Horizon Copper Stock Price, News & Analysis

Horizon Copper (OTCQB: HNCUF) has announced a significant acquisition arrangement where Royal Gold will acquire all outstanding Horizon shares (except those held by Sandstorm Gold) and warrants through its subsidiary AcquireCo. Shareholders will receive C$2.00 per share, while warrantholders will receive C$2.00 less the exercise price per underlying share.

The all-cash transaction valued at US$196 million represents an 85% premium to the 20-day VWAP and a 72% premium to the closing price as of July 4, 2025. The special meeting for securityholders to vote on the arrangement will be held on October 9, 2025. The Board of Directors unanimously recommends voting FOR the arrangement, citing significant premium, certainty of value, and immediate liquidity as key benefits.

[ "All-cash transaction valued at US$196 million with no financing condition", "85% premium to 20-day VWAP and 72% premium to closing price", "Immediate liquidity and certainty of value for securityholders", "Unanimous board recommendation in favor of the arrangement" ]

Horizon Copper (OTCQB: HNCUF) has announced that Royal Gold will acquire all outstanding shares of the company for C$2.00 per share in an all-cash transaction valued at approximately US$196 million. The offer represents a significant 72% premium to Horizon's closing price on July 4, 2025, and an 85% premium to the 20-day VWAP.

The transaction is part of a larger deal where Royal Gold will also acquire Sandstorm Gold in an all-share transaction valued at US$3.5 billion. Both transactions are conditional upon each other's completion. The deal requires approval from 66 2/3% of Horizon shareholders, with key stakeholders controlling 54% of shares already agreeing to vote in favor.

The transaction is expected to close in Q4 2025, subject to regulatory approvals and closing conditions. Upon completion, Horizon shares will be delisted from TSX-V.

Royal Gold (NASDAQ: RGLD) has announced agreements to acquire Sandstorm Gold Ltd. and Horizon Copper Corp. in transactions valued at approximately $3.5 billion and $196 million respectively. The Sandstorm acquisition involves a share exchange ratio of 0.0625 Royal Gold shares per Sandstorm share, representing a 21% premium, while Horizon shareholders will receive C$2.00 per share in cash, a 85% premium.

The combined transactions will add 40 producing assets to Royal Gold's portfolio, expected to contribute 65,000-80,000 gold equivalent ounces in 2025, increasing production by approximately 26%. The pro forma company will have 80 revenue-producing assets, with no single asset accounting for more than 13% of NAV, making it the most diversified portfolio in the streaming and royalty sector.

Post-transaction, Royal Gold shareholders will own approximately 77% and Sandstorm shareholders 23% of the combined company. The pro forma revenue mix will be approximately 87% from precious metals, with gold contributing 75% of total revenue.

Horizon Copper (HNCUF) has reported exceptional drill results from the Hugo North Extension (HNE) at the Oyu Tolgoi mine in Mongolia. Key highlights include underground drill holes showing up to 169.3 metres grading 2.72% copper and 0.82 g/t gold, and a surface drill hole yielding 552 metres grading 2.30% copper and 1.45 g/t gold. The drilling program, conducted between 2022-2024, comprised one surface diamond drill hole and five underground diamond drill holes targeting mineralization within the potential Lift 2 block cave. The HNE deposit, part of Panel 1, has begun underground development with approximately 152 metres completed as of April 30, 2025. Underground production is expected to commence in 2027, with Lift 1 mine ramp-up progressing on schedule.

Horizon Copper Corp (OTCQX: HNCUF) has provided updates on its key copper assets. The operator SSR Mining plans to invest $60-100 million in 2025 for early-works construction at the Hod Maden copper-gold project in Türkiye, where Horizon holds a 30% interest. Horizon expects to fund its portion through cash, operating flows, and credit facilities.

The company reported significant drilling results from the Hugo North Extension, with notable intersections including 164 meters grading 1.36% copper and 0.42 g/t gold. Additional drilling at the Heruga deposit showed 409.9 meters grading 0.36% copper and 0.32 g/t gold, suggesting the deposit remains open to the west.

The company has also engaged ICP Securities for automated market-making services and amended terms of its promissory notes, including extensions on interest holiday and credit facility availability during Hod Maden's development.

Horizon Copper (HNCUF) announces a favorable arbitration outcome for Entrée Resources regarding its Joint Venture Agreement (JVA) on the Oyu Tolgoi copper project in Mongolia. The international arbitration Tribunal issued a partial final award on December 19, 2024, upholding key aspects of Entrée's JVA with Oyu Tolgoi (OTLLC). The ruling confirms OTLLC's obligations to provide an executed JVA copy and facilitate the transfer of the Shivee Tolgoi and Javhlant mining licenses. Additionally, any taxes and fees for the license transfer will be subject to JVA terms, with OTLLC contributing Entrée's 20% share as a loan. Horizon Copper maintains 24% equity ownership in Entrée, providing exposure to the Hugo North Extension of the Oyu Tolgoi mine.

Horizon Copper Corp. (TSXV: HCU) (OTCQX: HNCUF) has announced the granting of 1,240,000 Restricted Share Rights (RSRs) to its officers, directors, employees, and consultants under the Company's Equity Incentive Plan. The RSRs will vest in three equal annual tranches over a three-year period, with the first vesting occurring on the first anniversary of the grant date.

Horizon Copper reports development updates from its portfolio assets. At the Hugo North Extension, underground development work has begun at Oyu Tolgoi Lift 1 Panel 1, with up to 212 metres of lateral development planned. Recent drill results show significant high-grade mineralization, including hole EGD 174 intersecting 448 metres grading 1.31% copper. At Hod Maden, where Horizon owns a 30% interest, SSR Mining spent US$10.9 million on pre-construction works in Q3 2024 and plans to outline its 2025 capital expenditure forecast in early 2025.

Horizon Copper Corp. (TSX-V: HCU) (OTCQX: HNCUF) has secured a $30 million revolving credit facility with an additional $20 million accordion feature, totaling up to $50 million in potential financing. The four-year facility, provided by National Bank of Canada and The Bank of Nova Scotia, matures in September 2028 and is extendable. Horizon plans to use the funds for future asset acquisitions, Hod Maden project development, and general corporate purposes. The loan's interest rate is set at SOFR plus 2.50%–3.75%, with a standby fee of 0.56%–0.84% on undrawn amounts. The company must maintain a leverage ratio below 4.0x, excluding debt held by Sandstorm Gold