Copper Giant Resources (TSXV: CGNT) owns Mocoa in Putumayo, one of the largest undeveloped copper-molybdenum porphyry deposits in the Americas, and has a first PEA due by the end of November 2026. Copper Giant stock now has a strategic shareholder in Denarius Metals and an offtake agreement with Trafigura, so the open question is whether the economics will match the deposit’s size.
Copper Giant at a glance
| Project | Department | Commodity | Stage | Ownership |
|---|---|---|---|---|
| Mocoa | Putumayo | copper, molybdenum | resource defined; PEA in progress | 100% (via Libero Cobre Ltd.); 2% NSR to B2Gold and 1% NSR retained by AngloGold Ashanti |
| Chaparral (Block 39) | Tolima | copper, molybdenum (porphyry target) | early exploration (technical evaluation stage) | 100% via Libero Cobre Ltd. (special exploration and exploitation contract with the ANM) |
| Share price / market cap | C$0.91 close on Oct 26, 2026 (Mugglehead); about C$235–240 million at that price on ~260–262M shares (illustrative); refresh at publication |
| Shares outstanding | About 260.7–262.5 million after the Aug 21, 2026 placement (implied from filings; see verify notes) |
| Cash | C$16.8 million at June 30, 2026, before the C$31.0 million gross placement closed Aug 21, 2026 |
| Major shareholders | Denarius Metals 15.34% (40.0M shares); Frank Giustra 12.06% non-diluted / 15.55% partially diluted (Aug 21, 2026) |
| Offtake | Trafigura: right and obligation to buy 20% of Mocoa copper and molybdenum concentrate for 10 years from commercial production |
| Resource (Mocoa) | Indicated 290 Mt at 0.54% CuEq; Inferred 1.60 Bt at 0.40% CuEq (NI 43-101, effective Sept 24, 2026) |
| Next milestone | PEA technical report expected by end of November 2026 |
About Copper Giant
Copper Giant, formerly Libero Copper & Gold and part of Frank Giustra’s Fiore Group, is a Vancouver-based explorer focused on southern Colombia. Its core asset is the 100%-owned Mocoa copper-molybdenum porphyry, about 10 km from the town of Mocoa in Putumayo. A porphyry is a large, usually low-grade deposit formed around an intrusion of magma. The company acquired Mocoa from B2Gold in 2018.
Mocoa sits in Colombia’s Jurassic porphyry belt, where Copper Giant holds more than 128,300 hectares of district-scale tenure. That includes the Cauca (Santa Rosa) applications next to Mocoa and the La Estrella target about 1.5 km to the south. In October 2026 it added Chaparral Block 39 in Tolima through the national copper tender run by the National Mining Agency (ANM).
2026 was a year of corporate de-risking. In April, the ANM approved merging Mocoa’s two titles into one concession with no forest-reserve overlap. In August, the company closed a C$31 million placement led by Denarius Metals and granted Trafigura offtake rights. In October, it published an updated resource with a first Indicated category.
Next is a preliminary economic assessment (PEA, an early-stage study of possible mine economics). CEO Ian Harris has said it will look at a phased build that adds identical processing lines over time to keep initial capital lower.
Copper Giant’s Colombian projects
Mocoa
Mocoa is a bulk-tonnage porphyry in the foothills between the Andes and the Amazon, about 10 km from the town of Mocoa. It was discovered decades ago and later held by B2Gold, which sold it to the company in 2018. In April 2026, the ANM approved merging titles FJT-131 and FJT-141 into one concession, which reset the term to a new exploration stage. The company says the resource pit shell and underground shapes lie entirely outside any forestry reserve and outside any community.
The October 14, 2026 estimate added 8,546 m of drilling and introduced a first Indicated category. Total contained copper rose about 50% from November 2025, but the two estimates use different assumptions and are not directly comparable. The Inferred grade fell as tonnage grew. Copper equivalent (CuEq) is copper grade plus 5.383 times the molybdenum grade, using US$4.75/lb copper and US$25/lb molybdenum.
Drilling after the cut-off continues to find higher-grade zones. Hole MD-074 returned 135 m at 1.60% CuEq (1.02% Cu, 0.107% Mo) within 724 m at 0.78% CuEq. It is the company’s best interval over 100 m at Mocoa and the fourth hole above 1% CuEq in the higher-grade zone. Assays are pending from four holes, including two at La Estrella. Metallurgical testwork for the PEA is under way.
Resources: Indicated (in pit, 0.15% CuEq cut-off) 290 Mt at 0.54% CuEq (0.33% Cu, 0.038% Mo) for 2.13 Blb Cu and 0.24 Blb Mo; Inferred total 1.60 Bt at 0.40% CuEq (0.27% Cu, 0.025% Mo) for 9.36 Blb Cu and 0.89 Blb Mo, made up of 1.48 Bt in pit at 0.40% CuEq (0.15% cut-off) and 0.12 Bt below pit at 0.48% CuEq (0.408% cut-off). NI 43-101, effective Sept 24, 2026; independent QP Warren Black, P.Geo. (APEX Geoscience). No reserves.
Chaparral (Block 39)
Block 39 covers 1,614.73 hectares in the municipality of Chaparral, Tolima, on the eastern flank of the Central Cordillera about 85 km from Ibagué. It was awarded on August 24, 2026 in Colombia’s first national strategic-minerals tender, and the contract was signed October 9, 2026. Five companies signed contracts in the tender, including Zijin’s South American subsidiary and a unit of Mineros.
