Copper Giant Resources Corp (TSXV: CGNT) (OTCQB: LBCMF) stock price has risen more than 89% since the end of July 2026, following a four-month slumber. Have investors awakened a sleeping giant?
Copper Giant could be a Goliath in the making. The company is developing its 100% owned Mocoa copper-molybdenum porphyry project in Colombia. An updated resource estimate, released in November, showed an Inferred resource of 12.7 billion pounds copper equivalent, at an average grade of 0.51%, including 7.6 billion pounds of copper at 0.31% copper and 1.0 billion pounds of molybdenum (moly) at 0.039% moly. Molybdenum recently traded near US$42 per pound.
Copper Giant called Mocoa “one of world’s largest undeveloped molybdenum resources.” It acquired the project from B2Gold in 2018.
Copper Giant Resources also has a mining industry ‘giant’ in billionaire Frank Giustra as a financial backer. Giustra recently increased his ownership stake in Copper Giant to 15.55% on a partially diluted basis, up from 13.27% in December, via a non-brokered private placement.
“My continued investment in Copper Giant is driven by the outsized potential I see at Mocoa. Tier-one copper deposits are rare, and the world needs them now more than ever. I’m confident the company is unlocking long-term value for shareholders,” Giustra said in a 2025 statement.
Denarius Metals Corp (Cboe CA: DMET) also subscribed to Copper Giant’s recent financing, investing C$28.8 million to acquire a 15.6% equity interest.
Copper Giant Resources released drill results at the end of July, which included 584 metres of continuous mineralization grading 0.73% copper equivalent. The results were well above the current resource estimate average of 0.51% copper equivalent. It also exceeded the resource model that is used for the upcoming Preliminary Economic Assessment (PEA), which is expected by the end of 2026.
Copper Giant Resources has a market cap of about C$380 million based on its recent closing stock price of $1.42 per share. Investor2M first wrote about this company in late February 2026, when the stock price was $0.80 per share.
Read more about Copper Giant Resources here
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