World Copper Clarifies News Release

World Copper Clarifies News Release

World Copper Ltd. (TSXV: WCU) (OTCQB: WCUFF) ("World Copper" or the "Company"), at the request of IIROC, clarifies and provides additional information related to its February 2, 2022 news release.

The Company retracts its stated endorsement of the future price targets and buy recommendation reports of Zack's Small-Cap Research ("Zack's") and Fundamental Research Corp. ("FRC"), which statement was made in error.

The Company reports that each of Zack's and FRC have been retained for a one year term to provide independent analyst coverage, for the amount of USD $30,000 and CAD $40,000, respectively. The Company has no input in setting the price target recommended by the analysts.

ABOUT World Copper Ltd.

World Copper Ltd., headquartered in Vancouver, BC, is a Canadian resource company focused on the exploration and development of its copper porphyry projects: Escalones and Cristal in Chile, and Zonia in Arizona. Two of these projects have estimated resources with significant soluble copper mineralization, and there are at least two other copper porphyry targets with exciting potential to expand the resource base. The Zonia project was acquired as part of the previously announced merger transaction with Cardero Resource Corp. Please refer to news releases dated April 20, 2021; June 9, 2021; September 20, 2021; November 9, 2021, December 13, 2021 and January 28, 2022 for more details.

On Behalf of the Board of Directors of

World Copper Ltd.

"Nolan Peterson"

Nolan Peterson
Chief Executive Officer

For further information, or to schedule a Zoom meeting with Management, please contact:

Nolan Peterson or Michael Pound
Phone: 604-638-3665
E-mail: info@worldcopperltd.com

For all Investor Relations inquiries, please contact:

John Liviakis
Liviakis Financial Communications Inc.
Phone: 415-389-4670

For all Public Relations inquiries, please contact:

Nancy Thompson
Vorticom, Inc.
Office: 212-532-2208 | Mobile: 917-371-4053

Follow Us:

Twitter: https://twitter.com/WorldCopperLtd
Facebook: https://www.facebook.com/WorldCopperLtd
LinkedIn: https://www.linkedin.com/company/worldcopperltd

Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) 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 are forward-looking statements. Although World Copper 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. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of World Copper 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, statements as to the anticipated business plans and timing of future activities of World Copper, the ability of World Copper to obtain sufficient financing to fund its business activities and plans, delays in obtaining governmental and regulatory approvals (including of the TSX Venture Exchange), permits or financing, changes in laws, regulations and policies affecting mining operations, currency fluctuations, title disputes or claims, environmental issues and liabilities, risks relating to epidemics or pandemics such as COVID-19, including the impact of COVID-19 on World Copper's business, financial condition and results of operations, changes in laws, regulations and policies affecting mining operations, title disputes, the inability of World Copper to obtain any necessary permits, consents, approvals or authorizations, the timing and possible outcome of any pending litigation, environmental issues and liabilities, and risks related to joint venture operations, and other risks and uncertainties disclosed in World Copper's continuous disclosure documents. All of World Copper's Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials.

Readers are cautioned not to place undue reliance on forward-looking statements. World Copper 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/112528

News Provided by Newsfile via QuoteMedia

WCU:CA
World Copper

World Copper Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
World Copper

World Copper


Keep reading...Show less
World Copper Provides Project Updates and Announces an Updated Resource Estimate for the Zonia Project

World Copper Provides Project Updates and Announces an Updated Resource Estimate for the Zonia Project

World Copper Ltd. (TSXV: WCU) (OTCQB: WCUFF) (FSE: 7LY0) ("World Copper" or the "Company") announces, project updates.

Zonia

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
World Copper Announces Corporate Update Webinar

World Copper Announces Corporate Update Webinar

World Copper Ltd. (TSXV: WCU) (OTCQB: WCUFF) (FSE:7LY0) ("World Copper" or the "Company") announces an upcoming corporate update webinar, scheduled for September 5, 2024 at 1:15pm PST.

Webinar Details

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
World Copper Announces Grade-Confirmation Programme at the Zonia Copper Project, Arizona

World Copper Announces Grade-Confirmation Programme at the Zonia Copper Project, Arizona

World Copper Ltd. (TSXV: WCU) (OTCQB: WCUFF) (FSE: 7LY0) ("World Copper" or the "Company"; announces a grade-confirmation programme at its Zonia copper-oxide project in Arizona, USA ("Zonia" or the "Zonia Project").

As a past producer, Zonia hosts over 7.1 million tons (containing up to 55 million pounds of copper) of run-of-mine mineralized material placed on three leach pads in the 1970's. This material is not currently considered in the project's Mineral Resource Estimate. This partially processed material is located on private patented land and is easily accessible (see the release from July 2nd, 2024, for further details). It presents a significant opportunity to add value to the project and could potentially become an additional early revenue source, having a positive effect on Zonia's future economics and NPV (net present value).

