ARIZONA SONORAN COPPER CO INC Stock Price, News & Analysis

Arizona Sonoran Copper (OTCQX:ASCUF) has completed a C$5.8 million non-brokered private placement with Hudbay Minerals. The placement involves Hudbay exercising its pre-emptive rights to maintain its 9.9% ownership stake by purchasing 2,907,612 common shares at C$2.00 per share.

The company is advancing its Cactus Project towards a Final Investment Decision by Q4 2026, with projected annual cathode production of 86,000 short tons. Following this placement, Arizona Sonoran has a cash position of approximately US$61.7 million and 177,569,382 common shares outstanding.

Arizona Sonoran Copper (OTCQX:ASCUF) has announced the exercise of rights to buy-down 0.64% of net smelter returns royalties on its Cactus Project for a total payment of US$8.91 million. The transaction reduces the aggregate NSR percentage from 3.18% to 2.54%.

The buy-downs involve payments of US$7.0 million to Royal Gold to reduce their royalty from 2.5% to 2.0%, and US$1.91 million to Elemental Altus to reduce their royalty from 0.68% to 0.54%. The transaction is expected to close around August 12th, 2025.

This strategic move follows other recent royalty reductions, including the vacation of two historic ASARCO royalties and a January buydown of the BCE Property royalty. The company recently completed a $51.75 million bought deal financing and aims to reach Final Investment Decision by Q4 2026.

Arizona Sonoran Copper Company (ASCUF) has successfully closed its previously announced bought deal public offering, raising C$51.75 million through the issuance of 25,875,000 common shares at C$2.00 per share. The offering included the full exercise of a 3,375,000 share over-allotment option. The proceeds will be used to exercise buy-down rights for NSR royalties on the Cactus Project, fund potential land acquisitions, complete technical studies, and provide working capital. The funding is expected to support the company through to a final investment decision on the Cactus Project, anticipated in Q4 2026. Company insiders, including directors and officers, participated in the offering by purchasing 200,000 shares for C$400,000. The offering was led by Scotia Capital Inc. and included several other prominent underwriters.

Arizona Sonoran Copper Company (ASCU) held its annual and special meeting with strong shareholder participation, as 90,396,024 common shares (60.81% of outstanding shares) were voted. Shareholders overwhelmingly approved all proposed items, including the appointment of Ernst & Young LLP as auditors (99.15% approval), the shareholder rights plan (99.77% approval), and the election of all director nominees. The board election saw high approval rates for all directors: Sarah Strunk (99.98%), Alan Edwards (99.91%), George Ogilvie (99.80%), Isabella Bertani (99.77%), David Laing (99.56%), and Mark Palmer (98.15%). The shareholder rights plan received strong support both overall and from minority shareholders, with 99.77% and 99.60% approval respectively.

Arizona Sonoran Copper Company (TSX:ASCU | OTCQX:ASCUF) has filed a final short form prospectus for a bought deal offering of 22.5 million common shares at C$2.00 per share, raising C$45 million in gross proceeds. The underwriters, led by Scotia Capital Inc. as sole bookrunner, have fully exercised their 15% over-allotment option. The syndicate includes Canaccord Genuity, Paradigm Capital, Raymond James, Haywood Securities, RBC Dominion Securities, and Stifel Nicolaus Canada. The offering is subject to Toronto Stock Exchange approval and excludes U.S. investors as the securities will not be registered under U.S. securities laws.

Arizona Sonoran Copper Company has appointed H&P Advisory Limited as debt financial advisor for its Cactus Project, a copper cathode development project in Arizona. The project financing process will align with ongoing Pre-feasibility Study (PFS) due in H2 2025 and Definitive Feasibility Study (DFS) planned for H2 2026. The Cactus Project, located 45 miles southwest of Phoenix, is a proposed heap leach and SX/EW open pit operation with potential to produce over 100,000 tonnes of copper cathode annually. Following completion of studies and permitting, construction is expected to begin in H2 2026, with first copper production anticipated in late 2028 or 2029 after an 18-24 month construction period. The project's location, projected long mine life, and robust cash flow estimates position it well for financing support.

Arizona Sonoran Copper Company (ASCUF) provided updates on its Pre-feasibility Study (PFS) workstreams for the Cactus Project. The project, based on a 2024 PEA, envisions producing 232 million pounds of copper cathodes annually for the first 20 years through heap leach and SX/EW processing. Key progress includes: 53% completion of site engineering, successful surface miner trials, and 67% completion of the 130,000 ft infill drilling program. Metallurgical testing shows promising results, with enriched columns from Parks/Salyer deposit achieving 89.7% predicted extractable soluble copper, surpassing the PEA's 85% assumption. The company aims to complete the PFS in 2H2025, positioning Cactus as one of few U.S. copper projects capable of near-term production with low capital intensity.

CEO.CA, the leading investor social network for junior resource and venture stocks, has featured Arizona Sonoran (ASCUF) in their 'Inside the Boardroom' series. CEO George Ogilvie discussed the company's strategic roadmap to initiate copper production by 2028 at their brownfield Cactus Project.

The interview, available on CEO.CA's platform and YouTube channel, offers investors direct insights into the company's vision and strategy. CEO.CA, established in 2012 and now a subsidiary of EarthLabs, serves millions of global investors annually through their free financial website and mobile app, facilitating knowledge sharing and discussions about stocks, commodities, and emerging companies.

Arizona Sonoran Copper Company (TSX:ASCU | OTCQX:ASCUF) has announced that initial Parks/Salyer infill drilling confirms mineralization continuity and extends the high-grade core at the Parks/Salyer copper deposit onto the MainSpring property at the Cactus Project in Arizona.

Key drilling highlights include:

• ECM-299: 391m @ 0.74% CuT of continuous mineralization
• ECM-289: 465m @ 0.74% CuT of continuous mineralization
• ECM-287: 480m @ 0.47% CuT of near continuous mineralization

Three drill rigs are focused on mineral resource infill drilling, while a fourth rig works on both infill drilling at Cactus West and providing data for geotechnical and hydrological programs for the planned Pre-Feasibility Study expected in H2 2025.

Additionally, Doug Bowden will step down as VP Exploration on April 1, 2025, with Christopher White taking over as Manager, Geology to lead the infill drilling programs.