Friday, May 30, 2025

Latest

Canadian Copper Sells Two Projects For Up To $2.1 Million In Consideration

FULL DISCLOSURE: The Deep Dive is long the equity of Canadian Copper.

Canadian Copper (CSE: CCI) has disclosed it intends to center its focus on its Murray Brook project, which it says is New Brunswick’s largest undeveloped open pit polymetallic resource. The company as a result has entered into sales agreements for two of its option agreements, with consideration to be provided in the form of cash and shares.

The sales arrangements will see its option agreement rights for the Chester Project sold for $1.4 million, while similar rights for the Turgeon Project will be sold for $0.7 million. Total consideration under the two arrangements will provide the company with up to $2,160,000 in cash and shares.

Both of the sales agreements have been entered into with Raptor Resources, with cash payments totaling $1.35 million being contingent on Raptor listing its shares on the Australian Stock Exchange. Canadian Copper meanwhile is slated to receive 4.0 million shares in Raptor under the terms of the agreement.

“Focus is essential when navigating the current capital markets situation for most junior miners in Canada today. We believe this strategic divestment achieves two objectives for us. First, it enables Canadian Copper to allocate capital exclusively on the advanced large open pit Murray Brook deposit and surrounding exploration ground, while still participate in Chester and Turgeon resource growth through Raptor Resources shares. Second, this transaction will strengthen Canadian Copper’s balance sheet without shareholder dilution,” commented Simon Quick, CEO of Canadian Copper.

Canadian Copper last traded at $0.085 on the CSE.


FULL DISCLOSURE: Canacom Group, the parent company of The Deep Dive is long the equity of Canadian Copper. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Canadian Copper Outlines $171 Million NPV, 36% IRR In PEA For Murray Brook And Caribou Complex

Canadian Copper (CSE: CCI) has delivered a much-anticipated preliminary economic assessment. The PEA focuses on...
Thursday, May 22, 2025, 08:14:40 AM

Canadian Copper Begins Trading On The CSE

Canadian Copper (CSE: CCI) became the latest issue to hit the Canadian Securities Exchange, experiencing...

Tuesday, July 26, 2022, 03:50:00 PM

How Canadian Copper Is Defying the Odds in Junior Mining

If you’ve been around junior markets for any length of time, you’ve probably found yourself...

Sunday, November 24, 2024, 07:32:00 AM

US Tariffs vs Canadian Mining: What’s Really at Stake? | Simon Quick – Canadian Copper

In this interview, Simon Quick, CEO and Director of Canadian Copper Inc. (CSE: CCI), discusses...

Thursday, February 13, 2025, 03:01:00 PM

Canadian Copper Sees Positive Results From Early Metallurgical Testwork

Positive results were released this morning from an ongoing metallurgical testwork program being conducted by...
Monday, February 10, 2025, 09:41:51 AM