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C3 Metals Inc (2)
Symbol CCCM
Shares Issued 99,884,801
Close 2026-01-12 C$ 1.41
Market Cap C$ 140,837,569
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C3 Metals restarts exploration activities in Jamaica

2026-01-12 16:47 ET - News Release

Mr. Dan Symons reports

C3 METALS RESTARTS FULL EXPLORATION ACTIVITIES IN JAMAICA FOLLOWING COMMUNITY ASSISTANCE PROGRAMS AFTER HURRICANE MELISSA

Project infrastructure has been restored following Hurricane Melissa making landfall over Jamaica on Oct. 28, 2025, and C3 Metals Inc.'s full exploration activities have recommenced.

Super Block project

At the company's 50-per-cent-owned Super Block project the phase one scout drilling program comprising a 14-hole 2,500-metre program is approximately 50 per cent complete (see press release dated June 3, 2025). To date, seven of the 14 holes of the program have been completed. Drilling has recommenced.

Bellas Gate project

At its 100-per-cent-owned Bellas Gate project, where Freeport-McMoRan Exploration Corp. is currently funding exploration and project-related costs as part of a previously announced earn-in agreement (see press release dated Feb. 11, 2025), the company has resumed exploration drilling with its company-owned, man-portable drill rig. The company has also resumed a 70-square-kilometre 3-D IP geophysical survey of which approximately 46 square km has been completed to date (see press release dated Oct. 6, 2025).

Community assistance programs

Concurrent with restoring project infrastructure, the company embarked on a much-needed community assistance program following the devastation brought by Hurricane Melissa.

The company's community assistance program included:

  • The delivery of food, water and basic necessity care packages;
  • Road repairs and clearing to reconnect communities;
  • Providing roofing and housing materials to rebuild damaged homes and community buildings.

In total, C3 Metals assisted approximately 500 families across three communities concurrent with restoring project infrastructure necessary to restart exploration activities.

Dan Symons, president and chief executive officer, commented: "The safety of our work force is our No. 1 priority. We ceased exploration activities a few days in advance of Hurricane Melissa making landfall to make necessary preparations and take precautions to keep our people and equipment safe. Hurricane Melissa was a devastating storm that severely impacted a large portion of Jamaica. At C3 Metals, we believe it is important to come together as a community during difficult times by ensuring our neighbours had access to food, water and basic necessities, and assisting in rebuilding homes and critical infrastructure. I am very pleased with how quickly our team was able to formulate and execute a much-needed community assistance program for those most in need closest to our project areas. I am also very happy to report that we have now restored all necessary project infrastructure and have restarted full exploration activities at both the Super Block and Bellas Gate projects in Jamaica."

About C3 Metals Inc.

C3 Metals 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 28-kilometre belts. The company has published a maiden resource estimate on the first of these skarn targets, which contained measured and indicated resources of 52 Mt (million tonnes) at 0.5 per cent copper and 0.2 gram per tonne 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 30 km strike extent. The company holds a 100-per-cent interest in 17,855 hectares of exploration licences, of which Freeport-McMoRan Exploration Corp., a wholly owned affiliate of Freeport-McMoRan Inc. (New York Stock Exchange: FCX), has the option on 13,020 hectares to earn up to a 75-per-cent interest by funding up to $75-million (U.S.) of exploration and project-related expenditures. The company also holds a 50-per-cent 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 licences, 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).

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