Gunnison Copper begins trading on NYSE American as GUNN

Gunnison Copper Corp. (NYSE American: GUNN) announced that its American Depositary Receipts have begun trading on NYSE American under the ticker symbol "GUNN." Each ADR represents 30 Gunnison common shares, with the Bank of New York Mellon serving as depositary bank.

The company said the listing does not constitute a new offering of securities, and no additional common shares are being issued or capital raised in connection with the ADR listing. ADR issuance fees are waived through January 23, 2027.

Gunnison, headquartered in Phoenix, Arizona, operates the Johnson Camp Mine in Cochise County, Arizona, which has a production capacity of up to 25 million pounds of finished copper cathode annually. The mine is fully funded by Nuton LLC, a Rio Tinto venture.

The company is also advancing its flagship Gunnison Copper Project, located approximately 1.5 miles from Johnson Camp. A March 2026 Preliminary Economic Assessment outlined average annual copper production of approximately 175 million pounds over a 21-year mine life, more than 3.2 billion pounds of total copper production, an after-tax net present value of $2.0 billion at an 8% discount rate, an internal rate of return of 22.5%, and a payback period of 3.9 years, based on a copper price of $4.60 per pound.

The company noted that the PEA is preliminary in nature and includes inferred mineral resources considered too speculative to be categorized as mineral reserves. There is no certainty that the conclusions of the PEA will be realized.

"Our NYSE American debut brings our story directly to the U.S. investment community, aligning our capital markets presence with where we operate, where we produce copper and where we see tremendous opportunity for growth," said Craig Hallworth, President and Chief Executive Officer.

Gunnison's shares previously traded on the TSX, OTCQB, and Frankfurt Stock Exchange. The information in this article is based on a company press release.

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