Overview

C3 Metals Inc. is a mineral exploration company focused on creating substantive value for its shareholders through the discovery and development of large copper and gold deposits.  The Company holds approximately 30,000 hectares located in the prolific high-grade Andahuaylas-Yauri Porphyry-Skarn belt of Southern Peru.  Mineralization at Jasperoide is hosted in a similar geological setting to the nearby major mining operations at Las Bambas (MMG), Constancia (Hudbay) and Antapaccay (Glencore).  At Jasperoide, the Company has identified over 15 skarn prospects and and two porphyry prospects over two parallel 28km belts.  The Company has published a maiden resource estimate on the first of these skarn targets to be systematically drill tested, which contained Measured & Indicated Resources of 52Mt at 0.5% copper and 0.2 g/t gold.

The Company is also actively exploring in Jamaica where it has identified 16 porphyry, 40 epithermal and multiple volcanic redbed copper prospects over a 30km strike extent.  The Company holds a 100% interest in 17,855 hectares of exploration licenses and a 50% interest in 9,870 hectares in a joint venture with Geophsyx Jamaica Ltd, the largest mineral tenure holder in the country.  Of the 17,855 hectares of exploration licenses owned 100%, 13,020 hectares are included in an earn-in agreement with Freeport McMoRan (Freeport) announced February 11, 2025.  Under this earn-in agreement, Freeport has the option to earn up to 75% in the Bellas Gate Project by funding exploration and project related expenditures of up to 75% over nine years.  Barrick Gold Corp. announced on May 1, 2024 that it had entered into an earn-in agreement with Geophysx Jamaica Ltd. on approximately 400,000 hectares of exploration licenses, several of which surround C3 Metals’ mineral concessions.  Mining is currently the second largest industry in Jamaica, and historical mining dates back to the colonial eras of the 1500s (Spanish) and 1800s (British).