Arizona Sonoran Copper Company Inc. an emerging US-based copper developer and near-term producer, is pleased to announce that further to its news release dated October 9, 2024, it has closed a non-brokered private placement financing in respect of the exercise by Nuton LLC , a Rio Tinto Venture, of its pre-emptive rights under its Investor Rights Agreement . ASCU President and CEO, George Ogilvie commented, "The ongoing [...]
Arizona Sonoran Copper Company Inc. today announces that following a request for proposal, ASCU has appointed M3 Engineering, Tucson, to lead the Cactus Project Pre-Feasibility Study and to act as metallurgical program lead. The consultants will include AGP , Clear Creek , ALS Geotechnical , and Partners in Performance , all of whom have contributed to ASCU's prior studies. The Company anticipates the PFS to be completed [...]
Arizona Sonoran Copper Company Inc. is pleased to announce that the Company has closed its previously announced public offering of common shares of the Company . The underwriters exercised the full over-allotment option to purchase an additional 15% of the Common Shares in connection with the Offering. The Company issued, on a bought deal basis, 23,805,000 Common Shares, including 3,105,000 Common Shares pursuant to the [...]
Arizona Sonoran Copper Company Inc. is pleased to announce that it has filed and been receipted for a final short form prospectus in connection with its bought deal offering of 20,700,000 common shares in the capital of the Company at a price of C$1.45 per Common Share for gross proceeds to the Company of C$30,015,000 , as further described in the press releases of the Company dated September 24, 2024 and September 27 [...]
Arizona Sonoran Copper Company Inc. is pleased to announce that it has filed and been receipted for a preliminary short form prospectus in connection with its bought deal offering of 20,700,000 common shares in the capital of the Company at a price of C$1.45 per Common Share for gross proceeds to the Company of C$30,015,000 , as further described in the press release of the Company dated September 24, 2024. Pursuant to [...]
Arizona Sonoran Copper Company Inc. today announces the appointment of Mr. Nicholas Hayduk as VP Corporate Development, General Counsel and Corporate Secretary complementing the team with a wide-range of Corporate Development and General Counsel expertise for the metals and mining industry. Effective October 1, 2024, Mr. Hayduk will replace Ms. Rita Adiani who will be leaving the Company following a two-week transition [...]
Arizona Sonoran Copper Company Inc. is pleased to announce that the Company has entered into an amending agreement with Raymond James Ltd. and Paradigm Capital Inc., as co-lead underwriters and joint bookrunners, on behalf of a syndicate of underwriters to increase the size of its previously announced equity offering. The Underwriters have agreed to purchase, on a bought deal basis from the Company, a total of 20,700,000 [...]
Arizona Sonoran Copper Company Inc. is pleased to announce that it has entered into an agreement with Raymond James Ltd. and Paradigm Capital Inc., as co-lead underwriters and joint bookrunners, on behalf of a syndicate of underwriters , pursuant to which the Underwriters have agreed to purchase, on a "bought deal" basis, 17,241,400 common shares of the Company at a price of C$1.45 per Common Share for aggregate gross [...]
Arizona Sonoran Copper Company announces the voting results from its annual and special meeting, held earlier today. A total of 76,531,243 common shares were voted at the meeting representing 69.92% of the issued and outstanding shares. Shareholders voted in favour of the business before the Meeting, being the reappointment of PricewaterhouseCoopers LLP as auditors of the Company, the approval of the equity compensation [...]
Arizona Sonoran Copper Company Inc. reports new drill assay results from its infill and step-out drilling program below the previously untested extents of primary copper mineralization around the Cactus West pit, on the Cactus Project, in Arizona. Drilling builds upon the Company's PEA drill database, extending the primary sulphide zones by upwards of 500 ft below known mineralization . This press release features [...]
Arizona Sonoran Copper Company Inc. today reports that, further to the press release dated AUG 7, 2024, announcing the Cactus Project NI 43-101 Preliminary Economic Assessment , the technical report in respect of the PEA is now filed on SEDAR+ under the Company's issuer profile and is also available on the company website . The Cactus PEA envisages an average 86k short ton per annum open pit copper heap leaching operation [...]
Arizona Sonoran Copper reports the results from an NI 43-101 Preliminary Economic Assessment on its 100%-owned brownfield Cactus Project. The PEA supersedes the previously released Pre-Feasibility Study in all respects, and rescopes Parks/Salyer as an open pit operation resulting from the inclusion of the MainSpring property. The inclusion materially improves the economics and operations of the project, producing a total [...]
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