Copper Explorer Launches Fully Funded Drilling in BC

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1. Disclosure for the quote from the John Newell article published on February 11, 2026

1. For the quoted article (published on February 11, 2026), Giant Mining paid Street Smart, an affiliate of Streetwise Reports, US$2,500.
2. Author Certification and Compensation: [John Newell of John Newell and Associates] was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Newell holds a Chartered Investment Management (CIM) designation (2015) and a  U.S. Portfolio Manager designation (2015). The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.

John Newell Disclaimer

As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it's advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance.

2. 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.

Copper One Resources Corp. (CEXY:CSE; CEXYF:OTC; IW8:FRA) has started diamond drilling at its wholly owned Redonda Copper-Molybdenum Project on West Redonda Island in British Columbia, launching a fully financed 2026 exploration campaign aimed at expanding and better defining the property's large porphyry copper-molybdenum system, according to a release on August 7.

"We are excited to have commenced drilling at Redonda while continuing to advance our ongoing drill program at our flagship Majuba Hill Copper-Silver-Gold Project in Nevada," Chief Executive Officer David Greenway said. "The start of this fully funded program at Redonda marks an important milestone for Copper One and provides the opportunity to test the southern extension of the known copper-molybdenum system, further evaluate its geometry and continuity, and potentially expand the mineralized footprint. With drilling now underway at two highly prospective North American copper projects, Copper One is well positioned to generate a steady pipeline of exploration results and create long-term value for shareholders."

Copper One said it has completed its drill planning and logistics, with four initial drill sites surveyed and prepared. The program calls for approximately 2,400 meters of diamond drilling, with additional holes possible depending on results. Paradigm Drilling Ltd. is carrying out the work with a Boyles T-75 hydraulic, track-mounted diamond drill using NQ tooling and capable of reaching depths beyond 600 meters.

Redonda covers nine mineral claims totaling approximately 2,746 hectares on West Redonda Island in British Columbia's Vancouver Mining Division, the release noted. The property hosts a large, underexplored porphyry copper-molybdenum system within the Coast Suture Zone, a geological belt associated with significant porphyry copper deposits. Exploration has taken place intermittently since the late 1960s and has included geological mapping, geochemical sampling, geophysical surveys, trenching, and diamond drilling.

Upcoming Catalysts

Copper One has two 2026 drill programs advancing in parallel. The other is at its flagship Majuba Hill Copper-Silver-Gold Project in Pershing County, Nevada, where drill hole MHB-37B surpassed 732 meters (2,400 feet) — later completed to a total depth of 765.9 meters (2,513 feet)— with the first 536 meters (1,760 feet) of core submitted to ALS Laboratories in Reno for geochemical analysis.

Assay results from both programs are pending and will be released once laboratory processing, review, and quality-control procedures are complete, the company said.

Program to Build on Earlier Work

Historical work at Redonda by Teck Resources Ltd., formerly Teck Corp., included nine NQ diamond holes totaling 1,681 meters (5,515 feet) in 1979. Later operators added drilling, trenching, and airborne geophysical surveys, identifying several copper- and molybdenum-bearing zones that remain open along strike and at depth. Copper One's NI 43-101 technical report, filed in March 2026, incorporates historical exploration, recent drilling, and updated geophysical information used to guide the current campaign, the release said.

The current program will build on that earlier work by testing the southern continuation of the known mineralized system and refining its orientation, geometry, and continuity. Copper One also aims to extend the recognized strike length of the mineralization beyond one kilometer and establish targets for future step-out drilling.

Particular attention will go to the southern portion of the system, where recent field observations have identified a potential previously unrecognized mineralized zone exposed along a historic logging road east of the main trend. Copper One said it plans to map and sample the area systematically, with analytical results potentially determining whether it becomes an additional drill target. Experienced porphyry copper geologist B. Augsten, P.Geo., will oversee most of the geological core logging.

In the release, Copper One announced separately amended terms for its previously announced non-brokered special warrant offering. Under the revised terms, the company reduced the subscription price from CA$0.44 to CA$0.40 per Special Warrant, lowering the maximum gross proceeds to CA$7.8 million from CA$8.58 million, while leaving the maximum number of Special Warrants unchanged at 19.5 million.

The exercise price of the share purchase warrants underlying each unit issued upon conversion of the Special Warrants has also been reduced from CA$0.55 to CA$0.50 per common share.

