C3 Metals

Primary Ticker: TSXV:CCCM, OTCQB:CUAUF
Stage of Development: Exploration
Primary Minerals: Copper, Gold
Country / Region: Peru
Market Cap 104M
Website: C3 Metals
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. 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 15 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 gold . 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
PRESIDENT & CEO
Dan Symons brings 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 joins C3 Metals from Argonaut Gold where he most recently 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 is your rationale for taking part in 121 Mining Investment?
To meet investors and gain exposure for our story. We recently completed a private placement equity financing, are well funded to execute on our business plan, and are looking to enhance visibility amongst the investment community of the value and growth opportunity our company's stock provides.
Our goal is to effectively communicate the potential of our asset portfolio and our corporate strategy to unlock maximum value for shareholders.
What recent news would you like to highlight to investors attending?
11 February - C3 Metals and Freeport Execute Earn-in Agreement for Up to US$75 Million on Bellas Gate Project, Jamaica
19 March - C3 Metals Closing of $11,500,000 Bought Deal Private Placement
18 August - C3 Metals Obtains All Regulatory Approvals Required for Maiden Drill Program at Khaleesi Copper-Gold Project, Peru
What are your key goals for the next 3, 6 and 12 months?
3 Months
To have investors understand the C3 Metals' asset portfolio opportunities and our vision and strategy to unlocking maximum potential for shareholders.
6 Months
Drill results from three seperate projects
12 Months
Decision points on various exploration assets within the portfolio based on data from active drill programs.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
We have a large institutional investor component to our shareholder base and have proven we can fund our exploration programs with this base. We now need to expand our investor outreach to gain better stock liquidity by attracting retail investors.
What do you think makes your company such a compelling investment?
Diversification with district-scale land positions is two jurisdictions: Jamaica and Peru. With three active drill programs on three projects, of which all is permitted and fully funded, should yield continuous news flow from the drill bit for several months.
What are the top 3 key investor takeaways?
Our current NI 43-101 mineral resource should provide a floor for value, while over the next 12 months, the prospect to quickly gain momentum through a new, meaningful copper-gold discovery is high. Strong technical team and board with long of history of success.