Coppernico Metals Provides Corporate Update
Coppernico Metals Provides
Corporate Update
VANCOUVER, BC / ACCESSWIRE / October 11, 2022 / Coppernico Metals Inc.
("Coppernico" or the "Company") is pleased to provide a corporate update on its
mineral exploration projects in Peru, South America, and its progress towards a stock
exchange listing. The Company continues to pursue community access at its Sombrero
properties where it has strengthened its relationships with the local communities.
Following the Peruvian regional elections at the beginning of October 2022, the
communities pertinent to the Sombrero project have elected new mayors in both the
Huanca Sancos Province and the Lucanamarca District. The newly elected mayors
belong to an independent and neutral party that has expressed support for mineral
exploration investment. Coppernico is looking forward to working with the new
leadership to advance meaningful and responsible exploration programs that will have a
lasting and beneficial impact on those living in the region. Community meetings are
being arranged for this quarter, of which one is slated to discuss and negotiate the
annual compensation to the community, whereby once completed, the community's
necessary signatures will be sought to approve the agreement and provide access for
exploration.
In an effort to offer increased diversified upside for shareholders and generate an
ongoing pipeline of catalysts for the Company, Coppernico has evaluated numerous
exploration opportunities in South America, focusing its review on 15 priority projects.
The Company's strategic vision behind additional project acquisitions is to identify
assets with a complementary discovery potential to Sombrero to enhance its existing
project portfolio. In addition to Sombrero, the Company is primarily focused on
Ecuador, South America, where several companies are experiencing success including
Solaris Resources, SolGold, Cornerstone, Dundee Precious Metals, and Lundin Mining.
Coppernico intends to pursue a stock exchange listing application once it meets
exchange requirements, including access to one or more qualifying projects and meets
the necessary working capital requirements.
Ivan Bebek, President, and CEO commented, "Coppernico has taken longer than
anticipated to exchange list its shares and we appreciate the patience of our
shareholders as we continue to make progress towards listing. We believe that the
Sombrero project is a world-class opportunity that remains well worth the effort and
wait, while potential additional projects that we are pursuing will prove to be
complementary value-adds to the portfolio.
We have made meaningful progress in our pursuit of community sanctioned access at
Sombrero, and although not guaranteed, we remain optimistic that we will gain access
and that the communities will continue to benefit from the extensive agroideas
(government-sponsored agricultural programs) that we have been supporting.
Ecuador is a highly prospective and underexplored country that is still early in the
discovery curve with multiple major discoveries being made and mines being
developed. Ecuador's 2021 presidential decree 51 is an action plan to develop the
country's mining industry conducive to further investment and business so that mining
becomes a major economic sector in the country. We are looking to capitalize on some
of the early significant opportunities that we are identifying.
In the next few months, we will pursue the final stages of access to Sombrero,
potentially acquire additional exploration opportunities in Ecuador, and continue the
progress towards listing our shares on a stock exchange."
ON BEHALF OF THE BOARD OF DIRECTORS
Ivan Bebek
President, CEO and Director
For further information on Coppernico Metals Inc., please
visit www.coppernicometals.com or contact Margaux Villalpando, Manager of Investor
Relations at (778) 729-0600 or [email protected].
About Coppernico
Coppernico Metals Inc. is a mineral exploration company focused on creating value for
shareholders and stakeholders through careful project evaluation and exploration
excellence in pursuit of the discovery of world-class copper-gold and nickel deposits in
South America. The Company's management and technical teams have a successful
track record in raising capital, discovery, and monetization of exploration successes.
The Company is currently focused on the Sombrero project in Peru and is pursuing
projects in Ecuador. Coppernico Metals Inc. is currently an unlisted reporting issuer and
intends to seek Canadian and U.S. stock exchange listings once it qualifies. For more
information, visit www.coppernicometals.com.
Cautionary Note Regarding Forward Looking Information
This news release contains forward-looking statements and forward-looking information
within the meaning of Canadian securities legislation (collectively, "forward-looking
statements") that relate to the Company's current expectations and views of future
events, including reaching agreements with local communities, finding new projects and
goal of securing a stock exchange listing about which there cannot be any certainty. No
assurance can be given that these expectations will prove to be correct and such
forward-looking statements included in this news release should not be unduly relied
upon. These statements speak only as of the date of this news release. In particular,
and without limitation, this news release contains forward-looking statements pertaining
to the Company's intention to secure surface access for exploration, acquire additional
projects in Ecuador, and obtain a stock exchange listing. Forward-looking statements
are based on a number of assumptions and are subject to a number of risks and
uncertainties, many of which are beyond the Company's control, which could cause
actual results and events to differ materially from those that are disclosed in or implied
by such forward-looking statements. Readers should refer to the risks discussed in the
Company's continuous disclosure filings with the Canadian Securities Administrators,
available at www.sedar.com.
No regulatory organization has approved the contents hereof.
SOURCE: Coppernico Metals Inc.