Copper World Valuation, Funding & Investors

Copper World is valued at $3.9B as of August 2025.

Last Copper World valuation

$3.9B

Secondary · Aug 2025

Key investors in Copper World

Copper World Overview

About Copper World

Copper World is an Arizona-based developer of the Copper World Project near Dudleyville. The open-pit mine targets 44 million tonnes of ore grading 0.54 percent copper, producing 400 million pounds annually via flotation and oxide leaching. Feasibility studies completed in 2022 support a 22-year mine life.


HQ

United StatesTucson, AZ

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Valuation

$3.9B (Aug 2025)

Copper World Valuation

Copper World is currently valued at $3.9B, based on its secondary sale in August 2025.

The $420M round was led by Mitsubishi.

Copper World valuation by funding round

Copper World valuation by funding round
DateStageValuation
Aug 2025Secondary$3.9B

Copper World Funding History

Copper World has 1 recorded secondary share sale and no primary funding rounds.

Copper World funding rounds

Copper World funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Aug 2025SecondaryMitsubishi (lead)$420M$3.9BMitsubishi Corporation acquired a 30% joint venture interest in Copper World, a copper-molybdenum-silver mining project located in Tucson, Arizona, from Hudbay Minerals Inc. for $600 million, with $420 million contributed at closing on January 9, 2026, and $180 million to be contributed within 18 months. The transaction valued the 100% project at approximately $1.16 billion based on analyst consensus net asset value estimates as of August 2025. Copper World is a fully permitted greenfield copper mine project with ore reserves of 2 million tonnes and a resource estimate of 5 million tonnes, expected to commence production around 2029. Phase 1 is projected to generate approximately 100,000 tonnes of annual copper production at peak with a 20-year mine life. On a 100% basis using a copper price of $3.75 per pound, the pre-feasibility study projects an after-tax net present value of $1.1 billion and an internal rate of return of 19%. Mitsubishi will also fund its pro-rata 30% share of future equity capital contributions required to construct the project, with total Phase 1 capital costs estimated at $1.3 billion. The deal increased Hudbay's levered project internal rate of return to approximately 90% and reduced the company's estimated remaining capital contribution to approximately $200 million, with capital contributions deferred until 2028 at the earliest.

Who has invested in Copper World?

1 investor has backed Copper World across its funding rounds, including Mitsubishi.

Lead investors include Mitsubishi.


Copper World Investors

Investors in Copper World by funding rounds participated
InvestorHQRoundsRoleFirst check

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Copper World Competitors

Copper World competitors include listed companies like Aperam, NGEx Minerals, Danieli & C. Officine and Aris Mining, and private ones like Alcoa Saudi Arabia and KoBold Metals.

Public and private companies comparable to Copper World
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
AperamGermanyGermanyPublicly listed$7B$206M$3.9B0.7x
NGEx MineralsCanadaCanadaPublicly listed-($92M)$3.9B-
Danieli & C. OfficineItalyItalyPublicly listed$4.9B$430M$3.8B0.2x
Aris MiningCanadaCanadaPublicly listed$928M$287M$3.9B3.0x
Alcoa Saudi ArabiaSaudi ArabiaJeddahPrivate--$4.4B-
KoBold MetalsUnited StatesSan Francisco, CAPrivate--$3B-

Copper World Public Comps

Copper World is still privately-owned, but its public comps include Aperam, NGEx Minerals, Danieli & C. Officine, Aris Mining, Skeena Resources, IGO, İsdemir, Century Aluminum, Hochschild Mining and Almonty Industries.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Aperam$7B$206M0.7x0.7x24.4x9.4x
NGEx Minerals-($92M)--(38.3x)(40.0x)
Danieli & C. Officine$4.9B$430M0.2x0.2x2.3x1.9x
Aris Mining$928M$287M4.3x3.0x13.9x6.0x
Skeena Resources-($128M)-37321.1x(36.2x)(58.9x)
IGO$319M$229M10.6x12.1x14.8x13.4x
İsdemir$2.5B$260M1.5x-14.0x-
Century Aluminum$2.5B$133M1.7x1.4x32.3x4.3x

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Common questions about Copper World

Where is Copper World headquartered?Copper World is headquartered in Tucson, AZ, United States.
Is Copper World publicly listed?No, Copper World is a private, VC-backed company.
What is Copper World's valuation?Copper World was last valued at $3.9B in its secondary sale in August 2025.
Who are Copper World's investors?Copper World's investors include Mitsubishi.
Which companies are comparable to Copper World?Companies comparable to Copper World include Aperam, NGEx Minerals, Danieli & C. Officine, Aris Mining, Alcoa Saudi Arabia and KoBold Metals.

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