Resolution Copper Awards $110 Million in Contracts to Advance Underground Development in Arizona

Resolution Copper awarded about $110 million in contracts to Major Drilling America Inc. and Redpath USA Corporation. These contracts accelerate exploration and underground infrastructure development at the proposed copper project in Arizona.

Major Early Commitments Under Investment Program

The agreements are part of a $500 million investment program. This program started after the final environmental impact statement, record of decision, and land exchange. The funding drives physical progress on deep-hole drilling and shaft conversion to prepare the ore body for extraction.

Advanced Drilling and Underground Infrastructure

Major Drilling America, based in Salt Lake City, secured contracts for deep-hole directional core drilling. They will drill from the surface and from 6,800 feet underground using high-capacity rigs. Meanwhile, Nevada-based Redpath USA Corporation will execute the first phase of underground development. Their work includes converting deep shafts, establishing mine stations, and procuring specialized mining equipment.

Strengthening Domestic Copper Supply Chains

Market Impact

○ Impacted Metals: Copper, Copper Concentrate

○ Direction: Bullish

○ Time Horizon: Long-term

○ Affected Industries: Copper Mining, Underground Infrastructure, Power Grid, Advanced Manufacturing

○ Related Price Reports: Copper Weekly Price Report

○ Watch Item: Monitor state permitting progress and the advancement of underground drilling milestones over the next six to twelve months.

SuperMetalPrice Commentary:

Advancing large-scale domestic copper projects through substantial early-stage contract awards represents a vital step toward securing long-term raw material supply for electrification and infrastructure buildout.