Core Insights - QcX Gold Corp. has entered into an acquisition agreement to obtain several strategically located mining claims in the Batchawana Bay area of Ontario, adjacent to Sterling Metals Corp.'s Soo Copper Project, which has recently reported significant copper discoveries [1][2] Strategic and Geological Highlights - The newly acquired property consists of 323 individual mining claims, covering a large contiguous land package that shares over 6.6 kilometers of common boundary with Sterling's discovery zone, positioning QcX in a promising copper district [2] - The property is situated within the Precambrian-aged Batchawana Greenstone Belt, known for large porphyry-style copper systems, and lies along strike of the historically productive Tribag Mine [5] - Geological continuity is strong, with identical stratigraphy and structural orientation to Sterling's discovery area, supported by historic soil geochemical anomalies and untested geophysical conductors [5] - QcX plans to initiate a property-wide airborne magnetic survey to identify high-priority copper-molybdenum-silver-gold porphyry targets [5] - The project has district-scale potential with 323 contiguous claims and open ground nearby, allowing for expansion and joint-venture opportunities as exploration progresses [5] Transaction Details - As part of the acquisition, QcX will issue 6,000,000 common shares at a deemed price of $0.28 per share and make a cash payment of $15,000 to the vendor [7] - A 3% net smelter returns royalty has been granted to the vendor, with the option for QcX to purchase up to 1.5% of the NSR for $1,000,000 [8] - The completion of the transaction is subject to regulatory approvals, including that of the TSX Venture Exchange [8]

Core Insights - Midnight Sun Mining Corp has qualified to trade on the OTCQX Best Market, upgrading from the OTCID Basic Market, which enhances its visibility and accessibility for U.S. investors [1][3]. Company Overview - Midnight Sun Mining Corp is focused on mineral exploration and development, particularly its flagship Solwezi Project located in Zambia, which is in the Zambia-Congo Copperbelt, the second largest copper-producing region globally [5]. - The company aims to find and develop Zambia's next generational copper deposit, leveraging its experienced geological team [5]. Market Context - The upgrade to the OTCQX Market is significant for companies seeking to provide transparent trading for U.S. investors, as it allows them to utilize home market reporting to make information available in the U.S. [3]. - Companies must meet high financial standards and follow best practice corporate governance to qualify for OTCQX [3]. Leadership Perspective - The President & CEO of Midnight Sun, Al Fabbro, emphasized that trading on the OTCQX Market is a crucial step in broadening the investor base and increasing transparency for U.S. investors, especially given the company's significant discovery potential in Zambia [4].

Core Insights - The latest diamond drilling at the Cyclone Deposit has revealed high-grade copper intervals, indicating potential for resource expansion [1] - Significant assay results include drill hole PFS-002 intersecting 12.1m at 5.6% copper and drill hole PFS-001 intersecting 18.2m at 1.1% copper, both outside current pit designs [1] - Reverse Circulation drilling results support the potential for resource upgrade and expansion across multiple deposits [1] Group 1: Drilling Results - Drill hole PFS-002 reported 12.1m at 5.6% copper, including 0.5m at 27.3% copper [1] - Drill hole PFS-001 showed 18.2m at 1.1% copper, with notable intervals of 7.1m at 2.2% copper [1] - High-grade intervals were found near the surface, suggesting additional resource potential [1] Group 2: Resource Expansion Potential - Assays from resource drilling around Cyclone, Chinook, Thunder, and Cirrus Deposits indicate thick copper intervals [1] - Positive implications for resource expansion at Storm are highlighted by the drilling results [1] - Ongoing mine development workstreams include permitting and Pre-Feasibility Study for potential mine development [1]

