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.
Granite Creek Copper Ltd. (GCXXF) announced that its shares will resume trading on December 2 after an erroneous delisting caused by a technical issue at the Toronto Stock Exchange. The company confirmed no new material events occurred. Additionally, Granite Creek recently completed the acquisition of Copper North Mining, combining resources to create a new copper-focused exploration company with high development potential. Copper North shares have been delisted and converted to Granite Creek shares at a 2.5:1 ratio. A live webinar discussing the company's developments is scheduled for December 3.
Granite Creek Copper Ltd. (GCXXF) has updated its fall drill program and released a new corporate presentation. Following the acquisition of Copper North, the Carmacks and Stu projects are now combined as Carmacks North. The drill program, which included 1,067 meters across five holes, confirmed significant copper mineralization across all drill sites. The company aims to expand resources and assess potential new discoveries. A live webinar is scheduled for December 3, 2020, where CEO Tim Johnson will discuss further developments.
Granite Creek Copper Ltd. has successfully completed the acquisition of Copper North Mining Corp., combining their significant copper-gold projects in the Yukon. The transaction consolidates a total land position of 176 sq km in the Minto Copper Belt, including the PEA-stage Carmacks Copper-Gold Project with an estimated 23.76 million tonnes grading 0.85% Cu. This merger aims to unlock expansion potential and capitalize on the synergies of the new management teams. Granite Creek now controls 100% of Copper North shares and plans to enhance resource development through targeted drilling.
Granite Creek Copper Ltd. announced court approval for its acquisition of Copper North Mining Corp. The Supreme Court of British Columbia granted a final order on November 18, 2020, following overwhelming shareholder support with 99% voting in favor during a November 13 meeting. The acquisition aims to consolidate Granite Creek's holdings in the Minto Copper district and is expected to finalize around November 30, 2020. CEO Tim Johnson expressed enthusiasm for the expanded potential and upcoming updates on exploration programs.
Granite Creek Copper Ltd. (OTC PINK:GCXXF) has completed an initial tranche of private placement offerings, raising $1,849,881.67 through the issuance of 6,278,587 flow-through units, 1,397,382 non-flow-through units, and 2,000,833 flow-through shares. A second tranche is expected to add C$ 604,119.33 by October 15, 2020, pending TSX Venture Exchange approval. The company has also mobilized a drill rig for its inaugural Stu Copper-Gold project drill program, targeting 1,500 meters to expand on prior exploration. CEO Tim Johnson emphasized their rapid progress in the Minto Copper District.
Granite Creek Copper Ltd. (TSXV:GCX, US OTC:GCXXF) has successfully closed the first tranche of its private placement, raising $1,849,881.67 through the issuance of units and flow-through shares. A second tranche, expected to generate up to C$604,119.33, will close by October 15, 2020. The company announced plans for an inaugural drill program of up to 1,500 meters at its Stu Copper-Gold project. The drill program focuses on the high-grade A Zone and utilizes Kluane Drilling Limited for execution.