Axo Copper Corp

Axo Copper Corp. is a Canadian-based exploration company focused on discovering and advancing high‑grade copper deposits in Mexico, with its flagship La Huerta Copper Project located in the mining-friendly state of Jalisco. La Huerta sits within the prolific Sierra Madre Belt and covers a contiguous land package of approximately 11,331 hectares, positioning Axo at the center of what it believes could become Mexico’s next significant high‑grade copper district. The project hosts a +5 km mineralized trend defined by copper-bearing intrusive dykes and alteration zones, with drilling to date outlining a 1.3 km core trend at Las Marias–Punto Cornelio–El Águila that remains open along strike and at depth.​

The La Huerta project benefits from excellent infrastructure, including road access, proximity to power, and a 90‑minute drive from the deep‑water port city of Manzanillo, significantly supporting future development optionality. Historic small‑scale mining between 2019 and 2022 extracted high‑grade copper ore from near-surface dykes, which was direct-shipped offsite without leaving tailings on the property, demonstrating the presence of high-grade mineralization yet leaving the broader system largely untested by modern exploration. Axo Copper is focused on unlocking the full potential of this underexplored intrusive-related copper system through systematic drilling, geophysics, and regional targeting.​

Axo Copper offers investors leveraged exposure to a high‑grade, district-scale copper discovery at an early stage, in a jurisdiction with an established mining culture and infrastructure. Drilling has delivered multiple standout intercepts at shallow depths along the La Huerta trend, including intervals such as 13.7 m at 5.03% Cu, 9.5 m at 6.63% Cu, 7.6 m at 7.37% Cu, and 8.9 m at 5.87% Cu, with even higher-grade sub-intervals locally approaching or exceeding 10–20% Cu over shorter widths. These results highlight the potential for both near-surface, high-grade resources and deeper, structurally controlled shoots that could support future mine development scenarios.​

Beyond the current 1.3 km drilled trend, surface mapping, chip sampling, and induced polarization (IP) geophysics have identified multiple parallel and step-out targets across an interpreted 5 km+ copper corridor. Regional sampling has returned numerous high‑grade copper values at surface, including in a north–south structural corridor extending approximately 1,000 m, indicating substantial scope for resource expansion. Against a backdrop of tightening global copper supply and growing demand from electrification and decarbonization, Axo Copper’s focus on high-grade copper in a scalable Mexican district provides significant upside potential as exploration drilling continues to define and expand mineralized zones.​

Axo Copper Corp. is led by President, CEO and Director Jonathan Egilo, a mining engineer and capital markets professional who previously served as Director, Equity Research Analyst at a major Canadian bank, bringing a combination of technical training and deep industry insight to the company’s growth strategy. Jonathan holds a Bachelor of Applied Science in Mining Engineering from Queen’s University and has extensive experience evaluating and financing mining projects, which supports disciplined decision-making at La Huerta.

The company’s financial strategy is overseen by Keith Abriel, CFO and Corporate Secretary, a Chartered Professional Accountant and CFA charterholder with more than 25 years of capital markets and corporate finance experience. Keith has held senior finance roles at public companies including DHX Media Ltd. (now WildBrain) and several resource issuers, providing Axo with rigorous financial stewardship, budgeting, and access to global capital markets.

Axo’s governance and strategic direction are anchored by Glenn Jessome, Executive Chair and Director, a securities lawyer with over 25 years of resource-sector capital markets experience and a founding shareholder of Silver Tiger and GoGold. Glenn’s background in structuring and financing mining companies, along with his capital markets network, strengthens Axo’s ability to execute transactions and maintain high governance standards.

Axo Copper is executing a growth strategy centered on expanding and de‑risking its La Huerta Copper Project through aggressive exploration, while positioning the company for future development options. Following the completion of an initial drill campaign, the company has launched a 15,000 m Phase II program designed to both infill and extend the known high‑grade mineralization at Las Marias and along strike toward Punto Cornelio and El Águila. In parallel, Axo is prioritizing step-out and regional drilling on newly defined geophysical and geochemical targets along the broader 5 km trend and in promising parallel structures.​

The company is systematically integrating surface mapping, IP geophysics, and structural interpretation to refine its model of the intrusive dyke system and associated alteration zones, with the goal of defining a coherent resource base that could ultimately support economic studies. While La Huerta remains in the exploration stage, Axo’s strategy is to advance the project along a clear de‑risking pathway—from discovery and delineation through to potential future resource estimation and preliminary engineering—while maintaining financial flexibility. With excellent access, nearby infrastructure, and no royalties on the project, Axo Copper is well-positioned to pursue potential development scenarios or strategic partnerships as the scale and continuity of mineralization become better defined.​

Axo Copper Corp. maintains a straightforward capital structure and a solid financial position to support its ongoing exploration activities at La Huerta. As of early September 2025, the company has approximately 130.3 million basic shares outstanding and 149.3 million shares on a fully diluted basis, including options, warrants, deferred share units, and shares to be issued as part of the La Huerta acquisition. At a share price of C$0.38 on September 5, 2025, Axo’s market capitalization stands at roughly C$49.5 million, with an enterprise value of about C$41.7 million when accounting for C$7.8 million of cash as of August 27, 2025.​

The acquisition terms for La Huerta involve staged cash payments totaling US$11.1 million over approximately five years and the issuance of 5.0 million Axo shares, 2.0 million of which have already been delivered, with no underlying royalties encumbering the project. This structure allows Axo to allocate the majority of its current capital toward value-creating exploration while meeting its property commitments in a disciplined, phased manner. As exploration advances and the geological model matures, Axo Copper is positioned to access additional capital through equity, strategic investments, or partnerships, leveraging positive drill results and a strong copper market backdrop.​

Axo Copper Corp. is emerging as a focused copper explorer with a compelling early-stage district discovery at its La Huerta Project in Jalisco, Mexico. With a large, contiguous land package in a well-established mining belt, high-grade copper intercepts along a growing mineralized corridor, and multiple untested targets, the company is positioned for meaningful exploration-driven value creation. Strong local infrastructure, including road access and proximity to a major port, further enhances the project’s long-term development potential.​

Backed by an experienced management team, a supportive board, and seasoned Mexican mining professionals, Axo Copper combines technical expertise with in-country relationships that are critical for advancing projects in Mexico. The company’s disciplined growth strategy—centered on systematic drilling, geophysics, and structural understanding, along with a clean ownership structure for La Huerta—supports a clear pathway from discovery to potential future development. For investors seeking exposure to high-grade copper exploration with district-scale upside in a mining-friendly jurisdiction, Axo Copper Corp. represents an attractive, early-stage opportunity aligned with the global drive for increased copper supply.