Welcome to our dedicated page for NEVADA COPPER news (Ticker: NEVDF), a resource for investors and traders seeking the latest updates and insights on NEVADA COPPER stock.
Nevada Copper Corp (NEVDF) operates as a copper mining specialist focused on underground resource development in Nevada. This news hub provides investors and industry observers with direct access to official company communications and operational updates.
Track all essential developments through press releases covering production milestones, financial filings, and strategic partnerships. Our curated collection simplifies monitoring of operational progress, regulatory compliance updates, and market positioning within the copper mining sector.
Key updates include detailed reports on mine development phases, resource expansion projects, and industry-specific challenges. The repository serves as a centralized source for understanding NEVDF's approach to underground extraction techniques and capital management strategies.
Bookmark this page for streamlined access to Nevada Copper Corp's latest announcements. Check regularly for factual updates on copper production capabilities and operational developments in North America's mining sector.
Nevada Copper Corp. (OTC: NEVDF) recently provided key updates on its operations at the Pumpkin Hollow Project. The company reported a 20% increase in lateral development rates at its Underground Mine, totaling approximately 760 feet over the past month. The high-grade Sugar Cube zone is set for drilling in December, with mining expected to start in Q1 2022. The processing plant is functioning well, and surface ventilation fans are on schedule for installation. Additionally, the company plans to enhance its open pit studies with new funding.
Nevada Copper (OTC: NEVDF) reported positive operational performance updates from its Pumpkin Hollow Project as of November 8, 2021. Key highlights include accelerating stoping rates with four stopes mined in H2 2021, including a stope with over 2% copper grade. The Company plans to begin mining the higher-grade Sugar Cube zone soon. Progress on lateral development and geotechnical improvements are ongoing. Surface ventilation fans are on track for late Q4 2021 delivery, and key mining positions are being filled, enhancing operational capacity.
Nevada Copper Corp. (OTC: NEVDF) announced key management updates and the progress of its productivity improvement plan regarding the Pumpkin Hollow Project. Highlights include accelerated stope turnover rates at the underground mine and successful implementation of operational improvements. The company added critical mining and technical staff to enhance management capacity. Additionally, progress is being made on credit facility amendments with KfW-IPEX Bank. The completion of a share consolidation, now trading as one post-consolidation share for every ten pre-consolidation shares, was also reported.
Nevada Copper Corp. (OTC: NEVDF) has announced a 10:1 share consolidation effective September 17, 2021. Following this, outstanding shares will decrease from approximately 1.85 billion to about 185 million. The Toronto Stock Exchange has conditionally approved this action, which aims to enhance the share price. Post-consolidation trading will begin around September 21, 2021. The adjustments will also affect existing warrants from prior public offerings, which will now require C$2.00 and C$2.20 for exercised shares respectively.
Nevada Copper Corp. (TSX: NCU) (OTC: NEVDF) has updated its operations at the Pumpkin Hollow underground mine. Key developments include the completion of the first water dike crossing, lateral development into solid ground, and mining of the second stope with a copper grade of 1.45%. Financing updates reveal an extension of the Project Longstop Date and an amendment to a Promissory Note with an additional $13 million in liquidity for ramping up production. Challenges remain, including the potential for project completion test default if financing extensions are not finalized.
Nevada Copper Corp. (TSX: NCU) (OTC: NEVDF) announced operational updates on its Pumpkin Hollow project. Recent developments include successful completion of the first water dike crossing, with lateral advancements into solid ground. The second stope was mined with a CuEq grade of 1.45%, and future production rate increases are anticipated. Financing updates reveal an extension from KfW IPEX-Bank for project completion tests and an amendment of a promissory note allowing an additional $13 million liquidity. These developments are crucial for ramping up the Underground Mine.
Nevada Copper Corp. (OTC: NEVDF) provided an operations update and unveiled its Q2 2021 financial results. The company successfully mined 9,500 tons of copper at a grade of 1.5% from its first stope, despite delays. Infrastructure improvements are ongoing, with a peak daily hoisting rate reaching 5,000 tons, expected to be sustainable by Q4 2021. The company received forgiveness for a $2.4 million PPP loan and is in discussions for an extension of its KfW credit facility. Changes in leadership were announced, with Mike Ciricillo stepping down as CEO.
Nevada Copper Corp. (OTC: NEVDF) announced progress in ramping up its Underground Mine and advancing the Open Pit project at Pumpkin Hollow, Nevada. The company has safely crossed the dike structure, which is expected to enhance development rates. Underground ventilation systems have been commissioned on schedule, with steady-state production anticipated in Q4 2021. Furthermore, planning indicates potential long-term production rates may exceed 6,500 tons per day. A solar power feasibility study shows the potential for significant cost reductions in the Open Pit project.
Nevada Copper Corp. (OTC: NEVDF) announced positive outcomes from its 2021 Annual and Special Meeting. Approximately 63% of shareholders were represented, with all proposed resolutions approved, including the election of eight directors and the appointment of PricewaterhouseCoopers as auditor. Notably, shareholders approved a share consolidation at a ratio of 1:10, allowing the board to implement it before year-end. The company operates the Pumpkin Hollow copper project, with both underground and open-pit mining initiatives progressing towards production and feasibility, respectively.
Nevada Copper Corp. (OTC: NEVDF) released an operations update for Q1 2021, highlighting significant progress in mining and production at its Pumpkin Hollow project. The company initiated stope mining with an average grade of 2.5% CuEq and achieved peak daily hoisting rates exceeding 3,000 tons. Production ramp-up is expected to reach 3,000 tons per day by June 2021, though delays in surface ventilation commissioning may impact the timeline for achieving full production rates. Notably, Q1 processing saw improved recoveries above 90%, with 119,000 tons processed and a maximum milling throughput of 5,000 tons per day.
