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

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Post by Paramounton Sep 06, 2024 11:12pm

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Post# 36212887

Extension to Chapt 11 plan

From reading this court proposal it gives me the impression that bids to date would not cover all debts owed to creditors.
I may be wrong but i would think that a chapter 11 plan to wind up/restructure or carry on with operations would be much simpler if the bid would allow all crditors to be made whole.
Seems there will be a bit of give and take among creditors ,leaving holders of stock with memories of promises and hopes.

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