Gunnison Copper Stock Price, News & Analysis

Gunnison Copper Corp. (TSX: GCU) (OTCQB: GCUMF) has appointed two new members to its Board of Directors: Jason Howe and Joseph Gallucci. Howe, a CPA with over 20 years of experience, was a co-founder of Capstone Mining Corp. where he led $2 billion in transactions in 2021. Gallucci, an MBA holder and capital markets executive, brings 20+ years of investment banking and equity research experience, currently serving as Managing Director at Laurentian Bank Securities.

These appointments align with Gunnison's strategy to strengthen its leadership with mining professionals having production and finance expertise, as the company prepares for copper production at Johnson Camp Mine in Q3 2025 and advances its open pit development plan.

Gunnison Copper Corp (GCUMF) has successfully completed a Second Amended and Restated Credit Agreement (Second ARCA) with Nebari Natural Resources Credit Fund I LP. The agreement modifies the previous First ARCA dated December 22, 2021, introducing key changes including:

• Suspension of principal amortization from February 1, 2025, to January 1, 2026
• Potential conversion of up to US$6.25 million of principal to equity at US$0.2097 per share
• Mechanism for principal repayment through proceeds from 48C tax credits sale
• Potential maturity date extension through refinancing

The amendments required several conditions, including Toronto Stock Exchange approval, Greenstone Resources L.P. and Triple Flag approval, deferral of convertible debenture interest payments, and commencement of a Gunnison Project optimization work program. All conditions have been met.

Gunnison Copper Corp. (TSX: GCU) (OTCQB: GCUMF) has announced an upcoming live virtual corporate update webinar hosted by Red Cloud Financial Services on April 22nd, 2025 at 2:00 PM ET.

The presentation will feature Senior VP & CFO Craig Hallworth and Senior VP Operations and General Manager Robert Winton, who will provide updates on the company's Gunnison and JCM projects in southeast Arizona. The webinar will include a live Q&A session, and a replay will be available to all registrants through Red Cloud's website.

Gunnison Copper Corp (OTCQB: GCUMF) has initiated high-value-add (HVA) work programs at its Gunnison Copper Project in Arizona. The fully funded programs, expected to take 3-6 months, include several key initiatives:

1. Gravel By-Product Revenue: Potential to generate $380M from selling 10% of 759 million tons of alluvial gravel at $5/ton

2. Limestone By-Product Revenue: Opportunity to generate $850M by selling 50% of 85 million tons of limestone at $20/ton

3. Mineralized Material Sorting: Preliminary testing showed 100% success in reducing acid consumption by removing 40-50% of unmineralized waste

4. Sulfide Investigation: Testing sulfide mineralization potential with Nuton (Rio Tinto Venture)

5. Permitting: State-level permit amendments for the project are being initiated

Gunnison Copper Corp (OTCQB: GCUMF) has successfully closed its non-brokered private placement, raising C$5.15 million through the issuance of 17,170,916 units at C$0.30 per unit. Each unit includes one common share and half a warrant, with full warrants exercisable at C$0.45 for 24 months.

This funding, combined with a previous US$3 million (C$4.29 million) non-dilutive transaction with Nuton, , brings total proceeds to C$9.44 million. The proceeds will fund the High Value Work Program, including drilling and metallurgical testing for the Gunnison Copper Project's pre-feasibility study.

The company paid finder's fees of 6% in cash (C$304,096) and 6% in finder warrants (1,013,655). The offering was made available to Canadian residents (except Quebec) under the Listed Issuer Financing Exemption, with no resale restrictions under Canadian securities laws.

Gunnison Copper Corp (GCUMF) has provided a construction update for its Johnson Camp Mine (JCM) in southeast Arizona. The company reports that construction activities are progressing on schedule to begin cathode production in Q3 2025. Mining of mineralized material began in January 2025 and is being stockpiled ahead of leach pad completion.

Phase-1 of the leach pad is complete, with phase-2 advancing. The company will install Nuton's processing equipment and begin stacking sulfide and oxide production mineralized material. A modern laboratory for on-site material and process analysis has been constructed and will begin ramping up in April. The leach pad spans approximately 8 million square feet, with dimensions of 1220m by 640m.

The company's HR department is focusing on local hiring to build the Gunnison team. Additionally, Board member Stephen Axcell has retired effective March 20, 2025, after serving since 2018.

Gunnison Copper Corp (GCUMF) has secured a $3 million non-dilutive funding agreement with Nuton, a Rio Tinto Venture, for testing at the Gunnison Project. The collaboration includes exclusive rights for Nuton's heap leach processing technologies for sulfide mineralization and potential Stage 2 extension at Johnson Camp Mine.

The agreement encompasses the allocation of 48C tax credits worth $13.9 million, with Gunnison potentially receiving up to $8 million after Nuton's allocation. Additionally, Gunnison has revised terms with Nebari, including deferral of principal payments for 2025 (saving $2.8M), conversion rights of up to $6.25M of principal into equity, and potential refinancing options extending to December 2029.

Gunnison Copper and Nuton , a Rio Tinto venture, have been awarded US$13.9 million in tax credits under the 48C program to expand copper production at the Johnson Camp Mine in Southern Arizona. The project, fully funded by Nuton, aims to produce up to 25 million pounds of finished copper cathode annually, with first production expected in mid-2025.

The tax credit is part of the US$10 billion funding under the Inflation Reduction Act of 2022, supporting clean energy manufacturing and critical materials projects. The credit can be monetized through sale or used to offset income tax liability. The allocation between Gunnison and Nuton will be determined in a future tax partnership agreement, with a two-year period to satisfy certification requirements.