Arizona Sonoran Copper is pleased to announce that it has entered into an agreement with Scotiabank, as sole bookrunner, on behalf of a syndicate of underwriters, pursuant to which the Underwriters have agreed to purchase, on a "bought deal" basis, 22,500,000 common shares of the Company at a price of C$2.00 per Common Share for aggregate gross proceeds to the Company of C$45 million. The Company has agreed to grant the [...]
Arizona Sonoran Copper is pleased to announce that in preparation for project financing, it has appointed H&P Advisory Limited as its debt financial advisor for the Cactus Project, a copper cathode development project. H&P will work closely with the management team to provide complete and proactive support in all aspects of the project financing process for the Project, acting as the primary interface with lenders. The [...]
Arizona Sonoran Copper Company Inc. , an emerging U.S. copper developer in Arizona, today provides an update on key workstreams associated with advancing the 2024 Preliminary Economic Assessment to Pre-feasibility Study . The 2024 PEA envisages a low capital intensity open pit operation producing over 116,000 short tons or 232 million pounds of copper cathodes annually for the first 20 years of the mine life, via heap [...]
Arizona Sonoran Copper Company Inc. is pleased to announce that initial Parks/Salyer infill drilling results are confirming the continuity of mineralization at tighter drill spacings, and additionally, have extended the high grade core at the Parks/Salyer copper deposit, onto the MainSpring property at the Cactus Project, in Arizona . Results from the program are in line with expectations, with a few positive outliers [...]
Arizona Sonoran Copper Company Inc. , an emerging U.S. copper developer, is pleased to report that RG Royalties LLC, a subsidiary of Royal Gold Inc. has purchased an existing 2.5% net smelter royalty on a portion of the Cactus Project for cash consideration of US$55 million from Tembo Capital. ASCU has the right to buy back 0.5% of Royal Gold's aggregate 2.5% NSR for US$7 million, by July 10, 2025. George Ogilvie, ASCU [...]
Arizona Sonoran Copper Company Inc. , an emerging U.S. copper developer, is pleased to highlight the significant progress made at the Cactus Project in 2024, and outline its fully-funded strategic goals for 2025. ASCU is committed to advancing its brownfield Cactus Project through technical studies, building upon the positive updated 2024 Preliminary Economic Assessment issued this past August. The 2024 PEA highlighted a [...]
Arizona Sonoran Copper Company Inc. announces that it has adopted a shareholder rights plan effective as of January 31, 2025, pursuant to a shareholder rights plan agreement entered into with TSX Trust Company, as rights agent. The Rights Plan is designed to ensure that all ASCU shareholders are treated fairly in connection with any take-over bid and to protect against "creeping bids", which involve the accumulation of [...]
Arizona Sonoran Copper Company Inc. , an emerging US copper developer, is pleased to announce that further to its press release dated January 9, 2025 , it has closed its private placement with Hudbay Minerals Inc. of 11,955,270 common shares at a price of C$1.68 for gross proceeds to the Company of C$20,084,853 million . Additionally, Nuton LLC , a Rio Tinto Venture, exercised its pre-emptive rights in respect of the [...]
Arizona Sonoran Copper Company Inc. is pleased to announce that Hudbay Minerals Inc. has agreed to subscribe for 11,852,064 common shares of the Company in a non-brokered private placement at a price of C$1.68 per Common Share for total consideration of C$19,911,467. Closing is expected to occur on or about January 30, 2025, subject to certain customary closing conditions. Proceeds of the Private Placement are to be [...]
Arizona Sonoran Copper Company Inc. is pleased to announce that it has completed a buyback of 1% of the Bronco Creek Exploration net smelter royalty for a cash payment of US$500,000, reducing the NSR from 1.5% to a remaining 0.5% NSR. The NSR applies to the BCE parcel which comprises a portion of the Parks/Salyer deposit on the Cactus Project. In FIGURE 1, the BCE parcel is represented in yellow. This press release [...]
Arizona Sonoran Copper Company Inc. an emerging US-based copper developer, announces results from 12 leach columns completed from its column leach metallurgical testing program at the Cactus Project, Arizona. An average soluble copper extraction rate of 87% over 180 days of leaching was achieved from 6 oxide and enriched composite columns from the Parks/Salyer deposit, inclusive of MainSpring. The other 6 columns [...]
Arizona Sonoran Copper Company Inc. an emerging US-based copper developer, is pleased to announce an amendment to the Industrial Air Permit has been received from the Pinal County Air Quality Division. The amended Aquifer Protection permit has been applied for and is currently under review by the Arizona Department of Environment and Quality, ADEQ. The amended Industrial Air permit pertains to a February 2024 [...]
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