C3 Metals Inc.
Stock Exchange: TSX / TSX.V
Promotional Strapline: Poised for Discovery
Primary Ticker: TSXV:CCCM, OTCQB:CUAUF
Stage of Development: Exploration
Primary Minerals: Copper, Gold
Country / Region: Canada
Market Cap $94M
Project Locations: Peru, Jamaica
Website: C3 Metals Inc.
Company Profile:
C3 Metals Inc. is a mineral exploration company focused on creating substantive value for its shareholders through the discovery and development of large copper and gold deposits. The Company holds approximately 31,000 hectares located in the prolific high-grade Andahuaylas-Yauri Porphyry-Skarn belt of Southern Peru, which contain the Company’s Jasperoide and Khaleesi projects. Mineralization at Jasperoide is hosted in a similar geological setting to the nearby major mining operations at Las Bambas (MMG), Constancia (Hudbay) and Antapaccay (Glencore). At Jasperoide, the Company has identified over 13 skarn prospects and an outcropping porphyry system over two parallel 28km belts. The Company has published a maiden resource estimate on the first of these skarn targets, which contained Measured & Indicated Resources of 52Mt at 0.5% copper and 0.2 g/t gold1. The Company is also actively exploring in Jamaica where it has identified 16 porphyry, 40 epithermal and multiple volcanic redbed copper prospects over a 30km strike extent. The Company holds a 100% interest in 17,855 hectares of exploration licenses, of which Freeport-McMoRan Exploration Corporation, a wholly-owned affiliate of Freeport-McMoRan Inc. (NYSE: FCX), has the option on 13,020 hectares to earn up to a 75% interest by funding up to US$75 million of exploration and project related expenditures. The Company also holds a 50% interest in 9,870 hectares in a joint venture with Geophsyx Jamaica Ltd, the largest mineral tenure holder in the country. Barrick Mining Corp. announced on May 1, 2024 that it had entered into an earn-in agreement with Geophysx Jamaica Ltd. on approximately 400,000 hectares of exploration licenses, several of which surround C3 Metals’ mineral concessions. Mining is currently the second largest industry in Jamaica, and historical mining dates back to the colonial eras of the 1500s (Spanish) and 1800s (British).
Management Profile:
Dan Symons brings over 20 years of mining industry related experience in business development, corporate development and investor relations with a number of highly successful junior-mid tier growth companies. Mr. Symons joined C3 Metals as President, CEO & Director in September 2022. Prior to, he was a member of the Argonaut Gold executive team where he held the position of Vice President- Corporate Development and Investor Relations. Prior to this he was a key member of the Romarco Minerals Inc. executive management team in the role of Vice President, Business Development and Investor Relations. Mr. Symons has been actively involved in multiple M&A transactions totalling over $950 million and equity and debt financings totalling over $650 million and $500 million, respectively. Mr. Symons commenced his career with Renmark Financial Communications, a leading North American IR firm. Mr. Symons holds an Honours B.A. from Concordia University in Montreal.
What are your key goals for the next 3 months?:
Exploration success through the drill bit, as we have three projects with drill rigs active concurrently.
What are your key goals for the next 6 months?:
To be making a decision to move towards resource delineation drilling.
What are your key goals for the next 12 months?:
Potential mineral resource update.
What do you think makes your company such a compelling investment?:
We have a diversified project portfolio with three active projects: two in Jamaica and one in Peru. Freeport McMoRan is funding the largest copper/gold project up to US$75 million through an earn-in, we have partnered with the largest mineral tenure holder in Jamaica on an epithermal gold project at and around a past producing mine, and we hold 310 sq km of highly prospective copper/gold mineral concession in southern Peru where we are actively exploring near the large Las Bambas and Constancia mines. We have approximately 70% of our shares held by institutional/strategic investors.
