Nevada Copper Corp - NEVDF stock

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Company Profile[edit]

Founded in 1999, Nevada Copper Corp. (OTC: NEVDF, TSX: NCU) is a copper industry company based in Vancouver, British Columbia. The company primarily engages in identifying, acquiring, exploring, and developing copper and other mineral properties in Nevada.[1] The firm’s two fully-permitted projects include the high-grade underground mine and processing facility, which is in the production stage, and a large-scale Open Pit project, advancing towards feasibility status.[2]

Nevada Copper holds 100% interest in the Pumpkin Hollow property in Western Nevada, the United States. The Pumpkin Hollow project holds reserves and resources such as gold, silver, and copper. The site consists of roughly 10,680 acres of private land, located in a former-producing and prolifically endowed copper district. It has Open Pit development approximately four kilometers west of the underground mine.[3]

Tracey Thom joined the Company as Vice President, Investor Relations and Community Relations in April 2022 from Hycroft Mining Holding Corporation, where she held the same role. The company added that Tracey brings 25 years of senior management and investor relations expertise in the mining industry.

The company held a special shareholders meeting on January 25, 2022. The only item of discussion in the session was the Warrant Exercise Resolution, where 99% of the disinterested shareholders unanimously voted in favor of the subject. The disinterested shareholders approved an ordinary resolution authorizing (i) the exercise of 15,000,000 common share purchase warrants that were issued to Pala on November 30, 2021; and (ii) if some or all of the Credit Facility Warrants are exercised, the resulting issuance by the company of common shares to Pala under the terms of the Credit Facility Warrants.[4]

Business Plans and Accomplishments[edit]

Nevada Copper plans to step up operations to stabilize the state at the underground mine by H2. It has put key infrastructure in place to increase the yearly run-rate copper production to 40,000t from the current 30,000t. Its drill program will resume in Q2 to further define Open Pit, convert inferred resources, and follow up on most prospective targets: Tedeboy Porphyry and Black Mountain. The company also aims to complete Open Pit Decarbonization Study to incorporate fleet electrification and solar power into the DFS. It also focuses on producing affordable and clean energy.[5]

On May 16, 2022, the company announced its first-quarter of 2022 financial and operating results, recent milestone achievements, and updates on key development initiatives for its Pumpkin Hollow underground mine and the Open Pit project. The report highlights included:[6]

  • Underground production continues elevating with hoisting rates of a combination of stope ore and development material expected to rise to approximately 3,000 tons per day (“tpd”) in Q2 2022 and then increase to 4,000 to 4,500 tpd during Q3 2022.
  • Paste plant commissioning activities are ongoing, with initial throughput capacity expected to be realized by June 2022.
  • The 2022/23 drill program began with one drill arriving on-site in late April and a second drill planned to arrive in the second quarter.


On April 4, 2022, Nevada Copper reported positive operational milestones at its Pumpkin Hollow Project. In March, the company realized a record copper production estimated at 1,300dmt over 30days. Peak 7-day continuous hoisting rates soared to 2,600 tpd in March, achieving hoisting of 3ktpd earlier than anticipated. The results were significant, with plans to achieve 4.5k to 5ktpd during Q3 2022.[7]

OTC Symbol: NEVDF | OTC Tier: Pink Current


The page is authored by: Caesar