Welcome to our dedicated page for US COPPER news (Ticker: USCUF), a resource for investors and traders seeking the latest updates and insights on US COPPER stock.
US Copper Corp. (USCUF) controls approximately 13 square miles of patented and unpatented federal mining claims in the Light's Creek Copper District in Plumas County, NE California. The company focuses on copper mining and exploration with substantial resources in three deposits - Moonlight, Superior, and Engels. The Moonlight deposit, discovered during the 1960s, hosts a significant copper sulfide deposit while the Superior and Engels Mines operated from 1915-1930.
US Copper Corp has announced an updated Mineral Resource Estimate for its 100% controlled Moonlight-Superior Copper Project in Northeast California. The project now shows an Indicated Resource of 402 million tons containing 2.5 billion pounds of copper, representing a 99% increase from the 2018 estimate. Additionally, there are 21 million ounces of silver and 140,000 ounces of gold. The project also includes an Inferred Resource of 64 million tons containing 394 million pounds of copper. A Preliminary Economic Assessment is expected in early January 2025.
US Copper Corp (TSXV: USCU) (OTCQB: USCUF) has completed a non-brokered private placement raising $200,000 through the issuance of 6,666,667 units at $0.03 per unit. Each unit includes one common share and one warrant, with warrants exercisable at $0.06 for two years. Insiders participated, acquiring 626,667 units worth $18,800. The placement is subject to TSX Venture Exchange approval and a four-month hold period. Proceeds will be used for general working capital. The transaction qualifies as a 'related party transaction' under MI 61-101, with the company relying on exemptions from formal valuation and minority approval requirements.
US Copper Corp (TSXV: USCU) (OTCQB: USCUF) has announced a proposed non-brokered private placement to raise up to $200,000. The offering consists of up to 6,666,667 units priced at $0.03 per unit, with each unit comprising one common share and one warrant. Each whole warrant allows the purchase of one common share at $0.06 within two years after closing.
The securities issued will have a four-month hold period. The company plans to use the proceeds for general working capital. The offering is subject to regulatory and TSX Venture Exchange approvals. Investors can contact Stephen Dunn, President, CEO, and Director, for more information.
US Copper Corp (TSXV: USCU) (OTCQB: USCUF) has engaged Global Resource Engineering to conduct an updated Preliminary Economic Assessment (PEA) on its entire Moonlight-Superior Copper Project in Northeast California. The project includes four copper deposits, with three hosting NI 43-101 resources. The new PEA aims to incorporate higher-grade ore from Superior and Engels deposits into the Moonlight mine plan, potentially enhancing project economics.
Recent drill programs at Superior (2021) and Engels and Moonlight (2023) were designed to upgrade resources and define higher-grade ore for potential starter pits. The updated PEA will also include a newly defined oxide resource at both Moonlight and Engels deposits, which could be economically extracted through low-impact surface mining and processed at lower costs than sulfide ores. Results of the PEA are expected by the end of 2024.
US Copper Corp. has started discussions with potential strategic partners to advance its Moonlight-Superior Copper Project in California.
This project, one of the most advanced and largest undeveloped copper projects in the USA, is expected to restart operations, providing a domestic supply of copper amid rising prices.
The US location makes the project a preferred supplier for the domestic industry, potentially qualifying for US Government funding.
The recent surge in copper prices to over $10,000/t (US$4.53/lb) has driven significant interest from strategic partners.
This project's progress aligns with the US Government's push for new domestic sources of critical metals, such as copper, to support the low carbon economy transition.
The project is positioned approximately 125 miles from Tesla's Gigafactory in Nevada.
US Copper aims to advance the project through the Definitive Feasibility Study and development stages, supporting the US green energy transition.
US Copper Corp announced results from its 15-hole shallow drill program at the Moonlight deposit in North-East California. Significant findings include acid-soluble copper identified in 14 of the 15 holes, with one intercept showing 205 feet of 0.644% recoverable copper. Results revealed a small oxide cap covering the larger Moonlight sulfide deposit, with soluble copper averaging 91% of total copper. The area spans 2,000 ft by 1,500 ft to an average depth over 150 ft. An independent engineering review will assess further metallurgical testing, resource calculation, and economic viability. The current indicated resource for the sulfide deposit stands at 252 million tons averaging 0.25% copper, with inferred resources of 109 million tons averaging 0.24% copper.
US Copper Corp. has announced the extension of the expiry date of 26,400,000 share purchase warrants, allowing holders to purchase common shares at $0.10 per share. The extension is subject to TSX Venture Exchange approval, with all other terms remaining unchanged.
FAQ
What is the current stock price of US COPPER (USCUF)?
What is the market cap of US COPPER (USCUF)?
What is the focus of US Copper Corp.?
Where are the mining claims of US Copper Corp. located?
What deposits does US Copper Corp. have resources in?
When was the Moonlight deposit discovered?
What deposits did the Superior and Engels Mines operate on?
What is the current focus of US Copper Corp.?
Who is the Qualified Person responsible for the technical information?
What resources does the Moonlight sulfide deposit host?
What is the location of the Moonlight-Superior Project?
What is the future vision of US Copper Corp.?
