ARIZONA SONORAN COPPER COMPANY


Associated tags: ASARCO, Cactus, Mining, Natural Resources, Minerals, ASCU, TSX, PFS

Locations: QUADRA, AMERICAS, DORSEY, DELAWARE, ARIZONA, AFRICA, AUSTRALIA/OCEANIA, UNITED STATES, CANADA, NORTH AMERICA, AUSTRALIA, ONTARIO, NEVADA, COLORADO, IDAHO

Arizona Sonoran Announces Acquisition of Land and Completes Rezoning MainSpring

Retrieved on: 
Tuesday, March 5, 2024
Mining, Minerals, Natural Resources, Multimedia, TSX, Sale, PR, Classification, ASCU

Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) today provides an update on positive land developments, including MainSpring and a new special land use permit to the east of the Cactus Project, connecting the Project (see FIGURE 1 ).

Key Points: 
  • Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) today provides an update on positive land developments, including MainSpring and a new special land use permit to the east of the Cactus Project, connecting the Project (see FIGURE 1 ).
  • By rezoning and consolidating this land around Cactus, we are able to improve operational flexibility of our Project and gain access to mineralization excluded from our recent Pre-Feasibility Study.
  • Additionally, rezoning of MainSpring PAD III, the southern parcel of the MainSpring property, is now complete.
  • Links from the press release:
    Neither the TSX nor the regulating authority has approved or disproved the information contained in this press release.

Arizona Sonoran Announces 2024 Work Plan

Retrieved on: 
Tuesday, January 30, 2024
Machine Tools, Metalworking & Metallurgy, Natural Resources, Manufacturing, Mining, Minerals, Partnership, ASCU, Rio Tinto, ESG, PR, JV, City, PFS, Feasibility study, Exercise, NPV, Integration, Groundwater, TSX, Diamond, Party, Water, Amend, Casa Grande, Arizona, Economics, Risk, DFS, SWPPP, Engineered wood

Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) today announces its 2024 work plan and 2023 achievements.

Key Points: 
  • Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) today announces its 2024 work plan and 2023 achievements.
  • The ensuing year’s activities relate to the continued advancement of the Cactus Property, through Feasibility studies while concurrently completing Nuton-related work programs.
  • Modified water rights through ADWR to include MainSpring and ASLD Lands
    Technical Studies – Complete ASCU’s Standalone PFS and initiate the Amended PFS which will incorporate Mainspring.
  • In 2024, amendments to these permits will begin, reflecting any changes made to the PFS mining plan.

Arizona Sonoran and Nuton LLC Announce Option to Joint Venture on Cactus Project in Arizona

Retrieved on: 
Thursday, December 14, 2023
Machine Tools, Metalworking & Metallurgy, Natural Resources, Manufacturing, Mining, Minerals, Trigger, Economics, Indian stock exchange, Rio Tinto, ASCU, NPV, TSX, News, Mechanics, Copper, South Tyrol Option Agreement, Exchangeable, Exercise, Dorsey & Whitney, Cactus, Scotiabank, Partnership, Water, Contract management, National instrument, Torys, Debt, Securities Transaction Tax, Debenture, Toronto Stock Exchange, Committee, Option, Uranium mining, Cochineal, Renting, Security (finance), Gunsmith, Satellite navigation device, Mainspring, Nuton, Interest

Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) is pleased to announce today that it has entered into an option to joint venture agreement with Nuton LLC (“Nuton”), a wholly-owned subsidiary of Rio Tinto, to establish a strategic alliance for deployment of the Nuton technologies at its Cactus Mine and the Parks/Salyer Project (collectively, the “Cactus Project”), in Arizona, USA.

Key Points: 
  • Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) is pleased to announce today that it has entered into an option to joint venture agreement with Nuton LLC (“Nuton”), a wholly-owned subsidiary of Rio Tinto, to establish a strategic alliance for deployment of the Nuton technologies at its Cactus Mine and the Parks/Salyer Project (collectively, the “Cactus Project”), in Arizona, USA.
  • Nuton has indicated the potential to significantly increase copper cathode output from our current 45-50 ktpa target which could materially enhance project economics.
  • In the event that Nuton exercises the Option, the parties will either form a Delaware limited liability company or deem Cactus to be the joint venture company for the Cactus Project (the “Joint Venture Corporation”).
  • Rothschild acted as financial advisor, and Torys LLP and Dorsey & Whitney LLP acted as legal advisors, to Nuton.