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Copper Prices Surge as Tariff Countdown Rattles U.S. Industry

On behalf of Abitibi Metals Corp.

With just days to go before Donald Trump’s 50% copper tariff takes effect on August 1, markets are still reeling from the record-breaking price spike it triggered. Copper jumped 13% in a single day following the July 8 announcement, reaching a historic $5.69 per pound. The shockwave is rippling across the US economy, raising concerns over rising inflation, supply chain strain, and cost pressure on manufacturers. As businesses brace for impact, investors are turning to North American producers that could help fill the looming supply gap. Companies like Abitibi Metals Corp. (CSE:AMQ) (OTCQB:AMQFF), Foran Mining (TSX:FOM) (OTCQX:FMCXF), Arizona Metals (TSX:AMC), Ivanhoe Mines (TSX:IVN), and Solaris Resources (TSX:SLS) are gaining renewed attention as key players in the next phase of copper security.

Abitibi Metals Corp. (CSE:AMQ) (OTCQB:AMQFF) is quickly emerging as a key player in the shift toward North American copper supply. The company’s flagship B26 Project in Québec is located in the Abitibi Greenstone Belt, one of Canada’s most productive mining regions. With a growing copper-gold resource and active drilling underway, Abitibi is positioning itself as a potential near-term source of secure, high-grade copper at a time when US access to reliable supply is under threat.

In June, the company officially resumed its fully funded 17,500-metre Phase 3 drill program, which is designed to aggressively scale up the resource and unlock new growth corridors. The campaign targets three key objectives: expanding higher-grade zones, extending mineralized trends beyond the current model, and testing new regional targets that could reshape the scale of the deposit. To support this push, the company has upgraded its field operations, including relocating the camp and enhancing core processing to accelerate results and maximize efficiency on site.

On July 21, Abitibi Metals Corp. (CSE:AMQ) (OTCQB:AMQFF) reported an early Phase 3 breakthrough, intersecting mineralization 80 metres beyond the current resource boundary. Step-out hole 1274-17-269-W1b returned 20 metres of visually strong VMS-style mineralization, with copper stringers observed in key growth corridors. While assays are pending, the hole encountered a heavily mineralized interval of 6.6 metres within a broader 17.4-metre zone, confirming continued expansion potential. To date, six holes have been completed in Phase 3 for a total of 4,829 metres, with two rigs currently active. 

CEO Jonathon Deluce emphasized that this new phase of drilling could rapidly convert open zones into a “new phase of resource growth,” and highlighted that Phase 2 results remain excluded from the current Mineral Resource Estimate, leaving further upside on the table.

Shortly after restarting drilling, Abitibi Metals (CSE:AMQ) (OTCQB:AMQFF) released the results of a VTEM™ airborne geophysical survey that outlined 8.7 kilometres of new high-priority drill targets. These include a potential 1.3 km western extension of the main deposit and two zones along the Enjalran–Brouillan contact with geophysical characteristics similar to B26.

Even more intriguing, the company identified anomalies between B26 and the historic Selbaie Mine that point to a potential new copper-rich corridor. These findings set the stage for Abitibi’s next round of drilling, aimed at proving that B26 is just the beginning of a much larger mineralized system in one of Canada’s most prolific copper belts. These areas are now being prioritized for follow-up as part of the Phase 3 program.

Click here for more information about Abitibi Metals Corp. (CSE:AMQ) (OTCQB:AMQFF).

Major Copper Developers Advance Projects Across the Board

Solaris Resources (TSX:SLS) (NYSE: SLSR) secured a $200 million non-dilutive financing agreement with Royal Gold to support development of the Warintza Project in Ecuador. The package includes a gold stream and net smelter royalty and will fully repay the company’s senior debt facility while funding all technical, permitting, and early infrastructure work needed to reach a final investment decision. The financing is limited to the Warintza cluster, preserving exploration upside across the broader district. Solaris emphasized the structure’s flexibility, noting it avoids share dilution while strengthening the project’s position as a large-scale, near-surface copper asset.

