CA Market News
3日前
Copper Fox Announces Positive Results from Schaft Creek Metallurgical Program and an Update on 2026 ProgramJuly 2, 2026 6:00 AM
NewsfileCalgary, Alberta--(Newsfile Corp. - July 2, 2026) - Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) (FSE: HPU) ("Copper Fox" or the "Company") is pleased to announce positive results from the continuing metallurgical program and a progress report on the 2026 Schaft Creek program. The metallurgical update discusses results of mineralogical characterization, comminution, bulk flotation, and locked cycle portions of the metallurgical program and plans for further metallurgical investigations. The Schaft Creek project is managed through the Schaft Creek Joint Venture ("SCJV"). Teck Resources Limited ("Teck") is the operator of the SCJV and holds a 75% interest with Copper Fox holding the remaining 25% interest. The Schaft Creek deposit, located in northwestern British Columbia, is one of the largest undeveloped porphyry copper deposits in North America that contains significant gold-molybdenum-silver by-products. Elmer B. Stewart, President and CEO of Copper Fox, stated, "The positive results from the metallurgical testwork demonstrate comparable metal recoveries at a coarser grind size. Additional studies are recommended to further optimize metallurgical performance related to mill throughput, metal production, and energy consumption, and will be evaluated as the project advances toward the Pre-Feasibility Study stage."Metallurgical Testwork HighlightsOpen circuit cleaner flotation tests indicate slightly lower copper and silver recoveries at a coarser primary grind of P80 161-210 µm, compared to a finer grind of P80 140-160 µm. The recovery of molybdenum and gold appears unaffected at the coarser grind size up to 210 µm.Copper recovery to the rougher floatation concentrate shows significant variability across feed grades ranging from 0.1 to 0.4% Cu.Chalcopyrite is the dominant copper sulphide mineral, with minor amounts of bornite and chalcocite. Pyrite content ranges from zero to 7.6%, with an average of approximately 0.4%.Liberation of copper-bearing minerals at the grind size of 80% passing 220 µm is 46%, slightly lower than the 47% at 152 µm.The mineralization is classified as hard to very hard based on Abrasion index and Bond Ball Work index ("BWi") indices.The higher ore hardness values may require increased mill power.Future Testwork RecommendationsBased on the results of the testwork, the following recommendations for future metallurgical programs were made: Continue evaluating a coarser primary grind size (P80 ~212 µm) to reduce grinding costs.Update geometallurgical domain classification to better understand variability in recovery across the deposit, especially at lower feed grades.Conduct more locked cycle tests at the coarser grind size to refine recovery and concentrate grade models.Further investigate gold occurrence and recovery.2026 Program
The primary focus of the 2026 program is to complete a technical review of key project components to determine project readiness to transition to the Pre-Feasibility Study ("PFS") stage. Key components of the program include updates to geological and metallurgical models and trade off studies related to tailings, mine plan and access roads. Metallurgical studies planned for 2026 will focus on refining geometallurgical domains within the Schaft Creek deposit, conducting coarse particle flotation testwork, and initiating a gold deportment study to better characterize gold distribution, particle size, and mineral associations. In addition, a trade-off study will be undertaken to evaluate the potential application of High-Pressure Grinding Roll ("HGPR") within the comminution circuit. The 2026 field program includes collection of environmental data to support future site planning and permitting. Upgrades to the camp to support future programs are also planned.A trade-off study evaluating several potential access routes to the project is currently underway, alongside a System Impact Study being conducted by BC Hydro. Additionally, an updated lithology model incorporating the 2024 and 2025 structural studies resulted in only minor refinements to the interpreted geology. Metallurgical Results
The metallurgical testwork program incorporates the work perform by the SCJV as well as test results completed by Copper Fox in the years 2005 to 2012. The testwork completed by the SCJV focused on metallurgical tests at the P80 at 210-micron grind size and consisted of comminution (grinding) tests, bulk flotation, and locked cycle testwork and mineralogical characterization on seventy-five variability samples and one composite sample. The flow sheet for the 2023-2024 testwork metallurgical testwork programs is shown in Figure-1. The flow sheet for the 2023-2024 testwork sample (BL-1286) consisted of bulk sulphide rougher flotation, fine regrinding on the bulk concentrate, and three stages of cleaner flotation. Figure-1: Flow sheet for 2023-2024 testwork program for the Schaft Creek Project.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2177/303570_36d6777f6455d904_001full.jpgMineralogy
The mineralogical analysis indicates chalcopyrite is the dominant copper sulphide mineral with minor amounts of bornite and rare chalcocite. Low concentrations of secondary copper minerals were identified in several samples. Molybdenite is the main molybdenum bearing mineral. The pyrite content ranged from zero to 7.6%, averaging approximately 0.4%.Hardness Tests/Comminution
Comminution (grinding) test results for 111 variability samples were reviewed in the study, and a variety of testing methods were used to determine the hardness of material and energy requirements to achieve a desired grind size to optimize metallurgical performance. The testwork indicates volcanic hosted mineralization shows greater hardness than breccia and intrusive hosted mineralization indicating higher mill power requirements. Copper sulphide mineral liberation at a grind size of 80% passing 220 µm is approximately 46%, only slightly lower than at 152 µm, supporting a coarser grind size for future work. The estimated liberation levels of copper minerals ranged from 39 to 51% in historical testwork at the grind size P80 of approximately 150 µm. Results indicate that the finer grind improves the liberation of copper sulphide minerals, but not significantly. Cu-Mo Bulk Flotation Tests
The study included rougher flotation testing on 75 variability samples. The testwork was completed using several different flotation collectors to find the optimal combination. Results indicate significant variability in copper recovery to the rougher flotation concentrate across feed grades ranging from 0.1 to 0.4% copper. The open circuit cleaner flotation tests show slightly lower recoveries of copper and silver at a coarser primary grind of P80 161-210 µm, compared to a finer grind of P80 140-160 µm.In 2023-2024, seven locked cycle tests ("LCT") were completed on 6 variability samples, and 1 composite sample representative of the expected life of mine grades at a primary grind size of 80% passing at 209 µm. Results show similar metal recoveries to previous tests from 2008 to 2012 at a finer grind size of 153 µm.Locked cycle tests are conducted to evaluate the effect of primary grind size on metal recovery. The LCT results showed that copper recovery dropped from 89 to 86% and silver recovery from 60 to 55% when the primary grind size was increased from 80% passing at 109 to 173 µm. However, molybdenum recovery increased significantly from 71% at the finest grind size to 87% at the coarsest grind size. Gold recovery increased from 67% to 72% by coarsening of the primary grind size.The results from the 2023-2024 LCT testwork compared to historical LCT testwork and regression equations are presented in Figure-2. (Data in blue have an average primary grind size P80 of 153 µm and are from 2008-2012 test programs. Data in orange have an average grind size P80 of 209 µm and are from the 2023-2024 test program.)Figure-2: Comparison of metal recoveries based on LCT tests at different head grades.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2177/303570_copperfox.jpgIn general, metal recoveries increase with higher feed grades. The copper recoveries at two different primary grind sizes overlap. The recoveries of other metals (molybdenum-gold-silver) at a coarser grind are also similar or improved. It is not clear if this behaviour is due to other metallurgical drivers such as mineralogy, lithology and different reagent scheme and requires further study. In general, the metallurgical performances from the variability samples in 2023-2024 are similar to the composites samples tested from 2008 to 2012. The data support a coarser primary grind size P80 of 212 µm could be used as a new baseline for future metallurgical testwork. Qualified Person
Elmer B. Stewart, MSc. P. Geol., President and CEO of Copper Fox, is the Company's non-independent, nominated Qualified Person pursuant to National Instrument 43-101, Standards for Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information disclosed in this news release. About Copper Fox
Copper Fox is a Canadian resource company focused on copper development and exploration in the United States and Canada. Copper Fox and its subsidiaries own 100% of the Van Dyke ISCR project, a development stage, potential near term, mid-size copper mine in Arizona and a 25% interest in the Schaft Creek Joint Venture with Teck Resources Limited (75% interest and operator) which hosts the Schaft Creek copper-gold-molybdenum-silver project in British Columbia's Golden Triangle. In addition, Copper Fox owns 100% of the resource stage Eaglehead polymetallic porphyry copper project in northwestern British Columbia and the Sombrero Butte and Mineral Mountain advanced exploration stage porphyry copper projects located in the prolific Laramide age copper province in Arizona. For more information on Copper Fox's mineral properties and investments visit the Company's website at www.copperfoxmetals.com.On behalf of the Board of DirectorsElmer B. Stewart
President and Chief Executive OfficerFor additional information contact: Lynn Ball at 1-844-464-2820 or investor@copperfoxmetals.com.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of the Canadian securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "budgets," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release includes statements related to: metallurgical testwork results, LCT work, additional metallurgical studies, trade off studies, comminution studies, key project parameters, camp upgrades, data collection programs, and a Systems Impact Study.In connection with the forward-looking information contained in this news release, Copper Fox and its subsidiaries have made numerous assumptions, regarding, among other things: the geological, metallurgical, engineering, financial and economic advice that Copper Fox has received is reliable and is based upon practices and methodologies which are consistent with industry standards. While Copper Fox considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies. Additionally, there are known and unknown risk factors which could cause Copper Fox's actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: the preliminary metallurgical testwork results may not be accurate, the LCT work may not be indicative of actual metal recoveries, additional metallurgical studies may not be completed as planned or at all, access route, comminution and System Impact Study studies may not be completed as planned or at all, review of key project parameters, camp upgrades, and planned data collection may not be completed as planned or at all, the need to obtain additional financing, uncertainty as to the availability and terms of future financing.A more complete discussion of the risks and uncertainties facing Copper Fox is disclosed in Copper Fox's continuous disclosure filings with Canadian securities regulatory authorities at www.sedarplus.ca. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Copper Fox disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events, or developments, except as required by law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/303570 Original: Copper Fox Announces Positive Results from Schaft Creek Metallurgical Program and an Update on 2026 Program
CA Market News
6日前
Copper Fox Announces $3,000,000 Non-Brokered Private PlacementJune 29, 2026 6:00 AM
NewsfileCalgary, Alberta--(Newsfile Corp. - June 29, 2026) - Copper Fox Metals Inc. (TSXV: CUU) (FSE: HPU) ("Copper Fox" or the "Company") is pleased to announce that it intends to complete, subject to the approval of the TSX Venture Exchange, a non-brokered private placement to raise up to $3,000,000 in gross proceeds (the "Offering"). The Offering will consist of up to 5,000,000 common shares ("Shares") at a price of $0.60 per share. Copper Fox is making the Offering available to subscribers under a number of available prospectus exemptions, including the accredited investor exemption, family and close personal friends and business associates of directors and officers of the Company. The Offering is also available to all existing shareholders of Copper Fox who, as of the close of business on June 28, 2026 (the "Record Date"), held shares (and who continue to hold such shares as of the closing date) in accordance with the provisions of the "existing security holder exemption" contained in the various corresponding blanket orders and rules of participating jurisdictions (the "Existing Security Holder Exemption"). The Company advises that there are conditions and restrictions when subscribers are relying upon the Existing Security Holder Exemption, including, among other criteria: (a) the subscriber must be a shareholder of the Company on the Record Date (and still be a shareholder), (b) be purchasing the Shares as a principal - for his or her own account and not for any other party, and (c) may not purchase more than $15,000 value of securities from the Company in any 12-month period. There is an exception to the $15,000 subscription limit. In the event that a subscriber wishes to purchase more than a $15,000 value of securities, then he or she may do so provided that the subscriber received suitability advice from a registered investment dealer, and, in this case, subscribers will be asked to confirm the registered investment dealer's identity and employer. Subscribers purchasing Shares using the Existing Security Holder Exemption will need to represent in writing that they meet the requirements of the Existing Security Holder Exemption. There is no minimum subscription amount. As the Existing Security Holder Exemption contains certain restrictions and is only available in certain jurisdictions in Canada, others that do not qualify under the Existing Security Holder Exemption may qualify to participate under other prospectus exemptions, such as the accredited investor exemption.The Company retains the right to accept or reject subscriptions. Should the Offering be oversubscribed it is possible that a shareholder's subscription may not be accepted by the Company. Additionally, in the event of an imbalance of large subscriptions compared to smaller subscriptions, management reserves the right in its discretion to favor large subscriptions over smaller shareholder subscriptions.The Offering is expected to close by July 27, 2026. In accordance with applicable securities legislation, securities issued pursuant to the Offering are subject to a hold period of four months plus one day from the date of the completion of the Offering. The net proceeds raised from the Offering will be used to advance exploration and development activities on Copper Fox's 100% owned Van Dyke, Mineral Mountain, Eaglehead and Sombrero Butte copper projects, working capital and general corporate and administrative purposes of the Company. The Offering may include one or more subscriptions by insiders of the Company, including a subscription by Mr. Ernesto Echavarria, a director, insider, and a control person of the Company (as defined by the policies of the TSX Venture Exchange) of a minimum of 3,000,000 common shares.Subscriptions completed by insiders in the Offering, including the subscription by Mr. Echavarria, may constitute a "Related Party Transaction" under Policy 5.9 of the TSX Venture Exchange which adopts Multilateral Instrument 61-101 ("MI 61-101") as a policy of the TSX Venture Exchange. In completing such transactions, Copper Fox intends to rely on the applicable exemptions from the valuation requirement and minority security holder approval requirements available under Sections 5.5(a) and 5.7(a) of MI 61-101, respectively, on the basis that the participation in the private placement by insiders will not exceed 25% of the Company's market capitalization.About Copper Fox
Copper Fox is a Canadian resource company focused on copper development and exploration in the United States and Canada. Copper Fox and its subsidiaries own 100% of the Van Dyke ISCR project, a development stage, potential near term, mid-size copper mine in Arizona and a 25% interest in the Schaft Creek Joint Venture with Teck Resources Limited (75% interest and Operator) which hosts the Schaft Creek copper-gold-molybdenum-silver project in British Columbia's Golden Triangle. In addition, Copper Fox owns 100% of the resource stage Eaglehead polymetallic porphyry copper project in northwestern British Columbia and the Sombrero Butte and Mineral Mountain advanced exploration stage porphyry copper projects located in the prolific Laramide age copper province in Arizona. For more information on Copper Fox's mineral properties and investments visit the Company's website at www.copperfoxmetals.com.On behalf of the Board of DirectorsElmer B. Stewart
