Nevada Copper Provides Update On Restart Activities At Pumpkin Hollow And The Proposed Restart Financing Package
Nevada Copper Provides Update On Restart Activities At Pumpkin Hollow And The Proposed Restart Financing Package
09/27/22, 1:11 AM
Location
vancouverIndustry
food and beverage
Nevada Copper (TSX: NCU) (OTC: NEVDF) (FSE: ZYTA) (“Nevada Copper” or the “Company”) is pleased to provide an update on planned restart activities at its Pumpkin Hollow underground copper mine (the “Underground Mine”) and developments with respect to the proposed financing package that was previously announced in the Company’s news release dated August 25, 2022 (the “Prior Announcement”). The financing is expected to provide up to US$93 million of liquidity to the Company in order to support the restart and ramp-up of the Underground Mine (the “Restart Financing Package”).
Company Info
Location
e pursel lane
vancouver, washington, united states
Additional Info
Nevada Copper (TSX:NCU) owns Pumpkin Hollow, a copper mine that aims to continue on commencing to full production. Located in Yerington, Nevada (USA), Pumpkin Hollow is host to an underground development and an open pit development. The project’s substantial reserves and resources include copper, gold and silver and the district of Yerington is host to multiple other, undeveloped deposits. With global mine supply declining and demand increasing, this is the right project at the right time.