Key Takeaways From Celerity’s Shareholder Meeting And What They May Mean For The Boulder Copper Project Going Forward.
Corey Safran, CEO of Celerity Minerals, joined the June Morgan Report Mastermind to update members on the company’s project in Montana. David Morgan introduced Celerity as a private copper opportunity he had previously shared with the group, noting that he is a shareholder and that limited room may still be available in the current private placement.
Corey’s main message was that Boulder may be one of the most attractive copper exploration projects in the United States. The project is located about 16 miles from the historic Butte Copper Complex, one of the largest copper systems ever discovered. Corey explained that Boulder appears to share key geological, structural, and mineralization characteristics with Butte.
Rather than rushing into drilling, Celerity has spent the past several years building a stronger technical case. The company became 100% owner of the property in 2021 and has been permitted to drill since 2023, but management chose to complete additional geophysical, geochemical, structural, and core re-logging work before launching a drill program.
A major point of the presentation was that seven historical drill holes have now been interpreted as being inside the copper porphyry system. Corey highlighted several important indicators, including chargeability, structure, tourmaline, USTs, and similarities to the Butte system. He said this work has helped the company better define its drill targets and potentially reduce drilling costs by focusing on shallower, higher-confidence areas first.
Celerity believes the system may extend roughly four kilometers east to west, with the possibility of expanding closer to eight kilometers if the western graben model is confirmed. The company is also evaluating the north-south potential.
Corey emphasized that Celerity has kept dilution low, growing from about 35.5 million shares in 2021 to roughly 43.355 million by the end of 2025. The current private placement is being offered at 30 cents Canadian, implying about a $13 million market cap, which Corey argued is low compared with similar public copper exploration companies.
The next steps are to finish the final technical work, have the data reviewed by independent porphyry expert Steve Garwin, prepare the data room, raise drill capital at a re-rated valuation, and begin drilling as soon as practical, potentially in 2026 or more likely in early 2027.
