Morocco Strategic Drills as Copper Hits US$6.45 Per Pound

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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.

Precious metals investors are watching Morocco Strategic Minerals Corp. (MCC:TSXV; GNSMF:OTCMKTS) after an announcement of new assay results.

Key Takeaways

• Morocco Strategic Minerals returned assay results from first-phase sampling at its Ouneine and Ait Zekri projects in the Western High Atlas region.
• At Ouneine, 49 grab samples graded up to 14.88% copper and 696 g/t Ag (silver), with 37 samples exceeding 1% Cu (copper) and eight above 5.29% Cu.
• At Ait Zekri, 23 grab samples returned up to 4.16 g/t Au (gold), with 19 samples above 0.10 g/t Au, and gold was confirmed both at surface and underground.
• MCC has deployed a full-time Moroccan field team of two geologists and three technicians, alongside drone topographic surveying and 3D underground laser scanning.
• The projects fall under MCC's option to acquire up to 80% of a district-scale portfolio from MNF Groupe, covering seven properties across the Western High Atlas.
• The company also holds a separate option for 100% of the Ouneine mine license, expected to be exercised by year-end 2026 pending administrative renewal.

Assay Results and an Operational Update

On July 29, 2026, Morocco Strategic Minerals released assay results from the Phase 1 sampling programs at its Ouneine and Ait Zekri projects, as well as an operational update on its Western High Atlas portfolio in Morocco.

The press release listed the following highlights:

• Ouneine: 49 samples (excluding blank and standards), returned values of up to 14.88% Cu and 696 grams per tonne Ag (sample ON-GB 0025). A further 37 samples returned at least 1.0% Cu, while eight returned more than 5.29% Cu.
• Ait Zekri: 22 grab samples (17 surface and five underground gallery grab samples) returned up to 4.16 g/t Au (AZ-GB005). Gold mineralization was confirmed at surface and in the historical gallery, including 2.11 g/t Au from an underground sample AZ-GB020.
• MCC has established a dedicated in-country exploration team comprised of two geologists and three technicians through its Moroccan contractors, supported by the company's Canada-based independent qualified person.

Results of sampling and a 3-D laser scan of underground workings and a drone-based topographic survey will be used to create detailed sampling plans, and rehabilitation and safety work have begun in selected historical workings in preparation for future drilling targets.

Specific sampling results are as follows:

Ouneine:

• ON-GB0025: 696 g/t Ag and 14.88% Cu;
• ON-GB0041: 248 g/t Ag and 2.65% Cu;
• ON-GB0050: 163 g/t Ag and 3.66% Cu;
• ON-GB0043: 158 g/t Ag and 13.76% Cu;
• ON-GB0017: 138 g/t Ag and 8.83% Cu.

Ait Zekri:

• AZ-GB005 (surface): 4.16 g/t Au;
• AZ-GB020 (underground): 2.11 g/t Au;
• AZ-GB004 (surface): 1.64 g/t Au;
• AZ-GB003 (surface): 0.98 g/t Au;
• AZ-GB023 (underground): 0.57 g/t Au.

"Mapping identified several N20-trending quartz veins with subvertical dips, widths generally ranging from approximately 0.5 to 2.0 meters (m), and lateral continuity over tens of meters. Within the gallery, the principal mineralized structure trends between N40 and N50, dips subvertically, and displays a brecciated quartz-carbonate texture with disseminated pyrite and strong limonite-hematite oxidation. Malachite and azurite occur locally in surface oxide zones, and an intensely altered fault corridor with argillic alteration and finely disseminated pyrite has been identified as a priority follow-up target," stated the release. These results are leading the company to continue to evaluate the historical gold-silver system.

Morocco Strategic is a Canadian exploration company focused on properties within Canada and Morocco.

Copper Climbs as Gold Slips

Junior miners and exploration companies hit the ground running this year after gold rallied at a high of US$5,500 per ounce in January. Many companies chose to begin exploration or production amid these highs. While prices have since fallen, and even dipped below US$4,000 in June, rates are still up 24% compared to July 2025, and Gold.org wrote that: "[T]he stage is set for a possible breakout. On the upside, clear catalysts — a worsening economy or renewed geopolitical shock, a shift towards lower interest-rate expectations, or a wave of dip buying — could reignite gold's momentum and lift it back towards US$4,500/oz or above."

