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About Copper Fox Metals Inc. (CPFXF)
Copper Fox Metals Inc. (OTCQX: CPFXF) is a Tier 1 Canadian resource company specializing in the exploration and development of copper-focused mineral projects across North America. With a diversified portfolio of assets in both Canada and the United States, Copper Fox is strategically positioned in two of the world's most prolific mining jurisdictions—British Columbia and Arizona. The company operates through its wholly owned subsidiaries, Northern Fox Copper Inc. and Desert Fox Copper Inc., and is committed to advancing Tier 1 copper projects that contribute to meeting the growing global demand for critical metals.
Core Assets and Project Portfolio
Copper Fox's principal assets include:
- Schaft Creek Project (British Columbia): A joint venture with Teck Resources Limited, where Copper Fox holds a 25% interest. Schaft Creek is one of North America's largest undeveloped porphyry copper deposits, containing significant by-products of gold, molybdenum, and silver. The project is advancing key technical studies and environmental baseline data collection to progress toward a prefeasibility study.
- Van Dyke Project (Arizona): A 100% owned in-situ copper recovery (ISCR) project located in the Globe-Miami Mining District. This environmentally forward project focuses on leveraging advanced hydrogeological modeling to transition toward a preliminary feasibility study.
- Mineral Mountain and Sombrero Butte (Arizona): Exploration-stage porphyry copper projects with compelling geological and geophysical signatures, strategically situated near major copper-producing regions.
- Eaglehead Project (British Columbia): A 100% owned polymetallic porphyry copper system located in the Liard Mining District. The project spans six mineralized zones within a large mineralized corridor and has demonstrated significant exploration potential.
Business Model and Strategic Focus
Copper Fox generates value by advancing its projects through exploration, resource definition, and joint venture partnerships. The company's business model emphasizes de-risking its portfolio through strategic technical studies, environmental assessments, and collaborative partnerships, such as its long-standing relationship with Teck Resources. By focusing on Tier 1 assets, Copper Fox aligns itself with the growing demand for copper—a critical metal in renewable energy, electric vehicles, and infrastructure development.
Industry Context and Competitive Position
Copper Fox operates in the mining and metals industry, specifically targeting porphyry copper systems known for their large-scale, low-cost production potential. Its projects are located in geopolitically stable regions with established mining infrastructure, enhancing their development viability. The company's competitive edge lies in its diversified asset base, technical expertise, and partnerships with industry leaders like Teck Resources. These factors position Copper Fox as a significant player in the copper exploration sector, contributing to the global supply of this essential resource.
Commitment to Environmental Stewardship
Environmental sustainability is a cornerstone of Copper Fox's operations. The company employs advanced exploration techniques to minimize surface disturbance and integrates environmental considerations into its project planning. Initiatives such as in-situ copper recovery at Van Dyke and comprehensive environmental assessments at Mineral Mountain underscore its commitment to responsible mining practices.
Challenges and Opportunities
Like many in the mining sector, Copper Fox faces challenges including permitting, environmental regulations, and commodity price volatility. However, its strategic focus on Tier 1 projects, strong partnerships, and commitment to technical excellence position it to capitalize on the increasing global demand for copper, driven by electrification and renewable energy trends.
Conclusion
Copper Fox Metals Inc. represents a compelling opportunity in the copper exploration and development space. With a robust portfolio of high-potential assets, strategic partnerships, and a focus on sustainable practices, the company is well-positioned to contribute to the global copper supply chain and create long-term value for its stakeholders.
Copper Fox Metals (TSXV: CUU) (OTCQX: CPFXF) has successfully closed its non-brokered private placement, raising $1.5 million through the issuance of 7,317,074 units at $0.205 per unit. Each unit includes one common share and half a warrant.
The warrants feature a two-tier exercise price structure: $0.25 for the first 12 months and $0.30 for the subsequent 12 months. The company maintains acceleration rights if share prices exceed certain thresholds. The proceeds will fund exploration and development activities across Copper Fox's wholly-owned projects: Van Dyke, Eaglehead, Mineral Mountain, and Sombrero Butte.
Notable insider participation included director Ernesto Echavarria, who purchased 4,390,244 units, representing a significant portion of the offering. The securities issued are subject to a four-month plus one-day hold period.
Copper Fox Metals (TSXV: CUU) (OTCQX: CPFXF) has announced results from recent geophysical surveys at its Sombrero Butte project, located 3 kilometers south of the Copper Creek porphyry copper deposit. The surveys revealed a significant north-northwest trending body of anomalous chargeability extending from surface to depths over 800 meters.
The chargeability anomaly shows strong correlation with a zone of moderate to intense limonite alteration within the Laramide age Glory Hole volcanics. At 200m depth, the anomaly measures approximately 3,200m long by 1,300m wide, while at 450m depth it measures 1,900m long by 1,100m wide. At 800m depth, the anomaly splits into two smaller 'root zones'.
The 3D SWATH DCIP & MT survey, completed by Quantec Geoscience USA, covered the entire Laramide age Copper Creek granodiorite and Glory Hole volcanics area. The MT survey measured resistivity to depths exceeding 2,000m, showing good correlation with the shallower chargeability data. These findings suggest potential for a significant porphyry copper system underlying the project.
Copper Fox Metals (CPFXF) has released its 2024 year-end financial results, reporting a net loss of $607,303, an improvement from the $1,114,512 loss in 2023. The company invested $1,312,475 in developing its copper projects, including Schaft Creek and Van Dyke. Teck Resources, as operator of the Schaft Creek Joint Venture, reported expenditures of C$24.7 million in 2024, exceeding the planned C$18.7 million budget.
