Granite Creek Co Stock Price, News & Analysis

GCXXF was the OTC Pink symbol for Granite Creek Copper Ltd., a growth-stage exploration company focused on mineral projects in North America. According to multiple company news releases, Granite Creek concentrated on exploration and development of critical minerals, with a particular emphasis on copper, gold, molybdenum, nickel, platinum group metals (PGMs), and, more recently, geologic hydrogen. The company’s shares traded on the TSX Venture Exchange under the symbol GCX and on the OTC markets under GCXXF.

Granite Creek described itself as a member of the Metallic Group of Companies and highlighted a portfolio of projects in Canada and the United States. Its flagship asset was the Carmacks copper-gold-silver project in the Minto copper district of Yukon Territory, Canada. Company disclosures state that the Carmacks project covered approximately 177 square kilometers and was located on trend with the formerly operating, high-grade Minto copper-gold mine. Granite Creek reported a National Instrument 43-101 compliant resource and a Preliminary Economic Assessment on Carmacks, positioning it as an advanced-stage exploration and development project.

Historical Business Focus

Granite Creek’s news releases describe a business strategy centered on acquiring and advancing exploration properties that host, or have the potential to host, precious, base, and battery metals. Over time, the company expanded this focus to include projects with potential for carbon sequestration and geologic hydrogen production. In several announcements, Granite Creek stated that it aimed to be among the companies with first-mover advantage in geologic hydrogen exploration, leveraging geological expertise from its employees, consultants, and specialized advisors.

Beyond Carmacks, Granite Creek held the LS molybdenum project and the Star copper-nickel-PGM project in central British Columbia. Company communications describe the Star project as underlain by ultramafic rocks prospective for copper, nickel, cobalt, PGMs, and gold, as well as carbon sequestration and geologic hydrogen production. Granite Creek also pursued additional ultramafic and hydrogen-focused opportunities, including the Union Bay project and a letter of intent to acquire the Duke Island ultramafic project in Alaska, with both projects noted as prospective for critical minerals, carbon sequestration, and geologic hydrogen.

Geologic Hydrogen and Technology Collaborations

According to company news, Granite Creek incorporated a wholly owned subsidiary, Element One Hydrogen Ltd., to advance geologic hydrogen exploration. The company reported research and acquisition efforts in several North American jurisdictions for projects prospective for stimulated hydrogen from ultramafic rocks and for accumulations of hydrogen in the subsurface.

Granite Creek also announced collaborations with research organizations. One series of releases describes participation in a technology development project titled “Development of Extraction and Carbonation Technology for Ultramafic Rocks,” led by Kemetco Research Inc. with funding from Natural Resources Canada’s Energy Innovation Program. In this project, Granite Creek agreed to supply material from the Star Ni-Cu-PGE project for laboratory and pilot-scale work targeting enhanced metal extraction and permanent carbon sequestration via carbonation of magnesium silicate minerals.

In another collaboration, Granite Creek provided rock samples from the Star project to New England Research Inc. (NER) for studies under a U.S. Department of Energy ARPA‑E geologic hydrogen program. Company disclosures explain that these samples would be used to help design and optimize engineered stimulation of subsurface hydrogen in ultramafic settings.

Project Portfolio and Transactions

Granite Creek’s news flow shows active management of its project portfolio. The company announced the acquisition of the Union Bay PGM-Ni project in southeastern Alaska through staking, and a letter of intent to acquire the Duke Island Cu-Ni-PGE project, subject to a definitive agreement and regulatory approvals. Both projects were described as ultramafic complexes with critical minerals potential and suitability for geologic hydrogen and carbon sequestration research.

The company also reported the incorporation of Element One Hydrogen Ltd. and an option agreement granting another party the right to acquire a 100% interest in the Union Bay hydrogen project, subject to a royalty. Later, Granite Creek disclosed a sale and purchase agreement with Buscando Resources Corp. for the sale of Element One Hydrogen Corp., including the Union Bay and Star hydrogen projects and the Element One Hydrogen brand, in exchange for cash consideration, while retaining certain reimbursement and payment rights related to prior work and option agreements.

Merger with Cascadia Minerals Ltd.

Subsequent news releases document a significant corporate transaction affecting GCXXF. Granite Creek and Cascadia Minerals Ltd. announced a definitive arrangement agreement under which Cascadia would acquire 100% of the issued and outstanding Granite Creek shares in an all‑share transaction. The arrangement contemplated that each Granite Creek share would be exchanged for 0.25 of a Cascadia share, subject to court, securityholder, and regulatory approvals. Granite Creek later reported that its securityholders approved the plan of arrangement by a substantial majority.

A later joint announcement from Cascadia and Granite Creek states that the plan of arrangement became effective, with Cascadia acquiring all issued and outstanding Granite Creek shares and merging Granite Creek into Cascadia. Under the terms described, former Granite Creek shareholders received Cascadia shares based on the agreed exchange ratio, and Granite Creek’s outstanding stock options and warrants were adjusted into Cascadia securities. The combined entity was described as a Yukon-focused copper-gold exploration and development company, with the Carmacks Project identified as Cascadia’s flagship asset.

As a result of this completed business combination, GCXXF represents a former trading symbol associated with Granite Creek Copper prior to its merger into Cascadia Minerals. Investors researching GCXXF today are generally reviewing the historical record of Granite Creek’s exploration activities, project portfolio, and the steps that led to its integration into Cascadia.

Sector and Industry Context

Based on the provided classification, GCXXF is associated with the Mining, Quarrying, and Oil and Gas Extraction sector and the Dimension Stone Mining and Quarrying industry category. However, Granite Creek’s own disclosures consistently describe a focus on exploration and development of copper, gold, molybdenum, nickel, PGMs, and related critical minerals, along with emerging work in geologic hydrogen and carbon sequestration technologies in ultramafic rock settings.

Status of GCXXF Symbol

Company news explicitly indicates that Granite Creek was acquired by Cascadia Minerals Ltd. through a court‑approved plan of arrangement under the Business Corporations Act (British Columbia). While no specific delisting notice is provided in the supplied materials, the completion of the arrangement means that GCXXF functions as a historical symbol for Granite Creek Copper. For ongoing corporate and project information following the merger, investors would refer to Cascadia Minerals and its current trading symbols as described in the news releases.