Nevada Copper Corp NEVDQ

KFW, Aurubis, Off-take, Financing

[RoyKerr]

The untied loan guarantee under the German Federal Government’s UFK scheme and the contribution from KfW IPEX-Bank stem from a long-term off-take agreement between Nevada Copper and German firm Aurubis AG, one of the leading copper producers and the world's largest copper recycler.

-kfw from 2019

Europe depends entirely on external supplies & Aurubis is Europe's largest copper producer. Commodity offtake agreements usually involve buying some or all of a projects production, it helps to ensure supply. 

If kfw/Aurubis is still interested in the 4-5B pounds of copper, my guess is this will be where the financing comes from. The offtake may include some discounting. Let's hope we see some news soon.

I doubt we will see new stock issued, so the options are sale or new German bank money. 

[mckayk3]

Good stuff.  Copper is bouncing up again just in time for production to resume at Nevada,  hoping we get a good offer.

[westcoast1000]

Good work on finding that offtake agreement, Roy. I had long imagined such an agreement existed, but did not know the parties. That is helpful.