Coyote Copper Mines Inc. (TSXV: CCMM) has announced it has signed a drilling contract to commence drilling at its Arizona copper project in the first half of November 2026. The company also disclosed that 97.7% of its accelerated warrants were exercised as of October 15, 2026, generating proceeds of C$3,368,556.63. The funds are earmarked for the ongoing exploration programme and the acquisition of additional mining claims, making the announcement a notable capital and operational milestone for investors monitoring the junior copper explorer.

Key Points

  • Coyote Copper Mines Inc. (TSXV: CCMM) signed a drilling contract for its Arizona copper project
  • Drilling is scheduled to commence in the first half of November 2026; the exact start date is not yet confirmed
  • 97.7% of accelerated warrants were exercised, raising total proceeds of C$3,368,556.63
  • Investors may watch for geophysical results and soil and channel sampling results ahead of drilling

Arizona Drilling Programme Set for November as Roads and Pads Are Completed

Coyote Copper Mines has signed a drilling contract to begin work at its Arizona copper project in the first half of November 2026. The release states that drill roads and pads are being constructed and all necessary permits are in hand. The company noted that the drill rig designated for its programme is currently completing work for another company, meaning the precise start date has not been determined. Soil and channel sampling are ongoing, with the company stating results will be disseminated prior to drilling commencing.

Warrant Exercise Raises C$3.37 Million Across Three Tranches

As of 4:00 p.m. on October 15, 2026, three tranches of warrants were exercised. These comprised 7,311,901 warrants at C$0.15 from a July–August 2025 financing, 10,622,351 warrants at C$0.20 from a January–February 2026 financing, and 1,052,152 finder's warrants at C$0.14 also from the January–February 2026 financing. Combined, the exercises generated total proceeds of C$3,368,556.63 for the company. The disclosure states these funds will support the exploration programme and the staking and acquisition of additional mining claims.

Geophysical Programmes Nearing Completion Ahead of Drill Results

The company's previously announced geophysical programmes are described as nearing completion, with interpretation and public release of results to follow. The announcement noted a site visit was held at the end of September, attended by 35 participants including four geologists from major mining and fund companies as well as numerous investors. The technical disclosure in the release was reviewed and approved by Qualified Person Michael N. Feinstein, PhD, CPG, who is independent of the company, in accordance with National Instrument 43-101. The immediate share price impact was not clear from available public information.