Copper-Gold Explorer Expands Drilling at High-Potential BC Project
Torr Metals Inc. is expanding its inaugural drilling program at its Kolos Copper-Gold Project in southern British Columbia after the successful closure of a previously announced non-brokered private placement. Find out why one analyst says the stock is great exposure to both copper and gold opportunities across Canada.
Torr Metals Inc. (TMET:TSX.V) announced it is expanding its inaugural drilling program at its Kolos Copper-Gold Project in southern British Columbia after the successful closure of a previously announced non-brokered private placement that raised CA$5,341,058, the company said in a release on October 31.
This was achieved through the sale of 6,439,706 flow-through units priced at CA$0.17 each, 12,568,345 non flow-through units priced at CA$0.13 each, and 12,559,729 charity flow-through units priced at CA$0.208 each. Read the release for further details on the placement.
"This financing positions Torr very strongly, with about 70% of the flow-through portion supported by committed long-term backers through the charity component, and the rest from significant participation by key high-net-worth investors," said President and Chief Executive Officer Malcolm Dorsey. "These funds fully finance our extensive drill program of up to 9,000 meters at our highway-accessible 332 km? Kolos Copper-Gold Project in southern British Columbia. This includes expanding our initial drilling from 1,500 to 2,500 meters, currently underway at the high-potential Bertha Target, followed by a Phase II program of approximately 6,500 meters in Spring 2026, targeting either Bertha or one of our three additional undrilled porphyry systems, two of which are already drill permitted, with one more permit pending at the Sonic Zone."
Dorsey continued, "With 1,400 meters of drilling already completed in Fall 2025, we look forward to reporting assay results and sharing updates on our recently completed surface geochemical work at Sonic and Bertha South in the coming months."
One insider of Torr participated in the offering, making this a related party transaction under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions, the release said.
However, Torr is relying on exemptions from formal valuation and minority shareholder approval requirements as the fair market value of the subscription, in relation to the insider, does not exceed 25% of the Issuer's market capitalization, as determined under MI 61-101.
Historical Data Reveals Soil Anomaly
Based in Edmonton, Torr Metals is dedicated to uncovering new copper and gold prospects within well-established and easily accessible mining districts throughout Canada. These areas benefit from existing infrastructure and a rising demand for immediate resources. Torr's wholly owned, district-scale properties are strategically positioned for cost-effective, year-round exploration and development.
Kolos and the strategically optioned 57 km? Bertha Property are located in southern British Columbia's renowned Quesnel Terrane, just 30 kilometers southeast of the Highland Valley Copper Mine, Canada's largest open-pit copper operation, and 40 kilometers south of Kamloops along Highway 5.
In northern Ontario, the 261 km? Filion Gold Project spans a largely unexplored greenstone belt with significant high-grade orogenic gold potential. It is situated just off Trans-Canada Highway 11, about 42 kilometers from Kapuskasing and 202 kilometers by road from the Timmins mining camp, home to world-class gold mines like Hollinger, McIntyre, and Dome.
In September, Torr announced results from the analysis of historical soil and rock grab samples at the Sonic copper-gold porphyry target at Kolos. The historical data revealed a 4.5 km? copper-gold soil anomaly extending north of the Sonic Zone within Torr's 100%-owned land, showing up to 4,510 parts per million (ppm) copper (Cu) and 590 parts per billion (ppb) gold (Au).
Additionally, field reconnaissance in 2025 within the Sonic Zone Cu-Au porphyry target area uncovered a new mineralized outcrop approximately 1 kilometer northeast of Torr's 2024 discovery, the company said. This outcrop returned 1.1% Cu in a magnetite-rich grab sample along the edges of a highly promising high magnetic anomaly.
The newly discovered outcrop returned 0.42% Cu from a strongly sheared quartz-carbonate vein hosted in Nicola Group volcanics, located near a pyritized monzonite intrusion and a silica-apatite dyke. These features suggest potential vectors toward an alkalic Cu-Au porphyry center with gold enrichment, supported by structural links to nearby epithermal Au-Ag-Cu (gold-silver-copper) systems at the Meadow Creek and Plug targets, where historical trenching yielded 2.24 grams per tonne (g/t) Au and 400.6 g/t Ag over 4.4 meters as well as 20.8 g/t Au over 0.56 meters.
