Ankündigung • Aug 13
Cascadia Minerals Ltd. (TSXV:CAM) completed the acquisition of Granite Creek Copper Ltd. (TSXV:GCX) for CAD 8.5 million. Cascadia Minerals Ltd. (TSXV:CAM) entered into a definitive arrangement agreement to acquire Granite Creek Copper Ltd. (TSXV:GCX) for CAD 7.96 million on June 8, 2025. The consideration consists of common equity of Cascadia Minerals Ltd. at a ratio of 0.25 per common equity of Granite Creek Copper Ltd. The completion of the Transaction is subject to a number of terms and conditions, including, without limitation, the following: (i) acceptance by the TSX-V; (ii) approval of the British Columbia Supreme Court; (iii) there being no material adverse changes in respect of Granite Creek or Cascadia and (iv) target shareholder approval. The transaction is approved unanimously by the board of both the target and buyer. Under certain circumstances, Cascadia or Granite Creek may be entitled to a reciprocal termination fee of CAD 500,000. Upon closing of the Transaction, Timothy Johnston, Granite Creek's current President and CEO, is expected to join the board of directors of Cascadia. The transaction is expected to completed on on or about July 2025. The transaction is expected to close in early August 2025.
Cascadia has engaged Stikeman Elliott LLP as its legal adviser in connection with the Transaction. Sangra Moller LLP is acting as legal adviser to Granite Creek and Evans & Evans Inc. provided a fairness opinion to the Granite Creek board of directors.
Cascadia Minerals Ltd. (TSXV:CAM) completed the acquisition of Granite Creek Copper Ltd. (TSXV:GCX) on August 13, 2025. Ankündigung • Jun 18
Buscando Resources Corp (CNSX:BRCO) completed the acquisition of Element One Hydrogen Corp. from Granite Creek Copper Ltd. (TSXV:GCX). Buscando Resources Corp (CNSX:BRCO) entered into a sale and purchase agreement to acquire Element One Hydrogen Corp. from Granite Creek Copper Ltd. (TSXV:GCX) for CAD 0.15 million on April 27, 2025. The sale includes the Union Bay and Star Projects as well as the Element One Hydrogen brand. Granite Creek Copper will retain the rights to any re-imbursement for work completed on the Star project for 2024 and 2025 through the NRCan funded research project being completed in partnership with Kemetco Research. Granite Creek Copper will also retain the rights to any payments due to the company in connection with the first year of the option agreement the Granite Creek Copper entered into with 1508260 B.C. Ltd. Buscando further announces that it intends to complete a non-brokered private placement of up to 5 million units at a price of CAD 0.20 per Unit, for aggregate gross proceeds of up to CAD 1 million. Buscando intends to use the proceeds raised from the Offering for the payment of the purchase price pursuant to the Acquisition, review and completion of the phase 1 work program on the Foggy Mountain Property, review and investigation of future potential property acquisitions and for general administrative Buscando expenses.
The Acquisition is subject to standard closing conditions, including the approval of the Canadian Securities Exchange. Subject to receiving the approval of the CSE, and the satisfaction of the remaining closing conditions, the Acquisition is expected to close on or about May 30, 2025.
Buscando Resources Corp (CNSX:BRCO) completed the acquisition of Element One Hydrogen Corp. from Granite Creek Copper Ltd. (TSXV:GCX) on June 17, 2025. Ankündigung • Jun 10
Cascadia Minerals Ltd. (TSXV:CAM) entered into a definitive arrangement agreement to acquire Granite Creek Copper Ltd. (TSXV:GCX) for CAD 7.96 million. Cascadia Minerals Ltd. (TSXV:CAM) entered into a definitive arrangement agreement to acquire Granite Creek Copper Ltd. (TSXV:GCX) for CAD 7.96 million on June 8, 2025. The consideration consists of common equity of Cascadia Minerals Ltd. at a ratio of 0.25 per common equity of Granite Creek Copper Ltd. The completion of the Transaction is subject to a number of terms and conditions, including, without limitation, the following: (i) acceptance by the TSX-V; (ii) approval of the British Columbia Supreme Court; (iii) there being no material adverse changes in respect of Granite Creek or Cascadia and (iv) target shareholder approval. The transaction is approved unanimously by the board of both the target and buyer. Under certain circumstances, Cascadia or Granite Creek may be entitled to a reciprocal termination fee of CAD 500,000. Upon closing of the Transaction, Timothy Johnston, Granite Creek's current President and CEO, is expected to join the board of directors of Cascadia.The transaction is expected to completed on on or about July 2025. Cascadia has engaged Stikeman Elliott LLP as its legal adviser in connection with the Transaction.Sangra Moller LLP is acting as legal adviser to Granite Creek and Evans & Evans Inc. provided a fairness opinion to the Granite Creek board of directors. Ankündigung • Dec 10
Granite Creek Copper Ltd. Confirms New Mineralized Zone in 2024 Drilling At Carmacks Copper-Gold-Silver Project in Yukon, Canada Granite Creek Copper Ltd. announced drill results from the 2024 drill campaign on at its wholly owned Carmacks copper-gold-silver project located in central Yukon, Canada. As previously mentioned, the Company identified a new zone within the Carmacks project called the Gap Zone, located between existing high-grade, pit-constrained resources. The exploratory drill program intercepted copper mineralization in all four drill holes, laying the foundation for a follow-up resource definition and expansion drilling campaign. The Gap Zone lies between the proposed 147 and 2000S pits and was first identified by a 2022 geophysical IP survey. Likely representing a fault offset from the main 147 Zone, the Gap Zone has the potential to add significant tonnage and extend the mine life envisioned by the 2023 PEA. There remain multiple untested drill targets on the project, both proximal to the proposed pits as outlined int the 2023 PEA, as well as distal areas and across the northern sector which has seen only modest exploration. The project hosts significant copper-gold-silver resources and has the potential for major expansion across the 177 square kilometre land package in this top mining jurisdiction. The 177 sq km, Carmacks project contains over 824 Mlbs Measured and Indicated and 29 Mlbs Inferred copper equivalent ("CuEq") metal within a National Instrument 43-101-compliant, high-grade resource of 36.2 million tonnes grading 1.07 % CuEq (0.81% Cu, 0.31 g/t Au, 3.41 Ag). The project is also situated within the Minto Copper Belt, a roughly 80 km long belt of rocks known for high grade occurrences of copper-gold-silver mineralisation. The 2023 Carmacks Preliminary Economic Assessment ("PEA"), completed by SGS C anada, identified increased resources along with improved recovery as prime means of increasing the Net Present Value ("NPV") of the project. Work completed this year by Kemetco Research demonstrated that recoveries exceeding the target outlined in the PEA can be achieved. The just completed drill program was designed to show that significant resource expansion is possible and specifically targeted areas that could lead to an expanded mine life as envisioned by the PEA. Ankündigung • Oct 18
Granite Creek Copper Ltd. Announces the of the Completion of Work At the Company's Copper-Nickel-PGM Star Project Granite Creek Copper Ltd. announced the of the completion of work at the Company's copper-nickel-PGM Star project, located in the Polaris ultramafic complex of north-central British Columbia, Canada. The program consisted of rock and soil sampling focused on an area of the project underlain by dunite ultramafic rock that is prospective for Ni-Cu-PGM mineralization. In addition to sending samples to the laboratory for Ni-Cu-PGM analysis, Granite Creek is also providing samples of various rock types to New England Research Inc. (NER) to study the potential for geologic hydrogen (Geo H2) production at Star. NER is a Vermont-based research and development company leading a recently funded $1.5 million project as part of a U.S. Department of Energy (DOE) Advanced Research Projects Agency (ARPA-E) Geologic Hydrogen program. These samples from Star will be used for laboratory analysis and testing to aid in the design and optimization of engineered stimulation of subsurface hydrogen. Engineering the production of subsurface hydrogen could potentially unlock a substantial resource for clean energy and lead to the decarbonization of some of the most challenging industries. The NER team, which also includes scientists from Missouri University of Science and Technology (MS&T) and engineers from OptiRock Group LLC., will develop testing protocols and fit-for-purpose modeling techniques to identify and assess sites where geologic hydrogen could be stimulated. The technologies will be commercialized through a series of paths, including measurement equipment, measurement and modeling services, characterization workflows, and solicitation of Phase III funding for field demonstration and deployment. New Risk • Oct 09
