Camino Minerals Corp. advances copper exploration and development projects in South America, with recurring updates centered on the Puquios copper project in Chile and the Costa de Cobre, formerly Los Chapitos, project in Peru. Company news covers drilling results, trenching and geological modeling, project-level joint venture activity with Nittetsu Mining, and metallurgical work tied to copper recovery methods.
Camino's announcements also address equity financing, strategic shareholder participation, management and operating appointments, and project planning for its Chilean and Peruvian copper portfolio. The company's updates are primarily tied to exploration results, development readiness, partner funding arrangements, and corporate capital needs.
Camino Minerals (CAMZF) announced authorization to build water diversion infrastructure at Puquios after its joint venture satisfied a USD $1.7 million bond.
Cuprum, owned 50/50 by Camino and Nittetsu Mining, received approval from Chile's water authority, DGA, for the Coloradito Ravine Diversion and Channelization Works. The infrastructure will manage surface water around the mine and planned heap-leach and process plant facilities. The bond will be returned in full after construction and DGA inspection and certification.
Recent rainfall caused localized site road washouts, now under repair, but did not damage the main infrastructure or planned plant-site earthworks. Barrick Gold is repairing highway washouts to restore heavy-equipment access. Engineering and site preparations continue. Camino is pursuing a proposed Japanese debt facility, subject to definitive agreements, lender approvals and applicable conditions.
Camino Minerals (CAMZF) received Peruvian environmental approval to expand exploration at its Costa de Cobre copper project.
The amendment expands the effective exploration area by approximately 94%, from 6,012.50 to 11,671.90 hectares. It adds 212,500 metres of drilling capacity, bringing remaining and additional capacity to up to 611,840 metres across 280 drill platforms. It also includes 1,282 new potential drillholes and extends access across the Diva, La Estancia and Atajo copper trends. Camino plans to start drilling this fall, subject to further authorizations; drilling in newly approved areas requires separate approval from Peru’s Ministry of Energy and Mines.
Camino and Nittetsu Mining are finalizing their 65%/35% Costa de Cobre venture. They are discussing potential Japanese debt for construction of the Puquios copper mine in Chile. Camino also signed a 12-month investor-media agreement with Market One for $58,000 plus applicable taxes and began an advertising engagement with CEO.ca.
Camino Minerals (TSXV:COR, OTC:CAMZF) closed a previously announced financing for aggregate gross proceeds of C$15,223,109, comprising a brokered private placement of 13,800,000 Units at C$0.42 per Unit for C$5,796,000 and a concurrent non‑brokered private placement of unsecured convertible debentures for C$9,427,109.
Each Unit includes one common share and one‑half warrant, with whole warrants exercisable at C$0.55 until August 26, 2028. Camino paid the agents C$338,108.40 in cash commission and issued 805,020 broker warrants at C$0.42, expiring August 26, 2028. Net brokered proceeds will fund Puquios joint venture cash calls, exploration and drilling at Costa de Cobre and other Peruvian projects, plus G&A and working capital over 12 months.
The Convertible Debentures bear 10.0% annual interest, capitalized quarterly and payable at maturity on August 26, 2029, and are convertible at the holder’s option at C$0.48 per share any time prior to August 26, 2031. Net debenture proceeds will satisfy deferred contingent payments to Santiago Metals vendors, extension fees to Santiago Holdco, and repay an outstanding term loan owed to Santiago Holdco. Santiago Holdco, a significant shareholder, acquired all Convertible Debentures, affecting ownership levels under Canadian early warning rules.
Camino Minerals (OTC:CAMZF, TSXV:COR) announced a financing of up to C$14.5 million, comprising a brokered private placement of up to 12,000,000 units at C$0.42 per unit for gross proceeds of up to C$5.04 million, and a concurrent non-brokered private placement of unsecured convertible debentures for up to C$9.5 million.
Each unit includes one common share and one-half warrant, with whole warrants exercisable at C$0.55 for two years, after a 60-day no-exercise period. Agents will receive 6% cash commission and broker warrants, plus a 15% over-allotment option. Debentures bear 10% interest, mature 36 months after closing, and are convertible at C$0.48 per share for up to five years. According to Camino, brokered proceeds will fund Puquios joint venture cash calls, exploration in Peru, and corporate purposes, while debenture proceeds will refinance Puquios acquisition-related obligations and a term loan. Closing is subject to TSX Venture Exchange approval, targeted on or about August 26, 2026.
