Could Kazhiba Fund Midnight Sun’s Dumbwa Copper Expansion Without Dilution?

Could Kazhiba Fund Midnight Sun’s Dumbwa Copper Expansion Without Dilution?

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Recorded on July 23 2026 at NRS Studios

TSX Venture Exchange: MMA
OTCQX Best Market: MDNGF

Steve Yang sits down with Adrian O’Brien, Vice President of Business Development and Communications at Midnight Sun Mining, to examine the company’s copper exploration strategy in Zambia. Midnight Sun is advancing the Solwezi Copper Project, led by the Dumbwa copper system within the prolific Zambia-Congo Copperbelt. Adrian explains why management is applying a systematic fence-drilling program across Dumbwa’s 20-kilometre copper-in-soil anomaly and how the company is evaluating the scale, continuity, and higher-grade zones within the system. The discussion covers the project’s proximity to major operations including First Quantum’s Kansanshi Mine and Barrick Mining’s Lumwana Mine, along with Zambia’s established mining sector and developing transportation infrastructure. Adrian also reviews Kazhiba Main, its near-surface indicated copper resource, and the strategy to potentially monetize the asset as a non-dilutive funding source for continued work at Dumbwa. The interview closes with Midnight Sun’s financing history, institutional and insider ownership, treasury position, M&A objective, and the experience of the leadership team.

Key topics:

Midnight Sun Mining’s Solwezi Copper Project
Dumbwa’s 20-kilometre copper system
Systematic fence drilling and project delineation
Near-surface copper mineralization
Zambia’s Domes Region and Copperbelt
Kansanshi and Lumwana regional comparisons
Lobito Corridor and copper infrastructure
Kazhiba Main indicated copper resource
Potential non-dilutive funding strategy
Share structure and institutional ownership
Leadership experience and M&A positioning

Midnight Sun Mining:

Website: https://midnightsunmining.com/
Project information: https://midnightsunmining.com/multiple-target-areas/
Contact Adrian O’Brien: adrian@midnightsunmining.com

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Chapters:

00:00 A 30 Million Dollar Drill Strategy
01:19 Steve Yang Introduces Adrian O’Brien
01:44 Midnight Sun Mining and TSXV MMA
02:33 The Copper Exploration Thesis
06:44 Dumbwa’s 20-Kilometre Copper System
10:02 Zambia’s Jurisdiction and Infrastructure
13:08 The Lobito Corridor
14:45 How Midnight Sun Acquired the Project
19:08 Billion-Tonne Regional Comparisons
23:01 Dumbwa and the Lumwana Analogue
25:42 Investor Upside and Drilling Strategy
28:57 Kazhiba Main and Non-Dilutive Funding
31:13 Share Structure and Institutional Ownership
33:40 The Midnight Sun Leadership Team
36:40 Steve Yang’s Disclosure and Closing

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