IBERO MNG CORP - AUCCF STOCK NEWS

EuroPacific Metals Inc. announces a name change to Ibero Mining Corp., effective September 13, 2024, with a new ticker symbol 'IMC' on the TSX Venture Exchange. This rebranding aligns with the company's strategic focus on the Iberian Peninsula, particularly the mineral-rich Iberian Pyrite Belt. The region is known for its polymetallic sulfide deposits, including copper, zinc, lead, and gold. CEO Karim Rayani emphasizes the company's commitment to EU resource initiatives and efficient extraction methods for long-term cash flow. The name change doesn't affect the company's capitalization, and existing shareholders don't need to take any action regarding their shares or warrants.

EuroPacific Metals Inc. (TSXV:EUP)(OTCQB:AUCCF) has closed the final tranche of its oversubscribed private placement, raising total gross proceeds of $323,000. The company issued 8,075,000 units at $0.04 per unit, with each unit comprising one common share and one transferrable share purchase warrant. The warrants are exercisable at $0.05 per share for two years. Company insiders participated in the second tranche, subscribing for 1,062,500 units. The proceeds will be used to advance the company's drill program at Miguel Vacas, Portugal. The private placement is subject to final acceptance by the TSX Venture Exchange.

Europacific Metals Inc. (TSXV:EUP)(OTCQB:AUCCF) has announced significant management changes and positive drilling results. Karim Rayani has been appointed as Executive Chairman while retaining his role as CEO. Dr. Wazir Khan, a renowned exploration geologist with over 30 years of experience, has joined the board, strengthening the company's technical capabilities. The company has completed 11 holes at the Miguel Vacas copper deposit, totaling 1,410m, with promising results. Significant intercepts include 22.8m grading 2.76% Cu and 9.0m grading 7.49% Cu. The breccia zone has been confirmed over a 1.1km strike length and remains open along strike. A deeper hole was drilled to investigate primary ore at depth, with assays pending for three holes.

EuroPacific Metals Inc. (TSXV:EUP)(OTCQB:AUCCF) has closed the first tranche of its non-brokered private placement, raising $212,500 by issuing 5,312,500 units at $0.04 per unit. Each unit includes one common share and one warrant, exercisable at $0.05 for two years. CEO Karim Rayani participated, subscribing for 312,500 units. The company paid $9,800 in finder's fees and issued 245,000 finder's warrants. The private placement has been extended for 30 days, with an expected closing date of September 2, 2024. Proceeds will fund the company's drill program at Miguel Vacas, Portugal.

EuroPacific Metals Inc. (TSX-V:EUP, OTCQB:AUCCF) has announced drill program results at its Miguel Vacas copper deposit in Portugal. The company completed 11 holes totaling 1,410m, with significant results including:

- Hole #1: 22.8m grading 2.76% Cu, including 9.0m at 7.49% Cu
- Hole #4: 10.5m grading 2.56% Cu, including 5.0m at 4.52% Cu
- Hole #8: 14.1m grading 1.06% Cu, including 6.9m at 1.81% Cu

The mineralized system extends at least 2km along strike and is open at depth. EuroPacific plans further drilling to define a shallow open pit resource of oxide copper mineralization recoverable by hydrometallurgical methods.

EuroPacific Metals announced a non-brokered private placement for up to 6,250,000 units at $0.04 per unit, aiming to raise $250,000. Each unit consists of one common share and one transferrable share purchase warrant, allowing the holder to buy an additional share at $0.05 for two years. Proceeds will fund the Miguel Vacas drill program in Portugal. Insiders Karim Rayani and Deepak Malhotra will each purchase 500,000 units, constituting related party transactions under MI 61-101, though no significant change in their ownership percentages will occur. The company is exempt from formal valuation and minority shareholder approval requirements under specific exemptions. Finder's fees may be paid, and all securities will be subject to a statutory hold period.

EuroPacific Metals has announced a non-brokered private placement to raise up to $250,000 through the issuance of 6.25 million units at $0.04 per unit. Each unit comprises one common share and one transferable share purchase warrant. The warrant allows the holder to acquire an additional share at $0.05 for two years. This move aims to bolster the company's capital and support ongoing projects.

On June 20, 2024, EuroPacific announced an expansion of its drill program at the Miguel Vacas copper deposit in Southern Portugal. The new drill target will extend down to 350 meters, aiming to explore high-grade copper zones below previous intersections and to the north. Initial results from the first hole (EBMV001) show promising copper grades, including 22.8 meters at 2.76% Cu and 9.0 meters at 7.49% Cu. The second hole (EBMV002) revealed further mineralization northwards. The expanded program aims to define a shallow open-pit copper resource, with assays from remaining holes awaited to confirm further findings.

EuroPacific Metals announced an amendment to its partnership agreement with BMP Holding and Indice Crucial Lda for the Barrancos Copper-Gold project and two new gold properties in Portugal. The revised terms simplify the acquisition process, reducing cash expenditures and accelerating exploration efforts. EuroPacific will now need to pay €15,000 in cash, issue 500,000 shares, and 500,000 warrants to increase its stake to 60%, followed by another €15,000 cash payment to reach 80%. The remaining 20% can be acquired for €800,000 within five years of obtaining a mining license. The amendment replaces the original three-stage share transfer plan, optimizing financial and operational efficiencies.