Northwire Canada EditionThursday, July 23, 2026
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VZZ 0.180 +2.9% BMR 0.145 +3.6% NVO 0.055 −8.3% PMET 4.47 +2.0% CTG 0.125 +13.6% AVU 0.040 +0.0% SGML 14.32 −3.1% WRLG 0.720 +1.4% CAN 0.065 +8.3% ABRA 15.63 +1.6% LSTR 0.060 +0.0% OLA 13.10 +2.5% EQX 13.15 +2.7% SRA 0.780 +0.0% UTWO 0.390 −13.3% IVN 10.64 −1.2% VZZ 0.180 +2.9% BMR 0.145 +3.6% NVO 0.055 −8.3% PMET 4.47 +2.0% CTG 0.125 +13.6% AVU 0.040 +0.0% SGML 14.32 −3.1% WRLG 0.720 +1.4% CAN 0.065 +8.3% ABRA 15.63 +1.6% LSTR 0.060 +0.0% OLA 13.10 +2.5% EQX 13.15 +2.7% SRA 0.780 +0.0% UTWO 0.390 −13.3% IVN 10.64 −1.2%
Production / Operations

XXIX Advances Thierry Copper Project with Comprehensive Validation and Reinterpretation of 210,000 Metres of Drilling

XXIX Progresses Secondary Thierry Asset While Opemiska PEA Highlights Massive Capital Funding Gap

By The Northwire Desk — AI Analysis Jan 16, 2026 · 06:01 XXIX · 0.125 XXIX Metal Corp.
Executive Summary

The most recent news release (January 16, 2026) details the completion of a comprehensive validation and reinterpretation of 210,000 metres of historical drilling at the Thierry Copper Project in Ontario. Key findings include: - The K1 deposit is now modeled as a large-scale, bulk-tonnage open pit target with mineralization starting at surface. - Reinterpretation suggests copper grades may increase at depth. - Induced Polarization (IP) surveys identified strong anomalies between the K1 and K2 deposits, suggesting potential for a connected mineralized corridor over a 3km gap. - The company is preparing for a 15,000-metre maiden drill program at Thierry in 2026. - This follows the December 2025 filing of a Preliminary Economic Assessment (PEA) for the flagship Opemiska Project, which outlined a $505M NPV8% but requires $617M in initial capital.

Material Impact

The news is Materially Positive for the Thierry Project’s geological viability but Routine for the company’s near-term valuation. - Geological De-risking: Validating 210km of historical data provides a "free" exploration advantage, allowing for targeted drilling rather than blind scouting. - Scale Potential: Identifying the potential link between K1 and K2 could significantly increase the resource base, moving Thierry from a secondary asset to a primary project. - Strategic Pivot: By advancing Thierry, the company provides a news-flow alternative to Opemiska, which currently faces a difficult "Permitting/Financing" phase. - Misses: There are no new drill results or resource upgrades in this release; it is strictly an architectural/geological update. The copper grades at Thierry K1 (0.38% Cu) remain relatively low, requiring significant scale or higher copper prices to be competitive.

XXIX · Price
Company Overview

XXIX Metal Corp (formerly QC Copper and Gold) is focused on copper-gold projects in Quebec and Ontario. - Flagship Project: Opemiska (Chapais, Quebec). A past-producing site being re-envisioned as a modern open-pit mine. - Resource: 1.4 Billion lbs CuEq (Indicated) + 0.7 Billion lbs CuEq (Inferred) at Opemiska. - Secondary Project: Thierry (Pickle Lake, Ontario). A large-tonnage copper-nickel-PGE project with significant historical data.

Read the original news release →

More from XXIX Metal Corp.

Jul 20, 2026 · 06:01

XXIX Metal begins drilling at Ontario’s Thierry K1 deposit to validate its bulk-tonnage copper model.

Drill Results Jul 06, 2026 · 06:01

XXIX Metal secured permits for a 20,000-metre drill program at its Ontario copper asset.

Drill Results Jun 23, 2026 · 16:01

XXIX Metal secures a low-cost Pluto option to expand its Pad District footprint while the Opemiska PFS remains the primary catalyst.

Drill Results Jun 23, 2026 · 14:47

Germanium Mining options Pluto property to XXIX Metal

M&A / Property Jun 02, 2026 · 06:01

XXIX Advances Opemiska Development with Launch of Environmental and Social Baseline Studies

Production / Operations Apr 27, 2026 · 06:01

XXIX Metal Confirms Cooke Satellite Pit Upside With 32 g/t Gold Hit Amidst Fully Funded 2026 Plan

Drill Results