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Osisko Intersects 748 Metres Averaging 0.27% Cu at Gaspé
Globenewswire· 2026-01-15 11:00
Core Insights - Osisko Metals has announced new drill results from the Gaspé Copper Project, highlighting significant mineralization and potential resource expansion [1][2]. Summary by Category Drill Results - The recent drilling program included 35 mineralized intercepts from ten new drill holes, focusing on upgrading inferred mineral resources to measured or indicated categories [2]. - Drill hole 30-1143 (Southern Extension) reported 163.5 metres averaging 0.47% Cu and 3.41 g/t Ag, confirming higher grades in this zone [16]. - Drill hole 30-1142 showed 585.0 metres averaging 0.24% Cu and 245.0 metres averaging 0.55% Cu, indicating significant mineralization depth [15]. - Drill hole 30-1144 reported 748.0 metres averaging 0.27% Cu, extending mineralization to a vertical depth of 895 metres [17]. Mineral Resource Expansion - 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 [22]. - The Gaspé Copper Project hosts the largest undeveloped copper resource in eastern North America, with current Indicated Mineral Resources of 824 million tonnes averaging 0.34% CuEq [29]. Geological Context - Mineralization at Gaspé Copper is characterized as porphyry copper/skarn type, with significant occurrences of chalcopyrite, pyrite, and molybdenite [20]. - The drilling strategy involves targeting altered calcareous stratigraphy, intersecting skarn/marble horizons that host the bulk of the disseminated copper mineralization [23]. Future Outlook - The next scheduled MRE update is anticipated in Q1 2026, incorporating new mineralized intersections below the previously defined resource limits [22].
XXIX Confirms Thierry's Growth Potential with First Systematic IP
TMX Newsfile· 2026-01-15 11:00
Highlights:73.5-line km IP survey completed-the first large-scale, systematic survey at Thierry.Strong IP anomalies detected between K1 and K2, east of K1, and west of K2.Anomalies indicate potential sulphide mineralization between K1 and K2.Broad conductive corridors suggest district-scale exploration targets.Nearing Completion of Full K2 Database Reinterpretation; Leveraging 210,000m of Drilling DataThierry positioned for an active 2026 exploration season.Toronto, Ontario--(Newsfile Corp. - January 15, 2 ...
Taseko (TGB) Climbs 11.8% on Looming Copper Site Operations
Yahoo Finance· 2026-01-15 10:10
Group 1 - Taseko Mines Limited (NYSEAmerican:TGB) has seen a significant stock price increase, rising 11.81% to close at $7.29, driven by the upcoming operations at its Florence Copper mine in Arizona [1][3] - The construction at the Florence Copper site is complete, and the company has transitioned to wellfield operations and the commissioning of the SX/EW plant [2] - The CEO of Taseko Mines expressed satisfaction with the initial copper recoveries and the performance of the commercial wellfield, anticipating the start-up of the SX/EW plant and first copper cathode production within weeks [3] Group 2 - Taseko's Gibraltar mine produced approximately 98 million pounds of copper and 1.9 million pounds of molybdenum last year, with fourth-quarter production at 31 million pounds of copper and 800,000 pounds of molybdenum [4] - The production at Gibraltar in the second half of the year showed notable improvement over the first half, with expectations for more consistent quarterly production and higher overall copper production by 2026 [5]
Oroco Closes Upsized C$23M Bought Deal Financing Led by Canaccord Genuity
TMX Newsfile· 2026-01-14 14:26
Core Points - Oroco Resource Corp. has successfully closed a bought deal public offering of 60,526,340 units at a price of C$0.38 per unit, raising approximately C$23 million in gross proceeds [1] - Each unit consists of one common share and one-half of a common share purchase warrant, with the warrants allowing the purchase of additional common shares at C$0.53 until January 15, 2029 [2] - The offering was led by Canaccord Genuity Corp. as the lead underwriter and included a cash commission of 6.0% on the gross proceeds, reduced to 3.0% for certain purchasers [3] Offering Details - The offering was completed via a prospectus supplement dated