Copper Mining
Search documents
Horizon Copper (CVE:HCU) Trading 0.5% Higher – What’s Next?
Defense World· 2026-01-10 07:27
Horizon Copper Corp. (CVE:HCU – Get Free Report)’s stock price was up 0.5% during mid-day trading on Friday . The company traded as high as C$2.00 and last traded at C$2.00. Approximately 2,900 shares were traded during trading, a decline of 97% from the average daily volume of 90,708 shares. The stock had previously closed at C$1.99.Horizon Copper Trading Up 0.5%The firm has a market capitalization of C$180.73 million, a PE ratio of -2.15 and a beta of 0.95. The firm’s fifty day moving average price is C$2 ...
FREEPORT URGENT CLASS ACTION DEADLINE 1/12: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Freeport-McMoran Inc. and Encourages Investors to Contact the Firm Before January 12th
Globenewswire· 2026-01-09 17:19
Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In Freeport (FCX) To Contact Him Directly To Discuss Their Options If you purchased or acquired Freeport securities between February 15, 2022 and September 24, 2025 and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Melissa Forunato directly at (212) 355-4648. Click here to participate in the action. NEW YORK, Jan. 09, 2026 (GLOBE NEWSWIRE) -- What’s Happenin ...
Greenstone Files Early Warning Report for Marimaca Copper Corp.
Globenewswire· 2026-01-09 14:20
Core Viewpoint - Greenstone Resources L.P. and its affiliates have increased their stake in Marimaca Copper Corp. to 22.28% following the acquisition of 838,360 shares through the exercise of options and conversion of restricted share units [1][2]. Group 1: Acquisition Details - On January 7, 2026, the Greenstone Group acquired a total of 838,360 shares of Marimaca, which includes 560,000 options exercised and 532,896 restricted share units converted into shares [1]. - The January Share Issuances represent 0.71% of Marimaca's total issued and outstanding shares [1]. - After the acquisition, the Greenstone Group holds 26,505,174 shares of Marimaca [1]. Group 2: Previous Holdings - Prior to the recent acquisition, the Greenstone Group owned 25,565,823 shares, 170,000 RSUs, and 1,105,000 options [2]. - If the Greenstone Group had exercised all RSUs and options, it would have held approximately 26.24% of Marimaca's total shares [2]. Group 3: Changes in Holdings - The Greenstone Group's holding percentage has decreased by almost 4% due to dilution from share issuances by Marimaca [3]. - During the period since the last early warning report, the Greenstone Group was granted 362,896 RSUs, while 545,000 options expired [3]. - The group converted 532,896 RSUs into shares and exercised 560,000 options into 305,455 shares [3]. Group 4: Future Intentions - The Greenstone Group may acquire or dispose of securities of Marimaca depending on market conditions and other factors [4].
MetalQuest Mining Announces Second and Final Tranche Closing
Thenewswire· 2026-01-09 12:15
Core Viewpoint - MetalQuest Mining Inc. has successfully completed a non-brokered private placement financing, raising a total of $1,966,780.20 across two tranches, with strong investor demand noted but no increase in financing to avoid dilution [2][3]. Financing Details - The second tranche involved the issuance of 1,963,760 non-flow-through units at a price of $0.17 per unit, generating gross proceeds of $333,839.20 [1][2]. - The NFT Units consist of one common share and one-half of a share purchase warrant, with each whole warrant allowing the purchase of an additional common share at an exercise price of $0.40 for two years [2]. Regulatory Compliance - The Offering is subject to approval from the TSX Venture Exchange, and all securities issued are subject to a minimum hold period until May 10, 2026, in accordance with Canadian Securities laws [3]. Insider Participation - An existing insider purchased 87,875 NFT Units, classified as a related party transaction, with the company relying on exemptions from formal valuation and minority shareholder approval requirements [4]. - Following the Offering, the insider, Harry Barr, controls approximately 38.46% of the company's outstanding common shares on a post-offering basis [7]. Project Development - MetalQuest Mining owns 100% of the Lac Otelnuk Iron Project, one of the largest iron projects in North America, with approximately $120 million already invested in the project [10][11]. - The company is collaborating with the Naskapi First Nation and has engaged AtkinsRéalis for a comprehensive analysis of the historic feasibility study to align it with current market conditions and standards [11]. Future Plans - Initial work at the Superior Iron Project is planned for Winter/Spring 2026, focusing on geological surveys and environmental studies to refine exploration targets [12]. Additional Holdings - The company also holds approximately 1.8 million shares and 2.5 million warrants of Canadian Copper Inc., along with two NSR royalties in the Murray Brook deposit [13][14].
