Welcome to our dedicated page for Chakana Copper news (Ticker: CHKKF), a resource for investors and traders seeking the latest updates and insights on Chakana Copper stock.
Chakana Copper Corp (CHKKF) generates a steady flow of news as it advances its exploration portfolio in Peru and manages its corporate structure. The company’s releases focus on technical drilling results, project-level decisions, and financing activities that shape its strategy in the Ancash region, where it is exploring for copper, gold, and silver.
Much of Chakana’s recent news centers on the La Joya project and the broader Soledad project area. Updates describe high-sulfidation epithermal precious metals mineralization at La Joya, porphyry-style targets at the Mega-Gold intrusive center, and gold-bearing hydrothermal breccias at the Compañero zone. Detailed drill results from targets such as Estremadoyro and Mega-Gold provide information on grades, alteration styles, and geological interpretations, giving readers insight into how the company evaluates its mineral system.
Chakana’s news flow also covers corporate and financial developments. The company has announced share consolidations, non-brokered private placements, and shares-for-debt transactions used to fund exploration, evaluate new opportunities, and settle obligations to directors, officers, and consultants. Strategic participation by investors such as EMR Capital, along with changes to option agreements and royalty interests, are described in these releases.
Investors and observers following CHKKF news can use this page to review technical exploration updates, decisions about property holdings, and capital structure changes. The coverage reflects how Chakana allocates resources among its La Joya, Mega-Gold, Compañero, and related targets, and how it responds to market conditions and investor feedback. For those tracking exploration-stage mining companies, Chakana’s news provides context on both project geology and corporate strategy.
Chakana Copper (TSXV: PERU) has successfully completed a C$1.25 million non-brokered private placement, issuing 17,857,156 units at C$0.07 per unit. Each unit includes one common share and one warrant exercisable at C$0.09 for three years.
Notably, EMR Capital, a global private equity firm focused on natural resources, has made a strategic investment of C$346,356.33, acquiring a 10.5% equity stake in Chakana. EMR Capital receives anti-dilution rights, board nomination rights, and project advisor appointment rights. The company plans to use proceeds for evaluating new opportunities, exploration, and working capital purposes.
Additionally, the TSX Venture Exchange has approved a previously announced debt settlement with directors, officers, and consultants for management fees and services.
Chakana Copper (TSXV: PERU) has provided clarification regarding its previously announced debt settlement transaction. The company is settling C$644,791 in total outstanding debt owed to directors, officers, and consultants for services from May 2021 to August 2025 through multiple methods:
The settlement includes: 2,529,487 common shares issued at C$0.0975 per share (worth C$246,625), debt forgiveness of C$353,455, and cash payments of C$44,711. The debt shares will have a four-month hold period, and the transaction requires final TSX Venture Exchange approval.
Chakana Copper (OTCQB:CHKKF) announced the retirement of Thomas (Tom) Wharton Jr. from its Board of Directors, effective immediately. Wharton, a founding member of the company, served as Director for eight years since 2018.
CEO David Kelley acknowledged Wharton's crucial role in forming Chakana Copper in late 2016 and his active engagement as a Director, expressing gratitude for his service.
Chakana Copper Corp (TSXV: PERU) (OTCQB: CHKKF) has announced a share consolidation effective February 28, 2025. The consolidation will be executed on a 10:1 basis, where shareholders will receive one new post-consolidation share for every ten pre-consolidation shares held.
The company's outstanding shares will reduce from 267,008,571 to approximately 26,700,857 shares. Trading will continue under the symbol 'PERU' with new CUSIP: 15748D205 and ISIN: CA15748D2059. No fractional shares will be issued, with amounts rounded down to the nearest whole share. The consolidation will also proportionally adjust the exercise price and number of shares for outstanding stock options and warrants.
Chakana Copper (CHKKF) announces a strategic pivot to focus on its La Joya high-grade silver discovery within the Barrick option area. The 2024 drill program yielded impressive results of 1,005 gpt silver and 0.45 gpt gold over 0.75m within a broader intersection. The company plans a 2,000m drill program for 2025.
The company has relinquished its Aija option agreement, eliminating US$3,275,000 in payment obligations. This decision results in the company having no resource estimate on the Soledad project. Additionally, the board approved a 10:1 share consolidation, reducing outstanding shares from approximately 267,008,571 to 26,700,857.
The La Joya Project, which includes the Mega-Gold porphyry target and Compañero gold prospect, will be the company's primary focus, requiring no cash payments and based on ground expenditures.
Chakana Copper Corp. (CHKKF) announces its decision to relinquish the option to acquire three concessions from Condor Resources, which constitute 25% of its Soledad project in Ancash, Peru. Chairman Douglas Silver cites investor reluctance to fund projects with substantial outstanding payments as the primary reason. Despite efforts to negotiate a buyout, the costs exceeded the property's current value. Existing exploration permits on these concessions will be canceled, and Condor must start a new permitting process. Chakana will retain a 1% net smelter returns royalty on the relinquished concessions, with Condor having the option to purchase half of it for $1 million. The relinquished area includes 1.2 million tonnes for open-pit mining and 4.7 million tonnes for underground mining. Despite the loss, Chakana remains optimistic about its remaining 2,775 hectares, where recent drilling has shown promising results.
Chakana Copper Corp. (TSXV: PERU) (OTCQB: CHKKF) has reported final drill results from its 2024 program at the Soledad project in Peru. Highlights include:
- High-grade silver mineralization at La Joya: 1,005 gpt Ag and 0.45 gpt Au over 0.75 m within 4.5 m of 323.6 gpt Ag and 0.25 gpt Au from 58.0 m
- Confirmation of a 700 m-long alteration system at La Joya
- Identification of two discrete porphyry targets at Mega-Gold
- Hyperspectral core scanning confirming high-level alteration environments
The company plans additional drilling at La Joya and Mega-Gold based on these promising results.
Chakana Copper Corp. (OTCQB: CHKKF) provides an update on its Mega-Gold Scout Drilling Program at the Soledad Project in Peru. Initial results from three holes reveal significant mineralization, including 2 m of 1.8 g/t gold and 0.35% copper, and 1.5 m of 11.05 g/t gold. The drilling encountered widespread alteration, with up to 15% pyrite and traces of chalcopyrite and molybdenite. Additionally, hyperspectral core scanning has been initiated to identify mineral zoning patterns. Assays for five more holes from Mega-Gold and three from La Joya are pending. An option agreement with Condor Resources is under discussion due to a delayed US$1,000,000 payment. Chakana will also participate in the Rick Rule Investment Symposium from July 7-11, 2024, in Boca Raton, Florida.
Chakana Copper Corp. reports impressive results from drilling at the Estremadoyro breccia pipe in Peru, with mineralized intercepts showing significant grades of gold, copper, and silver. Additionally, bornite mineralization and a low-grade copper halo in the wall rock were identified, indicating potential for further mineralization. The ongoing drill program at the Mega-Gold target area is progressing well, with sulfides and chalcopyrite-molybdenite mineralization identified in all three holes drilled so far. Chakana is optimistic about the future drilling potential and resource evaluation based on the latest findings.
FAQ
What is the current stock price of Chakana Copper (CHKKF)?
What is the market cap of Chakana Copper (CHKKF)?
