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Gunnison Copper Announces Distribution of Greenstone Shares
TMX Newsfile· 2026-02-05 11:30
Core Viewpoint - Gunnison Copper Corp. is conducting an offering of up to 143,208,937 common shares currently owned by Greenstone Resources II LP and its affiliates, with completion expected by February 17, 2026 [1][2][4]. Group 1: Offering Details - The Greenstone Group has appointed Paradigm Capital Inc. to act as an agent for the offering on a "best efforts" basis [1]. - Completion of the offering is contingent upon the execution of share purchase agreements between the Greenstone Group and the purchasers [2]. - Following the offering, the Greenstone Group will no longer hold any common shares of Gunnison, resulting in a decrease of 33.88% in ownership [4]. Group 2: Company Background - Gunnison Copper Corp. is a multi-asset pure-play copper developer and producer, controlling the Cochise Mining District in Southern Arizona, which contains 12 known deposits [5]. - 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% [6]. - The preliminary economic assessment (PEA) for the Gunnison Copper Project indicates a net present value (NPV) of $1.3 billion, an internal rate of return (IRR) of 20.9%, and a payback period of 4.1 years [6]. Group 3: Additional Assets - The Johnson Camp Asset, now in production, is fully funded by Nuton LLC, with a production capacity of up to 25 million pounds of finished copper cathode annually [8]. - Other significant deposits in the district, such as Strong and Harris, South Star, and eight others, have the potential to serve as economic satellite feeder deposits for the Gunnison Project infrastructure [8].
Lion Copper and Gold Corp. Receives US$30.5 Million from Nuton to Advance Yerington Copper Project
TMX Newsfile· 2026-01-26 17:50
Core Viewpoint - Lion Copper and Gold Corp. has secured a US$30.5 million investment from Nuton LLC, a subsidiary of Rio Tinto, to advance the Yerington Copper Project in Nevada, marking a significant milestone for the company [1][3]. Funding and Project Advancement - The funding is part of Stage 3 of the earn-in agreement and will be allocated towards the Definitive Feasibility Study (DFS) and related permitting activities, including technical optimization and environmental studies [2][5]. - This investment allows the company to progress the DFS and permitting work without significant dilution and execution risk for shareholders [3]. Strategic Importance of the Project - The Yerington Copper Project is located in a Tier-1 U.S. jurisdiction and is seen as crucial for increasing domestic copper cathode production, which is essential due to rising demand from sectors like electrification and electric vehicles [3][4]. - The project aims to qualify under the U.S. federal FAST-41 permitting framework, enhancing transparency and predictability in the permitting process for critical mineral projects [4]. Technological Advancements - The Nuton® Technology will be further refined during the DFS work program, aiming to improve copper recoveries and reduce capital intensity and environmental impact compared to conventional methods [5][7]. - Nuton focuses on producing low-footprint copper while ensuring positive impacts across various environmental and societal pillars [8]. Company Overview - Lion Copper and Gold Corp. is a junior mining company advancing its projects in Nevada through an earn-in agreement with Nuton, emphasizing modern processing technologies to accelerate production [6].
Gunnison Copper Enters into Collaboration Framework Agreement with Lunasonde to Perform Initial Survey for Critical Minerals in Arizona's Cochise Mining District
TMX Newsfile· 2025-12-19 11:30
Core Viewpoint - Gunnison Copper Corp. has entered into a Collaboration Framework Agreement with Lunasonde Inc. to utilize advanced remote sensing technology for mineral exploration in the Cochise Mining District, Arizona [1][2][3] Collaboration Agreement - Lunasonde will conduct a high-resolution subsurface survey over a portion of Gunnison's mineral property using its Airborne Georadiotomography (aGRT) technology [2] - The survey will include test flights and data analysis to create three-dimensional imaging of subsurface anomalies that may contain critical minerals [2][5] - The collaboration aims to enhance exploration and targeting efficiency across Gunnison's land position, which includes multiple known copper deposits [3] Company Strategy - The partnership reflects Gunnison's commitment to innovation and data-driven decision-making to improve geological understanding and long-term value creation [4] - The technology from Lunasonde is expected to complement traditional exploration methods, providing a non-invasive data acquisition approach [5] Financial Update - Gunnison has received a third conversion notice from Nebari Natural Resources Credit Fund for US$500,000, resulting in the issuance of 2,384,358 common shares [6][7] - The conversion will reduce the principal amount of the Second Amended and Restated Credit Agreement, potentially allowing for full repayment using proceeds from the sale of 48C tax credits [6] Company Overview - Gunnison Copper Corp. is a multi-asset copper developer and producer, controlling the Cochise Mining District with 12 known deposits within an 8 km radius [8] - The flagship Gunnison Copper Project has a Measured and Indicated Mineral Resource of over 831.6 million tons with a total copper grade of 0.31% and a preliminary economic assessment indicating an NPV of $1.3 billion and an IRR of 20.9% [9]
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
Core Insights - Lion Copper and Gold Corp. has secured a US$31 million investment from Nuton LLC to advance the Yerington Copper Project, which is aimed at enhancing domestic copper cathode production and supporting the critical mineral supply chain [2][3]. Funding and Project Development - Nuton will provide funding to progress a Definitive Feasibility Study (DFS), mine permitting, and associated work programs at the Yerington Copper Project [3]. - To date, Nuton has invested approximately US$28 million in resource definition drilling, environmental studies, and preliminary assessments, which have been part of earlier project stages [4]. Strategic Importance - The advancement to Stage 3 is seen as a pivotal milestone for the Yerington Copper Project, reflecting confidence in its potential as a significant domestic copper supplier [5]. - The collaboration aims to meet rising copper demand with innovative and low-impact solutions, leveraging Nuton's proprietary bio-heap-leach technology [5][9]. Next Steps - During Stage 3, the parties will focus on completing the DFS, submitting final permitting applications, and conducting detailed engineering and cost estimation [6][13]. - Lion CG plans to provide updates on key milestones related to feasibility, permitting, and potential commercial agreements as the project progresses [7].