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.7m free cash flow). Share price has been highly volatile over the past 3 months (29% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$4.98m market cap, or US$3.64m). Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding). Ankündigung • Oct 07
Granite Creek Copper Ltd., Annual General Meeting, Dec 12, 2024 Granite Creek Copper Ltd., Annual General Meeting, Dec 12, 2024. Ankündigung • Oct 03
Granite Creek Copper Discovers New Zone in 2024 Drilling At Carmacks Copper-Gold-Silver Project in Yukon, Canada Granite Creek Copper Ltd. announced that the now completed 2024 drill campaign on at its wholly owned Carmacks copper-gold-silver project located in central Yukon, Canada yielded the discovery of a new mineralized zone. The drill program consisted of 1420 metres in four drill holes, designed to test new targets adjacent to existing high-grade, pit-constrained resources, and was successful in locating and partially delineating the Gap Zone. The newly discovered zone was traced for approximately 170 meters and remains open along strike and at depth, with copper mineralisation observed in three of four drill holes. The Gap Zone lies between the proposed 147 and 2000S pits and was first identified by a 2022 geophysical IP survey. Likely representing a fault offset from the main 147 Zone, the Gap Zone has the potential to add significant tonnage and extend the mine life envisioned by the 2023 Preliminary Economic Assessment. Mineralized sections have been sampled and delivered to the lab for analysis with results pending. Observed mineralization and host rocks were similar in appearance to known ore zones on the property. The 177 sq km, Carmacks project contains over 824 Mlbs Measured and Indicated and 29 Mlbs Inferred copper equivalent ("CuEq") metal within a National Instrument 43-101-compliant, high-grade resource of 36.2 million tonnes grading 1.07 % CuEq (0.81% Cu, 0.31 g/t Au, 3.41 Ag). The road accessible project is located along the Freegold Road, a Resource Gateway Road currently being upgraded by the Yukon government and is within 20 km of the Yukon electrical grid. The project is also situated within the Minto Copper Belt, a roughly 80 km long belt of rocks known for high grade occurrences of copper-gold-silver mineralisation. The 2022 Carmacks Preliminary Economic Assessment ("PEA"), completed by SGS Canada, identified increased resources along with improved recovery as prime means of increasing the Net Present Value ("NPV") of the project. Work completed this year by Kemetco Research demonstrated that recoveries exceeding the target outlined in the PEA can be achieved. The just completed drill program was designed to show that significant resource expansion is possible and was specifically targeting areas that could lead to an expanded mine life as envisioned by the PEA. The vendors of LS molybdenum project have agreed to defer work commitment the Company needed to complete for the calendar year for 2024. 750,000 shares have been issued to the vendors per the terms of the earn in agreement. Ankündigung • Aug 21
Granite Creek Copper Launches 2024 Drill Campaign At Carmacks Copper-Gold-Silver Project in Yukon, Canada Granite Creek Copper Ltd. announced that drill crews and equipment have been mobilized to commence drilling at its wholly owned Carmacks copper-gold-silver project located in central Yukon, Canada. The program will consist of approximately 1,800 meters of core drilling designed to test compelling new targets adjacent to existing high-grade, pit-constrained resources, namely the Gap, Sourtoe and Zone 4 target areas. Primary among these will be the Gap Target which lies between the 147 and 2000 S zones and may represent a fault offset of either or both zones. Modest, shallow drilling was completed by previous operators, but none to date have tested a large target identified in geophysical work by the Company which shows an Induced Polarization (IP) response nearly double that of the 147 Zone where high-grade mineralization is well defined. The 177 sq km, Carmacks Project contains over 824 Mlbs Measured and Indicated and 29 Mlbs Inferred copper equivalent ("CuEq") metal within a National Instrument 43 -101-compliant, high-grade resource of 36.2 million tonnes grading 1.07 % CuEq (0.81% Cu, 0.31 g/t Au, 3.41 Ag). The road accessible project is located along the Freegold Road, a Resource Gateway Road currently being upgraded by the Yukon government, and is within 20 km of the Yukon electrical grid. The project is also situated within the Minto Copper Belt, a roughly 80 km long belt of rocks known for high grade occurrences of copper-gold-silver mineralisation. The 2022 Preliminary Economic Assessment completed on the project by SGS Canada identified increased resources along with improved recovery as prime means of increasing the Net present Value (NPV) of the project. Work completed this year at Kemetco Research demonstrated that recoveries exceeding the target outlined in the PEA can be achieved. The current drill program is designed to show that significant resource expansion is possible and is specifically targeting areas that could lead to an expanded mine life as envisioned by the PEA. Ankündigung • Mar 22
Granite Creek Copper Ltd. announced that it has received CAD 1.5 million in funding On March 22, 2024, Granite Creek Copper Ltd., closed the transaction. As a part of the transaction, the company paid commissions to eligible parties totaling CAD 40,740.00 and issued 1,018,500 finder’s warrants. Officers and Directors of the company subscribed for a total of 2,125,000 units of the private placement. Ankündigung • Mar 08
Granite Creek Copper Ltd. announced that it expects to receive CAD 1.5 million in funding Granite Creek Copper Ltd. announced a non-brokered private placement of up to 37,500,000 units at a price of CAD 0.04 per unit for the gross proceeds of CAD 1,500,000 on March 7, 2024. Each unit will consist of one common share of the company and one common share purchase warrant, with each warrant entitling the holder to acquire one additional common share of the company at a price of CAD 0.07 for a term of 24 months from the closing date of the offering. The transaction is expected to close on or about March 20, 2024, and is subject to customary closing conditions, including approval of the TSX Venture Exchange. All securities issued in connection with the offering will be subject to a statutory hold period of four months and one day from the closing date. Ankündigung • Jan 18
Granite Creek Copper Receives Final Metallurgical Results Demonstrating 88% Oxide Copper Recovery Granite Creek Copper Ltd. announced significantly increased recovery of copper from oxide material at its Carmacks Copper-Gold-Silver project ("Carmacks Project" or the "Project") was achieved through metallurgical studies conducted by Kemetco Research Inc. from ("Kemetco"). The Company's 2023 Preliminary Economic Assessment ("2023 PEA") for the Project identified the opportunity to significantly increase net present value ("NPV") by improving oxide recovery. Metallurgical testing completed on the project in support of the 2023 PEA showed that while a copper recovery of over 93% could be achieved via a well- established froth flotation technique for sulphide ore, only 39.8% copper recovery from oxide ore was achieved using the same process. The current test results show a total recovery of 88% for oxide material is possible, an increase of 48% over the PEA base case. These results will have a significant impact on the economics for the project as the PEA identified an additional $180 M of NPV5% value by increasing life of mine average recovery for copper from 64% to 77%. With sulfide recoveries of 93.7% identified in the PEA and combined oxide recoveries (initial flotation + leaching and precipitate) of 88% the potential recoveries for copper are well above the 77% target level highlighted in the 2023 PEA. The current mine plan as outlined in the 2023 PEA contemplates processing material with a high