11 Best Copper Stocks to Buy Now

2. Newmont Corporation (NYSE:NEM)

Number of Hedge Fund Holders: 65

A final deal to purchase a 100% stake in a portfolio of Australian copper-gold exploration assets from Newmont Corporation (NYSE:NEM) subsidiaries was signed by Inflection Resources on June 13, 2025.

The acquisition involves both the Tennant East project in the Northern Territory, which consists of twelve exploration licenses focusing on Iron Oxide Copper Gold prospects, as well as the Bell River project in New South Wales, which is promising for porphyry systems.

The Tennant East project covers several Iron Oxide Copper Gold targets in Australia’s Northern Territory and has not been extensively explored. One of Australia’s major mineral belts, the Macquarie Arc, is home to the Bell River project, which is considered to have outcropping lithocaps that show surviving copper-gold porphyry systems.

Inflection’s CEO Alistair Waddell stressed that these properties fit Inflection’s current exploration activities, which are sponsored by AngloGold Ashanti, and satisfy the company’s stringent exploration standards. The business seeks to unlock value in both new and current assets by using its methodical approach.