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XXIX METAL CORP - QCCUF STOCK NEWS

Welcome to our dedicated page for XXIX METAL news (Ticker: QCCUF), a resource for investors and traders seeking the latest updates and insights on XXIX METAL stock.

QC Copper and Gold Inc. (QCCUF) is a Toronto-based company engaged in the exploration and development of mineral resource properties, with a focus on copper and gold. The company is currently conducting a drill program at the historic Cooke and Robitaille Mines, part of the Opemiska Copper Mine Complex. Leveraging its extensive land package and strategic positioning, QC Copper aims to define additional near-surface mineralization in these promising areas. With a comprehensive 2024 drill program planned, the company is committed to unlocking the full potential of its properties and delivering value to stakeholders.

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XXIX Metal Corp has announced its listing on the Frankfurt Stock Exchange (FSE) under the ticker symbol '5LW0'. The company, which is already listed on TSXV and OTCQB markets, expands its presence to Europe's largest trading center. The FSE, operated by Deutsche Borse AG, represents Germany's largest stock exchange. According to CEO Stephen Stewart, this listing will make XXIX more accessible to European investors interested in Canadian copper developers.

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XXIX Metal Corp has announced significant drill results from its 3-hole program at the Saddle Zone, located between the past-producing Springer and Perry mines at the Opemiska project. The highlight intersection includes 11 metres of 5.3% Cu and 1.20 g/t Au from 81 metres in hole OPM-24-281.

The Saddle Zone, currently part of Opemiska's conceptual open pit outlined in the January 2024 Mineral Resource Estimate, is relatively underexplored and features differently oriented veins compared to Springer and Perry. The recent drilling results support the company's new geological thesis, indicating potential for resource expansion.

The results suggest a structurally controlled, mineralized envelope within a north-west trending fault. This new interpretation represents potential upside to Opemiska's current resource model by potentially converting previously interpreted waste into ore. The company plans a larger drill program to further confirm the vein orientation in the Saddle Zone.

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XXIX Metal Corp has completed the acquisition of the remaining 50% ownership in the Roger Gold-Copper Project in Chibougamau, Quebec, achieving 100% ownership. The project spans 987 hectares and is located 5km from Chibougamau's historic mining center, with easy access and power infrastructure.

The Roger Project features a NI 43-101 compliant resource with Indicated Resources of 10.9M tonnes at 0.85 g/t gold (297,000 oz) and Inferred Resources of 6.57M tonnes at 0.75 g/t gold (159,000 oz). The acquisition terms include an initial payment of $75,000 and future share-based payments totaling $1.6M over four years. XXIX has also granted SOQUEM a 2% NSR, which can be repurchased in two 1% tranches for $1.5M and $3M respectively.

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XXIX Metal Corp (TSXV: XXIX, OTCQB: QCCUF) announced that effective December 11, 2024, its common shares will trade under the new ticker symbol 'XXIX' on the TSX Venture Exchange, changing from 'QCCU'. The ticker change reflects the company's rebranding following its acquisition of Cuprum Corp and its Thierry copper project in Pickle Lake, Ontario. The change includes new CUSIP (901320101) and ISIN (CA9013201012) numbers. No action is required from shareholders regarding this change.

CEO Stephen Stewart highlighted that with the acquisition and rebranding complete, XXIX aims to develop both Opemiska and Thierry projects, positioning the company as one of Eastern Canada's largest copper developers.

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XXIX Metal Corp (TSXV: QCCU) (OTCQB: QCCUF) has completed the acquisition of Cuprum Corp in an all-share transaction, establishing itself as one of Eastern Canada's largest copper resource developers. The deal includes Cuprum's 100% owned Thierry Copper Project, complementing XXIX's existing Opemiska project. The company issued 83,906,251 common shares at a price of $0.13 per share, with a 1.1538 exchange ratio for each Cuprum share.

As part of the transaction, the company has rebranded from QC Copper and Gold to XXIX Metal Corp, with trading under the new ticker symbol 'XXIX' set to commence on December 11, 2024. Following the acquisition, XXIX has 258,277,607 common shares outstanding.

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QC Copper and Gold (TSXV: QCCU) (OTCQB: QCCUF) announced that shareholders have overwhelmingly approved the acquisition of Cuprum Corp at a special meeting held on December 4, 2024. Over 99% of disinterested shareholders voted in favor of the acquisition resolution. The company also received approval for its restricted share unit plan and new stock option plan.

