Copper King Mining Corporation Announces Tentative Agreement for Sale of Copper Concentrates to RBS Sempra Metals and
MILFORD, UT, Jul 06 (MARKET WIRE) --
Copper King Mining Corporation (PINKSHEETS: CPRK) ("Copper King" or the
"Company") and its wholly-owned subsidiary, Western Utah Copper Company,
are pleased to announce that they have entered into a tentative agreement
with RBS Sempra Metals & Concentrates, LLC on behalf of The Royal Bank of
Scotland PLC, to sell 100% of the copper concentrates produced at the
WUCC Milford project. This agreement, when fully executed, will supersede
or replace any other prior sales agreements relating to copper ores or
concentrates.
About Copper King
Copper King controls over 59,000 acres of advanced-stage and
development-stage mineralized acreage in Western Beaver County, Utah. The
Company is ramping up production at a 5,000 ton per day capacity flotation
mill for processing high-grade ores from its Hidden Treasure
copper-gold-silver mine and other controlled properties under its control.
Copper King is led by an experienced management team focused on
exploration and production using traditional and new technologies.
This press release may contain forward-looking information within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934, and is subject to the safe harbor
created by those sections. There are many factors that could cause our
expectations and beliefs about our plans to commence production, our
plans to drill or our drilling results to fail to materialize: general
world economic conditions; availability of capital; unfavorable geologic
conditions; the complexity of exploration and production; prevailing
prices for commodities, and general regional economic conditions. Copper
King assumes no obligation to update the information contained in this
press release.
Contact:
Investor Relations:
Charles A. Moskowitz
617-633-2259
Email Contact
Company URL:
www.wuccompany.com
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