Fresh Test Work Planned as Copper, Silver, and Gold Hit Record Territory

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1. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

Giant Mining Corp. (CSE: BFG; OTC:BFGFF; FWB:YW5) announced plans to initiate additional metallurgical test work at its Majuba Hill copper-silver-gold project in Pershing County, Nevada. The company stated that the upcoming program will expand on historical studies and assess metal recovery methods across oxide, transition, and sulphide zones within the porphyry system. Nevada ranked second globally for investment attractiveness in the Fraser Institute’s 2024 Annual Survey of Mining Companies, reinforcing its reputation as one of the most favorable jurisdictions for mining.

The work aims to provide updated data on copper, silver, and gold recoveries to support future exploration and potential economic studies. According to the company, "Updating this work is the natural next step as we advance Majuba Hill."

Majuba Hill has previously yielded high-grade copper and silver intervals from historical drilling. One example is hole MHB-30, which returned 74 feet averaging 2.6% copper and 30.1 grams per tonne silver, within a broader interval of 218 feet grading 1.35% copper and 73.4 grams per tonne silver.

Earlier metallurgical studies provided initial guidance on leach and flotation recovery potential. A 2012 acid vs. cyanide leach study reported adjusted copper recovery estimates of approximately 60% for low-grade and 70% for mid-grade material. A 2013 composite leach test yielded copper extraction rates of up to 84.6% over 14 days using sulfuric acid. Flotation work completed in 2017 showed silver recoveries ranging from 44.5% to 74.9%, depending on reagent concentration and pH levels.

Giant Mining noted that the historical test work predates its involvement in the project and was not conducted under modern quality assurance and control standards. As such, the company is treating the data as a guide for current and future programs.

RESPEC Company LLC is currently refining the project's geological model and incorporating silver assay data. Giant intends to evaluate multi-stage processing options, including heap leach, vat leaching, and flotation, while also examining downstream silver and gold recovery circuits.

The announcement follows a period of historically high prices across all three metals present at Majuba Hill. As of early December 2025, copper was trading around US$5.21 per pound after reaching a record high of US$5.94 in July. Silver and gold have also reached all-time highs in recent months, with silver priced at approximately US$57.65 per ounce and gold near US$4,216 per ounce.

Sector Tailwinds Across Three Metals

Copper, gold, and silver are currently benefiting from a confluence of technical momentum and structural demand drivers. Recent price moves and sector commentary suggest that all three metals are drawing renewed attention from both institutional and retail investors.

In the copper market, Bloomberg reported on November 30 that the metal reached a new record high on the London Metal Exchange, climbing as much as 1.3% to US$11,334 per ton. The article tied the move to growing concerns over a global supply shortfall, as miners struggle to meet demand amid accelerated shipments to the United States in anticipation of potential tariffs. This tightness in supply, coupled with copper's essential role in infrastructure, electric vehicles, and power grids, has amplified focus on copper-focused exploration and development projects.

Silver is also undergoing a shift in market perception. According to WRAL News, demand for the metal has surged due to its increasing use in clean energy applications, especially solar panels and electric vehicles. With unmatched electrical conductivity and thermal efficiency, silver is now regarded as a key green technology input. WRAL estimated that solar-sector demand alone could exceed 270 million ounces annually by 2030. This evolving use case has propelled prices to record levels and reframed silver's role from a traditional store of value to a strategic industrial commodity.

On the gold front, Stewart Thomson noted on December 2 that the metal remains in a technically strong position, trading approximately US$200 below its all-time high near US$4,380 per ounce. He described the current range as attractive from a profit-taking standpoint and pointed to new buy signals in gold mining equities. Thomson also highlighted that junior mining stocks across the gold and silver space were showing relative strength, reinforcing broader sentiment trends favoring the sector.

Refining a Polymetallic Profile in a Top Mining Jurisdiction

Giant Mining is positioning Majuba Hill as a copper-focused project with meaningful silver and gold components. The company has completed multi-year drill campaigns at the site, including 2025's Phase 1 core drilling, which delivered 5,484.5 feet across five holes. One of the holes, MHB-36, was designed using artificial intelligence to target a high-resistivity zone and intersected vein-hosted chalcopyrite starting at 650 feet.

The project benefits from its location in Nevada, which ranks among the top global mining jurisdictions. According to the company's investor presentation, the Majuba Hill property spans 9,684 acres and includes 403 federal lode claims. Infrastructure includes nearby powerlines, water access, and proximity to major mining centers such as Winnemucca and Reno.

Historic production at Majuba Hill includes 2.8 million pounds of copper, 184,000 ounces of silver, and 5,800 ounces of gold, extracted from underground workings dating back to the early 20th century. Recent drill work, geological modeling, and the upcoming metallurgical test program are intended to support resource delineation and inform future technical studies.

Giant Mining also holds a 20% interest in the Friday Gold Project in Idaho. However, the company's primary focus remains on advancing Majuba Hill through data-driven exploration and metallurgical validation within a jurisdiction known for strong permitting frameworks and established mining infrastructure. 

Ownership and Share Structure ¹

Approximately 15.1% of its shares are held by insiders. The remaining shares are held by retail investors.  Giant Mining Corp. has a market capitalization of approximately CA$24.6 million.  

Giant has 94.85 million shares outstanding and a 52-week range of US$0.0850 – US$0.4104.