President and Chief Executive OfficerFor additional information contact Lynn Ball at 1-844-464-2820, investor@copperfoxmetals.com.Neither TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release. This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities described herein in the United States. The securities described in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. This news release is not for distribution in the United States or over United States newswires.Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of the Canadian securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "budgets", "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release includes, without limitation, statements about: the expected size and terms of the Offering and the use of the proceeds therefrom; the anticipated closing time of the Offering; the terms of the subscription agreements to be executed by shareholders relying on the "Existing Security Holder Exemption"; the expected subscription by one or more insiders, including Mr. Echavarria in the Offering; the exemptions in MI 61-101 intended to be relied upon by Copper Fox in completing the Offering; and the possible corporate reorganization. In connection with the forward-looking information contained in this news release, Copper Fox has made numerous assumptions. Additionally, there are known and unknown risk factors which could cause Copper Fox's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include the possibility that: approval for the Offering will not be obtained from the TSX Venture Exchange; the Offering will not complete at the time or in the amount expected, or at all; Mr. Echavarria will not subscribe for the number of Shares currently expected, or at all; and the exemptions intended to be relied upon by Copper Fox under MI 61-101 in completing the Offering may not be available.A more complete discussion of the risks and uncertainties facing Copper Fox is disclosed in Copper Fox's continuous disclosure filings with Canadian securities regulatory authorities at www.sedarplus.ca. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Copper Fox disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATESTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/303158 Original: Copper Fox Announces $3,000,000 Non-Brokered Private Placement
CA Market News
1週前
Copper Fox Announces 2026 Q2 Financial Results and Project and Corporate UpdatesJune 25, 2026 10:46 PM
NewsfileCalgary, Alberta--(Newsfile Corp. - June 25, 2026) - Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) (FSE: HPU) ("Copper Fox" or the "Company") announces that its unaudited interim consolidated April 30, 2026, financial statements have been filed on SEDAR+. For the Quarter ended April 30, 2026, Copper Fox had a net loss of $639,670 (October 31, 2025 - $1,071,237) which equated to $0.00 loss per share (October 31, 2025 - $0.00 loss per share).Elmer B. Stewart, President and CEO of Copper Fox, stated, "It has been a very exciting and busy Quarter, the work being completed by the various contractors on the 2026 Preliminary Economic Assessment (PEA) at Van Dyke continues and will include an updated mineral resource estimate (MRE) to support the 2026 PEA. The maiden drilling program at Mineral Mountain has confirmed the discovery of a large Laramide age porphyry copper system with six additional mineral claims being added to cover the possible extension of the large target. Teck Resources Limited, Operator of the Schaft Creek Joint Venture (SCJV), following the positive results of the 2025 drill program, announced a $9.1 million program for 2026 and reported the results of geotechnical, hydrogeological, environmental and meteorological studies.Our current focus is completion of the 2026 MRE and PEA for the Van Dyke project. Compilation and assessment of a drilling program for Mineral Mountain is planned contingent on receipt of the analytical results for the bottom 300 meters of drillhole DDH MM-02-2025. The Eaglehead and Sombrero Butte projects are at various stages of the permitting process to obtain the permits required to conduct future exploration programs. Copper Fox is looking forward to working with the regulatory bodies to diligently advance these permitting initiatives."During the six months ended April 30, 2026, the Company incurred $2,894,499 in expenditures toward furthering the development of its Van Dyke copper project and furthering exploration of its Eaglehead, Sombrero Butte and Mineral Mountain copper projects. The SCJV continued working on various technical reviews on Schaft Creek. Copies of the financial statements, notes, and related management discussion and analysis may be obtained on SEDAR+ at www.sedarplus.ca, the Company's web site at www.copperfoxmetals.com or by contacting the Company directly. All references to planned activities and technical information contained in this news release have been previously announced by way of news releases. All amounts are expressed in Canadian dollars unless otherwise stated.HighlightsAnnounced commencement of the 2026 Van Dyke PEA. Announced preliminary Mineral Mountain drill results and the discovery of a large Laramide age porphyry copper system.Announced the Schaft Creek 2026 work program and budget of $9.1 million.Announced positive results for the historical drill core sampling at Van Dyke, analytical results include:DDH OXY-42, intersected a 100.59 meter (m) core interval (336.19 to 436.78m) that averaged 0.250% total copper (TCu) and 0.163% TSCuDDH OXY-42 included a 22.86m core interval (337.72 to 360.58m) that averaged 0.481% TCu and 0.409% TSCuCompleted a non-brokered private placement of $3,000,000 in gross proceeds by issuing 4,615,384 common shares at a price of $0.65 per share.Announced an updated MRE to be included to support the 2026 PEA on the Van Dyke project along with a preliminary 3-D numerical groundwater flow model and continued hydrogeological data collection. Announced results of the 2025 geotechnical, hydrogeological, environmental, and meteorological studies at Schaft Creek.Announced additional positive results for the historical drill core sampling at Van Dyke. Analytical results from 15 of the 18 drillholes returned intervals exceeding the TSCu cutoff of 0.025% (ASCu% + CNCu%) used in the 2020 MRE.Van Dyke Project, Arizona
During the Quarter, early works required to update the PEA, have been completed. The PEA includes updates to the MRE, underground access and wellfield design, copper recovery predictions, infrastructure layout, water treatment, pre-tax and post-tax economic analysis using long term consensus copper prices and recommendations to advance the developments of the Van Dyke project. The results of the PEA would be used to determine project readiness to transition to the Preliminary Feasibility Study (PFS) stage. Activities included hydrogeological monitoring, quarterly water quality sampling, established two additional hydrogeological monitoring and one groundwater sampling station, preliminary meetings with the Town of Miami on obtaining a permit to conduct future drill programs and sampling to confirm the limits of the recoverable copper mineralization were completed. A critical portion of advancing the Van Dyke project is demonstrating to the federal and state regulatory bodies that future leaching operations can be conducted in a safe, environmentally friendly manner. To achieve this, understanding fluid flow patterns within the Bloody Tanks drainage basin and the Van Dyke project is critical and impact the well field and monitoring well design configurations to contain and recover the leaching fluids, but also provides data to estimate the sweep efficiency and predicted copper production, critical aspects of maximizing the economics of the Van Dyke project. Mineral Mountain Project, Arizona
The project is in a prolific porphyry copper trend in Arizona, approximately 25km southwest of the giant Resolution porphyry copper deposit and 20km northeast of the Florence ISCR deposit. The two hole (totalling 2,558.11m) "maiden" drilling program confirmed the presence of a large, evolved Laramide age porphyry copper system underlying the project. The two drillholes located approximately 1.3km apart, tested the large Laramide age porphyry copper target. DDH MM-01-2025 (total depth 860.76m) intersected the outer propylitic zone of the system and six significant intervals of copper-molybdenum enrichment associated with sulphide (Cu+/-Mo+/-Py) veining and associated alteration envelopes. DDH MM-02-2025 intersected a classic porphyry alteration and mineralization sequence that indicates vectoring toward a potential higher-grade potassic core at depth (see news release dated June 11, 2026). The increase in copper-molybdenum mineralization associated with intense quartz-sericite-pyrite alteration, combined with increasing quartz veining, high-temperature alteration at depth, magnetite sulphidization and appearance of bornite rimming chalcopyrite toward the bottom of the hole indicate that drilling has not yet reached the core of this large porphyry system. DDH MM-02-2025 has been placed on care and maintenance and can be re-entered to continue the hole to test the interpreted higher-grade core of the porphyry. Pending receipt of the analytical results for the core interval 1,394m to 1,697m in DDH MM-02-2025, an updated technical assessment of the Mineral Mountain porphyry copper system is planned to prepare a follow-up drilling program to test the interpreted higher-grade core of the system at depth. Schaft Creek Project, British Columbia
The SCJV was created in 2013 between Teck and Copper Fox to further explore and develop the polymetallic Schaft Creek porphyry copper project. Since inception of SCJV, Teck has spent C$114 million ($90 million Pre-Production Costs), on the project. Since completion of the 2021 Schaft Creek PEA, the SCJV has completed geological, metallurgical, geotechnical, infrastructure, environmental, hydrogeological and archeological studies focused on advancing the Schaft Creek project. The 2026 budget for Schaft Creek is $9.1million and is primarily directed at completing a critical in-depth assessment of the geological, metallurgical, geotechnical, infrastructure, environmental and archeological studies completed since 2021 to determine project readiness to transition the project to the Preliminary Feasibility Study (PFS) stage, subject to meeting stringent criteria to deliver attractive risk-adjusted returns in alignment with Teck's capital allocation framework. A System Impact Study to determine the energy requirements for the Schaft Creek project in conjunction with BC Hydro, environmental and hydrogeological data collection programs and upgrades to the camp to support future programs are planned for 2026. During the Quarter, the SCJV reported the results for the 2025 geotechnical, hydrogeological, environmental, and meteorological studies and recommend future programs to provide support for permitting activities and augment these databases to meet threshold industry standards for a preliminary feasibility level of study. Eaglehead Project, British Columbia
During the Quarter activities included advancing the permitting process, completion of a Wildlife Management Plan, investigating the applicability of Ore Sorting technology and planning for additional rock characterization and variability testwork at a coarser grind size on mineralization from the East, Bornite and Pass deposits. A review of previous Lock-Cycle Flotation testwork to the third cleaner concentrate stage suggests that the metallurgical performance at a coarse grind size could approximate metal recoveries at finer grind size. Processing material at a coarse grind size could have a positive impact on the comminution circuit and related costs in the milling portion of future project design. As of the date of this MD&A, the MYAB is in the review stage by various interested parties and not been approved. At this time, it is highly unlikely that Copper Fox could access the services required to conduct the planned drilling program given the short exploration season and level of exploration in northern British Columbia.Sombrero Butte Project, Arizona
During the Quarter, activities included "ground truthing" of potential drillhole locations, mapping, and additional modelling of the 2025 chargeability/resistivity data and revisions to the exploration model used to advance exploration of the project. The proposed drill holes are located on Arizona State land. To obtain the permit to conduct drilling operations on State land, Copper Fox must submit a Geologic Field Operations Plan (GFOP) supported by a cultural and native plant species. Copper Fox is in discussions with an Arizona-based consulting firm with expertise in cultural resources and native plant studies to define the scope and estimated costs to complete these studies.Elmer B. Stewart, MSc, P. Geo, President of Copper Fox, is the Company's non-independent, nominated Qualified Person pursuant to National Instrument 43-101, Standards for Disclosure for Mineral Projects, and has reviewed and approves the scientific and technical information disclosed in this news release.Selected Financial Results
3 Months Ended
3 Months Ended
3 Months Ended
3 Months Ended
April 30, 2026
January 31, 2026
October 31, 2025
July 31, 2025
Loss before taxes$396,813
$242,857
$336,885
$295,679
Net loss
396,813
242,857
164,538
295,679
Comprehensive (gain) / loss
214,355
964,419
(100,174)
197,381
Comprehensive loss per share,
basic and diluted
0.00
0.00
0.00
0.00
3 Months Ended
3 Months Ended
3 Months Ended
3 Months Ended
April 30, 2025
January 31, 2025
October 31, 2024
July 31, 2024
Loss before taxes$374,058
$236,962
$261,484
$293,185
Net loss
374,058
236,962
(219,427)
293,185
Comprehensive (gain) / loss
1,225,382
(461,245)
(402,630)
199,185
Comprehensive loss per share,
basic and diluted
0.00
0.00
0.00
0.00
Liquidity
As at April 30, 2026, the Company's cash position was $629,849 (October 31, 2025- $686,236) and as of the date of this news release the Company's cash position is $145,220.About Copper Fox
Copper Fox is a Canadian resource company focused on copper development and exploration in the United States and Canada. Copper Fox and its subsidiaries own 100% of the Van Dyke ISCR project, a development stage, potential near term, mid-size copper mine in Arizona and a 25% interest in the Schaft Creek Joint Venture with Teck Resources Limited (75% interest and Operator) which hosts the Schaft Creek copper-gold-molybdenum-silver project in British Columbia's Golden Triangle. In addition, Copper Fox owns 100% of the resource stage Eaglehead polymetallic porphyry copper project in northwestern British Columbia and the Sombrero Butte and Mineral Mountain advanced exploration stage porphyry copper projects located in the prolific Laramide age copper province in Arizona. For more information on Copper Fox's mineral properties and investments visit the Company's website at www.copperfoxmetals.com.On behalf of the Board of Directors,Elmer B. Stewart
President and Chief Executive OfficerFor additional information contact Lynn Ball at 1-844-464-2820, investor@copperfoxmetals.com Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Information
This news release contains forward-looking statements within the meaning of the Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and forward-looking information within the meaning of the Canadian securities laws (collectively, "forward-looking information"). Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "budgets", "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release includes statements regarding; updating the PEA and MRE at Van Dyke; further drilling at Mineral Mountain; conducting future exploration programs at Eaglehead and Sombrero Butte; and completing technical reviews at Schaft Creek to determine project readiness to transition the project to the PFS stage.In connection with the forward-looking information contained in this news release, Copper Fox and its subsidiaries have made numerous assumptions regarding, among other things: the geological, financial, and economic advice that Copper Fox has received is reliable and is based upon practices and methodologies which are consistent with industry standards; and the stability of economic and market conditions. While Copper Fox considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies. Additionally, there are known and unknown risk factors which could cause Copper Fox's actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: the updated PEA and MRE at Van Dyke may get completed as planned or at all; the maiden drilling program at Mineral Mountain may not result in further drilling; Eaglehead may not receive an approved MYAB permit; the required surveys for the GFOP at Sombrero Butte may not get started; the overall economy may deteriorate; uncertainty as to the availability and terms of future financing; copper prices and demand may fluctuate; currency exchange rates may fluctuate; conditions in the financial markets may deteriorate; and uncertainty as to timely availability of permits and other governmental approvals. A more complete discussion of the risks and uncertainties facing Copper Fox is disclosed in Copper Fox's continuous disclosure filings with Canadian securities regulatory authorities at www.sedarplus.ca. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Copper Fox disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events, or developments, except as required by law. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302968 Original: Copper Fox Announces 2026 Q2 Financial Results and Project and Corporate Updates
CA Market News
3週前
Copper Fox Announces Porphyry Copper Discovery and Strong Vectors Toward Core at Mineral MountainJune 11, 2026 6:00 AM
