Welcome to our dedicated page for XXIX METAL news (Ticker: QCCUF), a resource for investors and traders seeking the latest updates and insights on XXIX METAL stock.
XXIX Metal Corp. (QCCUF) delivers essential updates for stakeholders tracking Canadian copper development. This comprehensive news hub aggregates official announcements, project milestones, and strategic developments from the company advancing high-grade assets including Opemiska and Thierry.
Investors and analysts will find curated updates on resource estimates, exploration progress, and corporate transactions. Our collection spans technical reports, acquisition disclosures, and operational updates – all verified through primary sources to ensure regulatory compliance and factual accuracy.
The repository features:
• Project-specific developments across Quebec and Ontario operations
• Strategic acquisition announcements and asset consolidation updates
• Resource estimate revisions with NI 43-101 technical reports
• Infrastructure enhancements and community engagement initiatives
Bookmark this page for direct access to unfiltered operational updates from Canada's evolving copper development sector. Regular monitoring ensures timely awareness of material developments affecting XXIX Metal Corp.'s growth trajectory.
XXIX Metal Corp (OTCQB: QCCUF) thanked Chapais residents for attending public consultations on October 21–22, 2025, as it presented the Preliminary Economic Assessment (PEA) for the Opemiska Copper Project.
Key PEA metrics include an after-tax NPV (8%) of C$505M, after-tax IRR 27.2%, 2.3-year payback on C$617M initial capital, and spot-price case NPV of C$897M with a 39.3% IRR. Early years average annual production: 59M lbs Cu, 34,000 oz Au, 174,000 oz Ag; C1 cash cost US$1.03/lb (first six years). Opemiska anticipates >C$3.5B investment over ~20 years and a 12,500 tpd, 17-year mine plan. Company committed to further workshops, newsletters and a monitoring committee.
XXIX Metal (OTCQB: QCCUF) announced a Preliminary Economic Analysis for the Opemiska copper project (Chapais, Québec) on October 21, 2025. The PEA models a 17-year open-pit mine at 12,500 t/d with 715 million payable pounds of copper, 409 koz gold and 2.08 Moz silver.
Base-case after-tax economics show NPV8% C$505M, IRR 27.2% and a 2.3-year payback; spot pricing boosts NPV8% to C$897M and IRR to 39.3%. Initial capex is C$617M (net C$467.7M after a potential C$149.6M CTM-ITC). C1 cash cost is US$1.03/lb Cu (Years 1–6) and US$1.40/lb LOM. The study is preliminary and includes inferred resources.
XXIX Metal Corp (OTCQB:QCCUF) has announced plans to commence a 6,000-metre drill program at its Cooke Gold Zone within the Opemiska copper project in October 2025. The program will include up to 34 holes, with approximately 23 holes (4,500 metres) focused on the Cooke zone.
The Cooke zone, a former Falconbridge gold mine that historically produced 1.97 million tonnes at 5.04 g/t gold and 0.66% copper, features an intact crown pillar of up to 250 metres, suggesting potential for high-grade near-surface gold mineralization. This represents the first systematic drilling at Cooke since its closure.
The program aims to expand Opemiska's current gold inventory, which stands at 634,000 ounces in Indicated Resources (62,706 kt @ 0.31 g/t Au) and 419,000 ounces in Inferred Resources (78,485 kt @ 0.17 g/t Au).
XXIX Metal Corp (OTCQB: QCCUF) has completed its acquisition of a 19.9% stake in Kintavar Exploration through the sale of its Roger Project. The transaction, valued at $2,137,500, resulted in XXIX receiving 42,750,000 shares of Kintavar without dilution.
The Roger Project, spanning 987 hectares in Quebec's Chibougamau mining district, contains a historical resource estimate of 333 Koz AuEq indicated and 202 Koz AuEq inferred. Kintavar, now well-financed with $3.8 million in cash and investments, will focus on developing Roger under new leadership.
XXIX plans to monetize its Kintavar shares opportunistically and is advancing its core projects, including the completion of Opemiska's PEA in October 2025 and a 15,000-metre drill program at Thierry's K1 deposit in Q1 2026.
XXIX Metal Corp (OTCQB:QCCUF) has announced fully-funded exploration programs at its Opemiska and Thierry Copper Projects. The company plans a 15,000-metre drill program at the K1 deposit (Thierry) in Winter 2025 and a 5,000-metre drill program at Cooke (Opemiska) in Fall 2025.
The K1 deposit currently holds an inferred resource of 53.6 million tonnes grading 0.38% copper and other minerals. At Opemiska, the company reports a pit-constrained resource of 62.7 million tonnes at 1.04% CuEq (Indicated) and 78.4 million tonnes at 0.41% CuEq (Inferred).
A Preliminary Economic Assessment (PEA) for Opemiska, led by Ausenco, is targeted for October 2025, marking the first economic evaluation since 1991. The company is fully funded for 2025/2026 exploration following a recent $6M financing.
XXIX Metal Corp (OTCQB: QCCUF) has filed an updated NI 43-101 technical report for its 100% owned Opemiska Project in Quebec's Chapais-Chibougamau District. The report reveals significant resource improvements, with a pit-constrained resource of 1.4 billion pounds CuEq (Indicated: 62,706 kt @ 1.04% CuEq) plus 709 million pounds CuEq (Inferred: 78,485 kt @ 0.41% CuEq).
The total resource now stands at 1.7 billion pounds CuEq (Indicated: 69,653 kt @ 1.12% CuEq) plus 746 million pounds CuEq (Inferred: 80,615 kt @ 0.42% CuEq). The update demonstrates a 12% increase in pit-constrained resources within a more compact pit shell, featuring a significantly reduced strip ratio due to the inclusion of lower-grade stockwork mineralization.
XXIX Metal Corp (OTCQB: QCCUF) has announced an agreement to sell its 100% interest in the 987-hectare Roger Project to Kintavar Exploration for $2,137,500, to be paid entirely in Kintavar shares. Through this transaction, XXIX will acquire a 19.9% stake in Kintavar without any dilution or new share issuance.
The Roger Project, located in the Chibougamau mining district, contains significant resources including 333,000 ounces of gold-equivalent in Indicated Resources and 202,000 ounces in Inferred Resources. The deal involves XXIX transferring its option to acquire the remaining 50% interest in Roger to Orecap.
Post-transaction, Kintavar will have over $3.6 million in cash and will focus on gold exploration in eastern Chibougamau. The transaction is expected to close in June 2025, subject to regulatory approvals and other conditions.
XXIX Metal Corp announced key leadership changes with Guy Le Bel appointed as Chief Executive Officer, succeeding Stephen Stewart who transitions to Chair of the Board and Strategic Advisor. Le Bel, previously serving as President, brings over 30 years of experience in mine development from companies like Capstone Mining Corp and Quadra FNX Mining
Additionally, Denis McNichols has been promoted to Vice President of Exploration, replacing Charles Beaudry who remains on the Board. McNichols has been instrumental in advancing both the Opemiska Copper Project and Thierry Projects.
These appointments align with XXIX's strategic focus on operational execution and development of their Eastern Canadian copper assets, with Le Bel set to oversee operations and strategic planning, particularly advancing Opemiska through engineering, permitting, and production stages.
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