XXIX Metal Corp.
XXIX Metal Corp. (renamed from QC Copper and Gold Inc.; OTC ticker still QCCUF) is advancing the Opemiska copper-gold-silver project in Quebec, following an Oct 2025 PEA estimating a C$505 million NPV. Cash of C$19.98 million, cross-verified across sources; debt-free.
Notable vs. Peers
- Financials score of 8.9/10 is stronger than the peer average of 5.5/10.
Lifecycle Milestones
Not yet determined: mill.
Jurisdiction (40%)9/10
Quebec: Fraser PPI 2025 is 79.39 of 100 (rank 23 of 68), which maps to 9 on this site's scale. Quebec, Canada — a top-tier mining jurisdiction.
Infrastructure (40%)8.6/10
Confirmed road access, confirmed grid power, and a confirmed tailings facility at Opemiska Copper-Gold Project, Quebec; existing mill not yet researched, counted at a neutral 5/10 until established.
Nearby producing mine (20%)Not yet researched
No producing mine within 50 km in our reference list (nearest listed: Sleeping Giant (Abcourt Mines Inc.), 244 km). That list doesn't cover every mining district yet, so a longer distance isn't scored as remote.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score:0/10
Nearest producing mine: Sleeping Giant (Abcourt Mines Inc.), 244 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% here - Lifecycle stageSub-score:6/10
Stage: Preliminary Economic Assessment
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 31% here - JurisdictionSub-score:9/10
Canada: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% here - CommoditySub-score:8/10
Primary commodity: Copper
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 9% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
Chief Executive Officer and Director of XXIX Metal Corp. (MBA, MASc, P.Eng) 35 years of experience in strategic and financial planning, project development and M&A. Previously CEO of Aquila Resources and Golden Queen Mining Ltd.; held senior roles at BHP Billiton Base Metals, Rio Algom Ltd and Cambior Inc. Board member of Kintavar Exploration and Sirios Resources. MBA in Finance, HEC Montreal; Master's in Mining Engineering, UBC; B.Sc. in Mining Engineering, Universite Laval.
Chief Financial Officer of American Eagle Gold Corp.; also Chief Financial Officer of Geiger Energy Corp., XXIX Metal Corp., Orecap Invest Corp. and Metal Energy Corp. 13+ years of mining and cannabis finance experience; former CFO of Khiron Life Sciences, VP Finance at CannTrust and Primero Mining, with earlier roles at Banro Corp and IAMGOLD and a start at Deloitte. CPA, CA.
Vice President Exploration of XXIX Metal Corp. (geo.) Member of the Ordre des geologues du Quebec with 25+ years of experience in exploration and mining geology. Bachelor's degree in geology, University of Chicoutimi. Succeeded Charles Beaudry, who remains on the company's board.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Orecap Invest Corp, a publicly traded merchant bank specialising in critical and precious metals investing, became this company's largest shareholder with 15.1% in December 2024, when XXIX acquired Orecap's Cuprum project in an all-share deal. That is a sizeable specialist financier position, even though it arrived as deal consideration rather than a straight cash purchase.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
XXIX Metal, renamed from QC Copper and Gold, is advancing the Opemiska copper-gold-silver project in Quebec. The October 2025 preliminary economic assessment for a 12,500 tpd open pit shows an after-tax NPV8% of US$374.2M (CAD 505.2M) and a 27.2% IRR at US$4.35/lb copper, US$3,000/oz gold and US$30/oz silver, with initial capital of US$457.3M (CAD 617.3M) and a 17-year mine life. The company is advancing Opemiska toward a pre-feasibility study, and in July 2026 it began a 20,000 m maiden drill program at its 100%-owned Thierry copper project near Pickle Lake, Ontario, the first large-scale drilling there in over 40 years.