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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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QC Copper announced a strategic acquisition of Cuprum Corp. and its 100% owned Thierry Copper Project in an all-share deal. This acquisition enhances QC Copper's position as a major Canadian copper developer with two large, easily accessible multi-billion-pound copper projects. The Thierry Copper Project, spanning 7,907 hectares, offers significant growth potential. The combined company will rebrand as XXIX Metal Corp., reflecting copper's atomic number 29. The Thierry project historically produced 5.8 million tonnes grading 1.13% copper and 0.14% nickel and hosts two resource-stage deposits compliant with NI 43-101 standards. The acquisition is expected to increase QC Copper's current copper resource base by 70%. Once completed, QC Copper plans to build out each asset in stages, focusing on updating the mineral resource at Thierry. The acquisition is subject to approval from TSXV and QC Copper's disinterested shareholders, with closing expected by the end of December 2024.

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The City of Chapais and QC Copper & Gold (TSXV: QCCU) (OTCQB: QCCUF) have established a City/Mine Group (CMG) to ensure the exploration and development of the Opémiska project align with local values and expectations. This working group facilitates transparent discussions between company representatives and city leadership, aiming for a harmonious approach that benefits both the project and the community.

Key points:

  • CMG meetings are facilitated by Transfert Environnement et Société
  • Chapais welcomes mining projects but has high expectations for respect of municipal values
  • QC Copper & Gold commits to local procurement to boost the regional economy
  • The Opémiska project is preparing its preliminary economic study
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QC Copper has provided a corporate and technical update for its Opemiska Copper Project. The company is conducting a scoping study as part of preliminary economic assessments, focusing on optimizing mine plans and production rates to enhance the project's economics. A diamond drill program is prepared within the MRE pit area, aimed at defining additional resources.

Historical data compilation at Cooke & Robitaille mines is nearly complete, with the goal of understanding mineralization and identifying high-potential drill targets. QC Copper has also received significant interest from potential strategic partners and will host site visits in Summer/Fall 2024. The company continues to explore growth opportunities to establish itself as a leading copper exploration firm in Canada.

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The Mining Investment Event of the North, Canada’s premier Tier 1 Global Mining Investment Conference, will be held in Quebec City from June 4-6, 2024. Kinterra Capital Corp. will participate as the Battery and Critical Metals Sponsor. The event will feature over 100 mining companies, including high-profile participants like Agnico Eagle Mines and Glencore Canada. Key sponsors include Laurentian Bank Securities and National Bank Financial Markets. The conference aims to address sustainable and geopolitically secure supply chain solutions for critical minerals, highlighted by Kinterra's focus on 'mine to battery' solutions.

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QC Copper and Gold Inc. announces positive drill results from the Cooke and Robitaille mines trend, showing high-grade mineralization and potential for resource growth. The company plans future exploration to add mineral resources to the Opemiska Project.
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QC Copper and Gold Inc. appoints Guy Le Bel as President to lead the company's transition towards developing Opemiska's engineering and economic studies. The company also announces the grant of stock options to certain officers.
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QC Copper and Gold Inc. announces an updated Technical Report for the Opemiska Deposit, showcasing significant increases in Mineral Resources, grade, and contained metals. The report highlights a Measured and Indicated category of 2.09 billion lbs of copper equivalent, a 26% increase in Copper total grade, and a sizable potential starter pit. Favorable metallurgy and expansion potential further enhance the project's outlook.
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QC Copper completes successful initial drill program with significant widths of mineralization, targeting open pit potential.
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QC Copper and Gold Inc. (TSXV: QCCU) has received Windfall Geotech's final report on its Artificial Intelligence (AI) analysis for Opemiska, identifying five top-priority drill targets for 2024 exploration. The AI software leverages substantial historical drilling, geophysics, and sampling data from QC Copper's ~25,000-hectare land, enabling it to pinpoint drill-worthy targets effectively. The AI assessment has generated multiple AI target models across the Opemiska property, emphasizing Robitaille and Cooke. The Chibougamau Copper showing and a north-northeast trending magnetic anomaly are among the target areas identified for detailed exploration and drilling.
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QC Copper and Gold Inc. announces the commencement of a new drill program on the historically significant Cooke and Robitaille Mines, integral components of Falconbridge's Opemiska Copper Mine Complex. The primary objective of this drill program is to assess preliminary targets while QC Copper finalizes planning and permitting for its comprehensive 2024 drill program. By leveraging the Company's knowledge of historic production from the mine and employing internal resource modeling, the aim is to systematically drill Cooke and Robitaille to identify additional open pit material within these zones.
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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