Torr Metals Inc. (TMET:TSX.V) reported the initial compilation results of historical geochemical data on the road-accessible Bertha, Bertha South, JHC and Rhyolite occurrences, together comprising one of three potential large-scale, undrilled porphyry-style centers with surface mineralization identified, at its Kolos copper-gold project in southcentral British Columbia (B.C.), noted a news release.
"This data clearly highlights the Bertha zone as a standout copper-gold-silver target within our Kolos project," President and Chief Executive Officer (CEO) Malcolm Dorsey said in the release.
The gathered data set includes 2,090 soil and 27 rock grab samples, and these outline significant copper, silver and gold anomalies. The largest anomaly occurs in the roughly 2-square-kilometer (2 sq km) Bertha zone, where an induced polarization (IP) geophysical survey is being done.
Other takeaways from the data are as follows:
1) Strike Length of 400M+: The undrilled high-grade copper in outcrop has a greater than 400-meter (400m) strike length. Recently completed 2025 field reconnaissance confirms supergene-style mineralization at Bertha and Bertha South, from which historical rock grab samples yielded up to 8.48% copper (8.48% Cu) from within a historical exploration pit that reportedly produced 31 tonnes at 2.05% copper.
2) Robust, Unexplored Mineralization: Historical samples returned significant copper values in the Bertha zone, much of it unexplored and thus offering upside. Of the 2,090 soil samples compiled, 86 yielded copper values greater than 100 parts per million (ppm). Overall copper values ranged from 22 to 220 ppm, with 824 ppm being the highest. Of the 27 historical rock grab samples compiled, 12 yielded greater than 500 ppm copper, seven yielded greater than 15,000 ppm copper, and five yielded greater than 20,000 ppm copper.
3) Two Mineralized Trends: Anomalous soils within Bertha define a copper-gold-silver primary mineralized trend running northeast to southeast, 1 kilometer long (1 km). This is consistent with a supergene-enriched system defined along a broad corridor spanning the Bertha–Bertha South trend. The scale and geochemical signature are comparable to those of New Gold Inc.'s (NGD:TSX; NGD:NYSE.MKT) New Afton copper-gold porphyry deposit, a high-grade mid-tonnage system 29 km to the northeast. There, supergene mineralization is hosted within the upper 250–500m, where it forms a cap above the primary hypogene porphyry ore body below. A secondary, northwest-to-southeast mineralized trend in the Bertha zone extends another 2 km in strike length. The orientations of these trends coincide with structural controls mapped during field reconnaissance.
4) Added IP Survey Focus: Recent field observations led Torr to expand the in-progress IP geophysical survey at Bertha to 16.1 line kilometers from 11.7 and concentrate efforts on the primary Bertha-Bertha South trend.
"The presence of high-grade, untested copper in outcrop across multiple zones, alongside three well-defined multielement soil anomaly targets and an expanded IP survey all point to a potentially large-scale mineralizing system that remains untested by drilling," Dorsey said in the release.
"With highway access and strong geological parallels to the supergene zone at New Afton, located just 29 km to the northeast, we view Bertha as a highly compelling exploration target with significant new discovery potential ahead of our inaugural 2025 drill program."
Exploring for Discoveries Amid Giants
Headquartered in Vancouver, B.C., Torr Metals is exploring for new copper and gold discoveries in proven, highly accessible, Canadian mining districts populated by big names and in areas with existing infrastructure and a growing need for near-term feed, according to its July 2025 Corporate Presentation.
*"The company could hardly be better positioned, as it has a diversified portfolio of high-potential copper and gold targets, and the fundamentals for both of these metals could scarcely be better, with copper facing a supply crunch and a tidal wave of demand for gold incoming, due to the ballooning crisis of the financial system," wrote Technical Analyst Clive Maund in a May 7 company report.
With its three copper and gold projects together spanning 1,300 sq km, Torr has multiple shots on goal.
"Torr's 100%-owned, district-scale assets are strategically located for cost-effective, year-round exploration and development," Maund wrote.
The 332-sq-km Kolos project encompasses the 100% owned 275-sq-km property and, at its northern portion, the contiguous, 57-sq-km Bertha property recently strategically optioned with potential for full ownership. Kolos is in southern British Columbia's prolific Quesnel Terrane, 30 km southeast of Teck Resources Ltd.'s (TECK:TSX; TECK:NYSE) Highland Valley, Canada's largest open-pit copper mining operation. Other neighboring mines are New Afton and HudBay Minerals Inc.'s (HBM:TSX; HBM:NYSE) Copper Mountain copper-gold mines, to which Kolos compares favorably in terms of geology, noted Maund. He added that Kolos "finds itself in good company next to copper giants."
