Palisades Holds Positions in 65 Copper Equities

Palisades Goldcorp could be aptly called Palisades Coppercorp. Since 2024, Palisades has financed 65 copper and copper-related explorers and developers, deploying $61 million into the sector well before copper prices moved. Today we want to show you four of those positions in detail.

Copper Giant Resources Corp. (TSX-V: CGNT), Gunnison Copper Corp. (TSX: GCU), Panoro Minerals Ltd. (TSX-V: PML) and DLP Resources Inc. (TSX-V: DLP) have each appreciated between 27% and 68% month-to-date through August 26. Copper’s rally has lifted all four, but the more durable driver is what is happening on the ground at each project.

Palisades holds warrant positions in all four names:

Copper Giant closed a C$31 million strategic financing on August 21, led by Denarius Metals Corp. (Cboe: DMET), alongside a ten-year offtake agreement with Trafigura covering 20% of future copper and molybdenum concentrate production. The capital funds work at Mocoa — a 12.7 billion pound copper-equivalent inferred resource — beyond the Preliminary Economic Assessment now underway and toward a construction decision.

Gunnison Copper is ramping its Johnson Camp mine in Arizona toward commercial production, expected in Q3 2026, with nameplate rates of up to 25 million pounds of finished copper cathode annually targeted by year-end. The asset is fully funded by Nuton LLC, a Rio Tinto Venture. In parallel, Gunnison is drilling to expand the resource at its flagship Gunnison Copper Project, which the company reports as 846 million measured and indicated tons at 0.33% copper, containing 5.19 billion pounds — comprising 192 million measured tons at 0.37% and 655 million indicated tons at 0.31%.

Panoro Minerals has expanded its 2026 drill program at its 100%-owned Cotabambas copper-gold-silver project in Peru to 45,000 metres, with a target of five rigs turning by the end of Q3. The program is aimed squarely at growing the higher-grade component of the resource.

DLP Resources recently earned 100% ownership of its Aurora porphyry copper-molybdenum project and is advancing toward a maiden drill program at Esperanza.

The Bigger Picture

Copper is in a structural deficit, and that deficit widens every year mine development fails to keep pace with demand. The scale of the problem is only now beginning to attract broad attention.

As the supply gap becomes harder to ignore, junior copper companies with real deposits, in established jurisdictions, on credible paths to production are where the asymmetry lives. Palisades built these positions ahead of that recognition — and built them with warrants, which is why a move in the underlying equities translates into outsized leverage at the Palisades level.

We will continue to keep you informed as developments unfold across our holdings.

Sincerely,

The Palisades Team