Northwest Copper Corp. is pleased to announce that it has received 267,159 common shares from Alpha Copper Corp representing the first payment under a property option agreement dated January 13, 2022 among Eastfield Resources Ltd., Alpha and the Company . The common shares have an aggregate value of $250,000 and are subject to a statutory hold period of four months and one day from the date of issuance. Pursuant to the [...]
NorthWest Copper is pleased to announce that drilling at Kwanika has encountered strong copper-gold grades in holes designed to expand the footprint of mineralization at the Kwanika Central and Kwanika South Zones. These are the first results from 2021 Kwanika drilling that are outside of the Central Zone footprint. Highlights include: K-21-223: 137.00 metres1 of 0.52% Copper Equivalent 2 including 34.00 metres of 1.30 [...]
NorthWest Copper is pleased to announce that drilling at Kwanika has intersected additional high-grade copper-gold mineralization. Drill holes K-21-220 and K-21-222 returned intervals of very high grades within much longer intervals of significant Cu-Au grades in the vicinity of hole K-21-217 1. Highlights include: K-21-220: 280 metres2 of 1.08% CuEq3 including 13.85 metres at 4.16% CuEq; K-21-222: 227.60 metres of 0.82 [...]
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 [...]
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