Nevada Copper

Nevada Copper: losing 5 years and back to square one

Nevada Copper: losing 5 years and back to square one

  Nevada Copper (NCU.TO) has now finally made the construction decision on the Pumpkin Hollow underground copper mine, after having lost 4 years and missing out on a copper price spike by spending too much time on an integrated feasibility study to combine the underground mine with an open pit. […]

Big changes at Nevada Copper

Big changes at Nevada Copper

After Nevada Copper (NCU.TO) closed a refinancing deal, resulting in a sharply increased share count but improved capital situation, the company is now restarting the construction phase of the underground component of the Pumpkin Hollow copper mine. As you might remember, the underground mine was expected to process approximately 5,000 […]

Pala Investments puts more money in Nevada Copper

Pala Investments puts more money in Nevada Copper

Nevada Copper (NCU.TO) has confirmed its cornerstone shareholder, Pala Investments, will inject an additional US$5M into Nevada Copper. The cash infusion will be structured as a convertible debenture, with an annual interest rate of 12% and a conversion price of C$0.90 per share (which would result in NCU issuing approximately […]

Nevada Copper buys more time with the fresh Pala and Red Kite cash

Nevada Copper buys more time with the fresh Pala and Red Kite cash

Nevada Copper (NCU.TO) announced it has raised an additional C$10.5M in cash after receiving C$6.6M from Pala and C$3.9M from Red Kite Mine Finance as both entities have provided Nevada Copper with additional funds as part of respectively the subordinated debenture and the senior secured loan facility. This cash inflow […]

Nevada Copper has started a strategic review process

Nevada Copper has started a strategic review process

Nevada Copper (NCU.TO) has now formally started a strategic review process to evaluate all possible alternatives and might lead up to a sale of the entire company or an equity stake in the project. Even though it’s now officially called a ‘strategic review process’, this isn’t exactly something new as […]

Nevada Copper is reassuring the market

Nevada Copper is reassuring the market

Nevada Copper (NCU.TO) has announced a comprehensive corporate update last week and was able to amend both existing loans. Pala has agreed to extend the maturity date of its $25M bridge loan by nine months meaning Nevada Copper will only have to repay the $20M it has currently drawn down […]