Coppercore Signs Lease Agreement to Operate Copper Concentration Facility in Colombia
Coppercore has signed a ten-year lease agreement for a copper concentration facility located in the Santa Marta industrial region of Colombia's Magdalena department. The company plans to produce acid-free copper concentrate using an alkaline flotation process, targeting initial production levels of up to 1,000 tonnes per month with staged expansion potential reaching as high as 8,000–10,000 tonnes monthly within a year or two. The facility is expected to generate between 50,000 and 60,000 tonnes of contained copper over the lease term at steady-state production levels. Coppercore aims for full-scale output of up to 300,000 tonnes if operating conditions allow maximum capacity utilization. The company emphasizes sustainable practices by planning renewable energy usage and electric transport solutions. Coppercore's CEO highlighted that regulatory improvements in Colombia have created a more favorable environment for mining operations. Ore will be sourced from authorized small- and mid-sized producers through centralized purchasing agreements, with the first such agreement already signed.