Camino (OTC:CAMZF) reported Phase 2 drilling results from the Costa de Cobre copper project in Peru. Five holes at the Adriana target along the Diva trend, to 260 m depth over ~400 m strike, all intercepted copper-silver mineralization.
Highlights include 76.2 m @ 0.88% Cu and 2.03 g/t Ag in DCH-133, with 16.25 m @ 2.67% Cu and 6.82 g/t Ag, plus broad zones in DCH-131, DCH-132, DCH-134 and stacked intervals in DCH-135. The 2026 program added 990.7 m, bringing total drilling to 29,650 m.
Partner Nittetsu Mining has completed its three-year earn-in, investing CAD $10 million for a 35% interest, with plans to form a joint venture. Costa de Cobre features three structural copper corridors (Diva, La Estancia, Atajo) that remain largely underexplored.
Camino Minerals (OTC:CAMZF) appointed Marcelo Bruna as CEO of Cuprum SpA to lead Chile operations for the 50/50 Puquios copper joint venture with Nittetsu, and engaged Darryl Steane as corporate development consultant.
A Santiago finance team was established and a Japanese lender package is expected mid-2026 to target construction commencement in mid-2026. The company granted 1,170,000 equity-linked awards (500,000 options at $0.50, 545,000 RSUs, 125,000 DSUs).
Camino Minerals (OTC:CAMZF) has begun a new drilling campaign at its district-scale Costa de Cobre IOCG copper discovery in Peru and entered a 65%/35% joint venture with Nittetsu, with Camino as operator.
Camino reports >28,000m of prior drilling including a notable intersection of 83.5m @ 0.94% Cu (incl. 7.1m @ 2.13% Cu). The program targets ~1,100m focused on near-surface oxide and deeper sulphide zones. Costa de Cobre lies ~125 km south of the proposed San Juan de Marcona Port (planned capacity 47 Mtpa). Camino also has a 50/50 Puquios JV with Nittetsu targeting financing and construction start in mid-2026.
Camino (OTC:CAMZF) reported Phase 1 drill results at its Los Chapitos copper project in Peru on February 17, 2026, including a standout intercept of 83.5m @ 0.94% Cu (including 7.1m @ 2.13% Cu) at the Adriana zone.
Other significant intercepts include 63.3m @ 0.62% Cu at Lourdes and multiple oxide-to-sulfide transitions, while total project drilling now totals 28,660m. Partner Nittetsu is completing a 35% earn-in after CAD $10 million and Phase 2 completion.
Camino Minerals (OTC:CAMZF) received the final CAD$1.5 million earn-in payment from Nittetsu Mining, completing Nittetsu's expenditure obligations under the June 13, 2023 earn-in agreement and triggering formal conversion of Los Chapitos into a joint venture.
Under the joint venture, Camino will retain a 65% participating interest, operate the project, and hold 50% of life-of-mine off-take. Exploration drilling is underway at high-grade targets on the Diva and La Estancia trends; Camino is on drillhole 4 of an expected ~2,650 metre, 18-hole program that is planned to continue into H1 2026.
The company intends to issue 139,535 common shares to Resource Play as a finder fee at a deemed price of $0.43 per share; issuance is subject to TSX Venture Exchange acceptance and a four-month-and-one-day statutory hold.
Camino (OTC:CAMZF) closed a brokered private placement on November 17, 2025, issuing 15,554,666 shares at C$0.36 per share for aggregate gross proceeds of C$5,599,680.
Participants included new strategic investors Elemental Royalties and Continental General Insurance Company plus certain insiders. Proceeds will fund working capital, legal expenses, engineering studies, project development and general administrative costs. The issued shares are subject to a statutory hold period expiring March 15, 2026. The Financing remains subject to final acceptance by the TSXV. Separately, Camino issued 5,833,334 shares to Santiago Metals Investment Holdings II entities as previously announced.