January 9, 2026, and was available in all Canadian provinces except Québec, as well as to qualified institutional buyers in the U.S. [4] - The net proceeds from the offering will be used to fund the commencement of a Pre-Feasibility Study drilling at the Santo Tomás copper project, advance environmental and permitting work, and for general corporate working capital [5] Company Overview - Oroco holds an 87.0% interest in the Core Concessions of the Santo Tomás Project, covering 1,173 hectares, and an 80% interest in an additional 7,861 hectares of surrounding mineral concessions [8] - The Santo Tomás Project is located in northwestern Mexico and has significant copper porphyry mineralization, with prior exploration conducted from 1968 to 1994 [9] - The project is well-serviced, located within 170 km of a deep-water port and accessible via highway and rail [10]
BofA details its top 3 stock picks in the red-hot metals sector
Yahoo Finance· 2026-01-13 22:56
Core Viewpoint - The metal and mining sector is experiencing a significant rally, with Bank of America identifying three key stock picks for investors looking to capitalize on this trend as the sector is expected to grow further into 2026 [1][2]. Industry Summary - Precious and industrial metals have seen substantial price increases in 2025, which has positively impacted mining stocks [6]. - The U.S. government's emphasis on increasing domestic production of critical materials is providing a favorable environment for the mining sector [6]. Company Summaries - **Agnico Eagle Mines** - Achieved a 1-year return of +130% - Recognized as the top pick for precious metals miners due to its project pipeline and potential for further gold discoveries [3]. - **Cameco Corporation** - Recorded a 1-year gain of +123% - Identified as the leading choice in uranium mining, with significant growth potential and diversified exposure across nuclear energy and fuel supply chains [4]. - **Freeport-McMoRan** - Experienced a 1-year gain of +50% - Considered the best stock for exposure to copper, which is expected to rise due to demand from AI producers [4].
Highland Copper Signs Definitive Agreement for Sale of 34% Interest in White Pine for US$30 Million
Globenewswire· 2026-01-13 22:15
Core Viewpoint - Highland Copper Company has signed a definitive Membership Interest Purchase Agreement with Kinterra Copper USA LLC for the sale of its 34% interest in the White Pine North Project for approximately US$30 million [1][2]. Group 1: Transaction Details - The total consideration for the transaction includes US$18.3 million in cash, after accounting for approximately US$11.7 million in outstanding principal and accrued interest on a loan from Kinterra to Highland's subsidiary [2]. - Cash calls under the White Pine joint operating agreement will be suspended, meaning the Company will not be obligated to make cash calls through closing [2]. - The transaction is expected to close in January 2026, with a deadline of February 27, 2026, subject to customary closing conditions and approvals [4]. Group 2: Use of Proceeds - Proceeds from the sale will be utilized to fund corporate activities and the Copperwood Project, eliminate existing debt, and streamline the corporate structure [3]. Group 3: Company Overview - Highland Copper Company is focused on exploring and developing copper projects in Michigan, owning the Copperwood deposit and a 34% interest in the White Pine North project through a joint venture with Kinterra [6]. - The Company has 738,188,122 common shares outstanding, listed on the TSX Venture Exchange under the symbol "HI" and on the OTCQB under "HDRSF" [6].
Alta Copper Answers Questions About Fortescue Transaction
Accessnewswire· 2026-01-13 15:37
VANCOUVER, BC / ACCESS Newswire / January 13, 2026 / In response to feedback received from its shareholders, Alta Copper Corp. (TSX:ATCU)(OTCQX:ATCUF)(BVL:ATCU) ("Alta Copper" or the "Company") is pleased to provide answers to some of the most frequently asked questions about the arrangement (the "Transaction") involving Alta Copper, Fortescue Ltd ("Fortescue") and Nascent Exploration Pty Ltd, a wholly-owned subsidiary of Fortescue (the "Purchaser") pursuant to which the Purchaser will acquire all of the is ...
