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Highland Copper Engages Velocity Trade Capital for Market Making Services
Globenewswire· 2025-06-20 21:00
Group 1 - Highland Copper Company has engaged Velocity Trade Capital Ltd. to provide market making services to improve liquidity and reduce trading volatility of its shares [1][2] - The monthly fee for these market liquidity services is set at $6,000, with a termination clause allowing either party to end the contract with 30 days' notice after 60 days [2] - Velocity Trade is a registered independent investment dealer in Canada and is regulated by multiple international authorities, ensuring compliance and credibility [3][4] Group 2 - Highland Copper Company focuses on exploring and developing copper projects in Michigan, owning the Copperwood deposit and a 34% stake in the White Pine North project [5] - The company has 736,363,619 common shares issued and outstanding, listed on the TSX Venture Exchange under the symbol "HI" and on the OTCQB under "HDRSF" [5]
TDG Gold Announces Acquisition of Anyox Copper and C$25 Million Bought Deal Private Placement
Globenewswire· 2025-06-17 11:01
Core Viewpoint - TDG Gold Corp has entered into an amalgamation agreement with Anyox Copper Ltd to acquire the Anyox Copper project, enhancing its position in the mining sector of British Columbia [1][4] Transaction Details - The acquisition will be executed through a three-cornered amalgamation under the Business Corporations Act (British Columbia) [1] - The company has secured a bought deal private placement with BMO Capital Markets and Clarus Securities, raising C$25 million in gross proceeds to support the transaction [1][19] Strategic Positioning - The combination of Anyox Copper and TDG's existing projects provides exposure to precious metals and critical minerals in established mining districts [2] - Post-transaction, TDG will have over C$40 million in cash, enabling nearly year-round exploration activities [2] Management Changes - Paul Geddes, currently CEO of Anyox, will join TDG as Vice President of Corporate Development, focusing on operational excellence and growth [3][4] Exploration Plans - TDG's immediate priority is the Greater Shasta-Newberry project, with plans to resume exploration activities supported by the expanded treasury [5] - The Anyox project will allow for exploration at different times of the year, extending the exploration season across two mining districts [5] Board Changes - Michael Kosowan has been appointed as Chair of the Board, succeeding Stephen Quin, who will remain as a director [6] Share Consolidation - The company intends to seek shareholder approval for a five-for-one share consolidation to enhance its appeal to investors [7] Anyox Copper Project Overview - The Anyox project is located in British Columbia's 'Golden Triangle' and includes the historical Hidden Creek copper mine, which produced approximately 750 million pounds of copper from 1914 to 1935 [10][12] Financial Projections - The proceeds from the concurrent financing will be allocated to exploration activities, including C$8 million for the Greater Shasta-Newberry project and C$5 million for the Anyox project [23]
Gladiator Intersects 58.7m @ 1.94% Cu, Confirming Continuity of High-Grade Copper-Gold Mineralization at Cowley Park
Newsfile· 2025-06-17 11:00
Core Viewpoint - Gladiator Metals Corp. has reported significant assay results from its drilling programs at Cowley Park, indicating the presence of high-grade copper and molybdenum mineralization, with ongoing drilling aimed at resource definition and exploration potential [1][7][18]. Drilling Results - The recently completed Phase 1 drilling campaign included 23 diamond drill holes totaling 4,377 meters, while the ongoing Phase 2 program has 8 holes drilled for 1,443.23 meters [9][25]. - Notable results from drill hole CPG-078 include 58.7 meters at 1.94% Cu from 102.3 meters, with high-grade intervals such as 11.1 meters at 6.00% Cu [5][10]. - Drill hole CPG-077 returned 24.8 meters at 0.77% Cu from 30 meters, including 16.8 meters at 1.03% Cu [14][15]. Mineralization Continuity - Mineralization remains open along strike and at depth, with significant intercepts confirming continuity of high-grade copper and molybdenum mineralization over more than 250 meters of strike and 200 meters down dip [3][11]. - Ongoing drilling is focused on further step-out holes and testing the vertical extents of mineralization below current depths [7][12]. Exploration Strategy - The company plans a total of 29,000 meters of drilling targeting high-grade copper skarns throughout the Whitehorse Copper Belt by the end of Q4 2025 [16]. - The exploration strategy includes advancing Cowley Park to resource definition and exploring regional targets such as Arctic Chief and Best Chance [21][25]. Project Background - The Whitehorse Copper Project is an advanced-stage exploration project located in the Yukon Territory, known for its high-grade copper, molybdenum, silver, and gold skarn mineralization [18][19]. - Historical production from the area includes significant copper and gold output, with the project accessible via established infrastructure [19][22].