NewsfileCalgary, Alberta--(Newsfile Corp. - June 11, 2026) - Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) (FSE: HPU) ("Copper Fox" or the "Company") and its wholly owned subsidiary, Desert Fox Mineral Mountain Co. ("Desert Fox"), are pleased to report preliminary results from diamond drillhole (DDH) MM-02-2025 at its 100% owned Mineral Mountain porphyry copper project in Arizona. DDH MM-02-2025 has confirmed the presence of a large, evolved porphyry copper-molybdenum system and intersected the outer portion of a mineralized copper shell, with multiple geological indicators suggesting increasing mineralization at depth and proximity to the core of the system. DDH MM-01-2025 intersected the "shoulder" of the system approximately 1.3 kilometers (km) southwest of DDH MM-02-2025. Elmer B. Stewart, President and CEO of Copper Fox, stated, "DDH MM-02-2025 intersected a classic porphyry alteration and mineralization sequence and indicates vectoring toward a potential higher-grade potassic core below that marks an important advance in our understanding of the Mineral Mountain porphyry copper system. The distribution and increase in copper-molybdenum mineralization, quartz veining, high-temperature alteration minerals, magnetite sulphidization and appearance of bornite rimming chalcopyrite at depth indicate that drilling has not yet reached the core of this large porphyry system. Intersecting the outer, lower grade part of the copper shell, together with increased molybdenum values provides clear targets for follow-up drilling and supports our view that higher-grade mineralization may lie below the current drill depth."HighlightsPorphyry copper system confirmed, with multi-phase alteration and mineralization.DDH MM-02-2025 intersected the outer copper shell, with grades increasing downhole.Strong vectoring indicators toward a higher-grade core at depth.Significant quartz-sulphide veining and sulphide content increase with depth.Copper-molybdenum mineralization hosted in quartz veins, fractures, and disseminations in vein alteration envelopes.DDH MM-02-2025 terminated early at 1,697.35 meters (m) due to drilling conditions, leaving system open at depth.Located six mineral claims to cover extension of recently identified porphyry copper target.The Mineral Mountain project is located in a prolific Laramide-age porphyry copper belt in Arizona, approximately 25km southwest of Rio Tinto and BHP's giant Resolution porphyry copper-molybdenum deposit and approximately 20km northeast of the recently commissioned Florence ISCR copper mine reinforces the porphyry potential of the property (Figure-1).A schematic representation of the lithologies, alteration, approximate sulphide content, and main sulphide vein types are shown in Figure-2. DDH MM-02-2025 can be re-entered to deepen the drillhole to test the core of the porphyry system below 1,700m and used for step-out drilling to define the lateral extent of the copper shell. The location and drill collar co-ordinates for drillholes MM-01-2025 and MM-02-2025 are shown in Figure-3 and Table-1. Figure-1: Regional setting of the Mineral Mountain porphyry copper project on NE trending porphyry copper belt in Arizona.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2177/300952_6f5df9e084200915_001full.jpgFigure-2: Schematic representation of lithologies, alteration, sulphide content and major vein types encountered in DDH MM-02-2025. Notes: Cu=copper, Mo=molybdenum, ppm=parts per million, m=meters. True thickness/widths of mineralization are unknown. The measurements of the alteration and sulphide boundaries are approximated. To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2177/300952_6f5df9e084200915_002full.jpgLithologies
DDH MM-02-2025 intersected a fine-grained granodiorite from surface to a depth of 380.09m and PreCambrian Pinal Schist from 380.09m to the end of the hole at 1,697.35m. These lithologies are intruded by a series of synchronous and post mineralization rhyolite porphyry, quartz monzonite porphyry, and quartz latite porphyry dikes of variable thickness.Alteration
DDH MM-02-2025 intersected early potassic (hydrothermal biotite, anhydrite, magnetite veins, and K-spar envelopes) overprinted by propylitic (epidote-chlorite-actinolite) followed by strong phyllic ((quartz-sericite-pyrite or "QSP") and locally late intermediate argillic (fresh K-spar & plagioclase altered to sericite) like that observed in porphyry copper systems. Beginning at approximately 600m below surface, the drillhole intersected propylitic altered Pinal Schist to a depth of approximately 1,140m. The QSP alteration (1140-1697.35m) shows increasing pyrite content (up to 3%) coarse-grained sericite, quartz veining (up to 41%) and obliterates the original fabric of the Pinal Schist associated with increasing molybdenite and trace bornite concentrations toward the end of the hole. The localized late-stage intermediate argillic alteration is associated with a weakly mineralized "quartz eye" quartz monzonite porphyry. The drillhole is interpreted to have penetrated the outer portion of the "copper shell" and indicates vectoring toward an expected higher-grade potassic core typically seen in porphyry systems. Analytical Results
Sampling of DDH MM-02-2025 began at a core depth of 896m within propylitic altered Pinal Schist. characterized by crackle texture, chlorite-epidote alteration envelopes, scattered thin veinlets of vuggy K-spar-quartz-chlorite-epidote-pyrite-chalcopyrite-scheelite and thin red-fluorescent calcite veinlets. Analytical results for the sampling between 896m and 1,394m have been received and returned the following metal concentrations: copper: from 12.9 to 2,032 ppm (0.203%), molybdenum: from 1.0 to 515 ppm (0.051%) and silver: from 0.1 to 4.5 ppm (Figure-2). The analytical results show an increasing trend in copper-molybdenum values at depth associated with strong phyllic alteration and quartz-chalcopyrite ± molybdenite veining.The core interval 1,365 to 1,394m exhibits intense quartz-sericite-pyrite alteration and elevated copper, (58.9 to 2,032 ppm (0.203%), molybdenum 22.0 to 515.0 ppm (0.051%) and 0.1 to 0.9 ppm silver values. Upon receipt of all analytical results, selected samples containing elevated copper content will be analyzed for gold concentration.Mineral Zonation
DDH MM-02-2025 exhibits progressively higher temperature sulphide mineralization and associated alteration at increasing depth in the hole. The outer portion of the porphyry system is characterized by propylitic alteration containing variable concentrations of pyrite in the core interval 600-1,140m below surface. The "pyrite shell" is interpreted to have been intersected at an estimated depth of 1,140m associated with the transition to QSP alteration.The increase in copper content in DDH MM-02-2025 exhibits a crude correlation to transition from propylitic to QSP alteration (Figure-2). Typically, the outer copper enriched pyritic portion of a porphyry system contains low copper content in the order of 0.10%-0.20%. The central potassic core of a porphyry system at depth is typically enriched in bornite and chalcopyrite.The increase in molybdenum concentrations in DDH MM-02-2025 show a moderate correlation to the QSP/outer potassic zone. Porphyry copper systems typically exhibit a broad, annular molybdenum "halo" that extends outward and upward from the higher copper concentrations typically observed in the inner potassic zone.Vein Assemblages
The sulphide veins intersected in DDH MM-02-2025 displays with depth, the transition from the outer lower temperature propylitic (qtz-cal-hem veining) to the inner higher temperature potassic alteration overprinted by intense QSP alteration. The outer portion of the system exhibit abundant classic D veins (quartz- pyrite +/- chalcopyrite with distinct QSP envelopes). Chalcopyrite is the main copper sulphide with molybdenite and trace amounts of bornite appearing in the lower portions of the drillhole. The copper-molybdenum mineralization occurs primarily in quartz veins with subordinate amounts occurring on fractures and as disseminations in quartz vein alteration envelopes. The cross-cutting relationships of the veins indicate several episodes of mineralization and alteration. Photographs of Cu-Mo mineralization in DDH MM-02-2025 are shown below.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2177/300952_copperfox.jpgNotes: qtz=quartz, cpy=chalcopyrite, bn=bornite, mo=molybdenite, kspar=hydrothermal potassium feldspar, hem=hematite (after magnetite), mag=magnetite, py=pyrite, epi=epidote, cal=calcite, chl=chlorite). DDH Locations
Figure-3 shows the locations of DDH MM-02-2025, DDH MM-01-2025 and the recently located mineral claims. Figure-3: Mineral Mountain project drillhole location map superimposed on copper-molybdenum mineralization and 400m depth slice (below surface) of the 14mrad chargeability anomaly. To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2177/300952_6f5df9e084200915_007full.jpgDDH InformationTable-1: Drillhole information, Mineral Mountain 2025 drilling program.DDH IDEasting NorthingElev (masl)Dip (deg)Azi (deg) Depth (m)MM-01-20254775903667582619-75290860.7MM-02-2025 4786603667905663-851801,697.35 Drilling and Sampling Procedures
The upper 517m portion of DDH-02-2025 was completed using HQ rods before reducing to NQ diameter rods. Overall core recovery was estimated to be greater than 95%. After cutting with a diamond saw, one half of the core was collected for sample preparation and analysis, and the other half was retained onsite for future reference. Sample intervals selected do not cross lithological boundaries and ranged from 1.00 to 3.00m in length depending on the presence of Cu and/or Mo mineralization. Quality Control (QA/QC)
Copper Fox follows a rigorous Quality Assurance/Quality Control program. A total of 352 core samples were submitted as part of the drill core analysis including 11 split-core duplicates, 30 commercial certified reference material (CRM) standards, and 34 blanks. The matrix material of the CRM's matches the Mineral Mountain geology. All standards are certified for 4-acid digestion.Skyline Assayers and Laboratories Inc. (Accreditation 2953.01 and Standard ISO/IEC 17025:2017) located in Tucson, Arizona completed the sample preparation and analysis for the Mineral Mountain samples. Samples were prepared using preparation code SP-1 - Crush to plus 75% -10 mesh, split and pulverize with standard steel to plus 95% -150 mesh. Analytical code TE-7 - was used for Trace Elements by Multi Acid (with HF), Ag, As, Hg, Sb, Se, Te concentrations were determined by Aqua Regia, ICP-OES/ICP-MS (49 elements).Qualified Person
Elmer B. Stewart, MSc. P.Geo., President, and CEO of Copper Fox, is the Company's non-independent, nominated Qualified Person pursuant to National Instrument 43-101, Standards for Disclosure for Mineral Projects, and has reviewed and approves the scientific and technical information disclosed in this news release.About Copper Fox
Copper Fox is a Canadian resource company focused on copper development and exploration in the United States and Canada. Copper Fox and its subsidiaries own 100% of the Van Dyke ISCR project, a development stage, potential near term, mid-size copper mine in Arizona and a 25% interest in the Schaft Creek Joint Venture with Teck Resources Limited (75% interest and Operator) which hosts the Schaft Creek copper-gold-molybdenum-silver project in British Columbia's Golden Triangle. In addition, Copper Fox owns 100% of the resource stage Eaglehead polymetallic porphyry copper project in northwestern British Columbia and the Sombrero Butte and Mineral Mountain advanced exploration stage porphyry copper projects located in the prolific Laramide age copper province in Arizona. For more information on Copper Fox's mineral properties and investments visit the Company's website at www.copperfoxmetals.com.On behalf of the Board of DirectorsElmer B. Stewart
President and Chief Executive OfficerFor additional information contact: Lynn Ball at 1-844-464-2820 or investor@copperfoxmetals.com.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Information
This news release contains forward-looking statements within the meaning of the Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and forward-looking information within the meaning of the Canadian securities laws (collectively, "forward-looking information"). Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "budgets," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release includes statements regarding; MM-02-2025 intersecting a classic porphyry alteration and mineralization sequence indicating vectoring toward a potential higher-grade potassic core; follow-up drilling; and, higher-grade mineralization lying below the current drill depth. In connection with the forward-looking information contained in this news release, Copper Fox and its standards have made numerous assumptions regarding, among other things: the geological advice that Copper Fox has received is reliable and is based upon practices and methodologies which are consistent with industry standards; and the reliability of historical reports. While Copper Fox considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.Additionally, there are known and unknown risk factors which could cause Copper Fox's actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include among others: the results of DDH MM-02-2025 may not represent a porphyry copper system; the porphyry style mineralization and alteration may not be indicative of or represent a porphyry copper system; further drilling may not locate additional porphyry style mineralization, the financial markets and the overall economy may deteriorate; the need to obtain additional financing and uncertainty as to effects of threatened tariffs, timely availability of permits and other governmental approvals.A more complete discussion of the risks and uncertainties facing Copper Fox is disclosed in Copper Fox's continuous disclosure filings with Canadian securities regulatory authorities at www.sedarplus.ca. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Copper Fox disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events, or developments, except as required by law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300952 Original: Copper Fox Announces Porphyry Copper Discovery and Strong Vectors Toward Core at Mineral Mountain
CA Market News
1月前
Copper Fox Reports Additional Mineralized Intervals Advancing the Van Dyke ISCR ProjectMay 26, 2026 6:00 AM
NewsfileCalgary, Alberta--(Newsfile Corp. - May 26, 2026) - Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) (FSE: HPU) ("Copper Fox" or the "Company"), through its wholly owned subsidiary, Desert Fox Van Dyke Co., is pleased to report the final analytical results from the previously announced historical diamond drill core sampling program (see news release dated April 21, 2026). The program was designed to further define the limits of total soluble copper ("TSCu") mineralization and the mineralogical domains within the Van Dyke copper deposit. The Van Dyke in-situ copper recovery ("ISCR") project is 100%-owned by Copper Fox and is located in the Globe-Miami Mining District, Gila County, Arizona.This news release reports analytical results for 18 drill holes, 15 of which returned intervals exceeding the TSCu cutoff of 0.025% (ASCu% + CNCu%) used in the 2020 mineral resource estimate ("MRE"). Analytical results have now been received for all 29 drill holes included in the 2026 core sampling program.HighlightsDDH M-2 returned a 53.80-metre core interval (272.19 m to 325.98 m) averaging 0.543% total copper ("TCu") and 0.416% TSCu, including a 34.60-metre interval averaging 0.725% TCu and 0.592% TSCu.DDH OXY-46 returned a 74.60-metre core interval (286.51 m to 361.19 m) averaging 0.273% TCu and 0.223% TSCu, including a 19.51-metre interval averaging 0.518% TCu and 0.453% TSCu.Completion of the preliminary 3D groundwater flow model for the Bloody Tanks Wash drainage basin has materially advanced the Company's understanding of the Van Dyke project hydrogeology.Work on the updated PEA is progressing across resource estimation, cost modelling, engineering, geotechnical, water treatment and hydrogeological studies.Ground water monitoring indicates water quality parameters, water level measurements, analytical results and VWP data are consistent with that observed in previous quarters. Elmer B. Stewart, President and CEO of Copper Fox, stated, "The positive results from the drill core sampling program have expanded the limits of the total soluble copper envelope at the Van Dyke copper deposit and could influence the updated mineral resource estimate, a critical component of the revised PEA. An updated mineral resource and improved definition of the mineralogical domains are important to optimizing the underground access concept and wellfield layout in support of the proposed leach operation."PEA Update:Completion of the updated PEA will provide a current technical assessment of the project and evaluate potential development scenarios to support a robust business case for advancing the project to the Preliminary Feasibility Study ("PFS") stage. The PEA is assessing underground access alternatives to optimize future wellfield design and projected copper production, as well as infrastructure, water treatment, energy requirements and process design configurations, which will form the basis for estimating initial capital, operating and sustaining costs. Once completed, these inputs are expected to support updated pre-tax and post-tax economic models for the project. The PEA is also expected to identify data gaps that will help guide future programs, enhancement opportunities and inform the technical work plan and permitting strategy required to advance the Van Dyke project to the PFS stage.Analytical ResultsOf the 29 drill holes sampled in 2026, 21 returned TSCu concentrations exceeding the 0.025% cutoff used in the 2020 mineral resource estimate (see news release dated March 25, 2020). The analytical results of primary economic interest are acid soluble copper ("ASCu") and, to a lesser extent, cyanide soluble copper ("CNCu"). The analytical results and locations of the historical drill holes discussed in this news release are presented in Table 1 and Figure 1.The weighted average grades for the mineralized intervals presented in Table 1 were calculated using a 0.025% ASCu cutoff. Intervals containing ASCu values below the cutoff over lengths of five metres or less, (including missing samples), were included in the weighted average grade calculations. CNCu weighted averages are presented for information purposes.Table-1: Partial results of 2026 sampling of historical drillholes from Van Dyke projectDDH IDFrom (m)To (m)Int. (m)TCu (%)ASCu (%)CNCu (%)TSCu (%)RESCu (%)M-2272.19325.9853.800.5430.3990.0170.4160.127includes285.29319.8934.600.7250.5710.0210.5920.133OXY-10515.11522.737.620.1320.0260.0180.0440.088OXY-17B330.10332.842.740.1890.1200.0090.1290.060OXY-18499.26502.313.050.2170.1920.0050.1970.020includes590.09598.938,840.1620.0960.0060.1020.060OXY-26308.76318.8210.060.0900.0650.0070.0720.018OXY-29437.39451.1013.720.2190.0360.0140.0500.169OXY-31563.88566.933.050.0670.0230.0030.0260.041OXY-46270.97382.22111.250.2260.1810.0070.1880.038includes270.97279.818,840.4370.3550.0140.3690.068
286.51361.1974.680.2730.2140.0090.2230.050
286.51306.0219.510.5180.4410.0120.4530.065
368.20382.2214.020.2530.2150.0070.2220.030UVD-12505.97513.597.620.0950.0300.0100.0400.056UVD-13355.09376.1221.030.0590.0380.0010.0390.020VD-1592.53598.936.400.0620.0270.0290.0560.006VD-5469.70481.8912.190.0470.0310.0140.0450.002includes494.08524.5630.480.0530.0330.0030.0360.017
582.47600.7618.290.0670.0280.0100.0370.030VD-6502.92527.9124.990.0750.0280.0190.0470.028VD-7474.88478.323.440.1410.0260.0150.0410.100
Notes to Table-1: TCu=total copper, ASCu=acid soluble copper, CNCu=cyanide soluble copper, RESCu=residual copper, TCu=ASCu+CNCu+RESCu, TSCu=(ASCu+CNCu). All drill holes discussed are vertical (inclined at -90º dip), and each has an azimuth of zero (0º). True thickness and widths of mineralization are currently unknown.
