China’s CMOC plans to invest as much as $1.08 billion at one of its copper mines in the Democratic Republic of the Congo, after third-quarter profit almost doubled https://t.co/01X5DLB2ff ...

Core Insights - XXIX Metal Corp. expresses gratitude to Chapais residents for their engagement in the Opemiska Project consultations, marking a significant step in community collaboration [2][3] - The Opemiska Project aims to revitalize a historic copper mining site with an estimated investment exceeding C$3.5 billion over approximately 20 years, enhancing local economic benefits [4][5] Project Overview - The Opemiska Project is positioned as one of Canada's most promising copper development initiatives, with a Preliminary Economic Assessment (PEA) indicating robust economic potential [5] - The project includes a processing plant within Chapais to maximize local advantages and is expected to generate significant revenue and job opportunities [4][12] Economic Assessment - The PEA outlines a C$505 million after-tax Net Present Value (NPV) at an 8% discount rate and a 27.2% after-tax Internal Rate of Return (IRR) [6] - Utilizing current metal prices, the after-tax NPV could rise to C$897 million with a 39.3% IRR, indicating strong leverage to increasing copper and gold prices [6][7] Production and Cost Metrics - The project anticipates an average annual production of 59 million pounds of copper, 34,000 ounces of gold, and 174,000 ounces of silver during the first six years [11] - The C1 cash cost is projected at US$1.03 per pound, positioning Opemiska in the lower quartile of the global cost curve [11] Community Engagement - XXIX Metal Corp. is committed to ongoing dialogue with residents, including thematic workshops and regular newsletters to keep the community informed [8][13] - The company plans to establish a monitoring committee to ensure transparency and citizen participation throughout the project's development [13] Future Steps - The company will continue to engage with the Chapais community, providing updates and information through its dedicated website [9] - The management emphasizes the project's potential to deliver long-term economic and social benefits to Chapais and the surrounding region [9]

Core Viewpoint - Solis Minerals Ltd has secured the right to acquire up to 100% of the Cucho Copper Project in Peru, starting with a 75% interest and a pathway to full ownership [1][4]. Project Details - The Cucho Copper Project is located 40 km from the coast and near major export infrastructure, which facilitates access and development [2][7]. - The project area has low agricultural use and minimal nearby communities, making it potentially straightforward for development [2][7]. Geological Indicators - Surface geochemical indicators are widespread across the site, with historical drilling from 2014 showing significant copper mineralization across seven holes and over 2,000 meters drilled [3][8]. - The results from historical drilling are consistent with operating projects in the region, and there are attractive untested geophysical and geochemical anomalies present [3][8]. Exploration Plans - The company plans a 90-day exploration phase that includes permitting, surface sampling, and a drone magnetic survey, with drilling expected before the end of 2025 [4][11]. - Other assets, including Chancho, El Pollo, and Canyon, remain active, with additional assays pending and Canyon expected to be drill-ready by mid-2026 [4]. Strategic Focus - The acquisition of Cucho is seen as a strong addition to the company's portfolio, with the aim of maximizing discovery potential across multiple projects [8][11]. - The company intends to maintain a broad exploration portfolio to enhance the chances of significant copper-gold discoveries [11].

Core Insights - Cyprium Metals Ltd has announced new board appointments and updates on the Nifty Copper Complex development, indicating a strategic shift towards operational readiness [1][2] Company Developments - Jim Simpson and Amber Banfield have been appointed as non-executive directors, with Simpson bringing extensive experience in copper operations and Banfield specializing in ESG and sustainability [2][8] - The company has completed a capital raise to support the restart of the cathode project at Nifty, emphasizing the importance of both funding and skilled personnel in the mining sector [7][8] Nifty Copper Complex Development - A four-phase development plan for the Nifty restart has been outlined, including relining ponds, commissioning heaps, and preparing for full operational readiness [3][10] - Current work includes environmental infrastructure improvements, such as relining ponds and restoring drainage systems for leachate collection and stormwater management [3][12] Upcoming Milestones - Key upcoming events include a shareholder AGM in about one month and formal project sanctioning by the board [4][13] - Investors can expect ongoing updates regarding the Nifty project, including developments related to the attached sulfide resource and other assets in the portfolio [4][15]