Lion Copper and Gold Corp. Announces Filing of PFS Technical Report for Its Yerington Copper Project in Nevada
Newsfile· 2025-09-18 22:32
Core Insights - Lion Copper and Gold Corp. has filed an independent Pre-Feasibility Study (PFS) for its Yerington Copper Project, confirming its potential as a significant refined copper cathode producer in the U.S. [1] - The PFS was prepared by Samuel Engineering Inc. and funded by Nuton LLC, a strategic partner and Rio Tinto venture [1][5]. Company Overview - Lion Copper and Gold Corp. is advancing its Yerington Copper Project through an Option to Earn-in Agreement with Nuton LLC [5]. - Nuton LLC focuses on innovative copper leaching technologies aimed at increasing domestic production of critical minerals [5][6]. Technical Details - The PFS Technical Report is compliant with National Instrument 43-101 standards, ensuring the credibility of the technical information [1][10]. - The report is available on the company's website and SEDAR [3]. Environmental and Operational Aspects - Nuton aims to produce copper with a minimal environmental footprint while ensuring positive impacts across five pillars: water, energy, land, materials, and society [6][7]. - The technologies employed by Nuton are designed to reduce energy and water needs compared to conventional methods, enhancing the efficiency of copper production [6].
Gunnison Copper Announces First Copper Production from Johnson Camp Mine
Newsfile· 2025-09-03 10:30
Core Viewpoint - Gunnison Copper Corp. has successfully commenced its first production of pure copper cathode from the Johnson Camp Mine ahead of schedule, marking its establishment as the newest American copper producer [1][2][3]. Group 1: Production Milestone - The first copper production from the Johnson Camp Mine began in the last week of August 2025, following the successful start-up of the solvent extraction and electrowinning circuit [2]. - The production milestone was achieved ahead of schedule, allowing for the sale of domestically produced copper [2][4]. Group 2: Strategic Partnerships - Nuton LLC, a venture of Rio Tinto, is a key strategic partner, providing critical support and proprietary leaching technologies to enhance copper recovery at the Johnson Camp Mine [3][4]. - The partnership has been fully funded, with Gunnison receiving US$13.9 million in 48C tax credits from the Department of Energy [4]. Group 3: Safety and Environmental Commitment - The commissioning of the copper production circuit was completed without any incidents, highlighting the company's commitment to health and safety [4]. - Nuton aims to produce copper with a minimal environmental footprint, focusing on sustainable practices and resource utilization [22][23]. Group 4: Future Growth and Capacity - The Johnson Camp Mine is projected to ramp up production to a capacity of 25 million pounds of finished copper cathode annually [4][19]. - The company controls multiple deposits within the Cochise Mining District, which may serve as economic satellite feeder deposits for future infrastructure [19].
