Nevada Copper Corp T.NCU.WT.C

Primary Symbol: T.NCU Alternate Symbol(s): NEVDQ

Metals & Mining Copper

Nevada Copper Corp is a Canada-based mining company. The Company is engaged in the development, operation, and exploration of its copper project (the Project) at its Pumpkin Hollow Property (the Property) in Western Nevada, United States of America. Its two fully permitted projects include the high-grade Underground Mine and processing facility, which is undergoing a restart of operations, and a large-scale open pit PFS stage project. The Property is located in northwestern Nevada and consists of approximately 24,300 acres of contiguous mineral rights including approximately 10,800 acres of owned private land and leased patented claims. Pumpkin Hollow is located approximately 8 miles southeast of the small town of Yerington, Nevada in Lyon County, one- and one-half hours drive southeast of Reno. The Company’s wholly owned subsidiary is Nevada Copper, Inc.

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Nevada Copper Corp > Chapter 11

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Comment by mckayk3on Jun 11, 2024 8:43pm

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Post# 36083857

RE:Chapter 11

Elliot owns Triple flag which, if you recall, made a big bet on NCU. Pala knows this - and probably has this leverage on Elliot. Although I can't reason why Pala would play brinkmanship here... doesn't add up. Also its very strange Pala would buy $28M worth of stock prior the bankruptcy announcement. Why not a $28M secured loan? If NCU was truly bankrupt the a loan would have priority over equity in bankruptcy. Something doesn't add up.

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