Business
Maxus Mining Earns 100% Interest in the Penny Copper Project, British Columbia
The Project covers a large prospective land package within a well-established mining jurisdiction with extensive historical exploration VANCOUVER, British
About this update from Maxus Mining, Inc.
[{"type":"text","content":"The Project covers a large prospective land package within a well-established mining jurisdiction with extensive historical exploration VANCOUVER, British Columbia, May 19, 2026 (GLOBE NEWSWIRE) -- Maxus Mining Inc. (“Maxus” or the “Company”) (CSE: MAXM | OTCQB: MXMGF | FRA: R7V) is pleased to announce that it has earned a one hundred percent (100%) legal and beneficial interest in the Penny Copper Project (the “Penny Project”, “Penny”, or the “Project”), located near Kimberley, British Columbia (Please see Figure 1).¹ The Company has fulfilled all obligations under its Purchase Agreement (the “Option Agreement”), resulting in Maxus securing full ownership of the Penny Project. Penny Copper Project Overview The Penny Project consists of approximately 3,123 hectares situated within a prolific mining region of southeastern British Columbia near the historic Sullivan Mine at Kimberley, British Columbia.¹ The Project hosts numerous historical mineral occurrences and benefits from over a century of recorded exploration activity. Historical and recent exploration work at Penny has included geological mapping, prospecting, and rock sampling programs targeting copper-rich mineralization associated with favourable regional structures and alteration systems. Prior to Maxus, recent work programs completed on the Project included geological mapping and rock sampling, with the 2017 sampling program returning copper values of 1046 ppm Cu (TK17-149c), 1808 ppm Cu (TK17-28), and 2388 ppm Cu (TK17-12).¹ Since being involved on the Project, Maxus has completed a high-resolution MobileMT survey followed by geological mapping and rock sampling that included samples returning copper values up to 0.34% Cu.2 The Project is strategically positioned within an active mining district that continues to attract significant exploration and development funding. Transaction Highlights 100% Ownership Achieved: All requirements under the Option Agreement have been satisfied, securing full legal and beneficial ownership of the Penny Project. Strategic Copper Exposure: Penny strengthens Maxus’ growing portfolio of critical mineral and polymetallic assets in British Columbia. District-Scale Potential: The Project covers a large prospective land package within a well-established mining jurisdiction with extensive historical exploration. Operational Flexibility: Full...