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An announcement from Arizona Sonoran Copper Co. ( (TSE:ASCU) ) is now available.
Arizona Sonoran Copper has launched a fully funded US$75 million work program for 2026, backed by an approximately US$105 million cash balance, to move its Cactus Project toward a final investment decision as early as the fourth quarter of 2026 and keep the project on track for first cathode production in the second half of 2029. The plan centers on completing a feasibility study in 2026, advancing key permits, initiating early development and long lead procurement, expanding geological and geotechnical work, arranging project financing, and deepening community engagement, building on 2025 milestones including the entry of Hudbay as a strategic investor, the buy-down of eligible copper royalties, footprint expansion and a pre-feasibility study that confirmed robust project economics and a simplified mine plan.
The most recent analyst rating on (TSE:ASCU) stock is a Hold with a C$5.50 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.
The score is driven primarily by a well-capitalized balance sheet but offset by continued pre-revenue losses and heavy cash outflows. Technicals are favorable with strong trend and momentum, while valuation is weak due to negative earnings and no dividend. Recent financing and Cactus Project PFS updates provide a positive catalyst and help reduce near-term funding pressure.
To see Spark’s full report on TSE:ASCU stock, click here.
More about Arizona Sonoran Copper Co.
Arizona Sonoran Copper Company is an emerging U.S. copper developer focused on advancing its brownfield Cactus Project in Casa Grande, Arizona. The company aims to produce copper cathode through conventional open-pit mining and processing, targeting first cathode production in the second half of 2029 and positioning itself as a future domestic supplier in the North American copper market.
Average Trading Volume: 396,658
Technical Sentiment Signal: Buy
Current Market Cap: C$1.12B
See more data about ASCU stock on TipRanks’ Stock Analysis page.