Financing Shows Co. Is Attracting Growing Investor Attention

Copper One appears to be attracting growing institutional attention to its Majuba Hill Copper project, underscored by the company's announcement of the financing, according to James West of the Midas Letter Substack on July 11.

The company also reported a high-grade sample from its recent underground breccia mapping program that returned 10.5% copper and 188 grams per tonne (g/t) silver, he noted.

For investors trying to distinguish resource companies with meaningful potential from those that have stalled, few signals are more compelling than substantial financing combined with a high-grade discovery. The timing could also prove significant, given that the company announced the financing while advancing a major drilling program.

"Here's why," West wrote. "Copper, unless you've been asleep under a rock in the 100-degree weather, is about the only metal commodity that has been exhibiting price movements consistent with a secular supply crunch getting worse with time."

West argues that, unlike gold and silver, whose prices can be heavily influenced by movements in the futures market, copper responds more directly to fundamental forces, including declining grades at major producers, insufficient investment in new mines, and rapidly expanding demand driven by artificial intelligence and the accompanying data center buildout.

Copper has also displayed comparatively lower price volatility since the start of 2026 than other metals, reinforcing the view that its market is being shaped increasingly by underlying supply-and-demand fundamentals, he said.

West said three major themes are driving global copper consumption in 2026, including power-grid expansion and electrification, electric vehicles, and artificial intelligence.

Several factors make Copper One particularly interesting for investors, West said. The company secured full ownership of the Majuba Hill Copper-Silver-Gold Project at a reduced acquisition cost. In June 2026, Copper One signed an amendment agreement to purchase 100% of the project for US$1.3 million in cash, approximately US$2.7 million less than the original option framework. Full ownership eliminates earn-in requirements while giving the company greater control over exploration and strategic decisions.

Majuba Hill also benefits from its location in Pershing County, Nevada, an established U.S. mining jurisdiction. The property encompasses 403 federal lode mining claims and four private parcels covering approximately 3,919 hectares (9,684 acres).

Exploration has further outlined what could be a large copper-silver-gold mineralized system displaying characteristics associated with porphyry-style copper deposits, the Substack said. The project also benefits from its scale, accessibility, infrastructure, and historical exploration.

Another potential catalyst is the company's stated goal of progressing toward a maiden mineral resource estimate (MRE), an important development that can materially increase market attention when exploration successfully establishes a defined resource, according to West.

"Copper One's latest investor sees the company as an attractive vehicle in which to expose themselves to a high-impact copper play that will likely respond to any meaningful exploration success positively, while the continuing shortfalls and rising demand for copper provide a backdrop of upward price pressure," West wrote. "In combination, those two aspects make Copper One worth a hard look."

Co. Has Increasing Appeal as Demand for Copper Accelerates

¹In a detailed analysis published by Streetwise Reports on February 11 (before the company officially changed its name from Giant Mining Corp. earlier this year), John Newell of John Newell & Associates examined Copper One’s progress and prospects. Over the years, the company has substantially advanced Majuba Hill through extensive drilling, geophysical exploration and geological modeling, building a comprehensive technical database for the project.

Newell emphasized Copper One’s increasing appeal as copper demand accelerates and the U.S. places greater importance on developing domestic supplies of critical minerals. Between 2020 and 2025, the company carried out multiple exploration campaigns at Majuba Hill, completing more than 100 drill holes and approximately 27,247 meters (89,395 feet) of drilling. More recent work has targeted extensions of established copper mineralization, deeper sulfide zones and resistivity anomalies identified through geophysical programs and AI-assisted exploration methods.

Newell said ongoing technical work at Majuba Hill continues to reveal characteristics associated with a porphyry system. Although the project remains at the exploration stage, successive drilling programs have continued to advance the geological understanding of the property. He also discussed Project Vault, a newly announced U.S. strategic reserve for critical minerals that reflects Washington’s increasing focus on strengthening domestic supplies of copper and other essential commodities. The initiative could reduce dependence on overseas supply chains and potentially enhance the strategic appeal of U.S.-based copper projects.

From a technical perspective, Newell noted that Copper One shares underwent a period of correction and consolidation during 2025 before beginning to move above a declining trendline within a triangle formation. Newell concluded his analysis with a Speculative Buy recommendation.

AI is Rapidly Increasing Demand for the Red Metal

Copper futures slipped below US$6.55 per pound as higher prices curbed Chinese demand, although constrained concentrate availability continued to limit the market's downside, reported Ryan Charles for Crux Investor on August 13.