Figure-1: Location map showing historical drillholes discussed in this news release.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2177/298806_5da307d854376b39_001full.jpgComments on Analytical ResultsThe analytical results from drill holes M-2 and OXY-46 increase drill hole sampling density and returned TSCu concentrations consistent with other previously sampled drill holes in this higher-grade portion of the Van Dyke copper deposit. Overall, the 2026 sampling program was successful in filling analytical gaps, extending low-grade TSCu mineralization at depth, and improving the definition of the Oxide, Transitional and Sulphide mineralogical domain boundaries within the Van Dyke deposit.Hydrogeology Studies:The preliminary groundwater flow model for the Bloody Tanks Wash drainage basin is currently in the calibration stage. Early results have significantly improved the Company's understanding of the hydrogeological controls affecting the Van Dyke project and indicate that local groundwater flow may be influenced by historical mining activity in the Miami-Globe Mining District.Q1-2026 Ground water Monitoring:Results for the Q1-2026 monitoring data including field water quality parameters, water level measurements and analytical results are consistent with that observed in previous quarters. VWP data showed consistent responses with past quarters, with no seasonal patterns evident. Additional monitoring locations are planned in subsequent quarters to expand the water quality dataset and improve the understanding of groundwater flow and recharge dynamics for the Van Dyke project.Quality Control, Sampling and Analytical ProceduresCopper Fox follows a rigorous Quality Assurance/Quality Control program. The 2026 sampling program consisted of 359 samples, including 332 pulp and core samples, 18 certified reference standards and nine blanks collected from 29 historical drill holes. All drill holes are NQ diameter core. Samples taken from DDH M-2 were whole-core. The other drill hole samples were pulped ½ core.Skyline Assayers and Laboratories Inc. (Accreditation 2953.01; ISO/IEC 17025:2017) in Tucson, Arizona, completed sample preparation and analysis. The Transitional zone of the Van Dyke deposit contains a mixture of acid soluble copper minerals (malachite, azurite and chrysocolla) and chalcocite, a secondary copper sulphide. Samples were prepared using preparation code SP-1 - crush to 75% passing 10 mesh, split and pulverize with standard steel to 95% passing 150 mesh - and analyzed using analytical code SEA-CuSEQ-Res, a sequential leach method used to determine acid soluble, cyanide soluble and residual copper.Qualified PersonElmer B. Stewart, MSc., P.Geol., President and CEO of Copper Fox, is the Company's non-independent Qualified Person, as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects, and has reviewed and approved the scientific and technical information disclosed in this news release.About Copper FoxCopper Fox is a Canadian resource company focused on copper development and exploration in the United States and Canada. Copper Fox and its subsidiaries own 100% of the Van Dyke ISCR project, a development-stage, potential near-term, mid-sized copper project in Arizona, and a 25% interest in the Schaft Creek Joint Venture with Teck Resources Limited (75% interest and operator), which hosts the Schaft Creek copper-gold-molybdenum-silver project in British Columbia's Golden Triangle. In addition, Copper Fox owns 100% of the resource-stage Eaglehead polymetallic porphyry copper project in northwestern British Columbia, as well as the Sombrero Butte and Mineral Mountain advanced-stage porphyry copper exploration projects located in Arizona's prolific Laramide-age copper province. For more information on Copper Fox's mineral properties and investments, visit the Company's website at www.copperfoxmetals.com.On behalf of the Board of DirectorsElmer B. Stewart
President and Chief Executive OfficerFor additional information: Lynn Ball at
CA Market News
2月前
Copper Fox Extends Mineralized Envelope at Van Dyke ISCR ProjectApril 30, 2026 6:00 AM
NewsfileCalgary, Alberta--(Newsfile Corp. - April 30, 2026) - Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) (FSE: HPU) ("Copper Fox" or the "Company"), through its wholly owned subsidiary Desert Fox Van Dyke Co., is pleased to report analytical results from the previously reported historical diamond drill core sampling program to further define the limits of the total soluble copper (TSCu) mineralization in certain drillholes on its 100% owned Van Dyke in-situ copper recovery (ISCR) project located in the Globe-Miami Mining District, Gila County, Arizona. Analytical results from eleven drillholes have been received, eight of which returned intervals exceeding the TSCu cutoff (0.025%) used in the mineral resource estimate (MRE) update completed in 2020. Analytical highlights include:HighlightsDDH OXY-42, intersected a 100.59 meter (m) core interval (336.19 to 436.78m) that averaged 0.250% total copper (TCu) and 0.163% TSCuDDH OXY-42 included a 22.86m core interval (337.72 to 360.58m) that averaged 0.481% TCu and 0.409% TSCuThese analytical results have better defined the boundary between the Transitional and Sulphide mineral domains in the Van Dyke depositElmer B. Stewart, President and CEO of Copper Fox, stated, "The sampling program has better defined the total soluble copper envelope in certain portions of the Van Dyke copper deposit. With eight of the eleven drill holes yielding analytical results above the 0.025% TSCu cutoff used in the 2020 MRE, the combination of these results and the pending analytical results from an additional eighteen drillholes suggests the potential to increase the TSCu content of the Van Dyke deposit." Analytical ResultsAnalytical results for eight historical diamond drillholes from the Van Dyke project are reported in this news release. Analytical results from an additional 18 drillholes are pending. The analytical results of economic interest are acid soluble copper (ASCu) and cyanide soluble copper (CNCu). The TSCu (acid + cyanide soluble copper) cutoff grade used in the 2020 MRE was 0.025%. Analytical results received and locations of the sampled drill holes discussed in this news release are shown in Table-1 and Figure-1. The weighted average grades for the mineralized intervals presented in Table-1 used a 0.025% TSCu cutoff and a maximum core interval of five (5) meters of material below cut-off and/or missing samples within the mineralized interval in line with the cutoff grade used in the 2020 MRE.Table-1: Partial results of 2026 sampling of historical drillholes from Van Dyke projectDDH IDFrom (m)To (m)Int. (m)TCu (%)ASCu (%)CNCu (%)RECu (%)OXY-1283.46298.7015.240.0760.0310.0110.034425.20440.4415.240.1100.0460.0440.020OXY-2484.63490.736.091.0410.5260.5100.005OXY-13313.94317.913.970.2370.1960.0090.035OXY-18629.11644.3515.240.1430.0220.0980.023OXY-27657.45663.245.790.1620.0350.0300.096OXY-29437.39441.964.570.2600.0480.0150.197OXY-41375.51395.3319.820.1300.0650.0420.024OXY-42336.19436.78100.590.2500.1400.0230.087includes337.72360.5822.860.4810.3950.0140.072includes415.44423.067.620.3880.0790.0440.266 Notes to Table-1:
TCu=total copper, ASCu=acid soluble copper, CNCu=cyanide soluble copper, RECu=residual copper
TCu=ASCu+CNCu+RECu, TSCu=ASCu+CNCu)
All drillholes are vertical (inclined at -90 degrees)
True thickness and widths of mineralization are currently unknownFigure-1: Historical drillhole locations for samples discussed in this news releaseTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2177/295016_85056c08747d49f9_001full.jpgComments on Analytical ResultsThe 2026 sampling completed in DDH OXY-42 extended the TSCu mineralization from 336.19m to 436.78m, an additional 100.59m down dip. The TSCu envelope in this drill hole now extends from a core interval of 249.33m to 436.78m. The objective of the sampling program was to either fill data gaps identified in previous sampling programs or extend the limits of the TSCu envelope to better define the boundary between the Transitional and Sulphide copper domains within the Van Dyke deposit. Analytical results for three drill holes yielded below cutoff (0.025% TSCu) copper concentrations. Quality Control, Sampling and Analytical ProceduresCopper Fox follows a rigorous Quality Assurance/Quality Control program. The 2026 sampling program consisted of 359 samples consisting of 332 pulp and core samples, 18 certified reference standards and 9 blanks from 29 historical drillholes.Skyline Assayers and Laboratories Inc. (Accreditation 2953.01 and Standard ISO/IEC 17025: 2017) located in Tucson, Arizona completed sample preparation and analysis. The Transitional zone of the Van Dyke deposit is a mixture of acid soluble minerals (malachite, azurite, chrysocolla) and chalcocite, a secondary copper sulphide. Samples were prepared using preparation code SP-1 - Crush to plus 75% -10 mesh, split and pulverize with standard steel to plus 95% -150 mesh and analyzed using analytical code Cu-PKG06LI for Sequential leach to determine acid soluble, cyanide soluble, and residual copper in the samples. Qualified PersonElmer B. Stewart, MSc. P. Geol., President, and CEO of Copper Fox, is the Company's non-independent, nominated Qualified Person pursuant to National Instrument 43-101, Standards for Disclosure for Mineral Projects, and has reviewed and approves the scientific and technical information disclosed in this news release.About Copper FoxCopper Fox is a Canadian resource company focused on copper development and exploration in the United States and Canada. Copper Fox and its subsidiaries own 100% of the Van Dyke ISCR project, a development stage, potential near term, mid-size copper mine in Arizona and a 25% interest in the Schaft Creek Joint Venture with Teck Resources Limited (75% interest and Operator) which hosts the Schaft Creek copper-gold-molybdenum-silver project in British Columbia's Golden Triangle. In addition, Copper Fox owns 100% of the resource stage Eaglehead polymetallic porphyry copper project in northwestern British Columbia and the Sombrero Butte and Mineral Mountain advanced exploration stage porphyry copper projects located in the prolific Laramide age copper province in Arizona. For more information on Copper Fox's mineral properties and investments visit the Company's website at www.copperfoxmetals.com.On behalf of the Board of DirectorsElmer B. Stewart
President and Chief Executive OfficerFor additional information: Lynn Ball at
CA Market News
2月前
Copper Fox Provides PEA and Operational Update on Van Dyke ISCR ProjectApril 21, 2026 7:00 AM
NewsfileCalgary, Alberta--(Newsfile Corp. - April 21, 2026) - Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) (FSE: HPU) ("Copper Fox" or the "Company"), through its wholly owned subsidiary Desert Fox Van Dyke Co., is pleased to provide an update on the Van Dyke ISCR project located in the Globe-Miami Mining District, Gila County, Arizona. Preparation of the preliminary economic assessment (PEA) and development of the 3-D numerical groundwater flow model continues to advance at a steady pace. The Van Dyke copper project is recognized as a potential near term, mid-size, environmentally friendly, sustainable copper project with a 17-year mine life and a production capacity of 85 million pounds of Grade A 99.99% pure copper cathode per year located in the center of the prolific Miami-Inspiration Mining District, approximately 90 miles east of the recently commissioned Florence ISCR copper project. ActivitiesLocations for the underground access to the deposit, SX-EW plant and related infrastructure have been selected.An updated mineral resource estimate (MRE) to support the PEA is planned.A preliminary semi-regional 3-D groundwater flow model has been constructed; calibration of the model is in progress.Two additional hydrogeological monitoring and groundwater sampling sites are expected to come online in May 2026.Elmer B. Stewart, President and CEO of Copper Fox, stated, "We are pleased with the progress of the PEA and look forward to preparation of an updated MRE that could potentially impact both the resource classification and amount of contained soluble copper in the deposit. The preliminary groundwater flow modelling, which has benefitted significantly from the vast amount of available hydrogeological data from the greater Miami area, is progressing and expected to better inform predicting the "sweep" efficiency, (essentially a measure of how effectively the leaching fluid contacts and dissolves the soluble copper minerals from a deposit) and future copper production."Updated PEA
The updated PEA will be prepared in accordance with the Canadian disclosure requirements of National Instrument 43-101 - Standards and Disclosures for Mineral Projects (NI 43-101) and the requirements of Form 43-101 F1. Moose Mountain Technical Services will manage preparation of the PEA supported by RGC Hydro Services LLC, Samuels Engineering, and Stantec. This PEA team has considerable direct experience with advanced stage ISCR copper projects in Arizona including the recently commissioned Florence ISCR copper mine located approximately 90 miles west of the Van Dyke project. Updated MRE
A total of 369 samples has been collected from 29 drillholes from the lower Oxide and Transitional mineral zones within the Van Dyke deposit to fill in gaps in previously sampled intervals, close open-ended mineralized intervals and previously unsampled drillholes, including DDH M-2. The Transitional zone of the Van Dyke deposit is a mixture of acid soluble minerals (malachite, azurite, chrysocolla) and chalcocite, a secondary copper sulphide. Core sample from DDH M-2 at the core interval of 284.45m showing fracture-controlled azurite (blue) and malachite (green) copper mineralization. To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2177/293499_70b4ef7aa4d67b5d_001full.jpgPreliminary Groundwater Flow Model
The 3D geological block model and construction of the preliminary groundwater flow model for the Bloody Tanks drainage basin and the Van Dyke project have been completed. The 3D geological block model focussed on regional scale structures that may affect groundwater flow within the modelled area and forms the basis for advancing the groundwater flow modelling. Populating the groundwater flow model with all available hydrogeological data and calibration of the model to reflect the recorded data is underway. Hydrogeology and Groundwater Sampling
Two additional hydrogeology and groundwater sampling sites to measure hydrostatic changes and sampling for water quality purposes are expected to be on-line by the end of May 2026. These sites increase the density of sample sites within the sampling grid across the project and allow for the collection of additional data to measure the variation in the hydrostatic parameters and water quality across the property.Quality Control, Sampling and Analytical Procedures
Copper Fox follows a rigorous Quality Assurance/Quality Control program. A total of 359 core samples, 18 commercial certified reference material (CRM) standards, and 9 blanks were submitted for analysis. The standards are certified for Sequential copper leach analysis.Skyline Assayers and Laboratories Inc. (Accreditation 2953.01 and Standard ISO/IEC 17025:2017) located in Tucson, Arizona will complete the sample preparation and analysis for the Van Dyke samples. Samples were prepared using preparation code SP-1 - Crush to plus 75% -10 mesh, split and pulverize with standard steel to plus 95% -150 mesh. Analytical code Cu-PKG06LI will be used for Sequential leach to determine oxide, sulfide, and residual copper fractions in the samples.Qualified Person
Elmer B. Stewart, MSc. P. Geol., President, and CEO of Copper Fox, is the Company's non-independent, nominated Qualified Person pursuant to National Instrument 43-101, Standards for Disclosure for Mineral Projects, and has reviewed and approves the scientific and technical information disclosed in this news release.About Copper Fox
Copper Fox is a Canadian resource company focused on copper development and exploration in the United States and Canada. Copper Fox and its subsidiaries own 100% of the Van Dyke ISCR project, a development stage, potential near term, mid-size copper mine in Arizona and a 25% interest in the Schaft Creek Joint Venture with Teck Resources Limited (75% interest and Operator) which hosts the Schaft Creek copper-gold-molybdenum-silver project in British Columbia's Golden Triangle. In addition, Copper Fox owns 100% of the resource stage Eaglehead polymetallic porphyry copper project in northwestern British Columbia and the Sombrero Butte and Mineral Mountain advanced exploration stage porphyry copper projects located in the prolific Laramide age copper province in Arizona. For more information on Copper Fox's mineral properties and investments visit the Company's website at www.copperfoxmetals.com.On behalf of the Board of DirectorsElmer B. Stewart
President and Chief Executive OfficerFor additional information contact: Lynn Ball at 1-844-464-2820 or investor@copperfoxmetals.com.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Information
This news release contains forward-looking statements within the meaning of the Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and forward-looking information within the meaning of the Canadian securities laws (collectively, "forward-looking information"). Forward-looking information is identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "budgets," "could," "estimates," "expects," "forecasts," "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release includes statements about: an updated PEA; mine access; SX-EW plant and related infrastructure sites; an updated MRE; preliminary semi-regional 3-D numerical groundwater flow modelling; and additional hydrogeological monitoring and ground water sampling sites. In connection with the forward-looking information contained in this news release, Copper Fox and its subsidiaries have made numerous assumptions regarding, among other things: completing the planned geometallurgical program; the availability of service providers; the geological, metallurgical, engineering, financial and economic advice that Copper Fox has received is reliable and is based upon practices and methodologies which are consistent with industry standards; and the stability of economic and market conditions. While Copper Fox considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.Additionally, there are known and unknown risk factors which could cause Copper Fox's actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include among others: the updated PEA may not be completed as planned or at all; the mine access; SX-EW plant and related infrastructure sites may not be used as planned or at all; the updated MRE may not be completed as planned or at all; the preliminary semi-regional 3-D numerical groundwater flow modelling may not be completed as planned or at all; and the additional hydrogeological monitoring and ground water sampling sites may not be installed as planned or at all; the overall economy may deteriorate; uncertainty as to the availability and terms of future financing; fluctuations in commodity prices and demand; uncertainty related to potential threat of tariffs; currency exchange rates; and uncertainty as to timely availability of permits and other governmental approvals.A more complete discussion of the risks and uncertainties facing Copper Fox is disclosed in Copper Fox's continuous disclosure filings with Canadian securities regulatory authorities at www.sedarplus.ca. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Copper Fox disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events, or developments, except as required by law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/293499
Original: Copper Fox Provides PEA and Operational Update on Van Dyke ISCR Project