oxide content of up to 80% oxide ore in the first five years of the mine life. During this time over 8.4 million tonnes of oxide material would be processed versus 2.88 million tonnes of sulphide material. An increase in recovery of oxide material for the first five years of mine life, as demonstrated in these test results, would have a potentially very significant impact on project economics. Results of this testing are outlined below: Acid leaching was able to extract as much as 80% of the remnant copper present in a composite prepared from Carmacks copper oxide flotation tailings. Copper in precipitates varied, but in most tests approached the theoretical grade of pure CuS which grades 66.5% Cu. High grades were obtained without pH adjustment. This testing shows a total copper recovery from oxide material of 88% with Initial Flotation recovery of 39.8% + Leach and Precipitate recovery of 48% (80% of the remnant copper). Adding Sodium hydrosulphide ("NaHS") solution resulted in up to 100% precipitation of copper from leach solutions, offering a promising avenue for further refinement. Hydrogen sulphide gas was equally effective as a sulphide source for copper precipitation. In all tests, the precipitation of CuS resulted in a drop in pH as free acid was regenerated as a by-product of the precipitation reaction, creating the potential to reuse/recycle the regenerated acid. New Risk • Nov 15
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.5m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 23% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$4.82m market cap, or US$3.52m). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding). New Risk • Nov 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.5m free cash flow). Earnings have declined by 23% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$5.63m market cap, or US$4.06m). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Ankündigung • Oct 26
Granite Creek Copper Ltd. Receives Preliminary Metallurgical Results Demonstrating Potential for Significant Additional Copper Recovery Granite Creek Copper Ltd. announced the preliminary results of a metallurgical study designed to increase recovery of copper from oxide material at its Carmacks Copper-Gold-Silver project ("Carmacks Project" or the "Project"). Kemetco Research Inc. ("Kemetco") has been contracted to carry out an initial series of scoping tests to evaluate the potential for extraction and recovery of copper from unrecovered copper oxide minerals in Carmacks Project flotation tailings as referenced in the Company's 2023 Preliminary Economic Assessment ("2023 PEA"). Testing involves the leaching of tailings from previous flotation testing of oxidised copper material to dissolve copper into solution and subsequently precipitate copper in a form that could be added to a concentrate being produced by sulphide flotation. The leaching portion of the test work has now been completed with up to 81% of the copper present in the test samples going into solution. The remaining project task, currently underway at Kemetco, is to complete a series of bench tests to evaluate methods for selective recovery of the leached copper from solution. The planned tests will focus on copper sulphide precipitation to target generation of a high-grade copper sulphide product that could potentially be combined with a copper flotation concentrate in an overall production flowsheet, resulting in significant potential increases to both overall copper recovery and the copper grade of the final concentrate product. The 2023 PEA was based on an average recovery of copper, life of mine ("LOM") of 64%, with up to 93.7% recovery of copper when processing sulfide material but only 39.8% when processing oxide material. The current mine plan as outlined in the 2023 PEA contemplates processing material with a high oxide content of up to 80% oxide ore in the first five years of the mine life during which time over 8.4 million tonnes of oxide material would be processed versus 2.88 million tonnes of sulphide material. Sensitivity analysis completed in the 2023 PEA identified over $180M of Net Present Value ("NPV") to be gained from a combined sulphide-oxide recovery system by increasing the LOM recovery of copper by 20% from the current projected 64% to 77% total copper recovery. The material used for the current test consists of tailings from flotation testing of oxide material, where 39.8% recovery of copper was achieved prior to the current leach testing. With up to 81% of the remaining copper going into solution an additional 48% recovery of copper in oxide is possible (81% of remaining 60.2% copper from original test sample) which would increase the total copper recovery of oxide material to over 80% (original 39.8% plus 48%). This could potentially provide a path to exceed the 20% increase in total LOM copper recovery opportunity, which was referenced in the 2023 PEA. While the current work is being conducted on the most representative material available, it should be noted that this work is preliminary in nature and has not yet been tested on a range of potential feed blends. Ankündigung • Oct 06
Granite Creek Copper Ltd., Annual General Meeting, Dec 13, 2023 Granite Creek Copper Ltd., Annual General Meeting, Dec 13, 2023. Agenda: Annual Meeting. Ankündigung • Aug 24
Granite Creek Copper Ltd. Receives Preliminary Metallurgical Results Demonstrating Potential for Significant Copper Recovery Granite Creek Copper Ltd. announced the preliminary results of a metallurgical study designed to increase recovery of copper from oxide material at its Carmacks Copper-Gold-Silver project ("Carmacks Project" or the "Project") Kemetco Research Inc. ("Kemetco") has been contracted to carry out an initial series of scoping tests to evaluate the potential for extraction and recovery of copper from unrecovered copper oxide minerals in Carmacks Project flotation tailings as referenced in the Company's 2023 Preliminary Economic Assessment ("2023 PEA"). Testing involves the leaching of tailings from previous flotation testing of oxidised copper material to resolve copper into solution and subsequently precipitate copper in a form that could be added to a concentrate being produced by sulphide flotation. The leaching portion of the test work has now been completed with up to 81% of the copper present in the test samples going into solution. The remaining project task, currently underway at Kemetco, is to complete a series of bench tests to evaluate methods for selective recovery of the leaching copper from solution. New Risk • Aug 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 40% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$8.04m market cap, or US$6.02m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Ankündigung • Jun 04
Granite Creek Copper Ltd. announced that it has received CAD 1.265175 million in funding On June 02, 2023, Granite Creek Copper Ltd. closed the transaction. The company issued 10,853,333 common share units at a price of CAD 0.06 per unit and up to 8,186,334 flow-through units at a price of CAD 0.075 per unit for the aggregate gross proceeds of CAD 1,265,175.01. The transaction included participation from insider investors for for 1,000,000 Common Share Units and 350,000 Flow-Through Units in the Offering for a total consideration of CAD 86,000. Ankündigung • May 13
Granite Creek Copper Ltd. announced that it expects to receive CAD 1.35 million in funding Granite Creek Copper Ltd. announced a non-brokered private placement of up to 10,000,000 common share units at a price of CAD 0.06 per unit and up to 10,000,000 flow-through units at a price of CAD 0.075 per unit for the aggregate gross proceeds of CAD 1,350,000 on May 12, 2023. Each unit consists of one common share and one-half of one transferable warrant, with each full warrant allowing the holder to purchase one common share at a price of CAD 0.12 per share for 36 months. Each Flow-through unit consists of one flow-through share and one-half of one transferable flow-through warrant, with each full flow-through warrant allowing the holder to purchase one flow-through share at a price of CAD 0.15 per share for 24 months. All the shares issued will be subject to a statutory
hold period of 4 months and one day from the closing of the Offering. The Company may pay finder’s fees on a portion of the offering, subject to compliance with the policies of the TSX Venture Exchange and applicable securities legislation. The transaction is subject to the approval of all necessary regulatory approvals and the TSX Venture Exchange.
