Gunnison Copper’s (TSX:GCU) Johnson Camp Mine is now producing and selling copper in Arizona, following submitting its certification documentation to the US Department of Energy for the Section 48C Advanced Energy Project Tax Credit.
The submission confirms that the project has met the requirements outlined in the company’s 48C application, including placing the eligible assets into service and beginning production in 2025.
CEO Craig Hallworth says this submission is consistent with the vision to fuel US security and prosperity through a resilient domestic copper supply.
“We are deeply grateful to the Department of Energy for supporting our project and believe certification proves our ability to successfully deliver on our commitments to the US Government,” Hallworth says.
The Section 48C Advanced Energy Project Tax Credit program was established to support investments in domestic manufacturing, critical minerals production, and advanced energy projects that strengthen US supply chains and enhance energy security.
Gunnison Copper and Nuton were selected to receive US$13.9 million ($20.04 million) in tax credits under the program, with the certification submission representing a step toward the sale and monetisation of the certified credits.
The Johnson Camp Mine achieved first production in 2025 and is currently producing copper cathode from run-of-mine oxide material and Nuton bioleaching technology of sulphide material.
Building on the Johnson Camp Mine, Gunnison Copper is developing its namesake project, which has potential to become a significant source of domestic copper production in the US.
Gunnison Copper is a multi-asset pure-play copper developer and producer.
Write to Aaliyah Rogan at Mining.com.au
Images: Gunnison Copper
