Welcome to our dedicated page for Us Copper news (Ticker: USCUF), a resource for investors and traders seeking the latest updates and insights on Us Copper stock.
US Copper Corp (USCUF) is a mineral exploration company focused on advancing its Moonlight-Superior copper project in California through systematic resource evaluation and technical assessments. This page aggregates all official corporate announcements, financial disclosures, and operational updates to serve as a primary resource for stakeholders.
Investors and industry observers will find timely updates including earnings reports, drilling results, and strategic partnerships. All content is sourced directly from company filings and press releases, ensuring accuracy for critical decision-making.
Key updates cover resource estimation progress, NI 43-101 technical reports, and developments in copper extraction methodologies. Regular visitors gain insights into operational milestones and corporate governance matters relevant to the mining sector.
Bookmark this page for streamlined access to USCUF's evolving story in domestic copper production. Check back frequently for new announcements impacting the company's role in critical mineral supply chains.
US Copper Corp (TSXV: USCU) (OTCQB: USCUF) has engaged Global Resource Engineering to conduct an updated Preliminary Economic Assessment (PEA) on its entire Moonlight-Superior Copper Project in Northeast California. The project includes four copper deposits, with three hosting NI 43-101 resources. The new PEA aims to incorporate higher-grade ore from Superior and Engels deposits into the Moonlight mine plan, potentially enhancing project economics.
Recent drill programs at Superior (2021) and Engels and Moonlight (2023) were designed to upgrade resources and define higher-grade ore for potential starter pits. The updated PEA will also include a newly defined oxide resource at both Moonlight and Engels deposits, which could be economically extracted through low-impact surface mining and processed at lower costs than sulfide ores. Results of the PEA are expected by the end of 2024.
US Copper Corp. has started discussions with potential strategic partners to advance its Moonlight-Superior Copper Project in California.
This project, one of the most advanced and largest undeveloped copper projects in the USA, is expected to restart operations, providing a domestic supply of copper amid rising prices.
The US location makes the project a preferred supplier for the domestic industry, potentially qualifying for US Government funding.
The recent surge in copper prices to over $10,000/t (US$4.53/lb) has driven significant interest from strategic partners.
This project's progress aligns with the US Government's push for new domestic sources of critical metals, such as copper, to support the low carbon economy transition.
The project is positioned approximately 125 miles from Tesla's Gigafactory in Nevada.
US Copper aims to advance the project through the Definitive Feasibility Study and development stages, supporting the US green energy transition.
US Copper Corp announced results from its 15-hole shallow drill program at the Moonlight deposit in North-East California. Significant findings include acid-soluble copper identified in 14 of the 15 holes, with one intercept showing 205 feet of 0.644% recoverable copper. Results revealed a small oxide cap covering the larger Moonlight sulfide deposit, with soluble copper averaging 91% of total copper. The area spans 2,000 ft by 1,500 ft to an average depth over 150 ft. An independent engineering review will assess further metallurgical testing, resource calculation, and economic viability. The current indicated resource for the sulfide deposit stands at 252 million tons averaging 0.25% copper, with inferred resources of 109 million tons averaging 0.24% copper.
US Copper Corp. has announced the extension of the expiry date of 26,400,000 share purchase warrants, allowing holders to purchase common shares at $0.10 per share. The extension is subject to TSX Venture Exchange approval, with all other terms remaining unchanged.
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