- U.S. Copper (USCU) has entered into an option agreement with Western Troy Capital Resources
- The company will dispose of its 100-per-cent interest in 14 mineral claims covering 227 hectares in Timmins, Ontario
- Western Troy will pay a total consideration of 2,500,000 shares for the claims by December 2022
- U.S. Copper controls approximately 13 square miles of federal mining claims in the Lights Creek Copper District in Plumas County, California
- U.S. Copper (USCU) is up by 7.14 per cent and is currently trading at $0.075 per share
U.S. Copper (USCU) has entered into an option agreement with Western Troy Capital Resources.
Pursuant to the agreement, the company will dispose of its 100-per-cent undivided interest in 14 mineral claims covering 227 hectares in Whiteside Township in the District of Cochrane in Timmins, Ontario.
Western Troy will issue the company 2,500,000 common shares for the claims as follows:
- 200,000 shares upon signing and TSXV approval
- 800,000 shares on or before February 1, 2022, following Western Troy’s completion of not less than three diamond drilling holes of an aggregate 450 feet, plus the completion of a technical report in accordance with NI 43-101 standards
- 1,500,000 shares on or before December 1, 2022
U.S. Copper controls approximately 13 square miles of federal mining claims in the Lights Creek Copper District in Plumas County, California.
U.S. Copper (USCU) is up by 7.14 per cent and is currently trading at $0.075 per share as of 1:41 pm EST.