CA Market News
3月前
Copper Fox Intersects Porphyry Copper System at Mineral MountainApril 7, 2026 6:00 AM
NewsfileCalgary, Alberta--(Newsfile Corp. - April 7, 2026) - Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) (FSE: HPU) ("Copper Fox" or the "Company") and its wholly owned subsidiary, Desert Fox Mineral Mountain Co. ("Desert Fox"), are pleased to report that diamond drillhole (DDH) MM-01-2025 intersected the outer propylitic zone of a blind porphyry copper system. The overlapping, mixed assemblages of early stage, high temperature chalcopyrite-bornite-molybdenite veins with early potassic and later sericitic envelopes and lower temperature pyrite-epidote-chlorite veins with sericitic and propylitic envelopes indicate the broad spectrum of hydrothermal temperature and oxidization conditions in an evolved porphyry copper system exhibiting several phases of copper and molybdenum mineralization and indications of hypogene enrichment. Elmer B. Stewart, President, and CEO of Copper Fox, stated, "Results indicate that DDH MM-01-2025 intersected the shoulder of the porphyry copper system and advanced our understanding of the relationship between the porphyry footprint, the buried chargeability anomaly, and the possible location of the yet undrilled core of the porphyry system. Drillhole MM-02-2025 located approximately 1.3 kilometers (km) northeast of DDH MM-01-2025 is in progress evaluating another portion of the large, open-ended chargeability anomaly underlying the porphyry footprint. Petrographic studies, whole rock analysis and age dating of the intrusive phases in DDH MM-01-2025 to further define this portion of the porphyry system are planned."HighlightsThe multiple assemblages of copper (Cu), copper-molybdenum (Cu-Mo) and molybdenum (Mo) veins and associated gangue minerals represent both proximal and distal styles of porphyry copper mineralization typically observed in the outer margin of a porphyry copper system.The upper portion of the drillhole exhibits weak phyllic altered porphyritic biotite-hornblende granodiorite that transitioned to propylitic altered fine grained biotite granodiorite to the end of the hole.The presence of early-stage high temperature indicator minerals (powellite-scheelite), vein alteration envelopes and pervasive late-stage calcium metasomatism (fluorescent red calcite) represent the range of temperature conditions typically seen in porphyry copper systems. The Cu, Cu-Mo and Mo mineralization occurs in quartz veins with subordinate amounts in fractures and as disseminations in the alteration envelopes and surrounding wall rock. The angle to core axis measurement of the mineralized veins suggests the core of the porphyry is located to the east of DDH MM-01-2025.The drillhole intersected eight intervals of metal enrichment. Cu concentrations within these intervals range from 200 to 2,887 parts per million (ppm) (0.288%), Mo concentrations range from 5 to greater than 1,000 ppm (0.10%), and silver (Ag) concentrations range from 1 ppm to 18.2 ppm. The Mineral Mountain project is located on a prolific northeast trending porphyry copper belt approximately 25km southwest of Rio Tinto and BHP's giant Resolution porphyry copper-molybdenum deposit and approximately 20km northeast of the recently commissioned Florence ISCR copper mine (Figure-1).Figure-1: Regional setting of the Mineral Mountain porphyry copper project on NE trending porphyry copper beltTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2177/291373_300cbcf874172b93_001full.jpgLithologies
Porphyritic medium grained biotite-hornblende granodiorite occurs from surface to a core depth of 348 meters (m). The interval from 348.57 to 377.2m consists of late-stage post mineralization intrusive dikes (earliest to latest) crowded dark Quartz-Feldspar porphyry and light green, weakly porphyritic Quartz Feldspar porphyry. Several thin porphyritic Quartz Feldspar porphyry dikes occur throughout the drillhole. The lower portion of the hole (377.2 to 847m) intersected fine grained biotite hornblende granodiorite underlain by a 5m thick hybrid zone marking the intrusive contact between a diorite and the PreCambrian age Pinal Schist. Analytical Results
Laramide age porphyry copper systems typically contain Cu-Mo-Ag and typically low concentrations of gold (Au). Table-1 shows the intervals of metal enrichment and the weighted average concentration of Cu-Mo and Ag for selected intervals from within the metal enrichment intervals. Figure-2 shows a schematic representation of the Cu and Mo concentrations in DDH MM-01-2025. Selected samples with variable Cu concentrations were submitted for Au analyses and returned Au values between 5 to 71 parts per billion (ppb). Cu and Au show a positive correlation whereas Mo exhibits a negative correlation with Au. Samples with greater than 1,000ppm Mo will be submitted for re-analyses to determine the actual Mo concentration. Between the intervals of metal enhancement, multiple, sporadic quartz-copper, quartz-copper-molybdenum and quartz-molybdenum veins occur. Sporadic quartz-pyrite veins and fracture-controlled pyrite occurs sporadically from 369 to 475m. Table-1: Weighed average metal concentrations of selected intervals with intervals of metal enrichment.MEI (from - to in meters)From (m)To (m)Int. (m)Cu (ppm)Mo (ppm)Ag (ppm)CommentsInterval 1 (14 - 34m)20.0026.006.0048134.00.52
Interval 2 (61 - 68m)61.0068.007.006548.22.061 sample yielded 10ppm AgInterval 3 (111 - 118m)113.00118.005.00553204.61.301 sample > 1000ppm MoInterval 4 (124 - 176m)124.00125.001.001179100.04.20
Interval 4 (124 - 176m)130.00131.001.00176530.71.10
Interval 5 (187 - 211m)200.00211.0011.004354.51.48
Interval 6 (269 - 299m)283.00293.0010.0052664.30.71
Sporadic qtz-cpy-bn-mo veins399.00400.001.002840446.02.60
Sporadic qtz-cpy-mo veins479.00480.001.0010652.118.30
Interval 7 (591 to 593m)591.00593.002.001430>10007.251 sample yielded 11ppm AgInterval 8 (616 to 648m)622.00635.0013.006137.22.03
Notes: MEI = metal enrichment interval, Cu = copper, Mo = molybdenum, Ag = silver, ppm = parts per million, m = meters
True thickness/widths of the mineralization are unknown.For purposes of this news release, metal concentration of greater than 200ppm Cu, 5ppm Mo and 1ppm Ag are considered significant. Average background concentrations for Cu in non-mineralized intervals are 50ppm, Mo 0.7ppm and Ag 0.3ppm. A total of 77 samples returned Cu concentrations ranging from 200 to 2,880ppm (0.228%), 54 samples ranging from 5 to greater than 1,000ppm (0.10%) Mo and 57 samples ranging from 1 to 18.3ppm Ag occur within the hole. Figure-2: Schematic section showing lithologies and analytical results superimposed on chargeability pseudo-section in DDH MM-01-2025. Cu scale capped at 1,000ppm and Mo scale capped at 200ppm for illustrative purposes. To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2177/291373_300cbcf874172b93_002full.jpgVein Assemblages
The Cu, Cu-Mo and Mo mineralization occurs primarily in quartz veins with subordinate amounts occurring on fractures and as disseminations in the alteration envelopes surrounding quartz veins. The vein types observed in DDH MM-01-2025 include: qtz-kspar-cpy-bn, qtz-cpy-bn-mo, qtz-mo+/- py, qtz-cpy+/- epi, as well as qtz-mag, qtz-kspar-py, qtz-hem-cal, py +/-epi-chl. and discrete epidote and chlorite veinlets. The age relationships between the vein sets have not been established. Photographs of the Cu-Mo mineralization in DDH MM-01-2025 are shown below. DDH MM-01-2025 Core PhotosTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2177/291373_coreimages.jpgNotes: qtz=quartz, cpy-chalcopyrite, bn=bornite, mo=molybdenite, kspar=hydrothermal potassium feldspar, hem=hematite (after magnetite), mag=magnetite, py=pyrite, epi=epidote, cal=calcite, chl=chlorite). Alteration
The upper portion of DDH MM-01-2025 exhibits pervasive weak to moderate sericitic alteration that overprints sporadic, early stage kspar alteration. The core interval from 600 to 800m marks the interpreted outer edge of the propylitic alteration halo around the yet undrilled core of the porphyry system. Early-stage high temperature minerals include sporadic vein hosted scheelite and powellite mineralization. Late-stage mineralization includes moderate to intense calcium metasomatism shown by the presence of fluorescent red calcite. DDH MM-02-2025 Update
DDH MM-02-2025 is located approximately 1.3km northeast of DDH MM-01-2025 (see Figure-3) and is testing the northeast extension of the chargeability/resistivity anomaly outlined in 2024. The drillhole is in progress and information on this drillhole will be made available when the drillhole has been completed and analytical results received. Figure-3: Mineral Mountain Project Drill Hole location map superimposed on copper-molybdenum mineralization and 400m depth slice (below surface) of the 14mrad chargeability anomaly. To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2177/291373_300cbcf874172b93_007full.jpgDrillhole InformationDDH IDEasting NorthingElev (masl)Dip (deg)Azi (deg) Depth (m)MM-01-20254775803667582618-75290860.7MM-02-2025 4786603667905663-85180drilling Drilling and Sampling Procedures
The upper 396.83m portion of DDH-01-2025 was completed using HQ rods before reducing to NQ diameter rods. Overall core recovery was estimated to be greater than 95%. After cutting with a diamond saw, one half of the core was collected for sample preparation and analysis, and the other half was retained onsite for future reference. Sample intervals selected do not cross lithological boundaries and ranged from 1.00 to 3.00m in length depending on the presence of Cu and/or Mo mineralization. Quality Control (QA/QC)
Copper Fox follows a rigorous Quality Assurance/Quality Control program. A total of 396 core samples were submitted as part of the drill core analysis including 7 split-core duplicates, 17 commercial certified reference material (CRM) standards, and 34 blanks. The matrix material of the CRM's matches the Mineral Mountain geology. All standards are certified for 4-acid digestion.Skyline Assayers and Laboratories Inc. (Accreditation 2953.01 and Standard ISO/IEC 17025:2017) located in Tucson Arizona completed the sample preparation and analysis for the Mineral Mountain samples. Samples were prepared using preparation code SP-1 - Crush to plus 75% -10 mesh, split and pulverize with standard steel to plus 95% -150 mesh. Analytical code TE-7 - was used for Trace Elements by Multi Acid (with HF), Ag, As, Hg, Sb, Se, Te concentrations were determined by Aqua Regia, ICP-OES/ICP-MS (49 elements)Qualified Person
Elmer B. Stewart, MSc. P.Geo., President, and CEO of Copper Fox, is the Company's non-independent, nominated Qualified Person pursuant to National Instrument 43-101, Standards for Disclosure for Mineral Projects, and has reviewed and approves the scientific and technical information disclosed in this news release.About Copper Fox
Copper Fox is a Canadian resource company focused on copper development and exploration in the United States and Canada. Copper Fox and its subsidiaries own 100% of the Van Dyke ISCR project, a development stage, potential near term, mid-size copper mine in Arizona and a 25% interest in the Schaft Creek Joint Venture with Teck Resources Limited (75% interest and Operator) which hosts the Schaft Creek copper-gold-molybdenum-silver project in British Columbia's Golden Triangle. In addition, Copper Fox owns 100% of the resource stage Eaglehead polymetallic porphyry copper project in northwestern British Columbia and the Sombrero Butte and Mineral Mountain advanced exploration stage porphyry copper projects located in the prolific Laramide age copper province in Arizona. For more information on Copper Fox's mineral properties and investments visit the Company's website at www.copperfoxmetals.com.For additional information contact: Lynn Ball at 1-844-464-2820 or investor@copperfoxmetals.com.On behalf of the Board of DirectorsElmer B. Stewart
President and Chief Executive OfficerNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Information
This news release contains forward-looking statements within the meaning of the Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and forward-looking information within the meaning of the Canadian securities laws (collectively, "forward-looking information"). Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "budgets," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release includes statements regarding; results of DDH MM-01-2025; a porphyry copper system; porphyry style mineralization and alteration; quartz vein hosted copper and molybdenum mineralization and interpreted Laramide age intrusive rocks. In connection with the forward-looking information contained in this news release, Copper Fox and its standards have made numerous assumptions regarding, among other things: the geological advice that Copper Fox has received is reliable and is based upon practices and methodologies which are consistent with industry standards; and the reliability of historical reports. While Copper Fox considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.Additionally, there are known and unknown risk factors which could cause Copper Fox's actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include among others: the results of DDH MM-01-2025 may not represent a porphyry copper system; the porphyry style mineralization and alteration may not be indicative of or represent a porphyry copper system; the intrusive rocks may not be of Laramide age; further exploration may not locate additional porphyry style mineralization, the financial markets and the overall economy may deteriorate; the need to obtain additional financing and uncertainty as to effects of threatened tariffs, timely availability of permits and other governmental approvals.A more complete discussion of the risks and uncertainties facing Copper Fox is disclosed in Copper Fox's continuous disclosure filings with Canadian securities regulatory authorities at www.sedarplus.ca. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Copper Fox disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events, or developments, except as required by law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/291373
Original: Copper Fox Intersects Porphyry Copper System at Mineral Mountain
CA Market News
3月前
Copper Fox Announces 2026 Schaft Creek ProgramApril 6, 2026 6:00 AM
NewsfileCalgary, Alberta--(Newsfile Corp. - April 6, 2026) - Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) (FSE: HPU) ("Copper Fox" or the "Company") is pleased to provide an overview of the planned 2026 program at Schaft Creek, focused on addressing key aspects required in transitioning the project to the Pre-Feasibility Stage. The Schaft Creek project is managed through the Schaft Creek Joint Venture ("SCJV"). Teck Resources Limited ("Teck") is the Operator of the SCJV and holds a 75% interest with Copper Fox holding the remaining 25% interest. The Schaft Creek deposit, located in northwestern British Columbia, is one of the largest undeveloped porphyry copper deposits in North America that contains significant gold-molybdenum-silver by-products. Highlights of the 2026 program are:HighlightsPlanned expenditures in 2026 of C$9.1 million. Addresses key aspects of the Scoping Study review including a technical review of the geological model, metallurgical testwork, tailings and mine plan options analysis and access road trade-off studies. Preparation for the Pre-Feasibility Study.Limited camp maintenance and environmental sampling field program. BC Hydro System Impact Study.Elmer B. Stewart, President and CEO of Copper Fox, stated, "Copper Fox is pleased with the scope and direction of the 2026 budget and program. The emphasis on the project is transitioning from data collection to assessing the technical status of the project and is forward-looking in terms of energy requirements. The close out of the Scoping Stage review is a critical aspect of project development in preparation for entering the Pre-Feasibility Stage."Technical Reviews
Since completion of the 2021 Preliminary Economic Assessment, the SCJV has conducted a series of investigations designed to advance key project parameters of the project. The reviews planned in 2026 are focused on assessing the status of each of these key project parameters and identifying possible data gaps to determine if additional studies are required to meet the threshold for a Pre-Feasibility Study for the Schaft Creek project in accordance with industry standards.System Impact Study
A major component of project planning is to determine its energy requirements and to ensure access to the energy required to meet operating requirements. The SCJV has retained BC Hydro to complete a System Impact Study to better understand the energy requirements of the Schaft Creek project and its impact on the British Columbia electrical grid. The study is expected to take several years to complete. Field Program
The 2026 field program is focused on completing maintenance and upgrades to the camp for future programs and conducting limited environmental data collection. Qualified Person
Elmer B. Stewart, MSc. P. Geol., President and CEO of Copper Fox, is the Company's non-independent, nominated Qualified Person pursuant to National Instrument 43-101, Standards for Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information disclosed in this news release. About Copper Fox
Copper Fox is a Canadian resource company focused on copper development and exploration in the United States and Canada. Copper Fox and its subsidiaries own 100% of the Van Dyke ISCR project, a development stage, potential near term, mid-size copper mine in Arizona and a 25% interest in the Schaft Creek Joint Venture with Teck Resources Limited (75% interest and Operator) which hosts the Schaft Creek copper-gold-molybdenum-silver project in British Columbia's Golden Triangle. In addition, Copper Fox owns 100% of the resource stage Eaglehead polymetallic porphyry copper project in northwestern British Columbia and the Sombrero Butte and Mineral Mountain advanced exploration stage porphyry copper projects located in the prolific Laramide age copper province in Arizona. For more information on Copper Fox's mineral properties and investments visit the Company's website at www.copperfoxmetals.com.For additional information contact: Lynn Ball at 1-844-464-2820 or investor@copperfoxmetals.com.On behalf of the Board of DirectorsElmer B. Stewart
President and Chief Executive OfficerNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of the Canadian securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "budgets", "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release includes statements regarding the 2026 budget and program; reviewing key project parameters; preparation for a Pre-Feasibility Study; camp upgrades and Baseline Environmental Program; and a Systems Impact Study.In connection with the forward-looking information contained in this news release, Copper Fox and its subsidiaries have made numerous assumptions, regarding, among other things: the geological, metallurgical, engineering, financial and economic advice that Copper Fox has received is reliable and is based upon practices and methodologies which are consistent with industry standards. While Copper Fox considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies. Additionally, there are known and unknown risk factors which could cause Copper Fox's actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: the 2026 budget and program may not be completed as planned or at all; the key project parameters may not be reviewed as planned or at all; preparation for a Pre-Feasibility Study may not be completed as planned or at all; camp upgrades and Baseline Environmental Program may not be completed as planned or at all; the Systems Impact Study may not be completed as planned or at all; the need to obtain additional financing; uncertainty as to the availability and terms of future financing.A more complete discussion of the risks and uncertainties facing Copper Fox is disclosed in Copper Fox's continuous disclosure filings with Canadian securities regulatory authorities at www.sedarplus.ca. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Copper Fox disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events, or developments, except as required by law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/291028
