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World Copper Ltd. (WCUFF) provides investors with critical updates through this dedicated news hub, featuring official announcements and operational developments. Track progress across key projects including Arizona's Zonia copper oxide resource and Chile's Escalones deposit, both leveraging advanced heap leach processing for efficient production.
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World Copper (OTCQB: WCUFF) appointed Mark Lotz as Chief Executive Officer and President, effective November 24, 2025.
Mr. Lotz is a licensed CPA in British Columbia and Ontario with 30 years of public practice experience focused on financial reporting, securities filings, mergers, corporate finance and tax consulting. He has senior management experience across mining, manufacturing, chemical, digital media, software and construction in multiple jurisdictions and has served as a director or officer of more than 30 reporting issuers. His background includes brokerage management and regulatory experience and prior work at Coopers & Lybrand (predecessor to PWC).
World Copper (OTCQB: WCUFF, TSXV: WCU) announced board and management changes on November 6, 2025. Gordon Neal has left his role as President & CEO and the company is conducting a search for an Interim CEO. Director Timothy McCutcheon has resigned from the board.
Chairman Hendrik van Alphen thanked both individuals and noted that the recent completion of the sale of the Zonia Project to Edge Copper was beneficial to shareholders and that Neal and McCutcheon played meaningful roles in that transaction.
World Copper (OTCQB: WCUFF) completed the sale of the Zonia Copper Project to Edge Copper by way of a court‑approved arrangement effective October 30, 2025. Consideration comprised $10.5 million cash plus 37,820,374 Edge Copper shares (post 3:1 consolidation), leaving World Copper and its shareholders with ~31.3% ownership of Edge Copper on a non‑diluted basis.
World Copper retained ~$500,000 cash and 5,000,000 Edge Copper shares. Cash proceeds (net of a 4% financial advisory fee) will be applied to outstanding indebtedness, accounts payable and liabilities. A $600,000 bridge loan from Edge Copper was set off at closing and accrued interest reduced to nil. World Copper shares will be exchanged one‑for‑one for New World Copper shares; trading was halted pending TSXV delisting on October 30, 2025 with New World Copper expected to trade on the TSXV on October 31, 2025.
World Copper (OTCQB: WCUFF) announced that the previously disclosed arrangement under which Plata Latina will acquire the Zonia Copper Project in Arizona is expected to close on October 30, 2025.
The acquisition is structured as a court-approved plan of arrangement; parties filed a Joint Management Information Circular dated September 12, 2025, available on SEDAR+ for further details.
World Copper (OTCQB: WCUFF) announced that the Supreme Court of British Columbia granted a final order approving the previously disclosed arrangement under which Plata Latina will acquire the Zonia Copper Project in Arizona.
The Arrangement was earlier approved by World Copper shareholders on October 16, 2025. Assuming remaining conditions in the July 22, 2025 arrangement agreement are satisfied or waived, including TSXV approval, the company expects the Transaction to close in the coming days and will notify shareholders of the specific closing date.
Further details are in the Joint Management Information Circular dated September 12, 2025 filed on SEDAR+.
World Copper (OTCQB: WCUFF) reported that shareholders approved the sale of the Zonia Copper Project to Plata Latina by special resolution at the October 16, 2025 meeting, with 99.28% of votes in favour (99.28% excluding TSXV policy exclusions; 98.73% excluding MI 61-101 votes).
Plata Latina shareholders also approved the transaction on October 16, 2025. Closing is expected in late October 2025, subject to court approval and TSX Venture Exchange approval. World Copper terminated its ATM program after issuing 12,412,000 shares and raising gross proceeds of $423,142 from July 1, 2025 to September 17, 2025; BMO fees were $12,694. No new insider or control person was created via the ATM.
World Copper (OTCQB: WCUFF) has provided updates on its arrangement agreement with Plata Latina Minerals for the sale of the Zonia copper project. Under the deal valued at approximately CAD $22 million, World Copper shareholders will receive about 0.3744 Plata Latina shares for each World Copper share while maintaining their current positions.
The transaction will result in World Copper and its shareholders owning a combined 31.3% of Plata Latina (to be renamed Edge Copper Corporation). Plata Latina has secured a CAD $17 million financing to fund the cash consideration and project development. Post-arrangement, World Copper expects to be debt-free with CAD $500,000 in cash and 5 million Plata Latina shares.
The company also announced the termination of its $25 million ATM Program, which had generated approximately $3.5 million in proceeds. The special shareholder meeting is scheduled for October 16, 2025, with transaction completion expected in October 2025.
World Copper Ltd. (OTCQB: WCUFF) announced the termination of a letter agreement dated February 12, 2025, which was originally intended for the sale of its Zonia copper project in Yavapai County, Arizona, to a European-based metals and mining investment manager. The company confirmed that no funds were advanced to the purchaser during the agreement period, and no break fee has been paid by World Copper to the purchaser at this time. The Zonia project, located in the Walnut Grove Mining District, will remain under World Copper's ownership following this terminated deal.
World Copper (WCUFF) has entered into a binding letter agreement to sell its Zonia copper project in Arizona for CAD $26.0 million in cash. The purchase price will be paid in three tranches: CAD $8.0 million at closing, CAD $8.0 million within 15 months, and CAD $10.0 million within 30 months.
The agreement includes a 90-day due diligence period, after which parties have 15 days to enter into a definitive agreement. The transaction will be structured as a share purchase of World Copper's Arizona subsidiary, Cardero Copper (USA). The shares will be held in escrow until full payment, with World Copper retaining security interest. If the purchaser defaults on payments, the shares and project will revert to World Copper.
The purchaser is a European metals and mining investment manager. The transaction requires due diligence completion, purchaser financing, definitive agreement, and regulatory approvals. A USD $75,000 break fee applies if World Copper terminates the agreement, and finder's fees up to 4% may be payable.
World Copper (TSXV: WCU) (OTCQB: WCUFF) has initiated a strategic review process and engaged Origin Merchant Partners as advisor. The review aims to evaluate strategic alternatives to grow and maximize shareholder value, following approaches from numerous interested corporate entities. CEO Gord Neal attributes the interest to adverse market sentiment causing undervaluation of junior resource companies with strong economic assets, creating opportunities for larger resource players. The company states no specific timeline or guaranteed outcome and will only provide updates on material developments.