Coppernico Metals (TSX:COPR) has filed an offering document to raise C$5 million ($5.08 million) for drilling permits and community agreements at its Sombrero copper-gold project in Peru.
The company plans to issue 14,285,714 units at C$0.35 each through a listed issuer financing exemption (LIFE) offering. Each unit comprises one common share and one warrant exercisable at C$0.50 for 24 months from closing.
Proceeds will advance drill permitting and community agreements to support future exploration activities at Sombrero, plus general corporate and working capital.
Coppernico targets closing on or about 26 June 2026, subject to TSX approval, finders’ fees, and compensation warrants to eligible persons who refer investors.
Sombrero spans 57,000 hectares along Peru’s Andahuaylas-Yauri trend, featuring copper-gold skarn, porphyry, and precious metal epithermal systems across multiple targets.
The company’s NI 43-101 technical report (effective 17 April 2024) focuses on the Ccascabamba and Nioc targets, with the Tipicancha target identified subsequently.
Coppernico Metals is a Canadian mineral exploration company focused on discovering and advancing large-scale copper-gold deposits in the Americas, with its flagship 57,000-hectare Sombrero project located in southern Peru.
Write to JC Villarba at Mining.com.au
Images: Coppernico Metals
