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 > NCU

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Comment by JayGriffon Aug 06, 2023 2:02pm

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Post# 35575481

RE:RE:RE:RE:RE:NCU

With the exercising of these recent warrants, the company's $82M debt was converted to equity which bumped Pala's ownership from 49% to 61%. Those warrants expire in 2026. If exercising those warrants provided more funding for Nevada Copper, I would understand that, but it was to reduce the debt which also significantly increased Pala's ownership. The timing of this makes me question a possible short term agenda at play for Pala. The dilution of the shares is crazy... maybe it's a way to quickly bring this company's MC closer to what its intrinsic value is once production is state. The company's MC was greater in 2018 than it is today, and when copper was cheaper and not labelled a critical metal by USA agency.

P.S I wonder what kind of premium copper mining Companies will have with copper now being labelled critical by USA...

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