Permit Expansion Unlocks One of Peru's Most Promising Copper Exploration Corridors

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; 9l3:FSE) announced the formal submission of a semi-detailed Environmental Impact Assessment (EIA-Sd) for its flagship Sombrero copper-gold project in Peru. The application was filed through its wholly owned Peruvian subsidiary, Sombrero Minerales SAC, and aims to significantly expand permitted exploration activities beyond the current Ccascabamba target area.

According to the company, the proposed expansion would increase the permitted drill area by approximately 2,120 hectares, resulting in a total of 3,024 hectares under permit. The updated application includes an increase in allowed drill platforms from 38 to 181 and would facilitate the use of additional drill rigs. Target zones identified in the application include Fierrazo, Corrales, Tipicancha, Chumpi, and Escondida South, each characterized by geophysical and geochemical signatures, as well as previous historical data such as the 116 meters of 0.42% copper and 0.24 grams per tonne gold reported in drill hole FE-DDH-03A at Fierrazo.

"The submission of this expanded permit application is a big step forward for our Sombrero Project," said Ivan Bebek, Chair and CEO of Coppernico, in the news release. "It will provide access to multiple additional key targets and allow for a greater number of drill pads as we finalize our plans for Phase 2 drilling."

The expanded application follows the completion of environmental and social baseline studies, as well as the Company’s ongoing community engagement in the Huancasancos region. The company emphasized that permitting efforts are aligned with responsible exploration practices and are supported by a social access agreement already in place for the current drill area. 

Copper Prices Climb on Supply Concerns and Structural Demand Growth

Copper prices have shown modest gains across major exchanges, buoyed by tightening supply and long-term demand fundamentals. According to a report from Finimize published on November 19, copper prices rose on both the Shanghai and London exchanges, reversing earlier declines. The report stated that "traders stayed cautious with the Federal Reserve's next interest rate move up in the air," though some uncertainty eased following production updates from major mining operations. Despite volatility across the broader base metals market, copper remained supported by macroeconomic developments and regional disruptions.

A separate November update from Coulier Capital noted that "copper jumped 2.3% during the week, supported by improved risk appetite following the resolution of the U.S. government shutdown." The firm further pointed to supply-side constraints, including declining output from key producers and reduced inventories in China, as contributing factors to the price increase.

Looking at long-term demand trends, the November 2025 Market Data Forecast report on the European copper scrap market underscored copper's strategic role in the energy transition. The report highlighted that "solar photovoltaic systems use 3.5 to 5 kilograms of copper per kilowatt," with Europe's 2024 solar additions of 56 gigawatts accounting for over 220,000 tonnes of copper demand. In the electric vehicle segment, 2.8 million battery EVs were sold in the EU in 2024, each containing 80 to 90 kilograms of copper, resulting in over 230,000 tonnes of annual demand from light-duty EVs.

The report also emphasized the importance of recycled copper, noting that "primary copper production carries a carbon footprint of 4 to 6 tonnes of CO2 per tonne, whereas recycled copper from scrap emits only 0.5 to 1 tonne," according to the International Copper Association. Current EU regulations have pushed major manufacturers to source more than 60% of their copper from certified scrap refiners. However, the report flagged persistent challenges in the recycling infrastructure, stating that "only 58% of end-of-life electrical cables are formally collected for recycling in the EU," with some countries reporting rates as low as 32%. Still, structured urban mining strategies and integrated industrial recycling networks were cited as encouraging developments for the future of copper reuse.

Analyst Notes Scale Potential at Nioc and Sombrero

In a September 4 research update, Steven Therrien of 3L Capital highlighted the scale opportunity emerging at Coppernico Metals' Nioc target and across the broader Sombrero Project in Peru. Citing recent surface sampling results, Therrien stated that the data significantly enhanced the project's exploration outlook.

According to the note, the interpreted skarn systems at Nioc's Zones 1 and 2 could represent a deposit system "containing hundreds of millions of tonnes" if mineralization is confirmed at depth. Therrien referenced historical drilling at the nearby Fierrazo target within the Ccascabamba area, which returned intervals such as 116 meters grading 0.42% copper and 0.24 grams per tonne gold. These historical results, he said, provide strong support for the presence of widespread mineralization across the property.

Therrien added that the overall Sombrero land package exhibits indicators of multiple mineralized centers with large-scale exploration potential. Several high-priority areas, he noted, remain untested by modern drilling or systematic sampling.

Opening New Frontiers Along a Proven Copper Belt

Coppernico's exploration strategy at Sombrero targets the potential extension of the Andahuaylas-Yauri copper-gold skarn and porphyry belt, which hosts some of Peru's largest copper mines, including Las Bambas and Antapaccay. The company's 56,400-hectare land package lies within proximity to existing infrastructure and incorporates a range of underexplored copper-gold targets. 

The newly submitted drill permit application supports Coppernico's plan to transition into Phase 2 exploration by opening access to targets with existing surface and geophysical data, including Tipicancha and Fierrazo. As noted in the corporate presentation, the Fierrazo target has demonstrated mineralization through historical core and geophysical anomalies, while Tipicancha has shown characteristics of a vertically zoned epithermal-porphyry system. 

Surface samples at several Sombrero targets have returned copper grades exceeding 2% and gold values above 1 gram per tonne, reinforcing the geological potential of the broader land package. With a recently reported treasury of approximately C$4.1 million as of September 30, 2025, and financial runway through mid-2026, the company is positioned to continue advancing its pipeline of copper-gold targets while strengthening community partnerships. 

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 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$41 million. Its 52-week range is CA$0.12–CA$0.54 per share