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. reports exploration and development updates for its Canadian copper-focused project portfolio, including the Opemiska and Thierry Copper projects. Company news commonly centers on drill results, mineralized zones, geological reinterpretation, induced polarization survey work, and resource-definition activity across the Opemiska district, the Cooke Zone, and Thierry's K1 and K2 areas.
Recurring updates also address project infrastructure context, community and regional development discussions around Chapais and northern Quebec, investor relations arrangements, industry conference participation, capital-structure matters, shareholder voting, governance, and operating and financial results.
XXIX Metal Corp announces a 20-hole drill program at the Saddle Zone within the Opemiska open pit, following a significant intersection of 5.94% Copper Equivalent over 11 metres discovered in January 2025. The program aims to expand the project's high-grade copper resource, building upon the 2024 Mineral Resource Estimate which includes Measured & Indicated Resources of 2.09 billion lbs of copper equivalent in 97.5 million tonnes.
The Saddle Zone, located between Perry and Springer Zones, shows potential for resource expansion through converting current waste material into ore. The drilling program is strategically planned before commissioning a Preliminary Economic Assessment (PEA), as results could significantly enhance the project's engineering and economics. The program will investigate a structurally controlled, mineralized envelope within a northwest trending fault, with drilling expected to commence in February 2025.
XXIX Metal Corp (OTCQB: QCCUF) has outlined its strategic goals for 2025, focusing on advancing its two main copper projects. At Opemiska Project in Quebec, the company plans a 3,400-meter drill program in the Saddle Zone starting February, following a completed scoping study in 2024. The project includes work on Cooke and Robitaille Zones, with drilling at Cooke expected in Q2.
At the Thierry Project in Ontario, XXIX has completed revalidation of the K1 deposit, revealing mineralization up to 230 meters wide, extending 1.2 kilometres along strike. The company plans 100km of IP surveys and a drill program for an updated Mineral Resource Estimation. The K2 deposit revalidation is ongoing, with historical reports of 23.7 Mt at 1.64% Cu. The company is also evaluating the Roger Gold Project, which has 330,000 ounces of indicated equivalent gold ounces and 202,000 inferred equivalent gold ounces.
XXIX Metal Corp has announced its listing on the Frankfurt Stock Exchange (FSE) under the ticker symbol '5LW0'. The company, which is already listed on TSXV and OTCQB markets, expands its presence to Europe's largest trading center. The FSE, operated by Deutsche Borse AG, represents Germany's largest stock exchange. According to CEO Stephen Stewart, this listing will make XXIX more accessible to European investors interested in Canadian copper developers.
XXIX Metal Corp has announced significant drill results from its 3-hole program at the Saddle Zone, located between the past-producing Springer and Perry mines at the Opemiska project. The highlight intersection includes 11 metres of 5.3% Cu and 1.20 g/t Au from 81 metres in hole OPM-24-281.
The Saddle Zone, currently part of Opemiska's conceptual open pit outlined in the January 2024 Mineral Resource Estimate, is relatively underexplored and features differently oriented veins compared to Springer and Perry. The recent drilling results support the company's new geological thesis, indicating potential for resource expansion.
The results suggest a structurally controlled, mineralized envelope within a north-west trending fault. This new interpretation represents potential upside to Opemiska's current resource model by potentially converting previously interpreted waste into ore. The company plans a larger drill program to further confirm the vein orientation in the Saddle Zone.
XXIX Metal Corp has completed the acquisition of the remaining 50% ownership in the Roger Gold-Copper Project in Chibougamau, Quebec, achieving 100% ownership. The project spans 987 hectares and is located 5km from Chibougamau's historic mining center, with easy access and power infrastructure.
The Roger Project features a NI 43-101 compliant resource with Indicated Resources of 10.9M tonnes at 0.85 g/t gold (297,000 oz) and Inferred Resources of 6.57M tonnes at 0.75 g/t gold (159,000 oz). The acquisition terms include an initial payment of $75,000 and future share-based payments totaling $1.6M over four years. XXIX has also granted SOQUEM a 2% NSR, which can be repurchased in two 1% tranches for $1.5M and $3M respectively.
XXIX Metal Corp (TSXV: XXIX, OTCQB: QCCUF) announced that effective December 11, 2024, its common shares will trade under the new ticker symbol 'XXIX' on the TSX Venture Exchange, changing from 'QCCU'. The ticker change reflects the company's rebranding following its acquisition of Cuprum Corp and its Thierry copper project in Pickle Lake, Ontario. The change includes new CUSIP (901320101) and ISIN (CA9013201012) numbers. No action is required from shareholders regarding this change.
CEO Stephen Stewart highlighted that with the acquisition and rebranding complete, XXIX aims to develop both Opemiska and Thierry projects, positioning the company as one of Eastern Canada's largest copper developers.
XXIX Metal Corp (TSXV: QCCU) (OTCQB: QCCUF) has completed the acquisition of Cuprum Corp in an all-share transaction, establishing itself as one of Eastern Canada's largest copper resource developers. The deal includes Cuprum's 100% owned Thierry Copper Project, complementing XXIX's existing Opemiska project. The company issued 83,906,251 common shares at a price of $0.13 per share, with a 1.1538 exchange ratio for each Cuprum share.
As part of the transaction, the company has rebranded from QC Copper and Gold to XXIX Metal Corp, with trading under the new ticker symbol 'XXIX' set to commence on December 11, 2024. Following the acquisition, XXIX has 258,277,607 common shares outstanding.
QC Copper and Gold (TSXV: QCCU) (OTCQB: QCCUF) announced that shareholders have overwhelmingly approved the acquisition of Cuprum Corp at a special meeting held on December 4, 2024. Over 99% of disinterested shareholders voted in favor of the acquisition resolution. The company also received approval for its restricted share unit plan and new stock option plan.
Following the completion of the acquisition, expected around December 5, 2024, the company will undergo a name change to XXIX Metal Corp and its ticker symbol will change to XXIX on the TSX Venture Exchange. The acquisition approval was carried out by ballot and excluded votes from non-arm's length parties to QC Copper or the Acquisition.
QC Copper and Gold announces completion of a core resampling program at the Thierry Copper Project's K1 Zone. The program examined approximately 1,100 metres of historical core, including 690 samples across 34 historical drill holes from 2002-2023. The initiative targets previously unsampled areas containing low-grade and disseminated mineralization, which was overlooked by previous companies focused on K2 Zone's high-grade mineralization. The program costs approximately 6% of an equivalent $2.4M twinning program. Mineralization in K1 consists of disseminated pyrite and chalcopyrite, with some areas showing 1-5% pyrite and up to 1% chalcopyrite.
QC Copper and Gold (QCCUF) announces significant progress in its acquisition of Cuprum Corp., with over 90% of Cuprum shareholders approving the merger. The deal, expected to close in early December 2024, will create one of Eastern Canada's largest copper developers. Cuprum shareholders will receive 1.1538 QC Copper shares for each Cuprum share. The merger awaits QC Copper shareholder approval at a Special Meeting on December 4, 2024. Post-merger, the company will rebrand as XXIX Metal Corp, implementing a dual-asset strategy focusing on the Opemiska Project and Thierry Project. The acquisition is expected to increase QC Copper's copper resource base by approximately 70%.