XXIX Metal Corp, formerly QC Copper and Gold Inc. (TSX-V:QCCU, OTCQB:QCCUF), announced on Monday that it has completed the acquisition of Cuprum Corp and its copper assets. The deal gives XXIX control over two multi-billion-pound copper deposits in Quebec and Ontario.
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Ibero Mining Corp (TSX-V:IMC) has confirmed significant depth extensions of copper mineralization at its Miguel Vacas project in Portugal. The latest drill results from a deep undercut hole revealed 19.9 meters (m) grading 0.89% copper (Cu), including high-grade intervals of 5m grading 1.35% Cu and 6.2m grading 1.11% Cu.
QC Copper and Gold Inc. (TSX-V:QCCU, OTCQB:QCCUF) announced the completion of a drill core resampling program at the K1 Zone at the Thierry copper project in Pickle Lake, Ontario. The drill core resampling program focused on resampling core from 34 historical drill holes, dating from 2002 to 2023, that were previously never sampled due to an unidentified style of mineralization.
Phil Streible, Blue Line Futures chief market strategist, joins CNBC's 'Power Lunch' to discuss how to trade metals in post-election markets.
QC Copper and Gold Inc. (TSX-V:QCCU, OTCQB:QCCUF) announced it has secured the support of over 90% of Cuprum shareholders for its proposed merger. The transaction is expected to close in early December 2024, positioning QC Copper as one of Eastern Canada's largest copper developers.
TNR Gold Corp (TSX-V:TNR, OTC:TRRXF) reported that McEwen Mining, operator of the Los Azules copper, gold, and silver project in San Juan, Argentina, has provided a significant update on the project's progress. TNR Gold holds a 0.4% net smelter returns royalty on the Los Azules project, which is being advanced by McEwen Copper Inc., a subsidiary of McEwen Mining.
Castillo Copper Ltd (ASX:CCZ, LSE:CCZ) has acquired an 85% stake in the Harts Range Project, expanding its exploration footprint in Northern Territory, Australia. Located 120 kilometres northeast of Alice Springs, the project targets niobium, uranium, and rare earth minerals.
Buying copper on price corrections has been rewarding for nearly 25 years, and this trend is expected to continue in 2025. Falling U.S. rates, climate change initiatives, and China's economic stimulus support higher copper prices in the coming years. United States Copper Index Fund, LP ETF offers a way to invest in copper without venturing into leveraged futures, closely following copper's price movements.
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Investors are disappointed China hasn't announced more stimulus, and companies exposed to China—including Freeport-McMoRan and Southern Copper—are lower.
Sentiment is becoming more bullish on copper with equities outpacing the copper price, similar to earlier this year say analysts at RBC. Speculative long copper positioning is also ramping up in line with the rebound in sentiment, added the Canadian bank.