Gunnison Copper eliminates debt and accelerates Arizona mining projects under new leadership
Gunnison Copper Corp has made significant strides in its operations and financial restructuring. The company recently eliminated all secured debt while advancing key projects in Arizona. New leadership and strategic partnerships are also shaping its future direction. In May, Gunnison Copper appointed Craig Hallworth as its President and CEO. The leadership change came alongside other executive promotions aimed at strengthening the company’s management team.
The firm has cleared its legacy debt entirely, removing all outstanding secured obligations to Nebari. This move leaves Gunnison Copper with a zero balance on its previous secured debt.
A recent Preliminary Economic Assessment for the Gunnison Copper Project highlighted strong financial potential. The study showed an after-tax net present value of US$2.0 billion, a 23% internal rate of return, and a payback period of 3.9 years.
Meanwhile, the company is pushing forward with permit amendments for open-pit development at the Gunnison Project. All key state permits are expected by the first half of 2028. A Pre-Feasibility Study (PFS) is also underway, with final results targeted for the same period. The project’s main pit holds a Measured and Indicated Mineral Resource of over 846 million tons, grading at 0.33% copper.
Gunnison Copper has also secured a US$13.9 million tax credit under the 48C programme, which it plans to monetise by mid-2026. Additionally, the company announced a collaboration with Rio Tinto and Amazon Web Services to implement Nuton technology at its Johnson Camp Mine. This mine is on track to reach full production capacity by the end of the year.
Former shareholder Greenstone Resources has exited its equity position in Gunnison Copper. The shares were sold in block transactions to new institutional investors. With debt eliminated, new leadership in place, and key projects advancing, Gunnison Copper is positioning itself for growth. The company’s focus remains on securing permits, optimising production, and leveraging strategic partnerships. Financial incentives and technological collaborations are set to support its expansion plans in the coming years.