Following the completion of the acquisition, expected around December 5, 2024, the company will undergo a name change to XXIX Metal Corp and its ticker symbol will change to XXIX on the TSX Venture Exchange. The acquisition approval was carried out by ballot and excluded votes from non-arm's length parties to QC Copper or the Acquisition.

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QC Copper and Gold announces completion of a core resampling program at the Thierry Copper Project's K1 Zone. The program examined approximately 1,100 metres of historical core, including 690 samples across 34 historical drill holes from 2002-2023. The initiative targets previously unsampled areas containing low-grade and disseminated mineralization, which was overlooked by previous companies focused on K2 Zone's high-grade mineralization. The program costs approximately 6% of an equivalent $2.4M twinning program. Mineralization in K1 consists of disseminated pyrite and chalcopyrite, with some areas showing 1-5% pyrite and up to 1% chalcopyrite.

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QC Copper and Gold (QCCUF) announces significant progress in its acquisition of Cuprum Corp., with over 90% of Cuprum shareholders approving the merger. The deal, expected to close in early December 2024, will create one of Eastern Canada's largest copper developers. Cuprum shareholders will receive 1.1538 QC Copper shares for each Cuprum share. The merger awaits QC Copper shareholder approval at a Special Meeting on December 4, 2024. Post-merger, the company will rebrand as XXIX Metal Corp, implementing a dual-asset strategy focusing on the Opemiska Project and Thierry Project. The acquisition is expected to increase QC Copper's copper resource base by approximately 70%.

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CEO.CA, a leading investor social network for junior resource and venture stocks, has released new episodes of 'Inside the Boardroom' featuring interviews with mining executives. The series includes conversations with Stephen Stewart, CEO of QC Copper & Gold (QCCUF), and Drew Zimmerman of Stallion Uranium, discussing their companies' recent deals and exploration plans. CEO.CA, founded in 2012 and now a subsidiary of EarthLabs, serves millions of visitors annually as one of Canada's most popular financial websites, focusing on stocks, commodities, and emerging companies.

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QC Copper and Gold Inc. (TSXV: QCCU) (OTCQB: QCCUF) has signed a definitive agreement to acquire the remaining 50% ownership interest in the Roger Gold-Copper Project from SOQUEM, a subsidiary of Investissement Québec. The Roger Project, located in the Chibougamau mining district of Quebec, spans 987 hectares and is easily accessible via all-season road with access to power.

The project features an NI 43-101 compliant mineral resource estimate completed in August 2018, showing 333,000 ounces of gold-equivalent in the Indicated category and 202,000 ounces in the Inferred category. The acquisition provides QC Copper with optionality to incorporate Roger into future development plans of Opemiska or develop it as a standalone project.

To maintain and exercise the option, QC Copper will make an initial cash payment of $75,000 and subsequent share payments totaling $1.6 million over four years. The transaction is subject to TSX Venture Exchange acceptance and expected to close by the end of October, 2025.

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FAQ

What is the current stock price of XXIX METAL (QCCUF)?

The current stock price of XXIX METAL (QCCUF) is $0.082 as of January 8, 2025.

What is the market cap of XXIX METAL (QCCUF)?

The market cap of XXIX METAL (QCCUF) is approximately 22.2M.

What is QC Copper and Gold Inc. focused on?

QC Copper and Gold Inc. is focused on the exploration and development of mineral resources, with a particular interest in copper and gold.

Where is QC Copper and Gold Inc. conducting its current drill program?

The company is conducting a drill program at the historically significant Cooke and Robitaille Mines, part of the Opemiska Copper Mine Complex.

What is the primary objective of QC Copper's drill program?

The primary objective of the drill program is to assess preliminary targets and define additional near-surface mineralization in the Cooke and Robitaille Mines.

What is QC Copper's strategy for exploration and development?

QC Copper aims to leverage its knowledge of historic production and internal resource modeling to systematically drill promising zones, aiming to identify open pit material and maximize the value of its properties.

How does QC Copper plan to deliver value to stakeholders?

By pursuing strategic exploration and development initiatives, QC Copper is dedicated to realizing the full potential of its properties and providing regular updates on its progress and findings.
XXIX METAL CORP

OTC:QCCUF

QCCUF Rankings

QCCUF Stock Data

22.21M
119.69M
31.07%
0.17%
Copper
Basic Materials
United States of America
Toronto