African Rainbow Minerals Limited to Acquire Shares of Surge Copper Corp.

African Rainbow Minerals Limited to Acquire Shares of Surge Copper Corp.

TORONTO, March 31, 2026 (GLOBE NEWSWIRE) -- African Rainbow Minerals Limited (JSE: ARI) (A2X: ARI) (“ARM”) announces that it has signed a subscription agreement (the “Subscription Agreement”) pursuant to which ARM agreed to purchase 7,960,000 units (“Units”) of Surge Copper…

ARM buys stake in Canadian copper firm Surge Copper

African Rainbow Minerals, the mining group chaired by South African billionaire Patrice Motsepe, is buying into a Canadian copper explorer through a private placement that will give it just under a 20% stake in Surge Copper Corp.ARM signed a subscription agreement to purchase 7,960,000 units of Surge at CAD0.50 per unit, for total consideration of CAD3.98 million. Each unit consists of one common share and one common share purchase warrant, givi…