World Copper Ltd. announces that it has entered into a binding letter agreement made as of June 10, 2022 with Electric Royalties Ltd. for the sale and grant to Electric Royalties of a gross revenue royalty and royalty option package on the Company's wholly owned Zonia Copper Oxide project , located in the Walnut Grove Mining District, Yavapai County, Arizona, United States . Highlights The key terms of the Transaction [...]
Electric Royalties Ltd. is pleased to announce the signing of a binding letter agreement with World Copper Ltd. to acquire a 0.5% gross revenue royalty on the wholly owned Zonia Copper Oxide Project in Arizona, US in exchange for C$1,550,000 cash and 2,000,000 common shares of the Company . The Company will also have the right , for a period of 15 months after closing of the Transaction, to acquire a further 0.5% GRR on [...]
World Copper Ltd. announces that the holder of an option to acquire a 1% net smelter returns royalty on future production from World Copper's Zonia copper oxide project has exercised the Royalty Option by making a cash payment to World Copper of $1,407,867. Following the exercise of the Royalty Option by the Royalty Holder, World Copper has bought-out the Royalty by issuing 7,731,285 common shares to the Royalty Holder at [...]
World Copper Ltd. announces that it has completed an internal technical review of the exploration and development potential of the Zonia Copper Oxide Project , located in the Walnut Grove Mining District, Yavapai County, Arizona, United States. The Company acquired Zonia in January 2022; a decision made in part based on Zonia's strong 2018 preliminary economic assessment . Key Highlights An internal technical review [...]
World Copper Ltd. , announces that its wholly-owned Chilean subsidiary has signed a non-binding Letter of Intent with Desaladora Rosario SpA for the construction of a pipeline, which will provide a desalinated seawater supply alternative for the Company's flagship Escalones project in Central Chile . DESALA develops water desalination projects using reverse osmosis technologies that allows for the production of [...]
World Copper Ltd. reports that the Company's common shares have been approved and upgraded to the OTCQX® Best Market and will continue to trade under the symbol WCUFF. The Company's primary listing also continues to trade on the TSX Venture Exchange under the symbol WCU. World Copper President & CEO, Nolan Peterson, stated, "With World Copper upgrading to trading on OTCQX Best Market we demonstrate our continuing [...]
World Copper Ltd. announces that further to its news release dated February 15, 2022, it has filed on SEDAR a National Instrument 43-101 Standards of Disclosure for Mineral Projects technical report with respect to the preliminary economic assessment for its Escalones copper project in Chile . The technical report is entitled "Preliminary Economic Assessment NI 43-101 Technical Report, Escalones Copper Project, Santiago [...]
World Copper Ltd. for a 5,000 m diamond drilling programme to be carried out at the Company's flagship 100%-owned Escalones project in Central Chile . On February 21, 2022 the Regional Environmental Committee approved the drilling application Declaración de Impacto Ambiental submitted by World Copper's wholly-owned subsidiary and, subsequent to this favorable decision, a Resolución de Calificación Ambiental was issued on [...]
Webcast & conference call March 22, 2022, 8:00AM PST World Copper Ltd. , announces the results of the independent Preliminary Economic Assessment for its flagship Escalones project in Central Chile . All values in this news release are reported in U.S. dollars unless otherwise noted. PEA HIGHLIGHTS: $1,499.6 million Post-Tax NPV8 at $3.60 /lb. Life of Mine copper price Post-Tax IRR of 46.2% and Payback of 2.18 years [...]
World Copper Ltd. announces that it has entered into a Memorandum of Understanding , through its wholly-owned Chilean subsidiary, TriMetals Mining SCM, with the Advanced Mining Technology Centre of the Faculty of Physics and Mathematics of the University of Chile . The MOU sets out a framework for a strategic alliance between the parties for the research, development, and implementation of sustainable and innovative [...]
World Copper Ltd. , at the request of IIROC, clarifies and provides additional information related to its February 2, 2022 news release. The Company retracts its stated endorsement of the future price targets and buy recommendation reports of Zack's Small-Cap Research and Fundamental Research Corp. , which statement was made in error. The Company reports that each of Zack's and FRC have been retained for a one year term [...]
World Copper Ltd. , provides the public and its shareholders with a corporate update. A Message from World Copper's CEO and President, Nolan Peterson: My fellow stakeholders, three weeks ago we passed a significant milestone for the company as we have now been publicly traded for one year. On Friday, January 28th, we completed our merger with Cardero Resources and welcomed a new group of shareholders and a new project to [...]