Welcome to our dedicated page for Granite Creek Co news (Ticker: GCXXF), a resource for investors and traders seeking the latest updates and insights on Granite Creek Co stock.
The GCXXF news archive captures the historical announcements of Granite Creek Copper Ltd., a former growth-stage exploration company whose shares traded on the OTC markets under GCXXF and on the TSX Venture Exchange as GCX. Company news releases describe a focus on exploration and development of critical minerals projects in North America, including copper, gold, molybdenum, nickel, and platinum group metals, along with emerging work in geologic hydrogen and carbon sequestration.
Readers of this page can review news covering Granite Creek’s flagship Carmacks copper-gold-silver project in Yukon, where the company reported a National Instrument 43‑101 compliant resource, a Preliminary Economic Assessment, and multiple drilling campaigns. Releases discuss new mineralized zones such as the Gap Zone, resource expansion potential, and metallurgical test work aimed at improving recoveries at Carmacks.
The archive also includes updates on Granite Creek’s broader portfolio, such as the LS molybdenum project and the Star copper-nickel-PGM project in British Columbia, as well as ultramafic projects in Alaska like Union Bay and the proposed Duke Island acquisition. Many of these announcements highlight the dual focus on critical minerals and the potential for carbon sequestration and geologic hydrogen production in ultramafic rock settings.
A key theme in the later news flow is corporate transformation. Releases describe the incorporation of Element One Hydrogen Ltd., collaborations with research organizations including Kemetco Research Inc., New England Research Inc., and academic partners, and ultimately the business combination with Cascadia Minerals Ltd. through a court‑approved plan of arrangement. That transaction merged Granite Creek into Cascadia and shifted ongoing project reporting to Cascadia’s symbols.
Investors and researchers can use this GCXXF news page as a historical record of Granite Creek Copper’s exploration activities, project transactions, and the steps leading to its merger into Cascadia Minerals.
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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.