What C3 Metals does

C3 Metals Inc. (TSXV: CCCM; OTCQB: CUAUF) is a Canadian mineral exploration company headquartered in Toronto that discovers and delineates copper-gold porphyry and skarn deposits in two jurisdictions: southern Peru's Andahuaylas-Yauri Porphyry-Skarn Belt and Jamaica. The company was renamed from Carube Copper Corp. on August 6, 2020 and holds approximately 31,000 hectares in Peru (Jasperoide Project with the maiden Montana de Cobre Measured & Indicated Resource of 51.9Mt at 0.50% Cu and 0.20 g/t Au, plus the Khaleesi greenfield project where ~13,600m of drilling has been completed since September 2025) and 27,725 hectares in Jamaica (Bellas Gate, Arthurs Seat, Super Block JV, Hungry Gully).

The company's exploration methodology combines diamond drilling, geophysical surveys (3D Induced Polarization, drone magnetics, gravity), geochemical sampling (soil and rock chip), and multi-isotope geochronological dating (zircon U-Pb, garnet U-Pb, molybdenite Re-Os) executed via partnerships with the University of British Columbia Okanagan FiLTER lab and the University of Alberta. A proprietary geological model at Khaleesi is validated by a confirmed 35.8 Ma mineralization age matching nearby major deposits (Las Bambas, Antapaccay). The company's competitive position is anchored by proximity to MMG's Las Bambas, Glencore's Antapaccay, and Hudbay's Constancia operating mines within a 50km radius, and a US$75M earn-in agreement with Freeport-McMoRan Exploration Corporation on the Bellas Gate Project (executed February 11, 2025) provides third-party validation and de-risking of district-scale potential.

C3 Metals is pre-revenue and does not generate product sales; it funds exploration through bought-deal private placements underwritten by Canaccord Genuity Corp. and Paradigm Capital Inc., exempt securities offerings (e.g., $2.2M USD Form D filing November 2023), and strategic earn-in/JV partnerships. Cumulative bought-deal financings from 2021-2026 total approximately C$77M, with C$30.8M cash on hand as of February 28, 2026. The company's go-to-market is event-driven via exploration milestones, drill result announcements, and conference circuit participation (PDAC, Precious Metals Summit, Canaccord, BMO, VRIC). Prospective end markets are smelters and refiners of copper-gold concentrate, contingent on advancing from exploration to production.

Name

C3 Metals

Legal name

C3 Metals Inc.

Website

https://c3metals.com

Company type

Public

Founded year

2020

Operating status

Operating

Headcount range

101–250 employees

Short description

C3 Metals Inc. is a pre-revenue Canadian mineral exploration company that discovers and delineates copper-gold porphyry and skarn deposits in Peru's Andahuaylas-Yauri Belt and Jamaica, funding operations through equity financings and strategic earn-in partnerships such as the US$75M Freeport-McMoRan agreement on Bellas Gate.

Ownership category

akta.pro rank

Product category

Mineral Exploration Services

NAICS

Copper, Nickel, Lead, and Zinc Mining (212230), Copper Rolling, Drawing, Extruding, and Alloying (33142)

SIC

Metal Mining (1000), Miscellaneous Metal Ores (1090)

akta.pro primary industry

Copper Exploration & Resource Development (IMAKADAA)

Keywords

• Copper exploration
• Gold exploration
• Mineral property development
• Porphyry copper-gold
• Skarn mineralization

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Supply Chain

Revenue model

1. Capital Markets Financing: Pre-revenue mineral exploration company that raises capital through exempt securities offerings and bought-deal private placements to fund exploration activities. Example: Form D filing of $2,223,152 USD exempt offering (Nov 2023).

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

C3 Metals is a junior mineral exploration company that acquires, explores, and advances copper and gold projects in Peru and Jamaica. The company conducts geophysical surveys, geochemical sampling, and diamond drilling to delineate porphyry and skarn-style copper-gold mineralization, with the goal of advancing projects toward resource definition and eventual development or monetization. C3 Metals is pre-revenue and funds its exploration activities through equity capital markets.

Product overview

C3 Metals Inc. (TSXV: CCCM; OTCQB: CUAUF) is a Canadian mineral exploration company whose portfolio consists of a suite of copper and gold exploration projects organized by geography — Jamaica and Peru — rather than a software platform. The Jamaican assets include the Bellas Gate Project (100%-owned, 13,020 hectares, currently subject to a Freeport-McMoRan earn-in agreement for up to US$75M), the Arthurs Seat Project (100%-owned copper-gold-silver discovery with high-grade epithermal vein swarm), the Super Block Project (50/50 joint venture with Geophysx Jamaica covering the past-producing Pennants Gold Mine), and the Hungry Gully Project. The Peruvian assets comprise the flagship Jasperoide Project (100%-owned, ~26,800 hectares, hosting the Montana de Cobre skarn with a maiden Measured & Indicated Resource of 51.9Mt at 0.50% copper and 0.20 g/t gold) and the Khaleesi Project (100%-owned greenfield copper-gold discovery, 13,600m drilled across 31 holes with copper intersected in all holes). Together the projects form C3 Metals' discovery pipeline targeting large copper-gold porphyry and skarn deposits in two prolific belts.

