Copper Explorer Discovers Promising Core in Nevada

1. Giant Mining Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000. 
2. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Giant Mining Corp. 
3.  James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
4.  This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. 

For additional disclosures, please click here.

Giant Mining Corp. (CSE: BFG; OTC:BFGFF; FWB:YW5) has announced the successful completion of its second drill hole, MHB-33, to a total depth of 950 feet as part of the company's 2025 diamond core drilling program at the Majuba Hill Porphyry Copper-Silver-Gold Deposit in Pershing County, Nevada. Drilling has now commenced on the third hole, MHB-34, continuing the five-hole campaign designed to expand copper mineralization zones and support a new mineral resource estimate.

Core samples from the previously drilled hole, MHB-32, are currently being processed and will be assayed for copper, silver, gold, and trace elements by ALS Group USA in Elko, Nevada. According to the company, the drill core has already shown visible signs of mineralization, including azurite, malachite, and chalcocite. These findings are intended to follow up on high-grade copper mineralization intersected in earlier 2024 drill holes, MHB-30 and MHB-31, and to test mineralization at greater depths below historic underground workings.

David Greenway, CEO of Giant Mining, stated in the news release, "We are excited about the continued success and efficiency of the geological and drilling team during our ongoing drill program. This is another step toward advancing Majuba Hill toward our ultimate goal of a new NI 43-101 mineral resource estimate."

Big Sky Exploration, LLC conducted the drilling and is overseeing core sample preparation, which includes secure transportation to Elko for sawing, with the resulting material submitted to ALS Labs for four-acid digestion and ICP-AES assay. The samples will also undergo gold fire assay analysis. Approximately 5% of all submitted samples will include drill duplicates and commercially prepared reference materials as part of the company's quality assurance and quality control (QA/QC) program.

In parallel to the drilling campaign, Giant Mining has entered into a service agreement with Blossom Social Inc., a Canadian investor engagement platform. The company will pay Blossom C$20,000 to develop educational content about Giant Mining for Blossom's mobile app user base of over 250,000 investors. This agreement aims to broaden awareness among retail investors through Blossom's "Learn & Earn" feature. Download the Blossom Social app on Google Play and the Apple App Store.

The Majuba Hill project covers approximately 9,684 acres and is located 70 miles southwest of Winnemucca, Nevada. With over 83,000 feet of historical drilling and proximity to key mining infrastructure — including roads, power, and water — the site has been identified as a favorable location for potential development. Historic mining at the site produced approximately 2.8 million pounds of copper, 184,000 ounces of silver, and 5,800 ounces of gold, underscoring its mineral potential.

Tariffs, Hoarding, and Global Demand Drive Copper to Multi-Year Highs

Copper markets experienced significant volatility in early 2025 as global demand surged while supply chains encountered a complex mix of geopolitical, regulatory, and logistical pressures. A confluence of trade policy developments, supply disruptions, and accelerating industrial demand contributed to a sharp rise in copper prices, particularly in the United States.

Pretiorates, writing on March 29, stated, "The market is now pretty sure: Copper will also be affected by the import tariffs. And sooner than expected." The publication highlighted that copper was already trading over 15% higher on the New York exchange compared to the London Metal Exchange (LME), reflecting anticipated tariff impacts. The article also emphasized long permitting delays in U.S. mining, stating it took an average of 29 years to move a mine from discovery to production.

According to a March 30 report from Ahead of the Herd, between 100,000 and 150,000 metric tons of refined copper were expected to arrive in the U.S. within weeks as major traders rerouted metal from Asia to North American ports. This trend followed concerns over new U.S. import tariffs on copper, which were under investigation in early 2025. The report noted that the U.S. imported about half of its copper consumption, up from just 10% in 1995, underscoring its reliance on foreign supply.

Technical Analyst Clive Maund stated that "the growing awareness that the tariff barriers will make domestic producers of copper like Giant Mining . . . more important."

In an April 2 commentary, Kitco addressed the broader uncertainty surrounding tariffs, describing the copper market as being influenced by "buy-the-rumor-sell-the-fact" dynamics. It noted that recent copper rallies were partly driven by speculation around tariff announcements, which had yet to materialize but were anticipated to reduce import availability and drive domestic prices higher.

According to Katusa Research, also on April 2, "Copper's price spike past $5: Tariff threats, U.S. hoarding, and Chile's slump fuel a fierce price surge." The report explained that Comex copper contracts had surged well above US$5 per pound, outpacing LME prices by a significant margin. It attributed the divergence to U.S. buyers stockpiling copper in anticipation of trade barriers. Katusa also reported that CME copper inventories had doubled since late 2024, reaching over 85,000 metric tons.

