VANCOUVER, BC / ACCESS Newswire / February 25, 2026 / Prospect Ridge Resources Corp. (the "Company" or "Prospect Ridge") (CSE:PRR)(OTC:PRRSF)(FRA:OED) is pleased to announce assay results from the Company's 100% owned Camelot copper-gold project, located ~33 km from Imperial Metals' Mount Polley mine in British Columbia's prolific Cariboo Mining District. A total of 2,034 m was drilled in ten holes (CAM25-001 to CAM25-010) that tested a ~1.7 km long prospective geochemical and geophysical trend (Figure 1). ...

Core Insights - Star Copper Corp has completed its reconnaissance field program at the Copperline Property, confirming historic copper-silver mineralization and submitting a drill permit for 2026 [1][2] Group 1: Company Overview - Star Copper Corp is focused on critical mineral exploration and development, particularly in high-grade copper assets in British Columbia [1] - The Copperline Property consists of eight mineral claims totaling approximately 4,502 hectares, located near Skutsil Knob in British Columbia [1] Group 2: Field Program Highlights - The inaugural reconnaissance field program confirmed visible copper mineralization at the historic Beaman Adit, with four rock grab samples collected [1] - Infill soil sampling was completed to test extensions of known geochemical anomalies, with results pending [1][2] - The 2023 soil sampling program returned highly anomalous copper values, including results of 449 ppm Cu and 463 ppm Cu, with anomalies remaining open to the east and south [1][2] Group 3: Mineralization and Geological Insights - The Copperline Property hosts volcanic redbed copper-silver mineralization, with geological similarities to the Sustut copper deposit [1] - Mineralization consists of disseminated and stringer bornite, tetrahedrite, chalcopyrite, and chalcocite, hosted within calc-alkaline volcanics of the Lower Jurassic Telkwa Formation [1] - Historic drill intercepts from 1973-74 reported significant copper and silver grades, including 2.54% Cu and 450.4 g/t Ag [1][2] Group 4: Future Exploration Potential - Several historically recommended exploration activities remain untested, including an IP geophysical survey and drilling at priority targets such as the West Zone and Dave's Zone [2] - The historic mineral inventory estimate of approximately 900,000 tonnes grading 2% Cu and 48 g/t Ag is included for informational purposes only and has not been verified [2]

Report Industry Investment Rating - Copper: Cautiously bullish [7] - Arbitrage: On hold [7] - Options: Short put @ 78,000 yuan/ton [7] Core View of the Report - In September, there are relatively large disturbances on the supply side, such as a decrease in the circulation of scrap copper and a concentrated maintenance period for smelters. Although downstream consumption is not outstanding, grid demand provides support. Coupled with the expectation of the Fed's interest rate cut, copper prices are expected to remain relatively strong in September [7]. Summary According to Relevant Catalogs Market News and Important Data - **Futures Quotes**: On September 2, 2025, the main Shanghai copper contract opened at 79,640 yuan/ton and closed at 79,660 yuan/ton, a -0.15% decrease from the previous trading day's close. The night session opened at 79,500 yuan/ton and closed at 80,410 yuan/ton, a 0.94% increase from the afternoon close [1]. - **Spot Situation**: According to SMM, on the previous day, the spot of SMM 1 electrolytic copper was quoted at a premium of 110 - 330 yuan/ton to the 2509 contract, with an average premium of 220 yuan/ton, a 15-yuan/ton decrease from the previous day. The spot price range was 80,010 - 80,310 yuan/ton. Downstream buyers had low acceptance of high prices, and the purchasing sentiment weakened. The premium of flat copper decreased to 130 - 160 yuan/ton, while the supply of high-quality copper was tight, and the premium was firm [2]. Important Information Summaries - **Tariffs**: US President Trump said he would appeal the global tariff case ruling to the US Supreme Court and reiterated that his introduction of global tariffs was due to the US being in an "economic emergency" [3]. - **Economic Data**: The US August ISM manufacturing index slightly rose from 48 in July to 48.7, lower than the market expectation of 49, and below the boom-bust line for six consecutive months. The new orders index rose to 51.4, expanding for the first time since the beginning of this year, but the output index dropped 3.6 points to 47.8, falling back into the contraction range. The Eurozone's August CPI increased by 2.1% year-on-year, with an expected 2%. The core CPI slightly declined to 2.3% year-on-year, in line with expectations. The service price increase slowed to 3.1%. European Central Bank hawkish executive Schnabel said the ECB should suspend interest rate cuts due to upward inflation risks [3]. Mine End - **Production Reduction**: Capstone Copper's Mantoverde sulfide mine in Chile will temporarily reduce production due to the failure of two ball mill drive motors within a week. The company expects the repair work to take about four weeks, resulting in a copper concentrate production loss of 3,000 - 4,000 tons [4]. - **Mine Expansion**: The government of British Columbia has approved Imperial Metals' plan to deepen and expand the Springer pit of the Mount Polley copper-gold mine, which will extend the mine's service life by about 8 years. The mine produced 35.7 