ARIZONA SONORAN COPPER CO - ASCUF STOCK NEWS

Arizona Sonoran Copper Company (ASCUF) reports new drilling results from its Parks/Salyer (P/S) exploration project, revealing extended mineralization by 1,000 ft onto the Bronco Creek land. The 14-hole program found significant grades, including ECP-084 with 531.4 ft at 1.10% total copper (TCu). A maiden inferred resource estimate is expected in Q4 2022. Assays for four holes are pending. This drilling activity is part of a broader strategy to enhance the multi-billion-pound Cactus copper project.

Arizona Sonoran Copper Company (ASCUF) has announced results from 7 additional drill holes from its Cactus East project, emphasizing the generation of measured mineral resources. The drilling program, now halfway complete, covers 60,000 ft and shows consistent high-grade copper intercepts. Notable results include ECE-072 with 270.4 ft at 1.77% TCu and ECE-069 with 247.0 ft at 1.73% TCu. Future drilling will focus on expanding resources at both Cactus East and Parks/Salyer. The CEO noted the results support an underground mining scenario and are critical for the upcoming PFS.

Arizona Sonoran Copper Company (ASCU) has entered a one-year exclusivity period with Nuton™, a venture by Rio Tinto, following successful metallurgical modeling of ore samples from the Cactus and Parks/Salyer projects, achieving copper recoveries exceeding 72%. The ongoing testing will explore heap-leach technology on primary sulphide ores. The Cactus Project has indicated resources of 77.9 million tons at 0.35% CuT, while Parks/Salyer has potential resources of 8-35 million tons at 0.85-1.05% TCu, enhancing ASCU's prospects for becoming a mid-tier copper producer.

Arizona Sonoran Copper Company (TSX:ASCU | OTCQX:ASCUF) has successfully closed a private placement of 17.5 million Common Shares at C$2.00 each, raising C$35 million. This funding will support drilling, project work at the Cactus Mine, and general corporate purposes. The Company has entered a strategic collaboration with Rio Tinto to enhance copper recovery through Nuton™ technologies. Post-offering, Rio Tinto holds 7.2% of ASCU's shares, while Tembo Capital's stake decreased from 37.6% to 34.6%. The transaction awaits TSX approval.

Arizona Sonoran Copper Company (TSX:ASCU | OTCQX:ASCUF) has announced receiving Depository Trust Company (DTC) eligibility, facilitating electronic clearing of its shares in the USA. This eligibility aims to enhance trading simplicity, increase liquidity, and reduce costs for investors. With DTC eligibility, ASCU shares can access a broader range of brokerage firms, which is expected to improve the company's visibility in the market. ASCU continues to focus on developing its Cactus Project, situated in Arizona, with an objective to become a mid-tier copper producer.

Arizona Sonoran Copper Company (ASCUF) announced the completion of its Cactus Prefeasibility Study (PFS) infill drilling program, comprising 25 drill holes over 30,926 ft (9,426 m). This program aims to upgrade Inferred mineral resources to Indicated resources within the PEA mine plan. Results showed improved lithological and mineral zonation controls, with notable drilling highlights including intervals of enriched and oxide mineralization. A feasibility-level drilling program is now underway, with expectations of converting considerable leachable copper to probable reserves, leading towards a Bankable Feasibility Study.

Arizona Sonoran Copper Company (TSX:ASCU | OTCQX:ASCUF) has announced an increase in its non-brokered private placement due to strong investor demand. The private placement has been upsized by 2,268,084 Common Shares, raising total gross proceeds to C$35 million. A total of 17,500,000 Common Shares will be issued at C$2.00 each. Notable investors include Rio Tinto and Tembo Capital. Proceeds will fund the Cactus Mine Project and support the company's financial health.

Arizona Sonoran Copper Company (TSX: ASCU | OTCQX: ASCUF) has announced a strategic partnership with Rio Tinto to enhance copper recovery using Rio Tinto's Nuton™ technologies. The partnership includes a non-brokered private placement aimed at raising up to C$30.5 million. Rio Tinto will subscribe for 6.4 million shares, making it a significant shareholder with 7.4% ownership. The funding will support drilling and project work at the Cactus Mine Project. This collaboration aims to increase copper production and improve environmental performance.

Arizona Sonoran Copper Company (ASCUF) announced significant drill results from its Parks/Salyer Project, extending mineralization by 500 ft to the west. The latest assays show notable copper and molybdenum grades, including ECP-057 with 199.4 ft at 0.86% CuT and ECP-065 with 439.7 ft at 0.92% CuT. The drilling program aims to expand the known mineral resource, indicating a promising opportunity for scalable underground operations. The ongoing exploration targets 40-90 million tons of leachable material containing substantial copper.