What XXIX does

XXIX Metal Corp. is a Canadian junior copper mining company listed on the TSX Venture Exchange (XXIX), OTCQB (QCCUF), and FSE (5LW0). Founded in 2018 as PowerOre Inc. and rebranded from QC Copper and Gold Inc., the company is advancing two flagship copper assets: the Opemiska Copper Project in Quebec's Chapais-Chibougamau region (21,333 hectares, one of Canada's highest-grade open-pit copper deposits with a maiden M&I resource of 81.7M tonnes @ 0.88% CuEq) and the Thierry Copper Project in Ontario (hosting the K1 and K2 zones with established brownfield infrastructure). Following its December 2024 acquisition of Cuprum, XXIX positions itself as one of Canada's largest copper resource developers.

The company's core technology stack consists of diamond drilling, 3D geological resource modeling (including an interactive model hosted on geomodels.net), NI 43-101 technical reporting, and PEA-level economic modeling. Its October 2025 PEA for Opemiska outlines a 12,500 tpd open-pit operation over a 17-year mine life with an after-tax NPV8% of $505M, IRR of 27.2%, and 2.3-year payback at $4.35/lb copper. The company also benefits from proximity to the Horne Smelter, rail, and power infrastructure, and is exploring the Cooke Zone (32.72 g/t Au over 7.5m) as a potential satellite deposit.

XXIX operates a pre-revenue development model. It funds exploration and development through recurring best-efforts private placements of Ontario and Québec charity flow-through units and regular units, distributed via a syndicate led by SCP Resource Finance with Canaccord Genuity and Beacon Securities. Capital raised — over $20M in cash and $24M working capital following the February 2026 $17.25M financing — funds Canadian exploration expenses and advances the Opemiska pre-feasibility study. Future revenue is intended to come from concentrate sales to smelters such as the Horne Smelter. The company is part of the Ore Group and is led by CEO Guy Le Bel, VP Exploration Denis McNichols, VP Strategic Engagement Derek Teevan, and CFO Joel Friedman.

Name

XXIX

Legal name

XXIX Metal Corp.

Website

https://xxix.ca

Company type

Public

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

XXIX Metal Corp. is a Canadian junior copper mining company advancing the high-grade Opemiska (Quebec) and Thierry (Ontario) copper projects toward production, funded through TSXV-listed equity and flow-through private placements targeting institutional and retail mining investors.

Ownership category

akta.pro rank

Product category

Copper Mining Exploration and Development

NAICS

Copper, Nickel, Lead, and Zinc Mining (212230)

SIC

Metal Mining (1000)

akta.pro primary industry

Copper Exploration & Resource Development (IMAKADAA)

akta.pro secondary industry

Copper Ore Mining (Open-Pit & Underground) (IMAKADAB)

Keywords

• Copper mining exploration
• Mineral resource development
• Copper-gold-silver projects
• Preliminary Economic Assessment
• Critical minerals development

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Mineral Production Revenue: XXIX Metal Corp. plans to generate revenue through the production and sale of copper, gold, and silver concentrates from its Opemiska and Thierry copper projects. The company targets becoming a low-cost copper producer with leverage to rising metal prices. No revenue is currently generated as both projects are in the exploration/development stage.
2. Equity Financings: The company raises capital through best-efforts private placement offerings, including Ontario and Québec charity flow-through units and regular units with warrants. Recent financings include a $17.25M financing (February 2026) and a $6M financing. Proceeds fund Canadian exploration expenses and advance the Opemiska preliminary feasibility study.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

XXIX Metal Corp. is a junior mining exploration and development company advancing two flagship Canadian copper assets — the Opemiska Copper Project in Quebec's Chapais-Chibougamau region (21,333 hectares; one of Canada's highest-grade open-pitable copper deposits) and the Thierry Copper Project in Ontario (K1 and K2 zones with significant existing infrastructure). The company's current focus is advancing resource delineation through drilling, publishing NI 43-101 resource estimates and Preliminary Economic Assessments (PEA), and positioning Opemiska for a planned 12,500 tpd open pit, 17-year mine life copper-gold-silver concentrate operation, with concentrates intended for sale to the nearby Horne Smelter and global metal markets.

Product overview

XXIX Metal Corp. is a junior copper mining company with two primary copper development projects in Canada: the Opemiska Copper Project in Quebec and the Thierry Copper Project in Ontario. The company does not offer software products or technology services; its offerings consist of mineral exploration and development assets. The Opemiska project represents the core asset, featuring a high-grade open-pitable copper deposit with significant gold and silver by-products, while the Thierry project provides additional copper-PGE potential. The Cooke Zone at Opemiska is being evaluated as a potential satellite deposit to supplement the main operation.

