U.S. Copper to extend 26.4 million warrants to 2024
2023-11-14 17:54 ET - News Release
Mr. Stephen Dunn reports
US COPPER CORP. ANNOUNCES WARRANT EXTENSION
U.S. Copper Corp. has decided to extend the expiry date of 26.4 million share purchase warrants, which allow holders to purchase up to 26.4 million common shares in the authorized share capital of the company at an exercise price of 10 cents per share, from Nov. 19, 2023, to May 20, 2024. All other terms of the Warrants will remain unchanged. The extension of the expiry date of the aforementioned Warrants by nine months is subject to TSX Venture Exchange approval.
About US Copper Corp
US Copper controls approximately 13 square miles of patented and unpatented federal mining claims in the Light's Creek Copper District in Plumas County, NE California; essentially, the entire District. The District contains substantial copper (silver) sulfide and copper oxide resources in three deposits - Moonlight, Superior and Engels, as well as several partially tested and untested exploration targets.
The Superior and Engels Mines operated from about 1915-1930 producing over 161 million pounds of copper from over 4 million tons of rock containing 2.2% copper with silver and gold credits.
The Moonlight Deposit was discovered and drilled by Placer Amex during the 1960's. Details of the resources on US Copper's property and the parameters used to calculate them can be found in the "Technical Report and Preliminary Economic Assessment for the Moonlight Deposit, Moonlight-Superior Copper Project, California, USA" dated April 12, 2018, on both the company's website at www.uscoppercorp.com or on www.sedar.com under the US Copper Corp profile.
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