Gunnison Copper Announces Johnson Camp SX Plant Start-Up with First Copper Sales in September
Newsfile· 2025-08-11 10:30
Core Insights - Gunnison Copper Corp. has successfully started the solvent extraction (SX) plant and electrowinning (EW) circuit at the Johnson Camp Mine, with first copper sales anticipated in September 2025 [1][2] Company Progress - The startup of the SX-EW plant was completed ahead of schedule, marking a significant milestone towards achieving copper cathode sales [2] - Construction activities at the Johnson Camp Mine, funded by Nuton LLC (a Rio Tinto venture), are progressing as planned, with the final phase of the leach pad construction on schedule [2] - The on-pad crushing circuit has been installed and is undergoing commissioning, while the agglomerator and processing equipment are also being finalized [2] Production Capacity - The Johnson Camp Asset is expected to produce up to 25 million pounds of finished copper cathode annually, with first production slated for Q3 2025 [13] Resource and Economic Assessment - 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%, and a preliminary economic assessment (PEA) indicates a net present value (NPV) of $1.3 billion and an internal rate of return (IRR) of 20.9% [11][12] Environmental and Technological Aspects - Nuton’s innovative leaching technologies aim to enhance copper recovery rates and support domestic production, contributing to a more sustainable mining operation with lower energy and water requirements [15][16]
Lion Copper and Gold Announces Pre-Feasibility Study Results for Brownfield Yerington Copper Project and Maiden Mineral Reserve
Newsfile· 2025-08-05 12:30
Core Insights - Lion Copper and Gold Corp. has completed a Pre-Feasibility Study (PFS) for its Yerington Copper Project, indicating its potential as a significant refined copper cathode producer in the U.S. [1][4] - The project is expected to produce an average of 120 million pounds of refined copper annually over a 12-year mine life, with a peak production of 151 million pounds in years 5-7 [4][6]. - The PFS demonstrates a post-tax NPV of $694 million and an IRR of 14.6% based on a base case copper price of $4.30 per pound [1][7]. Project Overview - The Yerington Copper Project integrates the Yerington and MacArthur deposits, benefiting from excellent infrastructure and secured water rights [13][16]. - The project plans to utilize a heap leach operation with solvent extraction-electrowinning (SX/EW) technology, enhancing copper recovery rates [16][44]. - The project is strategically located approximately 70 miles from Reno, Nevada, and is expected to create around 400 direct jobs during construction and up to 250 permanent jobs during operations [15][13]. Economic Highlights - The initial capital expenditure is estimated at $724 million, with a sustaining capital of $1,008 million over the life of the mine [20][22]. - The average cash cost is projected at $1.92 per pound of copper, with all-in sustaining costs (AISC) at $2.67 per pound [11][18]. - The project has a base case NPV-to-initial capital ratio of 0.96, indicating a strong economic viability [7]. Resource and Reserve Estimates - Proven and probable reserves are estimated at 506.5 million tons at a grade of 0.21% CuT, containing approximately 2.14 billion pounds of copper [6][24]. - Additional measured and indicated resources total 293.3 million tons at 0.18% CuT, containing 989 million pounds of copper, along with inferred resources of 158.1 million tons at 0.14% CuT, containing 443.4 million pounds of copper [6][28]. Environmental and Community Impact - The project aims to utilize previously disturbed land for mine infrastructure, ensuring zero discharge of water from processing operations and lower carbon intensity [14][16]. - The project is positioned to contribute significantly to the local economy and foster growth in the Mason Valley through partnerships with local stakeholders [14][16]. Future Opportunities - The Yerington Copper Project covers a strategic land package that includes the Bear Deposit and other underexplored targets, creating potential for future consolidation with adjacent copper projects [51][53]. - The project is expected to play a crucial role in strengthening North America's critical minerals supply chain amid rising domestic demand [4][60].
Regulus Reports Attractive Copper Extraction Rates Using Nuton Bio-Leaching and Provides Update on Integrated Sulphide Project Resource Estimate
Globenewswire· 2025-05-20 11:00
Core Viewpoint - Regulus Resources Inc. is advancing its Phase Two metallurgical test program with Nuton LLC, focusing on bio-leaching technologies for the AntaKori copper-gold project, while also progressing on an integrated resource estimate with Compañía Minera Coimolache S.A. for the Integrated Sulphide Project [1][4]. Nuton Phase Two Program - The Phase One program confirmed that AntaKori material is suitable for Nuton's proprietary sulphide bio-leaching technology [2]. - The Phase Two program is evaluating various conditions for optimal leaching of enargite-rich high-sulphidation mineralization, with the highest copper extraction achieved so far being 88.3% [3]. - Additional columns have been initiated to further refine the optimal conditions for leaching [3]. Integrated Sulphide Project - Regulus and Coimolache are collaboratively developing an integrated geological model for the Integrated Sulphide Project, which is a prerequisite for the resource estimate [4]. - SRK Peru has been contracted to complete the resource estimate, expected to be finalized by mid-year [4]. Company Insights - The CEO of Regulus expressed optimism regarding the results from the Phase Two program, highlighting the potential of Nuton's bio-leaching technology for both high-sulphidation and porphyry mineralization [5]. - The AntaKori project currently hosts indicated mineral resources of 250 million tonnes at a grade of 0.48% Cu, 0.29 g/t Au, and 7.5 g/t Ag, and inferred mineral resources of 267 million tonnes at a grade of 0.41% Cu, 0.26 g/t Au, and 7.8 g/t Ag [7].