Welcome to our dedicated page for King Copper Discovery news (Ticker: TBXXF), a resource for investors and traders seeking the latest updates and insights on King Copper Discovery stock.
King Copper Discovery Corp. (TBXXF), listed on the TSX Venture Exchange as KCP, regularly issues news releases detailing its progress as a South America–focused mineral exploration company. The company’s updates emphasize its flagship Colquemayo copper-gold-silver project in southern Peru and related technical, corporate and financing developments.
Readers of this news feed can follow announcements on exploration activities at Colquemayo, including re-logging of historic drill core, geological modelling, target generation and the design of new drill programs. The company also reports on permitting and environmental work, such as baseline studies and preparation of the Declaración de Impacto Ambiental (DIA), as well as access and collaboration agreements with local communities like Palcamayo and Amata.
King Copper’s news also covers corporate actions, including its transition from the Turmalina Metals name to King Copper Discovery Corp., symbol changes on the TSXV, and non-brokered private placement financings. These releases outline how proceeds are intended to support exploration at Colquemayo and general working capital, and may describe participation by insiders or strategic investors.
Investors can additionally track management and board changes, such as the appointment of senior technical consultants with extensive Latin American exploration experience and directors with backgrounds in mining finance and governance. For anyone monitoring TBXXF or KCP, this page brings together the company’s official news flow on project milestones, technical team developments and capital markets activity in one place.
King Copper Discovery (TSXV:KCP; OTCQB:TBXXF) closed a non-brokered private placement of 25,000,000 Units at $0.60 per Unit, generating aggregate gross proceeds of $15,000,000. Each Unit includes one common share and one warrant exercisable at $0.98 for two years. Issued securities are subject to a statutory four-month hold. Insiders subscribed for 150,000 Units for $90,000; the company relied on exemptions under MI 61-101 for related-party participation. Net proceeds will be used for general working capital and ongoing assessment of multiple copper exploration and development opportunities in South America.
King Copper Discovery Corp. (OTCQB:TBXXF) has strengthened its technical team with two key appointments ahead of a planned 15,000-metre drill program at its Colquemayo project. Sebastian Cadile joins as Senior Consultant for Sustainability & Support Services, bringing over 20 years of Latin American mining experience, including management of USD $1B+ projects. Dr. Paulo Ravacci Pires joins as Senior Consultant for Geology, contributing over 30 years of exploration expertise and a PhD in metallogenesis and geochemistry.
These appointments complement the existing technical leadership team, which includes VP Exploration Chico Azevedo and Senior Technical Advisor Doug Kirwin.
King Copper Discovery Corp. (OTCQB:TBXXF) has announced the appointment of Justin Blanchet to its Board of Directors. Blanchet, currently serving as CFO of K92 Mining Inc., brings over 20 years of experience in finance, capital markets, M&A, governance, and regulatory compliance.
Additionally, the Company has granted 4,050,000 stock options at $0.50 per share with a five-year term and 6,990,000 restricted stock units (RSUs) with a two-year vesting period to directors, employees, and consultants.
[ "Appointment of experienced mining professional with over 20 years of expertise", "Current CFO of K92 Mining brings valuable operational and financial expertise", "Strong treasury position highlighted by new board member" ]King Copper Discovery Corp. (OTCQB:TBXXF) has successfully closed a non-brokered private placement offering, raising $15 million through the issuance of 65,217,390 common shares at $0.23 per share.
A strategic investor has acquired a 9.99% ownership stake in the company and secured rights to maintain their ownership percentage in future financings and potentially nominate board members. Company insiders participated by subscribing for 300,000 shares worth $69,000. The proceeds will fund exploration activities, including diamond drilling at the company's flagship Colquemayo copper-gold project.
The shares are subject to a four-month hold period expiring on January 16, 2026. The company paid $111,141 to eligible arm's-length finders, and the private placement awaits final TSX Venture Exchange approval.
