GREAT NEWS RELEASE; Nevada Copper Corp. Announces Further Ramp-up
Progress & Closing of Credit Facility Increase -
January 6, 2021
https://nevadacopper.com/news/
https://nevadacopper.com/
Nevada Copper Corp Start NEW 5000 ton per day Mill Production;
NEWS RELEASES Nevada Copper Completes Key Underground Milestone
December 29, 2020
View PDF
https://nevadacopper.com/news/nevada-copper-completes-key-underground-milestone/
Yerington, NV – December 29, 2020 –
Nevada Copper Corp. (TSX: NCU) (OTC:NEVDF) (“Nevada Copper” or the
“Company’’) is pleased to announce the completion of the underground
materials handling system of the main shaft.
The materials handling system represents a significant milestone in the
construction of the Company’s underground project which included
sinking the vent shaft, sinking the main shaft, and construction of the
processing plant.
The completion of this milestone allows for a significant increase in
hoisting rates, from currently 1000 tpd to ultimately 5000 tpd once
commissioning and ramp-up are completed.
This is expected to enable the underground mine to deliver substantially
higher volumes of ore directly from the mine to the processing plant.
Mike Ciricillo CEO of Nevada Copper comments,
“I am very pleased we have achieved this construction milestone.
With the completion of the materials handling system, we can now
utilize the full hoisting capacity of the main shaft as we ramp up the
mine towards full production.
The team, both Nevada Copper and contractor employees, worked hard,
worked together, and more importantly, worked safely, to achieve this
result.
I’m proud of the team and proud to be a part of Nevada Copper.”
Qualified Persons
The information and data in this news release was reviewed by Greg
French, C.P.G., and David Sabourin, P.E, for Nevada Copper, who are
non-independent Qualified Persons within the meaning of NI 43-101.
About Nevada Copper
Nevada Copper (TSX: NCU) is a copper producer and owner of the Pumpkin
Hollow copper project.
Located in Nevada, USA, Pumpkin Hollow has substantial reserves and
resources including copper, gold and silver.
Its two fully permitted projects include the high-grade underground
mine and processing facility, which is now in the production stage, and
a large-scale open pit Gold, Silver & Copper project, which is advancing
towards feasibility status.
NEVADA COPPER CORP.
http://www.nevadacopper.com
Mike Ciricillo, President and CEO
For further information contact:
Rich Matthews, Investor Relations
Integrous Communications
rmatthews@integcom.us
+1 604 355 7179
Nevada Copper - Pumpkin Hollow Project Extract
Jun 1, 2020
https://www.youtube.com/watch?v=BaC61zg7GYM
Nevada copper very Undervalued, oversold @ a bargain,
Imo!
Nevada Copper | Pumpkin Hollow Is Now In Production ! ! !
1,514 views •Dec 20, 2019
https://www.youtube.com/watch?v=rFw0OFaTHKs
Nevada Copper - Worth $0 or a $billion. I'm betting on a $billion.
Dec 16, 2020
Robert Pavich
Investment research and analysis of Nevada Copper.
Here is how to research a mining company in general and research on
Nevada Copper specifically.
Nevada Copper is on its way to becoming a mid tier copper producer....
https://www.youtube.com/watch?v=hk_WhFu7FlA
Is Nevada Copper now on its way to $10,000 per ton?
1,138 views•Nov 25, 2020
PRESENTATIONS
https://nevadacopper.com/investors/presentations/
https://nevadacopper.com/investors/videos/
https://nevadacopper.com/
https://nevadacopper.com/projects/photos/surface-works-photos/
Gold & Silver bulls starting to break out > ^ > ^ > ^
https://www.youtube.com/watch?time_continue=5&v=RDZQoQ61RrY&feature=emb_logo
Click the image
God Bless
ex....
NEVADA COPPER PROVIDES FINANCING UPDATE
https://nevadacopper.com/news/nevada-copper-provides-financing-update/
Yerington, NV – November 24, 2020 –
Nevada Copper Corp. (TSX: NCU) (“Nevada Copper” or the
“Company’’) is pleased to announce that it has agreed to non-binding terms with its senior lender, KfW
IPEX-Bank GMBH (“KfW”) and is engaged in ongoing discussions with other lenders to provide a
combined financing package of at least US$30 million.
The Company is working with KfW and the
other lenders with the aim of executing binding agreements for loan facilities and being able to receive
funding thereunder by the end of 2020.
The proposed financing package will provide substantial additional liquidity for Nevada Copper as it
ramps-up operations into 2021.
Under the non-binding term sheet with KfW, it is proposed that KfW
will provide a new US$15 million senior loan, with a three-year tenor, at an interest rate of LIBOR plus
4.9%.
