- CEO
- Jonathan Egilo
- Full Time Employees
- 1
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- 2446 Purcells Cove Road Halifax NS Canada B3V 1G3
- IPO Date
- Jun 3, 2025
- Business
- Axo Copper Corp. (TSXV:AXO) is a Canadian mineral exploration company focused on the acquisition, exploration, and evaluation of resource properties primarily for copper and other base metals. The company holds a 100% interest in the La Huerta Project, comprising the Los Juanes and La Gallina concessions covering approximately 11,331 hectares in the state of Jalisco, Mexico; this flagship asset features high-grade copper mineralization along the La Huerta Trend, with drill intercepts including 5.0% Cu over 13.7 meters and 7.4% Cu over 7.6 meters, and prior small-scale surface mining operations at Las Marias demonstrating production history via a 250-ton-per-day sulfide flotation plant processing 4-5% Cu ore. Axo Copper conducts systematic exploration activities, including drilling programs to define near-surface mineralization, expand at depth, and identify new discoveries in an underexplored district near established infrastructure such as ArcelorMittal's operations and Manzanillo port.
In a significant strategic expansion, Axo Copper executed a definitive purchase agreement on November 21, 2025, to acquire the past-producing San Antonio Gold Project from Osisko Development Corp., comprising multiple deposits including Sapuchi, Golfo, California, and Calvar with a high-grade oxide resource and existing heap leach infrastructure; the transaction involves issuing shares to provide Osisko Development approximately 9.99% ownership and OR International Ltd. 4.99% ownership post-closing, subject to a concurrent equity financing of at least C$10 million, lock-up agreements, and regulatory approvals anticipated in Q4 2025. This acquisition complements the La Huerta copper focus by adding gold exposure with substantial exploration potential up to 300 meters depth and plans for oxide production restart, supported by amended metals streaming terms at 7.15% on gold and silver for 30% of spot prices plus milestone payments. The company also changed its name from Mexican Copper Corp. to Axo Copper Corp. in May 2024 and filed a preliminary prospectus for a proposed C$15 million initial public offering in April 2025.
Founded in 2021 and headquartered at 2446 Purcells Cove Road in Halifax, Nova Scotia, Canada, Axo Copper targets mining and exploration customers, including potential offtake partners and investors in the base and precious metals sectors, with operations centered in Mexico.