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Granite Creek Copper Ltd. (GCXXF) is a Canadian exploration company focused on critical minerals projects in North America. Their flagship Carmacks project in Yukon's Minto copper district is known for high-grade copper-gold-silver mineralization. Recent metallurgical studies show an increase in copper recovery from oxide material, enhancing the project's economic value. The company's 2023 PEA identified opportunities for improved recovery, resource expansion, and process optimization. With a significant increase in oxide recovery potential, Granite Creek aims to leverage these results to enhance shareholder value.
Granite Creek Copper Ltd. (TSXV:GCX)(OTCQB:GCXXF) announced the completion of private placement offerings, raising $5,210,300. This was achieved through the issuance of 5 million flow-through units at $0.28 each and 10.05 million non-flow-through units at $0.20. The funds will support an aggressive exploration program at the Carmacks project, with drilling anticipated to exceed 8,000 meters. The company also granted 850,000 stock options to directors and officers at an exercise price of $0.22 per share.
Granite Creek Copper Ltd. has announced an increase in its non-brokered private placement financing to up to CAD$5,200,000 due to strong demand. The offering includes up to 10 million units at $0.20 per unit, up to 8.18 million flow-through common shares at $0.22, and up to 5 million flow-through units at $0.28. Proceeds will support exploration at the Carmacks Copper-Gold Project and general working capital. The financing is subject to TSX Venture Exchange approval, with closing expected around March 16.
Granite Creek Copper Ltd. (GCXXF) has announced a private placement financing of up to CAD$4.33 million. The financing will consist of 19 million common shares and 6.25 million warrants. The offering includes three components: 7.5 million units at CAD$0.20 per unit, 6.5 million flow-through shares at CAD$0.22, and 5 million flow-through units at CAD$0.28. Proceeds will fund exploration at the Carmacks/Carmacks North Copper-Gold Project in the Yukon and general working capital. Closing is subject to regulatory approvals.
Granite Creek Copper announces complete assay results from its 2020 exploration program at the Carmacks copper-gold project in Yukon Territory. The program included 1,067 meters of diamond drilling across five holes, revealing significant findings such as 127 meters of continuous copper mineralization in CRM20-001, grading 0.85% copper equivalent. Additional highlights include high-grade oxide mineralization in Carmacks North Zone A and a potential for molybdenum to enhance metal value. President Tim Johnson expressed optimism for future exploration in 2021.
Granite Creek Copper Ltd. (GCXXF) announced that its shares will resume trading on December 2 after an erroneous delisting caused by a technical issue at the Toronto Stock Exchange. The company confirmed no new material events occurred. Additionally, Granite Creek recently completed the acquisition of Copper North Mining, combining resources to create a new copper-focused exploration company with high development potential. Copper North shares have been delisted and converted to Granite Creek shares at a 2.5:1 ratio. A live webinar discussing the company's developments is scheduled for December 3.
Granite Creek Copper Ltd. (GCXXF) has updated its fall drill program and released a new corporate presentation. Following the acquisition of Copper North, the Carmacks and Stu projects are now combined as Carmacks North. The drill program, which included 1,067 meters across five holes, confirmed significant copper mineralization across all drill sites. The company aims to expand resources and assess potential new discoveries. A live webinar is scheduled for December 3, 2020, where CEO Tim Johnson will discuss further developments.
Granite Creek Copper Ltd. has successfully completed the acquisition of Copper North Mining Corp., combining their significant copper-gold projects in the Yukon. The transaction consolidates a total land position of 176 sq km in the Minto Copper Belt, including the PEA-stage Carmacks Copper-Gold Project with an estimated 23.76 million tonnes grading 0.85% Cu. This merger aims to unlock expansion potential and capitalize on the synergies of the new management teams. Granite Creek now controls 100% of Copper North shares and plans to enhance resource development through targeted drilling.
Granite Creek Copper Ltd. announced court approval for its acquisition of Copper North Mining Corp. The Supreme Court of British Columbia granted a final order on November 18, 2020, following overwhelming shareholder support with 99% voting in favor during a November 13 meeting. The acquisition aims to consolidate Granite Creek's holdings in the Minto Copper district and is expected to finalize around November 30, 2020. CEO Tim Johnson expressed enthusiasm for the expanded potential and upcoming updates on exploration programs.
Granite Creek Copper Ltd. (OTC PINK:GCXXF) has completed an initial tranche of private placement offerings, raising $1,849,881.67 through the issuance of 6,278,587 flow-through units, 1,397,382 non-flow-through units, and 2,000,833 flow-through shares. A second tranche is expected to add C$ 604,119.33 by October 15, 2020, pending TSX Venture Exchange approval. The company has also mobilized a drill rig for its inaugural Stu Copper-Gold project drill program, targeting 1,500 meters to expand on prior exploration. CEO Tim Johnson emphasized their rapid progress in the Minto Copper District.
Granite Creek Copper Ltd. (TSXV:GCX, US OTC:GCXXF) has successfully closed the first tranche of its private placement, raising $1,849,881.67 through the issuance of units and flow-through shares. A second tranche, expected to generate up to C$604,119.33, will close by October 15, 2020. The company announced plans for an inaugural drill program of up to 1,500 meters at its Stu Copper-Gold project. The drill program focuses on the high-grade A Zone and utilizes Kluane Drilling Limited for execution.
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