STOCK TITAN

GRANITE CREEK COPPER LTD - GCXXF STOCK NEWS

Welcome to our dedicated page for GRANITE CREEK COPPER news (Ticker: GCXXF), a resource for investors and traders seeking the latest updates and insights on GRANITE CREEK COPPER stock.

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.

Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.29%
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.91%
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.59%
Tags
none
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.78%
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.09%
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.06%
Tags
none
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
24.3%
Tags
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-26.23%
Tags
none

FAQ

What is the current stock price of GRANITE CREEK COPPER (GCXXF)?

The current stock price of GRANITE CREEK COPPER (GCXXF) is $0.01435 as of December 20, 2024.

What is the market cap of GRANITE CREEK COPPER (GCXXF)?

The market cap of GRANITE CREEK COPPER (GCXXF) is approximately 2.8M.

What is Granite Creek Copper Ltd. focused on?

Granite Creek is focused on critical minerals projects in North America, with their flagship Carmacks project in Yukon.

What recent achievement has Granite Creek announced?

Granite Creek reported increased copper recovery from oxide material at their Carmacks project, enhancing economic value.

What did the 2023 PEA for Granite Creek identify?

The 2023 PEA identified opportunities for improved recovery, resource expansion, and process optimization for the company.

What is the strategic significance of the recent exploration plans?

The 2024 exploration program aims to drill new targets near proposed pits, refining exploration targets and leveraging market opportunities.

How does Granite Creek plan to enhance shareholder value?

By capitalizing on the increased recovery potential of oxide material and exploring new targets, Granite Creek aims to create value for shareholders.

GRANITE CREEK COPPER LTD

OTC:GCXXF

GCXXF Rankings

GCXXF Stock Data

2.83M
186.52M
6.28%
Other Industrial Metals & Mining
Basic Materials
Link
United States of America
Vancouver