NEVADA COPPER CORP - NEVDF STOCK NEWS

Nevada Copper Corp. (TSX: NCU, OTC: NEVDF, FSE: ZYTA) has updated its Chapter 11 bankruptcy process. The Bankruptcy Court of the District of Nevada granted interim approval for debtor-in-possession financing, authorizing an initial borrowing of $20 million from a $60 million commitment. This funding will support the company's operations during the restructuring process. The company seeks final approval for the remaining $40 million to ensure liquidity. Employee wages and benefits will continue during this period. Additionally, Nevada Copper is pursuing a sale process with Moelis & Company and has appointed Gregory Martin as Interim President and CEO and Matthew Anderson as Interim CFO. The company is under delisting review by the Toronto Stock Exchange, with shares currently halted from trading.

Nevada Copper has filed for Chapter 11 bankruptcy protection in the Bankruptcy Court of Nevada. The company failed to secure additional funding or a change of control transaction after discussions with key stakeholders. Operations will cease, but efforts will be made to preserve assets. A US$60 million debtor-in-possession (DIP) financing has been secured, with US$20 million available on an interim basis. The Court's approval for DIP financing is pending. Key changes include the appointment of Tom Albanese as Chair of the Board and the resignation of Randy Buffington as CEO. The company has engaged Allen Overy Shearman Sterling US, Torys LLP, McDonald Carano LLP, Moelis & Company, and AlixPartners as advisors.

Nevada Copper Corp. (TSX: NCU, OTC: NEVDF, FSE: ZYTA) announced the resignation of director Guillaume de Dardel, effective June 6, 2024. De Dardel was a nominee of Mercuria Holdings. Nevada Copper operates the Pumpkin Hollow copper project in Nevada, which includes significant copper, gold, and silver reserves. The project features a high-grade underground mine and a large-scale open pit project in the PFS stage. For more details, visit their website or contact Tracey Thom, VP of IR and Community Relations.

Nevada Copper (TSX: NCU, OTC: NEVDF, FSE: ZYTA) has issued an update on its financing efforts and liquidity situation. The company is actively seeking additional funding to sustain operations and complete the ramp-up of its Pumpkin Hollow underground mine in Yerington, Nevada. Despite discussions with stakeholders, no binding offers or sufficient funding have been secured. Interim funding from Pala Investments and other stakeholders is , and further funding may not be forthcoming. As a result, Nevada Copper's cash reserves are nearly exhausted, leading to a significant reduction in operations. Additionally, the company has received resignations from two directors. Without urgent new funding, Nevada Copper may have to seek creditor protection.

Nevada Copper, a mining company, has filed its financial statements and MD&A for the quarter ending March 31, 2024. The company owns the Pumpkin Hollow copper project in Nevada, USA, with high-grade reserves and resources of copper, gold, and silver. The filings are available on the company's website and SEDAR+ profile. The Underground Mine facility is being ramped up to full capacity, while the open pit project is in the PFS stage.

Nevada Copper Corp. provides an update on its financing activities for the Pumpkin Hollow Underground copper mine. The company is in discussions with third parties for additional funding and potential change of control. Existing stakeholders are providing interim funding, but there is no guarantee of securing necessary funding to continue operations.

Nevada Copper (NEVDF) releases audited financial statements for 2023, along with MD&A and AIF.

Nevada Copper Corp. provides updates on restart activities at its Pumpkin Hollow underground mine, detailing operational developments, challenges, and financing matters. The company has achieved key milestones in restarting operations but faced unforeseen setbacks impacting operational targets. The PR also discusses exploration opportunities and includes a statement on the company's need for additional financing to complete the ramp-up of the Underground Mine.

Nevada Copper Corp. (TSX: NCU) (OTC: NEVDF) (FSE: ZYTA) provides updates on recent operational developments at its Pumpkin Hollow underground mine, including mill commissioning, concentrate shipping, life of mine de-watering system progress, underground development, surface ore stockpile, and completion of 2023 drill program. The company also appointed Anna Ladd-Kruger to the Board of Directors, effective November 20, 2023. The outlook for the remainder of 2023 includes achieving nameplate milling capacity of 5,000 tons per day by year end.