Original: Copper Fox Announces 2026 Schaft Creek Program
CA Market News
3月前
Copper Fox Announces Q1 2026 Results and Project UpdatesMarch 25, 2026 10:40 PM
NewsfileCalgary, Alberta--(Newsfile Corp. - March 25, 2026) - Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) (FSE: HPU) ("Copper Fox" or the "Company") announces that its that its unaudited interim consolidated January 30, 2026, financial statements have been filed on SEDAR+. For the Quarter ended January 31, 2026, Copper Fox had a net loss of $242,857 (October 31, 2025 - $1,071,237) which equated to $0.00 loss per share (October 31, 2025 - $0.00 loss per share).Elmer B. Stewart, President and CEO of Copper Fox, stated, "During the Quarter, Copper Fox made significant progress advancing its objective of completing a prefeasibility study (PFS) on its Van Dyke project. With the early stage works of the preliminary economic assessment (PEA) in progress, advancing the hydrogeological studies is expected to add significant insight into understanding solution flow within the Van Dyke deposit, a critical parameter in estimating the sweep efficiency and predict expected future copper production. At Mineral Mountain, the first drillhole in its "maiden" drilling program has been completed, the drill was moved to the second drillhole, approximately 1.3km to the northeast to test another portion of this very large porphyry copper target. The Multi Year Area Based (MYAB) permit application for the Eaglehead project has been submitted to the BC Ministry of Mines. Work plans for conducting additional exploration at Sombrero Butte to locate potential drillhole locations are underway. At Schaft Creek, the majority of the 2025 activities have been reported, however the results of the metallurgical testwork remain outstanding. Copper Fox expects to provide updates on both the Schaft Creek and Mineral Mountain projects shortly."During the Quarter ended January 31, 2026, the Company incurred $1,114,656 in expenditures toward furthering the development of its Schaft Creek and Van Dyke copper projects and further exploration of its Eaglehead, Sombrero Butte and Mineral Mountain copper projects. Copies of the financial statements, notes, and related management discussion and analysis may be obtained on SEDAR+ at www.sedarplus.ca, the Company's web site at www.copperfoxmetals.com or by contacting the Company directly. All references to planned activities and technical information contained in this news release have been previously announced by way of news releases. All amounts are expressed in Canadian dollars unless otherwise stated.Q1-2026 HighlightsAnnounced an update on the strategy and activities required to position the Van Dyke project to transition to the PFS stage and the execution of non-binding letters of intent to access industrial water for leaching purposes and an offtake agreement for the material excavated from the proposed underground excavation. Results of the 2025 drilling program at Schaft Creek which included intersecting mineralization 500m south of the Liard zone. Analytical results include:DDH SCK-25-478, intersected a 67.27m core interval (357.73 to 425.00m) that averaged 0.286% copper, trace molybdenum, 1.814g/t gold and 1.77g/t silver that included an 11.5m core interval (408.50 to 420.00m) that averaged 0.381% copper, trace molybdenum, 9.352g/t gold and 2.67g/t silver.DDH SCK-25-480, intersected a 181.50m core interval (21.00 to 202.50m) that averaged 0.299% copper, 0.006% molybdenum, 0.088g/t gold and 0.96g/t silver, that included a 15.00m core interval (110.90 to 125.90m) that averaged 0.562% copper, 0.009% molybdenum, 0.131g/t gold and 1.70g/t silver. Announced the results of merging the chargeability and resistivity data from the geophysical surveys completed on the Eaglehead porphyry copper project between 2014 and 2025.Subsequent to the Quarter EndedCompleted a non-brokered private placement of approximately $3,000,000 in gross proceeds by issuing 4,615,384 common shares at a price of $0.65 per share.Announced commencing the PEA on the Van Dyke project along with a 3-D numerical groundwater flow model and continued hydrogeological data collection. Announced 2025 results from the Schaft Creek ongoing geotechnical, hydrogeological, environmental, and meteorological studies.Van Dyke, Arizona
With the Van Dyke project having the potential to become a near term scalable, ESG-aligned mid-size copper mine, having the right team to complete the updated PEA is a major step in advancing the project to the PFS stage. A critical portion of advancing the project is demonstrating to the federal and state regulatory bodies that future leaching operations can be conducted in a safe, environmentally friendly manner. To achieve this, understanding fluid flow patterns within the Van Dyle project is critical to configure the well field design to contain and recover the leaching fluids, but also provides data that can be used to estimate the sweep efficiency which impacts predicted copper production, both critical aspects of maximizing the economics of the Van Dyke project. Early works related to the updated PEA, consisting of locating sites for the portal to the decline to access the deposit and the location of the SX-EW plant and related facilities, core sampling to confirm the limits of the recoverable copper mineralization and meetings with the Town of Miami on obtaining a permit to conduct future drill programs were completed. The semi-regional 3-D numerical groundwater flow modelling to assess the groundwater flow within the Bloody Tanks Wash drainage basin and its effect on the groundwater within the Van Dyke project along with hydrogeology monitoring and sampling to detect changes in water quality continue. Mineral Mountain, Arizona
During the Quarter, the first ever drilling program on the large Laramide age porphyry target at Mineral Mountain commenced. The project is located on a prolific copper trend in Arizona, approximately 25km southwest of the giant Resolution porphyry copper deposit and 20km northeast of the Florence ISCR deposit. The preparation of a news release announcing preliminary details for DDH MM-01-2025 is underway and is expected to be released shortly, with DDH MM-02-2025 still being drilled.Schaft Creek, British Columbia
At Schaft Creek, total expenditures by the Schaft Creek Joint Venture (SCJV) from inception in 2013 to the end of 2025 is approximately $90 million. Since completion of the 2021 Schaft Creek PEA, the SCJV has focused on completing a series of studies to advance the project from the PEA to the PFS stage and using the data collected from these studies to assess the potential impact of project development on the local environment. These studies are an integral part of an ongoing process of collecting data and identifying data gaps on which to base future programs to achieve the PFS level in accordance with industry standards. The 2025 drill results south of the Schaft Creek deposit combined with the 2024 drill results north of the deposit imply significant resource expansion potential to develop a long-life copper asset for the SCJV. The 2026 Schaft Creek budget and program are expected to be released shortly.Eaglehead, British Columbia
At Eaglehead, a MYAB permit application has been submitted to the BC Ministry of Mines. Receipt of this permit is fundamental to allow additional exploration to advance this project to the PEA stage. Sombrero Butte, Arizona
The Sombrero Butte project has advanced to the drill ready stage to test the large Laramide age porphyry copper target located in the center of the project. Selecting drillhole locations that provide the best chance of intersecting the copper shell of the porphyry system is an important part of preparing a Plan of Operation (PoO). Considering the positive results from the re-modelling of the 2024 geophysical data and recent surface mapping, Copper Fox has delayed preparation of the PoO to conduct additional field work to select the drillhole locations that provide the best possible chance of intersecting the "copper shell" of the porphyry system. Elmer B. Stewart, MSc, P.Geo, President of Copper Fox, is the Company's non-independent, nominated Qualified Person pursuant to National Instrument 43-101, Standards for Disclosure for Mineral Projects, and has reviewed and approves the scientific and technical information disclosed in this news release.Selected Financial Results
3 Months Ended
3 Months Ended
3 Months Ended
3 Months Ended
January 31, 2026
October 31, 2025
July 31, 2025
April 30, 2025
Loss before taxes$242,857
$336,885
$295,679
$374,058
Net loss
242,857
164,538
295,679
374,058
Comprehensive (gain) / loss
964,419
(100,174)
197,381
1,225,382
Comprehensive loss per share,
basic and diluted
0.00
0.00
0.00
0.00
3 Months Ended
3 Months Ended
3 Months Ended
3 Months Ended
January 31, 2025
October 31, 2024
July 31, 2024
April 30, 2024
Loss before taxes$236,962
$261,484
$293,185
$302,668
Net loss
236,962
(219,427)
293,185
302,668
Comprehensive (gain) / loss
(461,245)
(402,630)
199,185
(167,104)Comprehensive loss per share,
basic and diluted
0.00
0.00
0.00
0.00
Liquidity
As at January 31, 2026, the Company's cash position was $306,730 (October 31, 2025- $686,236) and as of the date of this news release the Company's cash position is $1,308,194.About Copper Fox
Copper Fox is a Canadian resource company focused on copper development and exploration in the United States and Canada. Copper Fox and its subsidiaries own 100% of the Van Dyke ISCR project, a development stage, potential near term, mid-size copper mine in Arizona and a 25% interest in the Schaft Creek Joint Venture with Teck Resources Limited (75% interest and Operator) which hosts the Schaft Creek copper-gold-molybdenum-silver project in British Columbia's Golden Triangle. In addition, Copper Fox owns 100% of the resource stage Eaglehead polymetallic porphyry copper project in northwestern British Columbia and the Sombrero Butte and Mineral Mountain advanced exploration stage porphyry copper projects located in the prolific Laramide age copper province in Arizona. For more information on Copper Fox's mineral properties and investments visit the Company's website at www.copperfoxmetals.com.On behalf of the Board of Directors,Elmer B. Stewart
President and Chief Executive OfficerFor additional information contact Lynn Ball at 1-844-464-2820, investor@copperfoxmetals.com Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Information
This news release contains forward-looking statements within the meaning of the Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and forward-looking information within the meaning of the Canadian securities laws (collectively, "forward-looking information"). Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "budgets", "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release include statements regarding; advancing the Schaft Creek and Van Dyke projects to the PFS stage; Van Dyke hydrogeological studies adding significant insight; completing a PEA on Van Dyke; moving the Eaglehead project toward the PEA study stage; completing a work program for Sombrero Butte; and providing updates on Schaft Creek and Mineral Mountain projects shortly.In connection with the forward-looking information contained in this news release, Copper Fox and its subsidiaries have made numerous assumptions regarding, among other things: the geological, financial, and economic advice that Copper Fox has received is reliable and is based upon practices and methodologies which are consistent with industry standards; and the stability of economic and market conditions. While Copper Fox considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies. Additionally, there are known and unknown risk factors which could cause Copper Fox's actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: the Van Dyke and Schaft Creek projects may not advance to the PFS stage; the maiden drilling program at Mineral Mountain may not be successful; the PEA may not get completed at Van Dyke; Eaglehead may not receive an approved MYAB permit; work programs at Sombrero Butte may not get started; the overall economy may deteriorate; uncertainty as to the availability and terms of future financing; copper prices and demand may fluctuate; currency exchange rates may fluctuate; conditions in the financial markets may deteriorate; and uncertainty as to timely availability of permits and other governmental approvals. A more complete discussion of the risks and uncertainties facing Copper Fox is disclosed in Copper Fox's continuous disclosure filings with Canadian securities regulatory authorities at www.sedarplus.ca. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Copper Fox disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events, or developments, except as required by law. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/290026
Original: Copper Fox Announces Q1 2026 Results and Project Updates
CA Market News
4月前
Copper Fox Provides Update on Results of 2025 Program at Schaft CreekMarch 13, 2026 6:00 AM
NewsfileCalgary, Alberta--(Newsfile Corp. - March 13, 2026) - Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) (FSE: HPU) ("Copper Fox" or the "Company") is pleased to announce receipt of the geotechnical, environmental, and hydrogeological program reports completed on the Schaft Creek project in 2025. The Schaft Creek project is managed through the Schaft Creek Joint Venture ("SCJV"). Teck Resources Limited ("Teck") is the Operator of the SCJV and holds a 75% interest with Copper Fox holding the remaining 25% interest. The Schaft Creek deposit, located in northwestern British Columbia, is one of the largest undeveloped porphyry copper deposits in North America that contains significant gold-molybdenum-silver by-products. The 2025 program (see news release dated January 30, 2025) was budgeted at C$15.8 million and focused on furthering technical investigations on key infrastructure parameters included drilling, geophysical surveys, archeological investigations and environmental baseline studies in alignment with Tahltan Nation's cultural and social traditions. Elmer B. Stewart, President, and CEO of Copper Fox, stated, "These studies form part of an ongoing program to collect, geotechnical, hydrogeological, environmental, and meteorological data to guide planning for future programs and support these important aspects of project development. The data from the 2025 field program indicates no significant changes from results of prior studies and conclude that the current geotechnical databases for the open pit and rock storage footprint are sufficient to support a scoping level of study. The 2025 studies recommend future programs to provide support for permitting activities and augment these databases to meet threshold industry standards for a preliminary feasibility level of study."Geotechnical
The geotechnical review included a comprehensive assessment of the geotechnical and hydrological data related to the pit slope stability and potential rock storage locations for the Schaft Creek project. The 2025 geotechnical review included the data collected between 2008-2025 and concluded that the geotechnical investigations conducted in 2023 and 2024 are considered appropriate for advanced scoping-level designs. The review recommended a "gap analysis" to identify areas for further investigation and that future studies should incorporate additional geotechnical and hydrogeological drilling and rock mechanics laboratory testing to expand the structural, geomechanical, and hydrogeological databases. The review also recommended future programs would be required to meet current industry expectations (for data density and coverage of the proposed ultimate pit) for prefeasibility-level geotechnical design. The gap analysis is expected to identify how to most efficiently and effectively augment the existing databases to either assist in validating existing designs or provide a rationalization for modifying the design criteria. Updated and refined geotechnical and hydrogeological models will be required to support more detailed and sophisticated slope stability analyses.The 2025 geotechnical review also included the historical and current geotechnical and drilling data from within or in proximity to the four potential Rock Storage Facilities ("RSF") locations for the Schaft Creek project. The review identified significant challenges due to potential adverse foundation conditions and natural geohazards in portions of the proposed RSF footprints and concluded that the proposed locations are not considered to have been assessed sufficiently to inform beyond scoping level studies. The review concluded that supplemental field investigations are required for the RSF areas and recommended a program that includes test pits, drilling and laboratory testing of recovered samples for assessing the suitability of each location for waste rock storage. Meteorological Review
This review covered the baseline meteorological and climate data collected since 2005 in the Schaft Creek area. The study was completed by Tahltan ERM Environmental Management and focussed on predicting precipitation levels at the Schaft Creek site and at various elevations along proposed access roads. The meteorological data forms part of an environmental baseline monitoring program to characterize existing meteorological and climate conditions to assess potential impacts on project development to satisfy provincial monitoring requirements for Environmental Assessments (EA) and permitting processes. Glacier Monitoring
The primary purpose of the baseline glacier monitoring is to characterize existing glacial conditions to assess potential effects of sources of water on resource development in the Schaft Creek project area. The area around Schaft Creek is heavily glaciated and the impact of glacier mass balance, in terms of glacier dynamics and glacial water contribution to streamflow is an important variable to understand as part of the hydrological assessment of the Schaft Creek area. The glacier monitoring program provides information for water balance and water quality modeling, predicting streamflow and water quality implications and supporting engineering design.Hydrometric Monitoring
Hydrometric monitoring is used to characterize surface water resources and assess potential effects of resource development on waterbodies and provides baseline data for subsequent water quantity and water quality modelling and provides data for other parameters such as dilution and runoff modelling and in-stream flow estimates. Hydrogeology Monitoring
The overall objectives of a baseline hydrogeology study are to provide calibration data for the development of integrated mine site water balances and understanding the regional hydrogeologic conditions. The 2025 hydrogeological monitoring program measured the groundwater flow conditions and K values (hydraulic conductivity) for each lithologic unit. The 2025 data is consistent with historic data across most monitoring wells and improved confidence in the conceptual hydrogeological model developed for the Schaft Creek project area. The data is used to support the EA process and future design stages.Qualified Person
Elmer B. Stewart, MSc. P.Geo., President, and CEO of Copper Fox, is the Company's non-independent, nominated Qualified Person pursuant to National Instrument 43-101, Standards for Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information disclosed in this news release.About Copper Fox
