Proactive - Interviews for investors

Gunnison Copper CEO on $8m Nuton deal; permitting on track at Johnson Camp

Episode Summary

Gunnison Copper Corp (TSX:GCU, OTCQB:GCUMF, FRA:3XS0) CEO and President Craig Hallworth tells Proactive's Gunnion that the company will receive an $8 million non-dilutive payment from Nuton in exchange for adding approximately 3 million tons of mineralized material to the Johnson Camp Mine plan. Hallworth said the additional material will be mined and processed using Nuton's sulfide leaching technology within the existing stage two period, which ends in mid-2030, and the proceeds will be directed to the flagship Gunnison Copper project. Hallworth also addressed the decision not to proceed with 48C tax credits, saying the company cannot claim more than one federal benefit on the same asset and is focused on maximising the total value of incentives available for the Johnson Camp construction. He declined to specify which alternative programs are being pursued but directed investors to gunnisoncopper.com for updates. On permitting, Hallworth confirmed that Gunnison Copper has submitted its Mined Land Reclamation Plan amendment to the Arizona State Mine Inspector. The amendment converts the project from the predecessor company's in-situ leaching approach to an open pit, heap leach, and SXEW plant design. He said approval with no lawsuits is expected by the end of this calendar year, consistent with guidance already given. Hallworth discussed the possibility of skipping the pre-feasibility study and going directly to a full feasibility study, noting that strategic partners are consistently advising this path. He cited the project's history as a mine restart, the high proportion of measured and indicated resources, and existing permits and technical data as reasons the accelerated timeline is viable. In the base case, a final investment decision would come at around mid-2030 following a pre-feasibility study to mid-2028 and a feasibility study after that. Hallworth said the accelerated decision has not yet been made but that the permitting timeline is aligned with it if chosen. He described the Gunnison project as potentially supplying between 10 and 15 percent of total US refined copper from ore production. Read Proactive's Editorial Policy here: https://www.proactiveinvestors.co.uk/pages/editorialPolicy #GunnisonCopper #GCU #copper #mining #Arizona #criticalmineral #domesticcopper #Nuton #mininginvesting #resourcestocks`