US Copper Corp. Commences Discussions with Strategic Partners for its Moonlight‐Superior Project, One of the Most Advanced and Largest Undeveloped Copper Projects in the USA
US Copper Corp. Commences Discussions with Strategic Partners for its
Moonlight‐Superior Project, One of the Most Advanced and Largest
Undeveloped Copper Projects in the USA
US Copper has Commenced Discussions with Potential Strategic Partners to Advance its 100%
Owned Moonlight‐Superior Copper Project.
US Copper’s Moonlight – Superior Copper Project is a historically operating project with
potential to restart and become a domestic supply of copper to the US market.
Copper Prices broke $10,000/t (i.e. US$4.53/lb) in recent weeks as Copper undergoes an
unprecedented structural change driven by global energy transition.
The project’s US location positions it as a preferred supplier to the US domestic industry and a
candidate for possible US Government funding support.
TORONTO, CANADA, May 28, 2024 – US Copper Corp., (“ US Copper” or the “ Company”) (TSX‐V: USCU,
OTCQB: USCUF, FSE: C73) is pleased to announce that it has commenced discussions with strategic
partners to facilitate the Company’s ongoing efforts to advance its large, advanced Moonlight‐Superior
Project, a historically operated copper mine in California, back into production. Steve Dunn, CEO, noted:
“There is strong interest by strategic partners in Moonlight‐Sup erior driven by the recent move of copper
prices above US$10,000/t (US$4.53/lb) as well as the project’s U.S. location which dovetails nicely with the
push by the U.S. Government to stimulate new domestic sources o f critical metals, including copper, via
various incentive and financial support programs. With the rec ently announced drilling results, timing is
ideal and we are excited to commence discussions with potential strategic partners to advance the project
through Definitive Feasibility Study and development of the min e. We look forward to updating
shareholders as discussions progress.”
US Copper is developing the Moonlight‐Superior Project, a historically operated copper mine in California,
located approximately 125 miles from Tesla’s Gigafactory outsid e Reno, Nevada. President Biden’s
Defense Act Order highlights the important role that the Compan y can play in ensuring the United States
has a secure supply of one of the key metals to achieve its transition to a low carbon economy. Copper is
a critical material for everything from renewable power generation to electric vehicles. As such, it will be
vital that the U.S. has a strong and viable domestic source of copper supply.
US Copper is focused on advancing its Moonlight‐Superior Project towards the production stage. The
Company 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.
CEO Steve Dunn further commented, “The Company is working hard to advance its project back into
production and is excited about the opportunity to be an integral supplier of copper metal to the U.S.
domestic market.”
About US Copper Corp.
US Copper controls approximately 13 square miles of patented an d unpatented federal mining claims in
the Lights Creek Copper District in Plumas County, NE California; essentially, the entire District. The District
contains substantial copper (silver) sulfide and copper oxide resources in three deposits – Moonlight,
Superior and Engels, as well as several 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 discovered and drilled by Placer‐Amex during the 1960s. The Moonlight sulfide
deposit hosts a current National Instrument 43‐101 (“NI 43‐101”) indicated resource of approximately 252
million tons (154 million tonnes) averaging 0.25% copper and 0.07 oz/silver per ton, and an inferred
resource of 109 million tons (62 million tonnes) averaging 0.24 % copper and 0.08 oz/silver per ton, both
above a US$6.25 net smelter retu rn cut‐off. Contained indicated resources are 1.272 billion pounds of
copper and 18 million ounces of silver, and inferred resources of 534 million pounds of copper and 9
million ounces of silver. The Moonlight sulfide deposit remains open to the south and at depth. There are
also current NI 43‐101 resources at the Superior and Engels deposits. D e t a i l s o f t h e r e s o u r c e s o n U S
Copper’s property and the parameters used to calculate them can be found in the "Technical Report and
Preliminary Economic Assessment for the Moonlight Deposit, Moon light‐Superior Copper Project,
California, USA" dated April 12, 2018 on both the company’s web site at www.uscoppercorp.com or on
www.sedar.com under the US Copper Corp profile.
Mr. George Cole is the Qualified Person pursuant to NI 43‐101 r esponsible for the technical information
contained in this news release, and he has reviewed and approved this news release.
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 Pr ovider (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 the 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”, “anti cipates”, “expected to”, “plans ”, “planned” and other similar words. Actual results
may differ significantly. The achievement of the results expres s e d i n f o r w a r d ‐ l o o k i n g s t a t e m e n t s i s s u b j e c t t o a
number of risks, including those described in the Company’s man agement discussion and analysis as filed with the
Canadian securities regulatory authorities which are available at www.sedar.com. Investors are cautioned not to
place undue reliance upon forward‐looking statements.