Business
Emerging Growth Research Initiates Coverage on CopAur Minerals Inc. with a Buy Rating and C$0.31 Price Target
NEW YORK CITY, NY / ACCESS Newswire / April 7, 2026 / Emerging Growth Research today announced...
About this update from Copaur Minerals Inc.
[{"type":"text","content":"Emerging Growth Research Initiates Coverage on CopAur Minerals Inc. with a Buy Rating and C$0.31 Price TargetNEW YORK CITY, NY / ACCESS Newswire / April 7, 2026 / Emerging Growth Research today announced the release of its Initiation Report on CopAur Minerals Inc. (TSX-V:CPAU), initiating coverage with a Buy rating and a 12-month price target of C$0.31 (or US$0.23), representing approximately 85% upside from the Company's closing price of C$0.17.The Initiation Report highlights CopAur's near-term gold production opportunity at its 100%-owned, past-producing Kinsley Mountain Gold Project in Nevada, the upcoming Preliminary Economic Assessment (PEA), and an established resource base with significant exploration upside.Key Highlights from the Initiation Report:Past-Producing Nevada Gold Asset Positioned for Restart: The Kinsley Mountain Gold Project, located in Elko and White Pine Counties, Nevada, was a producing heap-leach gold mine between 1995 and 1999, yielding approximately 138,000 ounces of gold. The mine's closure was driven by operator bankruptcy amid low gold prices of US$350-$370/oz - not resource depletion. With gold prices having recently exceeded US$5,000/oz, the economics of a mine restart are now compelling.Established NI 43-101 Compliant Resource Base: The Kinsley Project hosts an NI 43-101 compliant Indicated Mineral Resource of 418,000 ounces of gold at an average grade of 2.63 g/t Au, including a high-grade core of 302,000 ounces at 6.11 g/t Au, plus an additional 117,000 ounces in the Inferred category at 1.51 g/t Au. CopAur's total AuEq resource is estimated at approximately 535,000 ounces.Preliminary Economic Assessment (PEA) Imminent: A PEA is expected to be published by the end of April 2026 and will provide the first indication of the Kinsley Project's updated economic metrics. The PEA incorporates over 20,000 meters of additional drilling completed since the 2021 resource estimate, which is anticipated to expand the resource base. The PEA is being developed by Global Resource Engineering (GRE), a Colorado-based firm with recent Nevada heap-leach operational experience.Experienced Operational and Permitting Team Assembled: CopAur has engaged Lead Ram Consulting as the Nevada-based Owner's Team to prepare a comprehensive mine restart plan for Kinsley. The brownfield nature of the site, combined with support...