Tribeca Resources Signs Option Agreement to Acquire Jiguata Copper Project in Chile

Tribeca Resources Corporation has announced the signing of an option agreement to acquire a 100% interest in the Jiguata Copper Project, located in northern Chile, marking a key step in expanding its portfolio of high-potential copper assets in one of the world’s leading mining jurisdictions.

The Jiguata Project, situated in Chile’s Antofagasta region, is considered highly prospective for porphyry-style copper-gold mineralization, a geological formation similar to major producing mines in the area. The agreement grants Tribeca Resources the exclusive right to conduct exploration and evaluation activities before exercising the option for full ownership.

In a statement, Tribeca Resources CEO Paul Gow said, “The Jiguata Copper Project represents a strategic addition to our exploration portfolio. This agreement strengthens our presence in Chile and aligns with our focus on discovering and developing large-scale copper systems essential for the global energy transition.”

Under the terms of the agreement, Tribeca will make staged payments and exploration commitments over the next few years. The company plans to commence initial geophysical surveys and drilling programs in early 2026 to assess the project’s mineral potential.

The acquisition aligns with rising global demand for copper, driven by the expansion of renewable energy, electric vehicles, and grid infrastructure. Analysts view this move as a timely expansion that positions Tribeca to benefit from the ongoing clean energy commodity boom.