Koryx Copper Provides Project Development Update for the Haib Copper Project, Southern Namibia
GlobeNewswire News Room· 2025-06-17 11:00
Core Insights - Koryx Copper Inc. has made significant progress on its Haib Copper Project in Namibia, focusing on metallurgical testing and infrastructure development, with a Preliminary Economic Assessment (PEA) expected in Q3 2025 [2][3][4] Project Overview - The Haib Copper Project is an advanced-stage copper/molybdenum project aimed at producing clean copper concentrate through conventional methods, with potential for additional copper production via heap leaching [2][4][29] - The current mineral resource estimate stands at 414 million tonnes (Mt) at 0.35% copper, equating to 1,459 million tonnes of contained copper in the Indicated category, and 345 Mt at 0.33% copper for 1,136 million tonnes of contained copper in the Inferred category [29] Metallurgical Testing - The metallurgical test program has shown excellent results, achieving an average flotation recovery of 89% from a grind size of 120-150 micrometers, producing concentrates with a grade of 20-25% copper [8][18] - Historical test parameters have been effectively enhanced, leading to improved copper recovery and cost reduction [6][7] - The program includes ongoing pre-concentration and heap leach testing, with promising initial results [8][16] Infrastructure Development - The project is supported by a comprehensive infrastructure plan, including water and power supply studies indicating a demand of approximately 120 megawatts (MW) for milling and flotation, and 20 million cubic meters (Mm³) of water per annum [8][19] - A mining license application is in progress, and environmental permitting is advancing, with a comprehensive Environmental and Social Impact Assessment (ESIA) being developed [21][26] Technical Studies and Future Plans - Multiple world-class engineering consultants are involved in the PEA, which aims to demonstrate the techno-economic feasibility of Haib as a long-life, low-cost, large-scale open-pit mine [4][5] - The company plans to expedite its drilling program to enhance the mineral resource estimate and capture additional project value through an updated technical study in H1 2026 [5][32] Conclusion - Koryx Copper Inc. is positioning the Haib Copper Project as a future low-risk, high-potential copper production site, with extensive testing and studies underway to support its development [28][29]
高盛:铜成本曲线分析;前 20 大铜企综合边际成本约每磅 4.3 美元
Goldman Sachs· 2025-06-15 16:03
Investment Rating - The report rates the following companies as "Buy": BHP.AX, RIO, GLEN, LUN, FM, CMOC, MMG, Zijin, S32, and Vale [4][25][47] Core Insights - The all-in marginal cost for the top 20 copper producers is estimated at approximately US$4.3/lb for 2024, indicating a broad support for a long-run copper price of around US$4.6/lb [1][8] - The top 20 copper producers are projected to spend over US$30 billion in capital expenditures (capex) in 2024, with Codelco and Freeport leading with approximately US$4.5 billion each [2][25] - Copper demand is expected to rise by 4 million tonnes by 2030, necessitating higher prices to support growth in mine and scrap supply to prevent market deficits [3] Summary by Sections Cost Analysis - The report presents a global copper cash cost curve, with the marginal cash cost of production estimated at approximately US$3.1/lb, influenced by various factors including inflation and ore grade decline [16][24] - The five companies with the highest all-in costs for 2024 are KGHM, Capstone, Codelco, Ivanhoe, and Teck, with Codelco's Chuquicamata mine being the most costly at around US$5.9/lb [2][12] Production and Demand Forecast - Refined copper production is projected to increase from 26,015 thousand tonnes in 2023 to 27,061 thousand tonnes in 2024, while consumption is expected to rise from 25,954 thousand tonnes in 2023 to 26,712 thousand tonnes in 2024 [31] - The report indicates a potential market balance shift, with a forecasted surplus of 349 thousand tonnes in 2024, followed by a deficit of 120 thousand tonnes in 2026 [31] Company-Specific Insights - Codelco aims to recover production volumes to 1.7 million tonnes per annum over the next 4-5 years, with significant investments in modernization and expansion [27] - Freeport's Grasberg operations in Indonesia are highlighted for their industry-leading cash cost of negative ~US$0.3/lb, despite high capex spending [27] - BHP's Escondida mine is projected to see a decline in production due to grade decline, but growth is expected to accelerate post-2030 [28]
Marimaca Copper Announces Closing of Second Tranche of US$17.7 Million Non-Brokered Private Placement
Globenewswire· 2025-06-13 20:05
Not for distribution to U.S. newswire services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. securities law. VANCOUVER, British Columbia, June 13, 2025 (GLOBE NEWSWIRE) -- Marimaca Copper Corp. (“Marimaca” or the “Company”) (TSX: MARI) (ASX: MC2) is pleased to announce that it has closed the second tranche of its previously announced non-brokered private placement (the “Private Placement”) for aggregate gross proceeds of approximate ...
