ASCUFArizona Sonoran Copper Company Inc.

About Arizona Sonoran Copper Company Inc. (ASCUF)

Arizona Sonoran Copper Company Inc. (ASCUF) is a Copper company headquartered in Toronto, ON, Canada whose shares trade over-the-counter on the OTCQX tier.

ASCU's objective is to become a mid-tier copper producer with low operating costs and to develop the Cactus and Parks/Salyer Projects that could generate robust returns for investors and provide a long term sustainable and responsible operation for the community and all stakeholders. The Company's principal asset is a 100% interest in the Cactus Project (former ASARCO, Sacaton mine) which is situated on private land in an infrastructure-rich area of Arizona. Contiguous to the Cactus Project is the Company's 100%-owned Parks/Salyer deposit that could allow for a phased expansion of the Cactus Mine once it becomes a producing asset. The Company is led by an executive management team and Board which have a long-standing track record of successful project delivery in North America complemented by global capital markets expertise. Next steps at the Cactus Mine include, a Pre-Feasibility Study in 2025 followed by a Definitive Feasibility Study. A production decision, project financing and construction will be based upon a positive DFS.

Products and services

The Company is a mineral resource company engaged in the identification, acquisition, exploration, development and production of base metal properties in geographic regions known to have low geopolitical risk. The Company's principal asset is a 100% interest in the Cactus Project, a brownfields project on private land, which it acquired from ASARCO Multi-State Environmental Custodial Trust ("ASARCO Trust") in July 2020. The Cactus Preliminary Economic Assessment, completed in August 2024, proposed a low capital intensity heap leach and solvent extraction and electrowinning copper cathode producer. The study detailed an 86k ton per annum open pit operation over 31 years, with robust economics using a $3.90/lb copper price. After-tax economics include, an NPV8 of $2 billion and an IRR of 24%. As a brownfields project on private land in Arizona, the Project benefits from a known and streamlined permitting process, direct access to grid power, highways and railroads, water, and labour. In place infrastructure contributes to the industry leading low capital intensity.

ASCUF key facts

Ticker symbol

ASCUF

Market tier

OTCQX

Sector

Basic Materials

Industry

Copper

Headquarters

Toronto, ON, Canada

Country of incorporation

CA

Year of incorporation

2019

Employees

20

Estimated market cap

$213.12M (as of Apr 9, 2025)

Shares outstanding

148,516,758

Reporting standard

International Reporting: Toronto Stock Exchange

Audit status

Audited

Fiscal year end

12/31

Latest filing

Quarterly Report (Sep 30, 2024)

Arizona Sonoran Copper Company Inc. leadership

• George O'Neil Ogilvie — CEO
• Nicholas J. Nikolakakis — CFO, VP, Fin.
• Harold Bernie Loyer — SVP, Ops.
• Nick Hayduk — VP, Corp. Dev., General Counsel, Corporate Secretary
• Travis Snider — VP Environment, Community & First Nations Relation
• Kevin Canario — Director, Fin.
• Loretta Trujillo — Controller
• Accounts Payable — Other

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