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Gunnison Copper Announces Closing of the Listed Issuer Financing Exemption (LIFE) Private Placement for Gross Proceeds of C$8.647 Million
Newsfile· 2025-07-18 21:56
Core Viewpoint - Gunnison Copper Corp. has successfully closed a non-brokered private placement, raising gross proceeds of C$8.647 million through the sale of 28,874,100 units at a price of C$0.30 per unit [1][2]. Financing Details - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at C$0.45 until July 18, 2028 [2]. - The offering was conducted under the listed issuer financing exemption, allowing immediate tradeability of the securities in Canada [4]. Use of Proceeds - The net proceeds will fund additional work related to the High Value Add Work Program at the Gunnison Copper Project, initiate long lead time drilling and metallurgical testing for a pre-feasibility study, and cover general and administrative expenses for the U.S. head office for an additional 12 months [3]. Finder's Compensation - Red Cloud Securities Inc. received a cash commission of C$512,875.80 and was issued 1,709,586 non-transferable warrants, also allowing the purchase of common shares at C$0.45 until July 18, 2028 [5]. Company Overview - Gunnison Copper Corp. is a multi-asset copper developer and producer, controlling the Cochise Mining District in Southern Arizona, which contains 12 known deposits within an 8 km radius [7]. - The flagship Gunnison Copper Project has a measured and indicated mineral resource of over 831 million tons with a total copper grade of 0.31%, and a preliminary economic assessment indicates an NPV of $1.3 billion and an IRR of 20.9% [10]. Additional Assets - The Johnson Camp Asset, under construction with first copper production expected in Q3 2025, is fully funded by Nuton LLC, with a production capacity of up to 25 million lbs of finished copper cathode annually [12].
US Copper Corp Announces Upsize of Non-Brokered Private Placement
Newsfile· 2025-07-18 21:00
Group 1 - US Copper Corp has increased the size of its non-brokered private placement to aggregate gross proceeds of up to $1,250,000, consisting of up to 12,500,000 units priced at $0.10 per unit [1] - Each unit includes one common share and one warrant, with each warrant allowing the purchase of one common share for $0.15 within 2 years after closing [1] - The completion of the Offering is subject to regulatory and TSX Venture Exchange approvals [1][2] Group 2 - The proceeds from the Offering will be used for general working capital purposes [2]
Hudbay to Host Conference Call for Second Quarter 2025 Results
Globenewswire· 2025-07-18 18:00
Group 1 - Hudbay Minerals Inc. will host a conference call on August 13, 2025, at 11:00 a.m. ET to discuss its second quarter 2025 results [1][2] - A news release with the second quarter results will be issued before the market opens on the same day and will be available on the company's website [2] - An archived audio webcast of the conference call will be accessible on Hudbay's website after the call [2] Group 2 - Hudbay is a copper-focused critical minerals mining company with operations in Canada, Peru, and the United States [3][4] - The company's operating portfolio includes the Constancia mine in Peru, Snow Lake operations in Manitoba, and Copper Mountain mine in British Columbia [4] - Hudbay's growth pipeline features projects such as Copper World in Arizona, Mason in Nevada, and Llaguen in Peru, along with various expansion and exploration opportunities [4] Group 3 - Hudbay's purpose statement emphasizes its commitment to people, communities, and the planet, aiming to provide essential metals sustainably [5] - The company's mission focuses on creating sustainable value and strong returns through community relations, exploration, mine development, and efficient operations [5]
Sandfire Resources America Inc. Announces Drilling Results, Project Advancements at Black Butte, Board Changes and Loan Variation Renewal
Globenewswire· 2025-07-17 21:00
Core Insights - Sandfire Resources America Inc. has completed its 2024-2025 drilling program, focusing on the Johnny Lee Lower Copper Zone, which has shown promising results in resource definition and mineralization extension [1][2]. Drilling Program Results - The Johnny Lee Lower Copper Zone currently has a measured and indicated resource of 1.2 million tonnes grading 6.8% Cu and an inferred resource of 0.5 million tonnes grading 5.9% Cu [1]. - Approximately 28,000 meters have been drilled since December 2023, with results expected to contribute to an updated mineral resource estimate by late 2025 [1][2]. - Significant drill results include: - 8.11 meters of 4.66% Cu in hole SC24-311 - 14.99 meters of 7.99% Cu in hole SC24-312 - 10.58 meters of 4.69% Cu in hole SC25-316 - 11.73 meters of 8.80% Cu in hole SC25-325 - 4.91 meters of 9.74% Cu in hole SC25-328 [5]. Project Advancements - A technical report update for the Johnny Lee deposit is underway at the Pre-Feasibility Study level, with several key factors needing re-evaluation since the last report in October 2020 [2][6]. - The global transition to clean energy and increasing demand for copper are highlighted as significant market drivers, alongside challenges such as declining reserve grades and geopolitical risks [2]. Board Changes - Mr. Stef Weber has been appointed to the Board of Directors, bringing over 25 years of experience in the mining industry, particularly in finance and project development [3][4]. - The company expressed gratitude to Ms. Gemma Tually for her contributions to the Board [3]. Financial Updates - The company has entered into a fifth variation agreement to its bridge loan, increasing the borrowing capacity from up to US$50 million to US$59.5 million, with an extended maturity date to June 30, 2026 [7][8].
