Thompson Creek Metals Company Inc., a wholly owned subsidiary of Centerra Gold Inc., announced on September 23, 2025, that its securityholding percentage in Surge Copper Corp. has decreased to less than 10%. The subsidiary now owns 33,075,383 common shares of Surge Copper Corp., representing 9.58% of the issued and outstanding shares.
This change in ownership level indicates a strategic adjustment in Centerra's investment portfolio. While the specific reasons for the decrease were not detailed, it reflects a re-evaluation of the stake in Surge Copper Corp.
Despite the reduction, Thompson Creek Metals Company Inc. maintains a significant minority interest in Surge Copper Corp. This adjustment could free up capital for other strategic initiatives or reflect a shift in focus within Centerra's broader asset management strategy.
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