The company achieved significant progress in advancing the Van Dyke in-situ copper recovery project and upgraded the porphyry potential of the Sombrero Butte project. Teck has surpassed the $60 million Pre-Production Costs threshold, with two $20 million Milestone Payments remaining to Copper Fox. The company's cash position as of October 31, 2024, was $785,184, down from $1,368,852 in the previous year.
Copper Fox Metals (CPFXF) has announced its 2025 program for the Schaft Creek porphyry copper-gold-molybdenum-silver project in British Columbia. The project, operated by Teck Resources (75% interest) with Copper Fox holding 25%, has reached a significant milestone with Pre-Production Costs exceeding C$60 million.
The 2025 program, budgeted at C$15.8 million, aims to transition the project from Scoping to Preliminary Feasibility Study (PFS) stage. Key components include technical model reviews, completion of geometallurgical programs, geotechnical slope stability studies, and infrastructure site trade-off studies.
Field activities will commence in June 2025, featuring diamond and sonic drilling to assess proposed tailings and rock storage facilities. The program also encompasses environmental baseline data collection, archaeological investigations, and continued collaboration with the Tahltan Nation on cultural initiatives.
Copper Fox Metals has announced analytical results from six geotechnical drillholes completed at the Schaft Creek project in 2024, where they hold a 25% interest (Teck Resources holds 75%). The project, located in northwestern British Columbia, is one of North America's largest undeveloped porphyry copper deposits.
Three of the six geotechnical drillholes intersected significant mineralization, with notable results including:
- DDH SCK-24-471: 134.60m averaging 0.338% copper, 0.037% molybdenum
- DDH SCK-24-472: 208.64m averaging 0.253% copper, 0.014% molybdenum
- DDH SCK-24-476: 202.60m averaging 0.324% copper, 0.023% molybdenum
The drilling program was part of a C$18.9 million budget approved by the Schaft Creek Joint Venture for 2024, aimed at collecting geotechnical, metallurgical, engineering, and environmental data.
Copper Fox Metals has announced preliminary results from their recent geophysical surveys at the Sombrero Butte porphyry copper project. The surveys identified significant anomalous chargeability across seven survey lines, covering an area approximately 2,400 meters east-west and varying from 500m to 2,500m north-south.
The findings show anomalous chargeability (>20 mrads) with varying resistivity patterns across the project area. The eastern section shows high chargeability with low-moderate resistivity in the upper 200m, while the central portion reveals anomalous chargeability over widths ranging from 750m to 1,000m at surface, expanding to 2,000-2,400m at depth. The western section shows anomalous chargeability at approximately 400m depth.
These preliminary results correlate with previously identified limonite alteration zones in Glory Hole Volcanics, suggesting the presence of a large porphyry copper system. The depth of exploration is estimated at approximately 800m.
Copper Fox Metals has completed a seven-line geophysical survey at its Sombrero Butte copper project, located 2km south of the Copper Creek porphyry copper deposit. The 2024 exploration program includes mapping, sampling, petrographic studies, and geochemistry analysis. Age dating of samples from the Copper Creek intrusive yielded ages of 63.078 Ma and 62.971 Ma, confirming its Laramide age. The Holy Joe fault, a significant structural element, has been extrapolated onto the project area. A large zone of limonite staining and quartz-sericite-limonite veining was identified in the hanging wall of this fault, potentially representing a pyrite shell of a porphyry copper system.
Copper Fox Metals provides an update on the permitting process for its drilling program at the Mineral Mountain porphyry copper project in Arizona. The company completed a biological evaluation (BE) as part of the Environmental Assessment (EA) required by the Bureau of Land Management. The BE covered 447 acres and identified eight ESA listed species, with only the monarch butterfly and acuña cactus potentially present in the project area. A species-specific survey covering 89 acres found no acuña cactus in the planned disturbance area. SWCA Environmental Consultants concluded the drilling program 'may affect but is not likely to adversely affect' the acuña cactus and its critical habitat.
Copper Fox Metals Inc. (OTCQX: CPFXF) and its subsidiary, Desert Fox Sombrero Butte Co., have retained Quantec Geosciences USA Inc. to conduct a comprehensive geophysical survey on the Sombrero Butte project in Arizona.
The survey will utilize the ORION 3D SWATH DCIP and MT configuration, covering approximately 21.9 km with seven N-S oriented lines. The project aims to provide high-resolution resistivity and chargeability imaging of two porphyry copper targets within the Sombrero Butte project. The DCIP survey will utilize a Pole-Dipole-Dipole array configuration with 400m line spacing, while the MT survey will employ a 12-hour continuous sampling period.
The survey, estimated to cost around $300,000, will commence mid-October, pending results from Phase I. Approvals for the Plan of Operations have been received from the Arizona State Land Department and the Bureau of Land Management.
Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) has announced an update on its 100% owned Van Dyke in-situ copper recovery (ISCR) project in Arizona. The company has retained Stantec Consulting Services Inc. to conduct a strategic review and hydrology characterization of the project. The program aims to:
1. Complete a technical review and analysis of existing hydrogeological data
2. Prepare a Conceptual Site Model (CSM)
3. Establish hydrogeological and groundwater data collection requirements compliant with Federal and State regulations
This work is important for updating the hydrogeological model of the Van Dyke project, which is a critical step in advancing it to the preliminary feasibility study (PFS) stage. The program will review three public databases and historical hydrogeological models, utilizing baseline groundwater data from the established piezometer network.
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