A Strong Team Pursuing a Major Copper-Polymetallic Discovery

Published: 2/24/2025

Author: FRC Analysts

Thumbnail of the report A Strong Team Pursuing a Major Copper-Polymetallic Discovery

*This report and research coverage is paid for and commissioned by Cupani Metals Corp. - See the bottom of this report for other important disclosures rating, and risk definitions. All figures in C$ unless otherwise specified.

Sector: Basic Materials | Industry: Other Industrial Metals & Mining

Ticker Symbols:CUPA.CN - CNQ 🔹

Rating and Key Data

Metrics	Value
Current Price	CAD $0.16
Fair Value	CAD $0.7
Risk	5
52 Week Range	CAD $0.12-0.25
Shares O/S (M)	119
Market Cap. (M)	CAD $19
Current Yield (%)	N/A
P/E (forward)	N/A
P/B	13

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Report Highlights

Cupani is advancing its 100%-owned Blue Lake copper-nickel-platinum-palladium project in Quebec.
Management and board have extensive experience in the resource sector. Douglas MacQuarrie, a director and industry veteran, recently purchased shares in the open market, acquiring an 18% stake in the company. He founded Asante Gold Corporation (CSE: ASE/MCAP: $511M) in 2011, leading it from explorer to producer, and has been involved in successful deals like PMI Gold (acquired for $180M). CEO Brian Bosse, the largest shareholder with a 31% stake, previously worked as a portfolio manager at Dundee Corporation.

The Blue Lake project hosts massive sulfide mineralization across five major zones spanning over 500 km2 (Blue Lake, Cancun, Anticline Lake, Doublet, and Extension). The Blue Lake zone

Rating and Key Data

Metrics	Value
Current Price	CAD $0.16
Fair Value	CAD $0.7
Risk	5
52 Week Range	CAD $0.12-0.25
Shares O/S (M)	119
Market Cap. (M)	CAD $19
Current Yield (%)	N/A
P/E (forward)	N/A
P/B	13