King Copper Discovery Corp. (KCP-TSXV, TBXXF-OTCQB) has appointed Doug Kirwin as Lead Strategic and Technical Advisor. Kirwin, with a 50-year career, was formerly Executive Vice President at Ivanhoe Mines and has led teams that discovered multiple significant mineral deposits, including the Hugo Dummett ore body at Oyu Tolgoi.
The company's flagship Colquemayo copper-gold-silver project in Southern Peru covers 6,600 hectares of mineralized territory. Notable historical drilling results include:
- 237.3m @ 2.4% Cu, 0.08 g/t Au & 10 g/t Ag
- Including 31.3m @ 14.8% Cu, 0.2 g/t Au & 47 g/t Ag
The company has initiated environmental baseline studies through INSIDEO for drill permit applications and maintains community relations with Palcamayo and Amata. James Rogers has resigned as Director.
King Copper Discovery Corp. (KCP-TSXV, TBXXF-OTCQB, 3RI-FSE) has officially changed its name from Turmalina Metals Corp., effective March 11, 2025. The company's focus is on the Colquemayo copper-gold-silver project in Southern Peru, covering 6,600 hectares of road-accessible terrain.
The project shows significant potential with historical drilling results including:
- 237.3m @ 2.4% Cu, 0.08 g/t Au & 10 g/t Ag
- Including 15.15m of 27% copper
The company is currently designing a drill program based on the re-logging of 20,000 metres of historic drill core. Environmental baseline studies have been completed by INSIDEO for permit applications. Additionally, the company has granted 6.8 million stock options to officers, directors, employees, and consultants at $0.15 per share with a five-year term.
Turmalina Metals Corp. (TBXXF) announces a corporate name change to King Copper Discovery Corp., effective March 11, 2025, with a new trading symbol KCP on TSXV. The change reflects the company's focus on the Colquemayo copper-gold-silver project in Southern Peru.
The project, spanning 6,600 hectares, features significant mineralization with historic drill results including:
- 237.3m @ 2.4% Cu, 0.08 g/t Au & 10 g/t Ag
- 161.2m @ 3.4% Cu, 0.09 g/t Au & 14 g/t Ag
- 31.3m @ 14.8% Cu, 0.2 g/t Au & 47 g/t Ag
The company has initiated baseline fieldwork and engaged INSIDEO for environmental impact assessment studies, important for drill permit applications. The project shows potential for both high-grade epithermal mineralization and an underlying copper porphyry system.
Turmalina Metals Corp (TBX-TSXV, TBXXF-OTCQX) has successfully closed its non-brokered private placement offering, raising $5 million through the issuance of 100 million common shares at $0.05 per share. The proceeds will fund the company's property costs and working capital needs.
The offering included participation from company insiders, with two directors and an officer-controlled corporate subscriber acquiring 8.5 million shares for $425,000. Additionally, 1,746,500 shares were issued to eligible arm's length finders. All issued securities are subject to a four-month-plus-one-day statutory hold period.
The company has announced plans to rebrand as King Copper Discovery Corp, with its TSX Venture Exchange trading symbol changing to 'KCP'.
Turmalina Metals Corp has begun initial fieldwork at the Colquemayo Project in Peru following finalized access agreements with local communities. The project, located in Moquegua Province, features historic drill results including notable intersections of 237.3m at 2.4% Cu, with higher-grade sections.
The 6,600-hectare property contains multiple epithermal and porphyry targets. INSIDEO, a Lima-based environmental consultant, has started environmental baseline studies and is working on the Declaración de Impacto Ambiental permit required for drilling. The exploration team is currently relogging 15,000m of existing drill core to develop a geological model for future drilling phases.
Additionally, the company is exploring options to monetize its San Francisco project in Argentina, including potential joint venture partnerships.
Turmalina Metals Corp. (TBX-TSXV, TBXXF-OTCQX) has received TSXV approval for its Mineral Property Option Agreement with Compania De Minas Buenaventura S.A.A. The agreement grants Turmalina's subsidiary the option to acquire 100% interest in the Colquemayo Project, consisting of nine mining concessions in Peru.
To exercise the option, Turmalina must:
- Pay US$1,560,000 in cash over four years
- Incur $6,200,000 in exploration expenditures