Gunnison Copper Expands Johnson Camp Mine Plan with Nuton Agreement
Gunnison Copper Corp has reached an agreement with Rio Tinto-backed Nuton LLC to expand the Stage 2 mine plan at its Johnson Camp Mine in Arizona. As part of this deal, Gunnison will receive a US$8 million payment from Nuton for adding approximately three million tons of mineralized material to be mined between 2027 and 2029. The expanded mine plan is expected to preserve operational continuity at the site while supporting workforce retention. The company emphasized that this move enhances project value, strengthens long-term prospects, and aligns with its mission to supply pure American copper from Southern Arizona. Gunnison also announced it will not pursue Department of Energy 48C Tax Credits awarded in January 2025 but remains open to other U.S. federal tax incentives. The Johnson Camp Mine is now fully funded by Nuton and has a production capacity of up to 25 million pounds of copper cathode annually. Gunnison expects the $8 million payment from Nuton during Q4 2026.
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Topics: copper production mining partnership agreement project expansion