Canadian Copper to Buy Caribou Complex for $6.2m | Simon Quick
In this interview, Simon Quick, CEO of Canadian Copper Inc. (CSE: CCI), provides insights into the company’s transformative acquisition of the Caribou processing plant complex and their path to becoming a copper producer.
Quick highlights their strategic acquisition of the Caribou plant for $6.2 million, emphasizing that this fully permitted 3,000-ton-per-day mill would cost over $200 million to build today. This opportunistic purchase at a fraction of replacement value demonstrates significant value creation for shareholders, as reflected in the 50% stock price increase following the announcement.
The CEO outlines a clear timeline: the acquisition is set to close in July 2025, providing Canadian Copper time to complete crucial steps including metallurgical testing and publishing a Preliminary Economic Assessment in the first half of 2025.
Quick discusses their plans to expand the mill’s copper processing capabilities, positioning CCI as one of the few near-term copper producers in Canada. With a potential production timeline of under 48 months, the company offers investors exposure to relatively near-term copper production.
Canadian Copper is a Canadian-based mineral exploration company with a copper and base metals portfolio of historical resources and grassroots projects. The Company is focused on the prolific Bathurst Mining Camp (BMC) of New Brunswick, Canada. There are currently 90,044,762 shares issued and outstanding in the Company.
Canadian Copper Inc. is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Canadian Copper Inc. The author has been compensated to cover Canadian Copper Inc. on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