Exposure to Copper and Gold Opportunities Across Canada
As copper exploration gains momentum in British Columbia's Quesnel Trough, Torr is positioning itself for a potential new discovery, according to analyst John Newell of John Newell & Associates on October 6.1
With several undrilled copper-gold porphyry centers, robust infrastructure, and a streamlined share structure, Kolos is attracting interest as it starts the inaugural drill program, he said.
The Quesnel Trough is "home to some of Canada's largest and longest-lived copper mines, including Highland Valley (Teck), New Afton (New Gold), and Copper Mountain (Hudbay)," Newell wrote.
The company's projects give "exposure to both copper and gold discovery opportunities across Canada, with Kolos leading the near-term news flow as the first drill program begins in Q4 2025," Newell wrote.
For investors looking to gain exposure to a new copper discovery narrative in one of Canada's safest and most productive mining areas, Newell said Torr Metals was considered a Speculative Buy at the price at the time of writing of CA$0.15. The technical price targets are set at CA$0.24, CA$0.48, and a longer-term target in the range of CA$0.60-CA$0.65, contingent upon a confirmed discovery-driven breakout, Newell said.
The Catalyst: Sparking the Energy Transition
Copper is essential to the energy transition because of its critical role as an electrical conductor.
The metal's prices are expected to increase this fall, driven by seasonal demand and ongoing supply constraints, presenting traders with lucrative opportunities, Don Dawson reported for Yahoo! Finance on October 6. Home builders are stockpiling copper for spring construction, especially for wiring and plumbing, with demand peaking from September to March. This seasonal trend, along with global economic factors, creates an ideal trading window, he said.
Meanwhile, Dawson reported that the global copper supply is expected to face a 300,000-metric-ton shortfall in 2025 due to production challenges in Chile and Peru, including labor strikes and mine disruptions. Increasing price volatility is exacerbated by low inventories on the London Metal Exchange, sometimes covering less than a day's demand, Dawson wrote.
The energy transition driven by electric vehicles, solar power, and AI-driven data centers continues to boost demand, with copper consumption rising annually since 2020, the story noted.
Gold futures began trading at US$4,001 per ounce on Monday, marking a 0.5% increase from Friday's closing price of US$3,982.20, wrote Catherine Brock for Yahoo! Finance on November 3.
Streetwise Ownership Overview*
Torr Metals Inc. (TMET:TSX.V)
*Share Structureas of 11/3/2025Since October 28, gold prices have fluctuated between US$3,910 and US$4,040.
Over the weekend, China announced a revision to its gold tax policy. Previously, retailers could offset a 13% value-added tax when selling gold acquired from the Shanghai Gold Exchange and Shanghai Futures Exchange. The new policy reduces this offset to 6% for certain retailers, specifically jewelry sellers and those not affiliated with the exchanges.
Following the announcement, share prices for Chinese jewelry companies declined. Some analysts anticipate that this tax change will lead to higher retail prices for gold jewelry in China and potentially worldwide.
Ownership and Share Structure2
About 13% of the company is owned by insiders and close associates and about 6% by institutions. The rest is retail and high net worth investors.
Top shareholders include Torr Resources Corp. (owned by CEO Malcolm Dorsey) with 7.65%, John Williamson with 5.46%, Sean Richard William Mager with 1.24%, and the CEO Dorsey with 0.11%, Refinitiv reported.
Torr has a market cap of CA$7.05 million and 52.26 million shares outstanding. It trades in a 52-week range between CA$0.08 and CA$0.18 per share.
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Important Disclosures:
Torr Metals Inc. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Torr Metals Inc.Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.For additional disclosures, please click here.
1. Disclosure for the quote from the John Newell article published on October 6, 2025
For the quoted article (published on October 6, 2025), the Company has paid Street Smart, an affiliate of Streetwise Reports, US$3,000.Author Certification and Compensation: John Newell of John Newell and Associates was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Newell holds a Chartered Investment Management (CIM) designation (2015) and a U.S. Portfolio Manager designation (2015). The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.John Newell Disclaimer
As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it's advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance.
2. Ownership and Share Structure Information
The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.