Welcome to our dedicated page for Granite Creek news (Ticker: GCXXF), a resource for investors and traders seeking the latest updates and insights on Granite Creek stock.
Granite Creek Copper Ltd. was a mineral exploration and development company whose news centered on copper-gold-silver and critical-mineral assets before its acquisition by Cascadia Minerals Ltd. through a court-approved plan of arrangement. Coverage included the Carmacks copper-gold-silver project in Yukon, the Star Ni-Cu-PGE project in central British Columbia, drilling results, project studies, and technology work involving ultramafic rocks, metal extraction, carbon sequestration, and geologic hydrogen.
Company updates also covered shareholder voting matters, material agreements, capital-structure disclosures, operating and financial results, governance changes, and the completed business combination that moved Granite Creek into Cascadia.
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Granite Creek Copper Ltd. (TSXV:GCX)(OTCQB:GCXXF) announced the appointments of Robert Sennott to its board and Peter Harris to its advisory board, as it progresses the Carmacks copper-gold-silver project in Yukon, Canada. François Lalonde will step down from the board to focus on his role at another venture. The company reported a 43% increase in resources at Carmacks, alongside acquisition of a significant 90+ million-pound molybdenum resource. Granite Creek aims to enhance oxide recovery and explore expansion opportunities, following recent geophysical and geochemical surveys. The management changes are expected to bring valuable expertise for development and production.
Granite Creek Copper Ltd. (GCXXF) announced an agreement to acquire a 100% interest in the Lucky Ship Molybdenum Project from two vendors. Under the terms, Granite Creek will issue 3,750,000 shares over three years and conduct significant exploration work to maintain mineral claims. The LS Molybdenum Project contains a historical resource of 92.6 million pounds of indicated molybdenum and is strategically located in British Columbia's mining region. CEO Tim Johnson emphasized the project's potential amidst rising molybdenum demand and highlighted synergies with their flagship Carmacks project, which has seen a 43% resource expansion since acquisition.
Granite Creek Copper Ltd. (TSX.V:GCX)(OTCQB:GCXXF) announced the filing of a National Instrument 43-101 technical report for its Carmacks project in Yukon, Canada. The report, named "NI 43-101 Technical Report on the Carmacks Project Preliminary Economic Assessment (PEA) Yukon, Canada," is effective as of January 19, 2023. Conducted by SGS Geological Services, it adheres to the National Instrument 43-101 Standards. Investors can access the report on the Company’s profile at www.sedar.com and on its website, www.gcxcopper.com.
Granite Creek Copper Ltd. (OTCQB: GCXXF) announced its participation in the inaugural Yukon Mining Alliance Invest Yukon Core Shack at the annual PDAC convention in Toronto from March 5-8, 2023. The company will showcase core samples from its flagship Carmacks Copper-Gold-Silver project at Booth #3314. Additionally, Granite Creek will engage with investors at Booth #IE3024 and sponsor the Invest Canada North reception on March 6. The Yukon Mining Alliance promotes mining opportunities in Yukon, highlighting its competitive advantages.
Granite Creek Copper Ltd. announced positive results from its Preliminary Economic Assessment (PEA) for the Carmacks Project in Yukon. The PEA showcases attractive economics with a pre-tax NPV of C$324 million at base metal prices and C$475 million at higher prices. Mine life is estimated at 9 years with capital costs around C$220 million. The project targets 7,000 tonnes per day and has lucrative exploration potential within 1 km of resources. The PEA emphasizes a low-carbon copper source, aligning with Canada's critical minerals strategy. A webinar is scheduled for January 24, 2023, to discuss these results further.
Granite Creek Copper Ltd. (GCXXF) announced positive metallurgical results for its Carmacks copper-gold-silver project in Yukon, Canada, supporting an upcoming Preliminary Economic Assessment (PEA). Testing by SGS Vancouver Metallurgy showed high recovery rates, with the sulphide/oxide blend achieving 82% recovery for copper. The metallurgical study solidifies a simplified froth flotation process, enhancing overall recoveries. Additionally, Granite Creek has granted 1,250,000 stock options to its team, set to expire on January 10, 2028. The PEA is expected to be released by the end of the current quarter.
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Granite Creek Copper Ltd. (GCXXF) has amended the terms of its private placement financing and closed the first tranche, raising $113,000 through the issuance of 1,494,665 units at $0.075 each. Additionally, it plans to issue 2,000,000 flow-through shares at $0.11, potentially raising $240,000. Proceeds will support exploration at the Carmacks project and the newly acquired Star Project. The company anticipates an updated economic assessment for Carmacks by Q4 2022, positioning it as a competitive copper producer in North America.
Granite Creek Copper Ltd. has announced a non-brokered private placement financing of up to $640,000. This will include up to 5 million units priced at $0.08 and 2 million flow-through shares at $0.12. The proceeds will fund the exploration and development of its Carmacks copper-gold-silver project in Yukon and the newly acquired Star Project in British Columbia. The offering is subject to regulatory approval and all shares will have a statutory hold period of four months and one day.