Core Insights - Pecoy Copper Corp. has reported initial assay results from its Phase 1 drill program at the Pecoy Project in southern Peru, highlighting significant copper-gold-molybdenum-silver mineralization [1][4][18] - The first drill hole, PEC-25-065, intersected approximately 1,186 meters of continuous mineralization, confirming the scale and vertical continuity of the South Breccia system [1][3][4] Summary by Sections Drill Results - Hole PEC-25-065 provided a continuous deep section through the South Breccia system, demonstrating hydrothermal brecciation and stockwork-style veining from surface to approximately 1,186 meters depth [3][9] - The hole ended in a transitional brecciation zone, indicating the presence of a porphyry architecture [3][10] - Significant intersections include: - 1,169.25 meters at 0.33% Cu, 0.11 g/t Au, 1.20 g/t Ag, and 0.013% Mo from 17.00 meters depth [4] - Higher-grade sections include 700 meters at 0.43% Cu, 0.14 g/t Au, 1.49 g/t Ag, and 0.019% Mo from 246 meters [7][10] Resource and Exploration Potential - The current inferred resource at the Pecoy Project is 865 million tonnes at 0.34% Cu, with additional credits from gold, molybdenum, and silver [4][18] - The mineralization encountered in the first hole is approximately 407 meters below the current resource pit shell, with grades exceeding the average of the existing resource [4][11] - The South Breccia is noted for its coherent geometry and strong continuity, remaining open laterally and at depth [11][18] Phase 1 Drilling Progress - Approximately 3,000 meters have been drilled in the Phase 1 program, with two holes completed and two additional holes in progress [12] - The drilling program aims to test and expand the higher-grade ore body and evaluate depth potential [11][12] Project Overview - The Pecoy Project is a large, undeveloped porphyry system located in a prolific copper belt in southern Peru, with favorable topography and year-round access [18][30] - The project benefits from excellent infrastructure, including proximity to highways and deep-water ports, facilitating efficient advancement from exploration to development [30]

Core Insights - The anticipated copper supply crunch is more related to downstream smelting and refining capacity rather than raw copper supply from mines [1][4] - The U.S. can meet 146% of its domestic copper demand through a combination of mine output, scrap, and overseas supply, contrasting with China's reliance on imports for 60% of its copper needs [2] - Rising copper prices, which have increased approximately 40% since October, are driven by supply disruptions and strong future demand linked to electrification and clean-energy technologies [3][5] Industry Analysis - Expanding refining and scrap-processing capacity is deemed more effective for improving supply security than acquiring new mines abroad, challenging current policy efforts focused on upstream supply [4] - The rising price of copper is becoming a significant profit driver for diversified mining companies, especially as iron-ore markets weaken [5]

Vancouver, British Columbia--(Newsfile Corp. - February 19, 2026) - Kodiak Copper Corp. (TSXV: KDK) (OTCQX: KDKCF) (FSE: 5DD1) (the "Company" or "Kodiak") announces the appointment of Mr. Tom Bruington to its Board of Directors, effective February 25, 2026. Mr Bruington is a mining engineer with broad experience in the evaluation, development and economic assessment of projects. Current director Mr. Chad Ulansky will step down from Kodiak's Board after serving since 2016.Claudia Tornquist, President and CE ...

Core Viewpoint - Harmony Gold Mining Company Ltd (NYSE:HMY) is identified as a promising stock for investment over the next six months, despite facing challenges with its newly acquired CSA Copper Mine in Australia that requires capital and strategic reassessment [1]. Group 1: Acquisition and Challenges - The company acquired the CSA Copper Mine in New South Wales for $1.03 billion last October, as part of its strategy to diversify into copper mining due to rising costs in gold mining in South Africa [2]. - The CSA Copper Mine, under previous ownership, produced 40,000 metric tons of copper annually, but its future output levels remain uncertain [3]. - Chief Executive Beyers Nel indicated that it may take up to two years or more to mitigate risks and improve the mine's operations, highlighting the need for a strategic rethink and recapitalization [3]. Group 2: Company Overview - Harmony Gold is a significant gold producer with extensive operations in South Africa and Papua New Guinea, and it is expanding its copper portfolio in Australia [4]. - The company manages the entire mining life cycle, including exploration, development, and operation of both underground and surface mines, and is recognized as a leader in gold tailings retreatment [4].

Ivanhoe Mines reports profit of $228M and adjusted EBITDA of $578M for 2025Kamoa-Kakula generates 2025 revenue of $3.28B and EBITDA of $1.45B, at a margin of 44%, despite lower production and sales since MayKamoa-Kakula cost of sales of $2.82/lb., and cash cost (C1) of $2.16/lb., achieving revised 2025 guidanceKamoa-Kakula cash cost (C1) guidance of $2.20/lb. to $2.50/lb. for 2026, decreasing to $1.90/lb. to $2.30/lb. for 2027Ramp up of Africa's largest and highest-technology copper smelter advancing ahead ...

