Arizona Sonoran Appoints Hannam & Partners for Cactus Project Financing

The latest announcement is out from Arizona Sonoran Copper Co. ( (TSE:ASCU) ).

Arizona Sonoran Copper Company has appointed Hannam & Partners as the project finance advisor for its Cactus Project, a copper cathode development in Arizona. This strategic move aims to secure financing for the project’s advancement, with the pre-feasibility study expected to complete in the second half of 2025 and the definitive feasibility study by the second half of 2026. The project is poised to significantly contribute to the US copper supply chain, addressing the growing demand for copper, with production anticipated to begin in late 2028 or 2029.

The most recent analyst rating on (TSE:ASCU) stock is a Buy with a C$3.00 price target. To see the full list of analyst forecasts on Arizona Sonoran Copper Co. stock, see the TSE:ASCU Stock Forecast page.

Spark’s Take on TSE:ASCU Stock

According to Spark, TipRanks’ AI Analyst, TSE:ASCU is a Neutral.

Arizona Sonoran Copper Co., Inc. has promising project developments and strategic investments supporting its future potential, reflected in a strong corporate events score. However, the lack of revenue, persistent losses, and negative cash flows weigh heavily on its financial performance score. Technical indicators show positive momentum, but valuation concerns remain due to ongoing losses and no dividend yield.

To see Spark’s full report on TSE:ASCU stock, click here.

More about Arizona Sonoran Copper Co.

Arizona Sonoran Copper Company is a copper exploration and development company with a 100% interest in the Cactus Project, located on privately held land in Arizona. The project is a large-scale porphyry copper resource with a focus on developing a generational open pit copper mine, benefiting from a State-led permitting process.

Average Trading Volume: 167,249

Technical Sentiment Signal: Buy

Current Market Cap: C$310.7M

For detailed information about ASCU stock, go to TipRanks’ Stock Analysis page.