Core Insights - Gunnison Copper Corp. reports positive results from limestone evaluation, indicating that 96% of analyzed limestone meets industrial specifications for various saleable products, which could enhance project economics and diversify revenue streams [1][2][3] Limestone Evaluation Highlights - Approximately 96% of the analyzed limestone meets thresholds for cement and agricultural lime applications, with an average of over 96% calcite and over 55% CaO [3] - About 21% of the limestone is suitable for premium paper filler and high-brightness paint applications, averaging over 97% calcite and approximately 56% CaO [3] - The current mine plan includes around 224 million tons of limestone categorized as waste over a 16-year mine life, with potential for increased commercially suitable material following further analysis [3] Next Steps - The company plans to expand sampling coverage beyond the initial 883 feet to improve statistical confidence across the planned open pit area [12] - Specification-based testing will be conducted to align with standards for cement, agricultural lime, and premium filler/paint products [12] - The company will evaluate logistics, permitting, and commercialization options, including potential marketing partnerships and offtake discussions for incorporation into the updated Preliminary Economic Assessment (PEA) expected in Q1 2026 [12]

Cruz Battery Metals Announces Private Placement to Fund Work Programs on its Nevada & Ontario ProjectsOctober 23, 2025 2:23 PM EDT | Source: Cruz Battery Metals Corp.Vancouver, British Columbia--(Newsfile Corp. - October 23, 2025) - Cruz Battery Metals Corp. (CSE: CRUZ) (OTCID: BKTPF) (WKN: A40YSN) ("Cruz" or the "Company") wishes to announce a private placement to fund work programs on the Company's Nevada lithium projects and the gold/copper project in Ontario. Cruz's Solar Lithium Project i ...

Group 1 - Freeport-McMoRan (FCX) exceeded third-quarter earnings estimates but did not provide a timeline for resuming production after the Grasberg mine disaster, contributing to a shift from projected copper surplus to deficit [1][4] - FCX stock experienced an increase as near-term copper contracts approached the upper range of recent trading [1] - Alcoa (AA) also saw a significant rise in stock value amid the copper market dynamics [1][4] Group 2 - The stock market is showing signs of optimism with upcoming earnings reports from major companies like Netflix and Tesla, alongside various mining and defense stocks [2] - The copper market is experiencing a rally, with Freeport-McMoRan achieving a notable improvement in its relative strength (RS) rating, indicating strong market performance [4] - The overall market is reacting to inflation concerns, with the Nasdaq index holding steady while other indexes show mixed performance [4]

Group 1 - Antofagasta reported a copper production of 161,800 tons in Q3 2025, representing a 1% quarter-on-quarter increase, with an annual production guidance of 660,000-700,000 tons at the lower end [2] - China's copper industry faces three major challenges: increasing reliance on foreign upstream resources, overcapacity in the midstream processing sector, and downstream demand being suppressed by high copper prices [2] - To assist the industry in navigating these changes, Shanghai Nonferrous Metals Network collaborated with copper industry enterprises to compile the "2026 China Copper Industry Chain Distribution Map," available in both Chinese and English [2]

Core Viewpoint - Freeport-McMoRan Inc (NYSE:FCX) is currently trending in the market, with notable interest from investment professionals despite facing challenges in copper prices and macroeconomic conditions [1][2]. Group 1: Company Performance - Freeport-McMoRan has been identified as one of the bottom individual contributors in Q4 2024, primarily due to declining copper prices [2]. - The company is affected by a strong US dollar, ongoing US-China trade tensions, and potential increased tariffs under the new administration, contributing to a challenging macroeconomic environment [2]. Group 2: Market Sentiment - Steven Grasso, CEO of Grasso Global, expressed a positive outlook on Freeport-McMoRan, indicating a long position in copper and the company [1]. - Despite the challenges faced by Freeport-McMoRan, there is a belief in its potential as an investment, although some analysts suggest that AI stocks may offer better returns with lower risk [2].

Core Points - Amerigo Resources Ltd. has signed a three-year collective labour agreement with the operators' union of Minera Valle Central, effective from October 29, 2025, to October 29, 2028 [1][2] - The agreement reflects constructive negotiations aimed at ensuring fair treatment and long-term security for MVC employees [2] - The new contract emphasizes the company's commitment to maintaining strong relationships with its employees, who are considered the foundation of the company's success [3] Company Overview - Amerigo Resources Ltd. is an innovative copper producer with a long-term relationship with Codelco, the world's largest copper producer [5] - The company produces copper concentrate and molybdenum concentrate as a by-product at the MVC operation in Chile by processing tailings from Codelco's El Teniente mine [5]