Canadian Copper Secures Financial Commitment from Ocean Partners
Toronto, Ontario--(Newsfile Corp. - June 17, 2025) - Canadian Copper Inc. (CSE: CCI) ("Canadian Copper" or the "Company") announces that it has secured a financial commitment ("Backstop Financing") from Ocean Partners UK Ltd. ("Ocean Partners") totaling C$6.0 million. The Backstop Financing will be in the form of either a market related equity subscription or debt or some combination thereof and based on the Company's overall financing requirements at the time of accessing the Backstop Financing. Proceeds from this transaction, if...
2025-06-17 6:00 AM EDT
Canadian Copper's Combined Strategy PEA Delivers After-Tax C$171M NPV(7%), 36% IRR
HIGHLIGHTS1After-tax base case NPV7% of C$171 M, IRR of 36%, and payback of 2 years using US$4.25/lb copper, US$1.30/lb zinc, US$27/oz silver, and US$1.10/lb lead price assumptions (pre-tax NPV7% of C$264 M and IRR of 49%).Study economics supported by local vendor quotes for key areas including mine contracting, haul road construction, haulage from mine to process plant, concentrate trucking rates to Port of Belledune deepwater port, ocean freight rates, and historical operating costs from former Caribou process plant operation.Project combines...
2025-05-22 6:00 AM EDT
Canadian Copper Provides Status Update on Preliminary Economic Assessment and Exploration Program
Toronto, Ontario--(Newsfile Corp. - May 13, 2025) - Canadian Copper Inc. (CSE: CCI) ("Canadian Copper" or the "Company") provides an update on its corporate activities related to its upcoming Caribou Complex Preliminary Economic Assessment ("PEA") and its on-going Murray Brook East exploration program. Combined Strategy PEA: Murray Brook Deposit & the Caribou Complex The Company is scheduled to publish the financial and annual production results of its Combined Strategy PEA this month of May 2025 as planned. The development plan...
2025-05-13 6:00 AM EDT
Canadian Copper Announces Closing of Flow-Through Private Placement
Toronto, Ontario--(Newsfile Corp. - April 15, 2025) - Canadian Copper Inc. (CSE: CCI) ("Canadian Copper" or the "Company") announces that it has closed its non-brokered, flow-through share offering (the "FT Offering") consisting of 2,710,517 flow-through shares (the "FT Shares") of the Company at a price of C$0.19 per FT Share for aggregate gross proceeds of $515,000. There were no warrants as part of this financing.Simon Quick, CEO of Canadian Copper, stated, "We would like to simultaneously thank and welcome a...
2025-04-15 6:00 AM EDT
Canadian Copper Announces a Non-Brokered Flow-Through Offering
Toronto, Ontario--(Newsfile Corp. - March 31, 2025) - Canadian Copper Inc. (CSE: CCI) ("Canadian Copper" or the "Company") announces that it has initiated a non-brokered, flow-through share offering (the "FT Offering") of up to 2,631,580 flow-through shares (the "FT Shares") of the Company at a price of C$0.19 per FT Share with each FT Share consisting of one common share of the Company that qualifies as a flow-through share as defined in section 66(15) of the Income Tax Act (Canada)....
2025-03-31 6:00 AM EDT
Canadian Copper Announces Annual General Meeting Results
Toronto, Ontario--(Newsfile Corp. - March 4, 2025) - Canadian Copper Inc. (CSE: CCI) ("Canadian Copper" or the "Company") announces voting results from the Company's Annual General and Special Meeting of the Shareholders held on February 18, 2025. A total of 29,365,354 common shares were voted, representing 28.71% of all outstanding common shares of the Company. A summary of the results of the election of the Company's directors is as follows:Item Vo
2025-03-04 6:00 AM EST
Canadian Copper Provides Metallurgical Testwork Update
Toronto, Ontario--(Newsfile Corp. - February 10, 2025) - Canadian Copper Inc. (CSE: CCI) ("Canadian Copper" or the "Company") announced today positive results from its on-going metallurgical testwork program at SGS Canada Inc. ("SGS") in Lakefield, Ontario. The purpose of this program is to support the acceleration and derisking efforts towards bringing the Murray Brook Cu-Zn-Pb-Ag Deposit into production using the existing Caribou Process Plant under the Combined Strategy.Simon Quick, CEO of Canadian Copper, stated, "These positive rougher flotation...
2025-02-10 6:00 AM EST
Canadian Copper Provides 2024 Summary and States 2025 Objectives
Toronto, Ontario--(Newsfile Corp. - December 19, 2024) - Canadian Copper Inc. (CSE: CCI) ("Canadian Copper" or the "Company") provides a review of its progress throughout 2024 and outlines its key priorities for 2025. After completing several corporate activities in 2024, the Company remains focused on advancing the Murray Brook deposit ("Murray Brook") and Caribou Processing Complex ("Caribou") in the Bathurst Mining Camp, New Brunswick, Canada. Our metallurgical program is underway at SGS Lakefield (see Photo A), picture taken yesterday...
2024-12-19 6:00 AM EST
Canadian Copper Closes Oversubscribed Private Placement: PEA Progressing for Combined Strategy
Toronto, Ontario--(Newsfile Corp. - December 6, 2024) - Canadian Copper Inc. (CSE: CCI) ("Canadian Copper" or the "Company") 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 ("Private Placement") previously announced on November 12th, 2024. As a result, the Company will continue its work on the Preliminary Economic Assessment ("PEA") studying the economic potential of processing the 100%-owned Murray Brook deposit at the...