million pounds (about 16,200 tons) of copper and 39,108 ounces (about 1,210 tons) of gold in 2024. Exploration drilling is ongoing, and new ore sections have been discovered [4]. Smelting and Import - **Production**: From January to August 2025, domestic electrolytic copper production reached 893,900 tons, a 12.3% year-on-year increase. In August, the output was 117,150 tons, a 0.24% month-on-month decrease. Due to a significant decline in the supply of scrap anode plates and the upcoming concentrated maintenance period for smelters, domestic electrolytic copper production is expected to decline significantly in September and may continue until October [5]. - **Scrap**: Affected by relevant policies and high previous smelting demand, the marketable scrap after September will significantly decrease [5]. - **Import**: The trading activity of US dollar copper in the domestic market has further increased this week. The arbitrage window formed by the price difference between BC copper and LME has been continuously open since mid-August, boosting the demand for bonded warehouse receipts. The domestic refined copper production in September is expected to decrease, and imports have not increased significantly. Sellers are reluctant to sell, and the Yangshan copper premium is expected to continue to strengthen [5]. Consumption - **Copper Rod**: Last week, the operating rate of domestic major refined copper rod enterprises dropped to 68.12%, a 3.25-percentage-point decrease from the previous week. The raw material inventory decreased by 3.25% to 32,700 tons, and the finished product inventory increased by 2.87% to 68,000 tons. With the alleviation of capital pressure and the arrival of some September orders next week, demand is expected to recover. The substitution effect of refined copper rods may be enhanced due to the tightening supply of scrap copper [6]. - **Wire and Cable**: At the beginning of the week, the high copper price inhibited order release. Most enterprises focused on completing existing orders, and only a few purchased in advance due to bullish expectations. The State Grid's demand provides support, while other industries are still in the off-season [6]. Inventory and Warehouse Receipts - **LME Warehouse Receipts**: Decreased by 25.00 tons to 158,775 tons compared to the previous trading day [6]. - **SHFE Warehouse Receipts**: Decreased by 699 tons to 19,501 tons compared to the previous trading day [6]. - **Domestic Spot Inventory**: On September 2, the domestic electrolytic copper spot inventory was 132,100 tons, a 5,000-ton increase from the previous week [6].

Report Information - Report Title: Copper Futures Daily Report [1] - Date: September 3, 2025 [2] - Researcher: Zhang Ping, Yu Feifei, Peng Jinglin [3] Market Review and Operation Suggestions - **Market Performance**: Shanghai copper showed a pattern of rising first and then falling. The main contract reached a maximum of 80,020. Due to the sharp decline of A - shares and the decrease of market risk preference, Shanghai copper tumbled in the late trading and closed down. The spot price rose by 260 to 80,160, and the premium dropped by 15 to 220. The increase in imported arrivals and high copper prices pressured the premium. However, upstream centralized production cuts are imminent, and the inventory pressure of holders is not large. The profit of spot imports expanded to 320, and the Shanghai - London ratio rose to 8.08. The LME 0 - 3 contango remained at a high level. The opening of the import window will attract the transfer of LME copper inventory to China. The LME inventory decreased by 100 tons to 158,775 tons. The overall inventory levels at home and abroad are not high. Coupled with the upcoming production cuts of domestic smelters and the peak season of downstream demand, the fundamental support has strengthened [10]. - **Operation Suggestion**: With the macro - data such as European and American manufacturing PMI and US non - farm payrolls data to be released this week, the macro - data disturbances may increase. But under the background of the upward fundamental trend, copper prices should be mainly bought on dips [10]. Industry News - **Production Cut News**: On September 1, Capstone Copper announced that due to the successive failures of two ball - mill drive motors at its Mantoverde sulfide mine operation site in Chile within a week, the mine will temporarily cut production. One ball - mill motor failed on August 24, and the second one failed six days later. The plant will operate at half - capacity by bypassing the plant. The company plans to mitigate the impact through the plant maintenance work scheduled for late September. The management of Capstone expects that the repair work will take about four weeks, during which the copper concentrate production will lose 3,000 - 4,000 tons. An investigation into the root cause of the problem has also been initiated [11]. - **Mine Expansion News**: On September 1, the government of British Columbia approved Imperial Metals' plan to deepen and expand the Springerpit mine pit of the Mount Polley copper - gold mine, which will extend the mining life of the mine by about 8 years. The mine planning adjustment includes three major directions: deepening the existing open - pit mine; expanding the rock dumping area; and isolating the waste that may produce acidic substances to the old "Cariboo Open - Pit" area when the mine is closed [11].

