Cupani Metals Targets a Raglan-Scale Copper-Nickel System at Blue Lake

Ian Wagner (0:15)

Welcome back to Mining Stock Daily. Ian Wagner here on Tuesday, October 6th, with an introduction to a new company here at Mining Stock Daily. Cupani Metals is an explorer and developer in Quebec, looking for the next major copper, nickel, PGE deposit.

And with us today to kind of talk about the company, its founding, its land package, and what they're doing up there in the north is Brian Bosse, CEO of Cupani Metals. They trade on the CSE under the symbol CUPA, and on the OTCQB under the symbol CUPIF. Brian, good to see you. Welcome to the podcast. I believe it is your first time.

Brian Bosse (1:02)

It is, Ian. Thank you for having us on or having me on.

And this is the first time I've ever talked about the company on a podcast. So I got the butterflies. Let's see how it goes.

Ian Wagner (1:13)

Yeah. You're a long time listener, first time caller, so to speak.

Brian Bosse (1:17)

Yeah, that's right. That's right.

Ian Wagner (1:19)

Cool. Well, let's jump into it. I think it probably is good to maybe talk about how you've kind of assembled this company, because I know you put together some claims. You guys are obviously looking for Nickel and Copper and PGE, and we'll get into a little of the geology, but maybe just give a little bit of a corporate background and kind of how you got to the fall of 2026

Brian Bosse (1:44)

Sure. I'll even go a little farther back because eventually this will be relevant. There is a visible gauze, so that's rusted rock at surface, that a geologist saw at the window of his aircraft in 1942

And that geologist was working for a company that only cared about iron ore. And eventually they got around to drilling that rusty rock and they found Copper and Nickel. Because they were an iron ore only company, they just left it.

And that location was 40 miles or 65 kilometers away from an existing railhead with iron ore open pits that had been running since the 1940s, which is the same company that geologist was working for. So it just kind of sat for decades. And then in the 1980s, a smaller company came along and asked the iron company, did you guys ever test your drill core for anything other than iron, copper and nickel? Like what about platinum, palladium, silver, cobalt? And the answer was no, they didn't.

And so about 1985, a small company bought this project from the large iron ore company. And they spent in today's dollars, that small company would have spent about 50 million bucks. They put 168 holes into mineralization, and they came up with 4.3 million tons of 2.2% copper equivalent. Now, we're not going to call that a resource, because this drilling was done in the 1980s. And this is a Canada company, so the 43-101 rules apply, and the rules don't have a grandfather clause. So the rules came in about 2003 This drilling happened before that. And so, it's not compliant. We'll get to that someday. So here's where the corporate history starts.

That 4.3 million tons, they did a bulk sample, they did metallurgy, and then that company eventually faded away because they were based on platinum-palladium, and in the 90s, the platinum-palladium prices fell.

A couple of guys were watching, though. One of them was a—he's now passed on. He used to be my boss, a guy named Ned Goodman, who founded a company called Dundee, and there's many arms to Dundee now. They're into real estate. They used to be into asset management. There's a precious metals mining company, the gold company DPM. That's Dundee Precious Metals. And that fellow, he knew that this project that had been drilled by somebody else's company was the start of something. And he knew even more when the Raglan Mine, which is now owned by Glencore, opened in 1997, that the theories underlying the Raglan Mine, geologic theories, would also apply to this 4.3 million tons that was drilled in the 80s. And so he started staking around the claim block that had the 4.3 million tons, so he was trying to lock up the land. And that sparked a consolidation that didn't finish until 2024 So from 1990 until 2024, the echo, the ghost of the company that did that drilling, they still held the land claims for, or the exploration claims for that 4.3 million tons, but they had no ability to grow. Whereas my old boss, Ned Goodman, had surrounded him with claims. And so there was this kind of Mexican standoff, right? One's got the peanut butter, the other's got the chocolate. Together, they'd be great. And I'm in my early 50s, I happened to outlast everybody, and I managed to consolidate it all into one company in the year 2024