Copper Giant raising $5.0 million for Colombia polymetallic project

Copper Giant Resources Corp. [CGNT-TSXV] has announced details of a public offering of units that is expected to generate gross proceeds of up to $5.0 million. Net proceeds will be used for exploration and advancement of the company’s Mocoa copper-molybdenum project in southern Colombia.

The company said the public offering will consist of up to 17.8 million units priced at 28 cents per unit. Each unit will consist of one common share and one common share purchase warrant, each of which will entitle the holder to purchase one common share for 40 cents at any time on or before a date that is 36 months after closing, which is expected to occur on November 10, 2025.

The company has granted the agents an option to sell a number of additional units equal to or up to 15% of the number of units sold in the marketed offering on the same terms to cover over-allotments, if any. That option can be exercised, in whole or in part, at any time for up to 30 days after and including the closing date.

Copper Giant moved lower Friday, easing 5.2% or $0.015 to 27.5 cents. The shares trade in a 52-week range of 50 cents and 14.5 cents.

Copper Giant is an America’s-focused exploration company with a collection of porphyry copper deposits located in British Columbia, Argentina and Colombia.

With backing from financier Frank Giustra’s Fiore Group, Copper Giant is developing the Mocoa copper-molybdenum porphyry deposit, which is located 10 kilometres from the town of Mocoa. The company’s district scale holdings cover 1,000 square kilometres, an area that is 290 times bigger than New York’s Central Park. Company documents say Giustra holds an 11% stake in the company.

The Mocoa project has an established resource of 4.6 billion pounds of copper and 511 million pounds of molybdenum.  The company has said it sees the potential to “double – almost triple” – the existing resource at its Mocoa copper-molybdenum porphyry project.

In a press release on October 15, 2025, Copper Giant said drilling has extended the porphyry-related high-grade core at Mocoa, intercepting 666- metres of 0.46% copper, and 0.04% molybdenum, 294 metres of 0.54% copper and 0.03% molybdenum within 816 metres of 0.38% copper and 0.03% molybdenum from surface. Two drill rigs continue to operate as part of Copper Giant’s 14,000-metre resource expansion program.

In a subsequent news release on October 22, 2025, the company said it has hired Apex Geoscience Ltd. to prepare a new mineral resource estimate for Mocoa.

In accordance with the requirements of National Instrument 43-101 standards of disclosure for mineral projects, Copper Giant has established the exploration target for the Mocoa Project. The target ranges from approximately 977 to 1,247 million tonnes of mineralized material, grading between 0.31%  and 0.38% copper and 0.039% molybdenum. The company said these figures are conceptual in nature and based on limited drilling and geological modeling.