Differentiator

Problem solved

Functional benefit

Brands

• Khaleesi: C3 Metals' 100%-owned copper-gold project in southern Peru, located in the Andahuaylas-Yauri Belt.
• Jasperoide
• Bellas Gate
• Super Block
• Arthurs Seat

Products and services

• Jasperoide Copper-Gold Project Skarn and porphyry copper-gold exploration project located in Peru, hosting near-surface mineralization and multiple drill-ready targets being advanced through diamond drilling and geophysical surveys.
• Bellas Gate Copper-Gold Project District-scale copper-gold porphyry exploration project in Jamaica covering the 20+ km Bellas Gate hydrothermal alteration zone with documented historic production and recent drill-confirmed mineralization at the Camel and Connors targets.
• Khaleesi Copper-Gold Project Copper-gold exploration project located near Bellas Gate in Jamaica, being explored as part of the company's broader Jamaican copper-gold land position.
• Arthurs Seat Project Copper-gold exploration project in Jamaica, part of the company's Jamaican land package targeting porphyry and skarn-style mineralization.
• Super Block Project Copper-gold exploration project in Jamaica held within the company's broader Jamaican land package.
• Hungry Gully Project Copper-gold exploration project in Jamaica forming part of C3 Metals' multi-project district-scale land position.

Quantifiable outcome

• Maiden Mineral Resource at Montana de Cobre: 51.9Mt at 0.50% Cu and 0.20 g/t Au (569.1M lbs copper, 326,800 oz gold)
• +4 more outcomes

Named customers1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eleven partnerships are on record, tiered flagship / tier-1, operational, adjacent / tier-2, core / tier-1, core / tier-2 and community / tier-3.

• Freeport-McMoRan Exploration Corporationflagship / tier-1Strategic or Co-development Partner · 11 February 2025Freeport-McMoRan Exploration Corporation (wholly-owned affiliate of Freeport-McMoRan Inc., NYSE: FCX) entered into an Earn-In Agreement on Feb 10, 2025 to acquire up to 75% ownership interest in C3 Metals' 100%-owned Bellas Gate Project (13,020 hectares) in Jamaica. Stage 1: Freeport funds US$25M over 5 years to earn 51% interest with C3 Metals as operator. Stage 2: Freeport has option to fund additional US$50M over 4 years to earn additional 24% interest and become operator. Total potential funding: US$75M. The Bellas Gate Project has 14 porphyry, 30+ epithermal prospects over 18km strike extent.
• Cancahuani CommunityoperationalOthers · 13 August 2024Wholly-owned subsidiary Molino Azul S.A.C. executed an agreement with the Cancahuani Community on August 13, 2024 to provide surface access rights at the Khaleesi Copper-Gold Porphyry-Skarn Project in Peru. Critical for drill program commencement.
• Barrick Mining Corp. (via Geophysx Jamaica Ltd.)adjacent / tier-2Others · 1 May 2024Barrick Mining Corp. announced on May 1, 2024 that it had entered into an earn-in agreement with Geophysx Jamaica Ltd. on approximately 400,000 hectares of exploration licenses, several of which surround C3 Metals' mineral concessions in Jamaica. Indirect ecosystem relationship validating the broader district's potential.
• Geophysx Jamaica Ltd.core / tier-1Strategic or Co-development Partner · 1 March 202450/50 Joint Venture agreement (March 1, 2024) combining Geophysx Jamaica's past-producing Pennants Gold Mine (produced ~16,000 ounces gold from 2002-2004) and C3 Metals' Main Ridge Project to create the Super Block Project (9,870 hectares in Jamaica). Operating cash calls and equity split 50/50. Geophysx Jamaica Ltd. is the largest mineral tenure holder in Jamaica.
• Renmark Financial Communications Inc.core / tier-2GTM or Marketing Partner · 12 May 2023Renmark Financial Communications Inc. retained in May 2023 to provide investor relations and corporate communications services including virtual non-deal roadshows (VNDRs) and ongoing media outreach.
• Irwin Lowy LLPcore / tier-2OthersIrwin Lowy LLP serves as C3 Metals' corporate legal counsel (attorneys), with offices at 217 Queen St. West, Suite 401, Toronto, ON. Hosts the company's Annual General & Special Meetings at their offices.
• TSX Trust (TMX)operationalOthersTSX Trust serves as transfer agent for C3 Metals Inc., located at 301-100 Adelaide Street West, Toronto, ON M5H 4H1.
• Molino Azul S.A.C.operationalOthersMolino Azul S.A.C. is a wholly-owned subsidiary of C3 Metals Inc. that executed an agreement with the Cancahuani Community in August 2024 to provide surface access rights at the Khaleesi Copper-Gold Porphyry-Skarn Project in Peru.
• Nine Miles of Smilescommunity / tier-3GTM or Marketing PartnerC3 Metals partners with Nine Miles of Smiles to provide dental care and educational oral hygiene outreach to the Bellas Gate community in Jamaica. Announced February 10, 2025.
• ALS Laboratory GroupoperationalTechnology or IntegrationALS Laboratory Group is an accredited independent laboratory used by C3 Metals for sample preparation and assaying. Peru drill core from Khaleesi camp is shipped to ALS preparation laboratory in Arequipa, Peru, then assayed at ALS Lima, Peru. Jamaica drill core is shipped to ALS preparation lab in Sudbury, Ontario, then assayed at ALS Vancouver, Canada. ALS performs fire assay fusion (Au-AA23), ICP-AES ME-MS61r 60-element analysis, and ICP-AES ME-OG62 overlimit analyses.
• University of British Columbia Okanagan (FiLTER Lab) and University of AlbertaoperationalTechnology or IntegrationC3 Metals engages academic laboratories for geochronology (age dating) work. Zircon and garnet U-Pb age dating is performed at the FiLTER lab at University of British Columbia Okanagan (Kelowna, Canada); molybdenite Re-Os age dating is performed at the University of Alberta (Edmonton, Canada).

