- Coppernico Metals (TSX:COPR) has officially begun trading its shares on the Toronto Stock Exchange under the ticker symbol “COPR”
- The company recently began drilling at its Sombrero copper-gold project in Ayacucho, Peru
- Coppernico Metals is a mineral exploration company focused on world-class copper-gold deposits in South America
- Shares of Coppernico Metals opened trading Tuesday at C$0.30 and have moved up 15 per cent since then to $0.345 as of 11:43 am ET Wednesday
Coppernico Metals (TSX:COPR) officially began trading its shares on the Toronto Stock Exchange (TSX) on Tuesday under the ticker symbol “COPR”.
After briefly rising to C$0.40 Tuesday, the shares have been trading between C$0.34 and C$0.36 Wednesday.
On Aug. 9, the company officially revealed that its shares would begin listing on the TSX after indicating in July that it had received conditional approval from Canada’s top exchange.
“We are very pleased to be listing on the TSX due to its visibility and accessibility to investors and the financial markets,” Ivan Bebek, CEO of Coppernico Metals, said in a previous statement. “We are actively drilling our second drillhole in a comprehensive multiple target testing program and are looking forward to providing continuous updates on our drilling program over the next twelve months.”
The company’s listing on Canada’s premier exchange comes in the midst of Coppernico Metals’ drilling campaign at its Sombrero copper-gold project in Ayacucho, Peru.
Roughly 6,500 metres will be drilled across 16 holes with the goal of uncovering copper-rich skarn mineralization identified in surface mapping and channel sampling and new mineralization along the southern margin of the Ccascabamba.
After the completion of the first phase, Coppernico intends to kickstart Phase-2 drilling in 2025 to follow up on attractive targets. The company’s permit will allow for a total of 49 drill holes from 38 drill pads.
“The inaugural drill program is a significant milestone for Coppernico, presenting the potential for a major new copper discovery,” Bebek said in a statement. “The commencement of this drill program is the culmination of years of dedicated work by our team in collaboration with the nearby communities, Peruvian government agencies, and the company’s shareholders and stakeholders, who have shown their unwavering support and patience over the years.”
With C$19.37 million in private placement funding and Teck Resources (TSX:TECK.A) with a 9.9 per cent ownership stake, Coppernico Metals is well-funded for drilling initiatives over the next year or so.
Coppernico Metals is a mineral exploration company focused on world-class copper-gold deposits in South America.
Shares of Coppernico Metals (TSX:COPR) opened trading Tuesday at C$0.30 and have moved up 15 per cent since then to $0.345 as of 11:43 am ET Wednesday.
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