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Arizona Sonoran Copper Co. ( (TSE:ASCU) ) just unveiled an update.
Arizona Sonoran Copper Company and Nuton LLC, a Rio Tinto venture, have agreed to begin talks in January over an amicable early termination of Nuton’s option to form a joint venture on the Cactus Project, after which Arizona Sonoran intends to continue advancing the asset on a standalone basis. Building on a recently completed positive standalone pre-feasibility study, the company plans to progress a definitive feasibility study targeting completion in the second half of 2026, with a potential final investment decision as early as the fourth quarter of 2026, while simultaneously pursuing permitting amendments, project financing and early development work, underscoring its commitment to independently develop Cactus despite the uncertainty surrounding the Nuton negotiations.
The most recent analyst rating on (TSE:ASCU) stock is a Buy with a C$8.00 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 that owns 100% of the brownfield Cactus Project in Arizona, a large-scale porphyry copper resource on private land. Backed by existing infrastructure, state-led permitting and onsite water access, the company aims to develop Cactus into a generational open-pit copper mine and position itself as a mid-tier copper producer with low operating costs and long-term, sustainable operations for stakeholders.
Average Trading Volume: 415,680
Technical Sentiment Signal: Buy
Current Market Cap: C$1.06B
For a thorough assessment of ASCU stock, go to TipRanks’ Stock Analysis page.