Midnight Sun Announces Phase-One Dumbwa IP Results
Newsfile· 2025-07-17 10:30
Core Insights - Midnight Sun Mining Corp. has completed phase one of a 56 line-kilometre dipole-dipole induced polarization (IP) survey at the Dumbwa Target within its Solwezi Project in Zambia, covering 11.5 kilometres of strike length [2][3] - The results of the IP survey correlate with previous drill-identified mineralization, providing a detailed visual interpretation of the mineralized horizons at the Dumbwa Target, which will inform the upcoming drill program [3][4] - The company plans to commence an initial diamond drill program along the southern 11.5-kilometre strike length of the Dumbwa Target in approximately two weeks [7] Survey Results - The initial phase of the IP survey has illustrated the structural architecture of the Dumbwa Target, revealing a horizon that varies from flat lying to areas showing evidence of folding [5][6] - A strong correlation exists between mineralized intervals from previous drilling and the interpreted target horizon derived from the IP survey, along with a positive correlation to the overlying soil anomaly [6] Future Plans - With the understanding of the target horizon's geometry, the company is well-positioned to advance to the drilling stage, aiming to validate interpretations and unlock the potential of the copper target [4][7] - The insights gained from the IP survey are expected to enhance geological understanding and refine drill targeting strategies [4]
Kodiak Expands Team with Proven Talent to Drive Next Phase of Growth
Newsfile· 2025-07-17 10:00
Core Insights - Kodiak Copper Corp. has appointed Mike Westendorf as Metallurgical Advisor and Alan O'Connor as Senior Exploration Manager to enhance its technical team for the MPD copper-gold porphyry project in British Columbia [1][4]. Company Overview - Kodiak Copper is focused on its 100% owned copper porphyry projects in Canada and the USA, with the MPD project being its most advanced asset located in a mining district with excellent infrastructure [5][7]. - The MPD project has outlined seven substantial mineralized zones, with an Initial Resource estimate expected in 2025 [5][7]. Key Appointments - Mike Westendorf brings over 18 years of mining experience, particularly in metallurgy and process engineering, having previously worked at the Copper Mountain Mine and led project development for the Eva Copper Project [2]. - Alan O'Connor has over 35 years of mineral exploration experience and has successfully managed exploration programs for various minerals across North and South America [3]. Strategic Importance - The addition of Westendorf and O'Connor is seen as pivotal for Kodiak as it prepares for a catalyst-rich year in 2025, aiming to unlock greater value from the MPD project [4].
X @Bloomberg
Bloomberg· 2025-07-16 15:14
Vedanta’s Zambian copper mining unit will undergo “a full shutdown and refurbishment” to “restore structural integrity and improve” https://t.co/FHM4ENMkLW ...
