Nevada Copper Corp NEVDQ

New Press Release - Nevada Copper Announces Restart Plan and Significant Proposed Financing Package

YERINGTON, Nev., Aug. 25, 2022 (GLOBE NEWSWIRE) -- Nevada Copper (TSX: NCU) (OTC: NEVDF) (FSE: ZYTA) (“Nevada Copper” or the “Company”) is pleased to announce that it has agreed to non-binding terms with its key financing partners to provide up to US$93 million of liquidity to the Company in...read article.

[nofluff]

So we are back to the little package. Going to finish developement before mill start.  1 year untill start. Need more funds than commited. They want a third pass through the dyke.  Morning will be interesting. nf

[RoyKerr]

A little disappointing, but some positives as well.  Retail dumping  on opening almost guaranteed, as upside is a year out. otoh, there may be upward pressure if insiders/institutions  see light, and Wood's evaluation/plan is positive. Will be watching sedi buy/sells. If ncu ends week above .4, bullish LT. if under .2, I will reassess position.  New board members are

[RoyKerr]

also wanted to highlight The Company is in discussions with other potential capital providers and may also pursue public and private capital markets opportunities to raise additional funds to complete the ramp-up process. So, more news may be coming in the following weeks.