The contract starts with a one-year technical evaluation stage, which can be extended by a year, and the company can exit without penalty before exploration. There is no acquisition payment. If the block reaches production, it would owe extra economic (1.5%) and social (2.0%) considerations on top of royalties. Government survey data show copper and molybdenum anomalies and porphyry-style alteration over the Ibagué Batholith. The company has not explored the block yet and says Mocoa remains its priority.
Resources: No mineral resource yet.
Latest Copper Giant news
- Oct 27, 2026: MD-074 intersected 135 m at 1.60% CuEq within 724 m at 0.78% CuEq at Mocoa. The hole was drilled after the resource cut-off. (Copper Giant Intersects 135 Metres of 1.60% CuEq at Mocoa (Newswire.ca))
- Oct 26, 2026: Subsidiary Libero Cobre signed an ANM contract for Chaparral Block 39 (1,614.73 ha) in Tolima. It is one of five companies holding contracts from the national tender. (Copper Giant Signs Strategic Mining Area Contract with Colombia’s National Mining Agency (Newswire.ca))
- Oct 23, 2026: CEO Ian Harris outlined a phased build of identical processing lines, with stages from 30,000 to 180,000 t/d discussed, ahead of the PEA. The article is sponsored content. (Kitco: Copper Giant plans phased Mocoa build as first PEA nears)
- Oct 14, 2026: Updated Mocoa resource: 290 Mt Indicated at 0.54% CuEq and 1.60 Bt Inferred at 0.40% CuEq, about 11.5 Blb of contained copper in total. (Copper Giant Expands Mocoa to 1.6 Billion Tonnes Inferred (Mining Stock Education))
- Aug 21, 2026: Closed a C$31.0 million placement at C$0.72. Denarius took 15.34%, and Denarius, Giustra and Harris agreed to two-year lock-ups. (Copper Giant Announces Closing of C$31 Million Strategic Financing (Placera))
- Apr 28, 2026: The ANM approved merging Mocoa’s titles into one concession with no forest-reserve or protected-area overlap, and a third drill rig began operating. (Copper Giant Secures Long-Term Development Framework at Mocoa (Placera))
Upcoming catalysts
- NI 43-101 technical report with the first PEA (company: by end of November 2026)
- Assays from MD-072 and MD-077 (La Estrella), MD-078 and MD-079
- Further resource update incorporating ~10,000 m drilled after the Sept 2026 cut-off (timing not given)
- Pre-feasibility study work and Indicated conversion (CEO interview, Oct 2026)
- First fieldwork at Chaparral Block 39 under the ANM technical evaluation stage
Management
- Ian Harris, President and CEO
- Edwin Naranjo Sierra, VP Exploration. Company QP (not independent)
- Tetiana Konstantynivska, VP Investor Relations
- Jay Sujir, Director
- Frank Giustra, Major shareholder (Fiore Group). Not a named officer in sources reviewed
Key risks for Copper Giant stock
- Low grade and large scale: economics depend on throughput, strip ratio, molybdenum credits and very large capital, which the PEA has not yet shown
- Most of the resource (1.60 Bt) is Inferred, and a PEA can include Inferred material that may never be upgraded
- Location: Putumayo has a history of armed-group presence, limited infrastructure, and a sensitive environmental setting between the Andes and the Amazon
- Financing: building any phase will need capital far above today’s market value; Trafigura’s offtake does not include project funding
- Copper and molybdenum price sensitivity, with CuEq based on US$4.75/lb Cu and US$25/lb Mo
Sources
- Copper Giant Intersects 135 Metres of 1.60% CuEq Within 724 Metres of 0.78% CuEq at Mocoa (Newswire.ca) (Oct 27, 2026)
- Mugglehead: Copper Giant Resources drills 135m at 1.60% CuEq (Oct 27, 2026)
- Copper Giant Signs Strategic Mining Area Contract with Colombia’s National Mining Agency (Newswire.ca) (Oct 26, 2026)
- Canadian Mining Journal: Local miner outbids Freeport for Colombia exploration (Oct 26, 2026)
- Kitco: Copper Giant plans phased Mocoa build as first PEA nears (sponsored) (Oct 23, 2026)
- Kitco: Copper Giant says Mocoa has the scale, now it needs the mine plan (Ian Harris video) (Oct 14, 2026)
- Copper Giant Expands Mocoa to 1.6 Billion Tonnes Inferred and Upgrades 290 Million Tonnes to Indicated (Mining Stock Education) (Oct 14, 2026)
- Copper Giant Resources: company website (news list, tickers, HQ) (Nov 4, 2026)
- Copper Giant interim financial statements, six months ended June 30, 2026 (OTC Markets) (Aug 28, 2026)
- Copper Giant Announces Closing of C$31 Million Strategic Financing (Placera) (Aug 21, 2026)
- Denarius Metals announces private placement and strategic investment in Copper Giant (Aug 6, 2026)
- Copper Giant Secures Long-Term Development Framework at Mocoa (Placera) (Apr 28, 2026)
Related: Colombian stocks · Companies & Projects tracker · Colombian exploration companies
Educational information only, not investment advice. Figures are from the sources listed and dated; check the company’s latest filings before relying on them. See our Disclosure & Editorial Policy.