Brief: Copper Mountain Mining Announces Agreement To Sell Eva Copper Project And Australian Exploration Tenements
06/10/2022 09:47
Oct 6 (Reuters) - Copper Mountain Mining Corp CMMC.TO :
* COPPER MOUNTAIN MINING ANNOUNCES AGREEMENT TO SELL EVA
COPPER
PROJECT AND AUSTRALIAN EXPLORATION TENEMENTS FOR TOTAL
CONSIDERATION OF UP TO US$230 MILLION
* UNDER TERMS, COPPER MOUNTAIN WILL RECEIVE US$170,000,000
IN CASH
PAYABLE ON CLOSING
* GENERATE HEALTHY FREE CASH FLOW STARTING 2023, EXPECT MINE
OPERATIONS, 65,000 TONNES/DAY EXPANSION TO BE SELF-FUNDED GOING
FORWARD
Source text for Eikon: ID:nCNWkM2hLa
Further company coverage: CMMC.TO
((Reuters.Briefs@thomsonreuters.com;))
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