At Bertha, Torr is targeting a potential high-grade copper-gold porphyry system with strong geological similarities to the nearby New Afton deposit, where New Gold recently acquired the remaining 19.9% stake for US$300 million in April 2025, consolidating full ownership of the asset.
Along with Bertha, the other two porphyry systems at Kolos are Sonic, a brand new discovery where a 2024 rock sample returned 1.1% Cu, and Kirby-Lodi-Rea, from which a historical rock sample yielded showed 0.52% Cu and 4.24 grams per ton gold.
"There are a lot of targets at the Kolos project where significant grades have already been found," noted Maund.
Another of Torr Metals' projects is the 261-sq-km Filion project in northern Ontario, in an unexplored greenstone belt with high-grade orogenic gold potential. According to Maund, Filion has "huge discovery potential, especially as it is surrounded by 'heavy hitters including the likes of Agnico Eagle Mines Ltd. (AEM:TSX; AEM:NYSE), Alamos Gold Inc. (AGI:TSX; AGI:NYSE), Barrick Gold Corp. (ABX:TSX; GOLD:NYSE) and Hecla Mining Co. (HL:NYSE)." Filion boasts multiple undrilled targets.
Torr's third asset is the 689-sq-km Latham copper-gold project in the same prolific geological trend that hosts the nearby Red Chris, Saddle North, Galore Creek and Schaft Creek copper-gold porphyry deposits, the company's website describes. The project is close to major provincial infrastructure, including the Dease Lake airport and Highway 37.
Torr's management team collectively has a proven track record of launching 20-plus public companies, raising more than CA$1 billion to advance projects around the world and creating shareholder value, notes the company's Fact Sheet.
Copper, Gold Fundamentals Strong
Regarding the copper market, the long term outlook is "very good if you look through the noise of what's happening globally and the discussions around tariffs," David Franklyn, executive director and head of funds at Argonaut Funds Management, told Stockhead recently. He cited supply constraints on one hand, and growing demand on the other, fueled by the energy transition, electrification and data centers, among other factors.
"There's a whole range of key drivers there on the demand side," added Franklyn. "It's a big market. It's hard to manipulate, which is a positive in this day and age. So we're very bullish on that."
Franklyn also noted that investors are not doing much with copper stocks right now because they are unsure how the U.S.' 50% tariff on copper imports, due to begin on Aug. 1, will affect the market.
Justin Smirk, senior economist at Westpac, wrote in a July 15 commodities update, purported that once the tariff goes into effect, it is expected to cause copper demand in the U.S. to plummet, creating uncertainty about the metals' near-term outlook.
"It is quite likely that prices will correct lower as we move to year-end," he added.
To that end, Westpac forecasts US$9,670 per ton (US$9,670/ton) copper by the end of 2025. In comparison, the price at the close on July 22 was US$9,818/ton. Westpac sees the price dropping slightly between year-end 2025 and year-end 2026 to US$9,470/ton then reversing course and rising to US$9,910/ton by March 2027.
Ole Hansen, head of commodity strategy at Saxo Bank, wrote in a recent note that the 50% tariff would be a "massive tax on consumer of copper," and thus, likely to spur copper prices higher, CNN reported on July 17.
Goldman Sachs predicts the COMEX-LME spread could reach 25–35% of the LME price, or US$2,300–3,300/ton, up from an earlier forecast of 15–20%, reported XTB on July 9. At the same time, the bank's analysts expect LME prices to peak around US$10,050/ton next month. Citi's outlook, in contrast, has LME prices falling to US$8,800/ton in the same time frame. Citi attributes this to copper demand not being reported now in the U.S. because of the existing stockpiles of the metal, built up in recent months.
Between this year and 2030, the U.S. copper market is forecasted to expand at a 6% compound annual growth rate, according to Grand View Research. Specifically, revenue is projected to reach US$19.7 billion (US$19.7B) by 2030, up from US$14.4B in 2024.
As for the gold market, its fundamentals remain strong, reported Stockhead's Josh Chiat on July 18. Looking to H2/25, a bearish gold scenario would follow "some form of risk resolution in terms of geopolitical and trade conflict" but would still have support at US$3,000 an ounce (US$3,000/oz), according to the World Gold Council (WGC) in its midyear outlook, noted Chiat. In the bull case, where economic conditions worsen, the gold price could run 10–15% higher in H2/25. This likely would cause an upturn in central bank buying of the metal.
