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

TORONTO, Aug. 15, 2025 (GLOBE NEWSWIRE) -- African Rainbow Minerals Limited (JSE: ARI) (A2X: ARI) (“ARM”) announces that it has signed a subscription agreement agreeing to purchase 25,781,715 common shares (“Common Shares”) of Surge Copper Corp. (“Surge”) at a price of C$0.175 per Common Share for total consideration of approximately C$4,511,800.13 (the “Subscription Agreement”) pursuant to a non-brokered private placement (the “Private Placement”).