Copper Giant Resources Corp.
Assessment
Our Rating
A journalistic assessment by our editorial team at the time of the deep dive — it rates the company, not the entry point. Not investment advice and not a solicitation to buy or sell.
The business works in principle, but one material question is open. As long as it stays open, our findings do not carry a quality verdict.
Why this colour
Yellow, because the central operational question is open: whether Mocoa can be mined economically at a grade of 0.40 to 0.54 percent copper equivalent will only be shown by the PEA announced for the fourth quarter of 2026. Red would be wrong in our assessment: the auditor did flag a material uncertainty related to going concern in April 2026, and the MD&A dated August 28, 2026, still contains it in its liquidity section. But the interim statements as of June 30, 2026, no longer contain that language, management believes resources are sufficient for twelve months, and with about C$51 million from cash and inflows through the end of August, the money lasts well over four quarters at the second-quarter pace, with no bank debt. Green is ruled out as long as there are no reserves and no economic study. This rating has nothing to do with the share price. The decision is yours.
What the thesis turns on
Assessment: Opportunities & Risks
With Mocoa in Colombia, Copper Giant owns what it calls one of the largest undeveloped copper-molybdenum deposits in the Americas and on October 14, 2026, reported 1.6 billion tonnes of Inferred and, for the first time, 290 million tonnes of Indicated resources. At the old cut-off, the grade fell from 0.51 to 0.45 percent copper equivalent, and the math uses higher metal prices. Everything is financed with new shares: 262.5 million in August 2026 after 16.2 million at the end of 2023. After the Denarius Metals placement, the treasury is well stocked; an economic study is still missing. Not investment advice.
Size of the deposit
Since the estimate of October 14, 2026, Mocoa comprises 290 million tonnes of Indicated and 1.60 billion tonnes of Inferred resources containing 11.49 billion pounds of copper in total. About 10,000 drilled metres are not yet included.
Ore quality
At the old 0.25 percent cut-off, the Inferred grade fell from 0.51 to 0.45 percent copper equivalent and the molybdenum grade from 0.039 to 0.030 percent. The estimate assumes $4.75 instead of $4.00 per pound of copper.
Financial strength
As of June 30, 2026, the company held C$16.8 million in cash, followed by C$34.4 million from the placement and exercised rights; there is no bank debt. Operating cash outflow in the second quarter was C$5.5 million.
Dilution
Shares outstanding rose from 16.2 million at the end of 2023 to 262.5 million on August 28, 2026. 81.8 million warrants and 17.5 million options are outstanding; in March 2026, 8.65 million options at C$0.94 went to management and consultants.
Confidence level and permits
No reserves, no economic study, concession in its exploration stage. Completed are the Consulta Previa with the Inga Condagua (October 2025) and the title integration (April 2026); the PEA is announced for the fourth quarter of 2026.
Worth Noting
This analysis was prompted by wallstreet-online’s list of hotly discussed and searched-for stocks (October 2026), not by a scanner hit. We carry the company under its home listing CGNT on the TSX Venture Exchange (internally CGNT.TO); the U.S. symbols CGNRF (previously LBCMF) and the Frankfurt symbol 29H0 refer to the same stock.
Copper Giant is not an SEC reporting company. All company figures come from the Canadian disclosure documents (SEDAR+), retrieved via the OTC Markets mirror of the filings and the company’s news archive: interim statements and MD&A as of 06/30/2026 (current to 08/28/2026), 2025 annual statements and MD&A, and news releases through 10/14/2026. The statements for 09/30/2026 had not been filed as of 10/25/2026.
Calculated values are our rough estimates: market value from 262,526,544 shares (08/28/2026) times the 10/23/2026 closing price; enterprise value net of the 06/30/2026 cash and the C$34.4 million received through 08/28/2026, before funds spent since July; value per pound of copper on the 11.49 Blbs of the full resource; warrant potential from the expiry table as of 06/30/2026 less warrants exercised and expired afterwards.
Possible confusion: until May 2025 the company was called Libero Copper & Gold Corporation (U.S. symbol LBCMF). All share counts before February 2024 are adjusted for the ten-for-one consolidation.
Stock Watch
This analysis is as of October 25, 2026. Stock Watch will tell you what's changed at CGNT.TO since then.
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Price history
Chart
Interactive price chart (TradingView).
Last price: 0.84 C$ (As of: October 25, 2026)
Key figures
Key figures at a glance
Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.
Basics
Performance
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
No dividend data is available for this stock yet.
Quality & Screener
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Comparison
Industry comparison
The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.
Sector comparison: Basic Materials
| Company | Market cap (C$B) | P/E | EV/EBITDA | Gross Margin % | EBIT Margin % | Sales Growth (Year) % | Perf. 1Y % |
|---|---|---|---|---|---|---|---|
| Copper Giant Resources Corp. CGNT.TO | 0.2 | – | – | – | 0.0 | – | – |
| Neo Performance Materials Inc NEO.TO | 1.3 | 2,750.0 | – | – | 20.3 | 2.4 | – |
| Heliostar Metals Ltd HSTR.TO | 0.7 | 17.1 | – | – | 35.2 | – | – |
| GoldMining Inc GOLD.TO | 0.3 | – | – | – | 0.0 | – | – |
| Mogotes Metals Inc. MOG.TO | 0.2 | – | – | – | 0.0 | – | – |
| Lake Victoria Gold Ltd. LVG.TO | 0.1 | – | – | – | 0.0 | – | – |
| Aurania Resources Ltd ARU.TO | 0.0 | – | – | – | 0.0 | – | – |
| Median of companies shown | 0.2 | – | – | – | 0.0 | – | – |
Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →
Quarters
Quarterly Figures
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Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
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· Total · per year
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The figures could not be loaded right now.
