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Coppernico Metals Inc. reports exploration and project-development updates for the Sombrero copper-gold project in Peru. The company, through its wholly owned Peruvian subsidiary Sombrero Minerales S.A.C., focuses on skarn-porphyry and epithermal-porphyry targets including Ccascabamba, Nioc, Tipicancha and Antapampa. Recurring news covers geological mapping, channel and soil sampling, geophysical surveys, drill-permit activity, target generation, concession options and community engagement tied to the broader Sombrero land position.
Coppernico Metals (CPPMF) signed a new drilling agreement with Peru-based AK Drilling International to execute its Phase 2 diamond drill program at the copper‑gold Sombrero Project in Ayacucho, Peru, committing to a minimum of 5,000 metres of drilling.
Drilling is subject to receiving start‑of‑activities authorization from Peru’s Ministry of Energy and Mines, which the company expects in the coming months, after which equipment and personnel mobilization is planned. The 2026 Phase 2 program will initially focus on expanding known mineralization at Fierrazo and then test high‑priority targets at Ccascabamba, Tipicancha, Huachana, Chumpi, Hojota, Corrales and, separately, Nioc, where first drilling is targeted for the first half of 2027 following community agreements and permitting. Coppernico is financed to advance the initial stages of the program with C$6.5 million from two recent financings, in which Teck Resources participated to maintain a 9.9% ownership stake.
Coppernico Metals (TSX: COPR, OTCQB: CPPMF) received approval of its Category II Environmental Impact Assessment – Semi-detailed (EIA-Sd) for a major expansion of drill permits at the Sombrero Project in Peru.
The permit expands the approved drill area from about 904 ha to approximately 3,122 ha, increases authorized drill platforms from 38 to 181 and drill holes from 49 to 300, and supports the use of multiple drill rigs. It covers several high-priority targets, led by the advanced Fierrazo copper-gold skarn, plus Corrales, Chumpi, Escondida, Huachana and Tipicancha. Drilling still requires a start-of-activities authorization from Peru’s Ministry of Energy and Mines. The company is advancing remaining regulatory steps, logistical preparations, and community engagement, planning a larger, phased drill program across 2026–2027 subject to funding.
Coppernico Metals (TSX: COPR, OTCQB: CPPMF) closed a non-brokered private placement for aggregate gross proceeds of C$995,349.60, issuing 2,843,856 units at C$0.35 per unit. Each unit comprises one common share and one warrant exercisable at C$0.50 until August 6, 2028.
The financing was placed with two subscribers, led by Teck Resources, which acquired 1,843,856 units for C$645,349.60, increasing its non-diluted ownership from about 9.1% to 9.9%, plus 1,843,856 warrants. If these warrants are exercised, Teck’s stake could reach up to 10.74% on a partially diluted basis. According to Coppernico, net proceeds will fund drill permitting, community agreements and future exploration at the Sombrero Project in Peru, as well as corporate initiatives and working capital. All securities carry a four-month hold, and the TSX has conditionally approved listing of the shares and warrant shares, subject to customary filings.
Coppernico Metals (OTCQB: CPPMF, TSX: COPR) closed an upsized Listed Issuer Financing Exemption private placement, issuing 15,714,286 units at C$0.35 for gross proceeds of C$5.5 million. Each unit includes one share and a warrant exercisable at C$0.50 until June 26, 2028.
The financing was oversubscribed, with proceeds to be used as described in the company’s Amended and Restated LIFE Offering Document. Coppernico paid C$282,012 in cash finders’ fees and issued 805,747 finders’ warrants. TSX has conditionally approved listing of the shares and warrant shares, pending customary closing filings.
Coppernico Metals (OTCQB: CPPMF, TSX: COPR) reported voting results from its June 23, 2026 virtual AGM. Shareholders representing 62,554,108 common shares, or 99.42% of outstanding shares, were present or by proxy.
All six director nominees were elected and Davidson & Company LLP was reappointed as auditor.
Coppernico Metals (OTCQB: CPPMF) reported new surface channel sampling results from the Nioc target at its Sombrero copper-gold project in Peru.
A combined channel returned 70.1 m of 0.92% Cu, 0.25 g/t Au and 2.45 g/t Ag, nearly doubling Zone 2’s east-west surface width to about 70 m. Step-out channel 26SRT-111, 120 m north, returned 58.0 m of 0.58% Cu, 0.39 g/t Au and 1.70 g/t Ag. Combined Zone 1 and Zone 2 mineralization overlies a >1.5 km coincident magnetic, gravity and chargeability anomaly, supporting initial drill targeting as permits and community access advance.
Coppernico Metals (OTCQB: CPPMF, TSX: COPR) reported an exploration update for the Tipicancha copper-gold target at the Sombrero Project in Peru.
Mapping now interprets a >4 km by ~1.5 km hydrothermal footprint, with vertically zoned alteration, a laterally extensive pyrite-rich horizon, and localized near-surface copper enrichment up to 0.44% Cu in shallow pits, supporting drill targeting in coming months.
Coppernico Metals (OTCQB: CPPMF) acquired an option on 600 ha (Horizonte Concessions) adjacent to its Tipicancha target at Sombrero, Peru, and staked an additional 1,400 ha in 2025, expanding the Tipicancha footprint to ~2,000 ha of new ground.
The option grants immediate exploration rights, staged US$3.0M in work over five years, total vendor payments of US$2.0M, and a retained 1% NSR (reducible to 0.5% for US$1.0M). Historical surface sampling and three short RC holes show alteration and anomalous metals but are unverified.
Coppernico Metals (OTCQB: CPPMF) reports gravity, magnetic and photogrammetry surveys at its Sombrero Project (Peru) that refine 3D architecture and structural controls of multiple large skarn‑porphyry targets between Antapampa and Tipicancha.
Key highlights: a ~700 m magnetite‑rich skarn at Fierrazo, >1.5 km Nioc skarn‑porphyry target (untested), Tipicancha lithocap with >1.5 km alteration, planned initial drill programs of ~2,000–2,500 m (potential expansion), and advancing permits and community agreements for 2026–2027 drilling.
Coppernico Metals (OTCQB: CPPMF, TSX: COPR) will participate in the Vancouver Resource Investment Conference on January 25-26, 2026 at the Vancouver Convention Centre. The company will staff Booth #124 and host meetings with investors.
On January 26, Chair and CEO Ivan Bebek will deliver a 10-minute corporate presentation at 1:30 p.m. in Workshop 3 covering Coppernico’s strategy and progress at the Sombrero copper-gold project in Peru. Later that day he will join the Copper Forecast Panel at 3:50 p.m. in the Speaker Hall to discuss copper fundamentals, supply/demand dynamics, and the role of new discoveries.