Prismo Metals to Increase Hot Breccia Interest to 95%, Secures Option for Full Control
Thenewswire· 2026-01-09 08:30
Core Viewpoint - Prismo Metals Inc. has entered an agreement to increase its interest in the Hot Breccia copper project from 75% to 95%, with an option to acquire the remaining 5%, enhancing its strategic flexibility and funding capabilities for future drilling [1][2]. Group 1: Transaction Details - Prismo will pay CA $185,000 to acquire an additional 20% interest in the Hot Breccia project and assume obligations to issue shares valued at approximately CA $54,000 to Walnut Mines LLC [2]. - The transaction is expected to close around January 16th, 2025, and will be funded through a third party, preserving the company's working capital for other projects [2]. Group 2: Project Significance - The Hot Breccia project is located in Arizona's Copper Belt, which contains several significant porphyry copper deposits, indicating a promising exploration environment [3]. - Historical drilling has shown high-grade copper mineralization at depths of 640 to 830 meters, suggesting the potential for a large mineralized system [4][6]. Group 3: Exploration Potential - Prismo's exploration model is supported by historical drilling results, geophysical surveys, and a recent AI study, identifying an anomalous target area measuring 1,100 meters by 1,150 meters [5]. - The project area shares geological features with notable deposits like BHP-Rio Tinto's Resolution copper deposit, enhancing its exploration appeal [6]. Group 4: Historical Context - Previous drilling by a Rio Tinto subsidiary intersected high-grade mineralization, with notable intercepts including 23 meters at 0.54% Cu and 18 meters at 1.4% Cu [6]. - The mineralization is associated with altered Paleozoic carbonate rocks, similar to those hosting high-grade copper at nearby mines [8].
King Copper Discovery Announces Private Placement
Globenewswire· 2026-01-08 13:00
VANCOUVER, British Columbia, Jan. 08, 2026 (GLOBE NEWSWIRE) -- King Copper Discovery Corp. (“King Copper”, or the “Company”; KCP-TSXV, TBXXF-OTCQB, 3RI0-FSE) is proposing to complete a non-brokered private placement financing of 25 million units at a price of 60 cents per unit for gross proceeds of up to $15-million, with each unit consisting of one common share and one share purchase warrant, exercisable at $0.98 for two years. All securities issued in connection with the financing will be subject to a sta ...
'Substantial Shortfall' in Copper Supply Widens as the Race for AI and Growing Defense Spending Add to Accelerating Demand, New S&P Global Study Finds
Prnewswire· 2026-01-08 12:00
Core Insights - A significant copper supply deficit is projected to reach 10 million metric tons by 2040 due to a 50% increase in demand driven by electrification, AI, and defense spending [1][2][3] Demand Projections - Global copper demand is expected to rise to 42 million metric tons by 2040, a 50% increase from current levels [1] - Core economic demand will account for 23 million metric tons (53% of global demand) by 2040, while energy transition and additional demand will increase to 15.7 million metric tons [6] - Demand from AI and data centers, along with rising defense spending, is anticipated to add 4 million metric tons to the total demand by 2040 [7] Supply Challenges - Global copper production is projected to peak at 33 million metric tons in 2030, leading to a substantial shortfall by 2040 [2] - The study indicates that overcoming the supply gap will require an additional 10 million metric tons of primary supply by 2040, alongside increased recycling efforts [8] - The copper sector faces challenges such as declining ore grades, rising costs, and complex extraction conditions, with an average of 17 years needed for a new copper mine to go from discovery to production [9][10] Strategic Importance - Copper has been classified as a 'critical metal' by several countries, including the United States, due to its essential role in various sectors [4] - The future availability of copper is deemed a matter of strategic importance, linking machinery, digital intelligence, and security systems [4] Conclusion - The study emphasizes the need for multilateral cooperation and regional diversification to ensure a resilient global copper supply system, crucial for electrification and digitalization in the age of AI [11]
