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Nevada Copper Corp NEVDQ

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.


GREY:NEVDQ - Post by User

Comment by patchhon Oct 31, 2024 1:15am
93 Views
Post# 36290038

RE:Clarification anyone?

RE:Clarification anyone?WHEREAS, the Final Order (I) Authorizing the Debtors to (A) Obtain Postpetition
Financing, (B) Grant Liens, Including Senior Secured Priming Liens and Superpriority
Administrative Expense Claims, and (C) Utilize Cash Collateral; (II) Granting Adequate Protection
to Certain Prepetition Secured Parties; (III) Modifying the Automatic Stay; and (IV) Granting
Related Relief [ECF No. 385] (the “Final DIP Order”) 2 was entered on July 15, 202

https://document.epiq11.com/document/getdocumentbycode?docId=4399169&projectCode=NEV&source=DM

Page $ 4

this looks like the bank in germany.  look that over.  it looks like they are attempting to take a new note.

thats Cat or Cashman in Elko: the hav filed a lien for over 600K$.  these are property liens outside of the DIP - total diffrent beast' !  Power Company is in there w some nasty numbers - also w a property lien outside of the DIP...

the lienswill B applied across the board on all of the ptroperties.  they are no longer shielded in their blind trust - local attorneys made shure of this / no body hiding in a closet..

i will not go 2 far w this..  in shorts..  if i read this correctly..  the DIP ends on Friday and the mine itself as a corporation is going bak to the bank in europe for more money.

thats the eik filing from 10-30-2024..  Molis and zumm jumal hav submitted final invoices.  the LIENS will B argued in a seperate issue going into 2025.

molis and jumal stated in one of the documents - that thisw was a re-sructuring and not a C-7...

if the mine actually comes out w a new bank note and operation going forward -w- 3rd party investors + the Bank KiWi. 

it will restructure as NCI
and the stocks will resume  ??


good question on the 128M$..   just about enuff to cover the DIC. 

lets see what walking around on monday..  there should B an exit on the DIC..  the eprioc money has been spent..


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