Turmalina Metals Corp.
TBX.V
Toronto Stock Exchange Ventures0.14
CAD
-0.01
- -
Turmalina Metals Corp.
TBX.V
(Toronto Stock Exchange Ventures)
Recent
price
0.14
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Turmalina Metals Corp is a mineral exploration company focused on acquiring and developing high-grade gold, copper, and silver projects primarily in South America. The company’s core products and services include exploration and development of mineral resource properties featuring gold-copper-silver-molybdenum mineralization. Its main projects are the Colquemayo Copper-Gold-Silver Epithermal-Porphyry Project in Peru, characterized by significant historical drill intersections such as 237.3 meters at 2.4% copper, and the San Francisco Project in San Juan, Argentina, which hosts newly identified epithermal vein deposits. Turmalina operates through its wholly-owned subsidiary, Aurora Copper Peru, and also maintains projects and licenses in Argentina. Founded in 2015 and headquartered in Vancouver, British Columbia, the company targets high-quality mining licenses with compelling drill targets in open high-grade mineralized systems. Recent major corporate developments include the acquisition option agreement finalized in mid-2024 to secure 100% ownership of the Colquemayo Project in southern Peru, which covers 6,600 hectares with multiple porphyry and epithermal targets and advanced drill results. The company has commenced initial fieldwork, permitting processes, baseline environmental studies, core relogging, and technical reviews to advance the project toward resource definition and economic assessment. In early 2025, Turmalina announced a corporate name change to King Copper Discovery Corp, effective March 2025, signaling a strategic rebranding aligned with its copper-focused exploration portfolio. The company also closed a $5 million private placement financing in early 2025 to support its exploration programs. Meanwhile, it is considering divestment options for certain assets in Argentina to streamline its portfolio and focus resources on its most prospective projects in Peru. Turmalina’s business model integrates strategic exploration, technical development, and active stakeholder engagement in mining jurisdictions across South America.