Nevada Copper Corp NEVDQ

Industrials Conglomerates

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 > KFW, Aurubis, Off-take, Financing

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Post by RoyKerron Aug 08, 2022 8:26am

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Post# 34878147

KFW, Aurubis, Off-take, Financing

The untied loan guarantee under the German Federal Government’s UFK scheme and the contribution from KfW IPEX-Bank stem from a long-term off-take agreement between Nevada Copper and German firm Aurubis AG, one of the leading copper producers and the world's largest copper recycler.

-kfw from 2019

Europe depends entirely on external supplies & Aurubis is Europe's largest copper producer. Commodity offtake agreements usually involve buying some or all of a projects production, it helps to ensure supply.

If kfw/Aurubis is still interested in the 4-5B pounds of copper, my guess is this will be where the financing comes from. The offtake may include some discounting. Let's hope we see some news soon.

I doubt we will see new stock issued, so the options are sale or new German bank money.