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Bullboard - Stock Discussion Forum Gunnison Copper Corp T.GCU

Alternate Symbol(s):  GCUMF

Gunnison Copper Corp., formerly Excelsior Mining Corp., is a copper development company. The Company operates in Cochise County, Arizona, and is focused on delivering pure copper cathode into the United States domestic supply chain. The Company’s projects include Gunnison Copper Project, the Johnson Camp Mine, and a portfolio of exploration projects, including the Peabody Sill and the Strong... see more

TSX:GCU - Post Discussion

Gunnison Copper Corp > Herd on the Terrace
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Post by rubberworm on Feb 03, 2023 6:24am

Herd on the Terrace

Herd on the Terrace: Chris Ellison’s Mineral Resources eyeing Ken Brinsden lithium play Patriot Battery Metals Fri, 3 February 2023 4:13PM Mineral Resources chief executive Chris Ellison talking at Mineral Resources Park. Mineral Resources chief executive Chris Ellison talking at Mineral Resources Park. Credit: Ian Munro/The West Australian Word is that Chris Ellison is loading up his lithium gravy train. The Bull has it on good authority the mining billionaire’s Mineral Resources has been buying shares in Canadian lithium explorer Patriot Battery Metals, now chaired by former Pilbara Minerals boss Ken Brinsden. And who could blame him? Patriot last month put out spectacular drilling results indicating they’re on to a monster of a project at their Corvette tenement in Quebec’s James Bay region. The share price of Patriot, whose primary listing is on the Toronto Stock Exchange but listed CDIs on the ASX just before Christmas, has more than doubled since their 60¢ issue price and were trading around $1.65 on Friday. The share buying would appear to reinforce rumours of a potential spin-off of MinRes’ lithium business – even though Mr Ellison has suggested it is not in the group’s short-term plans. The MinRes chief in November addressed the speculation by saying he had “no plans… to go out there and peel it off” but would “have a look at the crystal ball after Christmas”. The lithium business spin-off chatter first started in September after MinRes bought a stake in Global Lithium and continued to boost it. MinRes currently holds 9.64 per cent of Global Lithium. MinRes declined to comment on the Patriot rumours. https://ceo.ca/pmet?0598fd03b101
Comment by rubberworm on Feb 03, 2023 8:53am
https://twitter.com/DerGoldreport/status/1621457873384374274
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