Copper Explorer Discovers Breakthrough in Nevada Project

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* Disclosure for the quote from the Clive Maund article published on May 2, 2025

1. For the quoted article (published on May 2, 2025), the Company has paid Street Smart, an affiliate of Streetwise Reports, US$1,500.
2. Author Certification and Compensation: [Clive Maund of clivemaund.com] is being compensated as an independent contractor by Street Smart, an affiliate of Streetwise Reports, for writing the article quoted. Maund received his UK Technical Analysts’ Diploma in 1989.  The recommendations and opinions expressed in the article accurately reflect the personal, independent, and objective views of the author regarding any and all of the designated securities discussed. No part of the compensation received by the author was, is, or will be directly or indirectly related to the specific recommendations or views expressed

Clivemaund.com Disclosures

The quoted article represents the opinion and analysis of Mr. Maund, based on data available to him, at the time of writing. Mr. Maund's opinions are his own, and are not a recommendation or an offer to buy or sell securities. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund's opinions on the market and stocks cannot be  only be construed as a recommendation or solicitation to buy and sell securities.

Giant Mining Corp. (CSE: BFG; OTC:BFGFF; FWB:YW5) has concluded Phase 1 of its 2025 spring diamond core drilling program at the Majuba Hill Copper-Silver-Gold Project in Nevada. The company drilled a total of 5,484.5 feet (1,671.68 meters) across five holes (MHB-32 through MHB-36) as it works toward a National Instrument 43-101-compliant Mineral Resource Estimate. All core samples were logged, sawn, and submitted to ALS Global Services, with final assaying to be conducted in Vancouver, British Columbia.

In the news release, CEO David Greenway described the campaign as the company's "most exciting and technically ambitious to date," noting that AI-assisted modeling prompted the addition of a fifth hole. That hole, MHB-36, was designed using proprietary technology from Exploration Technologies and intersected mineralization consistent with predicted sulfide zones, potentially extending the known mineral footprint. According to Greenway, "MHB-33 was drilled to a depth of 1,963 feet and encountered significant native copper, expanding our understanding of the scale and potential of the Majuba Hill Copper-Silver-Gold system."

Drill highlights included visible copper-bearing minerals such as azurite, malachite, and chalcocite in MHB-32, while MHB-34 intersected native copper and cuprite at depth. The AI-predicted MHB-36 showed disseminated and vein-hosted chalcopyrite mineralization starting at 650 feet and continuing intermittently beyond 905 feet. Giant Mining has drilled 89,395 feet (27,247.5 meters) at Majuba Hill to date.

Located in Pershing County, Nevada, a jurisdiction ranked first globally for mining investment attractiveness by the Fraser Institute, the Majuba Hill project spans 9,684 acres. The site benefits from established infrastructure including road access, nearby power and water, and proximity to mining centers in Winnemucca, Elko, and Reno. Historical production from the site includes 2.8 million pounds of copper, 184,000 ounces of silver, and 5,800 ounces of gold. The estimated replacement value of drilling conducted at the site to date is approximately US$12.1 million.

Giant Mining noted that its 2025 drill campaign remains fully funded.

Giant Mining Corp. has received approval from the Canadian Securities Exchange to list, as a supplemental listing on the CSE, an aggregate of 6,375,000 common share purchase warrants of the company issued in connection with the first tranche of the company's non-brokered private placement of units, which was completed on Jan. 14, 2025. The warrants will commence trading on the CSE under the symbol BFG.WT.B at the open of the markets on May 22, 2025.

Copper Sector Strained by Supply Risks, Trade Tensions, and Investment Gaps

The physical copper market has experienced volatility stemming from trade policy expectations. In a May 16 analysis, Reuters columnist Andy Home reported that the United States' proposed Section 232 tariff on copper imports led to a surge in shipments to U.S. ports, significantly increasing inventories. According to Morgan Stanley analysts cited in the article, weekly imports of refined copper into the U.S. rose to 40,000 tons from a previous average of 14,000 tons. As a result, inventories in CME warehouses reached 152,919 metric tons, an eight-year high.

The flood of incoming metal narrowed the arbitrage between CME and London Metal Exchange (LME) copper prices, with the premium falling from US$1,600 to US$600 per metric ton over three weeks. At the same time, LME warehouse stocks dropped to a one-year low, with most remaining inventory composed of non-deliverable brands. Shanghai Futures Exchange copper inventories also fell sharply, declining from 268,337 tons to 108,142 tons.

According to the International Energy Agency's Global Critical Minerals Outlook, published May 21, global copper demand was projected to increase by about 25% by 2040, driven by the electrification of energy grids, clean technology development, and infrastructure expansion. However, the IEA warned that copper supply could fall short of demand by 30% by 2035, with the deficit potentially widening to 40% in a net zero scenario. The report cited a decline in average ore grades, which have dropped 40% over the past 25 years, along with long development timelines and reduced exploration investment.

