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Lion Copper and Gold Corp. Secures US$31M Milestone Funding to Advance Feasibility Study and Mine Permitting for the Yerington Copper Project
Newsfile· 2025-11-24 22:03
Lion Copper and Gold Corp. Secures US$31M Milestone Funding to Advance Feasibility Study and Mine Permitting for the Yerington Copper ProjectThis investment by Nuton accelerates the path toward domestic copper cathode production supporting the domestic critical mineral copper supply chain.November 24, 2025 5:03 PM EST | Source: Lion Copper and Gold Corp.Vancouver, British Columbia--(Newsfile Corp. - November 24, 2025) - Lion Copper and Gold Corp. (CSE: LEO) (OTCQB: LCGMF) ("Lion CG" or the "Co ...
Cyprium Metals cleared to restart Nifty Copper - ICYMI
Proactiveinvestors NA· 2025-11-21 07:22
Core Viewpoint - Cyprium Metals Ltd has received final approval to restart the Nifty Copper Project in Western Australia, marking a significant step towards resuming copper cathode production [1][6]. Group 1: Project Restart and Development - The project will proceed into the first phase of development, consistent with a phased strategy to gradually increase production capacity [2]. - The initial restart will involve 30 to 35 staff per shift, creating over 70 permanent and 80 construction jobs [2][7]. - The restart is part of a broader plan that includes open pit development, additional oxide resource exploration, and refurbishment of the concentrator, with a long-term goal of producing 45,000 tonnes of copper per year [3][8]. Group 2: Financial Aspects - Cyprium Metals executed a binding term sheet with Nebari to refinance its existing USD 27.30 million senior secured loan facility, following an AUD 80.00 million equity raise [3][9]. - The new facility will provide added financial flexibility during the construction phase, allowing the company to maintain liquidity [4][10].
Ecora Resources PLC Announces Nifty Copper Project Update
Accessnewswire· 2025-11-20 11:20
Group 1 - Ecora, a critical minerals focused royalty company, holds a 1.5% Realised Value Royalty on the Nifty Project [1] - Cyprium Metals Limited has announced the approval of the Cathode Project restart plan, with first copper cathode production expected in mid-2026 [1] - The Nifty Project is located in the Paterson region of Western Australia and is focused on the phased restart of the Nifty Copper Complex [1]
Gunnison Copper Announces Closing of Second and Final Tranche of Private Placement
Newsfile· 2025-10-31 21:00
Core Viewpoint - Gunnison Copper Corp. has successfully closed the second and final tranche of its non-brokered private placement, raising gross proceeds of C$150,000.30 from the issuance of 333,334 Units to a single institutional investor [1]. Group 1: Private Placement Details - The Units were issued at a price of C$0.45 each, consisting of one common share and one-half of a common share purchase warrant [1]. - Each Warrant allows the holder to purchase one Common Share at a price of C$0.65 until October 31, 2028 [1]. - The total gross proceeds raised under the Offering amount to approximately C$13.3 million [1]. Group 2: Company Overview - Gunnison Copper Corp. is a multi-asset pure-play copper developer and producer, controlling the Cochise Mining District in Southern Arizona [3]. - The flagship asset, the Gunnison Copper Project, has a Measured and Indicated Mineral Resource of over 831.6 million tons with a total copper grade of 0.31% [4]. - The preliminary economic assessment (PEA) for the Gunnison Copper Project indicates a net present value (NPV) of $1.3 billion and an internal rate of return (IRR) of 20.9% with a payback period of 4.1 years [4]. Group 3: Production Capacity and Assets - The Johnson Camp Asset, now in production, is fully funded by Nuton LLC, a Rio Tinto Venture, with a production capacity of up to 25 million lbs of finished copper cathode annually [6]. - Other significant deposits controlled by Gunnison in the district include Strong and Harris, South Star, and eight additional deposits, which have the potential to serve as economic satellite feeder deposits for the Gunnison Project infrastructure [6].
Gunnison Copper Announces Closing of Private Placement for Gross Proceeds of C$13.1 Million
Newsfile· 2025-10-30 21:30
Core Viewpoint - Gunnison Copper Corp. has successfully closed a non-brokered private placement financing, raising gross proceeds of C$13.1 million through the issuance of 29,138,378 Units, which will be utilized for various project-related activities and general working capital [1][3]. Financing Details - The financing consists of two components: a LIFE offering of 24,858,878 Units raising C$11,186,495.10 and a Hold offering of 4,279,500 Units raising C$1,925,775 [1][3]. - Each Unit is priced at C$0.45 and includes one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at C$0.65 for 36 months [2]. Use of Proceeds - Net proceeds from the Offering will be allocated to drilling, metallurgical testing, permitting activities for a pre-feasibility study, general administrative expenses, partial debt repayment to Nebari, and general working capital [3]. Offering Structure - The LIFE Offering Units were sold under the listed issuer financing exemption, allowing immediate tradeability under Canadian securities legislation [4]. - The Hold Offering Units are subject to a four-month hold period in Canada, expiring on March 1, 2026 [5]. Finder's Fees - Red Cloud Securities Inc. and other finders received a cash commission of 6% on the gross proceeds and were issued non-transferable finder warrants equal to 6% of the Units sold [6]. Company Overview - Gunnison Copper Corp. is a copper developer and producer controlling the Cochise Mining District in Southern Arizona, with its flagship Gunnison Copper Project having a Measured and Indicated Mineral Resource of over 831.6 million tons at a total copper grade of 0.31% [10][11]. - The project has a preliminary economic assessment indicating an NPV8% of $1.3 billion, an IRR of 20.9%, and a payback period of 4.1 years [11].
