QC Copper & Gold
Primary ticker: TSXV:QCCU, OTCQB:QCCUF
Stage of development: Development
Primary minerals: Copper
Project to promote: Opemiska Project & Thierry Project
Project location:Chapais, Quebec, & Pickle Lake, Ontario, Canada
Website: www.qccopper.com
QC Copper and Gold Inc. just announced a transformative leap by acquiring Cuprum Corp. and its 100 % owned Thierry Copper Project.
This acquisition positions the company as the largest copper developer in Eastern Canada, with ownership of nearly 5 billion pounds of copper resources. With over $7 million in cash and $9 million in working capital, QC Copper has clear plans to advance its projects. To mark this milestone, the company will rebrand as XXIX Metal Corp., symbolizing copper’s atomic number and its vision to lead the future of global copper supply.
Cash: CAD 5,400,000 Cash + ~CAD 1,400,000 in investments + ~CAD 1,100,000 in recevieables
Debt: Nil
Major shareholder:
Orecap Invest Corp
Management ownership – ~7%
Financials
Management Profile
Stephen Stewart, Managing Director & CEO
Stephen is the founder and Chairman of Ore Group, a private company focused on natural resource discovery and development. He is also the Chairman of public companies: Orecap Invest, QC Copper & Gold, American Eagle Gold, Baselode Energy, Mistango River Resources, Metal Energy, and a Director of Awale Resources.
Stephen is the Founder and Chairman of the Young Mining Professionals Scholarship Fund, the largest mining-focused charitable organization supporting mining engineering and geology education.
Stephen holds a Bachelor of Arts from the University of Western Ontario, a Master of Business Administration from the University of Toronto’s Rotman School of Management, and a Master of Science from the University of Florida.
What is your rationale for taking part in 121 Mining Investment?
What recent news would you like to highlight to investors attending?
QC Copper Announces Strategic Acquisition of Cuprum Corp – October 1, 2024
The City of Chapais and QC Copper & Gold Establish a Framework for Collaboration on Opémiska – July 24, 2024
QC Copper Presents Canada’s Highest Grade Open Pit Copper Deposit with Opemiska’s Updated Mineral Resource Estimate – January 8, 2024
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
For Opemiska, QC Copper will focus on growth drilling to expand resources beyond the current pit, including exploration at Cooke, Robitaille, and Roger.
For Thierry, the priority will be on data compilation to better understand the deposit’s full potential and guide future exploration and development activities.
6 Months:
For Opemiska, QC Copper will continue building strong relationships with key stakeholders, including local communities, the provincial government, and strategic partners.
For Thierry, the focus will be on advancing the K1 Zone Drill Program while also drill-testing the G & J zones.
12 Months:
For Opemiska, the focus over the next 12 months will be on defining the economics and engineering of the open pit to deliver a high-quality feasibility study. This process will also assess the economic and environmental impacts on the Town of Chapais, ensuring that local considerations are taken into account.
For Thierry, efforts will center on updating the Thierry Resource Model and conducting metallurgical studies. Additionally, a preliminary economic assessment will be completed within the next 12-plus months to evaluate the project’s financial viability and guide future development decisions.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Copper price volatility: The project’s success is closely tied to fluctuations in copper prices.
Social License: Due to the mine’s proximity to the town, maintaining positive relations with the community is essential. Currently, relations are favorable, with a collaboration agreement signed in July 2024.
Inflationary risks: QC Copper and its advisors have used best efforts to estimate any required operating or capital expenses for its stage. However, recent volatile inflationary forces make it difficult to accurately predict future costs.
Trade-off Studies for Development: All open-pit operations face development challenges, particularly in brownfields with stopes, drifts, and proximity to Chapais. QC Copper is prioritizing thorough assessments and collaboration with communities and engineers to find optimal solutions for future studies.
What do you think makes your company such a compelling investment?
High-Grade Deposit: The Opemiska project is Canada’s highest-grade open-pit copper deposit.
Thierry Project: The Thierry Project is Ontario’s largest primary copper resource
Copper: Combined 4.8 billion lbs. CuEq between Thierry and Opemiska with significant growth potential.
Attractive Valuation: The company’s stock is currently near its lows, making it a compelling entry point for investors.
Growing Demand: With increasing global demand for copper, Opemiska is well-positioned to revitalize Canada’s eastern copper camp, suggesting strong long-term potential. Copper price is up 82% since 2020. Long term fundamentals remain solid.
Supply gap: not enough mines and new discoveries to feed demand.
Geopolitics: >85% of world’s copper production at risk due to geopolitics. Canada is the safest jurisdiction to build a copper mine
What are the top 3 key investor takeaways?
Significant Copper Resource: QC Copper holds 4.8 billion pounds of copper equivalent (CuEq) across its Thierry and Opemiska Projects.
Prime Location in Quebec & Ontario: The Opemiska project is located in Quebec, a region supported by the Plan Nord initiative, making it one of the most mining-friendly jurisdictions globally. Additionally, the Thierry project is situated in a historic mining camp, offering access to rail, power, and excellent infrastructure.
Strong Copper Demand: The global demand for copper is on the rise, creating a supply gap that positions the company’s projects as vital players in fulfilling future copper needs.