4 Value Stocks to Buy as Inflation and Market Volatility Rise
ZACKS· 2025-07-16 14:20
Market Overview - The Dow Jones Industrial Average declined by 436.36 points, or 0.98%, closing at 44,023.29, amid rising inflation concerns and mixed earnings from major banks [2] - The Consumer Price Index increased by 0.3% month over month, indicating potential cost impacts from recent tariff policies [1] Value Investing Insights - Current market conditions suggest a renewed focus on value investing, emphasizing companies with strong fundamentals, stable cash flows, and reasonable valuations [2] - The Price to Cash Flow (P/CF) ratio is highlighted as an effective valuation metric, with a lower ratio indicating better value and strong cash generation potential [3][4] Company Performance and Projections - Hudbay Minerals Inc. (HBM) is projected to have sales growth of 9.7% and EPS growth of 43.8% this year, with shares rising 18.9% in the past year [9][14] - CVS Health Corporation (CVS) expects 3.4% sales growth and 12.9% EPS growth, with shares increasing by 3.8% over the past year [9][14] - Universal Health Services, Inc. (UHS) anticipates 8% sales growth and 17% EPS growth, although shares have declined by 3.7% in the past year [16] - Associated Banc-Corp (ASB) forecasts 10.1% sales growth and 5% EPS growth, with shares rising 6.3% in the past year [17] Investment Strategy Parameters - Parameters for selecting true-value stocks include a P/CF less than or equal to the industry median, a minimum stock price of $5, and an average 20-day volume greater than 100,000 [8] - Additional metrics for screening include P/E, P/B, and P/S ratios, with a PEG ratio of less than 1 indicating undervaluation [10][11]
Hercules Metals Provides Further Positive Update on Its 2025 Drilling Campaign
Newsfile· 2025-07-16 11:15
Core Viewpoint - Hercules Metals Corp. is making significant progress in its 2025 drilling campaign at the Hercules Property in Idaho, particularly at the Leviathan porphyry copper discovery, with ongoing validation of a new geological model and potential for substantial system expansion [2][5]. Group 1: Drilling Campaign Progress - The company has completed seven drill holes and has five more in progress, totaling over 5,500 meters drilled this season [2]. - The drilling campaign aims to validate a new 3D geological model, which has led to an increase in drilling rigs from three to five [2][5]. - The first completed drill hole of the season, HER-25-02, has shown potential for both main stage porphyry mineralization and hypogene enrichment extending northeast into the Grade Creek Zone [4][8]. Group 2: Geological Insights - The campaign is focused on defining grade and width along an initial 1.3-kilometer strike length, with systematic drill fences testing both main stage mineralization and higher-grade enrichment zones [4]. - Surface mapping and preliminary geophysics suggest that the Leviathan's potential strike length could extend upwards of 3.5 kilometers [4]. - Soil and rock chip sampling above the northeastern extension of the chargeability anomaly indicates elevated copper and molybdenum values, supporting the potential for a large northeast extension [4]. Group 3: Future Expectations - Core samples from several completed holes have been sent for assaying, with results expected in the next 6-8 weeks [5]. - The company is optimistic about the potential for significant expansion of the mineralization system in both directions while better defining the known strike [5]. - The new MT conductivity anomaly indicates potential for a major southern extension of the Leviathan Porphyry system, with drill hole HER-25-06 targeting the center of this anomaly [8][20].
Magna Mining Announces H2 2025 Guidance
Newsfile· 2025-07-16 11:00
Core Viewpoint - Magna Mining Inc. is optimistic about the production and cost guidance for the second half of 2025, focusing on the development of the McCreedy West Mine and expecting improved operational metrics and reduced costs in the coming years [2][4]. Production and Cost Guidance - For Q3 2025, the company expects to sell between 80,000 and 92,000 tons of ore from the 700 Copper Zone, with a copper equivalent grade of 2.90% to 3.40%. For Q4 2025, the expected grade increases to 3.80% to 4.40% [4][6]. - Average realized price for copper is projected at $5.69 per pound, with cash costs per copper equivalent pound expected to decrease from $5.25 to $6.00 in Q3 to $4.25 to $5.00 in Q4 [4][6]. - All-in sustaining costs (AISC) are anticipated to drop from $6.75 to $7.50 in Q3 to $5.25 to $6.10 in Q4 [4][6]. Development Plans - The company plans significant investments in the McCreedy West Mine, including upgrading mobile equipment and increasing capital and operating mine development, with a forecasted daily development rate of 28 feet per day in the second half of 2025 [5][9]. - Total underground development planned for H2 2025 is approximately 5,100 feet, with a focus on accessing the western side of the 700 Copper Zone [7][8]. Operational Improvements - The mine's operational plan is evolving to enhance flexibility and optimize production, with expectations of developing into higher-grade mining areas [2][4]. - The planned capital development is expected to facilitate access to previously untested areas, supporting a more robust operating plan moving into 2026 [9].