Copper Discovery Momentum Builds in Peru's Skarn Belt

1. Coppernico Metals  is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.
2. As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Coppernico Metals.
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.

1. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

Coppernico Disclosures

1. Coppernico is solely responsible for the technical information herein about its Ccascabamba project, such disclosure having been reviewed by its qualified person Tim Kingsley, C.P.Geo. 
2. Streetwise Reports has written this article with information compiled from third-party sources and does not make its own opinions. The information presented in this article comes from Coppernico Metals (when writing technically about the Ccascabamba project), and third-party sources outside of both Coppernico Metals and Streetwise Report’s control. 

Coppernico Metals Inc. (COPR:TSX; CPPMF:OTCQB; 9I3:FSE) released a corporate update summarizing exploration progress made in 2025 and outlining its plans for 2026 at the Sombrero Project in Peru. The company reported multiple operational achievements across drill targeting, advancing new targets through the exploration pipeline, community engagement, and permitting efforts as it advanced its copper-gold exploration strategy. 

In 2025, Coppernico completed the final 8 holes of its 20-hole diamond drilling program at the Ccascabamba target area. These holes confirmed the presence of a mineralized skarn system, which the company said supported its geological model. Additional surface work at the Nioc target included channel sampling that returned 52 meters of 1.06% copper and 93.5 meters of 0.87% copper, with one 6-meter interval yielding 2.98% copper. The company also identified a large-scale porphyry target at Tipicancha, where sampling yielded 22 meters of 0.65% copper and 0.77 grams per tonne silver, including a 10-meter section with 1.14% copper. 

The company filed an application to expand its existing drill permit from 38 to 181 platforms and began a regional geophysical program to refine structural interpretations and support future drilling. It also optimized its 56,400-hectare land package by acquiring new claims and relinquishing non-core ground. 

Community partnerships remained a central focus. Coppernico reported continuing discussions on additional surface access agreements and support for AGROIDEAS, a Peruvian government initiative aimed at promoting sustainable agriculture. According to the company, it maintained a zero Total Recorded Incident Frequency Rate across employees and contractors in 2025. Ivan Bebek, Chair and CEO, stated in the news release, "Coppernico enters 2026 with strong technical momentum, a growing target pipeline of high-quality targets, and a clear pathway toward drilling the most prospective areas of the Sombrero mineralized system." 

Copper Market Strengthened as Supply Pressures and Hard-Asset Demand Intensified

In a December 12 commentary, Frank Holmes wrote that persistent currency debasement and deficit spending had eroded purchasing power, noting that "when money becomes untethered from reality, everything priced in dollars becomes harder to afford." While his analysis focused on monetary conditions, it framed a broader environment in which tangible assets tied to real-world demand retained value amid fiscal strain.

By mid-December, copper prices had already reached multiple record levels. According to a December 14 report from CNBC, copper prices had surged throughout 2025, driven by supply disruptions and tariff-related stockpiling in the United States. The article stated that the rally had been "turbocharged by tariff concerns," as market participants moved metal into the U.S., tightening availability elsewhere. Natalie Scott-Gray, senior metals analyst at StoneX, said that "a huge amount of tightness has to do with U.S. tariff concerns with refined copper inflows into the U.S." The report added that copper inventories outside the U.S., particularly on the London Metal Exchange, had declined sharply, with inventories nearly 40% lower than at the start of the year.

Supply-side challenges persisted into late December. Bloomberg wrote on December 22 that copper climbed to a fresh record and approached US$12,000 per metric ton in a year shaped by trade disruptions, unplanned mine outages, and constrained processing capacity. The report noted that "growing concerns about tightening global supply have outweighed a slowdown in demand," with a rush of shipments into the U.S. threatening to leave other regions undersupplied. Bloomberg also reported that annual benchmark negotiations resulted in smelters receiving zero dollars per ton in treatment and refining charges, described as "the lowest on record," underscoring stress across the refined copper supply chain.

Research Coverage Cites District‑Scale Copper Potential

In a research note dated September 4, analyst Steven Therrien of 3L Capital discussed the potential scale of Coppernico's targets, emphasizing the Nioc target area. He referred to past results from Fierrazo and more recent drilling at Ccascabamba as supporting evidence of a broad copper system. Therrien stated that "interpreted skarn systems at Nioc's Zones 1 and 2 may represent a deposit system containing hundreds of millions of tonnes," depending on whether mineralization is confirmed at depth. He also noted that several priority zones remained untested by modern drilling. 

Copper-Gold Corridor Positioned for Advancement

Coppernico's strategy for 2026 centers on advancing multiple copper-gold targets within the Sombrero Project.

Located in the Andahuaylas-Yauri belt, the Project is considered a geological analogue to Las Bambas, one of the world's top-producing copper mines. According to the company's investor materials, Coppernico's Sombrero land package sits along a 10-kilometer trend of overlapping geophysical anomalies and surface mineralization consistent with skarn and porphyry systems. 

Upcoming catalysts for 2026 include finalization and approval of the expanded EIA-Sd (environmental impact assessment/semi-detailed) drill permit, continued community agreement negotiations, and results from ongoing geophysical and surface sampling programs across Nioc, Antapampa, and other advanced targets. The company also plans to refine drill targeting by integrating new magnetic and gravity data with existing induced polarization to better define the subsurface potential across key zones. 

The exploration pipeline has also been broadened to include newly incorporated targets such as Milpoc, Macha Machay, and Rumi, with geochemical signatures that support future advancement. The company intends to maintain an active presence at mining conferences, including the Vancouver Resource Investment Conference, PDAC, and events in Zurich and Scottsdale, to engage with the investment community and sector peers.

With recent drilling confirming a significant mineralized system and a permitting expansion in progress, Coppernico is working to position its Sombrero Project for further exploration in 2026. The company stated that its efforts are supported by a focus on safety, community collaboration, and disciplined technical execution. 

Ownership and Share Structure¹

Coppernico Metals is owned by strategic investors, including Teck Resources Ltd. (TECK:TSX; TECK:NYSE) with 9.9% and Newmont Mining (NEM:NYSE, NGT:TSX, NEM:ASX) with approximately 5.6%. 

Overall, the ownership of Coppernico is 18.37% by institutions, 15.54% strategic entities, 5.13% management and insiders, and the rest, 60.96%, is retail.

Coppernico has 177.3 million outstanding shares and 145.47 million free float trading shares. Its market cap is CA$47 million. Its 52-week range is CA$0.12–CA$0.54 per share.