Cordoba Minerals

What Cordoba Minerals does

Cordoba Minerals Corp. is a Canadian publicly traded copper-gold mineral exploration company that develops high-potential projects in world-class porphyry copper belts in the Americas. It is listed on the TSX Venture Exchange (CDB) and OTCQB (CDBMF), is incorporated in British Columbia, Canada, and is headquartered in Vancouver. The company is majority controlled by Ivanhoe Electric Inc., which owns 59.6% of shares, with JCHX Mining Management Co., Ltd. as a cornerstone investor and historical joint venture partner.

The company's sole remaining core asset is the Perseverance Copper Project, a 13,000+ acre porphyry copper exploration property in Arizona's Copper Triangle, located 19 miles southeast of Kingman and 150 miles northwest of Phoenix. Cordoba holds a 51% interest under a joint venture with Bell Copper Corporation (49%), and its geological setting is comparable to Rio Tinto's Resolution Copper Project. Technical work is supported by access to Ivanhoe Electric's proprietary Typhoon™ IP-resistivity and Magneto Telluric (MT) survey systems for deep-penetration mapping of covered porphyry systems. In March 2026, the company sold its remaining 50% interest in the Alacran Copper-Gold-Silver Project in Colombia, together with all other Colombian exploration assets, to Veritas Resources AG (consortium led by JCHX Mining Management) for US$128 million in cash.

Cordoba is a pre-revenue exploration entity with no commercial product sales or recurring revenue stream. Its business model is asset development for capital appreciation: projects are advanced through internal funding, joint venture contributions, and equity or debt raises, and ultimately monetized through divestiture, JV dilution, or future production. Following the Alacran sale, the company distributed approximately US$1.01 per share to shareholders under a court-approved plan of arrangement, retained roughly US$10 million for corporate purposes, and is now operating as a single-asset exploration company evaluating new business development opportunities.

Name

Cordoba Minerals

Legal name

Cordoba Minerals Corp.

Website

https://cordobaminerals.com

Company type

Public

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

Cordoba Minerals is a Canadian publicly traded copper-gold mineral exploration company focused on developing porphyry copper projects in the Americas. It holds a 51% joint venture interest in the Perseverance Copper Project in Arizona's Copper Triangle, with Ivanhoe Electric as controlling shareholder.

Ownership category

akta.pro rank

Product category

Mining Exploration Services

NAICS

Copper, Nickel, Lead, and Zinc Mining (212230), Gold Ore and Silver Ore Mining (21222), Support Activities for Metal Mining (213114)

SIC

Metal Mining (1000), Gold And Silver Ores (1040)

akta.pro primary industry

Copper Exploration & Resource Development (IMAKADAA)

akta.pro secondary industries

Precious Metals Exploration & Project Development (IMAKAEAI), Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA)

Keywords

• Copper gold exploration
• Porphyry copper mining
• Mineral project development
• Junior mining company
• Mining asset acquisition

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Mineral Exploration and Development: Pre-revenue exploration stage company. The company generates no current revenue from operations, relying on equity financing, joint venture contributions, and asset divestitures to fund exploration activities. In March 2026, the company completed the sale of its Colombian assets for $128 million cash, distributing proceeds to shareholders.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Cordoba Minerals Corp. is a copper-gold exploration and development company that acquires, explores, and advances mineral properties in world-class porphyry copper belts, currently focused on the 13,000-acre Perseverance Copper Project in Arizona held through a 51/49 joint venture with Bell Copper. The company earns interests in projects by completing phased exploration expenditure commitments and supplements funding through equity financings and joint venture contributions. Following its March 2026 exit from Colombia, Cordoba's main asset is the Perseverance Copper Project, with a 2026 program of 1,700 meters of diamond drilling aimed at testing supergene copper enrichment beneath existing drill holes.

Product overview

Cordoba Minerals is a copper-gold exploration company with a single flagship project. The Perseverance Copper Project is a porphyry copper exploration project in Arizona's Copper Triangle. Following the sale of its Colombian assets (including the Alacran Project) in March 2026, the company now focuses solely on the Perseverance Project through a 51/49 joint venture with Bell Copper Corporation.

Differentiator

Problem solved

Functional benefit

Products and services

• Perseverance Copper Project A 13,000-acre porphyry copper exploration property located 19 miles southeast of Kingman and 150 miles northwest of Phoenix in Arizona's Copper Triangle, sharing similar geological characteristics with Rio Tinto's Resolution Copper Project. Cordoba holds a 51% interest through a joint venture with Bell Copper Corporation (49%), which is funding 49% of the 2026 exploration program.

Quantifiable outcome

• K-20 drill hole returned anomalous copper values averaging 415 ppm copper over 595 meters, indicating proximity to a porphyry copper system
• +1 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Three partnerships are on record, tiered core, former - divested and minor.

• Bell Copper CorporationcoreStrategic or Co-development Partner · 8 June 2026Bell Copper is the joint venture partner on the Perseverance Copper Project in Arizona. The project is now a 51/49 JV between Cordoba and Bell Copper. Bell Copper funded 49% of the US$1.7 million 2026 exploration program. Bell Copper is conducting a separate drilling program (hole K-24) testing MT targets.
• Veritas Resources AG (consortium led by JCHX Mining Management)former - divestedStrategic or Co-development Partner · 6 March 2026Veritas Resources AG, owned by a consortium led by JCHX Mining Management, acquired Cordoba's remaining 50% interest in the Alacrán Project along with all other Colombian exploration assets for US$128 million. Veritas now holds 100% of the Alacrán Project and has assumed full operational responsibility. The transaction closed on March 6, 2026.
• Cassels Brock & Blackwell LLPminorOthers · 10 February 2026Law firm acting as legal counsel for the company. Contact: Rajit Mitton at Suite 2200, RBC Place, Vancouver, BC V6C 3E8.

Scale indicators8 records

Recent moves8 records

Expansion highlights4 records

Direct peers

• Kodiak Copper: Exploration-stage company drilling porphyry copper-gold targets in North America, comparable in deposit type, business model and capital structure.
• Marimaca Copper: Copper exploration and development company advancing a flagship copper project in the Americas, comparable in pure-play copper focus and junior-developer model.
• Ivanhoe Electric: US-focused copper exploration and development company using advanced geophysics (Typhoon™) to find porphyry deposits; Cordoba's controlling shareholder and a direct analogue in technology-led copper exploration.
• Western Copper and Gold: Copper-gold project developer in North America focused on a large porphyry-style asset, comparable commodity mix and development model.
• Faraday Copper: Junior copper explorer/developer advancing the Copper Creek porphyry project in Arizona, closely comparable in commodity, geology and stage.
• Bell Copper Corporation: JV partner and fellow junior explorer targeting porphyry copper systems under cover in Arizona; directly comparable in geology, jurisdiction and exploration-stage business model.
• Arizona Sonoran Copper Company: Arizona-based copper developer advancing porphyry/oxide copper assets in the same Copper Triangle region, comparable in jurisdiction and copper focus.
• Solaris Resources: Copper-gold porphyry explorer/developer in the Americas, comparable in target deposit style and copper-gold exploration focus.

Emerging players

• Los Andes Copper: Junior advancing a large porphyry copper project, comparable in deposit type and reliance on staged financing and strategic partners.
• Hercules Metals: Early-stage US porphyry copper explorer making new discoveries, sharing Cordoba's discovery-driven, single-flagship junior profile.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/cordobaminerals
• Facebookfacebook.com/about
• LinkedInlinkedin.com/company/cordoba-minerals

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries3 records

Funding overview

Funding rounds12 records

Investors2 records

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 Cordoba Minerals