Welcome to our dedicated page for Camino Minerals news (Ticker: CAMZF), a resource for investors and traders seeking the latest updates and insights on Camino Minerals stock.
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 (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 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.
Camino Minerals (TSXV:COR)(OTC PINK:CAMZF) has completed the first tranche of its non-brokered private placement, issuing 7,741,665 common shares at $0.21 per share, raising gross proceeds of approximately $1,625,750. The shares are subject to a four-month hold period expiring on May 29, 2025.
Company insiders participated significantly in the placement, acquiring 3,690,475 shares (approximately $775,000). The proceeds will fund corporate working capital, legal expenses, engineering studies, and general administrative expenses. A finder's fee of $1,050 was paid to an arm's length registered finder.
The insider participation constitutes a related party transaction but is exempt from formal valuation and minority shareholder approval requirements as it does not exceed 25% of the company's market capitalization.