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 Corporation (CAMZF) provides investors with comprehensive coverage of its copper exploration activities and strategic developments across Peru and Chile. This dedicated news hub consolidates all official press releases and verified updates about the company’s high-grade projects, including the Los Chapitos copper discovery and recent Puquios mine acquisition.
Key resources include: Drilling result announcements, corporate partnership updates, financial reporting disclosures, and operational progress across exploration targets. All content undergoes strict verification to ensure compliance with mining disclosure standards.
Visitors can expect timely updates on resource delineation efforts, geophysical survey findings, and strategic moves in copper-rich regions. The curated format enables efficient tracking of technical developments without speculative commentary.
Bookmark this page for direct access to Camino Minerals’ latest verified announcements. For historical context, review our archive of past releases detailing phased exploration programs and geological advancements.
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.
Camino Minerals (CAMZF) has initiated its exploration campaign at the Los Chapitos Copper Project in Peru, fully funded through a CAD$1.5 million earn-in payment from exploration partner Nittetsu Mining Co.,
The drilling campaign comprises 11 drill holes totaling approximately 1,200 meters, focusing on copper oxide zones and potential sulphide mineralization along the La Estancia fault, which extends over 12km. Geochemical sampling has revealed copper oxide grades up to 3.8% Cu and 4.0 ppm Ag.
Additionally, the company has granted 675,000 incentive stock options to directors, officers, and employees, exercisable at $0.36 until January 20, 2030. The company is also issuing 147,059 common shares as finder's fees related to the Nittetsu Mining earn-in agreement.
Camino Minerals (CAMZF) has announced the implementation of a share consolidation effective January 20, 2025. The consolidation will be executed on a 6:1 basis, reducing the outstanding common shares from 209,251,638 to approximately 34,875,273.
The consolidation will maintain proportional shareholder ownership, and no fractional shares will be issued. Fractional shares less than one-half will be rounded down and cancelled, while those equal to or greater than one-half will be rounded up to one whole share. The company's exercise or conversion price and number of shares issuable under outstanding convertible securities will be adjusted proportionally.
Registered shareholders holding physical certificates will receive a letter of transmittal to exchange their certificates, while shareholders holding shares through brokers won't need to complete this process. The new CUSIP number will be 138050307 and the new ISIN number will be CA1380503070.
Camino Minerals (TSXV:COR)(OTC:CAMZF) has restructured its previously announced C$2 million non-brokered private placement and proposed a 6:1 share consolidation. The restructured financing will issue up to 9,523,809 post-consolidation shares at C$0.21 per share. Denham Capital will participate with $500,000, while CEO Jay Chmelauskas plans to invest C$200,000.
The proceeds will fund corporate working capital, legal expenses, engineering studies, and administrative expenses. Additionally, the company plans to start an exploration drilling campaign at its Los Chapitos copper property in Peru, supported by C$1.5M in previous funding from Nittetsu Mining Co.,
The share consolidation will reduce outstanding shares from 209,251,638 to 34,875,273. The consolidation aims to align share pricing with TSXV policies regarding minimum issue prices for financing.
Camino Minerals (CAMZF) has received CAD$1.5 million from Nittetsu Mining for its upcoming drilling campaign at the Los Chapitos Copper Project in Peru, scheduled to begin January 2025. This payment represents the fourth earn-in installment under their 2023 agreement, where Nittetsu can acquire a 35% project interest by investing CAD$10 million over three years. To date, Nittetsu has invested CAD$7 million.
The drilling campaign will focus on the Pampero target within the La Estancia area, where recent sampling revealed copper values up to 3.8% Cu and 4.00 ppm Ag. The planned 1,200m drilling program aims to identify near-surface copper oxide mineralization along the La Estancia fault, which extends over a 12-kilometer corridor.
Camino Minerals (TSXV:COR)(OTC:CAMZF) announces a non-brokered private placement to raise up to CAD$2.0 million through the issuance of 57,142,857 common shares at CAD$0.035 per share. Denham Capital has committed CAD$500,000 as lead order, with additional commitments of CAD$200,000 from institutional investors and CAD$300,000 from other investors. The company anticipates a strategic investment of up to CAD$1,000,000 from a prospective investor. The proceeds will fund corporate working capital, legal expenses, engineering studies, and expenses related to the Puquios copper project acquisition in Chile.
Camino Minerals has completed its summer drilling campaign at the Maria Cecilia porphyry project in Peru. The campaign included drilling one diamond drillhole (MC24-001) which revealed 234 meters of continuous low-grade mineralization with grades up to 0.16% copper, 0.053ppm gold, 5.1ppm silver, and 819ppm molybdenum. The project is part of a larger 5km mineralized system that includes Toropunto and Emmanuel resources. Surface sampling yielded 95 chip samples, with 35 samples showing greater than 0.1% Cu and grades up to 0.32% Cu. The drilling confirmed mineral zonation and multiple altered intrusions, though the company indicates that the main source of copper mineralization has not yet been reached.
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