Coppernico Metals, a mineral exploration company focused on world-class copper-gold deposits in South America, has commenced trading its shares on the Toronto Stock Exchange under the ticker symbol “COPR”. The company recently initiated drilling at its Sombrero copper-gold project located in Ayacucho, Peru.
The shares of Coppernico Metals opened trading at C$0.30 on Tuesday and have experienced a 15% increase, reaching $0.345 as of 11:43 am ET on Wednesday. The company’s listing on the Toronto Stock Exchange follows the receipt of conditional approval from Canada’s leading exchange in July.
Coppernico Metals’ drilling campaign at its Sombrero project in Peru involves approximately 6,500 meters of drilling across 16 holes, with the objective of uncovering copper-rich skarn mineralization. Following the completion of the first phase, the company plans to initiate Phase-2 drilling in 2025. Coppernico Metals is well-funded for these drilling initiatives, with C$19.37 million in private placement funding and Teck Resources holding a 9.9% ownership stake.
CEO Ivan Bebek expressed enthusiasm about the company’s listing on the TSX and the potential for a major copper discovery through the drilling program. The company’s stakeholders and shareholders, as well as the Peruvian government agencies and nearby communities, have shown unwavering support.
Investors can track the performance of Coppernico Metals and engage in discussions on its Bullboard investor forum. It is important to note that the information provided in this article is for informational purposes only and should not be considered as investment advice.
