New Metallurgical Testing Planned as Metal Prices Break Records

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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) has announced new plans for metallurgical testing at its Majuba Hill copper-silver-gold project in Nevada. The upcoming work is designed to build on older studies and zero in on how well copper, silver, and gold can be recovered from different rock zones — specifically oxide, transition, and sulphide material within the deposit. According to the Fraser Institute's 2024 global mining survey, Nevada was ranked the second most attractive jurisdiction for mining investment, highlighting its stable regulatory and operating environment.

The company says the purpose of the testing is to update recovery data that can support continued exploration and help shape future project decisions. "Updating this work is the natural next step as we advance Majuba Hill," Giant Mining stated in its release.

Drilling at Majuba Hill has already returned high-grade intervals in previous campaigns. Hole MHB-30, for example, cut through 74 feet, averaging 2.6% copper and 30.1 grams per tonne silver — part of a broader 218-foot zone running 1.35% copper and 73.4 grams per tonne silver.

Earlier metallurgical programs offer some context for the new work. In 2012, acid and cyanide leach testing on reverse circulation samples produced estimated copper recovery rates of about 60% for lower-grade material and 70% for mid-grade. A follow-up in 2013 using a composite sample and sulfuric acid reached up to 84.6% copper extraction over two weeks. More test work in 2017 focused on flotation and showed silver recoveries between 44.5% and 74.9%, depending on test conditions.

However, these earlier results were not done under modern QA/QC protocols and were completed before Giant Mining took over the project. The company has emphasized that the data is historical in nature and is being used to guide current decisions, not as a basis for economic evaluation. 

In parallel with the metallurgy work, RESPEC Company LLC is refining the geological model for Majuba Hill and incorporating new silver assay data. Giant Mining plans to explore various recovery methods, including heap leach, flotation, and vat leaching, while also looking into downstream processing options for silver and gold.

The renewed focus on metallurgy comes at a time when prices for all three target metals — copper, silver, and gold — are sitting near all-time highs. In early December 2025, copper was trading around US$5.21 per pound, down slightly from its July record of US$5.94. Silver was hovering at US$57.65 per ounce, and gold remained elevated near US$4,216 per ounce. 

Why These Metals Matter Right Now

The current landscape for copper, silver, and gold is shaped by both market momentum and deeper shifts in global demand. Each metal is being driven by a unique mix of factors, but together, they're creating favorable conditions across the mining sector.

According to Bloomberg, copper prices on the London Metal Exchange surged to US$11,334 per ton on November 30, setting a new record. The spike was linked to worries over global supply shortfalls, as producers raced to ship copper to the U.S. ahead of possible tariffs. Meanwhile, demand from electric vehicles, infrastructure upgrades, and power grids continues to outpace production capacity.

Silver has also taken on a bigger role in the clean energy sector. As WRAL News reported, silver's use in solar panels and EVs is pushing demand to new highs. The metal's unmatched conductivity and thermal efficiency have made it a key part of the global shift toward green energy. WRAL estimates that solar-sector demand alone could top 270 million ounces annually by 2030, further cementing silver's place as an industrial powerhouse, not just a store of value.

Gold has been holding its ground as well. Stewart Thomson noted on December 2 that the metal was trading about US$200 below its all-time high and remains technically strong. He pointed to new buy signals in gold mining stocks and said that junior miners — especially those tied to both gold and silver — were showing particular strength in this market phase.

Majuba Hill Moves Forward With Exploration and Modeling

Giant Mining has been advancing exploration at Majuba Hill for several years and continues to refine its approach. The company's 2025 core drilling program totaled 5,484.5 feet across five holes. Among them was MHB-36, which was guided by AI-driven resistivity modeling and successfully intersected vein-hosted chalcopyrite at around 650 feet.

The property is located in Pershing County, Nevada — one of the world's top-ranked mining jurisdictions. According to Giant Mining's investor presentation, the Majuba Hill project spans 9,684 acres and consists of 403 federal lode claims. It's supported by nearby infrastructure, including electricity, water, and access to mining hubs like Reno and Winnemucca.

Majuba Hill also has a production legacy. Historic underground mining at the site yielded 2.8 million pounds of copper, 184,000 ounces of silver, and 5,800 ounces of gold. The current focus is on expanding the known mineralization and incorporating modern technical data through geology and metallurgy programs.

While Giant Mining holds a 20% stake in the Friday Gold Project in Idaho, its primary attention remains on Majuba Hill and the opportunity to define a multi-metal system within a well-established mining region.

Ownership Snapshot and Share Details

Roughly 15.1% of Giant Mining's shares are held by insiders, while the rest are owned by retail investors. The company's market capitalization is approximately CA$24.6 million.

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