Brief: Nevada Copper Announces Restart Plan And Proposed Financing Package For Pumpkin Hollow Copper Mine

Nevada Copper

26/08/2022 02:04

Aug 25 (Reuters) - Nevada Copper Corp  NCU.TO :
    * NEVADA COPPER ANNOUNCES RESTART PLAN AND SIGNIFICANT
PROPOSED
FINANCING PACKAGE
    * NEVADA COPPER - AGREED TO TERMS WITH FINANCING PARTNERS TO
PROVIDE UP TO US$93 MILLION OF LIQUIDITY TO CO TO RESTART,
RAMP-UP OF PUMPKIN HOLLOW COPPER MINE
    * EFFECTIVE AUGUST 26, 2022, MATT ANDERSON WILL REPLACE KRIS
SIMS
AS INTERIM CHIEF FINANCIAL OFFICER OF COMPANY
    * NEVADA - IF RESTART PLAN IS EXECUTED AS PLANNED, EXPECTS
UNDERGROUND PRODUCTION UP TO APPROX 3,000 TPD IN Q3 2023,
FURTHER INCREASE 5,000 TPD IN Q4 2023

Source text for Eikon:  ID:nGNX1LjplH 
Further company coverage:  NCU.TO 

 ((Reuters.Briefs@thomsonreuters.com;))