American Eagle Closes Private Placement by South32
Newsfile· 2025-06-12 13:08
Core Viewpoint - American Eagle Gold Corp. has successfully closed a private placement of 1,156,000 charity flow-through common shares, raising approximately C$820,000, which will be utilized for exploration at the NAK project in British Columbia [1][2]. Financial Summary - The proceeds from the offering increase the company's balance sheet to over $36 million [2]. - The charity flow-through shares were sold at a price of C$0.71 per share [1]. Project Development - The 2025 drill program commenced on May 25, with two drill holes completed and two more underway, focusing on expanding the gold-enriched zone in the southern part of the Main Zone [5]. - Preparations are being made to explore the copper-enriched northern part of the Main Zone, which previously showed significant mineralization [5]. - The company is leveraging data from a recent 3-Axis Gradient Magnetometer Survey to refine existing targets and identify new ones, potentially expanding the drill program [6]. Regulatory and Compliance - The offering is subject to final approval from the TSX Venture Exchange, with a hold period for the securities expiring on October 12, 2025 [3]. - The offering is classified as a "related party transaction" due to South32's existing shareholding, and the company has relied on exemptions from formal valuation and minority shareholder approval requirements [7]. Project Background - The NAK project is located in the Babine copper-gold porphyry district of British Columbia, with historical drilling revealing a large near-surface copper-gold system measuring over 1.5 km x 1.5 km [8]. - Recent drilling by American Eagle has indicated significant intervals of high-grade copper-gold mineralization, suggesting the presence of both near-surface and deeper mineralization zones [8]. Company Overview - American Eagle Gold Corp. is focused on advancing its NAK copper-gold porphyry project, supported by over $36 million in cash and strategic partnerships with Teck Resources and South32 [9].
Marimaca Copper Announces Closing of First Tranche of US$17.7 Million Non-Brokered Private Placement
Globenewswire· 2025-06-11 16:17
Not for distribution to U.S. newswire services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. securities law. VANCOUVER, British Columbia, June 11, 2025 (GLOBE NEWSWIRE) -- Marimaca Copper Corp. (“Marimaca” or the “Company”) (TSX: MARI) (ASX: MC2) is pleased to announce the closing of the first tranche of the previously announced non-brokered private placement (the “Private Placement”). Pursuant to the Private Placement, Assore Inte ...
Freeport-McMoRan(FCX) - 2025 FY - Earnings Call Transcript
2025-06-11 14:00
Financial Data and Key Metrics Changes - In 2024, Freeport achieved strong operational and financial results, with revenues and cash flows exceeding 2023 levels [2][12] - The company is focused on building shareholder value through various initiatives aimed at improving operational performance and future growth [2][12] Business Line Data and Key Metrics Changes - Freeport is committed to being a leading global copper company, with a focus on providing copper to a growing market driven by increased demand for electrification and renewable energy [12][13] - The company is advancing initiatives to leverage innovation, improve efficiencies, reduce costs, and enhance its brownfield growth pipeline for long-term growth [14][15] Market Data and Key Metrics Changes - Global demand for copper is expected to grow due to investments in power grids, renewable energy, technology, and transportation [12][13] - Macroeconomic factors such as fluctuations in the U.S. Dollar and trade uncertainties have led to price volatility in the copper market [13] Company Strategy and Development Direction - Freeport's strategic direction is focused on copper, with a commitment to delivering value to shareholders through operational excellence and long-term growth initiatives [15] - The company is enhancing its operational plans, managing costs, and capitalizing on organic growth opportunities [14][15] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the importance of copper in the global economy and the company's strong position to meet growing market demands [12][13] - The company is confident in its strategic direction and is focused on executing its plans to enhance productivity and profitability [14][15] Other Important Information - The meeting included voting on four key items, all of which were approved by stockholders, including the election of directors and the ratification of Ernst and Young as the independent auditor for 2025 [21][22][23] Q&A Session Summary Question: Were there any questions submitted during the meeting? - No questions were received from stockholders during the question and answer period [19]
Taseko Mines: Putting Another Catalyst On The Board
Seeking Alpha· 2025-06-11 10:40
Company Overview - Taseko Mines Limited is a small-cap copper producer based in British Columbia and Arizona [1] - The flagship asset is the Gibraltar mine located in British Columbia [1] - The near-term Florence Copper project in Arizona is expected to be a significant contributor to the company's growth [1] Investment Perspective - The company is positioned as an attractive investment opportunity due to its high optionality to the upside compared to relative downside risks [1] - The investment approach is grounded in value-based analysis while also considering special and short situations [1]