In a separate statement quoted by The Guardian on the same day, IEA executive director Fatih Birol said, "This will be a major challenge. It's time to sound the alarm." He emphasized that it takes an average of 17 years for copper projects to progress from discovery to production and called for immediate global action to develop new supply chains, expand recycling, and promote material substitution. Birol stated, "Diversification is key," urging industrialized nations to strengthen refining capabilities and partner with resource-rich regions.

Refined copper production has become increasingly concentrated in China, which accounted for 45% of global output last year. The IEA anticipated this share would grow to 50% by 2040. It cautioned that "the lack of diversification for copper refining also presents supply security risks in the future." According to the report, such concentration, combined with recent trade restrictions, could lead to volatility and disruptions in global supply chains.

The IEA concluded that despite increased attention to copper supply challenges, the pace of progress toward diversification has remained slow. The agency attributed the delay to high costs, economic uncertainty, and underwhelming investment momentum. It recommended stronger public financing frameworks, price stabilization tools, and long-term purchasing agreements to encourage the development of new copper projects and reduce vulnerability to future supply shocks.

What's Next for Giant Mining: Advancing Toward a Resource

Giant Mining's ongoing efforts at Majuba Hill are part of a broader strategy to support rising global copper demand driven by the electric vehicle (EV) and renewable energy sectors. According to the company's May 2025 investor presentation, each EV requires about 183 pounds of copper, and global copper demand is expected to grow steadily through 2035. These fundamentals support the company's continued development of Majuba Hill, which is positioned as a potential contributor to long-term supply.

The recently completed drill program was the first phase of 2025 exploration, with future results intended to support the completion of a Mineral Resource Estimate. The company's use of AI-assisted geophysical modeling, particularly in targeting MHB-36, has introduced new opportunities to identify underexplored extensions of mineralization.

In addition to Majuba Hill, Giant Mining holds a 20% interest in the Friday Gold Project in Idaho's Orogrande Mining District. The Friday asset contains a historical resource estimate of 1.237 million ounces of gold, based on 30,480 meters of prior drilling. The company indicated plans to update this estimate using recent data.

Giant Mining's leadership team, comprised of professionals with expertise in geology, finance, and project development, continues to prioritize asset advancement and technical rigor. The company has also secured funding for its 2025 exploration campaign, providing near-term momentum as it progresses toward resource delineation and potential project development.

Favorable Technical Setup Highlights Giant Mining's Potential

*On May 2, Technical Analyst Clive Maund published a contributed opinion on Streetwise Reports outlining a constructive outlook for Giant Mining Corp. He observed that the company's share price was approaching a historically strong support zone, with levels comparable to cyclical lows recorded in November and December of the previous year. Maund wrote, "It is thus at a very point to buy as it is expected to form a Double Bottom with its November and December lows and reverse to the upside." His analysis was informed by both the company's advancements at the Majuba Hill project and strength in the broader copper sector.

Maund noted that Giant Mining's primary asset, the Majuba Hill Project in northern Nevada, offered exposure not only to copper but also to gold and silver. He pointed out the project's logistical advantages, stating it was well-positioned with existing infrastructure, including road access, electricity, and water, key elements that can contribute to reduced development costs. He also cited historical production from the site, with reported output totaling 2.8 million pounds of copper, 184,000 ounces of silver, and 5,800 ounces of gold from early 20th-century underground operations.

As part of his technical analysis, Maund referenced a five-year stock chart for Giant Mining, highlighting what he described as a "massive volume buildup of recent months." He interpreted this as a positive sign, suggesting that recent trading activity reflected a shift from weaker holders to stronger ones. "The massive volume of recent months indicates a lot of rotation of stock from weaker to stronger hands, which is bullish," he stated. He also pointed to other indicators such as a Saucer bottom pattern and an "oversold" reading on the Relative Strength Index (RSI), both of which he viewed as supportive of a potential reversal.

In his conclusion, Maund reiterated that a combination of technical signals and ongoing progress at Majuba Hill could position the company for upside. While noting prior volatility, he wrote that the stock "now looks like it will make a Double Bottom . . . and if favorable [drill results] they could, of course, get the stock moving higher."

Ownership and Share Structure

According to Giant Mining Corp., approximately 15.1% of its shares are held by insiders. The remaining shares are held by retail investors. 

As of May 21, 2025, Giant Mining Corp. has a market capitalization of approximately CA$18.29 million, based on a closing share price of CA$0.245. 

The company's current share structure includes 74,664,097 shares issued and outstanding, 38,231,865 warrants, 850,000 options, and 2,400,000 restricted share units.

The company's shares are traded on the Canadian Securities Exchange (CSE) under the ticker BFG, on the Deutsche Boerse AG (DB) under the ticker YW5, and on the OTC Pink Sheets in the U.S. under the ticker BFGFF, with these listings active since December 2017.