Copper Fox Metal Stock Price, News & Analysis

Copper Fox Metals (CPFXF) has released its 2024 year-end financial results, reporting a net loss of $607,303, an improvement from the $1,114,512 loss in 2023. The company invested $1,312,475 in developing its copper projects, including Schaft Creek and Van Dyke. Teck Resources, as operator of the Schaft Creek Joint Venture, reported expenditures of C$24.7 million in 2024, exceeding the planned C$18.7 million budget.

The company achieved significant progress in advancing the Van Dyke in-situ copper recovery project and upgraded the porphyry potential of the Sombrero Butte project. Teck has surpassed the $60 million Pre-Production Costs threshold, with two $20 million Milestone Payments remaining to Copper Fox. The company's cash position as of October 31, 2024, was $785,184, down from $1,368,852 in the previous year.

Copper Fox Metals (CPFXF) has announced its 2025 program for the Schaft Creek porphyry copper-gold-molybdenum-silver project in British Columbia. The project, operated by Teck Resources (75% interest) with Copper Fox holding 25%, has reached a significant milestone with Pre-Production Costs exceeding C$60 million.

The 2025 program, budgeted at C$15.8 million, aims to transition the project from Scoping to Preliminary Feasibility Study (PFS) stage. Key components include technical model reviews, completion of geometallurgical programs, geotechnical slope stability studies, and infrastructure site trade-off studies.

Field activities will commence in June 2025, featuring diamond and sonic drilling to assess proposed tailings and rock storage facilities. The program also encompasses environmental baseline data collection, archaeological investigations, and continued collaboration with the Tahltan Nation on cultural initiatives.

Copper Fox Metals has announced analytical results from six geotechnical drillholes completed at the Schaft Creek project in 2024, where they hold a 25% interest (Teck Resources holds 75%). The project, located in northwestern British Columbia, is one of North America's largest undeveloped porphyry copper deposits.

Three of the six geotechnical drillholes intersected significant mineralization, with notable results including:

• DDH SCK-24-471: 134.60m averaging 0.338% copper, 0.037% molybdenum
• DDH SCK-24-472: 208.64m averaging 0.253% copper, 0.014% molybdenum
• DDH SCK-24-476: 202.60m averaging 0.324% copper, 0.023% molybdenum

The drilling program was part of a C$18.9 million budget approved by the Schaft Creek Joint Venture for 2024, aimed at collecting geotechnical, metallurgical, engineering, and environmental data.

Copper Fox Metals has announced preliminary results from their recent geophysical surveys at the Sombrero Butte porphyry copper project. The surveys identified significant anomalous chargeability across seven survey lines, covering an area approximately 2,400 meters east-west and varying from 500m to 2,500m north-south.

The findings show anomalous chargeability (>20 mrads) with varying resistivity patterns across the project area. The eastern section shows high chargeability with low-moderate resistivity in the upper 200m, while the central portion reveals anomalous chargeability over widths ranging from 750m to 1,000m at surface, expanding to 2,000-2,400m at depth. The western section shows anomalous chargeability at approximately 400m depth.

These preliminary results correlate with previously identified limonite alteration zones in Glory Hole Volcanics, suggesting the presence of a large porphyry copper system. The depth of exploration is estimated at approximately 800m.

Copper Fox Metals has completed a seven-line geophysical survey at its Sombrero Butte copper project, located 2km south of the Copper Creek porphyry copper deposit. The 2024 exploration program includes mapping, sampling, petrographic studies, and geochemistry analysis. Age dating of samples from the Copper Creek intrusive yielded ages of 63.078 Ma and 62.971 Ma, confirming its Laramide age. The Holy Joe fault, a significant structural element, has been extrapolated onto the project area. A large zone of limonite staining and quartz-sericite-limonite veining was identified in the hanging wall of this fault, potentially representing a pyrite shell of a porphyry copper system.

Copper Fox Metals provides an update on the permitting process for its drilling program at the Mineral Mountain porphyry copper project in Arizona. The company completed a biological evaluation (BE) as part of the Environmental Assessment (EA) required by the Bureau of Land Management. The BE covered 447 acres and identified eight ESA listed species, with only the monarch butterfly and acuña cactus potentially present in the project area. A species-specific survey covering 89 acres found no acuña cactus in the planned disturbance area. SWCA Environmental Consultants concluded the drilling program 'may affect but is not likely to adversely affect' the acuña cactus and its critical habitat.

Copper Fox Metals Inc. (OTCQX: CPFXF) and its subsidiary, Desert Fox Sombrero Butte Co., have retained Quantec Geosciences USA Inc. to conduct a comprehensive geophysical survey on the Sombrero Butte project in Arizona.

The survey will utilize the ORION 3D SWATH DCIP and MT configuration, covering approximately 21.9 km with seven N-S oriented lines. The project aims to provide high-resolution resistivity and chargeability imaging of two porphyry copper targets within the Sombrero Butte project. The DCIP survey will utilize a Pole-Dipole-Dipole array configuration with 400m line spacing, while the MT survey will employ a 12-hour continuous sampling period.

The survey, estimated to cost around $300,000, will commence mid-October, pending results from Phase I. Approvals for the Plan of Operations have been received from the Arizona State Land Department and the Bureau of Land Management.

Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) has announced an update on its 100% owned Van Dyke in-situ copper recovery (ISCR) project in Arizona. The company has retained Stantec Consulting Services Inc. to conduct a strategic review and hydrology characterization of the project. The program aims to:

1. Complete a technical review and analysis of existing hydrogeological data
2. Prepare a Conceptual Site Model (CSM)
3. Establish hydrogeological and groundwater data collection requirements compliant with Federal and State regulations

This work is important for updating the hydrogeological model of the Van Dyke project, which is a critical step in advancing it to the preliminary feasibility study (PFS) stage. The program will review three public databases and historical hydrogeological models, utilizing baseline groundwater data from the established piezometer network.

Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) announced its Q3 2024 financial results. The company reported a net loss of $826,730 for the nine months ended July 31, 2024, compared to $882,395 in the same period last year. Copper Fox incurred $825,069 in exploration expenditures during this period, primarily advancing projects in Arizona and British Columbia.

Key highlights include positive results from the Van Dyke geotechnical study, progress in permitting for the Mineral Mountain drilling program, and completion of the field portion of the Schaft Creek Joint Venture's annual program, budgeted at C$18.7 million. The company also completed a non-brokered private placement, raising $1,125,520, and received $900,000 from warrant exercises after the quarter-end.

As of September 24, 2024, Copper Fox's cash position was $1,145,000. The company continues to advance its copper projects, with ongoing metallurgical testing and environmental baseline studies at Schaft Creek expected to be completed in Q4 2024.