW Berg Target.

Key Points: 
  • A large exploration target immediately adjacent to the Berg deposit has been identified and termed the SW Berg Target.
  • A large exploration target immediately adjacent to the Berg deposit has been identified and is termed the SW Berg Target.
  • The East Sibola copper in soil target has been significantly expanded during 2023 work and is a second high priority untested exploration target.
  • Figure 2 shows a compilation map over the Berg - SW Berg Target area with a 2007 induced polarization geophysical survey that partially covers the SW Berg Target.

Surge Copper Intersects 418 metres grading 0.38% CuEq including 40 metres grading 0.47% CuEq at the Berg Deposit

Retrieved on: 
Wednesday, January 31, 2024
Copper, Molybdenum, Silver, 3D, SURG, Measurement, Mining

The hole was drilled toward the east at a dip of -65 degrees to a total depth of 660 metres.

Key Points: 
  • The hole was drilled toward the east at a dip of -65 degrees to a total depth of 660 metres.
  • The hole returned 646 metres grading 0.33% copper equivalent (0.21% copper, 0.034% molybdenum, 3.3 g/t silver, and 0.02 g/t gold) from 14 metres depth to the end of the hole at 660 metres depth.
  • Within this interval is a higher-grade zone of hypogene mineralization returning 40 metres grading 0.47% copper equivalent (0.35% copper, 0.030% molybdenum, 4.1 g/t silver, and 0.03 g/t gold) from 352 metres depth.
  • Hole BRG23-245 encountered a silver rich quartz-carbonate-sphalerite-galena-pyrite-chalcopyrite vein that returned 2110 g/t silver over 1.53 metres from 303 metres depth.

SurgePays Announces Strategic Partnership with SIN PIN

Retrieved on: 
Tuesday, January 23, 2024
Partnership, Telecommunications, Affordable Connectivity Program, SURG, ACP, SIN, Growth, Mobile phone

President of SurgePays, Jeremy Gies, said, “SIN PIN provides us thousands of distribution points to service immigrant populations beyond the traditional convenience store.

Key Points: 
  • President of SurgePays, Jeremy Gies, said, “SIN PIN provides us thousands of distribution points to service immigrant populations beyond the traditional convenience store.
  • We are planning on making an impact in the Hispanic wireless market.”
    The distribution agreement provides SIN PIN integrated access to the SurgePays software platform to activate prepaid wireless subscribers and allow consumers to apply for the Affordable Connectivity Program (ACP) at thousands of retail locations.
  • "We are very happy to work with a strong partner like SurgePays.
  • This strategic partnership with SurgePays will enable SIN PIN to bring cost savings prepaid wireless and the ACP to our customers and help enrich their lives," said Alexander Barnes, COO of SIN PIN.

SurgePays Announces Closing of $15 Million Public Offering

Retrieved on: 
Monday, January 22, 2024
Titan, SURG, Prospectus, Sale, Security (finance)

BARTLETT, Tenn., Jan. 22, 2024 (GLOBE NEWSWIRE) -- SurgePays, Inc. (Nasdaq: SURG) (“SurgePays”), a technology and telecom company focused on the underbanked and underserved communities, announced today the closing of its previously announced underwritten public offering of 2,678,571 shares of its common stock.

Key Points: 
  • BARTLETT, Tenn., Jan. 22, 2024 (GLOBE NEWSWIRE) -- SurgePays, Inc. (Nasdaq: SURG) (“SurgePays”), a technology and telecom company focused on the underbanked and underserved communities, announced today the closing of its previously announced underwritten public offering of 2,678,571 shares of its common stock.
  • Each share of common stock was sold at a price to the public of $5.60 per share of common stock.
  • The gross proceeds to SurgePays from this offering are expected to be approximately $15 million, before deducting the underwriting discounts and commissions and other estimated offering expenses payable by SurgePays.
  • Titan Partners Group, a division of American Capital Partners, acted as sole book-running manager for the offering.

Surge Copper Intersects 548 metres grading 0.36% CuEq including 30 metres grading 0.61% CuEq at the Berg Deposit

Retrieved on: 
Monday, January 22, 2024
Learning, SURG, Molybdenum, Measurement, Copper, News, Combined, Mining

The hole returned 627 metres grading 0.35% copper equivalent (0.25% copper, 0.026% molybdenum, 3.5 g/t silver, and 0.02 g/t gold) from 12 metres depth to the end of the hole at 639 metres depth.

Key Points: 
  • The hole returned 627 metres grading 0.35% copper equivalent (0.25% copper, 0.026% molybdenum, 3.5 g/t silver, and 0.02 g/t gold) from 12 metres depth to the end of the hole at 639 metres depth.
  • Within this interval is a continuous zone of copper mineralization returning 548 metres grading 0.36% copper equivalent (0.28% copper, 0.018% molybdenum, 3.6 g/t silver, and 0.02 g/t gold) from 12 metres depth to the edge of the Berg Stock at 560 metres depth.
  • The supergene sulfide zone returned higher grades including 108 metres of 0.46% copper equivalent (0.42% copper, 0.007% molybdenum, 2.6 g/t silver, and 0.03 g/t gold) from 28 metres depth, including a sub interval of 30 metres grading 0.61% copper equivalent (0.56% copper, 0.007% molybdenum, 3.0 g/t silver, and 0.04 g/t gold) from 28 metres depth.
  • The hole ended within molybdenum mineralized Berg Stock returning 79 metres grading 0.085% molybdenum, 0.07% copper, and 2.8 g/t silver from 560 metres to the end of the hole at 639 metres.