In addition to U.S. hoarding behavior, global withdrawals from LME warehouses in Asia signaled tightening international inventories. Katusa observed, "LME copper inventory has dropped below 250,000 metric tons," with traders withdrawing large quantities to take advantage of higher U.S. premiums. Simultaneously, Chile, long the world's largest copper exporter, was experiencing export declines, further exacerbating global supply tightness.

On the demand side, the report noted that Sprott and the International Energy Agency (IEA) projected robust long-term consumption growth driven by electrification. Sprott noted in a 2024 report that global copper consumption was expected to increase from 25.9 million tonnes in 2023 to 32.6 million tonnes by 2035. Within that forecast, copper demand from electric vehicles was projected to rise by 555%, while usage in grid battery storage could increase by 557%.

Despite these forecasts, challenges to meeting future demand remained. According to Crux Investor, citing data from S&P Global, copper exploration had yielded only four major discoveries between 2019 and 2023, totaling just 4.2 million metric tons. The report noted a shift toward brownfield development and declining early-stage exploration budgets.

Katusa concluded that the current copper rally "isn't built on hype  —  it's backed by real movement," citing the synchronized pressure of tariff threats, declining Chilean exports, rising Chinese demand, and narrowing inventories. Together, these forces were credited with pushing copper prices to their highest levels in over a year and widening the price gap between major global exchanges.

Exploration at Majuba Hill Moves Forward as Copper Market Expands

According to the company's April 2025 investor presentation, Giant Mining's exploration activities at Majuba Hill align closely with global copper demand trends, particularly as copper plays a critical role in the transition to electric vehicles (EVs) and renewable energy. Each EV requires significantly more copper than a traditional vehicle — around 183 pounds — and this increased demand is expected to push annual EV-related copper usage to 1.7 million tonnes by 2027.

Giant Mining's ongoing drill program for 2025 includes a planned 4,400 feet of core drilling, targeting extensions of mineralized zones previously encountered in the 2024 drill campaign. The program includes follow-up holes and a newly added hole to test a high-potential resistivity anomaly identified using AI-driven analysis. The results of this drilling are expected to inform a future NI 43-101 compliant mineral resource estimate.

With 100+ drill holes completed to date and an estimated replacement value of US$10.4 million in historical development costs, Majuba Hill has shown characteristics consistent with large-scale porphyry copper systems. The project's infrastructure access and location in Nevada—a top global mining jurisdiction—further enhance its positioning.

Giant Mining's management team includes experienced professionals in geology, mining, and finance, supported by an advisory board that features leaders from the exploration, mining, and capital markets sectors. As copper prices continue to reflect rising demand from energy infrastructure and EV markets, projects like Majuba Hill may draw increasing attention from both institutional and retail investors.

The company's financing for the 2025 drilling campaign is in place, and future updates are expected as assay results and further geological observations are reported.

Technical Analyst Sees Bullish Potential in Giant Mining Corp.

In a March 5 analysis, Technical Analyst Clive Maund expressed a favorable view of Giant Mining Corp., highlighting a bullish chart pattern and supportive external conditions. Maund identified the formation of a "big Cup & Handle base pattern," which he described as a classic setup for a positive price reversal. He also cited a rise in trading volume during the rally on the right side of the formation as a sign that "the company is turning the corner."

Maund pointed to the alignment of several technical indicators, including the behavior of moving averages. He observed that "another upleg from here will quickly result in a bullish cross of the moving averages," which he believed would mark the beginning of "an important new bull market."

Beyond technical factors, Maund referenced policy developments such as proposed U.S. tariffs on copper imports. He stated that "the growing awareness that the tariff barriers will make domestic producers of copper like Giant Mining . . . more important" had begun to influence market sentiment.

From a historical valuation standpoint, Maund noted that the company's stock had reached substantially higher levels in the past. "As recently as early 2023, it was trading at over CA$4.00, and if you go back further, you will find that it was trading as high as CA$140 early in 2021," he wrote, suggesting that current levels represented "an excellent time to buy Giant Mining or add to positions in it."

Ownership and Share Structure

According to Giant Mining Corp., approximately 15.1% of its shares are held by insiders. The remaining shares are held by retail investors.  

Giant Mining Corp. has a market capitalization of approximately CA$22.88 million. 

The company's shares are traded on the Canadian Securities Exchange (CSE) under the ticker BFG, on the Deutsche Boerse AG (DB) under the ticker YW5, and on the OTC Pink Sheets in the U.S. under the ticker BFGFF, with these listings active since December 2017.