Kincora Receives Further Proceeds for Divestment of Mongolian Assets
Kincora Receives Further Proceeds for
Divestment of Mongolian Assets
Melbourne, Australia--(Newsfile Corp. - September 14, 2026) - Copper-gold explorer and hybrid project
generator Kincora Copper Limited (ASX: KCC) (TSXV: KCC) (
Kincora
or the
Company
) is pleased to
announce it has received the next tranche of US$1.5-million relating to the divestment of its wholly owned
Mongolian subsidiaries.
Now totalling US$6.5-million received, the remaining balance of US$3.5-million is scheduled on or
before December 31
st
, 2026.
Total staged consideration is US$10-million, payable in full to Kincora, free and clear of any taxes,
levies, or fees, but excluding certain contractual obligations of Kincora's.
For further details refer to the following prior Kincora releases:
"Kincora executes definitive agreements for divestment of Mongolian assets"
(July 2
nd
, 2026)
"
Kincora receives option payment for divestment of Mongolian assets
" (May 19
th
, 2026)
FOR FURTHER INFORMATION PLEASE CONTACT:
Sam Spring, President and Chief Executive Officer
or +61431 329 345
Kaitlin Taylor, Investor Relations
Executive office
400 – 837 West Hastings Street
Vancouver, BC V6C 3N6, Canada
Tel: 1.604.283.1722
Subsidiary office Australia
C/- JM Corporate Services
Level 6, 350 Collins Street
Melbourne, VIC, Australia 3000
About Kincora
Kincora Copper Limited ("KCC": ASX & TSXV) is an emerging Australia-focused gold-copper explorer
with a hybrid project generator strategy.
The Company is successfully proving up the prospectivity of its extensive project portfolio, which includes
multiple district-scale landholdings and scalable drill ready targets. These assets are located in
Australia's Lachlan Fold Belt, one of the globe's leading porphyry belts, and the historical Condobolin
mining field within the Cobar basin in NSW.
The Company has already unlocked over A$100 million of potential partner funding for multiple earlier
stage and/or non-core porphyry projects. These initial deals have supported over 20,000 metres of
drilling and over A$10m of partner funded exploration since late 2024, with management fees and
exploration ramping up.
Various partner discussions are ongoing for its remaining 100% owned flagship and advanced
exploration stage porphyry projects.
By having a significant portfolio of partner funded large porphyry projects, and very focused capital
efficient programs at our other sole funded projects, the Company is seeking to position Kincora as a
leading institutional grade explorer in the public Australian and Canadian markets, and the leading
project generator on the ASX.
The Company's website is:
www.kincoracopper.com
This announcement has been authorised for release by the Board of Kincora Copper Limited
(ARBN 645 457 763)
Forward-Looking Statements
Certain information regarding Kincora contained herein may constitute forward-looking statements and
"forward looking information" within the meaning of applicable securities laws (collectively, "forward-
looking information"). Forward-looking information is generally identifiable by the use of words
"believes", "may", "plans", "will", "anticipates", "intends", "could", "estimates", "expects", "scheduled",
"forecasts", "projects", and similar expressions, and the negative of such expressions. Such forward-
looking statements or information include but are not limited to statements or information with respect to
the Company's divestment of the Mongolian asset portfolio, expectations for further milestone payment
and compleation of the related transactions. The buyer, and its wholly owned subsidiary, are an arms-
length group with assets and operations in Mongolia. Forward-looking statements may include
estimates, plans, milestones, expectations, opinions, forecasts, projections, guidance or other
statements that are not statements of fact. Readers are cautioned not to place undue reliance on
forward-looking information and statements.
Forward-looking information involves numerous risks and uncertainties, and actual results might differ
materially from results suggested in any forward-looking information. These risks and uncertainties
include, among other items: jurisdictional; counterparty; government approval; ESG; market; no material
adverse change; and/or, general business conditions. Although Kincora believes that the expectations
reflected in such forward-looking statements are reasonable, and noting the receipt to date of three
tranches of consideration totalling US$6.5-million of the proposed total US$10-million in total
consideration it can give no assurance that such expectations will prove to have been correct or the
proposed transaction will met the milestones required to close or receive the final payment that is
outstanding. Kincora cautions that actual performance will be affected by a number of factors, most of
which are beyond its control, and that future events and results may vary substantially from what Kincora
currently foresees. Factors that could cause actual results to differ materially from those in forward-
looking statements include: market prices; approvals; continued availability of capital and financing and
general economic; market or business conditions; and investor sentiment. Accordingly, readers should
not place undue reliance on forward-looking information and statements. Readers are cautioned that
reliance on such information and statements may not be appropriate for other purposes.
The forward-looking statements are expressly qualified in their entirety by this cautionary statement. The
information contained herein is stated as of the current date and is subject to change after that date.
Kincora does not assume the obligation to revise or update these forward-looking statements, except as
may be required under applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) or the Australian Securities Exchange
accepts responsibility for the adequacy or accuracy of this release.
Kincora receives further proceeds for divestment of Mongolian assets (September 14th, 2026)
Website:
www.kincoracopper.com
Email:
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/314139