Arizona Sonoran Copper Company Inc. (TSX:ASCU) (OTCQX:ASCUF) Secures C$5.8 Million from Hudbay Minerals Through Private Placement

Shares of Arizona Sonoran Copper Company Inc. (TSX:ASCU) (OTCQX:ASCUF) would be on the radar after releasing an important update.

Arizona Sonoran Closes C$5.8 Million Private Placement with Hudbay Minerals

US-based copper development firm Arizona Sonoran Copper Company Inc. (TSX:ASCU) (OTCQX:ASCUF), which is engaged in advancing the Cactus Project in Arizona, has successfully closed a C$5.8 million non-brokered private placement with Hudbay Minerals Inc. The investment stems from Hudbay’s decision to exercise its pre-emptive rights under the existing Investor Rights Agreement dated January 31, 2025, in connection with ASCU’s previously announced C$51.75 million bought deal public offering.

Hudbay subscribed for 2,907,612 common shares at C$2.00 per share, maintaining its 9.9% ownership stake in the company and generating C$5,815,224 in gross proceeds. With this transaction complete, ASCU now holds approximately US$61.7 million in cash and has 177,569,382 common shares outstanding.

George Ogilvie, president and CEO of ASCU, welcomed the investment as a strong endorsement of the Cactus Project. He highlighted that Hudbay’s participation reinforces market confidence as ASCU transitions from its 2024 Preliminary Economic Assessment (PEA) to a pre-feasibility study. The company continues to make strides toward a potential Final Investment Decision by Q4 2026.

Ogilvie added that the company’s work in 2025—including engineering, metallurgy, drilling, and cost-reduction strategies—has significantly de-risked the project and positioned it for long-term success. ASCU expressed appreciation to all shareholders for their continued support as it advances toward copper production.

ASCU contains a large-scale porphyry copper resource and is looking for a generational open-pit copper mine with solid returns.

Technicals

+/- EMA(20)1.65 (+6.67%)
+/- SMA(50)1.54 (+14.29%)
+/- SMA(200)1.29 (+36.43%)
5-Day Perf.+6.09%
1-Month Perf.+12.82%
3-Month Perf.+16.94%
6-Month Perf.+62.21%
YTD Perf.+74.26%
1-Year Perf.+77.6%
RSI(14)62.96
ATR(14)0.08
ADX(14)27.09