This new KfW loan is expected to have a 12-month repayment holiday period.
In addition,
amortization and debt service account payments under the Company’s existing senior project loan
facility with KfW are expected to be deferred until 2023.
The Company is also in the process of
finalizing the specific terms of an additional complementary financing from other lenders and will
provide an update in due course.
The proposed combined financing package is subject to, amongst other things, finalization of terms
with KfW and the other lenders, negotiation and execution of definitive documentation, satisfaction of
conditions precedent and regulatory approval, if required.
As previously announced on November 10, 2020, Pala Investments Limited (“Pala”), the Company’s
largest shareholder, confirmed that it will continue to provide financial support to the Company until
the end of the year, by which time the Company expects to complete the new financing package.
In
connection with this, Pala has provided the Company with access to additional liquidity of up to US$15
million in the form of a promissory note (the “Promissory Note”).
The Company made an initial draw
of US$2 million under the Promissory Note, with subsequent draws available at the Company’s option,
subject to agreed use of proceeds.
The Promissory Note has a maturity date of January 31, 2021, bears
interest at 8% per annum on amounts drawn, and is expected to be repaid through the funds received
from the US$30 million financing package as outlined above.
The negotiation and approval of the
Promissory Note was supervised on behalf of the Company by the independent members of the
Company’s board of directors.
There can be no assurance that the definitive binding agreements for the proposed financing package as
outlined above will be entered into or that those transactions will be completed.
If the financing package
is not completed, then absent obtaining other financing, the Company may not be able to continue
operations.
About Nevada Copper
Nevada Copper (TSX: NCU) is a copper producer and owner of the Pumpkin Hollow copper project.
Located in Nevada, USA, Pumpkin Hollow has substantial reserves and resources including copper,
gold and silver.
Its two fully permitted projects include the high-grade underground mine and
processing facility, which is now in the production stage, and a large-scale open pit project, which is
advancing towards feasibility status.
NEVADA COPPER CORP.
http://www.nevadacopper.com
Mike Ciricillo, President and CEO
For further information contact:
Rich Matthews, Investor Relations
Integrous Communications
rmatthews@integcom.us
+1 604 355 7179
Cautionary Language
This news release includes certain statements and information that constitute forward-looking
----
statements. Accordingly, readers should not place undue reliance on forward-looking statements and
information.
https://nevadacopper.com/news/nevada-copper-provides-financing-update/
As of Thursday, overseas investors will be able to trade copper
futures on the Shanghai International Energy Exchange.
China Wants a Made-in-China Copper Price
Bloomberg
Clara Ferreira Marques
,Bloomberg•November 15, 2020
https://s.yimg.com/uu/api/res/1.2/c1rBekQIwH6CAqSd3bsjXg--~B/aD0yMDIwO3c9MzAwMDtzbT0xO2FwcGlkPXl0YWNoeW9u/
(Bloomberg Opinion) -- China’s next move to open up its commodities markets may be a step change.
As of Thursday, overseas investors will be able to trade copper futures on the Shanghai International Energy Exchange. It’s not the first such product: A yuan-denominated crude oil contract, launched in March 2018, has been modestly successful. A subsequent push to let foreigners trade iron ore in Dalian established a global benchmark. Copper could outshine these efforts, thanks to fortuitous timing, global appetite for an economic bellwether and the sheer clout of the world’s largest consumer.
The ambition is clear. Beijing wants increased pricing power in the commodities markets it dominates, specifically when the country imports that ingredient. It no longer wants to be just a price taker. China also wants to bolster use of the yuan for transactions overseas, part of a sputtering, long-term strategy to raise the profile and influence of the currency. At the same time, the government wants domestic companies to do more to hedge against volatility. Allowing foreigners to trade oil and iron ore — along with rubber, low-sulfur fuel oil and purified terephthalic acid or PTA, a petrochemical derivative — goes some way toward all of that.
Copper promises to be an even bigger advance. The metal is a key indicator for an economy that has recovered faster than the rest of the world from the coronavirus. While there is an existing contract on the Shanghai Futures Exchange, intended for local traders, the new one, traded on subsidiary INE, will be open to foreigners. The contract size is the same, but this one will exclude tax and customs duty, and will be delivered into bonded warehouses, helping it compete actively with the London Metal Exchange.
Benchmarks are hard to create, as the oil market shows. Initiatives to shift away from established U.S. dollar contracts, such as Urals crude on the St. Petersburg exchange, have faltered. Shanghai’s yuan-based contract is the country’s first, and perhaps most dramatic, endeavor in international futures markets. While performing relatively well, it hasn’t become an indispensable benchmark or caught up with Brent and West Texas Intermediate in volume, let alone in open interest, the number of futures contracts outstanding. A worrying spread that opened up in the spring, suggesting a distorted market, has now rebalanced.
