Alpha Copper Announces Amendment to Indata Project Option Agreement
Alpha Copper Announces Amendment to Indata Project Option Agreement
VANCOUVER, British Columbia, July 24, 2024, Alpha Copper Corp. (“Alpha” or the “Company”)
(CSE: ALCU) announces that is has entered into an amending agreement (the “ Amending
Agreement”) dated July 24, 2024 in respect of the option agreement (the “ Option Agreement”)
dated June 20, 2018 (as previously amended on May 7, 2019, November 16, 2020, July 6, 2022,
March 20, 2023 and January 15, 2024) with Eastfield Resources Ltd. (“ Eastfield”), pursuant to
which the Company may acquire a 60% interest in the Indata copper-gold project located in north
central British Columbia (the “Property”).
In accordance with the Amending Agreement, to earn a 60% interest in the Property, the
Company must make remaining payments to Eastfield and incur remaining exploration
expenditures on the Property as follows:
Pay $60,000 (which may be paid in cash or common shares of the Company (“ Shares”))
by July 31, 2024;
Incur $300,000 in exploration expenditures and pay $45,000 (up to $20,000 of which may
be paid in Shares) by December 31, 2024;
Pay $50,000 by June 20, 2025 (up to $20,000 of which may be paid in Shares); and
Incur $766,186 in exploration expenditures and pay $30,000 by December 31, 2025.
If the forgoing payments are made and exploration expenditures are incurred, the Company will
have paid an aggregate of $420,000 (up to $210,000 of which was paid Shares) and incurred
$2,600,000 in exploration expenditures under the Option Agreement to earn a 60% interest in
the Property.
About Alpha Copper Corp. (CSE: ALCU) (OTC: ALCUF) (FWB: PP0)
Alpha Copper is focused on contributing to the green economy by finding and developing copper
resource assets in stable jurisdictions. The Company is positioned to earn a 60-per-cent interest
in the Indata copper-gold project located in north-central British Columbia. After the acquisition
of Cavu Energy Metals, the Company has acquired 100% of the Star copper-gold porphyry project
in the Golden Triangle of British Columbia, as well as the 100% owned Quesnel project in the
middle of the Quesnel Trough, host to a number of alkalic copper-gold porphyry deposits running
northwest across western British Columbia. The Company also holds a 100% interest in the
Copper-Molybdenum Okeover project north of Powell River.
For more information visit https://alphacopper.com/.
2
On Behalf of the Board of Directors of Alpha
~Darryl Jones~
Darryl Jones
CEO, President & Director
Alpha Copper Corp.
Contact Alpha Copper
Invictus Investor Relations
+1 (604) 343.8661
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements and other statements that are not
historical facts. Forward-looking statements are often identified by terms such as “will”, “may”,
“should”, “anticipate”, “expects” and similar expressions. All statements other than statements
of historical fact, included in this news release are forward-looking statements that involve risks
and uncertainties. There can be no assurance that such statements will prove to be accurate and
actual results and future events could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ materially from the Company’s
expectations include but are not limited to market conditions and the risks detailed from time to
time in the filings made by the Company with securities regulators. The reader is cautioned that
assumptions used in the preparation of any forward-looking information may prove to be
incorrect. Events or circumstances may cause actual results to differ materially from those
predicted, as a result of numerous known and unknown risks, uncertainties, and other factors,
many of which are beyond the control of the Company. The reader is cautioned not to place
undue reliance on any forward-looking information. Such information, although considered
reasonable by management at the time of preparation, may prove to be incorrect and actual
results may differ materially from those anticipated. Forward-looking statements contained in
this news release are expressly qualified by this cautionary statement. The forward-looking
statements contained in this news release are made as of the date of this news release and the
Company will update or revise publicly any of the included forward-looking statements as
expressly required by applicable law.