As consideration, Copper Giant will issue 7,500,000 common shares of the Company at a price of $0.21 per share to the shareholders of Grupo Minera Sol. The transaction is subject to approval by the TSX Venture Exchange.
Grupo Minera Sol’s applications are contiguous with Copper Giant’s existing land package and are primarily located in the Department of Cauca (Municipality of Santa Rosa), with extensions into Putumayo and the Mocoa Municipality. The combined claims now span approximately 136,425 hectares—an increase of 64%—positioning Copper Giant as one of the largest holders of highly prospective porphyry terrain in Colombia.
Strategic Highlights:
- Land Expansion: Copper Giant’s land holdings grow from 82,951 hectares to 136,425 hectares, consolidating a dominant 75-kilometre corridor within Colombia’s Jurassic porphyry belt.
- Regional Prospectivity: The 75 km trend is supported by historical soil geochemistry and prospecting work and is geologically analogous in scale to the corridor that hosts Mirador, Warintza, and Panantza–San Carlos in Ecuador.*
- District-Scale Foundation: Combined with the district-scale potential emerging at Mocoa, the acquisition enhances Copper Giant’s ability to define multiple high-priority targets across a geologically fertile and underexplored belt.
“This acquisition strengthens our strategic footprint in one of the most prospective porphyry copper belts in the Andes. It reflects our long-term conviction in the Mocoa region, our continued investment in local partnerships, and our belief that the next generation of major copper discoveries will come from projects that can offer both scale and continuity,” commented Ian Harris, President & CEO. “Through steady groundwork and trust-based relationships, we’ve created the right conditions to consolidate this district in a responsible and collaborative way.”
*Mirador, Warintza, and Panantza–San Carlos are independent of Copper Giant and there is no guarantee of future performance of Copper Giant projects. No inference should be made regarding mineral resources or reserves based on adjacent or nearby deposits.
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