BC Copper Explorer Starts 2,400m Redonda Drill Program

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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 demand is rising sharply due to artificial intelligence data centers, grid expansion, and electrification needs, creating a compelling backdrop for explorers with active drill programs. 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.

Key Investor Takeaways

• Copper One has launched a fully funded 2,400-meter diamond drill program at the Redonda copper-molybdenum project in British Columbia, targeting the southern extension of a known porphyry system.
• The company is running parallel drilling at its flagship Majuba Hill Copper-Silver-Gold Project in Nevada, with assays pending from both programs.
• Redonda covers 2746 hectares and builds on historical work by Teck Resources that identified open copper-molybdenum zones along strike and at depth.
• Copper One secured 100 percent ownership of Majuba Hill for US$1.3 million, well below the original option terms, eliminating earn-in requirements.
• Global copper supply faces a projected 10-million-tonne deficit by 2040, according to S&P Global, driven by AI data centers and electrification demand.
• Insiders hold roughly 7 percent of shares while the company maintains a market capitalization of CA$14 million.²

Why Copper Stands Out in 2026 Markets

Global electricity demand is expected to rise nearly 50 percent by 2040, pushing copper demand toward 42 million metric tons while supply peaks near 33 million tons, creating a 10-million-ton shortfall. AI data centers alone are forecast to more than double copper consumption by 2040, growing roughly 127 percent, because each rack draws 60 to 100 kilowatts versus 5 to 10 kilowatts in conventional facilities. This structural gap favors companies actively drilling high-quality North American copper assets.

Copper One Differentiates With Two Active Programs

Copper One stands out by advancing drilling at two separate copper projects simultaneously within a broader North American portfolio. The Redonda program tests the southern continuation of a porphyry copper-molybdenum system within the Coast Suture Zone, while the Majuba Hill program in Nevada explores extensions of a large copper-silver-gold mineralized system. This dual-track approach can generate a steady flow of results for investors.

Redonda Project Details and 2026 Campaign

Redonda covers nine mineral claims totaling approximately 2746 hectares on West Redonda Island in British Columbia's Vancouver Mining Division. The property hosts a large underexplored porphyry copper-molybdenum system. Historical exploration since the late 1960s included mapping, sampling, geophysics, trenching, and nine NQ diamond holes totaling 1681 meters completed by Teck Resources in 1979. According to a release on August 7, the current program will test the southern extension, refine geometry and continuity, and potentially extend the recognized strike length beyond one kilometer. Four initial drill sites have been prepared, and Paradigm Drilling Ltd. is using a Boyles T-75 track-mounted rig capable of depths beyond 600 meters.

Majuba Hill Advances in Parallel

The company's flagship Majuba Hill Copper-Silver-Gold Project in Pershing County, Nevada, is also advancing. Hole MHB-37B reached a total depth of 765.9 meters, with core from the first 536 meters submitted. Full ownership of Majuba Hill was secured in June 2026 for US$1.3 million in cash, approximately US$2.7 million below the original option framework, removing earn-in obligations and giving Copper One full strategic control.

Perspectives and Market Context

James West highlighted growing institutional attention after the financing announcement and noted a high-grade sample returning 10.5 percent copper and 188 grams per tonne silver from underground breccia mapping. According to James West of the Midas Letter Substack, on July 11, copper responds directly to supply fundamentals rather than futures-market speculation.

¹In a detailed analysis published by Streetwise Reports on February 11, John Newell examined Giant Mining Corp.'s (the former name of Copper One) technical progress and issued a Speculative Buy recommendation, noting consolidation followed by a move above a declining trendline.

Financing and Share Structure²

Copper One amended terms for its non-brokered special warrant offering, reducing the price to CA$0.40 per warrant for maximum gross proceeds of CA$7.8 million. The underlying warrant exercise price was lowered to CA$0.50 per share. Roughly 7 percent of shares are held by insiders, less than 1 percent by institutions, and the balance by retail investors. Market capitalization stands near CA$14.09 million with 32.17 million shares outstanding and a 52-week range of CA$0.39 to CA$4.25.

Common Questions from Investors

What did Copper One announce? On August 7 2026, the company began a fully funded 2,400-meter diamond drill program at its Redonda copper-molybdenum project, targeting the southern extension of the porphyry system.

What is the scale of the Redonda property? The project comprises nine claims covering 2746 hectares in British Columbia and has seen intermittent exploration since the late 1960s, including drilling by Teck in 1979.

How does Majuba Hill compare? Majuba Hill in Nevada is the flagship asset where parallel drilling continues with hole MHB-37B completed to 765.9 meters and core submitted for assay.

When will the results be available? Assay results from both Redonda and Majuba Hill programs will be released after laboratory processing review and quality-control procedures are complete.

Why does full ownership of Majuba Hill matter? In June 2026, Copper One agreed to buy 100 percent of Majuba Hill for US$1.3 million (about CA$1.8 million) in cash, which is roughly US$2.7 million (about CA$3.8 million) less than the original option terms. Full ownership removes earn-in requirements.

Copper One is executing a disciplined dual-project strategy at a time when structural copper deficits are widening. Retail investors can monitor upcoming assay results from both British Columbia and Nevada to assess the scale of mineralization and the company's progress toward potential resource definition.

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