Jean-Pierre Colin Joins US Copper as Corporate Advisor
Jean-Pierre Colin Joins US Copper as Corporate Advisor
TORONTO, CANADA, January 27, 2025 – US Copper Corp (“US Copper” or the “Company”)
(TSX Venture: USCU) (OTCQB: USCUF) (Frankfurt: C73) is pleased to announce the
appointment of Mr. Jean-Pierre Colin as a corporate advisor eff ective today’s date. Jean-Pierre
Colin will assist USCU in finding a JV partner for its 100% owned Moonlight-Superior Project in
Northeast California.
Jean-Pierre Colin has a distingui shed career spanning more that 4 decades with demonstrated
expertise as an investment banke r and strategy consultant. He has had a lead role in financing
hundreds of mining exploration pr ograms and many dozens of mini ng companies at their
Preliminary Economic Assessment (“PEA”) and Feasibility stages all the way to production. Jean-
Pierre Colin also initiated and led high-profile mining M&A transactions and served as a director
and senior executive of numerous successful mining ventures throughout his career.
US Copper has commenced discussions with strategic partners to facilitate the Company’s ongoing
efforts to bring its large, advanced Moonlight-Superior Project , including the historical Engels
copper property in California, into production. Jean-Pierre Colin’s primary role will be to advise
and assist the CEO of US Copper as the Company seeks to attract competitive international senior
copper producers and complete an accretive transaction or joint venture. This initiative follows the
Company’s recently announced PEA, press released January 6, 202 5. The PEA highlights the
compelling economics of putting US Copper’s mineral resource of 2.5 billion indicated pounds of
copper and over 390 million inferred pounds of copper into prod uction. The Moonlight-Superior
Copper Project is one of the top ten largest copper deposits in the United States of America that is
not owned nor controlled by a major public mining company.
US Copper is focused on advancing to the production stage on it s Moonlight-Superior Project
located approximately 125 miles from Tesla’s Gigafactory outside Reno, Nevada. The project can
become a significant factor in ensuring the United States has a secure supply of one of the key
metals to achieve its transition to a low carbon economy. Copp er is a critical material for
renewable power generation and electric vehicles. As such, it is vital that the United States has a
strong and viable domestic source of copper supply. The Compan y hopes to support the United
States’ shift to a green future by providing copper to the myriad of industries involved in the green
energy transition.
Fittingly, Jean-Pierre Colin has been involved in the last decade in the green energy transition. He
currently serves as CFO, Executive Vice President and Director of dynaCERT Inc., a TSX listed
hydrogen technology company, and he is a founding Director and Corporate Secretary of Cipher
Neutron Inc., a global, Canadian-based, researcher, designer an d manufacturer of innovative
hydrogen AEM electrolysers. He is also a member of the board of directors of Sego Resources
Inc., fostering an award-winning environmental care copper-gold project in British Columbia and
an advisor to Minnova Corp., owner of the past producing PL Gol d Mine and the developer of a
clean energy hub in Flin Flon, Manitoba, both TSXV listed companies.
Jean-Pierre Colin, advisor to US Copper stated, “Seeing all the major mining activity in California
and the Nevada copper belt, the Moonlight-Superior Copper Project can be qualified as surrounded
by mining-friendly areas including many counties of California. I congratulate Stephen Dunn and
his entire executive team for the ir unwavering tenacity and bol d ingenuity in bringing this huge
rich deposit which began as the Engels mine back in the early 1900’s to such an advanced stage of
its development today.”
Stephen Dunn, President, CEO and Director of US Copper stated, “The addition of Jean-Pierre
Colin as a corporate advisor in our upcoming negotiations marks yet another positive development
as we advance to creating shareholder value. Having known Jean-Pierre Colin for many decades,
I welcome his professional dedication along with his long-standing experience in mining finance,
M&A, negotiations and implementing creative solutions.”
Qualified Persons
The scientific and technical content of this press release has been reviewed and approved by
George Cole, M.Sc., Director of US Copper who is a “Qualified P erson” as defined in NI 43-101
Standards of Disclosure for Mineral Projects. George Cole is a Registered Professional Geologist
through AIPG (CPG-11687).
About US Copper Corp
US Copper controls approximately 10 square miles of patented an d unpatented federal mining
claims in the Light’s Creek Copper District in Plumas County, NE California; essentially, the entire
District. The District contains s ubstantial copper (silver) sul fide and copper oxide resources in
three deposits – Moonlight, Superior and Engels, as well as sev eral partially tested and untested
exploration targets.
The Superior and Engels Mines operated from about 1915 to 1930 producing over 161 million
pounds of copper from over 4 million tons of rock containing 2. 2% copper with silver and gold
credits.
The Moonlight deposit was discove red by Placer Amex during the 1960s and a resource was
calculated after the drilling of over 400 holes. A development decision was made but then put on
hold in 1972 when copper prices were weak. US Copper has owned the project since 2013 and has
advanced the project with three different drill programs and a number of engineering studies.
USCU recently reported an after tax NPV of US$1.075 billion in a Preliminary Economic
Assessment prepared by GRE date d Dec 16, 2024 with a life of mi ne production of 1.8 billion
pounds of copper (See news release dated Jan 6, 2025).
Further details of the Preliminary Economic Assessment NI43-101 Technical Report on th e
Moonlight-Superior Project, Plum as County, California, USA with an effective date of
December 16, 2024 can be found on Sedar+ at sedarplus.ca or at the Company’s website at
www.uscoppercorp.com.
The PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too
speculative geologically to have t he economic considerations ap plied to them that would enable
them to be categorized as Mineral Reserves under CIM Definition Standards. Readers are advised
that there is no certainty that the results projected in this preliminary economic assessment will be
realized.
For Further Information Contact:
Mr. Stephen Dunn, President, CEO and Director, US Copper Corp ( 416) 361-2827 or email
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
This press release contains forward-looking statements within the meaning of applicable Canadian and U.S. securities
laws and regulations, including statements regarding th e future activities of the Company. Forward-looking
statements reflect the current beliefs and expectations of management and are identified by the use of words including
“will”, “hopes”, “anticipates”, “expected to”, “plans”, “p lanned”, “intends” and other similar words. Actual
results may differ significantly. The achievement of the resu lts expressed in forward-looking statements is subject to
a number of risks, including those described in the Company’s management discussion and analysis as filed with the
Canadian securities regulatory authorities which are available at www.sedarplus.ca. Investors are cautioned not to
place undue reliance upon forward-looking statements.