Nevada Copper Corp T.NCU

"The Company requires additional financing

[bogfit]

in order to complete the ramp-up of the Underground Mine."

End of story.

b.

[cnynman]

But this says even more: There is no assurance that additional financing will be obtained in a sufficient amount, or at all. In the absence of securing sufficient funding from Pala or other third parties, the Company will not be able to continue carrying on business.

[bogfit]

How willing investors might be in a global slowdown in China to invest in a copper startup is questionable, and will be reflected in the cost of any additional financing. b.

[cnynman]

I think the most unsettling news for stock holders in that PR may be: except such debt is unsecured and not guaranteed by the Company’s subsidiaries and the interest rate on the debt is SOFR + 10% and it matures in December 2024. Pala is not some 'benevolent auntie'.  Their continued investment is strategic to their long term interests. Those interests likely don't align with