NorthWest Copper is pleased to announce that it has completed the first issuance of Consideration Shares to POSCO International Corporation pursuant to the previously announced agreement whereby NorthWest has agreed to purchase POSCO's approximately 31% interest in Kwanika Copper Corporation for total consideration of C$11 million , payable in shares of NorthWest. KCC is a British Columbia corporation which owns 100% of [...]
NorthWest Copper is pleased to announce that drill-hole ENV-21-007 has intersected high grade gold, including 10.5 grams per tonne over 2.0 metres, within a broader interval of 41 metres grading 1.24 g/t Au. Additional drill holes have intercepted significant copper-gold-silver mineralization. We have successfully expanded the footprint of mineralization with strongly mineralized intervals, over a 1 by 1.5 km area of [...]
NorthWest Copper is pleased to announce that it has entered into a property option agreement with Alpha Copper Corp. whereby the Company has granted Alpha the right to acquire a 100% interest in a series of mineral claims located in the province of British Columbia commonly referred to as the "Okeover Copper Project" , subject to 2% net smelter return to be retained by the Company . Pursuant to the terms of the Option [...]
NorthWest Copper announces that it has granted 3,575,000 Stock Options to directors, certain employees and consultants, and 1,175,000 Restricted Share Units to certain employees and consultants pursuant to its Stock Option and RSU Plans. The Stock Options have an exercise price of $0.80 and have a range of vesting periods over three years and expire after five years. The RSUs are payable in common shares of the Company on [...]
NorthWest Copper is pleased to announce that it has entered into an agreement with POSCO International Corporation whereby NorthWest will purchase all of POSCO's approximately 31% remaining interest in Kwanika Copper Corporation for total consideration of C$11 million , payable in shares of NorthWest . KCC is a joint venture corporation co-owned by NorthWest and POSCO , which in turn owns 100% of the Kwanika Project. At [...]
Northwest Copper Corp. is pleased to announce that it has closed the previously announced bought deal private placement offering of 16,950,000 common shares of the Company issued as "flow-through shares" as defined in subsection 66 Income Tax Act, at a price of $1.18 per Charity FT Share for aggregate gross proceeds of $20,001,000. "Our successful exploration program in 2021 has identified multiple new and exciting [...]
NorthWest Copper is pleased to announce that drilling at Kwanika has encountered multiple intersections of high-grade copper-gold porphyry mineralization. These holes extend the high-grade part of Kwanika. All five holes have intercepts of greater than 1% copper equivalent mineralization and contain meaningful gold grades. These results reinforce the high-grade nature and continuity of this deposit. Highlights are [...]
Northwest Copper Corp. is pleased to announce that it has entered into an agreement with National Bank Financial, pursuant to which a syndicate of underwriters led by National Bank, have agreed to purchase 16,950,000 charity flow-through common shares on a bought deal private placement basis. The Charity FT Shares will qualify as "flow-through shares" within the meaning of the Income Tax Act . The Charity FT Shares will [...]
NorthWest Copper is pleased to announce that it has drilled a new Cu-Au porphyry discovery at its 100% owned East Niv property. This is the first drill campaign to ever be conducted on the property, and results to date are highly encouraging. Highlights from the first four holes include the following: ENV-21-004: 81.60 metres1 of 0.56% copper equivalent 2 including; 42.90 metres of 0.78% CuEq starting at 14.10 metres and [...]
NorthWest Copper is pleased to announce that drillhole K-21-217 has returned the highest-grade Cu-Au interval ever intersected at Kwanika. The interval consists of massive to semi-massive copper and gold mineralization at moderate depth in the western half of the deposit. It expands the high-grade portion of the deposit, introducing a new style of mineralization. The drill intercept returned the following mineralized [...]
NorthWest Copper is pleased to announce that additional assays have been received from our near-surface high-grade expansion and confirmation drill program at Kwanika. This second batch of high-grade assays from the 2021 program at Kwanika were drilled north of previously released results. Like the results released previously1, these continue to expand the near-surface footprint of mineralization. With high-grade starting [...]
NorthWest Copper is pleased to announce that assays have been received from the initial surface expansion and confirmation drilling at Kwanika. The results, with consistently high-grade intercepts starting at 25 to 36 metres downhole, support Kwanika as a unique high-grade porphyry copper-gold deposit and expand the near-surface footprint of potential open pit mineralization. Additional Kwanika results will follow for [...]