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Kutcho Copper Announces $1,000,000 Flow-Through Financing
TMX Newsfile· 2025-12-19 21:23
Core Viewpoint - Kutcho Copper Corp. has announced a non-brokered private placement to raise up to $1,000,000 through the issuance of flow-through units at a price of $0.17 per unit [1][2]. Group 1: Private Placement Details - The private placement will consist of up to 5,882,353 flow-through units, each unit comprising one flow-through share and one-half of a transferable common share purchase warrant [1][2]. - Each warrant is exercisable at a price of $0.25 per common share for a period of 24 months from the closing date [2]. Group 2: Use of Proceeds - The proceeds from the sale of flow-through shares will be used for exploration on the Kutcho copper-zinc property in British Columbia, qualifying as "Canadian exploration expense" and "flow-through critical mineral mining expenditure" [3]. - The exploration expenses must be incurred on or before December 31, 2026, and renounced to the initial purchasers of flow-through shares by December 31, 2025 [3]. Group 3: Regulatory and Compliance Information - The closing of the private placement is subject to approval from the TSX Venture Exchange [4]. - All securities issued will have a hold period of four months and a day from the date of issuance [4]. - The securities offered have not been registered under the U.S. Securities Act and cannot be sold in the United States without registration or exemption [5].
ABB advances electrification, automation at Boliden’s Aitik copper facility
Yahoo Finance· 2025-12-19 16:23
Automation company ABB has upgraded electrification and automation infrastructure to support the safe and efficient expansion of one of Europe’s key tailings facilities at Boliden’s Aitik copper mine. Situated just south of Gällivare in northern Sweden, Atik is the largest open-pit copper mine in the country. The upgraded systems aim to improve water storage, recycling and monitoring capabilities, helping the mine scale up its operations in line with rising global copper demand. The International Energ ...
FCX INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Announces that Freeport-McMoran Systems Investors Have Opportunity to Lead Class Action Lawsuit
Globenewswire· 2025-12-19 15:08
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Freeport-McMoRan Inc. due to allegations of violations of federal securities laws related to safety issues at the Grasberg Block Cave mine in Indonesia, which resulted in significant investor losses [2][4]. Group 1: Legal Investigation and Class Action - The firm is reminding investors of the January 12, 2026 deadline to seek the role of lead plaintiff in a federal securities class action against Freeport [2]. - The complaint alleges that Freeport and its executives made false or misleading statements regarding safety measures at the Grasberg mine, which led to increased risks for workers [4]. - Investors who purchased Freeport securities between February 15, 2022, and September 24, 2025, are encouraged to discuss their legal rights with the firm [1]. Group 2: Incident and Stock Price Impact - On September 9, 2025, Freeport suspended mining activities at the Grasberg mine after an incident trapped seven workers, causing the stock price to drop by $2.77, or 5.9%, closing at $43.89 per share [5]. - Following an update on September 24, 2025, revealing two fatalities among the trapped workers, Freeport's stock price fell by $7.69, or 17%, closing at $37.67 per share [6]. - An article published on September 25, 2025, highlighted potential strains in Freeport's relationship with the Indonesian government due to the halt in production, leading to a further stock price decline of $2.33, or 6.2%, closing at $35.34 [7][8]. Group 3: Safety Concerns and Expert Opinions - An expert stated that the landslide incident at the Grasberg mine was preventable and should have been anticipated, raising concerns about Freeport's safety protocols [8]. - The investigation seeks information from whistleblowers, former employees, and shareholders regarding Freeport's conduct [9].