On July 30, 2026, Trading Economics reported that ". . . gold fell below US$4,050 an ounce on Thursday, giving back the previous session's gains as traders reassessed the Federal Reserve's policy outlook after the central bank left interest rates unchanged." The article went on to argue that "Markets are now pricing in roughly a 67% chance of a 25-basis-point Fed rate hike in September, up from 56% a day earlier, while expectations for a larger 50-basis-point increase have largely disappeared." Higher interest rates are a response to inflation, and combined with a stronger dollar, raise the opportunity cost of holding a non-yielding metal. 

In April, S&P Global wrote, "Gold is expected to remain volatile but structurally supported, with central bank demand and geopolitical risk helping to establish a price floor above recent correction lows."

Demand for copper is expected to rise due to continued use in electronics, especially with the widespread construction of new data centers and defense needs America is experiencing. A report from Businessworld claimed that "global copper demand is gradually shifting towards strategic and less price-sensitive sectors such as AI infrastructure, defense, power grids, and clean energy systems. By 2040, these categories are expected to account for nearly 45% of total copper demand, up from 32% in 2024."

Last year, the looming potential of President Donald Trump's tariffs surged copper prices in the U.S. as American investors stockpiled the metal. This hype created an overstocking of copper, widening the gap between futures and physical worth. "Collectively, inventories at the world's main exchanges have risen by more than 500,000 tons since the start of the year," stated a March 6 article by Bloomberg News. Trump's July 30, 2025, proclamation imposed a 50% Section 232 tariff on the copper input value of semi-finished copper and copper-intensive derivative products, effective August 1, 2025. Effective April 6, 2026, a 50% tariff was applied to the full value of semi-finished copper products, which collapsed the COMEX premium. This proclamation set a phased universal duty on refined copper, which will start at 15% on January 1, 2027, and will rise to 30% in 2028. 

Now, according to Trading Economics on July 31, 2026, "Copper futures climbed above US$6.45 per pound on Friday and were on track to finish the week and the month about 2% and 4% higher, respectively. The gains followed the US Federal Reserve's decision to leave interest rates unchanged this week, easing concerns over the demand outlook for industrial metals."

Chen Lin Cites "Extraordinary" Copper Grades

On July 30, 2026, Chen Lin of What is Chen Buying? What is Chen Selling? gave his opinion of the company. Chen said: "One company I have been watching closely is Morocco Strategic Minerals, a copper explorer in Morocco with a project I think most people do not yet appreciate. The surface copper grades on this project are almost 10%, which is extraordinary by global standards. The team has consolidated the entire basin and is planning a systematic drill program this fall. They cannot drill during the summer months due to desert heat, but when September arrives, the drill should begin."

MCC Option Targets 80% Interest

MCC has entered into an option agreement for 100% of the Ouneine mine license, which is expected to be exercised by year-end 2026 pending administrative renewal.

Ownership & Share Information¹

Morocco Strategic Minerals Corp. has a market cap of CA$23.40 million, with 188 million shares outstanding. The company's 52-week range is CA$0.07-CA$0.22. Management & Insiders own 5.61% of shares, while the remaining 94.39% of shares are held by Retail.

Frequently Asked Questions

What is a grab sample?
A grab sample is a single rock sample collected from a specific location to test for the presence of valuable minerals. Grab samples can identify areas of interest but are not representative of the overall grade of a mineral deposit.

What is a quartz vein?
A quartz vein is a sheet-like body of quartz that forms when mineral-rich fluids fill cracks in surrounding rock. Quartz veins often contain precious or base metals and are common exploration targets for gold and silver.

What is a mineralized structure?
A mineralized structure is a geological feature, such as a fault, fracture, or vein, where valuable minerals have been deposited by natural processes. These structures often guide exploration drilling.

What is a drone topographic survey?
A drone topographic survey uses unmanned aircraft equipped with cameras or laser scanners to create detailed maps of a property's surface. These surveys help exploration teams plan drilling and understand geological features.

What is 3D laser scanning in mineral exploration?
Three-dimensional (3D) laser scanning creates highly accurate digital models of underground workings or surface features. The data helps geologists map old mine workings, improve safety, and identify future exploration targets.

What is a flotation plant?
A flotation plant is a processing facility that separates valuable minerals from crushed rock using water, chemicals, and air bubbles. The process produces a mineral concentrate that can be further refined.