Canadian Copper Inc. announces that it has closed its oversubscribed non-brokered private placement consisting of 12,226,557 units at a price of $0.15 per unit for gross proceeds of $1,833,983 previously announced on November 12th, 2024. As a result, the Company will continue its work on the Preliminary Economic Assessment studying the economic potential of processing the 100%-owned Murray Brook deposit at the constructed [...]
Canadian Copper Inc. announces that it has initiated a non-brokered private placement of up to 10,000,000 units at a price of $0.15 per unit for gross proceeds up to $1,500,000 . The Company has secured an initial lead order from Ocean Partners Holdings Limited of $500,000. Simon Quick CEO of Canadian Copper has committed $100,000 to this offering. Purpose of the Private Placement and Use of Funds The Company plans to use [...]
Canadian Copper Inc. announces that Brent Omland, CEO of Ocean Partners Holdings Limited has joined the Company's Board of Directors. Ocean Partners delivers financing and trading services to miners, smelters, and refiners by applying technical, commercial, financial, and political insight, bringing expertise in every aspect of the base and precious metals development and mining business. Simon Quick, CEO of Canadian [...]
Accelerating Timeline to Potential Cu-Zn-Pb-Ag Production at the 100%-owned Murray Brook Deposit: PEA Planned for H1 2025 Canadian Copper Inc. announced today the signing of a Term Sheet and Exclusivity Agreement providing the Company the exclusive right to acquire the Caribou Processing Plant Complex . The transaction represents a material acceleration and derisking step in bringing the Murray Brook Cu-Zn-Pb-Ag deposit [...]
Canadian Copper Inc. announced today based on discussions commencing in late 2023, the signing of a non-binding Memorandum of Understanding with Pabineau First Nation , also known as Oinpegitjoig L'Noeigati, a Mi'kmaq nation located South of Bathurst, New Brunswick. "If it takes a community to raise a child, it takes the same and more to develop a successful mining business that can deliver on each social, environmental [...]
Canadian Copper Inc. announced today the closing of the Chester Project asset sale and certain modifications to the previously announced Raptor Resources Ltd. transaction. Raptor has requested certain changes to the transaction agreements to which the Company has agreed to. The executed updated purchase agreements do not impact any cash component paid to Canadian Copper previously announced on September 10th, 2024 [...]
Canadian Copper Inc. announced today the approval of a second extension for the Initial Public Offering of Raptor Resources Ltd. and listing on the Australian Securities Exchange . Under the terms of the second extension, Raptor will transfer the Company a non-refundable advanced payment of $50,000 and is required to complete their IPO on or before September 27th, 2024. Next Steps and Accelerated Cash Payment of Turgeon [...]
Canadian Copper Inc. announced today that the Initial Public Offering Prospectus for Raptor Resources Ltd. will be lodged with the Australian Securities Exchange on or before of July 15, 2024. This transaction includes the sale and transfer of Canadian Copper's Option Agreement rights for the Chester and Turgeon Projects located in New Brunswick, Canada, for total possible consideration of $2,160,0001,2 in cash and [...]
Canadian Copper Inc. announced today that the Murray Brook mining lease ownership and title have officially transferred to Canadian Copper. The Murray Brook deposit and its surrounding prospective exploration property is located in the prolific Bathurst Mining Camp in New Brunswick, Canada. Simon Quick, CEO of Canadian Copper, said, "This final step closes the Murray Brook transaction and is a welcomed development given [...]
Signed a Definitive Agreement to sell its Chester Project Option Agreement Rights for cash and shares totaling $1,395,0001,2. Signed a Definitive Agreement to sell its Turgeon Project Option Agreement Rights for cash and shares totaling $675,0001,2. Canadian Copper increases its focus on the highly prospective Murray Brook West exploration property that is contiguous to its 100% owned large Murray Brook deposit, New [...]
Canadian Copper Inc. is pleased to announce that it has satisfied all conditions required to acquire 100% of the Murray Brook deposit and its surrounding prospective exploration property located in the prospective Bathurst Mining Camp in New Brunswick, Canada. "The acquisition of the Murray Brook deposit is a critical milestone for Canadian Copper. To further align myself with the same risks each of our investors take, I [...]
Canadian Copper Inc. is pleased to announce that it has entered into a one third of production offtake agreement for copper concentrates from the Murray Brook deposit and an unsecured Credit Facility of up to US$1.5 million 1 with Ocean Partners UK Ltd. . Simon Quick, CEO of Canadian Copper, said, "First and foremost, we welcome Ocean Partners as a strategic shareholder to Canadian Copper. Ocean Partners bring in-depth [...]