AI Demand Keeps Copper Hot, and This Explorer's Latest Results Are Turning Heads

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Tuesday, June 9, 2026

Despite gold and silver pulling back from the highs reached earlier this year, copper has continued its impressive advance and is currently trading at approximately $6.41 per pound, just shy of its all-time high. Much of this strength is being driven by growing demand from the ongoing AI infrastructure buildout, which requires substantial amounts of copper for data centers, power systems, and related technologies.

One micro-cap company is attracting significant attention today after reporting impressive copper drill results from its project in Kazakhstan. With copper prices hovering near record levels, the strong exploration results have provided a powerful catalyst for the stock, which is now trading at all-time highs.

Arras Minerals Corp. (TSX-Venture: ARK) (OTCQB: ARRKF) reported new drilling results from the Berezski North target at its Elemes Project in northeast Kazakhstan. The standout intercept came from hole EL26032, which returned 935.9 metres grading 0.71% copper equivalent (CuEq) from surface, including 214.9 metres grading 1.42% CuEq beginning at 162.1 metres depth. Within that interval, a high-grade breccia zone produced 55.0 metres grading 4.41% CuEq. The hole ended while still in mineralization, indicating the system remains open at depth.

Hole EL26033 also delivered strong results, including 52 metres grading 1.75% CuEq within a broader interval of 181 metres grading 0.66% CuEq. The hole continued into lower-grade porphyry-style mineralization over 127.2 metres before termination. According to the company, the recent drilling confirms the existence of a large, well-developed porphyry system that extends beyond 900 metres depth and remains open in several directions. The program has also expanded the known strike length of the high-grade breccia mineralization to more than 600 metres.

In today’s press release, Tim Barry, CEO of Arras Minerals, commented, "These latest results from Berezski North represent a step-change for the Company. Intersecting more than 900 metres of porphyry-style mineralization from surface is a very significant result that has materially advanced our understanding of the scale and potential of this target. This drilling also confirmed the near-surface, high-grade breccias, and has extended their strike length to now over 600 metres. Importantly the system remains open in multiple directions and at depth. These drill results combined with the coincident 3 km x 2 km geophysical and geochemical footprint we observe in the data, suggests there is still significant potential to be unlocked at the Berezski North Target. An additional six holes have been drilled with assays pending, and once these results are received and interpreted, we expect to bring the drills back to Berezski North to follow up on additional targets."

Mr. Barry followed up stating, "Looking at the bigger picture along the entire 8.8-kilometer Berezski Trend, it is important to note that the Berezski North target sits more than 5 km north of both the "Berezski East target", where we recently announced 115.7 m grading 1.44 g/t Au and 0.24% Cu, and the "Berezski Central Target", where we previously announced 261 m grading 0.64% CuEq from surface. At the K-Ozek target that runs along the eastern margin of the Berezski Trend, a series of quartz veins are exposed over a 2 km strike length by historic Soviet trenching. Previously reported sampling returned 27 grab samples grading greater than 5 g/t Au. Over the past month, drilling has tested portions of the K-Ozek area, with three holes completed and one underway with assays pending. The drilling has intersected a series of quartz-sulphide veins surrounded by a wide zone of stockwork sulphide veining. Arras currently has four diamond drill rigs on site focused on the Berezski Trend as part of its ongoing 20,000 m drill program this year."

Shares of ARK are currently up 45.24% at $1.22, while U.S. listed shares (ARRKF) pop 44.60% to $0.8676 in mid-morning trading.

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