Camino Minerals Stock Price, News & Analysis

Camino (OTC:CAMZF) is mobilizing rigs to start a discovery drilling campaign at the Los Chapitos copper project in Peru in early November 2025.

Initial program: ~9 holes for 1,200 metres, with expansion to >3,000 metres pending a $1.5M Nittetsu tranche expected December 2025. Recent trenching returned notable results including 129m @ 0.98% Cu (Mirador) and multiple high-grade intervals (e.g., 12m @ 2.3% Cu at Piloto; 7m @ 4.3% Cu at Maqui).

Los Chapitos was named one of 15 priority exploration projects by Peru's Ministry of Energy and Mines.

Camino (OTC:CAMZF) received an exempt resolution from Chile's Environmental Assessment Service approving a modification to the waste dump at the Puquios copper project, extending the project's life to 15 years and confirming no new EIA is required. Camino and strategic partner Nittetsu are pursuing a project loan, including talks with Japanese lenders, and will cause the 50/50 JV (Camino-Nittetsu JVCO) to begin contingent payments to the Vendors under the October 4, 2024 share purchase agreement.

The Vendors agreed to waive and defer 50% of each of the first three contingent payments to March 1, 2026 in exchange for an additional CAD$750,000, payable by that date; deferred payments may be paid in cash or Camino common shares. Corporate items: 2,250,000 stock options granted at $0.30 (various vesting) and intent to issue 443,250 Finder Shares at $0.30 subject to TSXV acceptance.

Camino Minerals (OTC:CAMZF) has announced significant copper discoveries at its Los Chapitos Copper Project in Peru, with high-grade trench results from the Mirador prospect showing 90 meters at 1.07% copper, including sections with up to 3.05% copper. The mineralization, featuring copper oxide and sulfides with bornite in intrusive rocks, potentially represents an extension of the Adriana mineralized zone.

The company plans to commence a drilling campaign in September 2025 to further explore the Mirador, Katty, Lourdes, and Diana Zones. Additionally, Camino appointed Shawn Turkington as CFO effective August 1, 2025, replacing David Baker. The project involves partnership with Nittetsu Mining Co., which can earn a 35% interest upon completing a CDN$10 Million investment.

Camino Minerals (CAMZF) has reported exceptional copper channel sampling results from its Los Chapitos Copper Project in Peru, specifically at the Katty prospect within the Diva Trend. Notable findings include high-grade intercepts of 18 meters at 1.57% Cu and 11.36 ppm Ag, 12 meters at 2.3% Cu and 21.13 ppm Ag, and 7 meters at 4.3% Cu and 25.5 ppm Ag. The mineralization spans approximately 700 by 650 meters and shows strong copper-silver correlation. The company's partner Nittetsu Mining can earn a 35% interest with a CDN$10 Million investment. Major copper producer Rio Tinto has recently staked adjacent claims, validating the project's potential. The Katty prospect is located about 1 km south of the main Adriana zone, and the company is exploring potential connectivity between these areas. The company plans to commence drilling to evaluate deeper copper potential for resource definition.

Camino Minerals (CAMZF) has received CAD$1.5 million from Nittetsu Mining for their Los Chapitos Copper Project in Peru, marking the fifth earn-in payment under their 2023 agreement. Nittetsu has now invested CAD$8.5 million of the total CAD$10 million required to secure a 35% project interest. The funds will support a June-November 2025 exploration campaign, focusing on the Katty prospect and Sombrero Blanco target. Historical drilling has shown promising results, including high-grade copper intercepts of 5.01% Cu over 4.5m. The partnership has expanded with a joint acquisition of the Puquios copper project in Chile. Additionally, Camino recently conducted a Public Participation Workshop for the Second Amendment EIA, demonstrating their commitment to community engagement.

Camino Minerals (CAMZF) has announced exploration results from its Los Chapitos copper-silver project in Peru. The company completed a 996.7m drilling campaign at the Pampero prospect, bringing total drilling at Los Chapitos to 27,624m. Key findings include copper grades up to 0.5% and silver 3.15 ppm at 157.6m depth at drill hole DCH-118. Surface sampling revealed copper grades up to 3.8% and 4.0 ppm silver.

The company, along with partner Nittetsu Mining, plans to continue drilling in the second half of 2025. The exploration focuses on two main mineralized trends: La Estancia and Diva. Notable results from surface sampling at Sombrero Blanco showed 78% of samples with copper grades above 0.1%, while Katty sampling revealed 100% of samples with copper grades exceeding 0.3%.

Camino Minerals (CAMZF) has completed the acquisition of Cuprum Resources Chile SpA, owner of the construction-ready Puquios copper project in Chile. The project demonstrates a 23.4% after-tax internal rate of return with a capital cost of US$142M.

The acquisition was executed through a 50/50 joint venture with Nittetsu Mining, who will provide half of the required equity capital and lead construction and operations. As partial consideration, Camino issued 23,333,333 common shares at C$0.45 per share, while Nittetsu made a cash payment of C$9,932,480.96. The deal includes contingent payments up to C$25,000,000.

The transaction includes a 1.25% net smelter returns royalty agreement and an investor rights agreement. The board of directors has been reconstituted with seven members, including new Chairman Chris Adams and three Denham Capital nominees.

Camino Minerals (CAMZF) has filed a Pre-Feasibility Study (PFS) Technical Report for its upcoming acquisition of the construction-ready Puquios copper project in Chile. The PFS demonstrates strong project economics with an after-tax NPV of US$118 million and an IRR of 23.4% at a copper price of US$4.28 per pound.

The project features low pre-production capital requirements and all-in sustaining costs of US$2.00 per pound. The transaction, involving partners Denham Capital and Nittetsu Mining, is expected to close in early April 2025. The project has already received its primary environmental permit (RCA) to build and operate a mine.

The company will hold a special shareholders meeting on March 31, 2025, to approve the acquisition and related matters. The board of directors unanimously recommends shareholders vote in favor of the transaction, citing the project's construction-ready status and potential synergies with Camino's existing Peru assets.

Camino Minerals (TSXV:COR)(OTC PINK:CAMZF) has announced the closing of the final tranche of its non-brokered private placement. The company issued 1,781,047 common shares at $0.21 per share, raising approximately $374,020 in gross proceeds.

The total proceeds from both the first tranche (announced January 29, 2025) and the final tranche amount to $1,999,770. The shares are subject to a four-month and one-day hold period, expiring on June 5, 2025. The funds will be allocated towards corporate working capital, legal expenses, engineering studies, and general administrative expenses. The financing completion remains subject to final TSX Venture Exchange approval.