Latest Copper Projects News

Cobre Limited has secured $500,000 through a placement and is now launching a fully underwritten Loyalty Options Rights Issue to raise approximately AU$1.18 million, supporting its capital-light, catalyst-rich copper exploration strategy in Botswana.

New World Resources has successfully completed a placement of 32 million shares at $0.02 each to its board and senior management, following shareholder approval. This move subtly reshapes the company’s capital structure ahead of its copper and base metals projects in the US.

Megado Minerals has completed the acquisition of an 80% stake in the Iberian Copper Project, unlocking nearly 1,000 square kilometres of historic copper and silver mining territory in Spain. The company is accelerating exploration with geological mapping and airborne geophysics ahead of planned drilling later this year.

Norfolk Metals has cleared all hurdles to begin Stage 1 of its earn-in agreement for the Carmen Copper Project in Chile, committing $3 million over three years to secure a 70% stake. The company has also completed a key share issuance following shareholder approval.

Australian Critical Minerals has agreed to acquire Circuit Resources, gaining a substantial portfolio of gold, copper, silver, zinc, lead, and lithium projects in Peru, unlocking immediate drill-ready targets with significant exploration upside.

American West Metals has initiated its 2025 exploration campaign at the Storm Copper Project in Nunavut, targeting multiple high-priority zones with advanced drilling and geophysical surveys. The program aims to expand the project's substantial copper resources and refine its development potential.

True North Copper has identified multiple high-confidence Iron Oxide Copper-Gold drill targets at its Salebury Mineral System in Queensland, signalling potential resource growth in a world-class copper province.

Marimaca Copper has successfully closed the first tranche of a C$24.4 million private placement, backing its flagship Chilean copper project. The funding round includes significant participation from related parties, setting the stage for accelerated exploration and development.

Asara Resources has received a significant cash payment from Teck Resources Chile following the resolution of a legal dispute, marking a key milestone in their joint venture for the Loreto Copper Project.

OD6 Metals has secured a second regulatory approval to extend its Phase 2 drilling at the historic Gulf Creek Copper Project, targeting promising repeat mineral structures and deepening exploration near recent high-grade intercepts.

Caravel Minerals has locked in a $15 million loan facility to fund the critical Definitive Feasibility Study for its flagship Caravel Copper Project, advancing the path to development without diluting shareholder equity.

Diablo Resources has obtained crucial Bureau of Land Management approvals for drilling at its Phoenix Copper Project in Utah, setting the stage for a maiden drill campaign targeting promising copper prospects.