Welcome to our dedicated page for Horizon Copper news (Ticker: HNCUF), a resource for investors and traders seeking the latest updates and insights on Horizon Copper stock.
Horizon Copper Corp. (OTCQB: HNCUF) generates news primarily through developments related to its copper and copper-gold asset interests and through corporate transactions. Company releases describe Horizon Copper as a copper company holding a 1.66% net profits interest on the Antamina copper mine, exposure to the Oyu Tolgoi copper mine via a 24% equity ownership in Entrée Resources Ltd., and a 30% interest in the Hod Maden copper-gold project.
News coverage for Horizon Copper includes updates on drilling and technical results at projects to which it has exposure. For example, the company has highlighted high-grade drill results from the Hugo North Extension at the Oyu Tolgoi mine, based on data released by Entrée Resources and its joint venture partner. It has also reported on pre-construction and early-works investment at the Hod Maden project in Türkiye, including information on planned capital expenditures and development activities by the project operator.
Another key category of Horizon Copper news involves corporate and strategic transactions. The company announced a definitive arrangement agreement under which Royal Gold, Inc. would acquire all issued and outstanding Horizon Copper shares, other than those held by Sandstorm Gold Ltd., for cash consideration. Subsequent releases reported securityholder approval, court approval, and completion of this plan of arrangement, along with Horizon Copper’s expectation that its shares would be delisted from the TSX Venture Exchange and that it would apply to cease to be a reporting issuer.
Investors and researchers reviewing Horizon Copper news can use this page to follow historical updates on its asset interests, arbitration developments related to Oyu Tolgoi through Entrée Resources, equity incentive grants, and the completed acquisition by Royal Gold. For those tracking the HNCUF symbol, this news history provides context on how Horizon Copper’s portfolio and corporate status have evolved over time.
Horizon Copper Corp. (TSXV: HCU) (OTCQX: HNCUF) has announced the granting of 1,240,000 Restricted Share Rights (RSRs) to its officers, directors, employees, and consultants under the Company's Equity Incentive Plan. The RSRs will vest in three equal annual tranches over a three-year period, with the first vesting occurring on the first anniversary of the grant date.
Horizon Copper reports development updates from its portfolio assets. At the Hugo North Extension, underground development work has begun at Oyu Tolgoi Lift 1 Panel 1, with up to 212 metres of lateral development planned. Recent drill results show significant high-grade mineralization, including hole EGD 174 intersecting 448 metres grading 1.31% copper. At Hod Maden, where Horizon owns a 30% interest, SSR Mining spent US$10.9 million on pre-construction works in Q3 2024 and plans to outline its 2025 capital expenditure forecast in early 2025.
Horizon Copper Corp. (TSX-V: HCU) (OTCQX: HNCUF) has secured a $30 million revolving credit facility with an additional $20 million accordion feature, totaling up to $50 million in potential financing. The four-year facility, provided by National Bank of Canada and The Bank of Nova Scotia, matures in September 2028 and is extendable. Horizon plans to use the funds for future asset acquisitions, Hod Maden project development, and general corporate purposes. The loan's interest rate is set at SOFR plus 2.50%–3.75%, with a standby fee of 0.56%–0.84% on undrawn amounts. The company must maintain a leverage ratio below 4.0x, excluding debt held by Sandstorm Gold