Imported concentrate treatment charges dropped to a record negative US$175.7 per tonne from negative US$38.4 per tonne a year earlier, moving more of the industry's profit toward mine operators and away from smelters. China's August refined copper production is expected to reach 1.05 million tons, representing a 2.83% year-over-year decline and marking a second consecutive annual decrease, underscoring limited refined supply despite softer purchasing.

Meanwhile, Chilean producer Antofagasta lowered its 2026 copper production forecast to between 625,000 and 655,000 metric tons, while stronger copper prices helped drive pretax earnings 72% higher to US$2 billion and increased its dividend to 30.1 cents per share. Market tightness could ease if the Yangshan premium drops below US$96 per tonne or treatment charges improve toward negative US$38.4 per tonne.

"Every commodity cycle has a turning point — a moment when the underlying drivers of demand shift so fundamentally that historical pricing models stop working," wrote Muflih Hidayat for Discovery Alert on August 8. "For copper, that inflection point is now."

A January 2026 study from S&P Global, "Copper in the Age of AI: The Challenges of Electrification," shows how the electricity buildout behind artificial intelligence and is reshaping the copper market.

The study projects global electricity demand rising nearly 50% by 2040 — the equivalent of adding roughly 330 Hoover Dams' worth of capacity each year — and copper demand climbing about 50% to 42 million metric tons over the same span. Supply, by contrast, is set to peak in 2030 at 33 million tons, leaving a projected deficit of 10 million tons by 2040, or about 25% below demand, even after recycled copper scrap more than doubles.

AI and data centers are a central new driver in that math. S&P Global expects total installed data-center capacity to reach roughly 550 gigawatts by 2040 — more than five times its 2022 level — and estimates that AI/data-center demand and defense demand will each roughly triple by 2040, together adding about 4 million tons of copper consumption.

"Economic demand, grid expansion, renewable generation, AI computation, digital industries, electric vehicles and defense are scaling all at once — and supply is not on track to keep pace," said S&P Global Vice Chairman Daniel Yergin, who co-chaired the study. "At stake is whether copper remains an enabler of progress or becomes a bottleneck to growth and innovation."

Closing that gap is a slow proposition: the study notes it takes 17 years on average for a new copper mine to advance from discovery to production, and warns that without significant investment, primary supply could actually slip to 22 million tons by 2040 — a million tons below today's output. The report calls the shortfall a "systemic risk for global industries, technological advancement and economic growth," framing domestic copper development as an increasingly strategic priority.

Ownership and Share Structure²

Roughly 7% of Copper One's shares are held by insiders, less than 1% by institutions, and the rest is held in retail.

The company's market capitalization is approximately CA$14.09 million. It has 32.17 million shares outstanding and a 52-week range of CA$0.39 and CA$4.25.

Common Investor Questions

What did Copper One announce? On August 7, 2026, Copper One Resources (CSE: CEXY) began diamond drilling at its wholly owned Redonda Copper-Molybdenum Project on West Redonda Island, British Columbia — a fully funded ~2,400-meter program targeting the southern extension of a large porphyry copper-molybdenum system, with more holes possible depending on results.

What is the Redonda project? Nine mineral claims covering ~2,746 hectares in B.C.'s Vancouver Mining Division, hosting a large, underexplored porphyry copper-moly system in the Coast Suture Zone. It's been explored intermittently since the late 1960s — including nine holes (1,681 meters) drilled by Teck in 1979 — and Copper One's March 2026 NI 43-101 report guides the current campaign.

What's happening at Majuba Hill? Majuba Hill (Pershing County, Nevada) is the flagship, drilling in parallel with Redonda. Hole MHB-37B was completed to 2,513 feet (765.9 meters), with the first 1,760 feet of core sent to ALS Laboratories in Reno for analysis, as part of a planned 3,048-meter (10,000 feet) program.

When will assay results come? Results from both Redonda and Majuba Hill are pending and will be released once lab processing, review, and quality-control procedures are complete.

Why does the Majuba acquisition matter? In June 2026, Copper One agreed to buy 100% of Majuba Hill for US$1.3 million (about CA$1.8 million) in cash, which analyst James West says is roughly US$2.7 million (about CA$3.8 million) less than the original option terms. Full ownership removes earn-in requirements and gives the company more control over exploration and strategy.

How does AI factor into copper demand? AI data centers are far more copper-intensive than conventional ones — AI server clusters draw roughly 60–100 kilowatts per rack versus 5–10 kW for traditional racks — raising copper needs across busbars, transformers, cooling, wiring, and grid connections, which analysts frame as a lasting structural demand source.