Funds acquired Canadian miner Nevada Copper has completed a public offering worth $96 million. The significant demand from institutional and retail investors encouraged the company to upsize the offering from $80 million.
Nevada Copper owns Pumpkin Hollow, which it says is the only major, shovel-ready and fully-permitted copper project in North America.
Our "projects include: the high-grade Pumpkin Hollow underground mine which is expected to move into construction shortly with a view to near-term commencement of copper production; and the Pumpkin Hollow open pit, a large-scale copper deposit which is currently undergoing an optimization program to target a reduced-capex, staged-development approach," the miner says.