World Copper Announces Board and Management Changes
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, TSXV: WCU) ha annunciato cambiamenti nel consiglio di amministrazione e nella direzione il 6 novembre 2025. Gordon Neal ha lasciato il suo incarico di Presidente e CEO e la società sta conducendo una ricerca per un CEO ad interim. Il direttore Timothy McCutcheon si è dimesso dal consiglio.
Il presidente Hendrik van Alphen ha ringraziato entrambe le persone e ha osservato che la recente conclusione della vendita del progetto Zonia a Edge Copper è stata vantaggiosa per gli azionisti e che Neal e McCutcheon hanno svolto ruoli significativi in quella transazione.
World Copper (OTCQB: WCUFF, TSXV: WCU) anunció cambios en la junta y en la dirección el 6 de noviembre de 2025. Gordon Neal ha dejado su cargo de President & CEO y la empresa está llevando a cabo la búsqueda de un CEO interino. El director Timothy McCutcheon ha presentado su dimisión de la junta.
El presidente Hendrik van Alphen agradeció a ambas personas y señaló que la reciente finalización de la venta del Proyecto Zonia a Edge Copper fue beneficiosa para los accionistas y que Neal y McCutcheon desempeñaron roles significativos en esa transacción.
World Copper (OTCQB: WCUFF, TSXV: WCU)는 2025년 11월 6일에 이사회 및 경영진 변경을 발표했습니다. Gordon Neal은 사장 겸 CEO 직에서 물러났으며 회사는 임시 CEO를 찾고 있습니다. 이사 Timothy McCutcheon은 이사회에서 사임했습니다.
회장 Hendrik van Alphen은 두 사람 모두에게 감사를 표했고 Zonia Project를 Edge Copper에 매각한 최근 거래 완료가 주주들에게 이익이 되었으며 Neal과 McCutcheon이 그 거래에서 중요한 역할을 했다고 밝혔습니다.
World Copper (OTCQB: WCUFF, TSXV: WCU) a annoncé des changements au sein du conseil d'administration et de la direction le 6 novembre 2025. Gordon Neal a quitté son poste de président-directeur général et l'entreprise effectue une recherche pour un PDG par intérim. Le directeur Timothy McCutcheon a démissionné du conseil.
Le président Hendrik van Alphen a félicité les deux personnes et a noté que l'achèvement récent de la vente du projet Zonia à Edge Copper était bénéfique pour les actionnaires et que Neal et McCutcheon ont joué des rôles importants dans cette transaction.
World Copper (OTCQB: WCUFF, TSXV: WCU) gab am 6. November 2025 Änderungen im Vorstand und im Management bekannt. Gordon Neal hat seine Rolle als Präsident & CEO verlassen und das Unternehmen führt eine Suche nach einem Interim-CEO durch. Der Direktor Timothy McCutcheon hat seinen Austritt aus dem Vorstand erklärt.
Vorsitzender Hendrik van Alphen bedankte sich bei beiden Personen und merkte an, dass der kürzlich abgeschlossene Verkauf des Zonia-Projekts an Edge Copper für die Aktionäre vorteilhaft war und dass Neal und McCutcheon eine bedeutsame Rolle in dieser Transaktion gespielt haben.
World Copper (OTCQB: WCUFF, TSXV: WCU) أعلنت تغييرات في مجلس الإدارة والإدارة في 6 نوفمبر 2025. غوردون نيال أنهى دوره كرئيس تنفيذي وكبير التنفيذيين والشركة تجري بحثاً عن مدير تنفيذي مؤقت. عضور المجلس تيموثي مكوتشيان استقال من المجلس.
رئيس مجلس الإدارة هندريك فان ألبين شكر كل منهما وأشار إلى أن الانتهاء الأخير لبيع مشروع زونيا إلى Edge Copper كان مفيداً للمساهمين وأن نيال ومكوتشيان لعبا أدواراً مهمة في تلك الصفقة.
- Completion of Zonia Project sale to Edge Copper
- Chairman states the sale is extremely beneficial to shareholders
- President & CEO Gordon Neal has left; leadership gap until Interim CEO appointed
- Director Timothy McCutcheon resigned from the board
Vancouver, British Columbia--(Newsfile Corp. - November 6, 2025) - World Copper Ltd. (TSXV: WCU) (OTCQB: WCUFF) (FSE: 7LY0) ("World Copper" or the "Company"); announces that Gordon Neal has left the Company as President & CEO and search for an Interim CEO is ongoing. The Company also announces the resignation of Timothy McCutcheon from the board of directors.
Hendrik van Alphen, Chairman & Director says, "We would like to thank both Gord and Tim for their valuable contributions to the Company and their board of directors. The recent completion of the sale of the Zonia Project to Edge Copper is extremely beneficial to our shareholders and both Gord and Tim played meaningful roles in its success."
About World Copper Ltd.
World Copper Ltd., headquartered in Vancouver, BC, is a Canadian resource company.
Detailed information is available at World Copper's website at www.worldcopperltd.com, and for general Company updates you may follow us on our social media pages via Facebook, X & LinkedIn.
For further information, please contact:
Hendrik van Alphen
Chairman & Director
Telephone: 604-638-3287
Email: info@worldcopperltd.com
Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively, "forward looking statements") within the meaning of applicable Canadian and U.S. securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the distribution of the Share Consideration to World Copper shareholders, the payment of the Cash Consideration to World Copper creditors, the delisting of the World Copper Shares, the listing and posting for trading of the New World Copper Shares, the Company meeting continued listing requirements of the TSXV and the anticipated business plans and timing of future activities of the Company are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believes", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this news release, World Copper has applied several material assumptions, including without limitation, that market fundamentals will result in sustained mineral resources demand and prices, that the Company will be able to source new mineral projects, the receipt of any necessary permits, licences and regulatory approvals in connection with the future development of the Company's business in a timely manner, the availability of financing on suitable terms for the continued operation of World Copper's business and its ability to comply with environmental, health and safety laws.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks and other factors include, among others, the Company's inability to source new assets or meet continued listing requirements of the TSXV, the Company may be exposed to risks to which Edge Copper is exposed, the Company is subject to public issuer compliance and listing obligations, requirements for additional capital, the estimation or realization of mineral reserves and mineral resources, future prices of copper, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, lack of investor interest in future financings, accidents, labour disputes and other risks of the mining industry, delays in obtaining governmental approvals (including of the TSXV), permits or financing or in the completion of other planned activities, risks relating to epidemics or pandemics, including impacts on the Company's business, financial condition and results of operations, changes in laws, regulations and policies affecting mining operations, title disputes, the timing and possible outcome of any pending litigation, environmental issues and liabilities, as well as the risk factors described in the Joint Circular and in other filings made by the Company with Canadian securities regulatory authorities under the Company's profile at www.sedarplus.ca.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not undertake any obligation to update any of the forward-looking statements in this news release or incorporated by reference herein, except as otherwise required by law
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273414
FAQ
What management changes did World Copper (WCUFF) announce on November 6, 2025?
How did World Copper describe the sale of the Zonia Project in the November 6, 2025 notice?
Will World Copper (WCUFF) appoint an Interim CEO after Gordon Neal's departure?
Did World Copper (WCUFF) report any financial details about the Zonia Project sale on November 6, 2025?
Who commented on the departures and the Zonia Project sale at World Copper (WCUFF)?