Copper Staging a Comeback in 2026: 3 Stocks to Buy
ZACKS· 2025-12-19 14:41
Industry Overview - Copper prices are experiencing renewed momentum, with expectations for stronger prices heading into 2026 due to tightening global supply and solid demand, particularly from China and the U.S. [1][4] - Copper consumption is projected to accelerate significantly, driven by traditional industrial demand, energy transition trends, and the rapid expansion of digital infrastructure [2][9]. - The U.S. Geological Survey has included copper in its 2025 List of Critical Minerals, highlighting its strategic importance for U.S. energy independence and national security, which may lead to policy support and faster permitting [5]. Price Trends - Copper prices have fluctuated between $4.01 per pound in January and an all-time high of $5.96 per pound in July, currently trading around $5.47 per pound, with a year-to-date average of approximately $4.84 per pound [3]. - Prices have increased by roughly 35.8% this year, marking the highest gain since 2009, driven by strong demand and supply constraints [5][10]. Demand Drivers - Demand for copper has increased nearly fourfold over the last five decades, supported by sectors such as electrical and electronic products, building construction, and transportation equipment [8]. - The energy transition is a significant driver, with electric vehicles requiring more copper than traditional vehicles, and renewable energy systems heavily relying on copper supply [9][10]. Supply Constraints - Concerns over declining ore grades and lengthy timelines to bring new mines online are contributing to fears of a looming supply deficit, which supports higher copper prices [2][11]. - Supply fears are exacerbated by potential disruptions at major mining operations, including Quebrada Blanca, Grasberg, and Constancia [4]. Company Highlights BHP Group - BHP has reduced long-term debt and improved operational efficiency, with copper now contributing 39% of its EBITDA [13]. - The company has a robust pipeline that could deliver around 2 million tons per annum of copper production by the 2030s, with significant projects in Chile and the U.S. [14][15]. Southern Copper - Southern Copper has the largest copper reserves in the industry and is investing over $15 billion in capital projects, primarily in Peru [16]. - Key projects include Tía María, Los Chancas, and Michiquillay, which are expected to significantly boost copper production [18][19]. Teck Resources - Teck Resources is merging with Anglo American to form the Anglo Teck group, which will have over 70% exposure to copper and is projected to be among the top five global copper producers [20]. - The merger is expected to yield $800 million in annual pre-tax synergies and generate additional EBITDA synergies from 2030 to 2049 [21][22].
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
Core Viewpoint - The joint venture between Trilogy Metals and South32 is focusing on advancing the Ambler mining district in Alaska, with significant developments planned for 2026, including a $35 million work program to enhance the Upper Kobuk Mineral Projects. Group 1: Project Development - Trilogy Metals announced a $35 million work program for 2026 aimed at advancing the Upper Kobuk Mineral Projects, which include the Arctic and Bornite copper-rich deposits within a 1,900 sq.-km land package [2] - Exploration activities in 2026 will focus on the Arctic deposit, including geotechnical drilling to support mine design and infrastructure planning, while the Bornite project camp will be prepared for multi-year use [3] - The mine permitting process for the Arctic project is set to begin in 2026, leveraging federal expedited programs like FAST-41 [4] Group 2: Management and Community Engagement - Ambler plans to establish an independent management team in 2026 to oversee the next stages of the UKMP, focusing on permitting, technical programs, and community engagement [5] Group 3: Financial and Government Support - Trilogy has budgeted approximately $5 million for compliance and oversight of its investment in Ambler, and received $35.6 million from the US government to support UKMP development [7] - The US government has reinstated the critical access road permits in the Ambler mining district, which were previously revoked [8] Group 4: Resource and Economic Potential - The Arctic deposit is one of the highest-grade copper deposits globally, with 35.7 million indicated tonnes averaging over 5% copper equivalent, containing an estimated 2.34 billion lb. of copper [9] - A 2023 feasibility study for the Arctic deposit projected a 13-year mine life with annual payable copper production of 149 million lb., and an after-tax net present value of $1.1 billion [10] - The Bornite deposit is projected to have a 17-year mine life with total copper production of 1.9 billion lb., and an after-tax NPV of $393.9 million [11]
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
Core Viewpoint - Hercules Metals Corp. has appointed Mr. Matthieu Bos as the independent director and Chairman of the Board, succeeding Peter Simeon, who remains a director of the Company [1]. Group 1: Appointment Details - Mr. Matthieu Bos has over 15 years of experience in investment banking, project development, and corporate leadership within the global mining sector [2]. - His previous role was Executive Vice President at Ivanhoe Mines Ltd., where he was instrumental in advancing the Kamoa-Kakula Copper Project, securing US$3 billion in financing [3]. - Mr. Bos has also worked in the Metals & Mining Investment Banking team at BMO Capital Markets, advising on equity and debt financings, mergers, and acquisitions [4]. Group 2: Current Roles and Contributions - Currently, Mr. Bos serves as President and CEO of Falcon Energy Materials plc, a critical minerals development company [6]. - His experience positions him to provide strong governance and strategic guidance as Hercules advances the Leviathan porphyry copper discovery [6]. - The Company has granted Mr. Bos 1,000,000 incentive stock options, which will vest over 24 months [8]. Group 3: Company Overview and Strategic Vision - Hercules Metals Corp. is focused on developing a new porphyry copper district in Idaho, with the Leviathan porphyry copper system being a significant discovery [9][10]. - The Company is well-positioned for growth, supported by a strategic investment from Barrick Mining Corporation [10]. - Mr. Bos emphasized the strategic vision to develop the copper belt into a tier-one mining district, attracting attention from major mining companies [8].