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Gunnison Copper Enters into Collaboration Framework Agreement with Lunasonde to Perform Initial Survey for Critical Minerals in Arizona's Cochise Mining District
TMX Newsfile· 2025-12-19 11:30
Core Viewpoint - Gunnison Copper Corp. has entered into a Collaboration Framework Agreement with Lunasonde Inc. to utilize advanced remote sensing technology for mineral exploration in the Cochise Mining District, Arizona [1][2][3] Collaboration Agreement - Lunasonde will conduct a high-resolution subsurface survey over a portion of Gunnison's mineral property using its Airborne Georadiotomography (aGRT) technology [2] - The survey will include test flights and data analysis to create three-dimensional imaging of subsurface anomalies that may contain critical minerals [2][5] - The collaboration aims to enhance exploration and targeting efficiency across Gunnison's land position, which includes multiple known copper deposits [3] Company Strategy - The partnership reflects Gunnison's commitment to innovation and data-driven decision-making to improve geological understanding and long-term value creation [4] - The technology from Lunasonde is expected to complement traditional exploration methods, providing a non-invasive data acquisition approach [5] Financial Update - Gunnison has received a third conversion notice from Nebari Natural Resources Credit Fund for US$500,000, resulting in the issuance of 2,384,358 common shares [6][7] - The conversion will reduce the principal amount of the Second Amended and Restated Credit Agreement, potentially allowing for full repayment using proceeds from the sale of 48C tax credits [6] Company Overview - Gunnison Copper Corp. is a multi-asset copper developer and producer, controlling the Cochise Mining District with 12 known deposits within an 8 km radius [8] - The flagship Gunnison Copper Project has a Measured and Indicated Mineral Resource of over 831.6 million tons with a total copper grade of 0.31% and a preliminary economic assessment indicating an NPV of $1.3 billion and an IRR of 20.9% [9]
Trilogy-South32 JV targets permit submission for Alaska copper deposit next year
MINING.COM· 2025-12-18 17:44
Camp at one of the Upper Kobuk Mineral Projects, in Alaska’s Ambler Mining District. (Image courtesy of Trilogy Metals.The 50/50 joint venture between Trilogy Metals (TSX, NYSE-A: TMQ) and South32 (ASX, LSE, JSE: S32) — sees 2026 as a pivotal year for the development of the Ambler mining district of northwestern Alaska.On Wednesday, Trilogy announced that Ambler Metals, the joint venture, recently approved a $35 million work program next year aimed at advancing the Upper Kobuk Mineral Projects (UKMP), which ...
X @Bloomberg
Bloomberg· 2025-12-18 17:27
A Swiss-backed venture seeking to build the first large copper mine in an Argentine province better known for winemaking is considering financing offers in a key test case for the fledgling industry https://t.co/qBZ3ALnLQf ...
GoldQuest Announces Upsizing of Private Placement
TMX Newsfile· 2025-12-18 12:00
Vancouver, British Columbia--(Newsfile Corp. - December 18, 2025) - GoldQuest Mining Corp. (TSXV: GQC) (OTCQX: GDQMF) ("GoldQuest" or the "Company") is pleased to announce that due to significant interest, the Company intends to increase the size of its previously announced non-brokered private placement (the "Private Placement"). The Private Placement will now be comprised of an aggregate of up to 34,710,743 units of the Company (the "Units") at a price of $1.21 per Unit, for aggregate gross proceeds of u ...
OTC Markets Group Welcomes Quartz Mountain Resources Ltd. to OTCQX
Globenewswire· 2025-12-18 12:00
NEW YORK, Dec. 18, 2025 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Quartz Mountain Resources Ltd. (TSX-V: QZM; OTCQX: QZMRF), a company focused on discovering and transacting important-scale gold, silver and copper projects in British Columbia, has qualified to trade on the OTCQX® Best Market. Quartz Mountain Resources Ltd. upgraded to OTCQX from the OTCQB® Venture Market. Quartz Mountain Resou ...
Hercules Metals Appoints Experienced Mining Executive Matthieu Bos as Chairman of the Board
TMX Newsfile· 2025-12-18 12:00
Toronto, Ontario--(Newsfile Corp. - December 18, 2025) - Hercules Metals Corp. (TSXV: BIG) (OTCQB: BADEF) (FSE: C0X) ("Hercules" or the "Company") is pleased to announce the appointment of Mr. Matthieu Bos as an independent director of the Company and Chairman of the Board, effective immediately. Mr. Bos succeeds Peter Simeon, who will continue to serve as a director of the Company.Matthieu Bos is a mining executive and capital markets professional with more than 15 years of experience spanning investment ...
