Nevada Copper Raises $100 Million to Advance Pumpkin Hollow Underground Copper Project, Nevada
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Nevada Copper Corp. has successfully executed binding agreements to raise $100 million of equity financing from institutional investors as part of its $378 million construction financing and recapitalization transactions.
Due to strong demand from institutional investors to participate in the equity financing, Pala Investments Ltd. has agreed to reduce its equity subscription to accommodate additional participation of several large institutional funds which will further enhance Nevada Copper’s shareholder register.
With the successful equity financing, Nevada Copper will have substantial funds to continue to advance its 100 percent owned Pumpkin Hollow underground copper underground project towards first production, and undertake optimization of its adjacent, permitted, open pit copper project, with the aim of defining a large-scale, higher-margin development option with reduced capital costs.
About Nevada Copper
Nevada Copper controls the 100 percent owned Pumpkin Hollow copper project located near Yerington Nevada. The Pumpkin Hollow copper project is located entirely on private land close to infrastructure with all required power and water supplies secured. With the project entirely on private land, all required Nevada permits for construction and mine operations are in hand for both and underground and open pit operation. The company’s Pumpkin Hollow Copper Project represents an attractive, “shovel-ready”, fully-permitted copper project located in an ideal mine-friendly location.
To stop by Nevada Copper’s website, CLICK HERE
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