Copper Quest (CSE:CQX | OTCQB:IMIMF) has recently entered the copper-gold exploration landscape by acquiring the Kitimat Copper-Gold Project in British Columbia. The acquisition provides Copper Quest a chance to explore the copper-gold potential of an area located near tidewater, rail, and power in what is considered to be one of the best areas in North America for discovering and developing copper deposits.
With copper prices at elevated levels and supply tightness expected through 2027 and beyond, there is considerable opportunity for companies with copper-gold discoveries in mining-friendly jurisdictions to attract new investment — especially those with credible targets and direct access to power and logistics infrastructure.
Project Location & Infrastructure
The Kitimat Property is located approximately 10 km north of Kitimat, B.C., and covers ~2,954 ha within the Skeena Mining Division — a region known for world-class porphyry copper-gold systems.
Key infrastructure advantages:
- <10 km from tidewater
- 1.5 km from rail
- 6 km from high‑voltage power
This level of infrastructure proximity is rare in early‑stage copper exploration and could significantly enhance development efficiency in the event of a discovery.
Previous Exploration Activity
In 2010, previous operators completed 16 drill holes totaling 4,437 metres, focused on the Jeannette Cu‑Au Zone. Highlights include:
- 117.07 m @ 1.03 g/t Au + 0.54% Cu
- 103.65 m @ 1.00 g/t Au + 0.55% Cu
These wide mineralized intervals indicate a potentially large system and suggest that the project remains under‑explored.
Acquisition Terms & Timeline
- Due‑diligence deadline: January 5, 2026
- Consideration: 2,000,000 CQX common shares issued to vendor
- Royalty: 2.5% NSR (40% buyback for CAD$1,000,000)
Upon closing, Copper Quest plans to integrate AI‑driven geological interpretation along with mapping, sampling, and geophysics ahead of a drill program.
Capital Structure & Treasury
- Market Cap (Oct. 31, 2025): CAD$10–12 million
- Shares Outstanding: 53.82M
- Fully Diluted: ~78.5M
- Insider/Strategic Ownership: ~55%
- August 2025 Financing: CAD$653,000 @ $0.075/unit
This tight share structure and high insider alignment demonstrate disciplined capital management.
Funding the Acquisition
The acquisition is funded entirely through equity — 2,000,000 CQX shares issued to the vendor — with no cash component, preserving capital for exploration.
Why the Acquisition Matters
Global copper supply remains constrained as electrification and renewable energy demand accelerates. Several major producers have cautioned that supply shortages may persist well beyond 2027.
Copper Quest’s entry into a proven, highly endowed copper belt offers exposure to potential discovery upside within a stable, mining‑friendly jurisdiction.
Global Copper Supply Landscape
| Country / Region | Approx. Global Share | Notes |
|---|---|---|
| Chile | ~27% | World’s largest copper source |
| Peru | ~10% | Major producer; political risk |
| China | ~8% | Large miner & top global consumer |
| DRC | ~8% | High‑grade deposits; geopolitical/ESG risk |
| U.S. | ~6% | Expanding domestic copper policy focus |
| Australia | ~5% | Strong exploration & production pipeline |
| Canada | ~2% | Growing copper opportunity in BC |
Why Canadian Copper Matters
Canada offers:
- Tier‑one mining jurisdiction & rule of law
- Strong ESG standards
- Strategic alignment with U.S. critical minerals policy
- Access to EV/energy/data infrastructure supply chains
- One of the world’s top porphyry belts (British Columbia)
Copper from stable jurisdictions is increasingly valued as a geopolitical and supply‑chain asset.
BC Porphyry Peer Comparison
| Company | Ticker(s) | Market Cap | Price Today | 52‑Week High / Low |
| Copper Quest | CSE:CQX | CAD$10–12M | CAD$0.190 | CAD$0.21 / CAD$0.065 |
| American Eagle Gold | TSXV:AEG | CAD$90–100M | CA$0.52 | CA$1.07 / CA$0.40 |
| Kodiak Copper | TSXV:KDK | CAD$70–75M | CA$0.76 | CA$0.89 / CA$0.33 |
| Copper Giant (ex‑Libero) | TSXV:CGNT | CAD$35–45M | CA$0.25–0.32 | CA$0.50 / CA$0.14 |
| Northwest Copper | TSXV:NWST | CAD$80–90M | CA$0.33–0.36 | CA$0.58 / CA$0.14 |
| Teck Resources (benchmark) | TSX:TECK.B | CAD$32–35B | CA$61.31 | (see TMX) |
Data as of Oct. 31, 2025 (Paris close)
Why Copper Quest Stands Out
- Tier‑one infrastructure proximity
- Strong insider ownership and tight cap table
- Share‑only acquisition preserves treasury
- Located in one of the world’s most prolific porphyry belts
Conclusion
Copper Quest’s acquisition of the Kitimat Project marks a meaningful entry into the copper‑gold exploration arena at a time when secure copper supply is increasingly strategic. With strong infrastructure advantages, disciplined capital structure, and exposure to a premier mineral belt, the company is positioned to benefit from continued strength in copper demand and potential exploration success.
Marc has been involved in the Stock Market Media Industry for the last +5 years. After obtaining a college degree in engineering in France, he moved to Canada, where he created Money,eh?, a personal finance website.