BP's Auchincloss steps down after investor pressure
Youtube· 2025-12-18 09:21
Group 1: Leadership Changes and Political Context - BP has appointed Meil as the new CEO, marking the fourth leadership change in six years [2] - European leaders are convening in Brussels to discuss funding for Ukraine, highlighting the urgency of the situation [2][6] - Belgium's Prime Minister emphasizes the need for unconditional guarantees on liquidity to support Ukraine [4] Group 2: Financial Support for Ukraine - The European Commission proposes using €210 billion of frozen Russian assets as collateral to fund a reparations loan to Ukraine [7] - The plan aims to provide €90 billion to cover two-thirds of Ukraine's urgent financial and military needs over the next two years [8][16] - Concerns arise from several countries, including Belgium, Hungary, and Italy, regarding the legal and financial risks associated with the proposal [10][9] Group 3: Geopolitical Implications - The urgency for Europe to secure funding for Ukraine is tied to its geopolitical standing and involvement in peace talks [14][23] - Failure to agree on the funding plan could jeopardize Ukraine's financial stability, risking its ability to sustain government operations [10][13] - The discussions in Brussels are critical for Europe to assert its role in the ongoing conflict and negotiations with Russia [12][23] Group 4: Market Dynamics and Industry Outlook - Copper prices are experiencing a surge due to tight supplies and rising demand, with expectations of continued growth [40][46] - BHP, the world's largest copper producer, anticipates a significant supply crunch by 2026, driven by increasing demand and limited new mine discoveries [47][48] - Analysts predict copper prices could reach $13,000 per ton in early 2026, with potential for further increases [48]
Freeport-McMoRan Inc. Sued for Securities Law Violations – Investors Should Contact The Gross Law Firm for More Information – FCX
Globenewswire· 2025-12-17 21:11
NEW YORK, Dec. 17, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Freeport-McMoRan Inc. (NYSE: FCX). Shareholders who purchased shares of FCX during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/freeport-mcmoran-inc-loss-submission-form/?id=180538&from=3 CLASS PERIOD: Februa ...
Midnight Sun Mining Corp (OTCPK:MDNG.F) Update / Briefing Transcript
2025-12-17 19:02
Summary of Midnight Sun Mining Corp Update - December 17, 2025 Company Overview - **Company**: Midnight Sun Mining Corp - **Focus**: Copper exploration in Zambia, specifically the Dumbwa and Kazhiba projects Key Points from the Call Industry Context - The presentation is centered around the Zambian Copperbelt, a significant area for copper mining and exploration Project Updates - **Dumbwa Project**: - Currently, 88 drill holes completed with 17,800 meters drilled over approximately 1.7 km, extending to 2.5 km for scout holes [17][18] - The drilling is divided into three blocks: Sundash Farm Block, West River Drill Block, and Dumbwa Central and North Blocks [19] - A formal resource declaration is anticipated by Q3/Q4 2026 [19] - The project is described as having a predictable mineralization pattern, with a potential for large tonnage, near-surface, low-grade copper deposits [30] - **Kazhiba Project**: - Adrian Coralku is leading the work at Kazhiba, collaborating with Kevin Bonal on the Dumbwa project [8] Technical Insights - The mineralization at Dumbwa is hosted in a north-south trending shear zone, similar to the Kansanshi deposit located nearby [32] - The geological model indicates a strong correlation between soil anomalies and underlying copper sulfide mineralization [28][30] - The project has faced delays in assay reporting due to quality control issues with the laboratory, SGS, which is being addressed [21][22][25] Assay Results and Expectations - Only 14% of the drilled holes have received assay results, with significant bottlenecks in reporting [20][21] - Initial results show promising intercepts, such as 39.7 meters at 0.51% copper, indicating potential for economic viability [49][51] - The project is expected to yield a resource of over 1 billion tons of ore, with grades potentially around 0.5% copper [30][61] Comparisons with Other Deposits - The geology of Dumbwa is comparable to that of Lumwana, with similar mineralization characteristics but differing in strike length and thickness [53][54] - The potential for Dumbwa is modeled to exceed that of Lumwana in terms of strike length, with estimates suggesting up to 11 kilometers of mineralization [54][59] Future Outlook - The team is optimistic about the potential of Dumbwa, with ongoing drilling and modeling efforts to refine resource estimates [63] - The focus remains on the southern 11 kilometers of the project, with plans to explore the northern sections as well [63] Conclusion - The call highlighted the excitement surrounding the Dumbwa project, emphasizing its potential as a tier-one copper opportunity in the Zambian Copperbelt, despite current challenges with assay reporting and geological complexities [30][62]
Operational recovery forecast to drive strong growth in DRC copper output in 2026
Yahoo Finance· 2025-12-17 15:52
The Democratic Republic of Congo’s (DRC) copper production is expected to grow moderately in 2025, supported by efficiency gains at key operations such as the Mutanda, Tenke Fungurume Mining (TFM) and Kinsevere, although this growth will be partially offset by production disruptions at the Kamoa-Kakula complex following temporary flooding. In 2026, output is forecast to increase strongly with an annual growth rate of 6% to reach 3,404.1kt, as operations normalise at Kamoa-Kakula, restoring volumes lost i ...