Arizona Sonoran Copper Company Inc. is pleased to announce that Hudbay Minerals Inc. has agreed to subscribe for 11,852,064 common shares of the Company in a non-brokered private placement at a price of C$1.68 per Common Share for total consideration of C$19,911,467. Closing is expected to occur on or about January 30, 2025, subject to certain customary closing conditions. Proceeds of the Private Placement are to be [...]
Arizona Sonoran Copper Company Inc. is pleased to announce that it has completed a buyback of 1% of the Bronco Creek Exploration net smelter royalty for a cash payment of US$500,000, reducing the NSR from 1.5% to a remaining 0.5% NSR. The NSR applies to the BCE parcel which comprises a portion of the Parks/Salyer deposit on the Cactus Project. In FIGURE 1, the BCE parcel is represented in yellow. This press release [...]
Arizona Sonoran Copper Company Inc. an emerging US-based copper developer, announces results from 12 leach columns completed from its column leach metallurgical testing program at the Cactus Project, Arizona. An average soluble copper extraction rate of 87% over 180 days of leaching was achieved from 6 oxide and enriched composite columns from the Parks/Salyer deposit, inclusive of MainSpring. The other 6 columns [...]
Arizona Sonoran Copper Company Inc. an emerging US-based copper developer, is pleased to announce an amendment to the Industrial Air Permit has been received from the Pinal County Air Quality Division. The amended Aquifer Protection permit has been applied for and is currently under review by the Arizona Department of Environment and Quality, ADEQ. The amended Industrial Air permit pertains to a February 2024 [...]
Arizona Sonoran Copper Company Inc. an emerging US-based copper developer and near-term producer, is pleased to announce that further to its news release dated October 9, 2024, it has closed a non-brokered private placement financing in respect of the exercise by Nuton LLC , a Rio Tinto Venture, of its pre-emptive rights under its Investor Rights Agreement . ASCU President and CEO, George Ogilvie commented, "The ongoing [...]
Arizona Sonoran Copper Company Inc. today announces that following a request for proposal, ASCU has appointed M3 Engineering, Tucson, to lead the Cactus Project Pre-Feasibility Study and to act as metallurgical program lead. The consultants will include AGP , Clear Creek , ALS Geotechnical , and Partners in Performance , all of whom have contributed to ASCU's prior studies. The Company anticipates the PFS to be completed [...]
Arizona Sonoran Copper Company Inc. is pleased to announce that the Company has closed its previously announced public offering of common shares of the Company . The underwriters exercised the full over-allotment option to purchase an additional 15% of the Common Shares in connection with the Offering. The Company issued, on a bought deal basis, 23,805,000 Common Shares, including 3,105,000 Common Shares pursuant to the [...]
Arizona Sonoran Copper Company Inc. 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 20,700,000 common shares in the capital of the Company at a price of C$1.45 per Common Share for gross proceeds to the Company of C$30,015,000 , as further described in the press releases of the Company dated September 24, 2024 and September 27 [...]
Arizona Sonoran Copper Company Inc. is pleased to announce that it has filed and been receipted for a preliminary short form prospectus in connection with its bought deal offering of 20,700,000 common shares in the capital of the Company at a price of C$1.45 per Common Share for gross proceeds to the Company of C$30,015,000 , as further described in the press release of the Company dated September 24, 2024. Pursuant to [...]
Arizona Sonoran Copper Company Inc. today announces the appointment of Mr. Nicholas Hayduk as VP Corporate Development, General Counsel and Corporate Secretary complementing the team with a wide-range of Corporate Development and General Counsel expertise for the metals and mining industry. Effective October 1, 2024, Mr. Hayduk will replace Ms. Rita Adiani who will be leaving the Company following a two-week transition [...]
Arizona Sonoran Copper Company Inc. is pleased to announce that the Company has entered into an amending agreement with Raymond James Ltd. and Paradigm Capital Inc., as co-lead underwriters and joint bookrunners, on behalf of a syndicate of underwriters to increase the size of its previously announced equity offering. The Underwriters have agreed to purchase, on a bought deal basis from the Company, a total of 20,700,000 [...]
Arizona Sonoran Copper Company Inc. is pleased to announce that it has entered into an agreement with Raymond James Ltd. and Paradigm Capital Inc., as co-lead underwriters and joint bookrunners, on behalf of a syndicate of underwriters , pursuant to which the Underwriters have agreed to purchase, on a "bought deal" basis, 17,241,400 common shares of the Company at a price of C$1.45 per Common Share for aggregate gross [...]
