07:51 AM EDT, 08/18/2025 (MT Newswires) -- Coppernico Metals ( CPPMF ) said Monday it may acquire copper-gold projects in the U.S. amid an improved market for metals.

The company made the statement as it provided an update on its Sombrero project in Peru, where initial surface mapping at the Macha Machay target advanced two new copper-gold hydrothermal alteration zones.

Coppernico said it is optimizing the Sombrero project footprint to focus on areas with the highest geological potential.

"As we optimize our land position in Peru, we are also actively pursuing potential additional property acquisitions in the U.S. in an effort to build our project pipeline ahead of an improving metals market, with a strong focus on copper and gold assets," said Ivan Bebek, Coppernico's chair and CEO.

Meanwhile, Coppernico said Keenan Jennings stepped down from the board to pursue an executive role with a mid-tier international gold producer.