Nevada Copper Corp NEVDQ

NEW CORNERSTONE INVESTORS

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Experts see great potential in Nevada Copper, a mining company operating since 2007. It maintains its 60 sq km Pumpkin Hollow project in the state of Nevada, not far from the headquarters of Google and Tesla. The high-grade project, which in addition to copper also contains gold and silver, involves major players such as Castlelake, Blackrock and Pala Investments. With the change in leadership last fall, Nevada Copper finally seems to be on track after years of delays and fallout. New CEO Randy Buffington solved the first difficult task with flying colors. He secured additional financing and a significant deferral and extension of credit facilities with KfW, a senior lender to Pumpkin Hollow, and major shareholder Pala Investments, which holds about 38% of Nevada Copper. In addition, the Canadians secured around EUR 78.50 million through a capital increase. Here, two additional major investors were landed, each with a shareholding of 10.4%. Both Solway and Mercuria secured a larger piece of the pie by subscribing for USD 30.00 million each. In addition to securing financial backing for the next few years, Nevada Copper is also stepping on the gas operationally. The news that the Company has 50% higher development rates than in November 2021 and an increase of almost 100% compared to August 2021 shows a clear trend. The acceleration is expected to continue in the first quarter. This year, the Canadians also plan to mine another high-grade copper adit called "Sugar Cube". Nevada Copper is once again a force to be reckoned with. Fundamentally, the Company is on a healthier footing. The increase in Pala's stake and the addition of the two new major shareholders, Solway and Mercuria, speak for themselves. https://news.financial/comments/byd-nevada-copper-nordex-copper-the-next-run