Nevada Copper Appoints Ricardo De Armas as Director
March 08 2020 - 2:19PM
Nevada Copper Corp. (TSX: NCU) (“
Nevada
Copper” or the “
Company’’) is pleased to
announce that it has appointed Ricardo De Armas to the Company’s
board of directors (the “
Board”). Mr. De Armas is
an investment professional at Castlelake, L.P.
(“
Castlelake”). Funds managed by Castlelake are a
significant shareholder of the Company. Mr. De Armas has spent over
a decade in the investment and corporate finance sector, occupying
senior roles with De Jong Capital, Zaff Capital and Citigroup’s
investment banking division, and as a financial analyst at Procter
& Gamble. Mr. De Armas received his M.B.A. from Harvard
Business School and a B.S. from Universidad Metropolitana in
Business Administration.
Stephen Gill, Non-Executive Chairman of Nevada
Copper, stated “We are delighted to welcome Mr. De Armas to our
Board. Our recent emergence as a US copper producer, and our
continued advancement of the Pumpkin Hollow project, means Nevada
Copper is in a very exciting phase of growth and we look forward to
working closely with Mr. De Armas.”
Additionally, the Company announces the
resignation of Anthony Cina from Nevada Copper’s Advisory Board and
wishes to thank him for his services and support.
About Nevada Copper
Nevada Copper (TSX: NCU) is a copper producer
and owner of the Pumpkin Hollow copper project. Located in Nevada,
USA, Pumpkin Hollow has substantial reserves and resources
including copper, gold and silver. Its two fully permitted projects
include the high-grade underground mine and processing facility,
which is now in production, and a large-scale open pit project,
which is advancing towards feasibility status.
Additional Information
For further information please visit the Nevada Copper corporate
website (www.nevadacopper.com).
NEVADA COPPER CORP.
Matthew Gili, President and CEO For further information
call:Rich Matthews,VP Investor RelationsPhone:
604-355-7179Toll free: 1-877-648-8266
Email: rmatthews@nevadacopper.com
Cautionary Language
This news release includes certain statements
and information that may contain forward-looking information within
the meaning of applicable Canadian securities laws. All statements
in this news release, other than statements of historical facts are
forward-looking statements.
Often, but not always, forward-looking
statements and forward-looking information can be identified by the
use of words such as "plans", "expects", "potential", "is
expected", "anticipated", "is targeted", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates", or "believes"
or the negatives thereof or variations of such words and phrases or
statements that certain actions, events or results "may", "could",
"would", "might" or "will" be taken, occur or be achieved.
Forward-looking statements or information are subject to known or
unknown risks, uncertainties and other factors which may cause the
actual results, to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements or information.
Forward-looking statements and information are
subject to a variety of risks and uncertainties which could cause
actual events or results to differ from those reflected in the
forward-looking statements or information, including, without
limitation, risks and uncertainties relating to: history of losses;
requirements for additional capital; dilution; adverse events
relating to construction, development and ramp-up; ground
conditions; cost overruns relating to development, completion and
ramp-up of the Underground Project; loss of material properties;
interest rates increase; global economy; no history of production;
future metals price fluctuations and the continuation of the
current low copper price environment; speculative nature of
exploration activities; periodic interruptions to exploration,
development and mining activities; environmental hazards and
liability; industrial accidents; failure of processing and mining
equipment to perform as expected; labor disputes; supply problems;
uncertainty of production and cost estimates; the interpretation of
drill results and the estimation of mineral resources and reserves;
changes in project parameters as plans continue to be refined;
possible variations in ore reserves, grade of mineralization or
recovery rates may differ from what is indicated and the difference
may be material; legal and regulatory proceedings and community
actions; the outcome of the litigation with the Company’s prior
contractor; accidents; title matters; regulatory restrictions;
increased costs and physical risks relating to climate change,
including extreme weather events, and new or revised regulations
relating to climate change; permitting and licensing; volatility of
the market price of the Company’s common shares; insurance;
competition; hedging activities; currency fluctuations; loss of key
employees; other risks of the mining industry as well as those
factors discussed in the section entitled “Risk Factors” in the
Company’s Annual Information Form dated March 29, 2019. Should one
or more of these risks and uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary
materially from those described in forward-looking statements or
information.
The Company provides no assurance that
forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements.
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