On the same day, the company issued 6,400,000 common share units and 4,436,677 flow-through units at a price of CAD 0.06 per unit and CAD 0.075 per unit respectively for the gross proceeds of CAD 716,750. Ankündigung • Jan 20
Granite Creek Copper Ltd. Reports Positive Results from its Preliminary Economic Assessment for the Carmacks Copper-Gold-Silver Project Granite Creek Copper Ltd. reported positive results from its Preliminary Economic Assessment (PEA) for the Carmacks Copper-Gold-Silver project (the Project or Carmacks Project), located in the Yukon, Canada's Minto Copper District within the traditional territories of Little Salmon/Carmacks First Nation and Selkirk First Nation. The PEA demonstrates attractive project economics with significant opportunities for additional mine life expansion, reinforcing the potential of the Minto Copper District to become a top-tier global copper district. The Company envisions developing the Carmacks Project into a low-carbon source of copper. A critical mineral, as defined by the Canadian government, copper is key to the transition to a zero-carbon economy through the electrification of transportation and other industries, and the development of renewable energy production. The 2023 PEA clearly demonstrates the viability of the Carmacks Deposit as a robust open pit sulphide and oxide copper-gold-silver project with significant potential upside from both resource expansion and secondary processing of oxide material to further improve oxide recoveries. The Project is to be powered by the Yukon's electrical grid which uses primarily renewable electricity. The PEA contemplates open pit mining using a conventional truck and shovel operation in two separate pits. Mining targets the high-grade, near surface oxide material in the 147 pit, then transitions to target sulphide material in the 1213 pit followed by final mining of the deeper oxide and sulphide material in 147. Mined material would be delivered to a crushing and grinding circuit consisting of a primary crusher, SAG mill and ball mill. Both oxide copper ore and sulphide copper ore would be processed via a simplified flow sheet consisting of well-established flotation technology producing a high-quality copper-gold-silver concentrate. Oxide and sulphide ore would be blended and sequenced to provide optimal cash flow and to minimise the environmental footprint with mined-out pits or portions of pits being reclaimed as mining commences in the next area. Both conceptual pits lie within 2km of the proposed mill site. Tailings from the flotation circuit would be filtered and water recirculated into the flotation circuit. This would improve water management and limit environmental impact, with final tailings placement on a lined dry stack tailings facility at site. A high-grade, premium copper, gold and silver concentrate would be shipped via deep seaports in Skagway, Alaska or other nearby facilities. Treatment and refining charges terms are within standard market rates. Average copper recovery during life of mine ("LOM') is calculated to be 64% with approximately 2/3 of material processed being oxide ore and 1/3 being sulphide ore. Metallurgical studies returned 93% copper recovery when processing sulphide ore, 40% copper recovery while processing oxide ore and 82% when processing a 50:50 blend. Metallurgical work highlights the opportunity for further optimization of the Project through more detailed mine sequencing or discovery of near mine sulphide or that could be blended with ore from the 147 pit. The PEA for the Project outlines an initial (pre-production) capital cost estimate of C$220 million and LOM sustaining capital costs of C$130 million, including overall closure costs of C$5 million. Initial capital costs include the construction of milling and processing facilities, lined dry stack tailings and lined waste rock facilities, on-site infrastructure of 15km of access road and facilities for water capture and treatment. Construction of a powerline (12.8 km, 138 kV) from an existing substation is placed under sustaining capital to allow for construction time of the power grid. Operating costs estimates were developed using first principles methodology, vendor quotes received in Third Quarter 2022, and productivities being derived from benchmarking and industry best practices. Over the LOM, the average operating cost for the Project is estimated at C$3.16/t mined and C$18.30/t processed. Tailings costs are included in processing costs. The average cash operating costs over the LOM is US$1.76/lb CuEq and the average AISC is US$2.57 /lb CuEq. The PEA indicates that the potential economic returns from the Project justify advancing to a feasibility study. The Project generates cumulative cash flow of C$371.2 million on an after-tax basis and C$505.8 million pre-tax at a base case of $3.75/lb Cu based on an average mill throughput of 7,000 t/day over the 9-year life of mine. The PEA is significantly influenced by copper price assumptions. Using the Case 1 metal price scenario consists of near current prices of US$4.25/lb Cu, US$2000/oz Au and US$25/oz silver, the Project generates an after-tax Net Present Value ("NPV") using an 5% discount rate of $328 million and an after-tax IRR of 38% with a payback period of 1.5 years from the commencement of production. (Table 3), Outlined below in Table 4 is a detailed sensitivity analysis across gold and copper prices with silver kept at $22/ounce. Table 5 below highlights additional sensitivities to foreign exchange, recovery, CAPEX and OPEX. The third conceptual pit, 2000S as identified in the Mineral Resource Estimate ("MRE), could be brought into the mine plan if sufficient additional resources were defined by drilling to offset pre-stripping costs. Electrification of the mining fleet. Significant cost saving and reduction in greenhouse gas production may be possible through the sourcing of electric vs. diesel haul trucks for the Project. The PEA envisions using a contract mining fleet for the Project and preference will be given to suppliers that can provide either fully electric or hybrid equipment. Further discovery. Exploration conducted in 2022 consisting of geophysics, trenching and soil sampling identified four areas proximal to the proposed mine plan that if successfully drilled could enable longer mine life beyond nine years or provide additional sulphide mill feed earlier in the mine's life. Four targets on the Property require evaluation, all located within 1km of the current deposits. Two of the targets are located beneath the current resource and there is higher geological certainty that these may contain appreciable copper mineralization. Zone 1213 shallow: Downward continuation of Zone 12 and 13. Estimated dimensions are 360m long, 15 - 40m wide, starting at approximately 65m below the current drilling. Zone 12 deep: Downward continuation of Zone 12. Estimated from geophysics to be continuing for an additional 170m below current resource modelling. Approximated to be 580m long and 15-40m wide. Gap Zone target: Geophysical anomaly that fits with current geological understanding of the fault offset between 147 and 2000S Zone. Ankündigung • Jan 11
Granite Creek Copper Ltd. Reports on Metallurgical Results in Support of an Updated PEA on the Carmacks Copper-Gold Project in Yukon, Canada Granite Creek Copper Ltd. reported positive metallurgical results in support of the upcoming Preliminary Economic Assessment for the Carmacks copper-gold-silver project located in the Minto copper district, within the traditional territories of the Little Salmon Carmacks First Nation and the Selkirk First Nation, Yukon Canada. Metallurgical testing completed by SGS Vancouver Metallurgy ("SGS") supports a simplified process consisting of froth flotation for the recovery of copper, gold and silver from both sulphide and oxide ores at Carmacks. These tests demonstrate outstanding recovery levels and concentrate grades in both the sulphide only and blended sulphide/oxide samples, which would be utilized by the mine. Testing was done on samples consisting of material in which copper was present primarily in oxide minerals, where the copper was present as primarily sulphide minerals, and samples that were a blend of oxide and sulphide minerals. Test work produced a very clean, premium, high-grade concentrate that forms the metallurgical basis for the process flow sheet of the PEA, which the company expects to publish by the end of the current quarter. Flotation optimization and an economic evaluation of the target copper grade versus recovery has been recommended by SGS and will be considered in future test work. Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 2 experienced directors. 2 highly experienced directors. Chairman, President & CEO Tim Johnson is the most experienced director on the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Ankündigung • Oct 07
