Alpha Copper Corp - ALCUF stock
Introduction[edit]
Alpha Copper Corp (OTC: ALCUF, CSE: ALCU) is primarily involved in the exploration and mining of Copper. The company has two projects: Indata and Okevor (“OK”) located in British Columbia, Canada. Both of these locations are strategically located with 40+ years of exploration and documentation at Indata indicating the possibility of a sizeable copper deposit. [1]
According to Alpha Copper, the demand for copper will increase substantially in the coming future as countries shift towards more sustainable initiatives. Copper will play a key role in the energy efficiency of countries due to its superior electrical and thermal properties as per the company. Demand for electrical vehicles is also expected to increase hugely in the coming times as the world shifts towards a more eco-friendly approach. This bodes well for copper as EVs use copper at various points such as infrastructure, cabling, batteries, etc. EVs use more than twice the copper compared to vehicles powered by internal combustion engines. Alpha Copper is banking on the market potential of Copper as an element for its future growth.
Business Operations[edit]
Alpha Copper Corp is primarily focused on playing a key role in the exploration and mining of Copper for the coming years. Both of their projects located in Canada contain numerous drill-ready targets and geophysical anomalies. The projects undertaken by the company are as follows:- [2]
- Indata Project: The project is located in north-central British Columbia on the east side of Albert Lake. It comprises of 16 mineral claims totaling 3,189 hectares. Physically and geologically, the Indata property is close to some of Canada's most promising recent copper discoveries. The main focus of this project is Porphyry copper mineralization.
- Okeover Project: The project is located on the south coast of British Columbia 25 kilometers north of Powell River’s deepwater port facilities. The Okeover (“OK”) Property comprises 11 mineral claims totaling 4,613 hectares. Being strategically located on forest roads, the property provides low-cost access to drill crews and equipment.
Management Team[edit]
The leadership and management team at Alpha Copper Corp is highly experienced with expertise in their respective domains. The leadership team consists of Darryl Jones (President and CEO), Daryn Gordon (CFO), and Bill Morton (Technical Lead). [3]
Darryl Jones (CEO) is a highly experienced individual having 15+ years of capital market experience along with an established financial network. In his previous experience as an investment advisor with PI Financial Corp Canada and Raymond James Ltd Canada, Mr. Jones played a key role in the capital raising process for growth companies in all sectors, with a particular focus on natural resources.
Daryn Gordon (CFO) has held multiple roles as CFO in the past for publicly listed natural resources mining and exploration companies. In addition to being the CFO for Alpha Copper Corp, Mr. Gordon is also the CFO of Savannah Minerals Corp. and Canamera Energy Metals Corp. He is also a Member of the Institute of Chartered Accountants of Alberta. Bill Morton (Technical Lead) is a professional geologist since 1991 having prior experience as a director or technical advisor to more than a dozen public resource companies.
Acquisitions[edit]
Okeover Copper Project[edit]
Alpha Copper has confirmed a definitive deal with Northwest Copper Corp. to fully acquire the Okeover Copper (molybdenum) Project. This project spans twelve mineral claims, covering about 4,613 hectares, situated in British Columbia. As part of this agreement, Alpha Copper will issue shares valued at $500,000 to the Seller, priced based on the current market rate. Half of these issued shares will be locked in for 12 months, and the Seller has pledged not to trade or sell them until this period ends. The Company has also been given the first right to buy back these shares if the Seller opts to sell them later. Moreover, the Seller will receive a 2% net smelter return royalty from the Okeover Project. However, Alpha Copper retains the option to buy back half of this royalty for $1,000,000.[4]
CAVU Energy Metals[edit]
On December 19 2022, Alpha Copper Corp announced the successful completion of their previously announced acquisition of CAVU Energy Metals. Darryl Jones, President, CEO, and Director of Alpha stated: “We are excited to close this Transaction and thank CAVU shareholders for showing immense support in favour of the merger. We are excited to progress exploration work on the Star and Hopper assets in 2023 and will be updating shareholders on these deliverables in the new year.” As a part of the transaction, each CAVU shareholder shall receive 0.7 commons share of Alpha for each CAVU share held. Post the acquisition, Alpha and former CAVU shareholders would own approximately 69.5% and 30.5%, respectively, of the Alpha Shares outstanding, on a non-diluted basis.[5]
OTC Symbol: ALCUF | OTC Tier: Pink Current
- ↑ Alphacopper.com. Home. Retrieved on 26/12/2022
- ↑ Alphacopper.com. Investor Presentation. Retrieved on 26/12/2022
- ↑ Bloomberg.com. Alpha Copper Company Profile. Retrieved on 26/12/2022
- ↑ Globe Newswire. Alpha Copper Announces Definitive Agreement to Acquire Okeover Project. September 25, 2023.
- ↑ Globe Newswire.com. Alpha Copper Completes Acquisition of Cavu Energy Metals. December 19, 2022.
