08:33 AM EDT, 09/25/2025 (MT Newswires) -- Coppernico Metals ( CPPMF ) said Thursday that it amended option agreements linked to three key concessions covering the Nioc and Fierrazo targets within the Sombrero copper-gold project in Peru.

Coppernico said the term of the agreement with Aceros Arequipa was extended, providing the company until Dec. 13, 2029, to complete the remaining work expenditures required under the first phase of the agreement.

The amendments give Coppernico the opportunity to fully explore and drill the Fierrazo target while also assuming responsibility of rehabilitating the site.

"We appreciate Aceros' collaboration on this amendment, which will help us advance the project more efficiently," Coppernico chair and chief executive officer Ivan Bebek said. "Further updates on permit progress, exploration results, and new claims in the region will follow in the near future."

Coppernico's share price rose 8.6% to $0.19 on the Toronto Stock Exchange Wednesday.