Northwire Canada EditionSunday, November 1, 2026
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Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8% Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8%
M&A / Property Routine +

Maxus Mining Earns 100% Interest in the Penny Copper Project, British Columbia

Maxus Mining Consolidates Penny Copper Asset Amidst Antimony Portfolio Expansion

By The Northwire Desk — AI Analysis May 19, 2026 · 08:00 MAXM · 0.92 Maxus Mining Inc.
Executive Summary
  • Acquisition Completion: Maxus Mining Inc. has fulfilled all obligations under an existing Option Agreement with Andrew Molnar to earn a 100% legal and beneficial interest in the Penny Copper Project near Kimberley, British Columbia.
  • Transaction Consideration: The company paid a total aggregate of $65,000 in cash (installments of $15k, $25k, $25k) and issued 200,000 common shares to complete the transaction.
  • Project Scope: The Penny Copper Project covers approximately 3,123 hectares within a prolific mining district near the historic Sullivan Mine.
  • Exploration Status: Recent exploration includes high-resolution MobileMT survey data and rock sampling returning copper values up to 0.34% Cu. Historical results show values up to 2,388 ppm Cu.
  • Future Plans: Management intends to advance geological and geophysical interpretation for drill target refinement and integrate datasets into 2D/3D models.
Material Impact
  • Ownership Security: Securing 100% interest removes the risk of losing the land package due to option expiry, which is a positive operational milestone but does not immediately alter valuation without resource estimates.
  • Asset Diversification: Adds copper exposure to a portfolio previously focused heavily on antimony (Alturas, Quarry, Hurley) and tungsten (Lotto). Copper is currently favored in critical minerals narratives for electrification.
  • Cost Efficiency: The acquisition cost ($65k cash + 200k shares) is negligible relative to the company's recent financing rounds ($1.1M warrant exercise, $2.6M flow-through), minimizing dilution impact.
  • Grade Context: Recent rock sampling (0.34% Cu) is low-grade compared to historical highs (2,388 ppm). This indicates early-stage exploration potential rather than immediate resource definition.
  • Market Expectation: As the news cites an "existing Option Agreement," this completion was likely anticipated by investors tracking the project's progress over previous months.
MAXM · Price
Company Overview
  • Company: Maxus Mining Inc. trades on CSE (MAXM), Frankfurt (R7V), and OTCQB (MXMGF).
  • Flagship Project: Alturas Antimony Project (Alturas West/East blocks) in British Columbia's Slocan Mining Division.
    • Historic Production: ~95 tonnes averaging 57.2% Sb.
    • Recent Sampling: Values up to 69.98% Sb reported at Alturas West.
  • Portfolio: Includes Quarry Antimony (Polymetallic Ag-Pb-Zn), Lotto Tungsten, Hurley Antimony, and Penny Copper. Total land portfolio exceeds 15,000 hectares.
  • Management: Scott Walters (CEO) and Morgan Verge (VP Exploration/Qualified Person).
Read the original news release →

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Jun 23, 2026 · 08:00

Junior explorer secures additional critical metals ground in BC, but cash burn and going-concern risks dominate the risk/reward profile.

M&A / Property Jun 09, 2026 · 08:00

Pre-revenue BC explorer advances copper targets at Penny Project amid broader portfolio consolidation and cash runway extension.

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Maxus Mining Advances Alturas West Metallurgy as Exploration Portfolio Expands Amidst Price Consolidation

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Maxus Mining Extends Polymetallic Footprint at Quarry Despite Market Volatility

Drill Results Apr 03, 2026 · 01:19

Maxus Mining samples 105 ppm Mo, 21 ppm W at Lotto

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