Pecoy Copper Consolidates Ownership of Pecoy Cu-Au-Mo Project
Pecoy Copper Corp., a newly formed Canadian mining company listed on the TSX Venture Exchange, has completed the consolidation of 100% ownership of the Pecoy copper-gold-molybdenum project in southern Peru through the acquisition of mineral concession interests from Pembrook Copper Corp. and other vendors, raising gross proceeds of C$63.5 million.
The Pecoy Project is one of the world's largest undeveloped Cu-Au-Mo porphyry deposits, with an Inferred Mineral Resource of approximately 865 million tonnes containing an estimated 6.5 billion pounds of copper. Located in the Southern Peru Porphyry Copper Belt — a district that includes world-class deposits such as Cerro Verde and Quellaveco — the project benefits from over US$65 million in prior investment, active drill permits, a 30-year community access agreement, and proximity to established infrastructure.
The transaction consolidates previously fractured ownership of the deposit under a single entity for the first time, positioning Pecoy Copper to advance exploration drilling, engineering studies, and a Preliminary Economic Assessment.
Morrison Park Advisors – IMAP Canada acted as exclusive financial advisor to Pembrook Copper Corp. on the transaction.
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