Stocks Hover Near Record Highs on Mixed US Economic News
Yahoo Finance· 2026-01-07 16:21
Economic Indicators - Q3 nonfarm productivity is expected to increase by +4.7%, while unit labor costs are projected to rise by +0.3% [1] - Initial weekly unemployment claims are anticipated to rise by 12,000 to 211,000 [1] - December nonfarm payrolls are expected to grow by +59,000, with the unemployment rate projected to decrease by -0.1 to 4.5% [1] - Average hourly earnings for December are expected to increase by +0.3% month-over-month and +3.6% year-over-year [1] - October housing starts are expected to rise by +1.4% month-over-month to 1.325 million, and building permits are expected to increase by +1.1% month-over-month to 1.350 million [1] - The University of Michigan's January consumer sentiment index is expected to rise by 0.6 points to 53.5 [1] Labor Market - November JOLTS job openings fell by -303,000 to a 14-month low of 7.146 million, below expectations of 7.648 million [2] - December ADP employment change increased by +41,000, which is weaker than the expected +50,000 [2] - MBA mortgage applications rose by +0.3% in the week ending January 2, with the purchase mortgage sub-index down -6.2% and the refinancing sub-index up +7.4% [2] Stock Market Performance - Stock indexes are mostly higher, with the S&P 500 reaching a new all-time high and the Nasdaq 100 hitting a 3.5-week high [5] - The Dow Jones Industrial Average fell from a record high due to mixed economic news [5] - The 10-year T-note yield decreased by -2 bp to 4.15% [5] Sector Performance - Cybersecurity stocks are performing well, with Crowdstrike Holdings up more than +4% and Palo Alto Networks up more than +3% [13] - Chip makers and data storage companies are under pressure, with Western Digital down more than -7% [11] - Mining stocks are declining, with silver down more than -5% and copper down more than -3% [12] International Markets - Overseas stock markets are mixed, with the Euro Stoxx 50 down by -0.16% and China's Shanghai Composite up by +0.05% [7] - European government bond yields are decreasing, with the 10-year German bund yield dropping to a 1-month low of 2.792% [9]
Oroco Announces Upsize of Bought Deal Financing Led by Canaccord Genuity
Globenewswire· 2026-01-07 14:36
VANCOUVER, British Columbia, Jan. 07, 2026 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTCQB: ORRCF) (the “Company” or “Oroco”) is pleased to announce that as a result of strong investor demand, the Company has amended its agreement with Canaccord Genuity Corp. (“Canaccord Genuity”), as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters (together, the “Underwriters”), to increase the size of its previously announced bought deal public offering to aggregate gross proceed ...
Oroco Announces Bought Deal Financing Led by Canaccord Genuity
Globenewswire· 2026-01-07 12:04
Core Points - Oroco Resource Corp. has entered into an agreement with Canaccord Genuity Corp. for a bought deal offering of 39,474,000 units at C$0.38 per unit, aiming for gross proceeds of approximately C$15.0 million [1][2] - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of an additional common share at C$0.53 for 36 months [2] - The underwriters have an over-allotment option to purchase an additional 5,921,100 units, potentially increasing total gross proceeds to approximately C$17.25 million if fully exercised [3] Use of Proceeds - The net proceeds from the offering will be used to fund the commencement of Pre-Feasibility Study drilling at the Santo Tomás copper project, advance environmental and permitting work, and for general corporate working capital [5] Project Overview - The company holds an 85.5% interest in the Core Concessions of the Santo Tomás Project, covering 1,173 hectares, and an 80% interest in an additional 7,861 hectares, totaling 9,034 hectares [7] - The project is located in northwestern Mexico and has significant copper porphyry mineralization, with prior exploration conducted from 1968 to 1994 [7] - Oroco has conducted a drill program since 2021, totaling 48,481 meters drilled in 76 diamond drill holes [7][8] Logistics and Accessibility - The Santo Tomás Project is situated 170 km from the Pacific deep-water port at Topolobampo and is accessible via highway and rail [9]