Gunnison Copper Announces $8M Deal with Nuton for Additional Ore at Johnson Camp Mine
Gunnison Copper has entered into a non-dilutive agreement with Nuton, receiving an $8 million payment in exchange for adding approximately 3 million tons of mineralized material to the Johnson Camp Mine plan. The company will use this funding and Nuton’s sulfide leaching technology within its existing stage two timeline, which ends in mid-2030, to advance its flagship Gunnison Copper project. CEO Craig Hallworth noted that permitting is progressing well, with an updated Mined Land Reclamation Plan submitted for approval. The plan shifts the mine design from in-situ leaching to open pit and heap leach methods. Approval without legal challenges is expected by year-end 2026. Hallworth also mentioned a potential acceleration of project timelines, possibly skipping the pre-feasibility study due to strong existing data. The company emphasized its focus on maximizing incentives for Johnson Camp construction while avoiding overlapping federal benefits and highlighted strategic partnerships supporting an accelerated path forward.
Topics: deal announcement mining permitting progress project development