Copper Quest (CSE: CQX; OTCQB: IMIMF; FRA: 3MX) is a Canadian junior explorer advancing a portfolio of copper projects in British Columbia and evaluating a copper‑gold porphyry acquisition in the United States. With stable jurisdictions, strong infrastructure and a tight share structure, Copper Quest is positioning itself as a high‑torque play on the copper supercycle.
Company Highlights
Ticker Symbols: CSE: CQX | OTCQB: IMIMF | Frankfurt: 3MX
Copper Quest controls multiple copper projects concentrated in B.C.’s porphyry belts and is expanding into the U.S. via LOI. Key assets include:
- Stars (Bulkley Porphyry Belt, BC): 100% owned; ~9,693 ha. Road‑accessible; wide Cu‑Mo mineralized intervals; 5 km x 2.5 km annular magnetic anomaly; near Huckleberry (Imperial Metals) and Equity Silver (Newmont).
- Stellar (Bulkley Belt, BC): 100% owned; ~5,389 ha, contiguous with Stars; multiple MINFILE showings and large geophysical targets.
- Rip (Bulkley Belt, BC): Earn‑in up to 80% (JV); ~4,700 ha; historical drilling and geophysics; Phase One drill results released in 2025.
- Thane (Quesnel Terrane, BC): 100% owned; ~20,658 ha; 10 high‑priority targets; copper + precious‑metal potential.
- U.S. Copper‑Gold Porphyry (LOI, 2025): Western U.S. acquisition targeted to add scale and jurisdictional diversity.
Recent Developments
2025 has been active for Copper Quest, with a focus on capital, marketing reach, and portfolio growth.
- Name & ticker change completed (Mar 3, 2025): Interra Copper became Copper Quest Exploration Inc., trading as CQX.
- U.S. copper‑gold porphyry (Jun 27, 2025): Entered LOI to acquire a Western U.S. copper‑gold porphyry project.
- Financing (Aug 19, 2025): Closed first tranche CAD $653,388 (8.71M units @ $0.075; full warrant @ $0.15 to Aug 2027). Company anticipating second tranche close mid‑Sept 2025.
- Marketing & awareness (Aug 27 & Sept 11, 2025): Signed a 12‑month marketing agreement with Zimtu Capital and launched a multi‑national investor awareness campaign (includes Guerilla Capital, INN and Departures Capital).
- Rip Phase One results (Jan 23, 2025): Reported Phase One drill results at the Rip Project in the Bulkley Belt.
Copper: The Economic Backbone of Electrification
Copper isn’t just another metal — it’s the backbone of electrification. From EVs and charging stations to renewable grids and data centers, demand is soaring.
- Global demand: 27M tonnes in 2024 → 33M by 2035 → 37M by 2050
- Supply squeeze: Chile & Peru (≈40% of global output) face declining grades and permitting delays
- Refined output: growing only 3.2 to 3.3% annually — well below demand growth
Copper prices hovered around USD $10,000/tonne (~$4.60/lb) in 2025, retreating slightly on China demand worries. But big banks like Goldman Sachs and JP Morgan continue to flag copper as the commodity most likely to face structural deficits this decade.
Why Copper Quest Fits the Macro Picture
For investors, juniors like Copper Quest offer high-risk, high-reward leverage to the copper supercycle. Unlike majors tied down by billion-dollar capex, juniors can re-rate dramatically on exploration success.
- Québec provides infrastructure, permitting stability, and political safety
- Clean capital structure supports speculative upside
- Catalysts ahead: drilling results, capital market visibility, and potential partnerships
Team Background
- Brian Thurston, P.Geo — President, CEO & Director: 32+ years’ geological experience across the Americas, Africa & India; early Aurelian Resources contributor (acquired by Kinross for ~$1.2B).
- Dr. Mark Cruise, Ph.D., P.Geo, ICD.D — Director; QP & Audit Chair: 25+ years in discovery/development/operations (Europe, the Americas, Africa); founded Trevali Mining (grew into top‑10 global zinc producer).
- Jason Nickel, P.Eng — Director: 25+ years in mine ops & feasibility; managed major copper/gold producers; underground & open‑pit experience.
- Cameron MacDonald — Director: 18+ years capital markets/public company ops; CEO of Macam Group; raised >$300M equity and >$650M debt.
- Dong Shim, CPA — CFO: Capital markets and audit experience across US & Canada; assisted multiple listings on TSX‑V, CSE & OTC.
- Advisors: Mike Ciricillo (ex‑INCO, Phelps Dodge, Freeport‑McMoRan), Rich Leveille (major copper discovery teams), Rick Gittleman (mining/power project finance & regulatory specialist).
Stock & Financial Snapshot
As of mid‑September 2025 (CAD):
- Share Price: ~$0.09–$0.11
- Market Cap: ~$5.1M
- Shares Outstanding: ~53.8M (public float ~31.8M)
- 52‑Week Range: ~$0.065 – $0.14
- Balance Sheet: Early‑stage explorer; negative book equity; current ratio ~0.20 (tight liquidity).
Bottom Line
Copper is shaping up to be the most strategically important metal of the next two decades. Demand growth, supply shortages, and long lead times for new mines set up a bullish backdrop.
Copper Quest provides investors with an early-stage, speculative entry point into the copper story. It’s still early and high-risk, but that’s exactly where outsized returns are made in mining.
👉 For investors betting on electrification, Copper Quest is a name to keep on your radar.
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.