Fitzroy Minerals Reports 176 m @ 0.47% CuEq1 (0.31% Cu, 249 ppm Mo, 0.04 g/t Au) at the Caballos Copper Project and Confirms that the Buen Retiro Copper Project is Analogous to Candelaria, Chile
Thenewswire· 2026-01-13 14:15
Core Insights - Fitzroy Minerals Inc. is making significant progress in its exploration of the Buen Retiro and Caballos copper projects in northern Chile, coinciding with record-high copper prices, indicating a transformative year ahead for the company [1][2]. Caballos Project - The Caballos project has revealed a robust copper-molybdenum-gold system with multiple mineralization phases, extending over 600 meters, with ongoing exploration [2][4]. - Phase 1 drilling at Caballos has completed 3,154 meters across nine holes, with an airborne geophysical survey scheduled for Q1 2026 to enhance geological modeling [4][12]. - Drill hole CAB-DDH004A intersected 176 meters at 0.31% Cu, 249 ppm Mo, and 0.04 g/t Au, indicating promising mineralization [6][8]. Buen Retiro Project - At Buen Retiro, drilling continues to intersect significant sulphide mineralization, with a focus on the Upper Pucobre Formation, which is similar to the Candelaria deposit [3][20]. - Approximately 8,000 meters of diamond drilling across 29 holes has been completed, with assays pending for several drill holes due to laboratory delays [14][18]. - The geological interpretation indicates a copper-mineralized trend extending about 1 kilometer, with mineralization preferentially developed in permeable volcanic breccias and tuffs [17][18]. Technical Developments - The company plans to upgrade the Technical Report on the Heap Leach Joint Venture with Pucobre to a Pre-Feasibility Study, reflecting confidence in the project [4][23]. - New drilling contracts for 2026 are being negotiated, focusing on both exploration and larger diameter infill drilling [22]. Geophysical Surveys - Fitzroy has contracted Expert Geophysics for an airborne MobileMT survey to map subsurface geology to depths of 1 to 2 kilometers, with a total of approximately 716 line-km planned [10][12].
Taseko Provides Update on Florence Copper Ramp-up and Gibraltar 2025 Production Results
Globenewswire· 2026-01-13 13:30
Core Viewpoint - Taseko Mines Limited has successfully transitioned from construction to early-stage operations at Florence Copper, with positive initial copper recoveries and plans for the SX/EW plant to commence operations shortly. The company also reported significant production results from the Gibraltar Mine for 2025, indicating improvements in copper and molybdenum production. Group 1: Florence Copper Update - Construction at Florence Copper is complete, and operations have shifted to wellfield operations and commissioning of the SX/EW plant [2] - Wellfield acidification began in early November, with mining solutions circulating in all new production wells, leading to increased copper recovery grades [2] - The SX/EW plant commissioning is progressing smoothly, with operations expected to start soon [2][4] Group 2: Gibraltar Mine Production Results - In 2025, Gibraltar produced 98 million pounds of copper and 1.9 million pounds of molybdenum, with sales matching production figures [4] - Fourth quarter production saw a significant increase, with 31 million pounds of copper produced, and a copper head grade of 0.26% [4] - Molybdenum production in the fourth quarter reached 0.8 million pounds, marking a 50% increase from the previous quarter and the best quarterly production in eight years [4] Group 3: Future Outlook - The company anticipates more consistent quarterly production in 2026, supported by better positioning in the Connector pit and improved overall copper production [5]
Taseko Provides Update on Florence Copper Ramp-up and Gibraltar 2025 Production Results
Globenewswire· 2026-01-13 13:30
Core Viewpoint - Taseko Mines Limited has successfully transitioned from construction to early-stage operations at Florence Copper, with positive initial copper recoveries and plans for the SX/EW plant to commence operations shortly [2][4]. Group 1: Florence Copper Update - Construction at Florence Copper is complete, and operations have shifted to wellfield operations and commissioning of the SX/EW plant [2]. - Wellfield acidification began in early November, with mining solutions circulating in all new production wells by early December, exceeding expectations for injection flowrates [2]. - The average solution grade of copper recovered has reached the level required for SX/EW plant operations, with commissioning progressing smoothly [2]. Group 2: Gibraltar Mine Production Results - In 2025, Gibraltar produced 98 million pounds of copper and 1.9 million pounds of molybdenum, with sales matching production figures [4]. - Fourth quarter copper production was 31 million pounds, a significant increase from previous quarters, with a copper head grade of 0.26% and recoveries at 81% [4]. - Molybdenum production in the fourth quarter was 0.8 million pounds, approximately 50% higher than the third quarter, marking the best quarterly production in eight years [4]. Group 3: Future Outlook - The second half of 2025 saw notable improvements in Gibraltar's production due to higher grades and better quality ore [5]. - The company anticipates more consistent quarterly production in 2026, with expectations for higher overall copper production as operations stabilize [5].