CANDENTE COPPER ADVANCEMENT ON ALL FRONTS
The latest news release from Candente Copper is the outline to something much greater.
Highlights and Comments:
Drill permit applications are being advanced for 20,000 meters of drilling to be completed in two phases with several priority drill targets identified to date which are expected to provide significant exploration upside. – the fact that they have barely drilled Sur and they already know it contains billions of pounds of copper is amazing, but they are also going to drill Verde which is going to add to the payload of copper and gold for Candente… this is a sure thing, I just wonder how many more billions will they have 2, 4, 8, 10 billion?
Resumption of activities with Whittle Consulting Ltd. (“Whittle Consulting”) on Project Optimization with key project opportunities identified that will be incorporated in an updated optimized NI 43-101 Preliminary Economic Assessment (“PEA”) currently underway that is targeted for publication by Q3-2023 – any increase in economics is only going to add value to this already economical project. Their Strip Ratio is only 0.66:1. Considering previous economics, Canariaco can churn 110,000 tones per day and that was prior to the Sur discovery, so add in Sur and Verde and that churn can move up significantly; the higher the churn the quicker the payback. The Canariaco project is enormous.
Private Placement with Whittle Equity Pty Ltd at 28% Premium to Market – if they are buying shares at 18 cents it signals that there is much more price appreciation to come.
Name Change to Alta Copper Corp. and Share Consolidation – the name change is a very positive step as it reinforces the new direction of the company from the top down. The share consolidation is necessary as the float is currently over 300 million and to move the direction of the stock in any meaningful way would require millions of shares to trade each day, with the 1:4 reverse split you immediately reduce the shares outstanding to 75 million; to put that in perspective, that’s how many shares FMG currently holds right now. Once complete 10,000 shares can move the share price up significantly. Individual shareholder equity stake remains unchanged after the split. The important point to note is that the restrictions placed on Financial Institutions including Pension Funds will be lifted once the split is complete as the share price will no longer prevent them from investing. Significant upside is foreseeable and inevitable.
Advancement of Community Engagement – reactivation of the community is excellent, hiring educated community members and renewal of agreements is extremely positive. The company is working directly with the Chamber of Commerce of Lambayeque and government officials at all levels to support the region. The fact that Mr. Inchaustegui the former Vice Minister and Minister of Energy and Mines of Peru is directly involved should not be ignored.
Upgraded Listing for U.S. investors on the OTCQB under symbol “DNCUF” – global access to trading is key to Candente’s success. USA investors are now able to access Candente shares and strategically so are European investors through the Frankfurt Stock Exchange under the symbol GW4N. One should not underestimate the influence that could come from investors not necessarily in north America.
Key Additions to Board of Directors and Senior Management – Giulio Bonifacio, do not underestimate his capabilities, he is a shareholder, and his goals are fully aligned with retail investors.
Recently completed $4 million private placement with Fortescue Metals Group Ltd. at a 26% premium to the five-day volume weighted average prices of the Company’s shares – they are about advancing the Canaricao project entirely, understand this.
GIULIO BONIFACIO representing Candente Copper live on May 3, 2023
Candente Copper To Webcast Live At Virtualinvestorconferences.Com On May 3
Company invites individual and institutional investors, as well as advisors and analysts, to attend real-time, interactive presentations on VirtualInvestorConferences.com
Vancouver, British Columbia, April 28, 2023 Candente Copper Corp. (TSX: DNT; OTCQB: DNCUF; BVL: DNT) (“Candente Copper” or the “Company”), based in Vancouver, British Columbia, focused on the development of its 100% owned Caariaco advanced staged copper project in Peru, today announced that Giulio T. Bonifacio, Executive Chair and Director of the Company, will present live at the Battery and Precious Metals Virtual Investor Conference, hosted by VirtualInvestorConferences.com, on May 3, 2023.
DATE: May 3, 2023
TIME: 10:30 AM (EDT)
LINK: https://bit.ly/44jNv83
Available for 1x1 meetings: Wednesday, May 3 to Monday, May 8, 2023
This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.
It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates.
Learn more about the event at www.virtualinvestorconferences.com.