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South Africa's ARM to buy more shares in Canadian copper miner

16th August 2025

By: Creamer Media Reporter

     

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Diversified miner African Rainbow Minerals (ARM) has signed a subscription agreement to buy 25.78-million common shares in Canadian company Surge Copper Corp at a price of C$0.175 a share, for a total consideration of about C$4.51-million.

In addition to the shares in Surge Copper previously bought by ARM, the South African diversified miner now holds about 68.74-million shares – about 19.9% of Surge Copper's issued shares.

ARM says it has acquired the Surge Copper shares for investment purposes.

Surge Copper is advancing an emerging critical metals district in a well-developed region of British Columbia.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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