Mineralized Porphyry System Confirmed at BC Project

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Interra Copper Corp. (IMCX:CSE; IMIMF:OTCQB; 3MX:FRA) encountered a copper-molybdenum mineralized porphyry system during its recently completed phase one drilling at the Rip copper-molybdenum project in British Columbia's (B.C.'s) Stikine region, the company noted in a news release. This program focused on the northern target, one of two geophysical targets with porphyry signatures identified at Rip through exploration work in 2024.

"The drilling of this largely covered area has revealed that a portion of the northern target chargeability high is host to porphyry-style stockwork that has potential to improve in grade down plunge and laterally," President and Chief Executive Officer Brian Thurston said in the release.

Interra has an earn-in option with ArcWest Exploration Inc. (AWX:TSX.V) to acquire up to 80% of Rip and is carrying out the requisite exploration work. Rip is a 4,700 hectare (4,700 ha) concession in the Bulkley porphyry belt and is about 33 km northeast of Imperial Metals Corp.'s (III:TSX) past-producing Huckleberry copper-molybdenum mine and Surge Copper Corp.'s (SURG:TSX.V) advanced stage Ox, Seal and Berg deposits.

Most of the assays returned from Interra's two-hole, 1,033-meter (1,033m) drill program at Rip in 2024 were anomalous for copper and molybdenum mineralization. Zones of this mineralization type were shown to be hosted by multiple phases of porphyritic intrusions and associated vein stockwork. The presence of intense quartz-sericite-pyrite alteration and strongly developed vein sets indicated a significant porphyry exists there.

Highlight drill intercepts included:

• 0.102% copper equivalent (Cu eq) over 126.6m from 21.4m, including 0.267% Cu eq over 24.6m: hole RP24-001   
• 0.113% Cu eq over 114.3m from 33.6m: hole RP24-002

Along with these two diamond drill holes carried out by Interra, the northern target had one other hole placed historically in 1975, noted the release. As for the southern target, part of two highly prospective, roughly 1 km by 1 km, annular geophysical anomalies, it is mostly untested and warrants exploration.

Expanding Asset Portfolio

Interra Copper Corp. builds shareholder value through the exploration and development of its early-stage copper exploration assets and through acquisition and growth, the company noted in its corporate presentation.

To date, the Vancouver, B.C.-based company has amassed a dominant, 19,852-hectare (19,852-ha) land position in the Bulkley porphyry belt comprising three properties it either options or owns. Along with Rip, they include Stars and Stellar, which Interra owns outright. Stars, spanning 9,693 ha, is an early-stage porphyry copper-molybdenum discovery. Contiguous to Stars is Stellar, 5,389 hectares, including 10 British Columbia Minfile mineral showings.

Interra also owns the 20,658 ha Thane project In Northern B.C.'s Quesnel terrane, where 10 large, high-priority copper-gold mineralized targets have been identified. About US$5.5 million (US$5.5M) has been spent on collecting exploration data on Thane thus far. The project is on a productive trend, hosting other large growing resources between Centerra Gold's Kemess and Mt. Milligan copper mines.

Outlook for Copper Bullish

Between now and 2028, the global copper market is forecasted to expand another US$70 billion, reflecting a compound annual growth rate of 6.78%, according to Technavio in a Jan. 21 article. This global technology research and advisory company attributed significant current and future market growth to technological advancements in various industries as well as high copper demand from the Asia-Pacific region.

"Copper's excellent electrical conductivity and heat transfer properties make it an essential component in electronics, construction, transportation, and renewable energy," Technavio wrote.

Likewise, Steel News reported on Jan. 23 that promising economic signals out of China, the world's largest copper consumer, are driving positive market expectations for the metal. Recently, Chinese industrial production largely surpassed analysts' forecasts. Beijing is working to stabilize the real estate sector, in part by providing economic incentives. The country is expanding production capacity, a sign of economic development, resuming friendly relations with international trade markets, and preparing for potential tariff changes.

Another notable market driver, according to Steel News, is Taiwan's export industry, whose orders increased 20.8% in December 2024 due to its high-tech semiconductor industry seeing strong demand from the U.S. and the Association of Southeast Asian Nations countries.

Other regions with growing copper demand are Europe and South America, noted the Shanghai Metals Market in a Jan. 23 article. On the flip side, the tight supply of copper concentrate looks as though it will continue, and this likely will result in an increased amount of secondary copper flowing to smelters. Based on these fundamentals, copper prices are more likely to increase rather than decrease.

Macroeconomic uncertainties, such as impending U.S.' tariffs and Federal Reserve interest rate actions, also will influence copper prices going forward.

Given this background, copper prices are expected to continue climbing this year, noted the Shanghai Metals Market. It reported Commerzbank's prediction that copper prices will increase to US$9,700 per metric ton (US$9,700/mt) by year-end from US$9,168.88 now. JPMorgan's forecast is for copper prices to hit US$10,400/mt in Q4/25.

The Catalysts: More Generated Data

According to Interra's Corporate Presentation, 2025 should be catalyst-rich. At its Rip project, the company plans additional exploration work, including geophysics, geochemistry, and potential drilling in 2025 and 2026, which is fully funded at US$800,000 (US$800K).  

At Thane, Interra intends to carry out fieldwork this year, including refining its next targets for diamond drilling. It has funded the program provisionally at US$600K.

Additionally, the company will explore opportunities to acquire or earn into advanced projects.

Undervalued, Strong Buy

Technical Analyst Clive Maund highlighted that Interra was extremely undervalued in November 2024 when he reported on the company. Then, it was trading at CA$0.085 per share. Today, its share price is similar, at about CA$0.09.

Maund wrote that he intended to stay long in Interra and rated it an immediate Strong Buy.

Ownership and Share Structure

According to Refinitiv, seven strategic entities own 5.79% of Interra. The Top 3 shareholders are Raymond Buncic with 1.49%, Richard Gittleman with 1.35% and Interra Director Jason Nickel with 1.19%.

The rest is in retail. There are not any institutional investors at this time.

The company has 53.38 million (53.38M) outstanding shares and 50.29M free float traded shares. Its market cap is CA$3.17M. Its 52-week trading range is CA$0.075–$0.250 per share.