Gunnison Copper Announces Johnson Camp Mineral Processing Has Started with First Copper Sales in SeptemberJuly 22, 2025 6:30 AM EDT | Source: Gunnison Copper Corp.Phoenix, Arizona--(Newsfile Corp. - July 22, 2025) - Gunnison Copper Corp. (TSX: GCU) (OTCQB: GCUMF) (FSE: 3XS0) ("Gunnison" or the "Company") is pleased to announce that mineral processing has started with first copper sales expected in September at the fully-permitted Johnson Camp Mine ("JCM"), in southeast Arizona."A major milesto ...

Core Viewpoint - Osisko Metals has announced significant new drilling results from the Gaspé Copper Project, highlighting the potential for resource expansion with the longest continuous intercept to date of 853 meters averaging 0.20% Cu, 1.43 g/t Ag, and 0.02% Mo (0.30% CuEq) [1][2]. Summary by Relevant Sections New Drill Results - Drill hole 30-1082 reported 853.5 meters of continuous mineralization, including a lower intercept of 424.0 meters averaging 0.21% Cu, 1.33 g/t Ag, and 0.026% Mo, extending mineralization to a vertical depth of 1140 meters [11][12]. - Drill hole 30-1089 intersected 645.0 meters averaging 0.28% Cu, 1.46 g/t Ag, and 0.023% Mo, with a lower intercept of 396.7 meters averaging 0.30% Cu, 1.34 g/t Ag, and 0.023% Mo, extending to a depth of 965 meters [15][16]. - Drill hole 30-1083 showed 427.5 meters averaging 0.26% Cu, 1.54 g/t Ag, with a lower intercept of 328.0 meters averaging 0.24% Cu, 1.43 g/t Ag, extending to a depth of 900 meters [12][13]. Mineral Resource Potential - The current drill program aims to convert the November 2024 Mineral Resource Estimate (MRE) to Measured and Indicated categories and test for deeper and lateral expansions [21][22]. - The Gaspé Copper Project hosts Indicated Mineral Resources of 824 million tonnes averaging 0.34% CuEq and Inferred Mineral Resources of 670 million tonnes averaging 0.38% CuEq [30][31]. Geological Context - Mineralization at the Gaspé Copper Project occurs as disseminations and stockworks of chalcopyrite with pyrite or pyrrhotite, with at least five recognized mineralizing events [19]. - The drilling is focused on defining open-pit resources within the Copper Mountain stockwork mineralization, with significant resource increases noted in the Inferred category [20][31].

Summary of J.P. Morgan's Metals Weekly Report on U.S. Copper Tariffs Industry Overview - The report focuses on the U.S. copper market and the implications of a proposed 50% tariff on copper imports, set to begin on August 1st, 2025 [1][3][5]. Key Points and Arguments Tariff Impact on Demand - A full pricing of the 50% tariff could lead to a 4% reduction in refined copper demand growth in the U.S. for the next year [1][13]. - U.S. copper demand constitutes only 6% of global demand, meaning a 4% decline in U.S. demand translates to approximately 0.2% of global demand [1][24]. - Current U.S. all-in copper prices are up by around 30% compared to the 3Q24 average, indicating a potential drag on demand growth of about 2.5% in the following year [19]. Supply Chain Dynamics - The U.S. exports 540-580 thousand metric tons (kmt) of copper contained in scrap annually, which could help reduce the 600-700 kmt import dependence on copper cathode [1][32]. - A scrap export ban could significantly harm the domestic scrap supply chain, shrinking the industry before it has a chance to grow [1][32][48]. - The U.S. has substantial copper project potential (~3 million metric tons per annum), but significant supply responses from new mines are not expected until the next decade due to long lead times [1][49]. Price and Market Reactions - The COMEX/LME arbitrage has remained static, with the premium of the September COMEX contract hovering between 25% and 28% [3]. - The anticipated tariff is expected to create a bearish pressure on LME prices in the second half of 2025, despite supportive medium-term fundamentals for copper prices, which are expected to remain above $9,000/mt [5]. Future Supply Considerations - The easiest way to increase U.S. primary copper supply is through solvent extraction/electrowinning (SX/EW) operations, which do not require additional smelting and refining infrastructure [1][51]. - The average lead time for mining projects in the U.S. is around 19 years, longer than the global average of 15.5 years, complicating the timeline for new supply [58]. Substitution and Demand Destruction - The report notes that both copper and aluminum are facing 50% tariffs, which diminishes substitution pressure between the two metals [25]. - Higher prices for both metals could lead to broader demand destruction rather than significant substitution trends [26]. Conclusion - The report suggests that while the proposed tariff will create challenges for U.S. copper demand and supply, it may also present buying opportunities for long-term investors as prices are expected to stabilize above $9,000/mt [5]. Additional Important Insights - The potential for exemptions from the tariff for countries like Indonesia could significantly impact U.S. copper import dynamics [4]. - The health of the U.S. manufacturing and construction sectors will continue to be the primary drivers of copper demand, alongside structural trends in utilities and data center builds [20]. This summary encapsulates the critical insights from the J.P. Morgan report regarding the implications of the U.S. copper tariffs on demand, supply, and market dynamics.

Company Overview - Copper Quest Exploration Inc. is focused on building shareholder value through the exploration and development of its North American Critical Mineral portfolio, comprising four projects over 40,000+ hectares in prime mining jurisdictions [8][11] - The company has a 100% interest in the Stars Property, covering 9,693 hectares, and the Stellar Property, covering 5,389 hectares, both located in British Columbia [9] - Additionally, Copper Quest has an earn-in option up to 80% on the 4,700 ha Rip Project and a 100% interest in the Thane Project, which spans over 20,658 hectares with significant mineralization potential [9][10] Leadership and Advisory - Mr. Chad McMillan has been appointed as a Strategic Advisor, bringing over twenty years of experience in capital markets, corporate finance, and the mining sector [2][3] - The CEO, Brian Thurston, emphasized Mr. McMillan's extensive experience in managing and financing resource ventures, which will strengthen the company's advisory group [3] Market Context - Copper is identified as a critical industrial metal essential for the global energy transition, playing a vital role in electrification, renewable energy systems, and electric vehicles [5] - The copper market is facing persistent deficits due to rising global demand and challenges in new supply, including declining grades and complex permitting processes [5] - Recent U.S. policy changes, such as import tariffs, highlight copper's strategic importance and the need for resilient domestic supply chains [5]

Core Viewpoint - Gunnison Copper Corp. has successfully closed a non-brokered private placement, raising gross proceeds of C$8.662 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, each allowing the purchase of one common share 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 a net present value (NPV) of $1.3 billion and an internal rate of return (IRR) of 20.9% [10]. Additional Assets - The Johnson Camp Asset, under construction, is expected to produce its first copper in Q3 2025, with a capacity of up to 25 million pounds of finished copper cathode annually, fully funded by Nuton LLC, a Rio Tinto Venture [12].

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].

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]

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]

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].

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]