Cyprium Metals strengthens board as Nifty Copper project progresses - ICYMI
Proactiveinvestors NA· 2025-10-24 03:18
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]
Gunnison Copper Reports Positive Results from Limestone Evaluation to Add New By-Product Revenue at the Gunnison Project in Southeast Arizona
Newsfile· 2025-10-23 20:30
Gunnison Copper Reports Positive Results from Limestone Evaluation to Add New By-Product Revenue at the Gunnison Project in Southeast Arizona96% of Analyzed Limestone Meets Industrial Specifications for Several Saleable Products, Unlocking Value for Updated PEA Expected in Q1 2026October 23, 2025 4:30 PM EDT | Source: Gunnison Copper Corp.Phoenix, Arizona--(Newsfile Corp. - October 23, 2025) - Gunnison Copper Corp. (TSX: GCU) (OTCQB: GCUMF) (FSE: 3XS0) ("Gunnison" or the "Company") is pleased ...
TNR Gold: Los Azules feasibility study validates copper upside – ICYMI
Proactiveinvestors NA· 2025-10-17 18:02
Core Insights - TNR Gold Corp's Los Azules copper project has been confirmed as a low-cost, long-life, and high-purity copper cathode producer following a feasibility study by McEwen Copper [1][3][4] Project Overview - Initial production is projected at over 200,000 tonnes annually in the first five years, followed by an average of 148,000 tonnes per year over a 21-year mine life [1][4] - The cash cost is estimated at $1.71 per pound, with an all-in sustaining cost of $2.11 per pound, based on a copper price of $4.25 per pound [4] Mineral Resources - Proven and probable reserves are estimated at 10.2 billion pounds of copper, with measured and indicated resources at 5.4 billion pounds, and an additional 20 billion pounds in the third category [6] Environmental Considerations - The project is designed for low environmental impact, using approximately 70% less water than typical copper projects and utilizing renewable energy for copper production [7] Financing and Partnerships - The project has been accepted into Argentina's large investment incentive program, which offers significant tax reductions and smoother transition of goods [9] - YPF, a major Argentine power producer, is investing over $400 million to build a renewable energy line for the project, which is not included in the mine construction budget [10] - Commitments of up to $1.1 billion from economic export agencies in Europe and equipment suppliers could cover up to 80% of mechanical costs [10] Valuation and Market Activity - The potential valuation of TNR Gold's royalty at Los Azules is estimated at $30 million, with recent increases in target price from $0.28 to $0.50 by Fundamental Research Corporation [12][13] - Potential royalty revenue could reach up to $10 million, with estimated cash flow valuations exceeding $30 million from the project [14]
Cyprium Metals moves towards restarting Nifty Project
Proactiveinvestors NA· 2025-10-17 16:05
Core Viewpoint - Cyprium Metals Ltd is seeking shareholder approval to appoint Jim Simpson and Amber Banfield as non-executive directors to support the phased restart of the Nifty Copper Complex in Western Australia [1][2] Group 1: Board Appointments - The company will hold a shareholder meeting in late November to approve the appointments of Jim Simpson and Amber Banfield as non-executive directors [1] - Current non-executive director Ross Bhappu will retire at the conclusion of the meeting after serving for two years [1][3] Group 2: Strategic Alignment - Executive chair Matt Fifield stated that the proposed appointments align the board's skills with the company's next phase of development, particularly after a recent capital raise and work programs aimed at initial cathode production at Nifty [2] - Jim Simpson is noted for his extensive copper experience, while Amber Banfield is recognized for her strengths in governance, sustainability, and stakeholder communication [2]
Taseko Announces Start of Wellfield Operations at Florence Copper and Third Quarter Gibraltar Operational Results
Globenewswire· 2025-10-15 11:00
Core Viewpoint - Taseko Mines Limited has made significant progress at its Florence Copper project, with the commencement of wellfield operations marking the start of commercial production, while also reporting strong operational results from its Gibraltar Mine in the third quarter of 2025 [1][2][4]. Florence Copper Project - Final regulatory approvals have been received, and wellfield operations are now starting, indicating the beginning of the commercial production facility [2]. - The SX/EW plant area has achieved substantial completion, with commissioning scheduled to run alongside wellfield operations, and first copper cathode production expected in approximately three months [3]. Gibraltar Mine Operations - In the third quarter, Gibraltar Mine produced 27.6 million pounds of copper, including 900 thousand pounds of copper cathode, and 560 thousand pounds of molybdenum, reflecting increases of 39% and 211% respectively compared to the previous quarter [4]. - Mill throughput reached the design capacity of 85,300 tons per day, with copper recoveries averaging 77% for the third quarter and 83% for September [4]. - Copper head grades were reported at 0.22%, showing improvement over the previous two quarters, although still behind plan [4]. Future Outlook - Mining at Gibraltar is advancing deeper into the Connector pit, with expectations of further production increases in the fourth quarter, although the production shortfall from recent months will not be fully recovered [5]. - Annual copper production for 2025 is projected to be between 100 to 105 million pounds [5]. - With rising copper prices and a focus on critical mineral supply security, the timing is favorable for Taseko to introduce a new source of refined copper in the U.S. [5].