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5 clusters · 10 sources · 24 days · First seen · Last updated

Categories: BUSINESS

Copper One Resources expands North American copper portfolio

Entities: David Greenway · Nevada · Majuba Hill · Copper One Resources Corp.

Overview

Copper One Resources continues to advance its flagship Majuba Hill copper‑silver‑gold project in Nevada, where underground breccia mapping has confirmed breccia‑hosted copper mineralisation and identified new target corridors across the 9,684‑acre lease. The company is integrating the mapping data with AI‑designed core‑hole plans to sharpen drill target selection, building on the early‑July drilling restart and work on hole MHB‑37B. Funding for this program comes from a private placement of up to 19.5 million special warrants, potentially raising C$9.75 million.

In a related development, Copper One signed a share‑exchange agreement to acquire Rooinek Mining Corp. and its 108‑claim Sport Project in Utah’s historic San Francisco mining district. Surface mapping of the Sport Project has identified magmatic‑hydrothermal breccias and structural features indicative of a large intrusive‑related copper system, offering discovery potential that complements Majuba Hill. The acquisition will be financed by issuing 14 million shares at C$0.55 each, and the company has lowered its warrant price to C$0.44, aiming to raise up to C$8.58 million for exploration and working capital.

CEO David Greenway emphasized that the Utah property adds geological features aligned with the company’s strategy and expands its North American copper‑gold‑silver portfolio, strengthening Copper One’s position to meet growing domestic copper demand.

In July 2026 the company began drilling a new hole (MHB‑38) at Majuba Hill, following the completion of MHB‑37B to 2,513 feet. MHB‑38 targets a newly identified north‑northwest‑trending tourmaline breccia body that showed anomalous copper and gold in surface rock‑chip samples. Assay results from MHB‑37B are pending, and Copper One plans to extend its 2026 program to a total of up to 10,000 feet of drilling, leveraging the recent geological insights to test additional high‑grade targets.

Timeline

  1. about 20 hours ago

    [BUSINESS] 3 sources
    Copper One Resources expands drilling at Nevada's Majuba Hill

    Copper One Resources began drilling hole MHB‑38 at its Majuba Hill copper‑silver‑gold project in Nevada after completing MHB‑37B to 2,513 ft; the new hole tests a tourmaline breccia and assay results are still待

  2. 8 days ago

    [BUSINESS] 2 sources
    Copper One Resources acquires Utah Sport Project to expand North American copper portfolio

    Copper One Resources acquires Utah's Sport Project via Rooinek deal, issuing shares and lowering warrant prices to raise C$8.58 M for exploration, expanding its North American copper portfolio.

  3. 21 days ago

    [BUSINESS] 3 sources
    Copper One expands Nevada drilling; Cobre boosts stake in Chile's Sierra Atacama

    Copper One uses new mapping and AI to refine drilling at Nevada's Majuba Hill, while Cobre raises $12 M to boost its ownership of Chile's Sierra Atacama project to 54.38 %, with a path to 63.5 %.

  4. 22 days ago

    [BUSINESS] 2 sources
    Copper One Resources funds Nevada copper project; World Copper shares settle debt

    Copper One Resources seeks C$9.8 M via warrant placement to fund Nevada copper exploration, while World Copper will issue 20.9 M shares to settle $209 K debt, preserving cash for operations.

  5. 24 days ago

    [BUSINESS] 4 sources
    Copper One Resources resumes drilling at Nevada's Majuba Hill copper project

    Copper One resumes drilling at Nevada's Majuba Hill, extending hole MHB‑37B to 762 m using AI‑driven targeting, and names Richard Robins as CFO.

Sources

abnnewswire.net · finnewsnetwork.com.au · gewinnermagazin.de · goldseiten.de · immittelstand.de · mining.com.au · neue-pressemitteilungen.de · news-nachrichten.de · radiocity.sk · stocktitan.net