Arizona Sonoran Copper an emerging US-based copper developer and near-term producer, is pleased to announce that further to its press release dated June 20, 2025, it has closed a C$5.8 million non-brokered private placement equity financing with Hudbay Minerals which exercised its pre-emptive rights under its Investor Rights Agreement. ASCU President and CEO, George Ogilvie commented, "We appreciate Hudbay's continued [...]
Arizona Sonoran Copper is pleased to announce that its subsidiaries have exercised their rights to buy-down 0.64% of certain net smelter returns royalties on the Cactus Project, ahead of the applicable July 10, 2025 exercise notice expiry dates. Total cash payments of US$8.91 million will be made to RG Royalties, a subsidiary of Royal Gold and Elemental Altus Royalties, to reduce the aggregate percentage of the NSRs from [...]
Arizona Sonoran Copper is pleased to announce that the Company has closed its previously announced public offering of common shares of the Company, pursuant to which the Company issued, on a bought deal basis, 25,875,000 Common Shares, including 3,375,000 Common Shares issued pursuant to the exercise in full of the over-allotment option granted to the Underwriters, at a price of $2.00 per Common Share, for aggregate gross [...]
Arizona Sonoran Copper Company announces the voting results from its annual and special meeting, held earlier today. A total of 90,396,024 common shares were voted at the meeting representing 60.81% of the issued and outstanding shares. Shareholders voted in favour of the business before the Meeting, being the appointment of Ernst & Young LLP as auditors of the Company, the approval of the shareholder rights plan, and the [...]
Arizona Sonoran Copper is pleased to announce that it has filed and been receipted for a final short form prospectus in connection with its bought deal offering of 22,500,000 common shares in the capital of the Company at a price of C$2.00 per Common Share for gross proceeds to the Company of C$45,000,000, as further described in the press release of the Company dated June 2, 2025. Pursuant to the Offering, the Company [...]
Arizona Sonoran Copper is pleased to announce that it has entered into an agreement with Scotiabank, as sole bookrunner, on behalf of a syndicate of underwriters, pursuant to which the Underwriters have agreed to purchase, on a "bought deal" basis, 22,500,000 common shares of the Company at a price of C$2.00 per Common Share for aggregate gross proceeds to the Company of C$45 million. The Company has agreed to grant the [...]
Arizona Sonoran Copper is pleased to announce that in preparation for project financing, it has appointed H&P Advisory Limited as its debt financial advisor for the Cactus Project, a copper cathode development project. H&P will work closely with the management team to provide complete and proactive support in all aspects of the project financing process for the Project, acting as the primary interface with lenders. The [...]
Arizona Sonoran Copper Company Inc. , an emerging U.S. copper developer in Arizona, today provides an update on key workstreams associated with advancing the 2024 Preliminary Economic Assessment to Pre-feasibility Study . The 2024 PEA envisages a low capital intensity open pit operation producing over 116,000 short tons or 232 million pounds of copper cathodes annually for the first 20 years of the mine life, via heap [...]
Arizona Sonoran Copper Company Inc. is pleased to announce that initial Parks/Salyer infill drilling results are confirming the continuity of mineralization at tighter drill spacings, and additionally, have extended the high grade core at the Parks/Salyer copper deposit, onto the MainSpring property at the Cactus Project, in Arizona . Results from the program are in line with expectations, with a few positive outliers [...]
Arizona Sonoran Copper Company Inc. , an emerging U.S. copper developer, is pleased to report that RG Royalties LLC, a subsidiary of Royal Gold Inc. has purchased an existing 2.5% net smelter royalty on a portion of the Cactus Project for cash consideration of US$55 million from Tembo Capital. ASCU has the right to buy back 0.5% of Royal Gold's aggregate 2.5% NSR for US$7 million, by July 10, 2025. George Ogilvie, ASCU [...]
Arizona Sonoran Copper Company Inc. , an emerging U.S. copper developer, is pleased to highlight the significant progress made at the Cactus Project in 2024, and outline its fully-funded strategic goals for 2025. ASCU is committed to advancing its brownfield Cactus Project through technical studies, building upon the positive updated 2024 Preliminary Economic Assessment issued this past August. The 2024 PEA highlighted a [...]
Arizona Sonoran Copper Company Inc. announces that it has adopted a shareholder rights plan effective as of January 31, 2025, pursuant to a shareholder rights plan agreement entered into with TSX Trust Company, as rights agent. The Rights Plan is designed to ensure that all ASCU shareholders are treated fairly in connection with any take-over bid and to protect against "creeping bids", which involve the accumulation of [...]
