Copper Giant Invited to US Embassy in Colombia as Two Drills Turn at The Mocoa Project

"I've worked in Latin America for 25 years," Harris told GSN. "I have never before been called to the US embassy."

Harris and his team exchanged information with embassy personnel, and the embassy has since followed up with additional questions about the Mocoa project.

Copper supply chains are affected by geopolitics. Currently, China is responsible for about 60% of the world's copper supply. The US wants refined copper made in the United States. The current US copper tariffs exclude raw materials.

"Colombia and the United States have achieved a close, mutually beneficial partnership over several decades on migration, security, counternarcotics, and commerce-with the US trade surplus with Colombia totalling $1.3 billion in 2024," confirms the Atlantic Council on March 26, 2025.

The United States is Colombia's largest trading partner in South America, with $36.7 billion in two-way trade in 2024.

"The meeting at the embassy signals that the US is serious about building a secure critical metals supply chain," stated Harris. "They want refined copper made in the United States. There is a potential opportunity for Copper Giant to ship ore to the U.S."

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On August 21, 2025 Copper Giant announced that the first drill hole at the East Valley target, MD-048 intersected porphyry-style mineralization.

Hole MD-048 marks the first-ever drill test in this highly prospective area, located well beyond the current resource footprint of Mocoa.

Copper giant is using KD-1000 "man-portable drill rigs", ideal for remote locations. It can be broken down and moved using people, mules and horses.

"The man-portable drill enables us to operate without helicopter support," Harris told GSN.

"This saves us money," added Harris. "Our straight drilling costs are about CND $300 per meter. With porphyry-style disseminated mineralization, we can add value with the drill bit."

Two rigs are currently active as part of Copper Giant's 14,000-metre resource expansion program at CGNT's flagship Mocoa copper-molybdenum project in Putumayo, Colombia.

"The entire hole was mineralized," Harris told GSN. "That confirms the size potential of the project. It doesn't matter where we drill, we're seeing copper. And now we have geological indications of another porphyry center off to the east."

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"The MD-048 hole was designed to test copper and moly anomalies," Edwin Naranjo Sierra, Copper Giant VP of Exploration, confirmed to GSN. "We drilled down for almost 800 meters, intersecting low copper values with higher gold, silver and poly-metallic content."

"That's different from the geochemical signature of Mocoa," continued Naranjo "Porphyries are like fingers, clustered around deposits. Hole MD-048 showed us that the veinlets are dipping to the east, away from the Mocoa porphyry center. We are now exploring the possibility that there is another porphyry to the east of hole MD-048. With these results, we have clear vectors for the next stage of exploration."

In late July 2025, Copper Giant attended the 2025 Rule Symposium in Boca Raton, Florida. Copper Giant CEO Ian Harris gave a 10-minute presentation, describing the investment opportunity at Copper Giant.

"People have seen copper recently in the headlines," stated Harris, "but the equities haven't moved much. I can tell you what the majors are looking for. They're looking for 2 billion tonne projects, half a percent metal content in copper or copper-equivalent."

"Our Mocoa project in Colombia has a 600 million tonne resource, containing over 2 million tons of copper," continued Harris. "At today's metal prices, it would have a similar value to a $35-million-ounce gold deposit. That puts Mocoa into perspective. The majors also want low capex. They want it to happen fast. They are looking for unicorns." [1]

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Harris believes the Mocoa project can become one of those unicorns. In the conversation with GSN, he stressed that Mocoa is also "one of the largest undeveloped molybdenum (moly) deposits on the planet, representing 20-30% of the project value, depending on the price of moly."

Molybdenum is used to strengthen steel, as a chemical catalyst, and also in the renewable energy sector. In the last 5 years, the price of moly has increased 290% from $11/lb to $32/lb.

On July 30, 2025 Copper Giant reported that hole MD-047 returned 1,004-metres of continuous copper and molybdenum mineralization from surface with the entire hole averaging 0.57% CuEq* (0.39% Cu and 0.04% Mo), including 567-metres grading 0.76% CuEq* (0.54% Cu and 0.05% Mo) -highlighting one of the most robust mineralized intervals drilled within a porphyry domain at Mocoa to date.

"Beyond the exceptional grades, MD-047 gives us clear evidence of a broader and deeper high-grade system than we had modeled. Discovering new intrusive phases and ending the hole in strong mineralization, including a final interval over 1% CuEq, opens a new vector in the system," stated Naranjo.

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On June 27, 2025 Copper Giant announced a definitive agreement to acquire 100% interest in 12 mining applications covering 53,474 hectares within the prolific Jurassic porphyry belt in Colombia.

The new area is contiguous with Copper Giant's existing land package and is primarily located in the Department of Cauca (Municipality of Santa Rosa), with extensions into Putumayo and the Mocoa Municipality.

The combined claims span approximately 136,425 hectares-an increase of 64%-positioning Copper Giant as one of the largest holders of highly prospective porphyry terrain in Colombia.

"This acquisition strengthens our strategic footprint in one of the most prospective porphyry copper belts in the Andes," stated Harris. "Through steady groundwork and trust-based relationships, we've created the right conditions to consolidate this district responsibly and collaboratively."

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Mining financier and philanthropist Frank Giustra has purchased an 11.2% stake in Copper Giant. In 2022, Mr. Giustra co-founded Aris Mining in Colombia. The company operates two underground gold mines, with Q2 2025 revenue of $200 million, up 75% from Q2 2024, driven by higher gold prices.

"Aris Mining Corp. has signed partnerships with about 2,500 small-scale miners who now account for 45% of the gold that comes out of its Segovia mine in Antioquia department," reports Mining.com on August 26, 2025.

"Typically, established mining companies look to expel informal miners from their properties. Instead, the Canadian firm is helping them with financing, planning and safety and then buys their gold".

"I've been going to Colombia for over 30 years," Giustra told Ceo.ca, "It is the only uninterrupted democracy in all of Latin America. I've had nothing but success in Colombian oil & gas and mining. I have a home in Cartagena. I love the country, wonderful people, and the rule of law works."

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Mocoa remains open in all directions, with several satellite targets identified across the broader land package. These features support the interpretation of a district-scale porphyry system and position Mocoa as one of the most significant undeveloped copper-molybdenum assets in the Andes.

Edwin Naranjo Sierra, Vice-President of Exploration for Copper Giant, is the designated Qualified Person within the meaning of National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and has reviewed and approved the technical information in this news release. Mr. Naranjo holds an MSc. in Earth Sciences and is a Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM).

Contact: guy.bennett@globalstocksnews.com

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1 For further information refer to NI 43-101 Technical Report, entitled "Technical Report on the Mocoa Copper-Molybdenum Project, Colombia", dated January 17, 2022, prepared by Michael Rowland Brepsant, FAusIMM, Robert Sim, P.Geo, and Bruce Davis, FAusIMM. with an effective date of November 01, 2021.

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