Copper Fox is a Canadian resource company focused on copper development and exploration in the United States and Canada. Copper Fox and its subsidiaries own 100% of the Van Dyke ISCR project, a development stage, potential near term, mid-size copper mine in Arizona and a 25% interest in the Schaft Creek Joint Venture with Teck Resources Limited (75% interest and Operator) which hosts the Schaft Creek copper-gold-molybdenum-silver project in British Columbia's Golden Triangle. In addition, Copper Fox owns 100% of the resource stage Eaglehead polymetallic porphyry copper project in northwestern British Columbia and the Sombrero Butte and Mineral Mountain advanced exploration stage porphyry copper projects located in the prolific Laramide age copper province in Arizona. For more information on Copper Fox's mineral properties and investments visit the Company's website at www.copperfoxmetals.com.On behalf of the Board of DirectorsElmer B. Stewart
President and Chief Executive OfficerFor additional information contact: Lynn Ball at 1-844-464-2820 or investor@copperfoxmetals.com.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of the Canadian securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "budgets," "could," "estimates," "expects," "forecasts," "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release includes statements regarding results, conclusions, and recommendations of geotechnical reviews; potential rock storage locations; and collection of meteorological, glacial and hydrogeologic baseline environmental data. In connection with the forward-looking information contained in this news release, Copper Fox and its subsidiaries have made numerous assumptions, regarding, among other things: the geological, metallurgical, engineering, financial and economic advice that Copper Fox has received is reliable and is based upon practices and methodologies which are consistent with industry standards. While Copper Fox considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies. Additionally, there are known and unknown risk factors which could cause Copper Fox's actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: results of the geotechnical reviews may not be accurate; the recommended programs for additional geotechnical study may not be completed as planned or at all; results of the meteorological, glacial, and hydrogeologic may not be accurate; continuation of the baseline environmental data collection programs may not be completed as planned or at all; the objectives of the geotechnical and baseline environmental programs may not be achieved as planned or at all.A more complete discussion of the risks and uncertainties facing Copper Fox is disclosed in Copper Fox's continuous disclosure filings with Canadian securities regulatory authorities at www.sedarplus.ca. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Copper Fox disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events, or developments, except as required by law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288323
Original: Copper Fox Provides Update on Results of 2025 Program at Schaft Creek
CA Market News
4月前
Copper Fox Announces Closing of Private PlacementMarch 3, 2026 1:54 PM
NewsfileCalgary, Alberta--(Newsfile Corp. - March 3, 2026) - Copper Fox Metals Inc. (TSXV: CUU) ("Copper Fox" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement for a total of 4,615,384 shares ("Share") at a price of $0.65 per Share for aggregate gross proceeds of $2,999,999.60 (the "Offering"). There were no finder's fees paid in this private placement.In accordance with applicable securities legislation, securities issued pursuant to the Offering are subject to a hold period of four months plus one day from the date of the completion of the Offering. The net proceeds raised from the Offering will be used to continue exploration and development activities on Copper Fox's 100% owned Van Dyke, Eaglehead, Mineral Mountain and Sombrero Butte projects, working capital and general corporate and administrative purposes of the Company. The Offering included subscriptions by four insiders of the Company totalling 2,896,000 Shares. Mr. Ernesto Echavarria, a director, insider and a control person of the Company (as defined by the policies of the TSX Venture Exchange) purchased 2,769,231 Shares.Subscriptions completed by insiders in the Offering, including the subscription by Mr. Echavarria, constituted a "Related Party Transaction" under Policy 5.9 of the TSX Venture Exchange which adopts Multilateral Instrument 61-101 ("MI 61-101") as a policy of the TSX Venture Exchange. In completing such transactions, Copper Fox relied on the applicable exemptions from the valuation requirement and minority security holder approval requirements available under Sections 5.5(a) and 5.7(a) of MI 61-101, respectively, on the basis that the participation in the private placement by insiders did not exceed 25% of the Company's market capitalization. The Company did not file a material change report at least 21 days prior to the completion of the Offering, as the details of the related party participation were not determined at that time, allowing the Company to complete the Offering, which it considers reasonable under the circumstances.About Copper FoxCopper Fox is a Canadian resource company focused on copper development and exploration in the United States and Canada. Copper Fox and its subsidiaries own 100% of the Van Dyke ISCR project, a development stage, potential near term, mid-size copper mine in Arizona and a 25% interest in the Schaft Creek Joint Venture with Teck Resources Limited (75% interest and Operator) which hosts the Schaft Creek copper-gold-molybdenum-silver project in British Columbia's Golden Triangle. In addition, Copper Fox owns 100% of the resource stage Eaglehead polymetallic porphyry copper project in northwestern British Columbia and the Sombrero Butte and Mineral Mountain advanced exploration stage porphyry copper projects located in the prolific Laramide age copper province in Arizona. For more information on Copper Fox's mineral properties and investments visit the Company's website at www.copperfoxmetals.com.On behalf of the Board of DirectorsElmer B. Stewart
President and Chief Executive OfficerFor additional information contact Lynn Ball at 1-844-464-2820 or investor@copperfoxmetals.com.Neither TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release. This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities described herein in the United States. The securities described in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. This news release is not for distribution in the United States or over United States newswires.Cautionary Note Regarding Forward-Looking InformationThis news release contains "forward-looking information" within the meaning of the Canadian securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "budgets", "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release includes, without limitation, statements about: the use of the proceeds from the Offering. In connection with the forward-looking information contained in this news release, Copper Fox has made numerous assumptions. Additionally, there are known and unknown risk factors which could cause Copper Fox's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include the possibility that, the net proceeds of the Offering will not be used for the purposes currently contemplated.A more complete discussion of the risks and uncertainties facing Copper Fox is disclosed in Copper Fox's continuous disclosure filings with Canadian securities regulatory authorities at www.sedarplus.ca. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Copper Fox disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATESTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/286135
Original: Copper Fox Announces Closing of Private Placement
CA Market News
5月前
Copper Fox Commences PEA and Groundwater Flow Modeling to Support Future Permitting at Van Dyke ISCR ProjectFebruary 12, 2026 6:00 AM
NewsfileCalgary, Alberta--(Newsfile Corp. - February 12, 2026) - Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) (FSE: HPU) ("Copper Fox" or the "Company"), through its wholly owned subsidiary Desert Fox Van Dyke Co., is pleased to provide an update on the planned preliminary economic assessment (PEA) and groundwater flow model on its 100% owned Van Dyke in-situ copper recovery (ISCR) project located in the Globe-Miami Mining District, Gila County, Arizona, approximately 90 miles east of the recently commissioned Florence Copper project. The Van Dyke ISCR project is recognized as a potential near term, mid-size, environmentally friendly, sustainable copper project with a 17-year mine life and a production capacity of 85 million pounds of Grade A 99.99% pure copper cathode per year. Based on the previous PEA completed in 2020 ("NI 43-101 Preliminary Economic Assessment Technical Report for the Van Dyke Copper Project", effective date December 30, 2020, prepared by Susan C. Bird, MSc., P.Eng., Bob Lane, P.Geo., and Tracey Meintjes, P.Eng., of Moose Mountain Technical Services and Jim Norine, P.E., of Ausenco Limited), the project is expected to provide approximately 500 direct and indirect jobs in the Miami-Globe area, inject approximately US$1.07B into Arizona economies and contribute approximately US$355M in mineral, state and federal taxes over its mine life. The project has significant resource expansion potential and benefits from access to local infrastructure that includes a copper rod plant, highways, rail lines, and electrical power. ActivitiesPreparation for the 2026 PEA has commenced and is estimated to cost C$300,000. Preparation of a preliminary semi-regional 3-D numerical groundwater flow model is underway, results of which are expected to be included in the PEA.Daily collection of hydrogeological data and quarterly groundwater sampling from the existing four monitoring wells to augment the project's hydrogeological and water quality database and support future permitting is ongoing. Elmer B. Stewart, President and CEO of Copper Fox, stated, "Our focus in the first half of 2026 is completion of an updated PEA. The PEA is focused on establishing the current technical understanding of the project, optimizing the 2025 PFS Execution Plan and outlining the environmental permitting required to complete activities identified in the PEA. The permitting for development stage projects includes an Aquifer Protection Permit (APP) and Underground Injection Control (UIC) permit and key steps in obtaining these permits includes developing a robust, calibrated hydrogeological model to demonstrate to stakeholders and regulatory agencies that the hydrogeology and groundwater quality of the project and area surrounding the project is well understood, potential impacts have been evaluated, and that appropriate monitoring and mitigation would be included in a future mine operating plan."Updated PEA
Copper Fox has commissioned Moose Mountain Technical Services to prepare an updated PEA on the Van Dyke copper project in accordance with the Canadian disclosure requirements of National Instrument 43-101 - Standards and Disclosures for Mineral Projects (NI 43-101) and the requirements of Form 43-101F1. Preliminary Groundwater Flow Model
RGC Hydro Services LLC has been contracted to prepare a preliminary semi-regional 3-D numerical groundwater flow model for the Van Dyke project (and greater Miami area) using project and hydrogeological data from the area surrounding the project. Updating the model is planned as additional hydrogeological data becomes available. The model is expected to locate hydrogeological and water quality monitoring wells in subsequent drilling programs and can be used to simulate mine development, predict hydrogeologic impacts, support the design and construction of monitoring and mitigation systems, placement of monitoring wells and is expected to play a prominent role in a future permitting strategy. As the project advances, the model can be used as a tool for running operational scenarios, looking at well spacing, sweep efficiency estimations, wellfield optimization, to characterize baseline groundwater conditions and define site-specific water quality conditions for permitting, such as alert levels (ALs) and aquifer quality limits (AQLs).Modeling ObjectivesDescribe the extent of the local and regional groundwater systems around the Van Dyke deposit.Define the mine-scale geologic and structural controls that may bound and limit hydrogeologic interaction with the regional hydrologic system and define possible mechanisms for hydrologic interconnection.Predict local and broader scale hydrologic features that may potentially become impacted by the mine development and dewatering.Demonstrate with reasonable confidence the areas of the regional groundwater system that will be unimpacted by the mine project.Provide a preliminary basis for negotiating a reasonable hydrologic monitoring and mitigation plan as part of the future permitting process.Provide support for Arizona Department of Environmental Quality Aquifer Protection and Underground Injection Control permitting processes, as well as discussions with Pinal Creek Group and other stakeholders. Qualified Person
Elmer B. Stewart, MSc. P. Geol., President, and CEO of Copper Fox, is the Company's non-independent, nominated Qualified Person pursuant to National Instrument 43-101, Standards for Disclosure for Mineral Projects, and has reviewed and approves the scientific and technical information disclosed in this news release.About Copper Fox
Copper Fox is a Canadian resource company focused on copper development and exploration in the United States and Canada. Copper Fox and its subsidiaries own 100% of the Van Dyke ISCR project, a development stage, potential near term, mid-size copper mine in Arizona and a 25% interest in the Schaft Creek Joint Venture with Teck Resources Limited (75% interest and Operator) which hosts the Schaft Creek copper-gold-molybdenum-silver project in British Columbia's Golden Triangle. In addition, Copper Fox owns 100% of the resource stage Eaglehead polymetallic porphyry copper project in northwestern British Columbia and the Sombrero Butte and Mineral Mountain advanced exploration stage porphyry copper projects located in the prolific Laramide age copper province in Arizona. For more information on Copper Fox's mineral properties and investments visit the Company's website at www.copperfoxmetals.com.On behalf of the Board of DirectorsElmer B. Stewart
President and Chief Executive OfficerFor additional information contact: Lynn Ball at
CA Market News
5月前
Copper Fox Announces Non-Brokered Private Placement Has Been Fully SubscribedFebruary 10, 2026 3:46 PM
NewsfileCalgary, Alberta--(Newsfile Corp. - February 10, 2026) - Copper Fox Metals Inc. (TSXV: CUU) (FSE: HPU) ("Copper Fox" or the "Company") is pleased to announce that its recently announced non-brokered private placement of up to $3,000,000 in gross proceeds (the "Offering") is fully subscribed and has received conditional approval from the TSX Venture Exchange ("TSXV"). The Offering consists of 4,615,384 common shares ("Shares") at a price of $0.65 per Share and is expected to close on February 27, 2026.In accordance with applicable securities legislation, securities issued pursuant to the Offering are subject to a hold period of four months plus one day from the date of the completion of the Offering. The net proceeds raised from the Offering will be used to continue exploration and development activities on Copper Fox's 100% owned Van Dyke, Eaglehead, Mineral Mountain and Sombrero Butte projects, working capital and general corporate and administrative purposes of the Company.About Copper Fox
Copper Fox is a Canadian resource company focused on copper development and exploration in the United States and Canada. Copper Fox and its subsidiaries own 100% of the Van Dyke ISCR project, a development stage, potential near term, mid-size copper mine in Arizona and a 25% interest in the Schaft Creek Joint Venture with Teck Resources Limited (75% interest and Operator) which hosts the Schaft Creek copper-gold-molybdenum-silver project in British Columbia's Golden Triangle. In addition, Copper Fox owns 100% of the resource stage Eaglehead polymetallic porphyry copper project in northwestern British Columbia and the Sombrero Butte and Mineral Mountain advanced exploration stage porphyry copper projects located in the prolific Laramide age copper province in Arizona. For more information on Copper Fox's mineral properties and investments visit the Company's website at www.copperfoxmetals.com.On behalf of the Board of DirectorsElmer B. Stewart
President and Chief Executive OfficerFor additional information contact Lynn Ball at 1-844-464-2820, investor@copperfoxmetals.com.Neither TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release. This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities described herein in the United States. The securities described in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. This news release is not for distribution in the United States or over United States newswires.Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of the Canadian securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "budgets," "could," "estimates," "expects," "forecasts," "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release includes statements about: the size and terms of the Offering and the use of the proceeds therefrom; and the approval of the TSXV. In connection with the forward-looking information contained in this news release, Copper Fox and its subsidiaries have made numerous assumptions regarding, among other things: the Company will receive all required approvals, including the final approval of the TSXV for the Offering; the Company will be able to close the Offering as expected, including the size and terms of the Offering; investor demand will remain strong; and the Company will not require additional subscriptions for the Offering. While Copper Fox considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies. Additionally, there are known and unknown risk factors which could cause Copper Fox's actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include among others: final approval for the Offering will not be obtained from the TSXV; investor demand may weaken; the Offering will not complete at the time or in the amount expected, or at all, or on the terms as set out in this news release and the news release of the Company dated February 5, 2026; and the exemptions intended to be relied upon by Copper Fox in completing the Offering may not be available. A more complete discussion of the risks and uncertainties facing Copper Fox is disclosed in Copper Fox's continuous disclosure filings with Canadian securities regulatory authorities at www.sedarplus.ca. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Copper Fox disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events, or developments, except as required by law.NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATESTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/283473
Original: Copper Fox Announces Non-Brokered Private Placement Has Been Fully Subscribed
CA Market News
5月前
Copper Fox Announces $3,000,000 Non-Brokered Private PlacementFebruary 5, 2026 6:00 AM