Granite Creek Copper Ltd., Annual General Meeting, Dec 15, 2022 Granite Creek Copper Ltd., Annual General Meeting, Dec 15, 2022. Ankündigung • Aug 31
Granite Creek Copper Ltd. announced that it expects to receive CAD 0.64 million in funding Granite Creek Copper Ltd. announced a non-brokered private placement of up to 5,000,000 units at an issue price of CAD 0.08 per unit for proceeds of CAD 400,000 and up to 2,000,000 flow-through shares at an issue price of CAD 0.12 per share for proceeds of up to CAD 240,000 for an aggregate gross proceeds of up to CAD 640,000 on August 30, 2022. Each unit consisting of one common share of the Company and one-half of one transferable warrant, with each full warrant allowing the holder to purchase one common share of the Company at a price of CAD 0.10 per share for twenty-four months from the Closing Date. Closing of the transaction is subject to certain customary conditions, including, but not limited to, the receipt of all necessary regulatory approvals and acceptance of the TSX Venture Exchange. All shares and warrants issued will be subject to a statutory hold period of four months and one day from the closing. If, at any time after the Closing Date, the closing price of the Company’s common shares on the TSX Venture Exchange is greater than CAD 0.16 per share for a period of 10 consecutive trading days, the Company may elect to accelerate the expiry date of all or part of the Warrants, at any date that is four months and one day after the Closing Date, by giving notice thereof to the holders of the Warrants. In such case, that portion of the Warrants would be subject to an expiry date that is 30 business days after the date on which such notice is given by the Company. Ankündigung • Aug 25
Granite Creek Copper Ltd. (TSXV:GCX) agreed to acquire Star Cu-Ni-Platinum Group Metal Project in British Columbia, Canada from Ursula Mowat for CAD 0.05 million. Granite Creek Copper Ltd. (TSXV:GCX) agreed to acquire Star Cu-Ni-Platinum Group Metal Project in British Columbia, Canada from Ursula Mowat for CAD 0.05 million on August 24, 2022. Granite Creek will secure a 100% interest in the project, with no underlying royalty or further obligation, for a total consideration of CAD 10,000 and the issuance of 500,000 common shares of Granite Creek Copper to the estate of Ursula Mowat. The issued shares will have a hold period of 4 months plus one day from the date of issuance. The transaction is subject to TSX Venture approval. The transaction is expected to close on or about August 30, 2022. Ankündigung • Aug 04
Granite Creek Copper Ltd. Appoints Geordan Clark as an Independent Director Granite Creek Copper Ltd. announced the appointment of Mr. Geordan Clark as an Independent Director. Geordan Clark is a Yukon-based entrepreneur with extensive project management and business development experience including an MBA from Cape Breton University. A citizen of the Kluane First Nation from Burwash Landing, Geordan worked as a business consultant with the Kluane First Nation, Tr'ondk Hwch'in, Na-Cho Nyk Dun Development Corporation, Carcross Tagish First Nation, Chu Nikwn LP (Kwanlin Dun), Champagne Aishihik Community Development Corporation, as well as providing consulting services to many other Yukon First Nations small business owners. Mr. Clark was formerly the Executive Director of the Kluane Development Corporation and is currently General Manager and co-owner of Vision Quest Explorations, a Yukon First Nation drilling and exploration company. With a passion for Community Economic Development, Geordan is dedicated to supporting the progression of Yukon First Nation's business and advancement of the Yukon's economy. Ankündigung • Jun 10
Granite Creek Copper Launches 2022 Exploration Program at High-Grade Carmacks Copper-Gold-Silver Project in Yukon, Canada Granite Creek Copper Ltd. announced the commencement of its 2022 field exploration campaign at the high-grade Carmacks Cu-Au-Ag project, south of the operational Minto mine in Canada’s Yukon Territory. The first phase of the program will consist of a high-resolution, deep-penetrating Induced Polarization (IP) survey which Simcoe Geophysics has now initiated. The wireless Alpha IP survey system is capable of resolving targets at depths in excess of 500 meters and is being employed to locate vertical and horizontal extensions of the three main mineralized areas of the Carmacks deposit and to identify subparallel zones. Previous historical IP surveys were highly effective at identifying near-surface structures hosting copper oxide mineralization, but with effective penetration of less than 250 meters, leaving significant potential below that level. Most recently, comparisons of 2021 drill data with these historical IP surveys strongly reinforces their value in generating and refining drill targets. Concurrent review of historical data has also identified several areas in and around the Carmacks deposit that are top targets for their potential to host additional mineralization. The company has identified three priority areas for this IP survey: Gap target area: The area between Zone 2000S and Zones 1, 4, 7, has not been sufficiently evaluated for potential mineralization. The company recognized faulting in the area that may have offset mineralization and the IP survey will assist in detecting offsets to better target future drill holes. The success of 2021 drill campaign to expand and upgrade resources in Zone 2000S, especially DDH21-011 has made this zone a priority, Extension target area: Zones 1, 4, 7 are abruptly cut off on the northern end where a thick layer of overburden restricts surface exploration. This area will be surveyed to detect down dropped or laterally offset blocks of the mineralization that may be located under the thick cover and, 1213 target area: The conceptual pit in the southern part of Zone 1213 only extends to 130m below surface because drilling has not fully tested the depth of mineralization in this area. Surveying in this area will further define the down dip potential of the zone. Board Change • Apr 27
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. 2 highly experienced directors. Chairman, President & CEO Tim Johnson is the most experienced director on the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Ankündigung • Feb 16
