Trekor Metals rating upgraded by S&P on Florence ramp-up

S&P Global Ratings has upgraded Trekor Metals Ltd. to 'B' from 'B-' due to anticipated improvements in cash flow and leverage as the Florence copper project in Arizona ramps up production. The outlook was revised to positive, with copper production expected to significantly increase in 2026 and 2027, leading to improved debt to EBITDA ratios and positive free operating cash flow. The upgrade is supported by favorable copper prices and the successful completion of the Florence project.