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Kodiak Upgraded to Trade on OTCQX
Newsfile· 2025-12-04 12:00
Vancouver, British Columbia--(Newsfile Corp. - December 4, 2025) - Kodiak Copper Corp. (TSXV: KDK) (OTCQX: KDKCF) (FSE: 5DD1) (the "Company" or "Kodiak") reports that the Company has qualified and will begin to trade on the OTCQX® Best Market today, upgrading from the OTCQB® Venture Market. Kodiak's shares will continue to trade under the symbol KDKCF.Claudia Tornquist, President and CEO of Kodiak said, "Graduating to the OTCQX Best Market reflects the strength of our business, the quality of our governanc ...
OTC Markets Group Welcomes KODIAK COPPER CORP. to OTCQX
Globenewswire· 2025-12-04 12:00
NEW YORK, Dec. 04, 2025 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced KODIAK COPPER CORP. (TSX-V: KDK; OTCQX: KDKCF), focused on the discovery of copper, has qualified to trade on the OTCQX® Best Market. KODIAK COPPER CORP. upgraded to OTCQX from the OTCQB® Venture Market. KODIAK COPPER CORP. begins trading today on OTCQX under the symbol “KDKCF.” U.S. investors can find current financial disclosu ...
Gunnison Copper Announces That Rio Tinto's Nuton Technology Produces First Copper
Newsfile· 2025-12-04 11:30
Core Insights - Gunnison Copper Corp. announced that Rio Tinto successfully produced the first copper using its Nuton® Technology at the Johnson Camp mine in Arizona, marking a significant advancement in copper processing technology [1][2][3] Technology Development - After over 30 years of research, the first copper cathode was produced using Rio Tinto's bioleaching technology, which utilizes microorganisms grown on-site [2] - The technology package is designed for a heap leach pad with a target production of approximately 30,000 tonnes of refined copper over a four-year demonstration period [2] Efficiency and Environmental Impact - Nuton technology allows for cleaner, faster, and more efficient copper production, achieving recovery rates of up to 85% from primary sulphides [5][6] - The environmental performance of Nuton is expected to surpass traditional methods, with up to 80% less water usage and up to 60% lower carbon emissions compared to conventional processes [6] Carbon Footprint - At Johnson Camp, Nuton aims to produce copper with the lowest carbon footprint in the U.S., with a projected mine-to-metal carbon footprint of 0.82 kg CO₂-e per kg of copper, significantly lower than the global average of 3.4 kg CO₂-e per kg [7] Production Capacity and Future Plans - The Johnson Camp asset is fully funded by Nuton LLC, with a production capacity of up to 25 million lbs of finished copper cathode annually [14] - The next phase will focus on validating long-term technical performance through multi-year testing and independent verification [9]
Codelco signs MoU with Glencore for Chile copper smelter project in Antofagasta
Yahoo Finance· 2025-12-04 09:48
Chile’s state-run copper producer Codelco and Swiss commodities trader and miner Glencore have entered into a memorandum of understanding (MoU) to develop a copper smelter project in the Antofagasta region of Chile. The partnership aims to enhance local copper processing capacity, with Codelco supplying copper concentrate and Glencore leading the development of a new smelter. The agreement stipulates that Codelco will provide up to 800,000 tonnes per annum (tpa) of copper concentrate to Glencore for at l ...
ASX Market Open: Copper records take mining higher across the globe | Dec 4
The Market Online· 2025-12-03 21:31
Market Overview - Australian shares are projected to gain approximately +0.3% in futures, driven by a surge in copper prices, which have reached a record high in London [1][3] - The Dow Jones index in the U.S. saw a significant increase of +0.9%, while London's stock market experienced a slight decline of -0.1% [2] Commodity Insights - Copper prices have surged to an all-time high following Glencore's decision to reduce near-term output targets, which is expected to tighten supply in the short term [3] - Other commodities are also performing well, with iron ore up +0.4% to $104.30 per tonne, Brent crude oil gaining +0.6% to $62.83 per barrel, and gold priced at $4,212 per ounce [6] Company News - BHP (ASX:BHP) and Rio Tinto (ASX:RIO) are highlighted as key stocks to watch due to their +1.5% gains in London, benefiting from the rise in copper prices [4] - Nuix Limited (ASX:NXL) has announced an agreement to acquire Linkurious, a Paris-based AI decision platform that specializes in graph data visualization [4] - Lefroy Exploration (ASX:LEX) has commenced mining activities at Lucky Strike, with the first ore haulage expected in January next year [4] - 6K Additive Inc., a U.S.-based metal powders producer, is set to join the Australian stock exchange under the ticker "6KA," with an initial share price of $1 [5]
January 12, 2026 Deadline: Contact The Gross Law Firm to Join Class Action Suit Against FCX
Globenewswire· 2025-12-03 21:15
NEW YORK, Dec. 03, 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=179481&from=3  CLASS PERIOD: Febru ...
Osisko Metals surges on $23M investment boost for Gaspé
MINING.COM· 2025-12-03 19:43
Core Viewpoint - Osisko Metals is set to receive a C$32.5 million ($23.2 million) investment to support the development of its Gaspé copper project in Quebec, with participation from several prominent mining companies [1][2]. Investment Details - Osisko will issue approximately 67.66 million common shares at a price of C$0.48 each through a private placement [2]. - Notable participants include Hudbay Minerals, Agnico Eagle Mines, and Franco-Nevada, with Hudbay expected to acquire over 29 million shares, representing 4.3% of outstanding shares post-financing [3]. Market Reaction - Following the announcement, Osisko Metals' stock surged over 12% to a near 52-week high of C$0.55, resulting in a market capitalization of approximately C$330.7 million ($237.1 million) [4]. Project Overview - The funding will advance the Gaspé copper project, touted as the largest copper project in eastern North America, with planned activities including drilling, permitting, and technical studies [5]. - The Gaspé mine, located near Murdochville, is expected to start producing around 500,000 tonnes of copper concentrate annually by 2032, supported by federal and provincial backing [6]. Resource Assessment - Currently, the Gaspé project has 824 million indicated tonnes grading 0.27% copper, equating to 2.23 million tonnes of contained copper, and an additional 670 million tonnes inferred grading 0.3% copper, totaling 1.99 million tonnes of copper [7].