Granite Creek Copper Identifies New Targets At Carmacks Copper-Gold Project Through Deployment of Goldspot Discoveries' Artificial Intelligence Technology Granite Creek Copper Ltd. announced that GoldSpot Discoveries Corp. has completed work for Granite Creek Copper's Carmacks project. GoldSpot was engaged to apply their proprietary machine learning technology and geoscience expertise on the Company's Carmacks deposit and Carmacks North target area, located in the high-grade Minto copper belt of Canada 's Yukon Territory. GoldSpot is a mining-focused technology company that is working with some of the leading exploration and mining names in the industry to apply cutting edge Artificial Intelligence ("AI") algorithms to significantly increase the efficiency and success rate of mineral exploration. Recent successes by GoldSpot with leading projects in exploration, development, and production-phases have demonstrated the potential to expand resources and make new discoveries using their advanced analytical technology. GoldSpot is a mining-focused technology company that is working with some of the leading exploration and mining names in the industry to apply cutting edge Artificial Intelligence ("AI") algorithms to significantly increase the efficiency and success rate of mineral exploration. Recent successes by GoldSpot with leading projects in exploration, development, and production-phases havedemonstrated the potential to expand resources and make new discoveries using their advanced analytical technology. Re-interpretation of geophysical data, and the use of GoldSpot's in-house image processing approach GeoFEZTM, to produce new priority exploration targets Statistical analysis of multi-element geochemical data to develop geochemical signatures of `mineralized lenses (rafts)' Development of Machine Learning products to help vector towards previously unidentified mineralized horizons (rafts) Generation of a revamped 3D geological model on the Carmacks deposit Preliminary analysis of historic drill-core photos using GoldSpot's LithoLens Granite Creek's collaboration with GoldSpot produced several potential new targets, including sub- parallel zones adjacent to zones 147, 2000S and 13 at the Carmacks deposit identified by an analysis of the drillhole database. The spatial relationship between the geochemical signature of mineralization and associated depleted areas haloing mineralization identifies targets areas where a depletion halo occurs with no known associated mineralization. In addition to the target areas in and around the Carmacks deposit, new targets were developed in the Carmacks North area, based on a review of multiple geophysical techniques, including aeromagnetic surveys andinduced polarity surveys with the interplay between the survey types generating and confirming the anomalies. The outcome of this high-quality work provides the technical team at Granite Creek Copper with extremely valuable and necessary tools to assist in drill hole targeting for the 2022 campaign, including resource expansion, early-stage prospects, and exploratory targets on the highly prospective 176 square kilometer Carmacks copper-gold project. Ankündigung • Dec 18
Granite Creek Copper Ltd. announced that it has received CAD 1.500001 million in funding Granite Creek Copper Ltd. announced a private placement of 8,333,337 flow-through common shares at a price of CAD 0.18 per share for gross proceeds of CAD 1,500,001 on December 17, 2021. The transaction included participation from two directors and an officer of the company. Canaccord Genuity Corp. and Research Capital Corp acted as the finders and received CAD 91,000 and issued 505,554 non-transferable common share purchase warrants. Each finder warrant will entitle the holder to purchase one common share in the capital of the company at a price of CAD 0.27 per share for a period of two years from the date of closing. Shares are subject to a statutory hold period of four months and one day from the date of issuance. Ankündigung • Aug 25
Granite Creek Copper Ltd. Announces Results from Diamond Drill Hole CRM21-011 Granite Creek Copper Ltd. announced results from diamond drill hole CRM21-011 which intersected copper sulfide mineralization grading 1.18% CuEq (0.96% Cu, 0.01% Mo, 0.18 g/t Au, and 4.06 g/t Ag) over a 105.52-meter interval. The long interval included a high-grade intercept of 2.55% CuEq (2.17% Cu, 0.01% Mo, 0.36 g/t Au and 9.13 g/t Ag) over 21.22 meters. Also, within the 105m interval, grades reached an impressive 19.72 CuEq
(18.97% Cu, 0.46 g/t Au and 38.3 g/t Ag) in 0.5 meters of semi-massive chalcopyrite. Drill hole CRM21-011, along with four other drillholes from the 2021 Phase 1 program have extended known mineralization in Zone 2000S from 30m to 100m below the current block model. The Company believes these results will add significant additional tonnage to an updated NI 43-101 mineral resource estimate currently being developed. The entire mineralized section encountered in CRM21-011 is outside the current block model, providing a greater than 100-meter potential expansion below the current resource area. Ankündigung • Jul 15
Granite Creek Copper Ltd. Completes Induced Polarization Survey on its Carmacks North Target Area and Completion of Phase 1 of its 2021 Drilling Program Granite Creek Copper Ltd. announced that Simcoe Geophysics has completed a 20.8 line kilometer (‘km’) induced polarization (IP) survey on the Company's Carmacks North target area. Preliminary results from the survey have identified several near surface chargeability anomalies that have been prioritized as trenching and reverse circulation (‘RC’) drill targets for Phase 2 of the 2021 season. Granite Creek further announced the completion of Phase 1 of its 2021 drilling program, which consisted of 19 holes totaling 6,355 meters of diamond drilling on Zones 1, 2000S and 13 of the Carmacks deposit. The first tranche of assays from Phase 1 are expected very soon and will be released in batches as received and reviewed by the Company. With this initial stage of drilling completed, Vision Quest Exploration, based in Whitehorse, Yukon, has mobilized a reverse circulation (‘RC’) drill rig to the property and commenced Phase 2 drilling which is expected to consist of approximately 3,00 meters. Given the early start to the 2021 field season and encouraging early indications of success, Granite Creek has made the decision to expand the previously defined 10,000-meter program by adding a third phase which is expected to add an additional 2,700 meters of diamond drilling to the overall program. Launch date for Phase 3 is tentatively targeted for early September, with potential to bring that forward to late August. The Company will provide further guidance in this regard in the upcoming weeks. The Carmacks North Target area is comprised of Zones A-D, as well as additional targets currently being developed. Prior to the Granite Creek's inaugural drill program completed last fall, little work had been completed on the area since 1980. Historical high-grade copper intercepts of up to 2.52% Cu, 1.64 g/t Au, 12.84 g/t Ag over 19.81 meters were successfully followed up with intercepts of 4.31% Cu, 3.41 g/t Au, 23.78 Ag over 4.36 meters and 0.97% Cu, 0.32 g/t Au, 2.84 g/t Ag over 25 meters. Recognizing the discovery potential in the target area the Company is pleased to deploy modern, advanced exploration tools such as the Alpha Induced Polarization survey employed by Simcoe Geophysics. Capable of measuring the chargeability and resistivity of the rock up to 1,000m below the surface these types of surveys greatly improves the chance of success with drilling. The use of a rapidly deployable drill rig such as the RC rig being supplied by Vision Quest along with excavator trenching allows for testing of multiple high priority targets during a single field season. Granite Creek has worked closely with the Yukon government to develop a COVID-19 safety plan that enables the Company to implement an effective work plan while maintaining the high degree of safety of workers and surrounding communities. The Company strictly adheres to mandates put in place by health authorities at the Federal and Territorial government level and holds the health and safety of workers, and the citizens of the communities in which the company works, in the high regard. Ankündigung • May 20