Foran Mining (TSX:FOM) (OTCQX:FMCXF) reported strong results from its ongoing 2025 exploration campaign at the McIlvenna Bay Project in Saskatchewan, particularly in the Tesla and Bridge Zones. Drilling continues to confirm the continuity and thickness of copper and zinc-rich lenses, with several holes intersecting multiple stacked horizons. A newly identified 650-metre conductive plate based on borehole EM suggests the Tesla Zone may extend further along strike, with follow-up drilling planned for the summer. The company is working toward a maiden resource estimate for the Tesla Zone, while construction activities have resumed following regional wildfire disruptions earlier in the season.

Arizona Metals (TSX:AMC) (OTCQX:AZMCF) announced its first mineral resource estimate for the Kay Mine Project in Arizona, marking a key milestone for the company. The estimate includes 9.28 million tonnes grading 3.18% CuEq in the Indicated category and 0.86 million tonnes grading 2.44% CuEq in the Inferred category, based on a 1% CuEq cut-off. The resource covers less than 5% of the project’s 10-kilometre strike length, suggesting considerable expansion potential. With further drilling planned and a preliminary economic assessment on track for release in the second half of 2025, the company continues to advance what it considers one of the most promising VMS discoveries in the US.

Ivanhoe Mines (TSX:IVN) (OTCQX:IVPAF) reported second-quarter production of 112,009 tonnes of copper from its Kamoa-Kakula complex in the Democratic Republic of Congo, an 11% increase over the same period last year. The company also noted that its Phase 3 concentrator is currently operating 30% above design capacity, while dewatering activities at the Kakula Mine are progressing in line with operational recovery plans following earlier seismic disruptions. Construction of Project 95 remains 50% complete and on schedule for Q1 2026, and first production from the Platreef project is expected by Q4 2025, positioning Ivanhoe for further multi-asset growth.

In June, Abitibi Metals announced that it has secured a 50% interest in the B26 Deposit after meeting all terms of its option agreement with SOQUEM. The company now moves into Phase 2, where it can earn up to 80% ownership through additional spending.

Click here for more information about Abitibi Metals Corp. (CSE:AMQ) (OTCQB:AMQFF).

Featured image @ Freepik

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6) This document contains forward-looking information and forward-looking statements within the meaning of applicable Canadian and United States securities legislation, (collectively, “forward-looking statements”), which reflect management’s expectations regarding Abitibi Metals Corp.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Abitibi Metals Corp.’s industry; (b) market opportunity; (c) Abitibi Metals Corp.’s business plans and strategies; (d) services that Abitibi Metals Corp. intends to offer; (e) Abitibi Metals Corp.’s milestone projections and targets; (f) Abitibi Metals Corp.’s expectations regarding receipt of approval for regulatory applications; (g) Abitibi Metals Corp.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Abitibi Metals Corp.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Abitibi Metals Corp.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Abitibi Metals Corp.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) Abitibi Metals Corp.’s ability to enter into contractual arrangements with additional parties; (e) the accuracy of budgeted costs and expenditures; (f) Abitibi Metals Corp.’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Abitibi Metals Corp. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Abitibi Metals Corp.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Abitibi Metals Corp.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Abitibi Metals Corp.’s business operations (e) Abitibi Metals Corp. may be unable to implement its growth strategy; and (f) increased competition.

Except as required by law, Abitibi Metals Corp. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Abitibi Metals Corp. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Abitibi Metals Corp. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document.

7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Abitibi Metals Corp. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Abitibi Metals Corp. or such entities and are not necessarily indicative of future performance of Abitibi Metals Corp. or such entities.

8) The technical information contained in articles and videos produced for this campaign has been reviewed and approved by Martin Demers, P.Geo., OGQ No. 770 at Abitibi Metals Corp. as the Qualified Person for the Company as defined in National Instrument 43-101.<br><br>

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