March 19, 2020 / 3:11 AM / 11 days ago

BRIEF-Nevada Copper Announces Planned Substantial Balance Sheet Strengthening

March 18 (Reuters) - Nevada Copper Corp:

* NEVADA COPPER ANNOUNCES PLANNED SUBSTANTIAL BALANCE SHEET STRENGTHENING, PROVIDES UPDATE ON PROGRESS OF PUMPKIN HOLLOW UNDERGROUND MINE PRODUCTION RAMP-UP

* WORKING WITH ITS FINANCING PARTNERS IN AN EFFORT TO REACH BINDING AGREEMENTS WITHIN NEXT TWO WEEKS

* CONCENTRATE PRODUCTION AND SALES VOLUMES ARE EXPECTED TO CONTINUE TO RAMP-UP DURING H1 2020.

* NOT POSSIBLE FOR CO TO PREDICT THE IMPACT ON ITS OPERATIONS AT THIS TIME

* WORK IS CONTINUING ON SITE AS NORMAL, SUBJECT TO ENHANCED PRECAUTIONS

* NEVADA COPPER - POSSIBLE THAT REDUCED WORKING RATES OR TEMPORARY STOPPAGES COULD OCCUR IN THE FUTURE DEPENDING ON HOW EVENTS UNFOLD

* NEVADA - COMPANY WILL REDUCE ITS EXPLORATION ACTIVITIES AND PRIORITIZE ADVANCING ITS HIGH-PRIORITY TARGETS IN ACCORDANCE WITH CASH AVAILABILITY

* NEVADA COPPER - BALANCE SHEET STRENGTHENING PACKAGE COMPRISES COMBINATION OF MEASURES EXPECTED TO SIGNIFICANTLY IMPROVE THE LIQUIDITY PROFILE OF CO

* PROPOSED BALANCE SHEET STRENGTHENING PACKAGE CONSISTS OF $35 MILLION ROYALTY AND STREAM FINANCING WITH TRIPLE FLAG

* PROPOSED BALANCE SHEET STRENGTHENING PACKAGE ALSO CONSISTS OF $30 MILLION CREDIT FACILITY REFINANCING Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below