SONORAN DESERT COPPER CP - PMDRF STOCK NEWS

Sonoran Desert Copper (TSXV: SDCU) has announced two significant developments: the appointment of Nancy Zhao as the new CFO and a non-brokered private placement financing. Zhao brings over nine years of public company experience and holds CPA designation, replacing Edward Low. The financing aims to raise up to $750,000 through the issuance of 500,000 units at $0.15 each. Each unit includes one common share and one warrant exercisable at $0.30 for 24 months, with an acceleration clause if shares trade at or above $1 for 10 consecutive days. Proceeds will fund project payments, development, and working capital.

Sonoran Desert Copper (TSXV: SDCU) has established a new Brazilian subsidiary and applied to the National Mining Agency (ANM) for copper exploration concessions in Pernambuco, Brazil. The application includes seven new concessions covering 10,084.81 hectares in the municipalities of Afrânio/Pernambuco and Casa Nova/Bahia. The company's technical team in Brazil is preparing a preliminary report for initial copper prospecting in the area.

Sonoran Desert Copper (TSXV: SDCU) has contracted Mr. Fabrício Santos, a Senior Geographer and Geophysics specialist, to evaluate and organize historical geophysical data from the Cuatro Hermanos Project. The assessment will focus on Induced Polarization (IP) and Electrical Resistivity (ER) data, correlating these with the drillhole database. Mr. Santos emphasized that this comprehensive analysis can provide valuable insights for strategic and operational decisions throughout the project cycle.

The company has included a geological map showing the arrangement of historical data in the project areas. The technical contents of this release were approved by Case Lewis, P.Geo., a Qualified Person as defined by National Instrument 43-101 and an independent consultant to the company. The announcement references three technical reports on the Cuatro Hermanos Cu-Mo-Ag Porphyry Deposit and Project in Sonora, Mexico, dating from 2006 to 2023.

Sonoran Desert Copper (TSXV: SDCU) has announced the termination of its option agreement for the Normanby Project in Papua New Guinea. This decision comes six months after the initial announcement of the agreement on March 14, 2024. The company has fulfilled its initial obligations by paying the $10,000 due upon execution and incurring expenses for standard due diligence services. However, no further cash or share payments outlined in the option agreement have been made. This termination marks a significant change in SDCU's strategic direction, potentially impacting its exploration portfolio and future growth prospects in the region.

Sonoran Desert Copper (TSXV: SDCU) has announced changes to its stock option issuance. The company has cancelled the previously announced issuance of 1.55 million options at $0.20 per share, which was disclosed in a news release on June 27, 2024. Instead, SDCU will now grant 1.55 million stock options to its officers and directors. These new options will have an exercise price of $0.25 per share and will expire five years from the date of grant. This adjustment represents a 25% increase in the exercise price compared to the cancelled options.

Sonoran Desert Copper (TSXV: SDCU) has amended its option to purchase the Cuatro Hermanos Porphyry Copper Project in Sonora, Mexico. The amendment reduces payments and expenditures for 2025-2027, and terminates the San Lorenzo concession to reduce mine taxes. Key changes include:

- Total cash payments reduced from $5,862,500 to $5,662,500 USD
- Work expenditures for 2024-2027 reduced to minimum required by Mexican regulations
- Estimated savings of $238,566 in 2024 and $603,640 in 2025

The 4H Project contains a large porphyry copper-molybdenum system. Recent sampling in the South Conglomerate Zone yielded up to 16.25% copper, with 20 samples averaging 1.736% copper. The company plans to conduct percussion drilling in this high-grade area to establish an inferred resource at minimal cost.

Sonoran Desert Copper (TSXV: SDCU) has filed documents with the TSX Venture Exchange to close its private placement financing for gross proceeds of $1,010,750. The financing involves issuing 10,107,500 units, each consisting of one common share and one share purchase warrant, exercisable at $0.25 per share for 24 months. The company can accelerate the exercise period if its shares trade at or above $0.50 for 10 consecutive days. Three insiders are participating, contributing $150,000, making it a related party transaction. The proceeds will be allocated as follows: $156,550 for project payments, $236,000 for work programs, $136,000 for accrued expenditures, $101,301 for legal and auditor fees, and $380,899 for operations and general administration. All securities will be subject to a four-month and one-day hold period.

Sonoran Desert Copper (SDCU) and Envirotek Remediation Inc. (ETK) have successfully completed initial tests on a sample from a copper slag tailings repository in Brazil. The ETK polymer process was effective in remediating the tailings to meet Canadian Class II Landfill standards. The companies plan to form a special purpose vehicle (SPV) to commercialize the technology. Additionally, SDCU is conducting a private placement offering of up to 10,000,000 units at $0.10 each, aiming to raise $1,000,000 for working capital and project development. The company also granted 1,550,000 stock options to its officers and directors.