Story continues
https://news.yahoo.com/china-wants-made-china-copper-230002402.html
https://nevadacopper.com/news/nevada-copper-provides-operations-update-and-announces-filing-of-q3-2020-financial-statements/
Share Statistics Avg Vol (3 month) 3 1.75M Avg Vol (10 day)
Share Statistics
Avg Vol (3 month) 3 1.75M
Avg Vol (10 day) 3 4.14M
Shares Outstanding 5 1.49B
Float 327.71M
% Held by Insiders 1 41.19%
% Held by Institutions 1 25.21%
Shares Short (Oct. 15, 2020) 4 1.08M
Short Ratio (Oct. 15, 2020) 4 1.38
Short % of Float (Oct. 15, 2020) 4 N/A
Short % of Shares Outstanding (Oct. 15, 2020) 4 0.07%
Shares Short (prior month Sep. 15, 2020) 4 1.21M
https://ca.finance.yahoo.com/quote/NCU.TO/key-statistics?p=NCU.TO
Some short selling have been going on and they should dive
for cover, imo!
RE:RE:RE:What we know so far
RE:
Insider Summary
Last 12 Months
2,531,000 Shares Traded
12 Buys / 2 Sells
https://stockhouse.com/companies/insiders?symbol=t.ncu
Iorich, Vladimir
Ex...
https://www.celebritynetworth.com/richest-businessmen/richest-billionaires/vladimir-iorich-net-worth/
Ex. Iorich Vladimir bought in NCU for a much higher price and I am sure
he still will be doing very well on the LT longer term
Imo!
Nevada Copper - Pumpkin Hollow Project Extract -
https://www.youtube.com/watch?v=fMZC65A7GPk
https://www.youtube.com/watch?v=rFw0OFaTHKs
https://nevadacopper.com/news/
https://nevadacopper.com/investors/presentations/
Gold will benefit from gov't stimulus, but copper could run further
Michael McCrae
Friday October 23, 2020 18:24
Kitco NewsShare this article:
The Democrats stimulus plan will be postive for gold, but it will be
extremely positive for copper, said John Thomas Steen, associate
professor at the University of British Columbia's mining school.
On Friday Steen joined Kitco Roundtable to discuss stimulus, renewables
and the electrification of everything, and the knock on affect on
metals, chiefly copper and nickel.
Steen was joined by correspondent Paul Harris; editor Neils
Christensen; and mining audiences manager, Michael McCrae.
Republican and Democrat leadership are negotiating COVID-19 stimulus
package in excess of $2 trillion.
President Biden is ahead in the polls, which could tilt the eventual
stimulus to policy goals favored by Democrats.
"A Biden win is extremely positive for copper. The estimated cost of
preparing the electricity grid in the U.S. ... is about a trillion
dollars.
That's a huge stimulus, but it's a wicked amount of copper,"
said Steen.
Steen argues that the whole story of battery material demand seems to be
driven by cars and Tesla, but that misses a larger picture.
"In the mining space, we have to look beyond the cars.
Cars are getting a lot of attention [due] to the magnetism and charisma
of Elon Musk, but there's a much, much bigger story here.
It's the electrification of everything."
Steen notes that China plans to use its stimulus to decarbonise, and
4,000 tonnes of copper are needed to produce enough solar panels for
1GW of electricity.
Big miners like Rio Tinto and BHP Billiton are preparing for future
copper demand.
In the spring the number two gold miner, Barrick Gold, said it is on
the hunt for copper deals.
Earlier this week Newmont's Tom Palmer told Reuters that copper will
account for up to one-fifth of the metal produced by the end of the
decade given its current project pipeline.
Copper is currently trading at a two-year high.
By Michael McCrae
For Kitco News
Contact mmccrae@kitco.com
www.kitco.com
Nevada Copper Corp Ord TSX:NCU Alternate Symbol(s): NCU.W | NEVDF
PRESENTATIONS
https://nevadacopper.com/investors/presentations/
https://nevadacopper.com/investors/videos/
https://nevadacopper.com/
https://nevadacopper.com/projects/photos/surface-works-photos/
Gold & Silver bulls starting to break out > ^ > ^ > ^
https://www.youtube.com/watch?time_continue=5&v=RDZQoQ61RrY&feature=emb_logo
Gold, Silver & Copper bulls starting to break out > ^ > ^ > ^
Base metals follow Mother Gold smile)
https://www.youtube.com/watch?time_continue=5&v=RDZQoQ61RrY&feature=emb_logo
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
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