Denarius Metals takes 15.6% stake in Colombia's Mocoa copper project

The investment forms part of a larger CA$31 million private placement, with additional backing from Copper Giant leadership and Trafigura. This capital injection is designed to push the Mocoa project beyond its current Preliminary Economic Assessment and toward a formal construction decision. To ensure the project’s commercial viability, Copper Giant has concurrently signed a ten-year offtake agreement with Trafigura, which will purchase 20% of the copper and molybdenum concentrate produced at the site.

Located in the Putumayo Department, Mocoa holds an estimated 1.1 billion tonnes of mineral resources, containing 7.6 billion pounds of copper and 1 billion pounds of molybdenum. The project has attracted attention due to its district-scale exploration potential and favorable geological conditions. Denarius Metals’ Executive Chairman Serafino Iacono noted that the company’s history of operating in Colombia is key to navigating the transition from resource definition to active mining. As part of the deal, Denarius CEO Federico Restrepo-Solano will join the Copper Giant advisory board. The transaction is expected to close around August 21, 2026, pending final regulatory approvals.