Scale indicators9 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• First Quantum Minerals: First Quantum Minerals (TSX: FM) is developing the Haquira copper project adjacent to C3 Metals' Peruvian assets. Comparable as a major copper producer with exploration/development interests in the same Andahuaylas-Yauri district.
• Hudbay Minerals: Hudbay Minerals (TSX: HBM) operates the Constancia and Pampacancha copper-gold mines in Peru directly adjacent to C3 Metals' Jasperoide project. Comparable as a major copper-gold producer in the same district, providing direct geological and infrastructure analogues.
• MMG Limited: MMG Limited operates the Las Bambas copper mine—one of the world's largest—located within 50km of C3 Metals' Khaleesi project. Comparable as a Tier-1 copper producer with direct geological analogy to Khaleesi's confirmed 35.8 Ma mineralization age.

Emerging players

• New Pacific Metals: New Pacific Metals (TSX: NUAG) is a junior exploration company with silver-gold projects in Bolivia. Comparable as a small-cap, pre-revenue mineral exploration company with similar financing profile and TSX-listed status in South America.

Direct peers

• Los Andes Copper: Los Andes Copper (TSX-V: LA) is developing the Vizcachitas copper-moly porphyry project in Chile. Comparable as a copper-focused junior explorer with a large advanced-stage porphyry asset and similar resource growth trajectory.
• Solaris Resources: Solaris Resources (TSX: SLS) is a copper-gold porphyry exploration company focused on the Warintza Project in Ecuador. Highly comparable as a mid-stage copper-gold explorer advancing a single district-scale asset with multiple porphyry targets and large drilling programs underway.
• Filo Corp: Filo Corp (TSX: FIL) is a copper-gold-silver exploration company developing the Filo del Sol project in Argentina/Chile. Directly comparable as a junior copper-gold explorer with a major drill-defined porphyry system advancing through resource growth and pre-feasibility.
• Josemaria Resources: Josemaria Resources (TSX: JOSE) is advancing the Josemaria copper-gold project in Argentina toward feasibility. Comparable as a copper-gold developer with a single district-scale porphyry asset in South America progressing through resource definition.
• NGEx Minerals: NGEx Minerals (TSX: NGEX) explores copper-gold projects in South America (Los Helados, Lunahuasi in Chile/Argentina). Directly comparable copper-gold porphyry explorer with similar district-scale ambitions and ongoing drilling catalysts.
• Regulus Resources: Regulus Resources (TSX-V: REG) is a copper-gold exploration company focused on the AntaKori project in Peru's Cajamarca region. Comparable as a Peru-based copper-gold explorer drilling a large porphyry-skarn system and publishing resource estimates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@c3metals
• Instagraminstagram.com/c3metals
• Xx.com/c3metals

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds8 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about C3 Metals