Differentiator

Problem solved

Functional benefit

Products and services

• Opemiska Copper Project A copper-gold project in Quebec's Chapais-Chibougamau region covering 21,333 hectares, described as one of Canada's highest-grade open-pitable copper deposits. The project has an October 2025 PEA outlining a 12,500 tpd open pit operation over a 17-year mine life generating after-tax NPV8% of $505M and IRR of 27.2%, with NI 43-101 M&I resources of 81.7M tonnes at 0.88% CuEq and 21.35M tonnes at 0.73% CuEq Inferred, including a high-grade starter pit of 10.6M tonnes grading 1.26% CuEq. Development is intended to produce copper-gold-silver concentrates for sale to the Horne Smelter and global metal markets.
• Thierry Copper Project A copper-PGE project in Ontario hosting the K1 (near-surface) and K2 (past-producing underground and surface) zones, with significant existing infrastructure including an all-season road, an airport within 5 km, a provincial power grid within 8 km, and nearby rail. The Thierry K1 Zone is subject to a maiden 20,000 m drill program, representing the first systematic large-scale drilling on the property in over 50 years under the company's bulk-tonnage copper-PGE geological interpretation.
• Cooke Zone A gold-copper-silver exploration target located approximately 2 km east of the Opemiska project in Quebec, identified as a potential satellite deposit to supplement the broader Opemiska copper development scenario. Near-surface high-grade gold intersections (up to 32.72 g/t Au over 7.5 m, including 142.4 g/t Au over 0.9 m) have been confirmed through drilling, with potential to feed a centralized mill at the Opemiska operation.

Quantifiable outcome

• 12,500 tpd open pit operation over 17-year mine life with after-tax NPV8% of $505M and 27.2% IRR
• +3 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core and major.

• GCM Enviro SynergiescoreImplementation/ SI/ Consulting Partner · 2 June 2026XXIX Metal Corp. engaged GCM Enviro Synergies to undertake environmental and social baseline studies at the Opémiska project. The program aims to establish environmental and social databases required to support future permit applications, engineering studies, and project planning activities. Work will include water and soil characterization, wildlife and flora inventory, land use and traditional territory mapping, and socioeconomic studies. Field programs began within weeks of the June 2026 announcement, advancing the project toward pre-feasibility and permitting.
• Bunt Capital CorporationcoreGTM or Marketing Partner · 23 March 2026XXIX Metal Corp. entered a six-month agreement with Toronto-based Bunt Capital Corporation for investor relations and capital-markets advisory services. Bunt Capital communicates with shareholders, analysts, and prospective investors on behalf of the company. The company pays C$90,000 over the term (C$15,000 monthly) and granted 500,000 stock options at $0.12 per share. Engagement is subject to TSX Venture Exchange acceptance.
• Town of ChapaismajorStrategic or Co-development PartnerThe Town of Chapais has been an active community partner and stakeholder for the Opemiska Copper Project. In February 2026, the Town of Chapais issued a public call (February 10, 2026) for coordinated action across Plan Nord, the Province of Quebec, and public partners to advance the Opemiska Copper Project. XXIX Metal Corp. thanked the Town for its ongoing support and outlined its commitment to structured engagement with local stakeholders and neighbouring Cree Communities.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Teck Resources Limited: Large diversified miner with material copper exposure (Quebrada Blanca, Highland Valley) in BC/Canada — strategic acquirer profile relevant to a future XXIX partnership or takeout.
• Capstone Copper Corp. Pure-play copper producer (Pinto Valley, Mantos Blancos, Santo Domingo) — broad incumbent comparable for the long-term producing vision XXIX has for Opemiska.
• Lundin Mining Corporation: Mid-tier diversified base-metals producer with significant Canadian copper-gold assets (Caserones, Candelaria) — relevant incumbent comparable for assessing how a future producing XXIX might be valued in a takeout scenario.
• Hudbay Minerals Inc. Canadian-domiciled copper-gold producer with Manitoba and BC operations — directly comparable business model (open-pit copper by-product gold/silver) to the operator XXIX aims to become.
• Imperial Metals Corporation: Canadian copper-gold producer (Mount Polley, Red Chris) operating open-pit copper mines in BC — relevant incumbent for benchmarking Canadian copper operating economics.
• New Gold Inc. Canadian gold-copper producer with the New Afton open-pit/underground copper-gold mine in BC — directly comparable copper-gold production model to XXIX's planned Opemiska operation.

Emerging players

• Solaris Resources Inc. Emerging copper developer with the Warintza porphyry copper-gold project in Ecuador — comparable as a copper-focused developer at PEA/pre-feasibility stage targeting a multi-decade mine plan.

Direct peers

• Filo Corp. Copper-gold exploration and development company (Filo del Sol, Argentina; Lundin Group) at a PEA-to-pre-feasibility stage with a high-grade copper resource, broadly comparable as a junior copper developer with strong economics.
• Foran Mining Corp. Canadian-focused copper-zinc developer advancing its McIlvenna Bay project in Saskatchewan to feasibility/construction — most directly comparable stage, jurisdiction and development profile to XXIX's Opemiska project.

Regional players

• Altius Minerals Corporation: St. John's-based mining royalty and project generation company with significant Canadian copper and critical minerals exposure — comparable as a Canada-listed investment vehicle providing copper development exposure.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/XXIX_Copper
• LinkedInlinkedin.com/company/about

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors

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

M&A1 record

Investments

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

Frequently asked questions about XXIX