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.
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.
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
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.
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.