DENARIUS METALS ANNOUNCES PRIVATE PLACEMENT AND STRATEGIC INVESTMENT IN COPPER GIANT RESOURCES, GAINING EXPOSURE TO ITS WORLD CLASS MOCOA COPPER-MOLYBDENUM PROJECT IN SOUTHERN COLOMBIA
Copper Giant receives C$28.8m investment from Denarius Metals while Trafigura secures offtake rights for the Mocoa copper-molybdenum project.
On August 6, 2026, Copper Giant Resources Corp. announced that Denarius Metals Corp. will make a strategic equity investment of C$28.8 million by purchasing 40 million common shares at C$0.72 each, giving it a 15.6% ownership stake. Simultaneously, Copper Giant entered a long-term offtake agreement with Trafigura Pte Ltd. for 20% of future copper and molybdenum concentrate production from the Mocoa project over ten years. The transaction also involves Denarius raising C$28.8 million from Trafigura via a private placement, making Trafigura a 14.9% shareholder in Denarius (but not directly in Copper Giant). Denarius CEO Federico Restrepo-Solano will join Copper Giant’s advisory board. Key participants (Denarius, Frank Giustra, Ian Harris) have agreed to two-year lock-up arrangements.
Copper Giant Resources Corp. (CGNT) announced a C$28.8 million investment at C$0.72 per share, a modest discount to the pre-announcement price of C$0.84. The deal brings in a credible Colombia-focused producer as a strategic operating partner and includes a long-term offtake agreement with Trafigura. This commercial backing provides third-party validation and is intended to de-risk future concentrate sales while signaling market confidence.
For the pre-revenue, exploration-stage company, the combination of fresh capital and commercial support materially strengthens the balance sheet and development timeline. However, the transaction does not alter inherent exploration and permitting risks, nor does it constitute a takeover or a discovery that rewrites the resource.
Copper Giant Resources Corp. (CGNT) is a junior explorer focused on the Mocoa copper-molybdenum porphyry project in Putumayo, Colombia. The project hosts a pit-constrained Inferred Mineral Resource of 1.12 billion tonnes grading 0.51% CuEq (0.31% Cu, 0.039% Mo), containing 12.7 Billion lbs CuEq (7.6 B lbs Cu, 1.0 B lb Mo). Drilling has expanded the resource footprint, identified multiple high-grade cores, and demonstrated continuity at depth and along strike.
The company is advancing a Preliminary Economic Assessment (PEA) due by Q4 2026. Metallurgical tests show up to 92% Cu and 97% Mo rougher recoveries. Infrastructure, social license (prior consultation agreements with the Inga Condagua and Montclar communities), and unified mining titles are in place. Management includes experienced professionals, including CEO Ian Harris, VP Exploration Edwin Naranjo Sierra, and directors with backgrounds at Ivanhoe, Cobre Panama, and other entities.