Northwire Canada EditionTuesday, August 11, 2026
Northwire
CN 0.190 +18.8% URE 1.98 +2.1% ALS 62.34 −1.3% AAUC 30.98 +1.6% RYR 0.190 −5.0% ECU 1.77 −4.3% GLAD 3.34 +2.5% IMG 25.63 +0.3% RUSH 0.080 +14.3% HMMC 6.76 +4.0% APX 0.060 +0.0% CBLT 0.050 +0.0% AIR 0.065 +8.3% PRU 5.54 +1.8% TOM 0.160 +14.3% QCX 0.235 +6.8% CN 0.190 +18.8% URE 1.98 +2.1% ALS 62.34 −1.3% AAUC 30.98 +1.6% RYR 0.190 −5.0% ECU 1.77 −4.3% GLAD 3.34 +2.5% IMG 25.63 +0.3% RUSH 0.080 +14.3% HMMC 6.76 +4.0% APX 0.060 +0.0% CBLT 0.050 +0.0% AIR 0.065 +8.3% PRU 5.54 +1.8% TOM 0.160 +14.3% QCX 0.235 +6.8%
Financings

Copper Quest Partners with ExploreTech for AI-Driven Resource Exploration and Development

CQX · Price

Executive Summary

  • Copper Quest Exploration entered a strategic AI‑driven partnership with ExploreTech to model its Kitimat Cu‑Au project and future assets.
  • The company completed a reconnaissance field program at Kitimat, confirming historic near‑surface copper‑gold intercepts (e.g., 117 m @ 1.03 g/t Au & 0.54 % Cu).
  • Copper Quest announced a non‑brokered private placement of 10,142,104 flow‑through shares at $0.19 each for gross proceeds of $1,927,000 to fund Canadian exploration expenses.

Key Details

  • ExploreTech Partnership
  • AI platform will reprocess historical geophysical data, generate geological simulations, and produce probability‑ranked drill targets for Kitimat.
  • Deliverables include inverted datasets, concealed intrusive models, target clusters, and optimized drillhole designs.
  • Kitimat Work Program (Nov 2025)
  • 24 soil samples & 8 rock samples collected (assays pending).
  • Bedrock: quartz monzonite with 5‑10 % disseminated fine‑grained pyrite, trace chalcopyrite, local molybdenum.
  • Access roads on claim are intact; historic logging/exploration roads provide drill access.
  • Historical Drill Results (Decade Resources, 2010)
  • Hole J‑7: 117.07 m @ 1.03 g/t Au & 0.54 % Cu (1.52–118.60 m).
  • Hole J‑1: 103.65 m @ 1.00 g/t Au & 0.55 % Cu (9.15–112.80 m).
  • Hole J‑2: 107.01 m @ 0.80 g/t Au & 0.45 % Cu (6.10–113.11 m).
  • Hole J‑8: 112.20 m @ 0.41 g/t Au & 0.33 % Cu (11.89–124.09 m).
  • Intercepts are long, continuous, near‑surface; mineralization remains open at depth and laterally.
  • Management Comments
  • CEO Brian Thurston: AI will integrate decades of data to target the buried porphyry centre.
  • ExploreTech CEO Alex Miltenberger: Platform evaluates thousands of scenarios to pinpoint probable mineralized centres.
  • Next Steps
  • Transfer all historic datasets to ExploreTech.
  • Begin AI‑driven modeling, geophysical inversion, and integration of 2025 geochemical results.
  • Receive ranked target clusters & drillhole trajectories; finalize 2025‑2026 exploration plan; evaluate technology for other properties.
  • Financing – Non‑Brokered Flow‑Through Offering
  • Shares issued: 10,142,104 common shares (flow‑through or critical mineral flow‑through).
  • Price per share: $0.19.
  • Gross proceeds: $1,927,000.
  • Use of proceeds: Canadian exploration expenses qualifying as flow‑through mining expenditures; renounced to subscribers by Dec 31 2026.
  • Offering fully subscribed; closing expected within a week; statutory four‑month hold period applies.
  • Insider participation qualifies as related‑party transaction under MI 61‑101, exempt from valuation/minority approval requirements (≤25 % of market cap).

Notable Quotes

  • Brian Thurston, CEO – Copper Quest: “ExploreTech’s AI platform will allow us to integrate decades of fragmented datasets and directly target the buried porphyry centre that the geological evidence strongly supports.”
  • Alex Miltenberger, CEO – ExploreTech: “Our generative AI technology evaluates thousands of geological and geophysical scenarios to identify the most probable mineralized centers. We look forward to supporting Copper Quest in unlocking the full potential of their portfolio of projects.”
Read the original news release →

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