Source: fundamental data
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales (C$M) | Sales YoY (%) | Net Margin (%) | OCF (C$M) | FCF (C$M) |
|---|---|---|---|---|---|---|---|
| 2025: Q3 | – | – | 0 | – | – | -5 | -5 |
| 2025: Q4 | – | – | 0 | – | – | -4 | -4 |
| 2026: Q1 | – | – | 0 | – | – | -4 | -4 |
| 2026: Q2 | – | – | 0 | – | – | -6 | -6 |
What Do These Terms Mean?
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Screening
Appears in These Scanners
This stock currently matches 3 of our scanner strategies — each hit links to the scanner.
Research
Risk & Weakness
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. Scanners marked in red are red-flag signals (risk/short scanners) — appearing there is not a seal of approval. View all scanners
AI classification
AI Rating
Sonderfall kanadische Gesellschaft mit Heimatnotierung an der TSX Venture Exchange ohne SEC-Periodenberichte — ausgewertet wurden der Zwischenabschluss und der Lagebericht (MD&A) zum 30.06.2026, der Lagebericht 2025 sowie die Pressemitteilungen von Oktober 2025 bis Oktober 2026. Belegt ist ein operativer KI-Einsatz in der Exploration: Für die im September 2026 gemeldete Zielstudie über das Mocoa-Projekt setzte das beauftragte Beratungshaus Mira Geoscience ein lernendes Vorhersagemodell (balanced random forest) ein, das auf Bohrkern-Analysen und Bodenproben trainiert wurde und 17 Zielgebiete gewichtete, 13 davon außerhalb der bekannten Ressource. Eine KI-Umsatzquelle gibt es nicht — das Unternehmen erzielt überhaupt keinen Umsatz —, und eine Bedrohung des Geschäftsmodells durch KI ist nicht erkennbar. Die im Oktober 2025 gemeldete „Analytics and AI Software Services“-Vereinbarung mit Orbiton Capital (85.000 US-Dollar für 24 Monate) betrifft laut Meldung Medienplatzierung und Marketing und trägt die Einstufung nicht.
View the full file — quotes, sources, reviewed filings
„Lastly, Mira applied balanced random-forest predictive modelling to map probabilities of identifying the targeted feature within the resulting model."
Abschließend setzte Mira eine ausbalancierte Random-Forest-Vorhersagemodellierung ein, um die Wahrscheinlichkeiten abzubilden, mit denen das gesuchte Merkmal im resultierenden Modell anzutreffen ist.
Pressemitteilung (Zielstudie Mira Geoscience) · 2026-09-16 · View SEC filing
„The predictive model was trained to recognize the combination of geophysical and geochemical characteristics related to known copper and molybdenum mineralization at Mocoa and was then applied across the full two- and three-dimensional model extents."
Das Vorhersagemodell wurde darauf trainiert, die Kombination geophysikalischer und geochemischer Merkmale zu erkennen, die mit der bekannten Kupfer- und Molybdänvererzung bei Mocoa verbunden ist, und wurde anschließend auf die gesamte Ausdehnung der zwei- und dreidimensionalen Modelle angewendet.
Pressemitteilung (Zielstudie Mira Geoscience) · 2026-09-16 · View SEC filing
Filings Reviewed: Zwischenabschluss zum 30.06.2026 2026-08-28 · Lagebericht (MD&A) zum 30.06.2026 2026-08-28 · Lagebericht (MD&A) für das Geschäftsjahr 2025 2026-04-24 · Pressemitteilung (Zielstudie Mira Geoscience) 2026-09-16 · Pressemitteilung (Mineralressource Mocoa) 2026-10-14
Rated on October 25, 2026 · How the Rating Is Built
The company
About the Company
Copper Giant Resources Corp. (bis Mai 2025 Libero Copper & Gold Corporation) ist ein Kupfer-Molybdän-Explorer mit Sitz in Vancouver (Kanada), gegründet 2008 nach dem Recht von British Columbia und Teil der privaten Fiore Group. Kernprojekt ist die zu 100 Prozent gehaltene Porphyr-Lagerstätte Mocoa im Departamento Putumayo im Süden Kolumbiens; dazu kommen Konzessionsanträge im kolumbianischen Jura-Porphyrgürtel. Das Unternehmen erzielt keine Umsätze und hat keine Mineralreserven; seit Oktober 2026 liegt eine Mineralressource nach NI 43-101 mit 290 Millionen Tonnen angezeigt und 1,6 Milliarden Tonnen vermutet vor. Die Aktie notiert an der TSX Venture Exchange (CGNT), außerbörslich in den USA am OTCQX (CGNRF) und in Frankfurt (29H0). Berichtswährung ist der kanadische Dollar, das Geschäftsjahr endet am 31. Dezember.
- ISIN
- CA21750C1014
Data as of: October 25, 2026 · symbol.source_foreign
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.