CopAur Minerals Inc. Provides Corporate Update on Strategic Opportunities
CopAur Minerals Inc. (TSXV: CPAU) (OTCQX: COPAF) has announced ongoing discussions with multiple parties to explore strategic options for advancing its projects. The company is evaluating opportunities including potential buyouts, joint venture agreements, and gold production from oxide materials at Kinsley Mountain. Management is considering the necessary steps to potentially advance the oxide gold deposit at Kinsley Mountain towards production, which may include preparing technical studies such as a PEA, PFS, and FS.
The Kinsley Project was a historical past-producer, yielding 138,000 ounces of near-surface open pit oxide gold between 1995-1999. CopAur is exploring this direction due to the potential for cash flow from oxide gold production, which could fund further exploration without additional shareholder dilution. The company plans to provide updates on potential management additions, financing options, and developments with strategic partners in the coming weeks.
CopAur Minerals Inc. (TSXV: CPAU) (OTCQX: COPAF) ha annunciato di essere in discussione con più parti per esplorare opzioni strategiche per avanzare nei suoi progetti. La società sta valutando opportunità che includono potenziali acquisizioni, accordi di joint venture e produzione di oro da materiali ossidati a Kinsley Mountain. La direzione sta considerando i passi necessari per potenzialmente far avanzare il deposito di oro ossidato a Kinsley Mountain verso la produzione, cosa che potrebbe includere la preparazione di studi tecnici come uno PEA, PFS e FS.
Il Progetto Kinsley è stato un produttore storico, con una produzione di 138.000 once di oro ossidato in superficie tramite cave tra il 1995 e il 1999. CopAur sta esplorando questa direzione a causa del potenziale di flusso di cassa derivante dalla produzione di oro ossidato, che potrebbe finanziare ulteriori esplorazioni senza ulteriori diluizione per gli azionisti. La società prevede di fornire aggiornamenti su potenziali aggiunte al management, opzioni di finanziamento e sviluppi con partner strategici nelle prossime settimane.
CopAur Minerals Inc. (TSXV: CPAU) (OTCQX: COPAF) ha anunciado que mantiene discusiones con varias partes para explorar opciones estratégicas para avanzar en sus proyectos. La compañía está evaluando oportunidades que incluyen posibles adquisiciones, acuerdos de joint venture y producción de oro a partir de materiales oxidados en Kinsley Mountain. La dirección está considerando los pasos necesarios para potencialmente avanzar el depósito de oro oxidado en Kinsley Mountain hacia la producción, lo que podría incluir la preparación de estudios técnicos como un PEA, PFS y FS.
El Proyecto Kinsley fue un productor histórico, obteniendo 138,000 onzas de oro oxidado a poca profundidad entre 1995 y 1999. CopAur está explorando esta dirección debido al potencial de flujo de efectivo de la producción de oro oxidado, lo que podría financiar más exploración sin diluir a los accionistas. La compañía planea proporcionar actualizaciones sobre posibles adiciones a la gerencia, opciones de financiamiento y desarrollos con socios estratégicos en las próximas semanas.
CopAur Minerals Inc. (TSXV: CPAU) (OTCQX: COPAF)는 여러 당사자와의 지속적인 논의에 대해 발표하며 프로젝트를 발전시키기 위한 전략적 옵션을 탐색하고 있습니다. 회사는 잠재적 인수, 합작 투자 계약 및 킨슬리 마운틴에서 산화물에서 금 생산과 같은 기회를 평가하고 있습니다. 경영진은 킨슬리 마운틴의 산화 금 매장량을 생산으로 이끌기 위해 필요한 단계들을 고려하고 있으며, 여기에는 PEA, PFS 및 FS와 같은 기술 연구를 준비하는 것이 포함될 수 있습니다.
킨슬리 프로젝트는 1995년부터 1999년까지 138,000온스의 근면적 오픈 핏 산화 금을 생산했던 역사적인 생산지였습니다. CopAur는 산화 금 생산에서 발생하는 현금 흐름의 잠재력 때문에 이 방향을 탐색하고 있으며, 이는 추가적인 주주 희석 없이 더 많은 탐사를 자금 지원할 수 있습니다. 회사는 향후 몇 주 내에 경영진 추가, 자금 조달 옵션 및 전략적 파트너와의 개발에 대한 업데이트를 제공할 계획입니다.
CopAur Minerals Inc. (TSXV: CPAU) (OTCQX: COPAF) a annoncé être en discussions avec plusieurs parties pour explorer des options stratégiques afin de faire avancer ses projets. La société évalue des opportunités telles que des éventuels rachats, des accords de coentreprise et la production d'or à partir de matériaux oxydés à Kinsley Mountain. La direction considère les étapes nécessaires pour potentiellement faire avancer le dépôt d'or oxydé de Kinsley Mountain vers la production, ce qui pourrait inclure la préparation d'études techniques comme une PEA, PFS et FS.
