Nevada Copper Corp 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 > We wonder if anyone knows how

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Comment by emma1500on Nov 12, 2021 12:28pm

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Post# 34120166

RE:RE:RE:RE:RE:RE:We wonder if anyone knows how

Balance sheet restructuring announcement 2 months ago (non binding term sheet). Pala mentions US138m new facility including US41m of new money which was KFw condition so (138-41)/0.8 = C121m debt from Pala as at Beginning November . 89mx1.15 (assuming overallotment which Pala will match) = 102m x 0.77= C$79m toward debt repayment so C$42m left but part of the marketer offering also goes toward some money that Pala advanced in October / November. Not clear but looks like it was US13m or C$16m so in short most Pala debt is gone (c26m kept!) and use of proceeds of market deal + private placement with over allotment is actually more 45% debt (not 40%) and rest for project or C115m (55% x 210m equity issuance see my prior post). Lots of money for a company that thought would be cash flow neutral this quarter... and the warrant for Pala extension must be voted down. 11m warrant to extend c26m...

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