Granite Creek Copper Engages Sedgman to Conduct Mine Planning & Mineral Processing Review on the Carmacks Copper-Gold-Silver Project in Yukon, Canada Granite Creek Copper Ltd. announced that it has contracted Sedgman and Mining Plus, to complete optimizing trade-off studies with respect to potential resource development and mineral processing opportunities at the Company's Carmacks project. These studies will provide the basis for a substantially revised economic assessment based on an updated NI 43-101 mineral resource estimate anticipated following completion of the 10,000-meter drill program currently underway. Initial discussions among technical representatives from Sedgman, Mining Plus and Granite Creek identified several potential value adding opportunities which will be examined with the aim of extending the project fundamentals beyond those defined in the 2017 Preliminary Economic Assessment ("PEA") on the Carmacks deposits. These avenues are to be explored concurrently with the Company's resource expansion activities such that a resource update and the proposed trade-off studies can potentially be integrated into a revised PEA, providing a basis for more robust project fundamentals. The Sedgman and Mining Plus scope of work will focus primarily on the Oxide and Sulphide Zones within the Carmacks deposit Zone 1, as well as the adjacent Zones 4 and 7. The aim of this analysis is to uncover strategies to maximize value and optimize schedule, within the framework of a mineral deposit consisting of two distinctly separate ore types each requiring its own mineral processing treatment. The comprehensive study work will commence with the re-baselining of the mine execution sequence and the development of a suitable ore sorting strategy which can be integrated into the adjacent value options and mining approaches. Once the oxide mining plan has been completed, an examination of leaching options can be started, whilst the sulphide mining plan is in development. The twin mine plans will then integrate with the other study options relating to trucking cost assessments and capital cost developments, culminating in a final report of compiled trade-off studies. The work has been scheduled to commence immediately and is expected to be completed over a period of approximately 8 weeks. The schedule for delivery has been compressed and timed such that scope outcomes can inform Granite Creek Copper's planning process for the potential execution of a second phase of exploration diamond drilling work in the late summer/early fall 2021. As part of the work, Sedgman and Mining Plus will conduct a review of potential mining scenarios including but not limited to various bulk tonnage caving scenarios, open pit ("OP"), underground ("UG), or a hybrid OP/UG scenario. The focus would be on recovering the entire oxide and sulphide mineral resource. The aim of the metallurgy scope will be to compile a sequence of smaller studies into an optimizing overall trade-off study report. It is expected that a final capital cost estimate and operating cost estimate will be developed, including the outcomes of the smaller studies, providing a re-baselined mining strategy with additional processing improvements. Ankündigung • May 07
Granite Creek Copper Ltd. Announces Start of 10,000 Meter Drill Program at Carmacks Copper-Gold-Silver Project in Yukon, Canada Granite Creek Copper Ltd. announced that Kluane Drilling has mobilized two diamond drill rigs to the Carmacks copper-gold-silver project (formerly Carmacks and Stu projects), in Central Yukon, Canada, for immediate commencement of the Company's 2021 drill campaign. The program will consist of up to 10,000 meters of drilling focused on upgrading inferred resources to indicated, as well as step out drilling aimed at delineating new resources where the deposit remains open to expansion. Granite Creek's 2021 drill program follows up on the Company's highly successful inaugural drill program, completed in November 2020, which encountered 127 meters of 0.85% Copper Equivalent ("CuEq") at Carmacks Zone 13, nd 4.6 meters of 7.51% CuEq at Carmacks North Zone A. Priority targets for this year's program will include the underlying sulfide potential at Carmacks Zone 1, Carmacks Zones 2000S, 12, and 13, as well as following up on last year's success at Carmacks North Zone A. Carmacks Zone 1 hosts a portion of the overall 23.76 million tonnes of the current mineral resource estimate1 and remains open at depth and along strike. While the oxide portion of Zone 1 has been well defined and is categorized in the Measured and Indicated category, only approximately half of the underlying sulfide resource is in the Measured and Indicated category, while the remainder is classed as Inferred. Starting at only 200m from surface, the sulfide in Zone 1 has the potential to add additional tonnage to the contained resources and could become a part of an updated economic study. Results from the 2020 and 2021 drill programs are anticipated to be included in an updated NI43-101 mineral resource estimate for the project. COVID-19 Protocols: Granite Creek has worked closely with the Yukon government to develop a COVID-19 safety plan that enables the Company to implement an effective work plan while maintaining the highest degree of safety of workers and surrounding communities. The Company strictly adheres to mandates put in place by health authorities at the Federal and Territorial government level and hold the health and safety of workers, and the citizens of the communities in which work in the highest regard. Ankündigung • Mar 18
Granite Creek Copper Ltd. announced that it has received CAD 5.2103 million in funding from Sprott Asset Management, LP and other investors On March 17, 2021, Granite Creek Copper Ltd. (TSXV:GCX) closed the transaction. The company issued 5,000,000 flow-through units at $0.28 per unit for gross proceeds of CAD 1,400,000, 10,050,000 non-flow-through units at $0.20 per unit for gross proceeds of CAD 2,010,000 and 8,183,181 flow-through shares at $0.22 per share for gross proceeds of CAD 1,800,300; for aggregate proceeds of CAD 5,210,300. Funds managed by Sprott Asset Management, LP provided a lead order on the flow-through shares portion of the transaction. The company paid commissions totaling CAD 196,544, issued 150,00 shares, 556,563 finder's warrants and 175,000 compensation options. Each finder's warrant is exercisable into one share of the company at exercise price of CAD 0.30 for 24 months from the date of closing of the transaction. Each compensation option is exercisable into one unit of the company at a price of CAD 0.20 per unit, each unit consisting of one share and one half of one warrant. Officers and directors of the company subscribed for a total of 262,000 non flow-through units and 45,000 flow-through shares of the transaction. Ankündigung • Feb 23
Granite Creek Copper Ltd. announced that it expects to receive CAD 4.33 million in funding Granite Creek Copper Ltd. (TSXV:GCX) announced a non-brokered private placement of up to 7,500,000 units at a price of CAD 0.20 for gross proceeds of CAD 1,500,000, up to 6,500,000 flow-through common shares at a price of CAD 0.22 per share for gross proceeds of CAD 1,430,000, and up to 5,000,000 flow-through units at a price of CAD 0.28 for gross proceeds of CAD 1,400,000; for aggregate proceeds of CAD 4,330,000. Each unit consists of one common share of the company and one-half of one transferable warrant, with each full warrant allowing the holder to purchase one common share of the company at a price of CAD 0.30 per share for twenty-four months and each flow-through unit consists of one flow-through common share of the company and one half of one transferable warrant, with each full warrant allowing the holder to purchase one non-flow-through common share at a price of CAD 0.30 per share for twenty-four months. The securities issued in the transaction will be subject to a statutory hold period of four months and one day from the closing of the transaction. The company may pay finder's fees on a portion of the transaction, subject to compliance with the policies of the TSX Venture Exchange and applicable securities legislation. Closing of the transaction is subject to certain customary conditions, including, but not limited to, the receipt of all necessary regulatory approvals and acceptance of the TSX Venture Exchange. Ankündigung • Feb 13