Core Insights - Midnight Sun Mining Corp. has begun trading on the OTCQX Best Market in the U.S. under the ticker symbol "MDNGF" while continuing its primary listing on the TSX Venture Exchange as "MMA" [1][2] Company Overview - Midnight Sun is focused on exploring its flagship Solwezi Project located in Zambia, which is in the Zambia-Congo Copperbelt, the second largest copper-producing region globally [4] - The Solwezi Project is surrounded by significant copper mines, including First Quantum's Kansanshi Mine, which is Africa's largest copper mining complex [4] - The company aims to find and develop Zambia's next generational copper deposit, supported by an experienced geological team with a history of discoveries and mines worldwide [4] Market Impact - The move to the OTCQX is expected to broaden the investor base and increase transparency for U.S. investors, enhancing liquidity and visibility for shareholders [2][3] - Midnight Sun has a significant and loyal shareholder base in the U.S., making this transition a logical step to build upon that foundation [2]

Kodiak Strategically Expands MPD Project with Acquisition of Adjacent Claims and Initiates Soil ProgramOctober 20, 2025 6:00 AM EDT | Source: Kodiak Copper Corp.Vancouver, British Columbia--(Newsfile Corp. - October 20, 2025) - Kodiak Copper Corp. (TSXV: KDK) (OTCQB: KDKCF) (FSE: 5DD1) (the "Company" or "Kodiak") today announces it has entered into a purchase agreement with Eagle Plains Resources Ltd. ("Eagle Plains") to acquire a claim package adjacent to Kodiak's 100% owned MPD Project ("MPD ...

Core Insights - Gold Fields Limited has elected to proceed with Stage 2 of the USD$48 million earn-in option for Torq's Santa Cecilia project, with an anticipated spend of approximately USD$11 million for drilling and property payments [1][2] - The drilling program is set to commence in early to mid-November, utilizing two drill rigs, with preparations already underway [1] - The CEO of Torq expressed excitement about the follow-up drilling, which aims to target mineralization and test additional targets based on previous successful drilling results [2] Company Update - Torq Resources Inc. is a Vancouver-based exploration company focused on copper and gold, with a portfolio of premium holdings in Chile [4] - The company is committed to responsible and sustainable exploration practices, guided by a management team with a successful track record in monetizing exploration assets [4] - The technical team includes local Chilean geologists with extensive experience and a notable history of major discoveries in the region [4]

Core Viewpoint - Eagle Plains Resources Ltd. has entered into a property purchase agreement with Kodiak Copper Corp. for the acquisition of the Ketch and Portland projects [1] Company Summary - Eagle Plains Resources Ltd. (TSXV:EPL) is involved in the mining sector and has made a strategic move by agreeing to sell its Ketch and Portland projects to Kodiak Copper Corp. [1] - Kodiak Copper Corp. (TSXV:KDK) is expanding its portfolio through this acquisition, indicating a focus on growth and development in the mining industry [1]

Report Title - Copper Weekly Report 20251019: Macro and fundamentals are intertwined, and Shanghai copper will fluctuate in the short term [1] Core View - Macro and fundamentals are intertwined, and Shanghai copper will fluctuate in the short term [1] Summary by Directory Price Data - Downstream procurement sentiment is dull, and copper spot trading is average [10] - This week, the LME copper 0 - 3M spread strengthened on a week - on - week basis [11] Fundamental Data - This week, the average price of the copper concentrate TC index was -$40.97/ton, still low [17] - The loss caused by the accident at Codelco's El Teniente copper mine was 45% higher than previously estimated [18] - The refined scrap copper price difference decreased on a week - on - week basis [20] - China's electrolytic copper production in October is expected to decrease by 3.4% month - on - month and increase by 8.7% year - on - year [22] - China imported 485,000 tons of unwrought copper and copper products in September, and the cumulative import volume from January to September decreased by 1.7% year - on - year [24] - This week, both the electrolytic copper spot inventory and bonded area inventory increased within the week [26] - LME copper inventory decreased, while COMEX copper inventory increased [27] - The operating rate of refined copper rods rebounded on a week - on - week basis but decreased year - on - year. Enterprises resumed production but were restricted by high copper prices, and consumption was weak [30] - From October 1st to 12th, the retail sales of new energy vehicles in the national passenger car market decreased by 1% year - on - year [32] - The planned production volume of photovoltaic modules in October is expected to be slightly reduced [33] - The planned production volume of household air conditioners in October decreased by 18% compared with the actual performance of the same period last year [34] Macroeconomic Data - China's new social financing in September was 3.53 trillion yuan, and new RMB loans were 1.29 trillion yuan [38] - The US ISM manufacturing PMI continued to contract in September, and the service PMI significantly missed expectations [41] - Powell left the door open for the Fed to cut interest rates, but there are differences within the Fed on the pace of rate cuts [42]

