Welcome to our dedicated page for INTERRA COPPER news (Ticker: IMIMF), a resource for investors and traders seeking the latest updates and insights on INTERRA COPPER stock.
Interra Copper Corp. (IMIMF) is a Vancouver-based exploration company focused on creating shareholder value through its copper projects in British Columbia, Canada. The company recently executed an option agreement with ArcWest Exploration Inc. to acquire an 80% interest in the Rip Copper Project, located in a prolific mining region in central British Columbia. The Rip Project, with its 2,309 hectares, is strategically positioned in a belt of Late Cretaceous porphyry Cu-Mo deposits, demonstrating great potential for copper-molybdenum mineralization. The multi-stage earn-in agreement with ArcWest sets the stage for extensive exploration work to advance the Rip Project to Feasibility Study level, with the first phase work program already underway. Interra's leadership team, with a wealth of technical and capital markets experience, is committed to sustainable and responsible business practices, while striving to unlock the full potential of their highly prospective exploration assets.
Aurwest Resources (CSE:AWR) has entered into a Purchase & Sale Agreement with Interra Copper Corp. (CSE:IMCX)(OTCQB:IMIMF)(FRA:3MX) to sell its Stars Property, an early-stage porphyry copper-molybdenum discovery in central British Columbia. The deal, valued at approximately $1.1 million, includes $250,000 in cash, 10 million common shares, and 2.5 million warrants of Interra. Upon closing, Aurwest will become a significant shareholder of Interra, and Cameron MacDonald will join Interra's board. The acquisition is subject to Aurwest shareholder approval. Interra's leadership team brings extensive experience in resource development, which is well-suited for advancing the Stars Property. The deal includes a 2% NSR royalty on minerals produced from the property, with Interra having the right to repurchase 1% for $2 million.
Interra Copper Corp. has launched a new exploration program at the Thane Copper-Gold Project in British Columbia, revealing a large property with significant potential between major mines. With a $6 million investment, the company aims to uncover mineralized centers and enhance target development through advanced imaging and mapping. The 2024 field program will focus on analyzing key areas, identifying host rocks, and designing surveys for future drilling, with the goal of discovering new mineral deposits.
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