Granite Creek Copper Ltd. Announces Complete Assay Results from Its 2020 Field Exploration Program Granite Creek Copper Ltd. announces complete assay results from its 2020 field exploration program at the recently consolidated, 176 square kilometre Carmacks copper-gold project in the high-grade Minto copper district of Canada's Yukon Territory. The Company completed 1,067 meters of diamond core drilling in five holes in an inaugural program with the dual objectives of advancing the Carmacks North (Formerly "Stu") Zone A target towards definition of a maiden mineral resource and expanding existing drill-defined sulphide mineralization at Zone 13 on the Carmacks deposit. The Carmacks Deposit contains 23.76(1) million tonnes of NI 43-101(2,3) compliant resources in the Measured and Indicated categories grading 0.85% Cu, 0.31 g/t Au, 3.14 g/t Ag, for contained metal of 446 Mlbs Cu, 237,000 ozs Au and 2.4M ozs Ag. Zone 13 is part of this resource but has not been drilled off and Granite Creek believes this zone has the potential to host substantial sulphide resources that can be added to the existing resource. A prime example is diamond drill hole CRM20-001, drilled behind previous drillholes and intersecting 127m of continuous, dominantly copper sulphide mineralization up to 80m down dip of previous intercepts and with the same tenor of mineralization. With a known strike length of over 750m, and still open horizontally and at depth, Zone 13 is one of the prime targets for the 2021 exploration program. Drill intercepts in all three holes drilled at Zone A furthered the potential for delineation of both copper oxide and copper sulphide resources in the northern part of the claim block at Carmacks North. Formerly part of the Stu property, this zone was last drilled in 1980 and has seen little work until the company's inaugural program. Granite Creek relogged and reassayed selected holes from the 1980 program to assist the 3D modeling effort and will be releasing results once compiled and interpreted. High-grade intercepts of 7.5% copper equivalent over 4.63 meters in hole STU20-002 and 1.9% copper equivalent over 10.28 meters in hole STU20-003 - both drilled at an offset to high-grade historical holes 80-09 and 80-14 – confirmed modeling work done by the Company. 2021 exploration plans include deep penetrating geophysical surveys targeting underlying sulphide potential, trenching to confirm orientation of mineralization, and follow-up drilling. Is New 90 Day High Low • Feb 12
New 90-day high: CA$0.23 The company is up 57% from its price of CA$0.15 on 13 November 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 1.0% over the same period. Is New 90 Day High Low • Dec 24
New 90-day high: CA$0.22 The company is up 29% from its price of CA$0.17 on 24 September 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 1.0% over the same period. Is New 90 Day High Low • Dec 16
New 90-day high: CA$0.21 The company is up 24% from its price of CA$0.17 on 16 September 2020. The Canadian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 13% over the same period. Ankündigung • Nov 07
Granite Creek Copper Ltd., Annual General Meeting, Dec 17, 2020 Granite Creek Copper Ltd., Annual General Meeting, Dec 17, 2020. Location: 904 409 Granville Street Vancouver British Columbia Canada Ankündigung • Oct 11
Granite Creek Copper Ltd. Launches Inaugural Drilling Campaign at Stu Copper-Gold Project in Yukon, Canada Granite Creek Copper Ltd. announced that a diamond core drill rig and crew have mobilized to site for the Company's inaugural drill program. The planned drill program will consist of up to 1,500 meters on the Stu Copper-Gold project with a focus on expanding upon drilling completed on the high-grade A Zone in 1980. The Company is very pleased to have retained the expert services of Kluane Drilling Limited ("KDL"), one of Yukon's premier international drilling companies, to conduct its first program. Ankündigung • Oct 01
Granite Creek Copper Ltd. Auditor Raises 'Going Concern' Doubt Granite Creek Copper Ltd. filed its Annual on Sep 28, 2020 for the period ending May 31, 2020. In this report its auditor, Watson Dauphinee & Masuch - WDM Chartered Accountants, gave an unqualified opinion expressing doubt that the company can continue as a going concern. Ankündigung • Sep 12
Granite Creek Copper Ltd. announced that it expects to receive CAD 2.454 million in funding from PearTree Securities Inc. Granite Creek Copper Ltd. (TSXV:GCX) announced a non-brokered private placement of 2,100,000 units at a price of CAD 0.145 per unit for the gross proceeds of CAD 304,500, 3,400,000 flow-through common shares at a price of CAD 0.18 per share for the gross proceeds of CAD 612,000 and 7,500,000 flow-through units at a price of CAD0.205 per unit for the gross proceeds of CAD 1,537,500; for the aggregate gross proceeds of CAD 2,454,000 on September 11, 2020. Each unit consisting of one common share of the company and one-half of a transferable warrant with each full warrant allowing the holder to purchase a common share of the company at a price of CAD 0.25 per share for 24 months. Each flow-through unit consisting of one common share of the Company and one half of a transferable non-flow through warrant with each full warrant allowing the holder to purchase a common share of the Company at a price of CAD 0.25 per share for 24 months. After the closing date, the closing price of the the common shares on the TSX Venture Exchange is greater than CAD 0.40 per share for a period of 10 consecutive trading days, the company may elect to accelerate the expiry date of all or part of the Warrants, at any date that is four months and one day after the closing Date, by giving notice thereof to the holders of the Warrants. The transaction will include participation from PearTree Securities Inc. for 7,500,000 units. All securities issued in the transaction will be subject to a statutory hold period of four months plus a day following the date of closing. The company may pay finder's fees on a portion of the transaction, subject to compliance with the policies of the TSX Venture Exchange and applicable securities legislation. Closing of the Offering is subject to certain customary conditions, including, but not limited to, the receipt of all necessary regulatory approvals and acceptance of the TSX Venture Exchange. Ankündigung • Sep 02
Granite Creek Copper Ltd. (TSXV:GCX) entered into a definitive agreement to acquire remaining 69.6% stake in Copper North Mining Corp. (TSXV:COL) for CAD 3.6 million. Granite Creek Copper Ltd. (TSXV:GCX) entered into a definitive agreement to acquire remaining 69.6% stake in Copper North Mining Corp. (TSXV:COL) for CAD 3.6 million on August 31, 2020. Under the terms of the arrangement, Copper North shareholders will receive one common share of Granite Creek for every two and one-half (2.5) Copper North shares. All outstanding warrants and options of Copper North will be exchanged (or deemed to be exchanged) for warrants and options, respectively, of Granite Creek at the exchange ratio, with appropriate adjustments to the exercise price, but shall not otherwise be amended, including with respect to vesting and expiry. Upon completion of the transaction Granite Creek will have approximately 84.4 million common shares outstanding and Granite Creek shareholders will own approximately 72% and Copper North shareholders will own approximately 28% of the combined company and after the inclusion of 10.53 million Granite Creek shares previously issued by Granite Creek to certain Copper North shareholders to acquire its existing 26.15 million Copper North shares, Copper North Shareholders will own approximately 41% of the combined company. Upon completion of arrangement, Granite Creek will add two nominees from Copper North to its Board of Directors. A special committee comprised of independent directors of Copper North has been established.
Completion of the arrangement is subject to customary conditions, receipt of required regulatory approvals, court approvals, TSX venture approval and approval from shareholders of Copper North. The Board of Directors of Granite Creek and Copper North have each unanimously approved the transaction. The arrangement is expected to close in the fourth quarter of 2020. Ankündigung • Jun 20
Granite Creek Copper Ltd. announced that it has received CAD 0.71 million in funding On June 11, 2020, Granite Creek Copper Ltd. (TSXV:GCX) closed the transaction. The company amended the terms of the transaction and issued 6,290,000 units for gross proceeds of CAD 314,500 in its second tranche bringing the total funds raised in the transaction to CAD 710,000. The transaction included participation from 46 investors. Canaccord Genuity Corp. acted as finder in the transaction and received finder's fee of CAD 7,240 and 144,800 broker warrants, with each broker warrant entitling the holder to acquire one common share of the company at a price of CAD 0.075 until June 5, 2023. The filing documentation with respect to the transaction has been accepted by TSX Venture Exchange.