- Kutcho Copper Corp. (KC) complets a buyback of the royalty held by Sumac Mines Ltd.
- Kutcho has terminated Sumac’s right of first refusal to purchase concentrates from the Kutcho copper-zinc project
- Both of which rights were granted under an acquisition agreement between Sumac and Western Keltic Mines Inc. in August 2003
- The company recently completed a feasibility study on the Kutcho project and is advancing permitting with the objective of getting to a positive construction decision
- Kutcho Copper Corp. (KC) is up 1.30 per cent trading at $0.78 per share as of 3:58 p.m. EST
Kutcho Copper Corp. (KC) completed the buyback of the royalty held by Sumac Mines Ltd.
Kutcho has terminated Sumac’s right of first refusal to purchase concentrates from the Kutcho copper-zinc project.
Both of these rights were granted under an acquisition agreement between Sumac and Western Keltic Mines Inc. in August 2003.
Vince Sorace, Kutcho President and CEO, commented,
“The termination of the Sumac ROFR gives the company full flexibility to engage freely in strategic discussions with respect to offtake and offtake financing arrangements.”
“This will provide a more competitive environment for concentrate offtake terms given that offtake for 100 per cent of the concentrate is now available for negotiation.”
Kutcho Copper Corp. is a Canadian resource development company focused on expanding and developing the Kutcho high-grade copper-zinc project in northern British Columbia.
The company recently completed a feasibility study on the Kutcho project and is advancing permitting with the objective of getting to a positive construction decision.
Kutcho Copper Corp. (KC) is up 1.30 per cent trading at $0.78 per share as of 3:58 p.m. EST.