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.
Interra Copper Corp. (CSE:IMCX)(OTCQB:IMIMF) has appointed Jason Nickel as the new CEO, effective immediately. Nickel, with 25 years of industry experience, aims to leverage the promising potential of the Thane Project, covering 206 km² in British Columbia. The current drilling program is on schedule, with early results indicating mineralization consistent with previous findings. Interim CEO Dave McMillan remains a director, supporting Nickel's transition. Initial assay results from drilling are expected shortly, enhancing investor confidence.
Interra Copper Corp. (CSE:IMCX)(OTCQB:IMIMF) has appointed Gordon Neal to its Board of Directors as part of its ongoing Phase 1 drilling program on the Thane property in British Columbia. Neal brings over 30 years of capital markets experience and has previously raised over $700 million for various sectors. Additionally, he will join the Audit and Corporate Governance Committees. Neal has been granted 600,000 options exercisable at 22 cents over five years. The Thane property spans 206 km² and is strategically located between two significant copper-gold deposits.
Interra Copper Corp. (CSE:IMCX)(OTCQB:IMIMF) has initiated its maiden drilling program on the Thane Property in North Central B.C., covering 206 square kilometers. The drilling, commencing in July, aims to explore potential copper-gold porphyry targets and structurally controlled mineralization. Phase 1 includes at least 2,400 meters of drilling at 8 locations, expected to be completed in 40 days, with core samples sent to ALS labs by mid-September. The company maintains a robust cash position and focuses on enhancing efficiency through in-field geochemical analyses.
Interra Copper Corp. has appointed Oliver Foeste as its new Chief Financial Officer, effective following the resignation of Jamie Lewin as of June 30, 2021. Foeste, founder of Invictus Accounting Group, has over 10 years of experience in financial reporting, particularly in junior exploration and mining sectors. The company has also granted 1,800,000 options at $0.22 to recently appointed directors and Foeste, with a vesting period of 18 months. Interra Copper focuses on advancing its assets in British Columbia and Arizona to enhance shareholder value.
Interra Copper Corp. (CSE:IMCX)(OTCQB:IMIMF) has launched its 2021 summer exploration program at the Thane property in British Columbia, covering 206.58 square kilometers. This includes a 2,400-meter drill program targeting high-priority areas identified from previous surveys. Drilling is set to start by July 15 and is expected to take about 40 days. The company is also enhancing geochemical analysis with portable XRF technology. Dave McMillan, Interim CEO, emphasized the strong cash position and the team's commitment to maximizing the exploration window for potential copper-gold mineralization.
IMC International Mining Corp. (CSE:IMCX, OTCQB:IMIMF) has appointed Jason Nickel and David McAdam as new independent Directors. Nickel brings 25 years of mining experience, having recently served as Mine Manager for a Canadian producer. McAdam has over 30 years in finance, including raising over $250 million in equity and leading more than 90 acquisitions. The Company is set to commence its 2021 exploration program in July and has engaged marketing firms for a campaign costing CDN $233,000 to enhance investor awareness.
IMC International Mining Corp. has successfully completed the second and final tranche of a private placement offering, raising $1,253,828.90 from 2,386,870 flow-through units and 5,176,366 units at prices of $0.20 and $0.15 respectively. The total proceeds from both tranches amount to $2,676,452. Funds will be allocated for exploration on the Thane Property in British Columbia and general working capital. The offering involved related party transactions, with a director purchasing 100,000 flow-through units.
IMC International Mining Corp. (CSE:IMCX)(OTCQB:IMIMF) announces its 2021 exploration program on the Thane property, including a 2,400-meter drilling initiative targeting copper-gold zones. The company plans to change its name to Interra Copper Corp. to align with its focus on copper. A marketing revamp will enhance its online presence. Drilling is scheduled to start in early July, contingent upon permit approval for a haul road. The company remains dedicated to exploring high-priority areas identified through past surveys.
IMC International Mining Corp. has successfully closed the first tranche of a private placement, issuing 6,486,870 flow-through units at $0.20 and 835,000 units at $0.15, raising $1,422,624. The proceeds will fund exploration on the Thane Property in British Columbia and support general working capital. Related party transactions occurred during the offering, with insiders purchasing a total of 700,000 units. The company has relied on exemptions from formal valuation requirements as the transaction did not exceed 25% of market cap.
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