Summary of J.P. Morgan Copper Dashboard Industry Overview - The report focuses on the copper industry, highlighting global production, inventory levels, and price dynamics. Key Points 1. **Global Copper Production Growth**: - Global copper production grew by 5% year-to-date through July 2025, but recent supply disruptions are expected to decelerate this growth. Notable disruptions include Kamoa-Kakula in May, Grasberg in September, and a downgrade from Teck in October [1][2][6]. 2. **Inventory Trends**: - Despite significant mine disruptions, global copper inventories have increased to approximately 700,000 tonnes from below 500,000 tonnes in June, marking the highest levels in the last five years. A deficit is forecasted for Q4 2025, suggesting a potential reversal in inventory trends [1][2][6]. 3. **Price Dynamics**: - LME copper prices have risen by 23% this year, reaching $4.84/lb, significantly outperforming aluminum, which increased by 10%. The market is currently in slight backwardation, but tight supply-demand dynamics are expected to support prices [1][2][6]. 4. **Future Price Projections**: - J.P. Morgan's Global Commodities Team anticipates average copper prices of $12,000/tonne ($5.44/lb) in Q1 2026 and around $11,240/tonne ($5.10/lb) for 2026, driven by major supply disruptions, particularly at Grasberg [2][6]. 5. **Refined Copper Deficit**: - A significant refined copper deficit is projected, with a shortfall of 160,000 tonnes in Q4 2025 and approximately 300,000 tonnes for 2026, despite a slowdown in Chinese demand and a forecasted global refined production growth of 2.2% [2][6]. 6. **Supply Risks**: - Ongoing supply risks at key mines such as Grasberg, Kamoa-Kakula, and Quebrada Blanca have led to a downward revision of 430,000 tonnes in 2026 mine supply estimates. Additionally, scrap supply growth is expected to slow due to policy changes in China [2][6]. 7. **Equity Preferences**: - In terms of equities, J.P. Morgan continues to favor Capstone Copper (CSC) in Australia and Antofagasta in EMEA, while also being overweight on Freeport and First Quantum in North America [1][6]. Additional Insights - **Market Sentiment**: High-frequency data shows mixed signals; treatment charges (TC/RCs) show no signs of recovery, while LME net speculative positioning is trending higher, indicating increased market interest [1][2][6]. - **Copper vs. Other Commodities**: Copper has shown a strong performance compared to other commodities, with significant year-to-date movements [1][6]. This summary encapsulates the critical insights from the J.P. Morgan Copper Dashboard, providing a comprehensive overview of the current state and future outlook of the copper industry.

Core Points - Koryx Copper Inc. has successfully held a special meeting of shareholders to approve the transfer of its registered office to Luxembourg and change its legal name to Koryx Copper S.A. [1][2] - A total of 51,606,515 common shares were represented at the meeting, accounting for approximately 53.75% of the total issued shares [1] - All resolutions presented at the meeting were approved by shareholders with overwhelming support, including the continuation, financial year approval, and appointment of new directors [2] Summary by Category Company Resolutions - The resolution for the continuation of the company in Luxembourg received 51,605,932 votes in favor, representing 99.999% of the votes [2] - The acknowledgment of the share capital composition was approved with 47,699,262 votes for, which is 92.43% of the votes [2] - The approval of the company's financial year and restatement of the Articles of Association also received 51,605,932 votes for, equating to 99.999% [2] Director Appointments - The appointment of Tarik El Hanch as a new resident director in Luxembourg was approved with 51,606,412 votes for, representing 99.999% [2] - Cristina Lara was also appointed as a new resident director with the same level of support [2] Future Actions - The continuation will take effect upon obtaining authorization from the BC Registrar and after the Luxembourg notary signs the notarial deed [2][3]