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
World Copper Ltd. and CEO Provide Corporate Update

World Copper Ltd. and CEO Provide Corporate Update

World Copper Ltd. (TSXV: WCU) (OTCQB: WCUFF) (FSE:7LY0) ("World Copper" or the "Company") is pleased to provide the following update on corporate activities, as well as additional insights into the Company's operations over the past six months from Gordon Neal, President, Director and CEO of World Copper.

World Copper appointed Gord Neal as its CEO a little over six months ago, and it would like to properly introduce him and his work history to the Company's shareholders. Gord Neal originally began in the resource sector in 2003 as the Vice President of Corporate Development for MAG Silver (NYSE: MAG) (TSX: MAG). He left MAG after ten years to join Silvercorp Metals (NYSE: SVM) (TSX: SVM) as Vice President of Corporate Development. Gord made the decision to join Silvercorp to expand his knowledge of silver mining production, and in 2017, he was appointed as President of New Pacific Metals (NYSE: NEWP) (TSX: NUAG). Gord worked in Bolivia with New Pacific Metals for seven years and brought its Silver Sand project from discovery to a Preliminary Economic Assessment. Gord has taken pride in his work and his association with the many companies he has had the opportunity to serve, and he has been instrumental in creating significant corporate and shareholder value. All three of the abovementioned companies reached billion-dollar market cap valuations under his watch, and his plan is to produce similar results for World Copper.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
World Copper Establishes At-The-Market Equity Program

World Copper Establishes At-The-Market Equity Program

Amends Loan Extension Agreement

World Copper Ltd. (TSXV: WCU) (OTCQB: WCUFF) (FSE: 7LY0) ("World Copper" or the "Company") announces that the Company has established an at-the-market equity program (the "ATM Program") that allows World Copper to issue and sell common shares from treasury ("Common Shares") having an aggregate gross sales amount of up to $25 million to the public, over an approximately two (2) year period (subject to earlier termination as described below), from time to time through BMO Capital Markets (the "Agent"), as sole agent. Sales of the Common Shares under the ATM program will be made pursuant to the terms and conditions of an equity distribution agreement (the "Distribution Agreement") dated July 17, 2024, entered into between the Company and the Agent.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
True North Copper

TNC Delivers First Oxide Ore at Wallace North, Cloncurry Copper Project

True North Copper Limited (ASX:TNC) (True North, TNC or the Company) is pleased to announce it is progressing mining activities at the Wallace North deposit, part of its Cloncurry Copper Project (CCP) in Queensland1, on schedule.

Keep reading...Show less
Copper chunk on top of copper periodic symbol.

Artemis and Anax Enter MOU to Explore Pilbara Copper and Gold Opportunities

Artemis Resources (ASX:ARV,OTC Pink:ARTFF) and Anax Metals (ASX:ANX) have entered a 12 month memorandum of understanding (MOU) to explore copper and gold opportunities in Western Australia.

In a Tuesday (September 10) press release, the companies said under the non-binding and non-exclusive MOU, they will assess the potential to process copper from Artemis’ Greater Carlow resource at the Whim Creek processing hub.

Additionally, they will to look into the potential for Artemis to explore gold mineralisation on tenements held by Anax.

Keep reading...Show less
Three copper bars.

ASX Copper Stocks: 5 Biggest Companies in 2024

Copper saw sinking prices toward the end of 2023, but things began to shift in early 2024 as treatment charges at Chinese refiners dropped to single digit lows, causing some to cut production.

This led to increased momentum in the price of copper as refined product supply became increasingly tight for consumers of the base metal. In April, the price broke US$10,000 per tonne and set new all time highs on both the London Metals Exchange and the Chicago Mercantile Exchange.

Copper has since retreated and has been trading in the US$8,800 to US$9,200 range mark in August and September. Despite recent pullbacks, prices are likely to see gains as markets supply deficits are expected over the next several years as demand from energy transition sectors continue to grow.

Keep reading...Show less
Anax Metals (ASX:ANX)

Anax Metals Limited


Keep reading...Show less
Osisko Metals (TSXV:OM)

Osisko Metals


Keep reading...Show less
Line of dump trucks moving ore at open-pit mine.

Stripping Ratios: What Are They and Why Are They Important? (Updated 2024)

A strip ratio, or stripping ratio, is an important measurement related to the open-pit mining process.

Put simply, the stripping ratio is the amount of waste material, also known as overburden, that must be moved in order to extract a given amount of ore.

That said, stripping ratios are not only about the volume of unwanted material present at a site; they also take into account the types of material that must be removed to reach the ore. After all, moving lightweight material like sand or dirt is simpler than moving hard rock.

Keep reading...Show less
World Copper

World Copper Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×