Copper Mountain Mining responds to market speculation
VANCOUVER, BC, June 27, 2022 /CNW/ – Copper Mountain Mining Corporation (TSX: CMMC) (ASX: C6C) (the “Company” or “Copper Mountain”) has been made aware by the ASX of media speculation regarding a possible transaction related to the Eva Copper Project in queenslandAustralia.
It is the Company’s policy not to comment on market speculation. The Company notes that it regularly reviews strategic opportunities to enhance shareholder value and, to this end, the Company has engaged Macquarie Capital to evaluate strategic opportunities in relation to the Eva Copper project. There are no ongoing transactions relating to the Eva Copper project of any kind at this time.
The Company will update the market as necessary in accordance with its continuous disclosure obligations.
About Copper Mountain Mining Corporation
Copper Mountain’s flagship asset is the 75%-owned Copper Mountain Mine, located in the south British Columbia near the town of Princeton. The Copper Mountain mine currently produces approximately 100 million pounds of copper equivalent per year. Copper Mountain also owns the 100% owned development-stage Eva copper project, which is expected to add approximately 100 million pounds of copper annually, in Queensland, Australia and a vast route of 2,100 km2 very promising land package in the Mount Isa area. Copper Mountain trades on the Toronto Stock Exchange under the symbol “CMMC” and on the Australian Stock Exchange under the symbol “C6C”.
Additional information is available on the Company’s web page at www.CuMtn.com.
Caution Regarding Forward-Looking Statements
This press release may contain forward-looking statements and forward-looking information (together, “forward-looking statements”) within the meaning of applicable securities laws. All statements, other than statements of historical fact, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terms such as “plans”, “expects”, “estimates”, “intends”, “anticipates”, “believes” or variations thereof. of such words, or statements that certain actions, events, or results “could”, “could”, “would”, “could”, “occur”, or “would be achieved”. In this press release, certain forward-looking statements are identified, including expected production at the Copper Mountain mine. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance and opportunities to differ materially from those implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include risks set forth in Copper Mountain’s public filings, including each MD&A, filed on SEDAR at www.sedar.com. Although Copper Mountain believes that the information and assumptions used in the preparation of forward-looking statements are reasonable, undue reliance should not be placed on such statements, which speak only as of the date of this press release, and no no guarantee can be given that such events will occur within the time disclosed or not at all. Except as required by applicable law, Copper Mountain disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
SOURCE Copper Mountain Mining Corporation
For further information: Letitia Wong, Executive Vice President, Strategy and Corporate Development, Phone: 604-682-2992, Email: [email protected]Website: www.CuMtn.com