Best Junior Copper Stocks on the TSXV

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Copper started the year by rallying to a 10 year high as expected demand on the back of economies reopening pushed prices higher.

Prices traded above the US$9,000 per tonne mark, but have retreated to below that threshold. Despite the pullback, copper gained over 23 percent during the first three months of the year.

In Q1, some TSXV-listed companies focused on the red metal also made gains. Read on to see which junior copper stocks have increased the most so far in 2021.

This list was generated on April 5, 2021, using TradingView’s stock screener. Only companies with market capitalizations greater than C$10 million at that time are included.

1. Camino Minerals (TSXV:COR)

Year-to-date gain: 170 percent; current share price: C$0.27

Discovery and development-stage copper exploration company Camino Minerals is focused on advancing its high-grade Los Chapitos copper project located in Peru towards potential resource delineation and new discoveries. In addition, the company has commenced field studies at its copper-silver Plata Dorada project.

During Q1, Camino released drilling results for its Los Chapitos and Plata Dorada projects. In March, just before the end of the quarter, the company purchased the Maria Cecilia porphyry complex in Peru as part of an investment collaboration with Denham Capital.

2. Azarga Metals (TSXV:AZR)

Year-to-date gain: 100 percent; current share price: C$0.12

Azarga Metals owns 100 percent of the Unkur copper-silver project in the Zabaikalsky administrative region in Eastern Russia. On completion of a first phase physical exploration program from 2016 to 2018, the company estimated an inferred resource of 62 million tonnes at 0.53 percent copper and 38.6 grams per tonne silver for the project.

In Q1, the company published results from a reconnaissance geochemical exploration program at Unkur and announced that an updated preliminary economic assessment will be prepared for the deposit.

3. Quaterra Resources (TSXV:QTA)

Year-to-date gain: 78.57 percent; current share price: C$0.12

Quaterra Resources is focused on advancing its key copper assets in Yerington, Nevada. The company’s Yerington copper projects include the MacArthur, Yerington and Bear deposits, all owned 100 percent by Singatse Peak Services, a wholly owned subsidiary of Quaterra.

In February, the company entered into a purchase and sale agreement to sell certain primary groundwater rights associated with its copper property to Desert Pearl Farms, a Yerington-based company involved in agriculture in the district, for US$2.91 million.

4. Filo Mining (TSXV:FIL)

Year-to-date gain: 68.39 percent; current share price: C$3.25

A member of the Lundin Group, Filo Mining is focused on advancing its 100 percent owned Filo del Sol copper-gold-silver deposit located in Chile’s Region III and adjacent San Juan Province, Argentina.

In March, the company released its 2020 results, showing a net loss of $18.9 million. Filo’s 2020 to 2021 field program is currently ongoing and is scheduled to continue through April of this year, subject to weather and the company’s ongoing ability to operate safely in accordance with its COVID-19 protocols.

5. Highland Copper (TSXV:HI)

Year-to-date gain: 63.64 percent; current share price: C$0.09

Highland Copper has all its efforts on exploring and developing copper projects in the Upper Peninsula of Michigan, US. Highland’s flagship project is the 100 percent owned Copperwood project for which Highland has completed a feasibility study. The company also owns the UPX property and has entered into an agreement to acquire the White Pine project.

The only company news in Q1 came early in January, when Highland Copper announced an extension to its deadline to complete the acquisition of the White Pine North project from Copper Range Company, a wholly owned subsidiary of First Quantum Minerals (TSX:FM,OTC Pink:FQVLF).

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Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: Camino Minerals and Azarga Metals are clients of the Investing News Network. This article is not paid-for content.