NewsfileCalgary, Alberta--(Newsfile Corp. - February 5, 2026) - Copper Fox Metals Inc. (TSXV: CUU) (FSE: HPU) ("Copper Fox" or the "Company") is pleased to announce that it intends to complete, subject to the approval of the TSX Venture Exchange, a non-brokered private placement to raise up to $3,000,000 in gross proceeds (the "Offering"). The Offering will consist of up to 4,615,384 common shares ("Shares") at a price of $0.65 per share. Copper Fox is making the Offering available to subscribers under a number of available prospectus exemptions, including the accredited investor exemption, family and close personal friends and business associates of directors and officers of the Company. The Offering is also available to all existing shareholders of Copper Fox who, as of the close of business on February 4, 2026 (the "Record Date"), held shares (and who continue to hold such shares as of the closing date) in accordance with the provisions of the "existing security holder exemption" contained in the various corresponding blanket orders and rules of participating jurisdictions (the "Existing Security Holder Exemption"). The Company advises that there are conditions and restrictions when subscribers are relying upon the Existing Security Holder Exemption, including, among other criteria: (a) the subscriber must be a shareholder of the Company on the Record Date (and still be a shareholder), (b) be purchasing the Shares as a principal - for his or her own account and not for any other party, and (c) may not purchase more than $15,000 value of securities from the Company in any 12-month period. There is an exception to the $15,000 subscription limit. In the event that a subscriber wishes to purchase more than a $15,000 value of securities, then he or she may do so provided that the subscriber received suitability advice from a registered investment dealer, and, in this case, subscribers will be asked to confirm the registered investment dealer's identity and employer. Subscribers purchasing Shares using the Existing Security Holder Exemption will need to represent in writing that they meet the requirements of the Existing Security Holder Exemption. There is no minimum subscription amount. As the Existing Security Holder Exemption contains certain restrictions and is only available in certain jurisdictions in Canada, others that do not qualify under the Existing Security Holder Exemption may qualify to participate under other prospectus exemptions, such as the accredited investor exemption.The Company retains the right to accept or reject subscriptions. Should the Offering be oversubscribed it is possible that a shareholder's subscription may not be accepted by the Company. Additionally, in the event of an imbalance of large subscriptions compared to smaller subscriptions, management reserves the right in its discretion to favor large subscriptions over smaller shareholder subscriptions.The Offering is expected to close by February 27, 2026. In accordance with applicable securities legislation, securities issued pursuant to the Offering are subject to a hold period of four months plus one day from the date of the completion of the Offering. The net proceeds raised from the Offering will be used to advance exploration and development activities on Copper Fox's 100% owned Van Dyke, Mineral Mountain, Eaglehead and Sombrero Butte copper projects, working capital and general corporate and administrative purposes of the Company. The Offering may include one or more subscriptions by insiders of the Company, including a subscription by Mr. Ernesto Echavarria, a director, insider, and a control person of the Company (as defined by the policies of the TSX Venture Exchange) of a minimum of 2,769,230 common shares.Subscriptions completed by insiders in the Offering, including the subscription by Mr. Echavarria, may constitute a "Related Party Transaction" under Policy 5.9 of the TSX Venture Exchange which adopts Multilateral Instrument 61-101 ("MI 61-101") as a policy of the TSX Venture Exchange. In completing such transactions, Copper Fox intends to rely on the applicable exemptions from the valuation requirement and minority security holder approval requirements available under Sections 5.5(a) and 5.7(a) of MI 61-101, respectively, on the basis that the participation in the private placement by insiders will not exceed 25% of the Company's market capitalization.About Copper Fox
Copper Fox is a Canadian resource company focused on copper development and exploration in the United States and Canada. Copper Fox and its subsidiaries own 100% of the Van Dyke ISCR project, a development stage, potential near term, mid-size copper mine in Arizona and a 25% interest in the Schaft Creek Joint Venture with Teck Resources Limited (75% interest and Operator) which hosts the Schaft Creek copper-gold-molybdenum-silver project in British Columbia's Golden Triangle. In addition, Copper Fox owns 100% of the resource stage Eaglehead polymetallic porphyry copper project in northwestern British Columbia and the Sombrero Butte and Mineral Mountain advanced exploration stage porphyry copper projects located in the prolific Laramide age copper province in Arizona. For more information on Copper Fox's mineral properties and investments visit the Company's website at www.copperfoxmetals.com.On behalf of the Board of DirectorsElmer B. Stewart
President and Chief Executive OfficerFor additional information contact Lynn Ball at 1-844-464-2820, investor@copperfoxmetals.com Neither TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release. This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities described herein in the United States. The securities described in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. This news release is not for distribution in the United States or over United States newswires.Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of the Canadian securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "budgets", "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release includes, without limitation, statements about: the expected size and terms of the Offering and the use of the proceeds therefrom; the anticipated closing time of the Offering; the terms of the subscription agreements to be executed by shareholders relying on the "Existing Security Holder Exemption"; the expected subscription by one or more insiders, including Mr. Echavarria in the Offering; the exemptions in MI 61-101 intended to be relied upon by Copper Fox in completing the Offering; and the possible corporate reorganization. In connection with the forward-looking information contained in this news release, Copper Fox has made numerous assumptions. Additionally, there are known and unknown risk factors which could cause Copper Fox's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include the possibility that: approval for the Offering will not be obtained from the TSX Venture Exchange; the Offering will not complete at the time or in the amount expected, or at all; Mr. Echavarria will not subscribe for the number of Shares currently expected, or at all; and the exemptions intended to be relied upon by Copper Fox under MI 61-101 in completing the Offering may not be available.A more complete discussion of the risks and uncertainties facing Copper Fox is disclosed in Copper Fox's continuous disclosure filings with Canadian securities regulatory authorities at www.sedarplus.ca. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Copper Fox disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATESTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/282798
Original: Copper Fox Announces $3,000,000 Non-Brokered Private Placement
CA Market News
5月前
Copper Fox Announces 2025 Year-End Operating and Financial Results and UpdateFebruary 4, 2026 9:28 PM
NewsfileCalgary, Alberta--(Newsfile Corp. - February 4, 2026) - Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) (FSE: HPU) ("Copper Fox" or the "Company") announces that its audited annual consolidated October 31, 2025, financial statements have been filed on SEDAR+. For the year ended October 31, 2025, Copper Fox had a net loss of $1,071,237 (October 31, 2024 - $607,303) which equated to $0.00 loss per share (October 31, 2024 - $0.00 loss per share). During the year ended October 31, 2025, the Company incurred $1,951,216 in expenditures toward furthering the development of its Schaft Creek and Van Dyke copper projects and further exploration of its Eaglehead, Sombrero Butte and Mineral Mountain copper projects. Copies of the financial statements, notes, and related management discussion and analysis may be obtained on SEDAR+ at www.sedarplus.ca, the Company's web site at www.copperfoxmetals.com or by contacting the Company directly. All references to planned activities and technical information contained in this news release have been previously announced by way of news releases. All amounts are expressed in Canadian dollars unless otherwise stated.Elmer B. Stewart, President and CEO of Copper Fox, stated, "The increased demand for critical metals combined with the significant increase in the price of copper-gold-molybdenum-silver are providing the basis to position Copper Fox to become a supplier of advanced stage critical mineral projects to the mining industry. During the year, significant progress at Van Dyke and Schaft Creek continued to advance these projects toward the prefeasibility (PFS) stage. In addition, our "maiden" drill program at Mineral Mountain is testing the porphyry potential of this high-quality target, and exploration activities has significantly upgraded the porphyry potential of the Sombrero Butte and Eaglehead porphyry copper projects."2025 HighlightsAt Van Dyke announced the results of geometallurgical modelling and completion of the PFS Execution Plan outlining future activities, timeline, and estimated costs to advance the project to the PFS stage. At Schaft Creek provided an update on the 2025 drilling, wildlife, aquatic and archeological surveys, community engagement and preliminary comments and the addition of Coarse Particle Flotation testing to the geometallurgical testwork program.At Eaglehead announced results of the geophysical survey along the northern portion of the "mineralized corridor".At Mineral Mountain announced the identification of new porphyry copper target and the commencement of drilling activities to drill the large porphyry copper target located in the center of the project. Subsequent to the Year EndedAnnounced the results of merging the chargeability and resistivity data from the geophysical surveys completed on the Eaglehead porphyry copper project between 2014 and 2025.Announced an update on the strategy and activities required to position the Van Dyke project to transition to the PFS stage and the execution of non-binding letters of intent to access industrial water for leaching purposes and an offtake agreement for the material excavated from the propose underground excavation. Congratulated Teck and Anglo on the progress of the planned 'merger of equals' in light of receiving approval for the transaction by the Government of Canada. An update on the Van Dyke project including Letters of Intent for the industrial water needs and Gila Conglomerate take off at the project.Results of the 2025 drilling program at Schaft Creek which included intersecting mineralization 500m south of the Liard zone.At Schaft Creek, the recently announced proposed Teck Resources Limited (Teck) - Anglo American plc (Anglo) merger of equals, if completed, could have a significant impact on the Schaft Creek project. Several of the stated financial benefits of the merger to Canada includes an investment of C$4.5 billion over 5 years, with a portion of that investment being allocated to advancing potential major new copper mines in Northwestern British Columbia and a total investment of C$10 billion over 15 years.During 2025, the Schaft Creek Joint Venture (SCJV) completed the planned C$15.8 million program to assist in determining the project's readiness to transition to the PFS stage. The drilling program intersected significant intervals of copper and copper-gold mineralization up to 500m south of the Schaft Creek deposit with the furthest drillhole reporting high gold concentrations not typically observed in the Schaft Creek deposit. Teck as Operator of the SCJV has until the end of February to provide the 2026 program and budget for the Schaft Creek project. Teck reported Pre-Production Costs, as that term is defined in the Schaft Creek Joint Venture Agreement (SCJVA), to the end of 2025 of approximately C$90 million. Of those Pre-Production Costs C$69 million has been incurred since completion of the 2021 preliminary economic assessment (PEA). The SCJVA stipulates that Teck are required to make the first C$60 million in Pre-Production Costs. The SCJVA also stipulates that Teck are also required to make three C$20 million Milestone Payments to Copper Fox, the first C$20 million was received upon signing of the SCJVA leaving two remaining Milestone Payments. As Pre-Production Costs have exceeded the C$60 million threshold covered by Teck the Pre-Production Costs going forward will be shared pro-rata with Copper Fox (75:25). As at December 31, 2025, Copper Fox's pro rata share of the Pre-Production Costs over C$60 million, ~ C$7.5 million, will be deducted from the third C$20 million Milestone Payment. At Van Dyke, our focus in the first half of 2026 is completing an updated PEA to provide a technical and economic assessment of the project and continuing hydrogeologic activities to support future permitting activities. The planned PEA is expected to benefit from the publicly available information from the recently commissioned Florence ISCR project, further optimize the PFS Execution Plan and establish a starting point for the transition to PFS level studies. A significant achievement in 2025 was the execution of non-binding Letters of Intent to obtain industrial water for leaching purposes and the offtake of the rock excavated from the proposed underground development demonstrates the strong community support for the project. At Mineral Mountain, drilling of the large porphyry copper "footprint" underlain by a buried positive chargeability anomaly of almost equal size is underway. The location, size and telescoped porphyry characteristics support the copper potential of this target. Our focus is on completing the current drilling program, compiling all data and assessing the merits of a follow-up drilling program in the first half of 2026. At Eaglehead, the significantly expanded dimensions of the chargeability anomaly within the "mineralized corridor" augmented the porphyry potential of the project. Further exploration at Eaglehead is contingent on obtaining a Multi-Year Area Based permit before the end of June 2026. The resource base, the preliminary metallurgical testwork, and potential to combine the Bornite and East deposits into one larger deposit could substantially increase the project's metal balance but also suggests the project is rapidly advancing toward the PEA stage, a significant milestone for the project. At Sombrero Butte, 2025 was a transformational year in understanding the porphyry copper potential of this project. Exploration results suggest the presence of a large, highly evolved porphyry copper system underlain by a large body of anomalous chargeability/resistivity. Copper Fox plans to submit a Plan of Operation to obtain permits required to drill test this high-quality porphyry target in late 2026 or early 2027. Elmer B. Stewart, MSc, P.Geo, President of Copper Fox, is the Company's non-independent, nominated Qualified Person pursuant to National Instrument 43-101, Standards for Disclosure for Mineral Projects, and has reviewed and approves the scientific and technical information disclosed in this news release.Selected Financial Results
3 Months Ended3 Months Ended3 Months Ended3 Months Ended
October 31, 2025July 31, 2025April 30, 2025January 31, 2025Loss before taxes$336,885$295,679$374,058$236,962Net loss164,538295,679374,058236,962Comprehensive (gain) / loss (100,174)197,3811,225,382(461,245)Comprehensive loss per share,
basic and diluted0.000.000.000.00
3 Months Ended3 Months Ended3 Months Ended3 Months Ended
October 31, 2024July 31, 2024April 30, 2024January 31, 2024Loss before taxes$261,484$293,185$302,668$230,877Net loss(219,427)293,185302,668230,877Comprehensive (gain) / loss (402,630)199,185(167,104)905,445Comprehensive loss per share,
basic and diluted0.000.000.000.00 Liquidity
As at October 31, 2025, the Company's cash position was $686,236 (October 31, 2024- $785,184) and as of the date of this News Release the Company's cash position is $129,927.About Copper Fox
Copper Fox is a Canadian resource company focused on copper development and exploration in the United States and Canada. Copper Fox and its subsidiaries own 100% of the Van Dyke ISCR project, a development stage, potential near term, mid-size copper mine in Arizona and a 25% interest in the Schaft Creek Joint Venture with Teck Resources Limited (75% interest and Operator) which hosts the Schaft Creek copper-gold-molybdenum-silver project in British Columbia's Golden Triangle. In addition, Copper Fox owns 100% of the resource stage Eaglehead polymetallic porphyry copper project in northwestern British Columbia and the Sombrero Butte and Mineral Mountain advanced exploration stage porphyry copper projects located in the prolific Laramide age copper province in Arizona. For more information on Copper Fox's mineral properties and investments visit the Company's website at www.copperfoxmetals.com.On behalf of the Board of Directors,Elmer B. Stewart
President and Chief Executive OfficerFor additional information contact Lynn Ball at 1-844-464-2820, investor@copperfoxmetals.com Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Information
This news release contains forward-looking statements within the meaning of the Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and forward-looking information within the meaning of the Canadian securities laws (collectively, "forward-looking information"). Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "budgets", "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release include statements regarding; increasing copper demand and the potential to be a future copper supplier; advancing the Schaft Creek and Van Dyke projects to the PFS stage; upgrading porphyry potential at Eaglehead and Sombrero Butte; and, the potential merger of equals of Teck and Anglo having a significant impact on Schaft Creek.In connection with the forward-looking information contained in this news release, Copper Fox and its subsidiaries have made numerous assumptions regarding, among other things: the geological, financial, and economic advice that Copper Fox has received is reliable and is based upon practices and methodologies which are consistent with industry standards; and the stability of economic and market conditions. While Copper Fox considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies. Additionally, there are known and unknown risk factors which could cause Copper Fox's actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: the Van Dyke and Schaft Creek projects may not advance to the PFS stage; the maiden drilling program at Mineral Mountain may not be successful; the overall economy may deteriorate; uncertainty as to the availability and terms of future financing; copper prices and demand may fluctuate; currency exchange rates may fluctuate; conditions in the financial markets may deteriorate; and uncertainty as to timely availability of permits and other governmental approvals. A more complete discussion of the risks and uncertainties facing Copper Fox is disclosed in Copper Fox's continuous disclosure filings with Canadian securities regulatory authorities at www.sedarplus.ca. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Copper Fox disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events, or developments, except as required by law. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282790
Original: Copper Fox Announces 2025 Year-End Operating and Financial Results and Update
Hot Features
プレミアム
登録して、同じ考えを持つ投資家と議論するためのアクティブなフォーラムで相互作用するためのアクティブなフォーラムに参加してください。
willlbone
5年前
Oleblue
5年前
Pro-Life
12年前
メールアドレスで登録