Report Summary 1. Report Industry Investment Ratings No specific industry investment ratings are provided in the report. 2. Core Views - International gold prices hit a new record high, and the A - share market had an adjustment. Market sentiment was affected by various factors such as concerns about the Fed's independence, Trump's tariff issues, and economic data from different countries [3][4]. - Different commodity markets showed diverse trends. For example, some commodities were expected to be in a supply - demand imbalance, while others were affected by production changes, policy adjustments, and market sentiment [5][6][7]. 3. Summary by Directory 1. Financial News and Comments - **Macro Strategy (Gold)**: The US ISM manufacturing PMI in August was 48.7, and Trump called for a strong interest - rate cut. Gold prices rose to a new high due to concerns about the Fed's independence and tariff issues. The market should pay attention to the upcoming non - farm data and the increase in long - short games [14][15]. - **Macro Strategy (Foreign Exchange Futures - Dollar Index)**: Multiple high - ranking Japanese LDP officials expressed their intention to resign, and concerns about the UK economy intensified. The dollar index rose significantly in the short term, and market risk appetite declined [20]. - **Macro Strategy (Stock Index Futures)**: The number of new A - share accounts in August was 2.65 million, with a significant year - on - year and month - on - month increase. The A - share market adjusted on September 2, and the subsequent trend depends on major events [22][23]. - **Macro Strategy (US Stock Index Futures)**: Trump planned to appeal the global tariff case to the US Supreme Court. The US ISM manufacturing PMI in August continued to contract, and the US Treasury Secretary planned to interview Fed chair candidates. The US stock market adjusted, and investors should pay attention to volatility [25][26][27]. - **Macro Strategy (Treasury Bond Futures)**: The central bank did not conduct open - market treasury bond trading in September. The bond market was in a volatile trend, and it was not recommended to chase long positions after the market rose [29][30]. 2. Commodity News and Comments - **Agricultural Products (Soybean Meal)**: The good - quality rate of US soybeans decreased to 65%. The US weekly export inspection data met expectations, and the domestic soybean meal supply was sufficient but demand was also strong [32]. - **Agricultural Products (Cotton)**: The cotton harvest progress in Brazil was 72.8% as of August 30. The growth progress of US cotton was slow, but the good - quality rate was high. The external market was under seasonal supply pressure, and the Zhengzhou cotton market was expected to be in a short - term shock [34][35][36]. - **Agricultural Products (Soybean Oil/Rapeseed Oil/Palm Oil)**: India's palm oil imports in August increased by 16% month - on - month, and Malaysia's palm oil production in August decreased by 2.65% month - on - month. It was recommended to go long on palm oil at low prices [37][39]. - **Black Metals (Steam Coal)**: Port coal prices were weakly falling. Due to weak demand and transportation restrictions during the parade, coal prices were expected to continue the seasonal decline but be supported at around 650 yuan [40]. - **Black Metals (Iron Ore)**: Grangex announced the restart of Sydvaranger mining. The overall raw material market was under pressure, but it was expected to be in a shock market in September [41]. - **Agricultural Products (Red Dates)**: The price of red dates in the Guangzhou Ruyifang market was stable. The fundamentals of red dates were not significantly changed, and it was recommended to wait and see [43][44]. - **Agricultural Products (Corn Starch)**: Corn starch enterprises in different regions had losses. The supply - demand situation was weak, and the price difference between rice flour and starch was at a low level [45]. - **Agricultural Products (Corn)**: The成交 rate of imported corn auctions increased. The spot price of corn was strengthening, but the upward space of the futures price was limited [45][46]. - **Non - ferrous Metals (Lithium Carbonate)**: Argentina approved Rio Tinto's Rincon lithium project. The supply - demand imbalance caused by supply reduction might be reflected in high - frequency data in September, and it was recommended to try long positions and pay attention to positive spreads [48][49]. - **Non - ferrous