2024-12-06 6:00 AM EST
Canadian Copper Announces Private Placement & Lead Order by Ocean Partners
Toronto, Ontario--(Newsfile Corp. - November 12, 2024) - Canadian Copper Inc. (CSE: CCI) ("Canadian Copper" or the "Company") 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 ("Private Placement"). 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...
2024-11-12 9:00 AM EST
Brent Omland, CEO of Ocean Partners Joins Canadian Copper's Board of Directors
Toronto, Ontario--(Newsfile Corp. - November 11, 2024) - Canadian Copper Inc. (CSE: CCI) ("Canadian Copper" or the "Company") announces that Brent Omland, CEO of Ocean Partners Holdings Limited ("Ocean Partners") 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 Copper, "On behalf of our...
2024-11-11 7:00 AM EST
Canadian Copper to Acquire Caribou Processing Plant Complex
Toronto, Ontario--(Newsfile Corp. - October 28, 2024) - Canadian Copper Inc. (CSE: CCI) ("Canadian Copper" or the "Company") announced today the signing of a Term Sheet ("Term Sheet") and Exclusivity Agreement ("Exclusivity Agreement") providing the Company the exclusive right to acquire the Caribou Processing Plant Complex ("Caribou Complex"). The transaction represents a material acceleration and derisking step in bringing the Murray Brook Cu-Zn-Pb-Ag deposit to production.Transaction Highlights Purchase Price: $6,225,000.Term Sheet Signature Date: October 28th, 2024.Transaction Closing Date: July...
2024-10-28 7:00 AM EDT
Canadian Copper Signs MOU with Pabineau First Nation
Toronto, Ontario--(Newsfile Corp. - October 8, 2024) - Canadian Copper Inc. (CSE: CCI) ("Canadian Copper" or the "Company") announced today based on discussions commencing in late 2023, the signing of a non-binding Memorandum of Understanding ("MOU") with Pabineau First Nation ("PFN"), 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...
2024-10-08 7:00 AM EDT
Canadian Copper Closes Chester Asset Sale and Receives Notice of Early Turgeon Payment
Toronto, Ontario--(Newsfile Corp. - September 30, 2024) - Canadian Copper Inc. (CSE: CCI) ("Canadian Copper" or the "Company") announced today the closing of the Chester Project asset sale and certain modifications to the previously announced Raptor Resources Ltd. ("Raptor") transaction. Raptor has requested (Table A) 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.Payment Transfer...
2024-09-30 7:00 AM EDT
Canadian Copper Provides Update on Chester and Turgeon Asset Sale to Raptor Resources
Toronto, Ontario--(Newsfile Corp. - September 10, 2024) - Canadian Copper Inc. (CSE: CCI) ("Canadian Copper" or the "Company") announced today the approval of a second extension for the Initial Public Offering ("IPO") of Raptor Resources Ltd. ("Raptor") and listing on the Australian Securities Exchange ("ASX"). 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...
2024-09-10 7:00 AM EDT
Canadian Copper Provides Update on $2.1M Asset Sale to Raptor Resources
Toronto, Ontario--(Newsfile Corp. - July 2, 2024) - Canadian Copper Inc. (CSE: CCI) ("Canadian Copper" or the "Company") announced today that the Initial Public Offering Prospectus for Raptor Resources Ltd. ("Raptor") will be lodged with the Australian Securities Exchange ("ASX") 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 (Figure A) located in New Brunswick, Canada, for total possible consideration of $2,160,0001,2...
2024-07-02 7:00 AM EDT
Canadian Copper Receives New Brunswick Ministerial Approval for Murray Brook Title Transfer
Toronto, Ontario--(Newsfile Corp. - May 28, 2024) - Canadian Copper Inc. (CSE: CCI) ("Canadian Copper" or the "Company") 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 ("Murray Brook Project") 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...
2024-05-28 7:00 AM EDT
Canadian Copper Executes Sale Agreements Valued at $2.1M
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 Brunswick's largest undeveloped open pit polymetallic resource. (See Figure A).Toronto, Ontario--(Newsfile Corp. - March 4, 2024) - Canadian Copper Inc....
2024-03-04 7:00 AM EST
Canadian Copper Completes Acquisition of Murray Brook Deposit
Toronto, Ontario--(Newsfile Corp. - February 1, 2024) - Canadian Copper Inc. (CSE: CCI) ("Canadian Copper" or the "Company") 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 ("Murray Brook Project") 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...
2024-02-01 7:00 AM EST
Canadian Copper Signs Offtake Agreement and Credit Facility with Ocean Partners
Toronto, Ontario--(Newsfile Corp. - January 30, 2024) - Canadian Copper Inc. (CSE: CCI) ("Canadian Copper" or the "Company") is pleased to announce that it has entered into a one third of production offtake agreement ("Offtake Agreement") for copper concentrates from the Murray Brook deposit ("MB") and an unsecured Credit Facility ("the Credit Facility") of up to US$1.5 million (C$2.01 million)1 with Ocean Partners UK Ltd. ("Ocean Partners").Simon Quick, CEO of Canadian Copper, said, "First and foremost, we welcome Ocean Partners as...
2024-01-30 7:00 AM EST