Le projet Kinsley était un producteur historique, ayant extrait 138 000 onces d'or oxydé en surface entre 1995 et 1999. CopAur explore cette direction en raison du potentiel de flux de trésorerie généré par la production d'or oxydé, qui pourrait financer d'autres explorations sans dilution supplémentaire pour les actionnaires. La société prévoit de fournir des mises à jour sur d'éventuelles additions au management, des options de financement et des développements avec des partenaires stratégiques dans les semaines à venir.
CopAur Minerals Inc. (TSXV: CPAU) (OTCQX: COPAF) hat bekannt gegeben, dass sie laufende Gespräche mit mehreren Parteien führt, um strategische Optionen zur Förderung ihrer Projekte zu erkunden. Das Unternehmen evaluiert Chancen, die potenzielle Übernahmen, Joint-Venture-Vereinbarungen und Goldproduktion aus oxidischen Materialien in Kinsley Mountain umfassen. Das Management prüft die erforderlichen Schritte, um möglicherweise das oxidische Goldlager in Kinsley Mountain in die Produktion zu überführen, was die Erstellung technischer Studien wie einer PEA, PFS und FS umfassen könnte.
Das Kinsley-Projekt war ein historischer Produzent, der zwischen 1995 und 1999 138.000 Unzen oxidisches Gold aus oberflächennahen Tagebauen förderte. CopAur erkundet diese Richtung aufgrund des Potenzials für cashflow aus der Goldproduktion, das weitere Erkundungen ohne zusätzliche Verwässerung der Aktionäre finanzieren könnte. Das Unternehmen plant, in den kommenden Wochen Updates zu möglichen Ergänzungen des Managements, Finanzierungsoptionen und Entwicklungen mit strategischen Partnern zu geben.
- Potential for cash flow from oxide gold production at Kinsley Mountain
- Evaluating strategic options including buyouts and joint ventures
- Historical production of 138,000 ounces of gold at Kinsley Project
- Opportunity to fund exploration without additional shareholder dilution
- No assurance that any strategic options will materialize
- Current proposals do not align with company's strategic objectives
Vancouver, British Columbia--(Newsfile Corp. - October 8, 2024) - CopAur Minerals Inc. (TSXV: CPAU) (OTCQX: COPAF) ("CopAur" or the "Company") announces it is in ongoing discussions with multiple parties to explore a range of strategic options to advance its projects. These discussions have been active for several months, with management carefully evaluating each opportunity. Many of the current proposals do not align with the company's strategic objectives at this time there is no assurances that any of these options will amount to anything.
The opportunities under consideration include potential buyouts, joint venture agreements, and the potential of gold production from oxide materials at Kinsley Mountain. Management is committed to balancing short, medium, and long-term value creation for all shareholders as we assess these options.
While these discussions are ongoing and no decisions have been finalized, we are pleased to announce that the company is evaluating the necessary steps to potentially advance the oxide gold deposit at Kinsley Mountain towards production. This evaluation may include the preparation of key technical studies, such as a Preliminary Economic Assessment (PEA), Pre-Feasibility Study (PFS), and Feasibility Study (FS), which are essential to making an informed decision on whether to move forward.
The Kinsley Project was a historical past-producer that yielded 138,000 ounces of near surface open pit oxide gold between 1995-1999 when Gold was under 400 USD per ounce.
We are inclined to pursue this direction due to the potential for cash flow from oxide gold production, which could potentially provide funding for further exploration activities without additional dilution to CopAur Minerals' shareholders. Given the current record-high gold prices, we believe this opportunity warrants thorough exploration.
In the coming weeks, we aim to provide shareholders with updates on several key areas, including potential additions to the management team, our evaluation of various financing options, and developments with strategic partners. Additionally, we will offer greater clarity on the team's qualifications and our track record moving forward.
CopAur CEO, Jeremy Yaseniuk commented, "We would like to express our gratitude to our shareholders for their continued patience as we carefully navigate these opportunities. Please rest assured that we are focused on maximizing the value of our assets for the benefit of our shareholders. As a significant shareholder myself, my interests are fully aligned with yours, and I look forward to providing more specific updates on our initiatives in the near future."
CopAur Minerals Inc.
Jeremy Yaseniuk, Chief Executive Officer & Director
Tel: +1 (604) 773-1467
Email: jeremyy@CopAur.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Forward Looking Information
This news release contains forward-looking statements. These statements relate to future events or the Company's plans or future performance. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual plans and results to vary from those expressed or implied by such forward-looking including the potential for advancing the oxide gold deposit at Kinsely towards production or at all, the initiation of and timing to prepare technical studies including a PEA, PFS or FS on the Kinsley Mountain Project, the ability of the Company to evaluate or advance financing options for the Company. Forward-looking statements involve significant risks and uncertainties including the price of gold which may negatively affect the economic feasibility of the Company's mineral projects, making a production decision, the costs associated with the construction and operation of any production facility, the financing requirements associated with advancing any mineral project to production and various other factors and uncertainties. Forward Looking Statements should not be read as indications, assurances or guarantees of future plans or performance or results and they will not necessarily be accurate indications of whether or not any decisions will be made or that such results will be or can be achieved. Actual results could differ materially from those anticipated due to various factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions or plans on the date of this news release, the Company cannot assure investors that its actual plans or results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revised any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/225948
FAQ
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