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Published 2 years ago

Nevada Copper Provides Update on the Proposed Restart Financing Package and Successful Completion of Second Dike Crossing - Nevada Copper (OTC:NEVDF)

Summary by Ground News
Nevada Copper NCU NEVDF ZYTA refers to its news releases dated August 25, 2022 and September 26, 2022 with respect to the proposed financing package. The Restart Financing Package is expected to provide up to $93 million of liquidity to the Company in order to support the restart and ramp-up of its Pumpkin Hollow underground copper mine. The Company's largest shareholder, Pala Investments Limited has offered additional financial support in the form of a US$25 million backstop commitment.

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