World Copper to Webcast Live at VirtualInvestorConferences.com on November 10th

Rhea-AI Summary

World Copper Ltd. will present live at VirtualInvestorConferences.com on November 10, 2021, at 10:30 am PST. CEO Nolan Peterson will engage in real-time Q&A with investors. An archived webcast will be available post-event. Key recent highlights include the company's DTC eligibility announcement on October 18, filing a technical report for the Escalones project on October 6, and confirming two copper porphyry targets on October 5. Additionally, World Copper completed a non-brokered private placement, raising CAD $6.5 million for exploration and operations.

VANCOUVER, BC, Nov. 8, 2021 /PRNewswire/ -- World Copper Ltd. ("World Copper" or the "Company"; TSXV: WCU, OTCQB: WCUFF) announces that CEO Nolan Peterson will be presenting live at VirtualInvestorConferences.com on November 10^th, 2021.

DATE: November 10^th, 2021

TIME: 10:30am PST / 1:30pm EST

LINK: https://bit.ly/3mismqK

This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates.

Recent Company Highlights

• On October 18^th 2021, World Copper received DTC eligibility.
• As of October 6^th 2021, World Copper filed a technical report for the Mineral Resource Estimate of the Escalones project in Chile.
• On October 5^th, 2021, World Copper announced the results of a surface sampling program at Escalones confirming two copper porphyry targets in addition to the existing Mineral Resource.
• Additionally, the Company has recently announced that on October 29^th, 2021 it has completed the 3^rd and final tranche of the previously announced non-brokered private placement, for total proceeds of CAD $6.5 million, to be used for exploration at the Escalones and Cristal properties in Chile and for general working capital.

About Virtual Investor Conferences^®

Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly-traded companies to meet and present directly with investors.

A real-time solution for investor engagement, Virtual Investor Conferences is part of OTC Market Group's suite of investor relations services specifically designed for more efficient Investor Access.  Replicating the look and feel of on-site investor conferences, Virtual Investor Conferences combine leading-edge conferencing and investor communications capabilities with a comprehensive global investor audience network.

Learn more about the event at www.virtualinvestorconferences.com.

ABOUT WORLD COPPER LTD.

World Copper Ltd., headquartered in Vancouver, BC, is a Canadian resource company focused the exploration and development of its copper porphyry projects:  Escalones and Cristal in Chile, and Zonia in Arizona.  Two of these projects have estimated resources with significant soluble copper mineralization, and there are at least two other copper porphyry targets with exciting potential to expand the resource base.  The Zonia project is being acquired as part of the previously announced merger transaction with Cardero Resource Corp.  Please refer to news releases dated June 9^th, 2021 and April 20^th, 2021 for more details and for the current status of the transaction.

About Escalones

The Escalones porphyry-skarn copper-gold project has estimated inferred resources of 426 million tonnes of 0.367% total copper within the oxidized zone, based on nearly 25,000m of drill core from 53 holes.  The 3.45 billion pounds of copper should be amenable to heap leaching with an average recovery of 71%.  The Company is focused on exploring the Mancha Amarilla target immediately to the south of the existing resource.   In addition, three significant hydrothermal alteration zones, each measuring between 2,000m and 3,000m in diameter, lie 8-10km to the north of the main discovery.

Mineral resources are not mineral reserves and do not have demonstrated economic viability as there is no certainty that all or any part of the resources will be converted into reserves. Inferred resources are that part of a mineral resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. It is reasonably expected that the inferred resources could be upgraded to indicated resources with continued exploration.

About Zonia

The Zonia project is in Yavapai County, Arizona, and consists of 261 mineral claims and additional surface rights, all totaling 4,279.55 acres. It is a near-surface, copper-oxide resource and a brownfields site having already been mined in the late 1960s and '70s. The Project is at the PEA level and has been significantly de-risked with over 50,000 metres of drilling completed to date and with substantial amounts of detailed engineering completed. Further details can be found here.

The World Copper team has a unique skill in navigating the mining sector within Chile, with some members having worked in the country for more than 40 years and with discovery success.

On Behalf of the Board of Directors of

WORLD COPPER LTD.

"Nolan Peterson"

Nolan Peterson
Chief Executive Officer

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, including the United States Private Securities Litigation Reform Act of 1995.  All statements, other than statements of historical fact, included herein including, without limitation, the Company's expectation that it and Cardero will be able to complete the Proposed Transaction, including entering into a Definitive Agreement, the closing and amount of the Private Placement, that Zonia can be advanced utilizing low-cost open pit mining and heap leach, the results of the PEA, including, without limitation the NPV6%, IRR, estimated costs, average rate of production, the anticipated exploration program results from exploration activities and the anticipated business plans and timing of future activities of the Company, including the timing for the closing of the Proposed Transaction, 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.  In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that it will be able to negotiate and enter into a Definitive Agreement, and that it will obtain TSXV acceptance and the required corporate approvals of the Proposed Transaction and the Consolidation, that there will be investor interest in the Private Placement, market fundamentals will result in sustained copper and precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future development of the Company's projects in a timely manner, the availability of financing on suitable terms for the development, construction and continued operation of such projects and the ability to comply with environmental, health and safety laws. 

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 Escalones Project and the Cristal Project, the reasonability of the economic assumptions at the basis of the results of the PEA for the Zonia Project, 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 the Private Placement, accidents, labour disputes and other risks of the mining industry, delays in obtaining governmental approvals (including acceptance of the Proposed Transaction, the Private Placement and the Consolidation by the TSXV), permits or financing or in the completion of development or construction activities, risks relating to epidemics or pandemics such as COVID–19, including the impact of COVID–19 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.sedar.com.

Readers are cautioned not to place undue reliance on forward-looking statements.  The Company undertakes no obligation to update any of the forward-looking statements in this news release or incorporated by reference herein, except as otherwise required by law.

 

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SOURCE VirtualInvestorConferences.com

FAQ

What will World Copper present at the Virtual Investor Conference on November 10, 2021?

World Copper will provide an update on its projects and engage investors in real-time Q&A.

Who is presenting for World Copper at the Virtual Investor Conference?

CEO Nolan Peterson will be the presenter representing World Copper.

What key updates has World Copper provided recently?

Recent updates include achieving DTC eligibility, filing a technical report for the Escalones project, and confirming two new porphyry targets.

What financing activities has World Copper undertaken in October 2021?

World Copper completed a non-brokered private placement, raising CAD $6.5 million for exploration and working capital.

How can investors participate in the World Copper presentation on November 10, 2021?

Investors can pre-register for the event and join the live presentation or watch the archived webcast afterward.