Granite Creek Co Stock Price, News & Analysis

Granite Creek Copper Ltd. (GCXXF) has established a dedicated Community & First Nations Relations Team within the Metallic Group of Companies, appointing Lindsay Wilson as Manager. This initiative aims to enhance partnerships with local communities and First Nations, emphasizing a commitment to environmental, social, and governance (ESG) practices. The team will participate in the Arctic Indigenous Investment Conference on May 4-5, 2022, to promote indigenous businesses and support economic growth in the region.

Granite Creek Copper Ltd. (OTCQB:GCXXF) has announced the retention of SGS to conduct an updated Preliminary Economic Assessment (PEA) on the Carmacks project. The updated assessment will utilize a new resource estimate of 36.2 million tonnes, marking a 43% increase in contained copper. The project features an even split of oxide and sulphide resources, with 96% modeled in open pits, lowering cash costs. The CEO emphasizes the project's strategic location and the anticipated demand for copper and molybdenum in a low-carbon economy.

Granite Creek Copper Ltd. (GCXXF) released an updated mineral resource estimate for its Carmacks copper-gold-silver deposit, showing a 43% increase in contained copper, now at 36.2 million tonnes grading 1.07% CuEq. The estimate includes 302,000 ounces of gold and 3.79 million ounces of silver, with the first inclusion of 8.5 million pounds of molybdenum. The project remains open for expansion, supported by positive drilling results. An updated preliminary economic assessment is planned to evaluate the economics of processing oxide and sulphide materials.

Granite Creek Copper Ltd. announced final assay results from its Phase 2 Reverse Circulation and Phase 3 diamond drill programs at the Carmacks project. The Phase 2 RC program identified mineralization in 13 of 20 holes, with several areas prioritized for follow-up drilling. The Phase 3 results confirmed geometry in Zone 2000S, with notable intercepts including 105 m of 1.18% Copper Equivalent. The company aims to update its NI 43-101 resource estimate and develop a new mine plan incorporating both oxide and sulfide materials, which may enhance project economics.

Granite Creek Copper has announced the completion of work by GoldSpot Discoveries Corp. at its Carmacks project. Utilizing advanced AI technology, GoldSpot identified new exploration targets within the high-grade Minto copper belt in Yukon, Canada. Key highlights include re-interpreted geophysical data, new target generation, and enhanced geological modeling. Additionally, Granite Creek has granted stock options and settled $86,162 in debt through share issuance. The company plans to update its mineral resource estimate in Q1 2022.

Granite Creek Copper Ltd. (OTCQB: GCXXF) announced approval from TSX Venture to extend the expiry date of certain warrants originally set to expire on January 16, 2022, to January 16, 2023. These warrants, part of a financing completed in January 2019, allow holders to purchase shares at an exercise price of $0.20. If shares trade at $0.30 or above for 10 consecutive days, the company may accelerate the expiry. The company is focused on its Carmacks project in Yukon, Canada.

Granite Creek Copper Ltd. (OTCQB: GCXXF) will participate in a live webinar on January 13, 2022, featuring key achievements from 2021 and upcoming catalysts for 2022. CEOs from Granite Creek, Group Ten Metals, and Metallic Minerals will present followed by a Q&A session. The Carmacks project in the Minto copper district of Yukon is highlighted, with significant infrastructure support nearby. Registration for the event is available online.

Granite Creek Copper Ltd. (GCXXF) has announced a debt settlement of up to CAD$86,162 through the issuance of 344,648 common shares at a price of CAD$0.25 per share, pending TSX Venture Exchange approval. All shares will be subject to a hold period of four months plus one day. The company focuses on the Carmacks project in the Yukon Territory, which has advantageous access to infrastructure and is near the Minto copper-gold mine. This move aims to manage financial obligations and support ongoing operations.

Granite Creek Copper Ltd. (OTCQB:GCXXF) closed a $1.5 million non-brokered private placement, issuing 8,333,337 flow-through common shares at a price of $0.18 per share. Proceeds will fund eligible Canadian Exploration Expenses at the Carmacks project in Yukon. Insiders participated, acquiring 194,456 shares, exempt from formal valuation requirements. Finders received $91,000 in fees and 505,554 warrants at $0.27 for two years. The shares are subject to a four-month hold period and are not registered in the U.S.