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World Copper Ltd (2)
Symbol WCU
Shares Issued 215,734,567
Close 2024-11-19 C$ 0.08
Market Cap C$ 17,258,765
Recent Sedar Documents

World Copper puts itself on the block

2024-11-20 10:19 ET - News Release

Mr. Gord Neal reports

WORLD COPPER INITIATES STRATEGIC REVIEW PROCESS AND ENGAGES ADVISOR

World Copper Ltd. has initiated a strategic review process and has engaged Origin Merchant Partners to assist it in its review. The adviser will work with World Copper's management and board to evaluate a range of strategic alternatives that may be available to the company to grow and maximize value for all shareholders. There can be no assurance that this process will result in any specific strategic plan or financial transaction, and no timetable has been set for its completion. The company does not plan to provide updates on the status of the review unless there are material developments to report.

Gord Neal, World Copper chief executive officer, said: "This strategic process has derived from numerous interested corporate entities that have approached World Copper over the past few weeks. Adverse market sentiment has seen junior resource companies with excellent economic assets become extremely undervalued. This process creates an opportunity for larger resource players to seek transactions that can benefit all shareholders."

About World Copper Ltd.

World Copper, headquartered in Vancouver, B.C., is a Canadian resource company focused on the exploration and development of its copper porphyry projects: Zonia in Arizona and Escalones in Chile. Both projects have estimated resources with significant soluble copper mineralization, and they boast exciting potential to expand the resource base. The company is dedicated to sustainable practices and leveraging technology to develop safe and productive mining operations in stable, mining-friendly jurisdictions.

We seek Safe Harbor.

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