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Faraday Copper Corp. (TSX:FDY)(OTCQX:CPPKF) is a Canadian exploration company focused on advancing its flagship copper project in Arizona, U.S. The Copper Creek Project, one of the largest undeveloped copper projects in North America, shows significant exploration potential. With over 200,000 meters of historical drilling and ongoing Phase III programs, the Company aims to expand mineral resources, delineate high-grade zones, and explore new targets. Recent results from the Phase III program highlight the discovery of new mineralization zones at Area 51, Keel West, and Old Reliable, showcasing the project's geological diversity and mineralization potential. Faraday's management team and board of directors, with extensive mining experience, are well-positioned to drive the Company's key milestones and value creation. Faraday Copper trades on the Toronto Stock Exchange under the symbol 'FDY'.
CopperBank Resources Corp. announces positive results from its drill core re-sampling program at the Copper Creek Project in Arizona. Highlights include 48.47 metres of 1.69% copper from hole G4 and 33.52 metres of 1.20% copper from hole G5, confirming historic high-grade mineralization. Over 2,800 metres of the 5,000 metre drilling program has been completed, enhancing confidence in previously unsampled core. The company plans to publish a geological model and a new mineral resource estimate by Q3 2022, aiming to expand its mineralized footprint.
CopperBank Resources Corp. announced the mailing of materials for its Annual and Special General Meeting on April 19, 2022. Shareholders will vote on electing directors and a proposed name change to Faraday Copper Ltd.. Shareholders eligible to vote must have been registered by March 11, 2022. Three directors are not standing for re-election, including Gianni Kovacevic and Giulio Bonifacio. The name change aims to reflect the company's focus on copper projects aligned with electrification trends in the industry.
CopperBank Resources Corp. has commenced drilling at its wholly owned Copper Creek project in Arizona as of February 8, 2022. The initial program includes 5,000 meters across eight holes to assess high-grade mineralization and underground mining potential. The geological model development is in progress, targeting a new Mineral Resource Estimate by Q3 2022. Key activities involve geological assessments, metallurgical data review, and geotechnical studies to support mine planning. The exploration aims to validate historic drill results while confirming the area's resource potential.
CopperBank Resources Corp. (CSE:CBK) provided a corporate update highlighting strategic goals for 2022. CEO Paul Harbidge emphasized the transition of CopperBank from a copper project accummulator to advancing its Copper Creek and Contact Copper projects through exploration and technical work. Key updates include a $5 million equity financing completed in September 2021, mobilization of a diamond drill rig for a 5,000m program in February 2022, and plans for rebranding to Faraday Copper Corp.. Both projects are situated in Arizona and Nevada, offering significant exploration upside.
CopperBank Resources Corp. announced that shareholders overwhelmingly supported the long-term incentive plan (LTIP) with 98% approval. This plan includes the issuance of 9,650,000 stock options at $0.40 per share for three years. Additionally, the company welcomed new senior leadership: Graham Richardson as Chief Financial Officer, Thomas Bissig as Vice President of Exploration, and Zach Allwright as Vice President of Projects and Evaluations. These appointments come as the company focuses on advancing its copper projects in Arizona and Nevada.
CopperBank Resources Corp. has successfully completed a non-brokered private placement offering, raising $5 million through the sale of units at $0.40 each. The proceeds aim to enhance the balance sheet and advance projects in Arizona and Nevada. Each unit consists of a common share and a warrant, allowing the purchase of additional shares at $0.60 within five years. Notably, insiders subscribed for a total of 3 million units. The financing will also support working capital needs.
CopperBank Resources Corp. has announced the complete repayment of a CDN $263,000 debenture, fulfilling its obligation with accrued interest as of July 5, 2021. This move signals the company's commitment to maintaining financial stability. CopperBank, focused on energy-related metal exploration in the U.S., trades on the Canadian Securities Exchange under the symbol CBK.
CopperBank Resources Corp. has appointed Alan Wilson to its board of directors. With three decades of experience in global exploration for base and precious metals, Wilson brings valuable expertise in evaluating ore potential. His previous role as International Exploration Manager at Antofagasta plc enhances CopperBank's strategic position. Additionally, the company has granted 325,000 stock options at an exercise price of $0.60, subject to vesting over five years. This move is aimed at strengthening the company's leadership and aligning interests with shareholder value.
CopperBank Resources Corp. has successfully completed a non-brokered private placement, issuing 3,592,358 shares at $0.35 each, totaling $1,257,325. Insiders acquired 50% of the offering, with no finder’s fees involved. The proceeds will be utilized for maintaining its portfolio and general working capital. The placement is pending approval from the Canadian Securities Exchange and will have a four-month hold period. CopperBank is focused on energy-related metal exploration in the USA and trades under the symbol CBK.
CopperBank Resources Corp. announced progress in exploration at the Copper Creek Project in Arizona, covering 41 square kilometers. The project includes over 670,000 feet of diamond core drilling and features significant historical resources: 4.4 billion pounds of copper in Measured and Indicated resources and 3.3 billion pounds in Inferred resources. CopperBank plans to advance exploration through updated modeling to identify new targets and enhance resource estimates, positioning the project as a key asset in the junior mining sector.
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