QC Copper and Gold Inc - Mining Stock Analysis & Updates
Latest News and Market Performance for QC Copper and Gold Inc
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XXIX Metal Corp. Closes Strategic Acquisition of Cuprum Corp.
XXIX has acquired Cuprum and its Thierry Copper Project, rebranding as XXIX Metal Corp. This positions XXIX among Eastern Canada's largest copper developers, with significant resources in Quebec and Ontario. Trading under the new symbol "XXIX" starts December 11, 2024.
QC Copper Receives Shareholder Approval for Cuprum Acquisition
QC Copper and Gold Inc. shareholders approved the acquisition of Cuprum Corp., a restricted share unit plan, and a new stock option plan during a special meeting. The company will rebrand as XXIX Metal Corp. with a new ticker symbol after the acquisition.
QC Copper: Thierry Drill Core Resampling Program on Bulk Tonnage K1 Deposit Now Completed
QC Copper has completed a core sampling program at Cuprum's Thierry Copper Project to further understand the K1 bulk-tonnage resource. The program, which was highly cost-effective, involved resampling previously unsampled areas from existing drilled cores. Around 1,100 metres of historical core, or 690 samples across 34 drill holes, were identified for this. The resampling could help identify more mineralization around K1, potentially increasing resources and improving the geological model. A business merger between Cuprum and QC Copper is expected in December.
QC Copper Secures Overwhelming Cuprum Shareholder Approval; Anticipates Merger Closing in December
QC Copper and Gold Inc. is set to acquire Cuprum Corp, with over 90% of Cuprum's shareholders tendering their shares for the merger. This transaction, expected to complete in early December 2024, will establish QC Copper as the largest copper developer in Eastern Canada. The company will rebrand to XXIX Metals Corp. after the merger. The finalization of the transaction is contingent on QC Copper shareholders' approval at the Special Meeting scheduled for December 4, 2024.