Core Insights - Taseko Mines Limited reported a full year 2025 Adjusted EBITDA of $230 million and revenues of $673 million from the sale of 99 million pounds of copper and 1.9 million pounds of molybdenum, despite a net loss of $30 million for the year [3][11][12] Financial Performance - For Q4 2025, Adjusted EBITDA was $116 million, with cash flow from operations at $101 million, and a net income of $4 million [4][15] - Annual revenues increased to $672.9 million in 2025, up from $608.1 million in 2024, driven by higher copper sales [11][12] - The average realized copper price for Taseko was $4.61 per pound in 2025, contributing to strong revenue growth [11] Production Metrics - Gibraltar produced 31 million pounds of copper in Q4 2025 at a total operating cost (C1) of $2.47 per pound, with annual production totaling 98 million pounds at a similar cost of $2.66 per pound [5][25] - Molybdenum production increased to 1.9 million pounds in 2025, up from 1.4 million pounds in 2024, benefiting from higher grades and recoveries [23][25] - The Florence Copper project commenced copper cathode production in February 2026, with a target of 30 to 35 million pounds of copper in 2026 [6][39] Operational Developments - The Connector pit at Gibraltar is expected to remain the primary source of mill feed for the next three years, with total copper production projected between 110 to 115 million pounds in 2026 [34][36] - The Florence Copper SX/EW plant is fully operational, and wellfield expansion is underway to support increased production [6][39][40] - Construction of the Florence Copper facility was completed on time and within budget at $275 million, with no lost time injuries reported during the project [11][38] Strategic Initiatives - Taseko is focused on growing its project pipeline in North America, with significant milestones achieved in the Yellowhead and New Prosperity projects [8][43][46] - The Yellowhead project is projected to produce 4.4 billion pounds of copper over a 25-year mine life at an average C1 cost of $1.90 per pound [43][44] - The New Prosperity project reached a historic agreement with the Tŝilhqot'in Nation, providing a framework for future development [46][54]

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES. GUERNSEY, Channel Islands, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Greenstone Resources II LP (“Greenstone”) announces today that it, together with its affiliates Greenstone Excelsior Holdings LP, Greenstone Co-Investment No 1 (Excelsior) LP and Greenstone Co-Investment No 2 (Excelsior) LP (together, the “Greenstone Group”), have comp ...

Treasury Offering of C$136.5 Million (~ A$141 Million)Secondary Offering of C$272.5 Million (~ A$282 Million)Marimaca and the Selling Shareholders have received strong commitments via the Canadian Offering and Australian Offering (defined below)Pro forma cash before transactions costs is C$227 million (~ A$235 million[1])[2]Vancouver, British Columbia--(Newsfile Corp. - February 18, 2026) - Marimaca Copper Corp. (TSX: MARI) (ASX: MC2) ("Marimaca" or the "Company") is pleased to announce a highly successful ...

VANCOUVER, British Columbia, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Extensive sediment-hosted copper mineralization within the Seal Basin is now demonstrated to be driven by a deeply rooted, crustal-scale plumbing network beneath Viridian Metals Inc’s (CSE: VRDN) (“Viridian” or the “Company”) Sedna Project in Labrador, Canada. By integrating newly acquired magnetotelluric (“MT”) data with detailed surface mapping, Viridian has defined the geological architecture underpinning this district-scale mineralizing syst ...

Group 1: U.S. Copper Supply and Demand - The U.S. can meet 146% of its annual copper demand through domestic and overseas sources, contrasting sharply with China, which meets only 40% of its demand [1] - The U.S. produces more copper than it consumes, indicating a higher level of self-reliance in raw materials compared to China [1][2] - Despite a strong domestic copper mining sector, the U.S. exports large volumes of copper due to limited processing capacity, with much of it being refined overseas, primarily in China [2][3] Group 2: Copper Stockpiling and Market Dynamics - U.S. copper inventories have surged nearly 300% over the past year, reaching 590,000 short tons, the highest level in over 30 years [4] - The increase in stockpiles is driven by traders anticipating potential tariffs of 15%–25% on refined copper, leading to a domestic surplus amid tightening global supplies [4] - President Trump announced a $12 billion public-private critical mineral stockpile to enhance self-reliance and counter China's dominance, coinciding with a surge in copper prices [5] Group 3: Future Outlook and Market Predictions - Chamath Palihapitiya identified copper as the top trade of 2026, noting that AI data centers could require significant copper resources, while new mine production will take over 20 years to scale [6] - Goldman Sachs cautioned that the large U.S. copper stockpile may mask a structurally tight market, warning of potential price drops once tariff uncertainties are resolved [7]