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 9:41pm

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Post# 36083935

RE:RE:RE:Chapter 11

Well its complicated and theres basically an impasse. Pala needs capital but hey do NOT want to dilute to protect their equity. Elliot does NOT want NCU to go bankrupt since they own a major stake a la Triple flag but they also want a good deal.

The Chp 11 is just arbitration.

The insane speed at which Elliot put down $60 mill DIP tells me they are serious to keep the lights on at NCU.

I think Pala is just stubborn. Won't give an inch on dilution.

Court may force a decision.

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