FDA Greenlights Eli Lilly Drug, Glencore Revives Copper Mine as Geopolitical Headwinds Mount
Stock Market News· 2025-12-03 18:08
Group 1: Eli Lilly and Company - Eli Lilly has received full FDA approval for pirtobrutinib (Jaypirca) for adults with relapsed or refractory chronic lymphocytic leukemia or small lymphocytic lymphoma who have previously been treated with a covalent BTK inhibitor [2] - The approval expands the drug's label to include patients earlier in their treatment course and converts a December 2023 accelerated approval to a traditional approval [2] - Jaypirca is the first and only FDA-approved non-covalent BTK inhibitor, with the expanded indication based on results from the Phase 3 BRUIN CLL-321 trial [2] Group 2: Glencore - Glencore plans to restart operations at its Alumbrera copper mine in Argentina by late 2026, with initial production expected in the first half of 2028 [3] - The company aims to significantly increase copper output to 1 million tons annually by the end of 2028 and approximately 1.6 million tons by 2035 [3] - The Alumbrera mine is projected to produce around 75,000 tonnes of copper, 317,000 ounces of gold, and 1,000 tonnes of molybdenum over four years [3] - Glencore has adjusted its 2026 copper production guidance downwards to 810,000–870,000 tonnes from a previous target of 930,000 tonnes due to setbacks at its Collahuasi mine in Chile [3] Group 3: Geopolitical Developments - Belgium has expressed significant reservations regarding the EU's plan to use frozen Russian central bank assets as collateral for a loan to Ukraine, citing unaddressed economic, financial, and legal risks [4] - The Belgian government fears being asked to bear the risks of this operation alone, particularly as most of the estimated €190-200 billion in Russian assets are held by Euroclear, a Brussels-based financial clearinghouse [4] Group 4: U.S. Political Landscape - U.S. Secretary of War Pete Hegseth is under scrutiny for endangering troops by using the Signal app to discuss classified military strike plans [5] - A watchdog investigation found that classified information was shared in an unclassified group chat that included a journalist, despite denials from Hegseth and the Pentagon [5] - House Speaker Mike Johnson faces increasing pressure from within his party, with prominent Trump ally Elise Stefanik criticizing his leadership and control over House Republicans [6]
Glencore Targets Annual Copper Production of 1.6 Million Tonnes by 2035
WSJ· 2025-12-03 12:35
Core Viewpoint - The company plans to restart the Alumbrera copper mine in Q4 2026, with production expected to begin in H1 2028 [1] Company Summary - The Alumbrera copper mine is set to resume operations, indicating a strategic move to enhance copper production capabilities [1] Industry Summary - The restart of the Alumbrera copper mine aligns with the growing demand for copper in various industries, potentially impacting market dynamics positively [1]
Ivanhoe Mines Announces Kamoa-Kakula Copper Production Guidance for 2026 and 2027 as Recovery Plan Advances
Newsfile· 2025-12-03 11:10
Core Viewpoint - Ivanhoe Mines has announced copper production guidance for the Kamoa-Kakula project, projecting production ranges of 380,000 to 420,000 tonnes for 2026 and 500,000 to 540,000 tonnes for 2027, while maintaining a medium-term target of 550,000 tonnes annually [1][4][21]. Production Guidance - The 2026 copper production is expected to be between 380,000 and 420,000 tonnes, while for 2027, the range is set at 500,000 to 540,000 tonnes [1][32]. - Copper sales in 2026 are anticipated to exceed production due to the clearance of surplus concentrate inventory, with an estimated destocking of approximately 20,000 tonnes of copper [5][41]. Mining and Dewatering Progress - Dewatering at the Kakula Mine is progressing well, with over 60% completion on the eastern side and approximately 70% on the western side [2][3][22]. - The rehabilitation of underground workings has reached 13.4 kilometers, with 4.6 kilometers dewatered, allowing for the resumption of operations [3][4]. Mining Rates and Ore Processing - Mining rates on the western side of Kakula have increased to an average of 350,000 tonnes per month, with expectations to reach 450,000 tonnes per month by the end of Q1 2026 [8][10]. - Approximately 6 million tonnes of ore is expected to be mined at Kakula in 2026, increasing to between 7 and 8 million tonnes in 2027, with grades ranging from 3.5% to 4.5% [11][41]. Future Plans and Capacity - The combined annualized mining rate of the Kamoa mines is targeted to increase from approximately 6.5 million tonnes currently to over 10 million tonnes in 2027 [12][42]. - The total processing capacity of the Phase 1, 2, and 3 concentrators is expected to reach 17 million tonnes per annum from 2027 [15][17]. Recovery and Production Improvement - The recovery plan for the Kakula Mine is expected to lead to a gradual improvement in production rates, with annualized copper production anticipated to return to approximately 550,000 tonnes over the medium to long term [21][41]. - The updated life-of-mine plan for Kamoa-Kakula is on track for completion by late Q1 2026, which will include a full review of both Kakula and Kamoa operations [20][41].