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Kodiak Reports Positive Results from Metallurgical Testwork on the MPD Project

Kodiak Copper Metallurgy Results Support MPD Viability Amidst Teck Partnership; Stock Corrects from January Highs

By The Northwire Desk — AI Analysis May 28, 2026 · 06:01 KDK · 0.88 Kodiak Copper Corp.

Executive Summary

Latest Release (May 28, 2026): Kodiak Copper Corp. reported positive metallurgical testwork results for its flagship MPD project in British Columbia.
Key Technical Findings: Rougher flotation recoveries improved at a coarser grind size (P80 150 µm), potentially reducing energy costs. Locked-cycle tests confirmed stable performance with specific concentrate grades (18.3% Cu, 8.2 g/t Au).
Gold Recovery Opportunity: Testwork identified free gold presence, suggesting gravity processes could further improve overall gold recovery beyond standard flotation.
Contextual Progression: This follows the initiation of metallurgical testwork in October 2025 and precedes the expected updated resource estimate timeline (Q1 2027). It validates the economic potential of the MPD project, which remains with Kodiak after the Mohave project was spun off into a new entity via the Teck Resources partnership.
Data Discrepancy Note: The provided transcript data references "Kodiak AI" (autonomous trucking) and is unrelated to Kodiak Copper Corp.'s mining operations. This transcript must be disregarded for fundamental analysis as it pertains to a different entity entirely, highlighting potential investor confusion or data integrity risks in the information set.

Material Impact

Positive Validation: The metallurgical results confirm that the MPD mineralization is amenable to conventional processing with cost-saving opportunities (coarser grind). This de-risks the project economics ahead of future feasibility studies.
Routine Nature: While positive, this news follows a clear timeline established in October 2025 when testwork was initiated. It does not introduce new strategic pivots or unexpected financial terms like the Teck Resources Letter of Intent (LOI) did in April 2026.
Market Context: The stock price has corrected significantly from January highs ($1.24) to current levels ($0.88). This news provides fundamental support for the remaining asset base but is unlikely to trigger a sharp reversal without broader market sentiment shifts or confirmation of the Teck transaction closing.
Strategic Alignment: By confirming MPD viability, it ensures Kodiak retains value in its core British Columbia project while Mohave moves into the Kay Copper/NewCo structure with Teck Resources.

KDK · Price

Company Overview

Company: Kodiak Copper Corp. (TSX-V: KDK).
Strategy: Focus on copper exploration in North America, specifically district-scale porphyry projects.
Flagship Project: MPD Copper-Gold Porphyry Project (Southern British Columbia).
- Status: Exploration/Development phase; Initial Mineral Resource Estimate completed Jan/Feb 2026.
- Resource Size: 82.9 Mt Indicated @ 0.39% CuEq and 356.3 Mt Inferred @ 0.32% CuEq.
- Land Package: 357 km² total, fully owned.
Secondary Asset: Mohave Project (Arizona).
- Status: Transferred to NewCo (Kay Copper) via Teck Resources partnership in April 2026 LOI. Kodiak retains 28% equity in NewCo.

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