C3 Metals has raised CDN$28 million. This capital injection fuels its ambitious copper-gold exploration efforts. The company announced this significant financing on February 13, 2026. It marks a major step for C3 Metals.
Financing Details and Investor Confidence
The financing was a bought-deal private placement. C3 Metals sold 25.45 million shares. The price was CDN$1.10 per share. Paradigm Capital led the syndicate of underwriters. ATB Cormark, Canaccord Genuity, and BMO Nesbitt Burns also participated. This is the third consecutive capital raise for the company. Earlier placements generated CDN$20 million and CDN$24 million. These successive financings show sustained investor confidence. The company’s strategy is clearly resonating.
Deepening the Push in Peru
A large portion of the new funds will advance the Khaleesi copper-gold project in Peru. This project is a key focus for C3 Metals. Recent drilling results from Khaleesi are very promising. The second drill hole intersected 51.1 meters. It graded 0.54% copper and 0.31 g/t gold. This equals 0.86% copper equivalent. A higher-grade zone within this interval yielded 18.0 meters. It averaged 1.08% copper and 0.76 g/t gold. This equates to 1.85% copper equivalent. The first drill hole also showed strong results. It intersected 269 meters at 0.30% copper. This included 60.4 meters at 0.41% copper. These findings confirm mineralization extends under glacial till. Peru is a world-class copper-gold district. C3 Metals controls significant land here. The Jasperoide project is also in Peru. It is near major deposits like Las Bambas.
Expanding Operations in Jamaica
A portion of the CDN$28 million will support exploration in Jamaica. C3 Metals has a long history in Jamaica. Its roots there date back to 2014. The company then operated as Carube Copper. It began assembling exploration licenses. The Bellas Gate copper-gold project was a key acquisition. This marked the start of modern exploration. It aimed to assess Jamaica’s copper potential. This potential goes beyond its known bauxite industry. C3 Metals has expanded its Jamaican footprint. It now holds thousands of hectares. These include multiple porphyry and epithermal targets. The Super Block project in Clarendon is a focus. This project is held through a joint venture. It was impacted by Hurricane Melissa. Operations temporarily halted. However, C3 Metals restarted exploration in Jamaica by January 2026. The company has a strong presence in Jamaica. It holds 17,855 hectares outright. It also has a 50% stake in another 9,870 hectares. This is through a joint venture. The Jamaican government welcomes new mineral exploration. Mining is the country’s second-largest industry.
Market Context for Copper and Gold
Global demand for copper remains strong. Copper is vital for electrification. It powers renewable energy and electric vehicles. Prices for copper are near multi-year highs. Supply may struggle to meet future demand. Gold prices are also elevated. Geopolitical uncertainty drives demand for safe-haven assets. This strong market outlook supports C3 Metals’ exploration efforts.
Future Outlook
C3 Metals plans to use the funds for exploration. This includes the Khaleesi project in Peru. It will also fund the Super Block project in Jamaica. General working capital is also covered. The company is strategically positioned. It has projects in two key mining jurisdictions. Continued exploration success could unlock significant value. This news is a positive development for the business. The company’s multi-asset approach reduces risk. This financing allows it to advance its goals. Investors are watching C3 Metals closely. The business appears poised for growth. This is a significant step for the company.
This marks a new chapter for C3 Metals. The company is deepening its commitment. It aims to discover valuable copper-gold resources. Jamaica and Peru are central to this mission. The recent financing provides the necessary fuel. C3 Metals is well-positioned for future success. It continues its focused hunt for precious metals.