Canadian Halal Investor.

TSX Shariah screener · October 2026

Is Coppernico Metals Inc. (COPR) Halal?

FAIL

Coppernico Metals Inc. · TSX: COPR · Materials

The short answer

No — Coppernico Metals (COPR) does not pass this Shariah stock screen. Its copper-gold exploration business (flagship Sombrero project, Peru) has no prohibited lines and it carries zero interest-bearing debt (≈0.0% of its ~C$72.62M market cap at C$0.3775/share, Oct 1, 2026), but as a pre-revenue explorer its only income line is interest income (C$13,679 in Q1 2026) with C$0 operating revenue — so the income gate fails per this screen's pre-revenue-explorer precedent. No Zoya, Musaffa, or ShariaPortfolio rating was found for this ticker — honestly reported as absent, not invented.

Gate 1 — Business activity: PASS

Coppernico Metals Inc. (TSX: COPR, formerly Sombrero Resources Inc., renamed December 2021) is a pre-revenue Canadian mineral exploration company whose business is the acquisition and exploration of mineral properties — principally the Sombrero copper-gold project in southern Peru (copper-gold skarn, porphyry and precious-metal epithermal targets), held through its wholly-owned Peruvian subsidiary Sombrero Minerales S.A.C. It also trades on OTCQB under CPPMF. None of the disclosed business lines — mineral exploration — are prohibited lines, and it has no revenue from any haram segment. Gate 1 passes. Facts only.

Gate 2 — Debt and cash: PASS

Coppernico Metals carries no interest-bearing debt — Q2 2026 quarterly fundamentals show total debt, long-term debt and short-term debt all at C$0.00 (Motley Fool, Oct 2026), and the Q1 2026 interim balance sheet likewise carried no borrowings (liabilities were ~C$1.22M of accounts payable/accrued liabilities plus ~C$2.6M of site-reclamation provision). Debt ÷ market cap is about 0.0% against a ~C$72.62M market cap (C$0.3775/share, Oct 1, 2026) — well under the ~33% ceiling. Total cash was ~C$5.06M at Q2 2026. Gate 2 passes. Facts only.

Gate 3 — Non-compliant income: FAIL

Coppernico Metals is a pre-revenue explorer — revenue was C$0.00 in Q2 2026 (Motley Fool quarterly fundamentals; annual sales also $0). Its only income line is interest income on cash balances (e.g., C$13,679 in Q1 2026, per the interim financial statements). Per this screen's standing precedent for pre-revenue explorers with only interest income and no operating revenue, the income gate fails and the non-compliant income percentage is written as null. Gate 3 fails. Facts only.

Key figures used

Frequently asked questions

What does Coppernico Metals do?

Coppernico Metals Inc. is a pre-revenue Canadian mineral exploration company focused on discovering large-scale copper-gold deposits in the Americas. Its flagship asset is the Sombrero copper-gold project in southern Peru (held through wholly-owned subsidiary Sombrero Minerales S.A.C.), targeting copper-gold skarn, porphyry and precious-metal epithermal systems. It was formerly Sombrero Resources Inc. (renamed December 2021), is based in Vancouver, and is led by Chair & CEO Ivan Bebek. Listed on the TSX since August 13, 2024, it also trades on OTCQB under CPPMF.

Why does Coppernico Metals fail this Shariah stock screen?

Coppernico Metals is a pre-revenue explorer: revenue was C$0.00 in Q2 2026, so its only income line is interest income (e.g., C$13,679 in Q1 2026). Under this screen's standing precedent for pre-revenue explorers with only interest income and no operating revenue, the income gate fails. Its business (copper-gold exploration) passes the business gate, and it carries zero interest-bearing debt (≈0.0% of market cap) so the debt gate passes — but one failed gate means it does not pass this Shariah stock screen. This is a factual screen, not a religious ruling — consult a qualified scholar for personal guidance.

What is Coppernico Metals' interest-bearing debt ratio?

Coppernico Metals carries no interest-bearing debt — Q2 2026 quarterly fundamentals show total debt, long-term debt and short-term debt all at C$0.00 (Motley Fool), and the Q1 2026 balance sheet carried no borrowings either (liabilities were accounts payable/accruals of ~C$1.22M and a site-reclamation provision of ~C$2.6M). Debt ÷ market cap is therefore about 0.0% against a ~C$72.62M market cap (C$0.3775/share, Oct 1, 2026) — well under the ~33% ceiling. The debt gate passes.

What is Coppernico Metals' non-compliant income ratio?

Coppernico Metals is pre-revenue, so it has no operating revenue against which to measure interest income. Its only income line is interest income on cash balances (C$13,679 in Q1 2026, per the interim financial statements). Per this screen's precedent for pre-revenue explorers with only interest income and no operating revenue, the income gate fails and the non-compliant income percentage is reported as null rather than a computed ratio.

Do Zoya, Musaffa, or ShariaPortfolio cover Coppernico Metals?

No rating or coverage of Coppernico Metals (TSX: COPR) was found on Zoya, Musaffa, or ShariaPortfolio — honestly reported as absent, not invented. This page applies the screen directly from the company's filings: Q1 2026 interim financial statements and Q2 2026 quarterly fundamentals.

Sources

Screened 2026-10-01 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.

Screened with our two-gate Shariah screening methodology (business-activity gate, then AAOIFI-style financial ratios).