Camino Minerals Corporation
Primary tickers: TSXV:COR
Stage of development: Development
Primary mineral: Copper
Project to promote: Puquios, Los Chapitos
Project location: Chile, Peru
Website: www.caminocorp.com
Corporate presentation: Click here
Camino has recently purchased the permitted “shovel ready” Puquios copper mine in Chile to develop with partners Nittetsu Mining and Denham Capital. Camino also has advanced copper exploration in Peru with Nittetsu earning 35% interest. Rio Tinto has staked next to our Los Chapitos asset in Peru. Our strategy is focussed on building the Puquios copper mine.
Cash: CAD$1M
Debt: NIL
Major shareholders:
Denham Capital – 45%
Management – 7%
Delbrook Capital – 6%
Retail – 42%
Financials
Management Profile
Jay Chmelauskas, CEO
Jay has a good track record of identifying production quality assets as former CEO of Jinshan Gold Mines (China Gold > $3B) and Western Lithium (Lithium Americas > $1B). Jay has worked closely in the past with the Robert Friedland’s Ivanhoe Mines group.
What is your rationale for taking part in 121 Mining Investment?
Camino expects a re-rating and new production valuation as we build our permitted Puquios copper mine in Chile, and continue exploration at Los Chapitos in Peru with partners Nittetsu Mining and Denham Capital
What recent news would you like to highlight to investors attending?
April 17, 2025 – Camino closed the acquisition of its permitted Puquios copper mine with partners Nittetsu Mining and Denham Capital
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Debt financing for Puquios copper mine in Chile and exploration in Peru
6 Months:
Debt and equity finance for Puquios copper mine in Chile and copper exploration drilling at Los Chapitos in Peru
12 Months:
Final investment decision for Puquios copper mine in Chile and commencement of construction. Additional exploration drilling at Los Chapitos in Peru.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
The capital estimate for Puquios at $142M has very competitive capital intensity $16,000 per tonne and IRR of 23%. Nittetsu contributes 50% of capital, thus a debt facility with a Japanese bank and project equity are the next milestones for Camino.
What do you think makes your company such a compelling investment?
Camino has scarcity value with a permitted development copper mine and capital requirement that does not require strategic investor (beyond Nittetsu Mining). We can manage our destiny. Market has not recognized deep value of our copper assets because they came from private equity and are unknown.
What are the top 3 key investor takeaways?
1. “Shovel ready” copper assets at very deep discount
2. Credible execution plan with Nittetsu Mining
3. Good upside on production and exploration.