07:54 AM EDT, 06/27/2025 (MT Newswires) -- Copper Giant Resources ( LBCMF ) on Friday said it is acquiring Grupo Minera Sol, a private company holding 12 mining applications in Colombia, for 7.5 million shares at $0.21 each.

Grupo Minera Sol's applications are contiguous with Copper Giant's current land package and are primarily located in the Department of Cauca. The combined claims now span 136,425 hectares, an increase of 64%, positioning Copper Giant as one of the largest holders of highly prospective porphyry terrain in Colombia, a statement said.

"This acquisition strengthens our strategic footprint in one of the most prospective porphyry copper belts in the Andes. It reflects our long-term conviction in the Mocoa region, our continued investment in local partnerships, and our belief that the next generation of major copper discoveries will come from projects that can offer both scale and continuity," said Chief Executive Ian Harris.

Copper Giant has also terminated its At-The-Market (ATM) equity distribution program, first announced last January. A total of $2 million was raised via the ATM offering.