Welcome to our dedicated page for World Copper news (Ticker: WCUFF), a resource for investors and traders seeking the latest updates and insights on World Copper stock.
World Copper Ltd. (OTCQB: WCUFF) is a Canadian resource company in the copper sector, with disclosures emphasizing its role in copper exploration and development. Headquartered in Vancouver, British Columbia, the company’s news flow reflects project-level developments, corporate transactions, and governance updates that are relevant to investors following copper-focused issuers.
Company announcements describe World Copper’s involvement with copper porphyry projects, including the Zonia copper project in Arizona and the Escalones project in Chile. News releases have detailed the company’s efforts to monetize the Zonia project, including a binding letter agreement, its subsequent termination, and a later definitive arrangement agreement that led to the sale of the Zonia copper project to Edge Copper Corporation (formerly Plata Latina Minerals Corporation) through a court-approved plan of arrangement.
Visitors to this news page can review updates on shareholder approvals, court orders, and closing details related to the Zonia transaction, along with information on consideration received in cash and shares, changes to World Copper’s share structure, and the resulting ownership interest in Edge Copper. The news record also covers financing matters such as the use and termination of an at-the-market equity program and bridge financing associated with the Zonia transaction.
World Copper’s news also addresses corporate-level developments, including the initiation of a strategic review process with an external advisor and changes in leadership, such as the departure of a previous President and CEO and the appointment of a new Chief Executive Officer and President. For investors and followers of copper exploration companies, this page provides a centralized view of World Copper’s publicly released information on transactions, strategic reviews, and management changes.
World Copper has filed an amended mineral resource estimate for its Zonia copper-oxide deposit in Arizona. The updated estimate shows Indicated Resources of 112.2 million short tons grading 0.297% total-copper containing 668 million pounds of copper, and Inferred Resources of 62.9 million short tons grading 0.255% total-copper containing 320 million pounds of copper. The amendment was necessary due to a calculation error in the block model. Additionally, through its ATM offering, the company issued 8,816,500 common shares, raising gross proceeds of $690,882 during July-September 2024.
World Copper has filed a NI 43-101 technical report for an updated mineral resource estimate for the Zonia copper-oxide deposit in Arizona. The report shows Indicated Resources of 109.9 million short tons grading 0.299% total-copper containing 657 million pounds of copper, and Inferred Resources of 59.2 million short tons grading 0.254% total-copper containing 301 million pounds of copper. The estimate uses a base case cut-off grade of 0.18% and assumes a copper price of US$4.00/lb, with metallurgical recovery rates of 75% in oxides and 70% in transitional zones.
World Copper (TSXV: WCU) (OTCQB: WCUFF) announces an updated mineral resource estimate for the Zonia copper-oxide deposit in Arizona, USA. The update shows:
- Indicated Resources of 113.2 million short tons grading 0.303% total-copper, containing 686 million pounds of copper
- Inferred Resources of 59.2 million short tons grading 0.254% total-copper, containing 300 million pounds of copper
- A low strip ratio of 1.1 waste:mineralized material at the economic cutoff of 0.07% TCu
The company also provides updates on the Zonia Norte exploration potential and the status of the Escalones copper project in Chile, which has been written down to a nominal value due to regulatory uncertainties.
World Copper (TSXV: WCU) (OTCQB: WCUFF) has announced an upcoming corporate update webinar scheduled for September 5, 2024 at 1:15pm PST. The webinar will be hosted by Gordon Neal, President & CEO of the company. Shareholders and stakeholders are invited to attend and submit questions prior to the event.
The webinar will focus on the value proposition of the Zonia Project and outline the company's growth plans for the next twelve months. This event provides an opportunity for investors to gain insights into World Copper's current operations and future strategies directly from the company's leadership.
World Copper (TSXV: WCU) (OTCQB: WCUFF) has announced a grade-confirmation programme at its Zonia copper-oxide project in Arizona, USA. The project contains over 7.1 million tons of run-of-mine mineralized material on three leach pads from the 1970s, potentially holding up to 55 million pounds of copper. This material, not currently included in the project's Mineral Resource Estimate, could become an additional early revenue source.
The programme will involve up to 1,100 metres of reverse circulation drilling, followed by metallurgical testing. Historical estimates suggest remnant copper content ranging from 26.6 to 55 million lbs, with grades between 0.4% to 0.6% Cu. The company aims to confirm these grades and explore options for reprocessing, either through a small, portable SX-EW plant or by crystallizing copper sulfate.
World Copper (TSXV: WCU) (OTCQB: WCUFF) has provided a corporate update, highlighting CEO Gordon Neal's background and the company's focus on the Zonia copper project in Arizona. Key points include:
- Zonia has a 1-billion-pound copper resource
- Located on private land for easier permitting
- Expected production of 50-70 million pounds of copper cathodes annually for 10 years
- Potential to triple the resource size
- Lower environmental impact using SX-EW process
The company aims to advance Zonia into production within 3-4 years, addressing the growing global demand for copper, particularly for climate change mitigation efforts.
World Copper has identified a new opportunity at its Zonia copper-oxide project in Arizona. Following a review by the Technical Advisory Committee, there is potential to re-process mineralized material from historical heap leach pads and in-situ leach areas. Historical reports from McAlester Fuel Company and Mountain States Research & Development indicate the site hosts over 14 million tons of material with significant copper remains. The company plans a confirmatory drilling program and metallurgical testing to verify the quantity, grade, and recovery potential of the material. If successful, this could enhance the project's value and improve early revenue generation.
World Copper has announced a major corporate update, focusing on its Zonia Project in Arizona as its flagship asset. The company plans to advance Zonia to a bankable feasibility study and then into production, leveraging its strategic location and low environmental impact. A Technical Advisory Committee, including seasoned experts Derek White and Joe Philips, will guide the project. World Copper aims to produce copper within 3-5 years at a quarter of the conventional costs. The project's PEA suggests favorable economics, with a 9-year mine life and potential for resource expansion. The company has also extended a loan agreement and entered a strategic marketing agreement.
World Copper (WCUFF) announces the formation of a Technical Advisory Committee for the Zonia copper-oxide project in Arizona, USA. The committee members, Mr. Joe Phillips and Mr. Derek White, will provide guidance on engineering studies, project execution, and strategic planning. Their expertise will aid in successful permitting, construction, and ramp-up of the Project. This initiative underscores World Copper's commitment to enhancing its capabilities in project development and execution, marking a significant milestone in the company's journey towards value creation.
World Copper (TSXV: WCU) announces changes to its Board of Directors with the appointment of Gordon Neal, Keith Henderson, and Jonathan Lotz, effective April 24, 2024. The Company expresses gratitude to outgoing directors Patrick Burns and Roberto Fréraut. Gordon Neal brings extensive experience in metals and mining, Keith Henderson has a strong global background in mineral exploration, and Jonathan Lotz is a seasoned lawyer specializing in corporate securities and mining practices.