"We believe that gold — through its fundamentals — remains well positioned to support tactical and strategic investment decisions in the current macro landscape," the WGC noted.
With respect to the gold price in the near term, HSBC recently raised its 2025 and 2026 predicted averages based on elevated risks and government debt, reported Reuters on July 1. The new figures are US$3,215/oz for this year, up from US$3,015, and US$3,125/oz for next year, up from US$2,915. Spot gold was US$3,438/oz most recently at the end of trading on July 22.
Similarly, metals analysts are forecasting 15% higher gold prices on average for the rest of 2025, according to a new poll by the London Bullion Market Association, reported Mining.com on July 15. As for how high gold could go, the analysts were divided. The highest price cited was US$4,000/oz, and the lowest was just under US$3,500. However, an appreciable number of analysts indicated they expect the price to pull back toward year-end; five of the 13 analysts predicted a December 2025 price of US$3,200/oz or under.
Longforecast's estimates have gold closing this year at US$3,887/oz, rising to finish out 2026 at US$5,172/oz, then moving up a bit more to reach US$5,266/oz by year-end 2027.
The Catalyst: Inaugural Drill Program
Torr Metals plans to carry out 3,000m of drilling at Kolos, its first drill campaign there, targeting up to 8.48% copper, notes the company's Investor Presentation.
Also, permits are expected for Kirby-Lodi-Rea, where targets are supported by surface copper-gold and greater than 1.5-km-deep anomalies seen on a ZTEM, or Z-axis Tipper Electromagnetic, survey.
Stock at Excellent Entry Point
Technical Analyst Maund rates Torr Metals a "Very Strong Buy" for all time horizons. He explains that the fundamentals have improved materially since the start of the year. In the interim, the company has been working progressively toward its objectives, and the prices of copper and gold have been climbing.
Meanwhile, TMET has been building out the handle of a cup-and-handle base pattern, as noted on its six-month chart. The stock's action during this period indicates that now is an excellent point to buy. The stock has unwound its earlier overbought condition, thereby restoring upside potential. After a gentle uptrend starting in December, the stock retreated to a support level. The accumulation line rose, even as the price reacted back due to upside volume predominance; this divergence signals a renewed advance.
Streetwise Ownership Overview*"The case for a major bull market in Torr Metals is overwhelming, on both fundamental and technical grounds," wrote Maund. "With the stock at an excellent entry point after its recent dip, the question may fairly be asked, "What's not to like?"
The analyst noted the first target for a TMET upleg is CA$0.18–0.20. This implies a 38–54% return from the stock's price at the July 22 market close and at the time of Maund's May report. The second target is CA$0.31–0.33, after which the stock is expected to climb to much higher levels.
Ownership and Share Structure
According to Torr, about 25% of the company is owned by management and close associates and about 9% by institutions. The rest is retail.
Top shareholders include Torr Resource Corp. (owned by Malcolm Dorsey) with 7.87%, Severin Holdings Inc. with 6.56%, John Williamson with 2.33%, Sean Richard William Mager with 1.28%, and Malcolm Dorsey with 0.09%, Refinitiv reported.
Its market cap is CA$6.09 million with 50.84 million shares outstanding. It trades in a 52-week range of CA$0.08 and CA$0.18.
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Important Disclosures:
- Torr Metals Inc. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.
- As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Torr Metals Inc.
- Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor.
- 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.
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* Disclosure for the quote from the Clive Maund article published on May 7, 2025
- For the quoted article (published on May 7, 2025), the Company has paid Street Smart, an affiliate of Streetwise Reports, US$3,000.
- Author Certification and Compensation: [Clive Maund of clivemaund.com] is being compensated as an independent contractor by Street Smart, an affiliate of Streetwise Reports, for writing the article quoted. Maund received his UK Technical Analysts’ Diploma in 1989. The recommendations and opinions expressed in the article accurately reflect the personal, independent, and objective views of the author regarding any and all of the designated securities discussed. No part of the compensation received by the author was, is, or will be directly or indirectly related to the specific recommendations or views expressed
Clivemaund.com Disclosures
The quoted article represents the opinion and analysis of Mr. Maund, based on data available to him, at the time of writing. Mr. Maund's opinions are his own, and are not a recommendation or an offer to buy or sell securities. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund's opinions on the market and stocks cannot be only be construed as a recommendation or solicitation to buy and sell securities.
