News Summary
The December 19, 2025, year-end update from CEO Mathew Wilson confirms a transformative year for the Soo Copper Project in Ontario. Key operational milestones include the completion of 13,000 meters of drilling in 2025 (surpassing the expanded 6,000m target), the discovery of a high-grade bornite zone, and the identification of a 6km surface mineralization trend. The company has secured approximately $15 million in treasury following a major November financing. For 2026, the company is planning a minimum 20,000-meter drill program to follow up on the high-grade discovery in hole MEPS-25-02 (262.5m of 1.05% CuEq) and explore the newly identified Gimlet target area.
Material Impact
The news is material and reinforces the “Game Changer” discovery announced in September 2025.
– Technical De-risking: The appointment of Dr. Neil O’Brien (ex-Lundin Mining VP Exploration) and the confirmation of a 6km trend suggest the project is transitioning from a single-prospect play to a potential district-scale system.
– Financial Strength: Closing a $14M financing in November significantly de-risks the 2026 exploration budget. The company now has the capital to execute a 20km drill program, which is substantial for a junior explorer.
– Asset Quality: The high-grade bornite mineralization (semi-massive bornite/chalcopyrite) is rare for porphyry systems and provides the potential for higher-than-average project economics if continuity is proven.
– Comparison to Expectations: The 2025 program ended with 13,000m drilled, more than double the “expanded” guidance of 6,000m, indicating management is aggressively pursuing the discovery.
Catalysts
– Assays from the 29-hole summer-fall program: Expected to begin arriving in “coming weeks” (late Dec 2025 / Jan 2026).
– Winter Drill Program: Scheduled to commence in early February 2026.
– Metallurgical Testing: Initial results on the bornite zone to confirm the high copper tenor recovery assumptions.
– Regional Targets: Assay results from the 1,323 soil samples and follow-up on the 10km ZTEM circular anomaly.
Materiality Conclusion
The combination of a high-grade discovery, elite technical leadership, and a large, fully-funded work program makes this news highly material. The company has successfully evolved its share structure and cash position to exploit what appears to be a significant new copper-gold porphyry system.
