Solis Minerals to acquire Peru’s Cucho Copper Project with A$5.9M funding, targeting exploration in 2026.

Solis Minerals Ltd has agreed to acquire up to 100% of Peru’s Cucho Copper Project via a staged earn-in, backed by a A$5.9 million share placement. The project, near the Pacific coast and existing mines, shows surface mineralization with copper grades of 0.23%–0.35%, along with molybdenum and silver. Exploration will begin in early 2026, supported by historical data and untested anomalies. Funds will also advance drilling at other Peruvian projects. The company, led by CEO Mitch Thomas, sees Cucho as a strategic asset in its push for large-scale copper-gold resources amid rising demand for critical minerals.