World Copper Initiates Strategic Review Process and Engages Advisor
World Copper (TSXV: WCU) (OTCQB: WCUFF) has initiated a strategic review process and engaged Origin Merchant Partners as advisor. The review aims to evaluate strategic alternatives to grow and maximize shareholder value, following approaches from numerous interested corporate entities. CEO Gord Neal attributes the interest to adverse market sentiment causing undervaluation of junior resource companies with strong economic assets, creating opportunities for larger resource players. The company states no specific timeline or guaranteed outcome and will only provide updates on material developments.
World Copper (TSXV: WCU) (OTCQB: WCUFF) ha avviato un processo di revisione strategica e ha coinvolto Origin Merchant Partners come consulente. La revisione mira a valutare alternative strategiche per crescere e massimizzare il valore per gli azionisti, a seguito di approcci da parte di numerosi enti aziendali interessati. Il CEO Gord Neal attribuisce l'interesse al sentimento di mercato negativo che causa la sottovalutazione delle aziende junior nel settore delle risorse con forti asset economici, creando opportunità per i giocatori più grandi nel settore. L'azienda afferma di non avere un arco temporale specifico o un risultato garantito e fornirà aggiornamenti solo su sviluppi materiali.
World Copper (TSXV: WCU) (OTCQB: WCUFF) ha iniciado un proceso de revisión estratégica y ha contratado a Origin Merchant Partners como asesor. La revisión tiene como objetivo evaluar alternativas estratégicas para crecer y maximizar el valor para los accionistas, tras acercamientos de varias entidades corporativas interesadas. El CEO Gord Neal atribuye el interés al sentimiento adverso del mercado que provoca la subvaluación de las empresas juniors de recursos con activos económicos sólidos, creando oportunidades para jugadores de recursos más grandes. La empresa declara que no hay un cronograma específico ni un resultado garantizado y solo proporcionará actualizaciones sobre desarrollos materiales.
월드 구리 (TSXV: WCU) (OTCQB: WCUFF)는 전략 검토 프로세스를 시작했습니다 그리고 Origin Merchant Partners를 고문으로 선정했습니다. 이 검토는 여러 관심 있는 기업 단체들의 접근 후, 주주 가치를 극대화하고 성장하기 위한 전략적 대안을 평가하는 것을 목표로 하고 있습니다. CEO인 Gord Neal은 시장의 부정적인 정서가 경제적 자산이 강한 위험 자원 회사의 과소 평가를 초래해 더 큰 자원 기업을 위한 기회를 창출했다고 설명했습니다. 회사 측은 구체적인 시간표나 보장된 결과가 없다고 밝혔으며, 중대한 발전에 대해서만 업데이트를 제공할 것입니다.
World Copper (TSXV: WCU) (OTCQB: WCUFF) a initié un processus de révision stratégique et a engagé Origin Merchant Partners comme conseiller. La révision vise à évaluer des alternatives stratégiques pour croître et maximiser la valeur pour les actionnaires, suite à des approches de plusieurs entités corporatives intéressées. Le PDG Gord Neal attribue cet intérêt à un sentiment de marché négatif causant une sous-valuation des entreprises juniors dans le secteur des ressources avec des actifs économiques solides, créant des opportunités pour de plus grands acteurs du secteur. L'entreprise indique qu'il n'y a pas de calendrier spécifique ni de résultat garanti et qu'elle ne fournira que des mises à jour sur les développements matériels.
World Copper (TSXV: WCU) (OTCQB: WCUFF) hat einen strategischen Überprüfungsprozess eingeleitet und Origin Merchant Partners als Berater engagiert. Ziel der Überprüfung ist es, strategische Alternativen zur Steigerung und Maximierung des Shareholder-Values zu bewerten, nachdem zahlreiche interessierte Unternehmen Kontakt aufgenommen haben. CEO Gord Neal schreibt das Interesse dem negativen Marktgefühl zu, das die Unterbewertung von Junior-Ressourcenunternehmen mit starken wirtschaftlichen Vermögenswerten verursacht hat und somit Chancen für größere Akteure im Rohstoffsektor schafft. Das Unternehmen gibt an, dass es keinen spezifischen Zeitrahmen oder garantierte Ergebnisse gibt und nur über wesentliche Entwicklungen informieren wird.