Metals (Polysilicon)**: The 0.66 yuan/W component price limit was cancelled. The polysilicon price was expected to be between 48,000 - 55,000 yuan/ton, and it was recommended to wait and see for arbitrage [50][53]. - **Non - ferrous Metals (Lead)**: The LME lead market was weak, while the domestic lead market's supply was expected to tighten and demand to improve. It was recommended to go long on lead at low prices and wait and see for arbitrage [54]. - **Non - ferrous Metals (Industrial Silicon)**: The production of industrial silicon in Xinjiang was slowly increasing, and the market was expected to be in a short - term shock between 8,200 - 9,200 yuan/ton [57][58]. - **Non - ferrous Metals (Zinc)**: The LME zinc market was supported by low inventory, and the Shanghai zinc market was expected to be in a short - term shock. It was recommended to wait and see for single - side trading and pay attention to positive spreads [59][60]. - **Non - ferrous Metals (Copper)**: The copper market was affected by the Fed's interest - rate cut expectations and industry policies. The copper price was expected to be supported in the short term, and it was recommended to be long on a short - term basis [65]. - **Non - ferrous Metals (Nickel)**: The LME nickel inventory increased. The raw material price was firm, and the nickel price was expected to be in a range - bound shock. It was recommended to go long at low prices [66][67]. - **Energy Chemicals (Crude Oil)**: Kazakhstan's crude oil production in August increased by 2% month - on - month. The oil price was expected to be in a shock [68]. - **Energy Chemicals (Carbon Emissions)**: The CEA price was in a short - term shock and weakening trend [69][70]. - **Energy Chemicals (PX)**: The PX price was in a short - term shock adjustment [72][73]. - **Energy Chemicals (PTA)**: The PTA market was in a short - term shock adjustment with improved fundamentals [74][75]. - **Energy Chemicals (Caustic Soda)**: The caustic soda spot price was expected to be in a high - level shock [76][77]. - **Energy Chemicals (Pulp)**: The pulp market was in a weak shock [77][78]. - **Energy Chemicals (PVC)**: The PVC market was expected to be in a shock [79][80]. - **Energy Chemicals (Styrene)**: The styrene market was in a weak operation recently [81][83]. - **Energy Chemicals (Bottle Chips)**: The bottle chip market had new capacity plans, and the demand was moving towards the off - season [84][85]. - **Energy Chemicals (Soda Ash)**: The soda ash market was weakening, and it was recommended to short at high prices [86][87]. - **Energy Chemicals (Float Glass)**: The float glass market was in a weak trend, and it was recommended to focus on arbitrage [88][89]. - **Shipping Index (Container Freight Rates)**: The container freight rate market was under supply pressure, and the price was expected to be in a short - term shock. It was recommended to short on emotional rallies in October and long after the price decline in December [91][92].

Core Viewpoint - Surge Copper Corp. has successfully closed a non-brokered private placement, raising approximately $5.9 million through the issuance of common shares and charity flow-through common shares [1][2]. Group 1: Offering Details - The Offering consisted of 19,218,893 common shares priced at $0.175 each and 9,433,963 charity flow-through common shares priced at $0.265 each [1]. - The gross proceeds from the charity flow-through shares will be allocated for exploration expenditures qualifying as "Canadian exploration expenses" and "flow-through critical mineral mining expenditures" before December 31, 2026 [3]. - The net proceeds from the common shares will fund engineering, environmental, and early-stage permitting activities at the Berg Project, supporting the completion of a Preliminary Feasibility Study (PFS) and advancement into the Environmental Assessment (EA) process [4]. Group 2: Insider Participation and Fees - Insiders subscribed for a total of 285,714 common shares, which is classified as a related party transaction [6]. - The company paid cash finder's fees totaling approximately $62,295 to various financial institutions involved in the Offering [5]. Group 3: Concurrent Private Placement - Surge Copper is also conducting a concurrent private placement expected to raise up to $4.5 million, with a significant strategic investor aiming to increase ownership to 19.9% of the company's shares [7].

加拿大矿业公司Imperial Metals：Red Chris矿山的工人已安全升井。 ...