Arizona Sonoran begins Cactus project financing as PFS nears

Arizona Sonoran Copper Company (TSX: ASCU; OTCQX: ASCUF) is advancing its Cactus Project in Arizona to deliver U.S. copper cathode as policymakers push for more domestic supply. President and CEO George Ogilvie said, “We believe we’re going to have a very robust project based on that,” noting the COMEX–LME arbitrage has faded and the company is using long-term LME pricing assumptions. The pre-feasibility study will be presented to the board this month, with financial details to follow. Project financing is underway with Hannam & Partners, and a data room is scheduled to open to approximately a dozen NDA groups in early October. Regarding the federal backing for U.S. cathode production, he added, “puts a tremendous amount of wind in our sails.” Ogilvie highlighted Cactus as a private-land, brownfield project with permits, water access, strong infrastructure, and copper cathode production using heap leach and SX-EW. Near-term catalysts include a new mineral resource estimate, the PFS release, permit applications early next year, and a goal of obtaining final permits by summer or early fall, alongside a bankable feasibility study and financing through the end of next year, positioning the project for first production within two to three years. Follow Kitco Mining for more coverage from the 2025 The Precious Metals Summit Beaver Creek. Special thanks to our sponsor, Newcore Gold, for making this coverage possible. 👉 Visit https://newcoregold.com to learn more. 00:38 Political and Market Dynamics 02:07 US Copper Supply Challenges 04:35 Project Financing and Strategic Partnerships 08:33 Company Milestones and Achievements 11:27 Future Outlook and Key Catalysts 19:46 Conclusion and Final Thoughts __________________________________________________________________ Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices. Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com Stay connected with us X - https://x.com/KitcoMining Instagram -   / kitcomining   LinkedIn -   / kitco-mining   Facebook -   / kitcomining   Connect with the Kitco Mining anchors Paul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/mining Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.