Nevada Copper Corp NEVDQ

At least 29 potential bidders (Incl. 2 pre petition bidders)

[rickwayne1982]

From Zul Jamal on July 12, 2024

As of the date hereof, the Debtors have now conducted postpetition marketing
efforts for over 30 days. To date, the Debtors, through Moelis, have contacted at least 90 potential
strategic and financial investors regarding the potential sale of the Debtors’ Assets. At least 24
interested parties have executed Confidentiality Agreements, receiving access to confidential
information presentations, financial models, and a virtual data room. At least 3 additional parties
are in the process of executing Confidentiality Agreements. This outreach is the result of extensive
work by Moelis both prior to and following the Petition Date in constructing a list of dozens of
strategic buyers through comprehensive outreach and market research, and it has generated robust
interest in the Debtors’ Assets and continuing requests for access to diligence.

In addition, I believe that the Debtors’ proposed Stalking Horse Bid Protections
(which may or may not be utilized) are reasonable considering the size and complexity of the
transaction, and the ability to offer those protections will facilitate attracting and retaining a
successful bid, establishing a bid standard and minimum for other bidders, and inviting other
potential bidders, who benefit from knowing due diligence has been successfully conducted by a
third party, to participate in the bidding process.

The Debtors’ proposed Stalking Horse Bid Protections are in the best interests of all concerned because they will enable the Debtors to set a bid floor and lay the foundation for a successful sale.

Source: Docket 369