Northwire Canada EditionTuesday, July 28, 2026
Northwire
LUG 81.27 +2.4% ETG 2.65 +1.1% ARIC 0.860 +2.4% ABC 0.020 +0.0% WEC 0.010 +0.0% NTB 0.020 +0.0% URC 3.83 −8.2% BEX 0.085 +6.2% SUM 1.32 +0.0% FMN 0.270 +10.2% PHNM 0.405 +12.5% HDRO 1.11 −6.7% PWM 0.620 −1.6% LIO 0.155 +10.7% NTH 0.160 +1.6% ELEF 0.120 −4.0% LUG 81.27 +2.4% ETG 2.65 +1.1% ARIC 0.860 +2.4% ABC 0.020 +0.0% WEC 0.010 +0.0% NTB 0.020 +0.0% URC 3.83 −8.2% BEX 0.085 +6.2% SUM 1.32 +0.0% FMN 0.270 +10.2% PHNM 0.405 +12.5% HDRO 1.11 −6.7% PWM 0.620 −1.6% LIO 0.155 +10.7% NTH 0.160 +1.6% ELEF 0.120 −4.0%
Drill Results

C3 Metals Restarts Full Exploration Activities in Jamaica Following Community Assistance Programs After Hurricane Melissa

Operations Resume in Jamaica as Focus Shifts to Resource Expansion Following Khaleesi Discovery

Executive Summary

The news release dated January 12, 2026, confirms that C3 Metals has fully resumed exploration activities in Jamaica at its Super Block and Bellas Gate projects. Activities were previously suspended for approximately eight weeks due to infrastructure damage and road closures caused by Hurricane Melissa in late 2025.

Key operational updates include: - Super Block (50% JV): Scout drilling is 50% complete (7 of 14 holes). - Bellas Gate (100%, Freeport Earn-in): 3DIP geophysical survey is approximately 65% complete (46 of 70 sq. km). - Community Relations: The company executed a community assistance program for 500 families, maintaining its social license to operate after the storm.

Material Impact

The impact of the most recent news is neutral to slightly positive. While the resumption of work is a necessary step, it merely restores the company to its pre-hurricane status. - Timeline Delay: The hurricane caused a two-month delay in the 2025/2026 drill schedule. Projections for the 2026 drill program design at Bellas Gate will likely be pushed back by at least one quarter. - Cost Impact: While equipment was reported safe, the company had to divert resources to community assistance and infrastructure repair (roads, core facility roofs). This represents unbudgeted overhead, though likely not material relative to the C$12M+ cash position. - Comparison to Previous Projections: Before the storm, 3DIP was expected to be completed by December 2025. It is now only 65% complete in January 2026, confirming the delay.

CCCM · Price
Company Overview

C3 Metals is a junior explorer focused on copper-gold porphyry and skarn systems in Jamaica and Peru. - Bellas Gate (Jamaica): 100% owned, subject to a massive US$75M earn-in by Freeport-McMoRan. It features an 18km strike with 14 identified porphyry targets. - Khaleesi (Peru): 100% owned, 30,000-hectare package in the Andahuaylas-Yauri belt. Recent drilling confirms a large-scale system with intercepts over 260m wide. - Super Block (Jamaica): 50/50 JV with Geophysx Jamaica. Focuses on epithermal gold targets near the past-producing Pennants mine.

Read the original news release →

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