Midnight Sun Mining Corp

Promotional Strapline: Transformative Copper Discoveries in the Heart of Zambia
Primary Ticker: TSX.V:MMA, OTC:MDNGF
Stage of Development: Exploration
Primary Minerals: Copper
Country / Region: Zambia
Market Cap 217M
Website: Midnight Sun Mining Corp

We are a Canadian Exploration Company focused on our flagship Solwezi Copper Project in Zambia, located in the heart of the Zambia-Congo Copperbelt. Our project is surrounded by world-class copper mines including Ivanhoe’s Kamoa Kukula, Barrick’s Lumwana and First Quantum’s Kansanshi Mine (Africa’s largest copper producer), which is right next door.

We have two strategic deals in place, the first with Bill Gates backed-KoBold Metals and the second with First Quantum, and we have put a two-fold attack plan in motion. The goal is to uncover and develop Zambia’s next generational copper deposit (KoBold), while working to determine near-term production potential from our property (First Quantum) simultaneously.

 

Management Profile:

Adrian O’Brien – Director, Marketing and Communications

Mr. O’Brien is a Senior Executive and Senior Marketing Executive, with over 25 years of experience in the mining and exploration sector. He has served in roles from Investor Relations to CEO and has been involved projects spanning the continuum from grass roots discovery to development, mine build and operations. From 2018 to 2023, he served as Director of Marketing and Communications for PureGold Mining. He is a former Director & President of Kermode Resources, former Vice President of Apella Resources, former Director and President/CEO of Pro Minerals, and a former Director of the Prospectors and Developers Association of Canada.

 

What are your key goals for the next 3, 6 and 12 months?

3 Months

Drilling with First Quantum - Goal is to define oxide copper resources via drill programs on two of our licenses, with near-surface oxide copper destined for First Quantum's Kansanshi Mine (Africa's largest copper producer).

6 Months

KoBold Metals kick off drilling at Dumbwa, a tier-one target for a stratabound copper deposit. With results from both drill programs flowing, we aim to begin planning both following phases for oxide copper and KoBold's continued exploration work as part of their $15.5M earn-in agreement.

12 Months

Oxide Copper Targets - If we are successful in our efforts, by 12 months, we aim to be moving oxide copper material to Kansanshi for processing, and defining additional sources of oxide copper material.

At Dumbwa, we should be starting to get an idea of the size and scale of mineralization, and continuing to explore.

 

What do you think makes your company such a compelling investment?

Midnight Sun has a vast 506km land package in the heart of the Domes Region of Zambia - the second largest copper producing region in the world, and the top place in the world for copper exploration. We are surrounded by world-class producing copper mines and operators, including Africa's largest copper producer right next door - First Quantum's Kansanshi Mine. Others surrounding us include Ivanhoe's Kamoa Kukula, Barrick's Lumwana Mine, First Quantum's Sentinel Mine and China Molybdenum's Tengke. We have discoveries across our property. We have deals in place with Bill Gates-backed KoBold Metals to explore our Tier-One exploration target; Dumbwa, and a Cooperative Exploration Plan in place with First Quantum to define potential feed sources of oxide copper for their Kansanshi Mine, which could result in significant near term positive cashflow for Midnight Sun. We are all fully funded for the work programs ahead, having just completed a $10MM raise.