155 Meters of Continuous Copper Mineralization Emerges From the Andes

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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 Metals Inc. (COPR:TSX; CPPMF:OTCQB; 9I3:FSE) reported that recent channel sampling and geological mapping at Zone 1 within the Nioc target area of its Sombrero Project in Peru had extended the defined surface footprint of copper mineralization. According to the company, sampling results outlined a continuous mineralized footprint measuring approximately 170 meters east-west by 200 meters north-south, with mineralization remaining open in both directions beneath post-mineral cover. 

Among the new results, the combined data from Channels 029 (previously published by Coppernico on September 4, 2025), 065, and 066, defined 155 meters of continuous copper mineralization averaging 0.54% copper (Cu). Other highlights included Channel 071 with 164 meters averaging 0.41% Cu and Channel 072 with 126 meters averaging 0.40% Cu. Higher-grade intervals were also observed, such as 54 meters of 0.92% Cu in Channel 068, which included 12 meters grading 2.82% Cu and 2.12 grams per tonne (g/t) silver (Ag). 

In a company news release, Coppernico Chair and CEO Ivan Bebek stated, "The Nioc target area continues to deliver outstanding surface results, with strong copper grades and widths that align closely with our mapping and geophysical data." 

The results were obtained through hand-dug channel samples to depths of approximately 1.5 meters. The company noted that further northward and southward extensions of Zone 1 remain untested due to limitations imposed by post-mineral cover and topography. Mineralization coincides with large, elevated chargeability anomalies which continue from surface to ~400m depth, suggesting potential subsurface continuity. 

Coppernico also highlighted the similarities between the Nioc and Fierrazo targets, the latter of which yielded historical drill intercepts such as 116 meters of 0.42% Cu and 0.24 g/t gold (Au), and 51 meters of 0.43% Cu and 0.16 g/t Au, as reported in 2019. According to the company, the latest Nioc results support the presence of a skarn system marked by copper-rich zones developed along structural and lithological contacts with magnetite-rich alteration. 

Tim Kingsley, Vice President of Exploration, commented in the release, "We are observing continuous copper mineralization at surface over meaningful widths and strong associations with magnetite and intrusive contacts... all key indicators of a robust mineralized system with potential at depth." 

Coppernico stated that these results would help prioritize drill targets as the company advances toward drilling at Nioc. 

Copper Sector Signals Structural Strain Across Supply Chain

According to a January 9 report by Shanaka Anslem Perera titled The Red Metal Singularity, the global copper supply system experienced a major shift entering 2026, marked by the benchmark treatment and refining charge (TC/RC) for copper concentrate being set at zero for the first time in four decades. Chinese smelters agreed to process Chilean concentrate without compensation, with spot market conditions turning so extreme that "smelters are now paying miners for the privilege of receiving ore." Perera noted this was not a temporary market anomaly but a systemic break: "The average copper ore grade at major mines has declined from 1.4% in 2010 to approximately 0.65% in 2024," doubling the energy and capital required to produce a single tonne of copper.

The report also highlighted the increasing timeline from discovery to production, which has stretched from six years to eighteen. Perera explained that the delay was not merely regulatory but due to the layered complexity of engineering, social licensing, and infrastructure in remote or environmentally sensitive areas. "The supply response to today's record copper prices will not arrive until the late 2030s at the earliest, more likely the 2040s," he wrote.

On January 12, Kristie Batten reported in Stockhead that the copper price had surged by more than 45% in 2025, reaching a record average of US$4.52 per pound and briefly surpassing US$6 per pound in early 2026. Batten cited commentary from Argonaut's Hayden Bairstow, who stated, "The demand thematic for copper remains strong, with the current surpluses likely to be eroded during 2026." Bairstow pointed to decarbonization, electric vehicle growth, and energy infrastructure as core drivers and added that "the increased focus on the global battery storage build-out is creating upside risk to consensus demand forecasts."

In a January 12 issue of Copper Stocks Rockin by Ron Struthers, the role of copper in digital infrastructure was emphasized. Struthers referenced Microsoft's US$500 million data center in Chicago, which required 2,177 tonnes of copper — equivalent to 27 tonnes per megawatt of applied power. He described the build-out of AI and data center infrastructure as a critical factor behind copper's increasing importance, observing that "all major commodity bull markets are driven by investment demand regardless of the physical demand and supply." He also noted that copper-related stocks had shown strong performance in early 2026, with multiple companies reaching new highs.

Research Coverage Highlights Regional Copper Scale

In a September 4 research update, 3L Capital analyst Steven Therrien reviewed exploration data across the Sombrero district and described Nioc as a central area of interest within a broader copper skarn system. Drawing on historical drilling at Fierrazo together with recent work at Nioc and Ccascabamba, he characterized the mineralization as part of a large, interconnected copper system. Therrien stated that "interpreted skarn systems at Nioc's Zones 1 and 2 could represent a system measured in the hundreds of millions of tonnes" if even a portion of the interpreted skarn bodies proves to be mineralized at depth, and added that multiple high-priority zones had not yet been evaluated using modern drill programs. 

Large Skarn System Underpins Target Development Strategy

Coppernico's ongoing development of the Nioc and Fierrazo targets forms part of a broader strategy to define district-scale copper skarn and porphyry systems across its Sombrero Project. The company holds approximately 56,400 hectares of mineral claims in southern Peru and has identified more than a dozen target areas across the project, including early-stage epithermal and porphyry prospects such as Antapampa and Tipicancha.

According to the investor presentation, Coppernico is working to expand drill permits across the region while integrating recent geophysical data with geological sampling results. The company has completed induced polarization (IP) and magnetic surveys that define a 10-kilometer trend of overlapping chargeability and magnetic anomalies between the Nioc and Ccascabamba areas, where prior drilling has confirmed copper mineralization.

The project area is supported by local infrastructure, including paved roads, nearby towns, and power lines. Coppernico has also emphasized its longstanding community partnerships in the Huancasancos region, which include agricultural development programs and a social access agreement. 

With mineralization at Nioc remaining open in multiple directions and channel sampling continuing to yield broad intervals of copper, Coppernico is advancing its target pipeline toward drilling while refining its geological model to assess scale and continuity. 

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$69 million. Its 52-week range is CA$0.12–CA$0.45 per share.