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Super Copper Corp
Symbol CUPR
Shares Issued 53,938,594
Close 2026-07-08 C$ 0.455
Market Cap C$ 24,542,060
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Super Copper mobilizing for drilling at El Alto target

2026-07-08 19:22 ET - News Release

Mr. Zachary Dymala-Dolesky reports

SUPER COPPER PROVIDES CORPORATE UPDATE: FUNDED AND ADVANCING EXPLORATION

Super Copper Corp. has provided a corporate update across its two copper projects in Chile's Atacama region, its material science division and its strengthened balance sheet. With its maiden drilling program starting imminently and a fully financed treasury, the company believes it is entering the most active period in its history.

"The next six months will define Super Copper. Drilling at El Alto gives us our first real test of the Cordillera thesis we've spent two years building, Castilla is advancing toward its own maiden drill targets and our material science division is working towards technology upside that doesn't depend on any single drill hole. We are fully funded for these immediate exploration programs. What we've assembled is a company with multiple, independent ways to create value and we look forward to developments from each of them," said Zachary Dymala-Dolesky, chief executive officer of Super Copper.

Why copper, why now:

  • Accelerating demand: Data centres, power grids and industrial automation continue to drive structural growth in copper consumption.
  • Tightening supply: Aging mines and declining ore grades are widely cited as constraining new supply, supporting a constructive long-term price environment.
  • Premier jurisdiction: Chile is the world's leading copper-producing nation, with established mining infrastructure and a permitting and investment framework supportive of exploration and development, and Super Copper holds two projects in its Atacama region.

Project updates

Cordillera Cobre project -- drilling imminent:

  • As announced on June 30, 2026, the company is mobilizing for its maiden diamond drill program at the El Alto target. Platforms are built, access roads are complete and the rig is moving to site.
  • Phase 1 contemplates up to 15 holes for approximately 5,000 metres across eight platforms, testing an 800-plus-metre (m) chargeability corridor defined by induced polarization (IP) surveying, coincident with a 3.5-kilometre (km) magnetic corridor linking the El Alto and Calcite Hill targets. A steady cadence of assay results is expected throughout the program.

Castilla project -- advancing to next phase:

  • Phase 1 geophysics is complete, comprising WorldView-3 (WV3) hyperspectral imaging and a magnetic survey designed to map structure and alteration across the project.
  • Next steps include an IP (induced polarization) survey and 3-D magnetic vector inversion (MVI) modelling, followed by a targeted sampling program, with the goal of defining a first set of drill-ready targets and launching a maiden drill program at Castilla.
  • Castilla gives shareholders a second engine, more targets and more shots on goal, within the same district.

Material science division -- a third way to win:

  • Three targeted programs: The company has started a structured 15-month R&D (research and development) program applying proprietary biopolymer chemistry to three of copper mining's core challenges: (1) increasing copper recovery rates and leaching speed in conventional hydrometallurgical circuits; (2) treating process waste water to government discharge standards while recovering saleable copper compounds; and (3) decontaminating recirculating water circuits to reduce freshwater consumption.
  • Milestone-gated and independently verifiable: The program is operating under four milestone-gated tranches, governed by a joint steering committee and measured against quantified success criteria, including specific percentage-point improvements in copper recovery or a reduction in extraction time. Bench results are anticipated to be replicated in triplicate and confirmed in on-site field trials.
  • Shareholders own the upside: Intellectual property developed under the financed program is jointly owned 50/50.

"Every copper producer on earth wants three things: more metal from the same tonne of rock, cleaner water and lower costs. Our material science division is initiating a program on all three, with hard numbers to hit and independent verification. It's a third way to win that sits alongside the exploration upside at Cordillera Cobre and Castilla," added chief executive officer Mr. Dymala-Dolesky.

Corporate outlook -- what is ahead:

  • Fully financed: Following the March, 2026, financing, anchored by cornerstone investor Apeiron Investment Group, the company is financed to execute its near-term exploration programs.
  • Aligned ownership: Management and strategic partners hold a material stake in Super Copper, supporting strong alignment with shareholders.
  • Brand-new corporate material: The company is launching a new website and corporate presentation reflecting its updated branding.
  • Target milestones: Key objectives include completing the maiden drill program at Cordillera Cobre, advancing geophysics and target generation at Castilla, securing any required permits for follow-up programs, and continuing to advance the biopolymer initiative toward commercial readiness.

With drilling set to commence and a financed treasury, the company looks forward to delivering updates to shareholders during the coming months.

Qualified person

The scientific and technical information in this news release has been reviewed and approved by Michael B. Dufresne, MSc, PGeo, PGeol, of Apex Geoscience Ltd., who is an independent qualified person as defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects.

Grant of RSUs (restricted share units)

The company also announces that it has granted an aggregate of 3,723,930 RSUs pursuant to its omnibus equity incentive plan.

Pursuant to an existing previously announced consulting agreement with Apeiron Investment Group Ltd. dated May 29, 2025, Apeiron previously agreed to provide advisory services to the company in exchange for four million RSUs, of which three million RSUs were previously granted (see the company's news release dated May 29, 2025, for further details). The company has now granted Apeiron the balance of one million RSUs, of which 168,000 RSUs were granted to Longyear Capital Management LLC at the direction of Apeiron. Longyear is a corporation controlled by Sebastian Wagner, a director of the company and the natural resources lead of Apeiron.

As previously announced on Aug. 19, 2025, the company entered into an amending agreement to the Apeiron agreement and in consideration for Apeiron's continued services, the company agreed to grant RSUs to Apeiron in an amount equal to 2.5 per cent of the company's issued and outstanding common shares on an annual basis. The company has now granted Apeiron an aggregate of 1,361,965 RSUs, of which 272,393 RSUs were granted to Longyear at the direction of Apeiron. Additionally, pursuant to an amended management consulting agreement with Orion Management FZE-LLC and Mr. Dymala-Dolesky, the company has granted to Mr. Dymala-Dolesky an aggregate of 1,361,965 RSUs, representing 2.5 per cent of the company's issued and outstanding common shares. The RSUs granted to Apeiron and to Longyear at the direction of Apeiron, and Mr. Dymala-Dolesky vest in four equal tranches, with 25 per cent vesting on the date of grant, Aug. 29, 2026, Nov. 29, 2026, and Feb. 28, 2027.

The RSUs will be subject to a four-month hold period expiring Nov. 4, 2026, in accordance with applicable Canadian securities laws and the policies of the Canadian Securities Exchange.

The grant of RSUs to Apeiron and to Longyear at the direction of Apeiron, and the grant of RSUs to Mr. Dymala-Dolesky pursuant to the amended management consulting agreement, each constitute a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company is relying on certain exemptions from the requirement to obtain a formal valuation and minority shareholder approval for the transactions under MI 61-101, namely sections 5.5(a) and 5.7(a) as neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the grant of RSUs as set out above exceeds 25 per cent of the company's market capitalization (calculated in accordance with MI 61-101).

About Super Copper Corp.

Super Copper is a mining exploration company focused on acquiring, advancing and consolidating global copper assets from early discovery through late-stage development. The company is currently advancing its copper projects in Atacama, Chile, a region with world-class infrastructure and the presence of global majors. By operating a single, integrated technical team and a milestone-driven acquisition strategy, Super Copper aims to build a portfolio of scalable projects capable of supplying the world's accelerating demand for copper.

We seek Safe Harbor.

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