Copper is the
wiring of war.
Mission: Deliver a U.S. supply stream of finished copper cathode engineered for defense primes, hyperscale data centers, grid hardening, and industrial electrification.
Red, white & blue.
American copper in action.
Gunnison’s ceremonial mine blast at Johnson Camp during the October 20, 2026 visit by Doug Burgum and Juan Ciscomani.
Watch on YouTube ↗ 22 Oct company report ↓Platform: A district scale copper producer in Cochise County, Arizona. The company reported commercial production at Johnson Camp in September 2026 and continues to advance the flagship Gunnison Project (open-pit + heap leach + SX-EW) designed to keep cathode output under U.S. jurisdiction. 22 Sep 2026 production update ↓
Procurement signal: predictable throughput depends on controlling the processing chain (leach + SX-EW) and the reagent and power cost stack.
Now trading: Gunnison’s Level II ADRs began trading on NYSE American under GUNN on October 26, 2026. Each ADR represents 30 common shares; the existing TSX: GCU and OTCQB: GCUMF listings continue. 26 Oct 2026 trading announcement ↓
Production Stack
Johnson Camp Mine (JCM)
Producing cathode through heap leach + SX-EW. The company reported 1,304,448 pounds in August and 894,767 pounds from September 1–17, 2026. Read the production announcement ↓
The procurement advantage is simple: it converts material to finished cathode on U.S. soil.
- Deliverable: Finished copper cathode (on-site refining)
- System: Leach solution -> solvent extraction -> electrowinning
- Supply-chain: Reduced reliance on offshore refining chokepoints
Gunnison Project (PEA)
Scaled open pit feeding heap leach pads and on-site SX-EW. Built to support volume delivery into electrification demand and critical infrastructure buildouts. Enough projected capacity to supply up to 11% of U.S. refined copper production from mineralized materials.
Note: The PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the conclusions reached in the PEA will be realized.
Files 2026 PEA technical report for flagship Gunnison project ↗September permitting update: the company submitted its Mined Land Reclamation Plan amendment and is targeting the remaining principal permit approvals by mid-2028. These are planned milestones, subject to review and approval. 17 Sep 2026 permitting update ↓
Tier 1 Location
Arizona, located on state and private land. A proven track record: permitted and brought two mines into production in the last five years. Compelling economics with leverage to copper price - approximately $2 billion NPV8 (after tax) and 22.5% IRR at $4.60/lb copper price.
Where Finished
Cathode Goes
Click A Sector To Expand
01Power Grid
+
Transmission Backbone
Cable, transformers, switchgear
02Data Centers
+
AI Power Delivery
Busbars, grounding, PDUs
03EV + Charging
+
Electrified Transport
Motors, inverters, chargers
04Buildings
+
Wire + HVAC Tube
Power, plumbing, cooling
05Industry
+
Motors + Generators
Windings, control cabinets
National Defense Runs On Copper.
A SilverWars materials briefing
Copper, silver and the systems behind military power.
Modern military power depends on electricity: generating it, moving it, controlling it and keeping equipment running. Copper and silver connect that electrical requirement to the mines, refineries and factories that supply it.
U.S. Army / Battlefield energy ↗01Why electricity matters in warCommunications, sensors and endurance all require power.+
Radios, sensors, drones and command posts need a dependable electrical supply. Generators and batteries provide energy; conductors, connectors and power electronics distribute and manage it. An Army battlefield-energy briefing identifies uninterrupted power as essential to keeping drones, sensors and communications running.
That dependence reaches beyond deployed equipment. The industrial base also needs electrical machinery, communications and power distribution to make, repair and replace hardware. Copper and silver are part of this wider material requirement, linking operational endurance to manufacturing capacity.
02Why copper belongs in the silver storyThe connection begins underground and continues through refining.+
USGS reports that most mined silver is obtained as a byproduct of lead-zinc, copper and gold mines. Silver supply therefore depends partly on decisions made around other metals: which deposits are mined, how much material is processed and which metals can be recovered economically.
One connection occurs during copper electrorefining. Silver can collect in residues called anode slimes, which are processed further to recover precious metals. Leaching followed by solvent extraction and electrowinning (SX-EW) is a different copper-production route. Recovering copper cathode does not, by itself, establish that silver is also recovered; the deposit and processing circuit determine what becomes a saleable product.
03What makes a supply chain resilientA deposit is the beginning of an industrial capability.+
Both copper and silver appear on the final 2025 U.S. Critical Minerals List. The designation reflects their economic or national-security importance and exposure to supply disruption. For a reader assessing industrial readiness, the useful question is whether the entire chain can keep delivering usable components.
- Mine & recoverMake metal available from the deposit.
- RefineProduce the purity a manufacturer needs.
- FabricateTurn metal into wire, contacts and components.
- Maintain & recycleKeep equipment working and recover usable material.
Power, transport, processing capacity and skilled manufacturing all matter along that route. Domestic production can shorten some dependencies, while recycling adds another source of supply. Neither replaces the need for the other stages to function.
Latest Intelligence
2026 Company Updates / Source review: 27 Oct 2026
GUNN begins trading on NYSE American
Johnson Camp hosts Burgum and Ciscomani; company shares ceremonial blast
Gunnison sets October 26 for GUNN trading debut
Gunnison Copper Advances Toward NYSE American Listing as Copper Reaches Record Highs
Gunnison Copper Appoints Former Hudbay Minerals COO Andre Lauzon to Board of Directors
Gunnison Copper Appoints U.S. Defense Sector Executive as Chief Financial Officer
Gunnison Copper Recognized by Arizona Governor Katie Hobbs for Job Creation at Johnson Camp
Gunnison Copper Achieves Commercial Production at Johnson Camp Mine
Gunnison Copper Submits Mined Land Reclamation Plan Permit Amendment and Outlines Path to Fully Permitted Gunnison Project by Mid-2028
Gunnison Copper and Nuton Optimize Stage 2 Mine Plan with Approximately 3 Million Additional Tons of Mineralized Material
Gunnison Copper Accelerates District-Wide Drill Program, Preparing for Six-Rig Expansion and Upcoming Preliminary Metallurgical Results
Gunnison Copper Reports Second Quarter 2026 Financial and Operational Results
Gunnison Copper Attends the American Mining Industry and Critical Minerals Roundtable in Washington D.C. Focused on Strengthening Domestic Supply Chains
Gunnison Copper Achieves Key Milestone Under U.S. Department of Energy 48C Program
48C update: the July announcement is historical. On 16 September, Gunnison said it had elected not to claim the conditionally awarded Department of Energy 48C tax credits. Read the superseding company update ↑
Gunnison Copper Eliminates Convertible Debt Through Cash Settlement, Preventing the Issuance of 28.9 Million Common Shares
Featured company video
The red, white and blue ceremonial blast at Johnson Camp is featured at the top of this dossier.
Watch the Johnson Camp blast ↑Company footage / Event: 20 Oct 2026 / Company report: 22 Oct 2026
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