- Multiple corporate entities have expressed interest in the company
- Company is actively pursuing strategic alternatives to maximize shareholder value
- Company acknowledges being extremely undervalued due to adverse market conditions
- No guarantee of successful transaction or strategic outcome
Vancouver, British Columbia--(Newsfile Corp. - November 20, 2024) - World Copper Ltd. (TSXV: WCU) (OTCQB: WCUFF) (FSE: 7LY0) ("World Copper " or the "Company") announces that the Company has initiated a strategic review process and has engaged Origin Merchant Partners (the "Advisor") to assist it in its review. The Advisor will work with World Copper's management and Board to evaluate a range of strategic alternatives that may be available to the Company to grow and maximize value for all shareholders (the "Engagement"). There can be no assurance that this process will result in any specific strategic plan or financial transaction and no timetable has been set for its completion. The Company does not plan to provide updates on the status of the review unless there are material developments to report.
Gord Neal, World Copper CEO, said: "This strategic process has derived from numerous interested corporate entities that have approached World Copper over the past few weeks. Adverse market sentiment has seen junior resource companies with excellent economic assets become extremely undervalued. This process creates an opportunity for larger resource players to seek transactions that can benefit all shareholders".
ABOUT WORLD COPPER LTD.
World Copper Ltd., headquartered in Vancouver, BC, is a Canadian resource company focused on the exploration and development of its copper porphyry projects: Zonia in Arizona and Escalones in Chile. Both projects have estimated resources with significant soluble copper mineralization, and they boast exciting potential to expand the resource base. The Company is dedicated to sustainable practices and leveraging technology to develop safe and productive mining operations in stable, mining-friendly jurisdictions.
Detailed information is available at World Copper's website at https://worldcopperltd.com, and for general Company updates you may follow us on our social media pages via Facebook, Twitter & LinkedIn.
On Behalf of the Board of Directors of
WORLD COPPER LTD.
"Gordon Neal"
Gordon Neal
President & Chief Executive Officer
For further information, or to schedule a Zoom meeting with Management, please contact:
Gordon Neal or Michael Pound
Phone: 604-638-3287
Email: info@worldcopperltd.com
For all Investor Relations inquiries, please contact:
John Liviakis
Liviakis Financial Communications Inc.
Phone: 415-389-4670
For all Public Relations inquiries, please contact:
Nancy Thompson
Vorticom, Inc.
Office: 212-532-2208 | Mobile: 917-371-4053
Follow us:
Twitter: https://twitter.com/WorldCopperLtd
Facebook: https://www.facebook.com/WorldCopperLtd
LinkedIn: https://www.linkedin.com/company/worldcopperltd
Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively, "forward looking statements") within the meaning of applicable Canadian and U.S. securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, the possible strategic alternatives that may be considered by the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believes", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks and other factors include, among others, requirements for additional capital, actual results of exploration activities, including on the Company's projects, the estimation or realization of mineral reserves and mineral resources, future prices of copper, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, lack of investor interest in future financings, accidents, labour disputes and other risks of the mining industry, delays in obtaining governmental approvals (including TSX Venture Exchange acceptance), permits or financing or in the completion of development or construction activities, risks relating to epidemics or pandemics, including impacts on the Company's business, financial condition and results of operations, changes in laws, regulations and policies affecting mining operations, title disputes, the timing and possible outcome of any pending litigation, environmental issues and liabilities, as well as the risk factors described in the Company's annual and quarterly management's discussion and analysis and in other filings made by the Company with Canadian securities regulatory authorities under the Company's profile at www.sedarplus.ca.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not undertake any obligation to update any of the forward-looking statements in this news release or incorporated by reference herein, except as otherwise required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/230640
FAQ
Why did World Copper (WCUFF) initiate a strategic review process in November 2024?
Who is the advisor engaged by World Copper (WCUFF) for its strategic review?
Will World Copper (WCUFF) provide regular updates on the strategic review process?
